Cost of living comparison
Faroe Islands is 33.6% cheaper than Monaco overall.
- Restaurants
-
pay 21.0% less in Faroe Islands
- Groceries
-
pay 32.5% less in Faroe Islands
- Transportation
-
pay 16.2% less in Faroe Islands
- Housing
-
pay 73.1% less in Faroe Islands
- Entertainment and Sports
-
pay 22.9% less in Faroe Islands
- Clothing
-
pay 35.9% less in Faroe Islands
Expenses including housing, clothing, groceries, entertainment and sports, restaurants, and transportation are lower in Faroe Islands.
If you lived in Faroe Islands instead of Monaco, you would:
pay 21.0% less for restaurants
|
Monaco
|
Faroe Islands
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$36.21
€33.30
|
$22.84
DKK157.36
|
|
|
Fast food combo meal
McDonalds, or similar
|
$11.32
€10.40
|
$19.35
DKK133.35
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$5.61
€5.16
|
$3.01
DKK20.77
|
|
| Bottle of water (11 fl. oz) |
$8.77
€8.06
|
$2.44
DKK16.84
|
|
pay 32.5% less for groceries
|
Monaco
|
Faroe Islands
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$5.69
€5.24
|
$7.20
DKK49.64
|
|
| Local cheese (8 oz) |
$11.39
€10.47
|
$5.63
DKK38.77
|
|
| Milk (1 gallon) |
$8.62
€7.93
|
$8.02
DKK55.25
|
|
|
Eggs
1 dozen
|
$5.55
€5.10
|
$4.78
DKK32.95
|
|
| Boneless chicken breast (1 lb) |
$8.45
€7.77
|
$5.87
DKK40.43
|
|
| Apples (1 lb) |
$2.57
€2.37
|
$0.98
DKK6.74
|
|
| Bananas (1 lb) |
$2.47
€2.27
|
$1.17
DKK8.09
|
|
| Oranges (1 lb) |
$1.98
€1.82
|
$1.30
DKK8.98
|
|
| Tomatoes (1 lb) |
$2.92
€2.69
|
$0.78
DKK5.39
|
|
| Potatoes (1 lb) |
$1.69
€1.55
|
$1.17
DKK8.09
|
|
| Onions (1 lb) |
$2.02
€1.86
|
$1.43
DKK9.88
|
|
pay 16.2% less for transportation
|
Monaco
|
Faroe Islands
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$8.68
€7.98
|
$7.27
DKK50.11
|
|
| Monthly public transit pass |
$29.74
€27.35
|
?? | |
| New Volkswagen Golf 1.4 (standard edition) |
$49,160.43
€45,202.92
|
?? | |
| Taxi trip in downtown area (5 miles) |
$21.44
€19.71
|
?? | |
pay 73.1% less for housing
|
Monaco
|
Faroe Islands
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$110.93
€102.00
|
$61.08
DKK420.91
|
|
| 1-Bedroom apartment in downtown area |
$9,401.30
€8,644.47
|
$785.35
DKK5,411.71
|
|
| 1-Bedroom apartment outside city center |
$6,591.34
€6,060.73
|
$790.49
DKK5,447.12
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$292.40
€268.86
|
$94.06
DKK648.18
|
|
pay (unknown) more for childcare
|
Monaco
|
Faroe Islands
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$2,759.79
€2,537.62
|
?? | |
| Middle school for 1 child, two semesters |
$29,406.50
€27,039.22
|
?? |
pay 22.9% less for entertainment and sports
|
Monaco
|
Faroe Islands
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$9.11
€8.38
|
$8.62
DKK59.42
|
|
| Cappuccino in mid-range area |
$6.29
€5.78
|
$6.11
DKK42.09
|
|
|
Pack of cigarettes
Marlboro or similar
|
$12.06
€11.09
|
$10.06
DKK69.33
|
|
| Monthly membership at local gym |
$512.44
€471.18
|
$50.02
DKK344.65
|
|
| Movie ticket to theater/cinema |
$15.00
€13.80
|
$15.09
DKK103.99
|
|
pay 35.9% less for clothing
|
Monaco
|
Faroe Islands
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$194.39
€178.74
|
$141.28
DKK973.55
|
|
|
Regular dress
from H&M or similar store
|
$75.16
€69.11
|
$50.30
DKK346.63
|
|
|
Running shoes
Nike or Adidas
|
$203.37
€187.00
|
$146.12
DKK1,006.89
|
|
| Men's business shoes (leather) |
$446.93
€410.95
|
$201.22
DKK1,386.54
|
|
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