Cost of living comparison
Faroe Islands is 99.3% more expensive than South Korea.
If you lived in Faroe Islands instead of South Korea, you would:
pay 3.1 times more for restaurants
|
South Korea
|
Faroe Islands
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$6.16
₩8,598
|
$22.84
DKK161.64
|
|
|
Fast food combo meal
McDonalds, or similar
|
$5.24
₩7,313
|
$19.35
DKK136.97
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$1.47
₩2,055
|
$3.01
DKK21.34
|
|
| Bottle of water (11 fl. oz) |
$0.79
₩1,105
|
$2.44
DKK17.29
|
|
pay 6.6% more for groceries
|
South Korea
|
Faroe Islands
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$3.08
₩4,295
|
$7.20
DKK50.98
|
|
| Local cheese (8 oz) |
$5.40
₩7,544
|
$5.63
DKK39.82
|
|
| Milk (1 gallon) |
$7.46
₩10,411
|
$8.02
DKK56.75
|
|
|
Eggs
1 dozen
|
$2.76
₩3,849
|
$4.78
DKK33.84
|
|
| Boneless chicken breast (1 lb) |
$3.32
₩4,635
|
$5.87
DKK41.53
|
|
| Apples (1 lb) |
$3.17
₩4,422
|
$0.98
DKK6.92
|
|
| Bananas (1 lb) |
$1.49
₩2,078
|
$1.17
DKK8.31
|
|
| Oranges (1 lb) |
$2.53
₩3,534
|
$1.30
DKK9.23
|
|
| Tomatoes (1 lb) |
$2.41
₩3,370
|
$0.78
DKK5.54
|
|
| Potatoes (1 lb) |
$1.82
₩2,547
|
$1.17
DKK8.31
|
|
| Onions (1 lb) |
$1.21
₩1,689
|
$1.43
DKK10.15
|
|
pay 65.5% more for transportation
|
South Korea
|
Faroe Islands
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$4.39
₩6,132
|
$7.27
DKK51.47
|
|
| Monthly public transit pass |
$45.32
₩63,258
|
?? | |
| New Volkswagen Golf 1.4 (standard edition) |
$27,023.07
₩37,722,173
|
?? | |
| Taxi trip in downtown area (5 miles) |
$8.17
₩11,407
|
?? | |
pay 2.1 times more for housing
|
South Korea
|
Faroe Islands
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$17.65
₩24,644
|
$61.08
DKK432.35
|
|
| 1-Bedroom apartment in downtown area |
$426.93
₩595,965
|
$785.35
DKK5,558.73
|
|
| 1-Bedroom apartment outside city center |
$328.41
₩458,440
|
$790.49
DKK5,595.10
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$111.42
₩155,538
|
$94.06
DKK665.79
|
|
pay (unknown) more for childcare
|
South Korea
|
Faroe Islands
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$373.40
₩521,239
|
?? | |
| Middle school for 1 child, two semesters |
$22,907.58
₩31,977,257
|
?? |
pay 2.1 times more for entertainment and sports
|
South Korea
|
Faroe Islands
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$3.09
₩4,319
|
$8.62
DKK61.04
|
|
| Cappuccino in mid-range area |
$3.39
₩4,731
|
$6.11
DKK43.23
|
|
|
Pack of cigarettes
Marlboro or similar
|
$3.21
₩4,486
|
$10.06
DKK71.21
|
|
| Monthly membership at local gym |
$45.71
₩63,810
|
$50.02
DKK354.02
|
|
| Movie ticket to theater/cinema |
$10.10
₩14,097
|
$15.09
DKK106.82
|
|
pay 90.2% more for clothing
|
South Korea
|
Faroe Islands
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$60.70
₩84,739
|
$141.28
DKK1,000.00
|
|
|
Regular dress
from H&M or similar store
|
$44.52
₩62,150
|
$50.30
DKK356.05
|
|
|
Running shoes
Nike or Adidas
|
$72.99
₩101,892
|
$146.12
DKK1,034.25
|
|
| Men's business shoes (leather) |
$93.73
₩130,840
|
$201.22
DKK1,424.21
|
|
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