Last update: Oct 2026

Cost of Living Comparison Between Athens and Torshavn

For one person, living is cheaper in Athens: $1,806 a month against $2,524 in Torshavn, rent and utilities included – about $8,600 less a year. Other living expenses account for most of the difference.

87

Cost of Living Index in Athens
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Athens Living Index
123

Cost of Living Index in Torshavn
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Torshavn Living Index

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Athens

🇬🇷 Greece

$1,806

/mo nomad

Torshavn

🇫🇴 Faroe Islands

$2,524

/mo nomad

Monthly Cost of Living

How much you'll spend in Athens and in Torshavn

Real prices from locals and on-the-ground checks – rent, groceries, transit and the daily extras. Here's what a month in Athens and in Torshavn actually costs, broken down by who's living it.

Monthly costs for one person with rent: $1,806 in Athens versus $2,524 in Torshavn.

Athens $1,806
Torshavn $2,524

Estimated couple costs with rent: $2,731 in Athens versus $3,982 in Torshavn.

Athens $2,731
Torshavn $3,982

Monthly costs for a family of three with rent: $3,656 in Athens versus $5,441 in Torshavn.

Athens $3,656
Torshavn $5,441

Living in Athens costs roughly 28% less than in Torshavn, and outside of rent the biggest gap is in groceries.

Both cities are pricier than the global median: Athens 35% above, Torshavn 88% above.

Meal at Budget Restaurant

$16.66 €14.87

$26.65 FOK 178

-37.49%

Three-Course Dinner for Two, Mid-Range

$66.2 €59.1

$152 FOK 1,012

-56.30%

Fast Food Meal (McDonalds, etc)

$11.06 €9.87

$19.79 FOK 132

-44.11%

Cappuccino

$4.14 €3.69

$6.96 FOK 46.49

-40.52%

Coke/Pepsi/Fanta/Sprite (0.33 liter bottle)

$2.80 €2.50

$3.16 FOK 21.11

-11.39%

Water (0.33 liter bottle)

$0.57 €0.51

$2.69 FOK 17.99

-78.81%

Local Beer (0.5 liter draught)

$5.64 €5.03

$9.37 FOK 62.6

-39.81%

Imported Beer (0.33 liter bottle)

$5.46 €4.87

$9.12 FOK 61.0

-40.13%

Milk (1 liter)

$1.96 €1.75

$2.33 FOK 15.54

-15.88%

White Bread (500g)

$1.41 €1.26

$4.87 FOK 32.53

-71.05%

Rice (white) (1kg)

$2.83 €2.53

$2.99 FOK 19.95

-5.35%

Eggs

$5.04 €4.50

$6.55 FOK 43.77

-23.05%

Local Cheese (1kg)

$15.35 €13.70

$16.45 FOK 110

-6.69%

Chicken Fillets (1kg)

$10.34 €9.23

$14.33 FOK 95.7

-27.84%

Beef Round Steak (1kg)

$18.97 €16.93

$17.73 FOK 118

6.99%

Apples (1kg)

$2.17 €1.93

$4.09 FOK 27.31

-46.94%

Banana (1kg)

$1.91 €1.70

$5.66 FOK 37.84

-66.25%

Oranges (1kg)

$1.38 €1.23

$5.93 FOK 39.62

-76.73%

Tomato (1kg)

$2.20 €1.96

$5.21 FOK 34.80

-57.77%

Potato (1kg)

$1.10 €0.98

$3.66 FOK 24.47

-69.95%

Onion (1kg)

$1.13 €1.00

$4.63 FOK 30.95

-75.59%

Lettuce (1 head)

$1.10 €0.99

$3.21 FOK 21.44

-65.73%

Water (1.5 liter bottle)

$0.83 €0.74

$3.84 FOK 25.65

-78.39%

Cigarettes 20 Pack (Marlboro, Camel)

$5.60 €4.99

$11.14 FOK 74.4

-49.73%

Wine (Bottle)

$10.19 €9.09

$13.77 FOK 92.0

-26.00%

Local Beer (0.5 liter bottle)

$2.18 €1.95

$4.13 FOK 27.60

-47.22%

Imported Beer (0.33 liter bottle)

$2.45 €2.19

$2.93 FOK 19.57

-16.38%

One-way Ticket (Public Transport)

$1.38 €1.23

Public Transport Monthly Pass (Regular Price)

$30.87 €27.55

$30.56 FOK 204

1.01%

Taxi Start (Normal Tariff)

$4.37 €3.90

$15.18 FOK 101

-71.21%

Taxi (Normal Tariff) (1km)

$1.04 €0.93

Taxi 1hour Waiting (Normal Tariff)

$17.11 €15.27

Gasoline (1 liter)

$2.31 €2.07

$1.70 FOK 11.36

35.88%

Midsize Hatchback 1.4l (Volkswagen Golf, Toyota Prius, Honda Civic, etc)

$28.0K €25.0K

Compact Sedan 1.6l (Toyota Corolla, Mazda3, Kia K4, Hyundai Elantra, etc)

$28.0K €25.0K

Utilities for 2 People in 2-bedroom Apartment (Heating, Electricity, Gas, Water, Garbage) (85m2)

$210 €187

$130 FOK 865

61.89%

SIM Card Monthly Plan (Calls and 10GB+ Data)

$26.70 €23.83

$44.35 FOK 296

-39.80%

Internet (50+ Mbps, Unlimited Data)

$30.13 €26.89

$90.9 FOK 607

-66.84%

Gym Membership (Monthly)

$54.6 €48.72

$55.3 FOK 370

-1.34%

Tennis Court (1 Hour on Weekend)

$26.03 €23.23

Cinema Ticket

$10.78 €9.62

$16.05 FOK 107

-32.83%

Preschool or Kindergarten, Full Day, Private, 1 Child (Monthly)

$575 €513

$489 FOK 3,270

17.47%

International Primary School, 1 Child (Yearly)

$13.1K €11.7K

Jeans (Levis 501 Or Similar)

$93.2 €83.1

$141 FOK 944

-34.05%

Summer Dress (H&M, Zara, etc)

$40.68 €36.30

$59.4 FOK 397

-31.49%

Sport Shoes (Adidas, Nike)

$104 €92.9

$166 FOK 1,108

-37.29%

Men's Leather Business Shoes

$128 €115

$248 FOK 1,655

-48.20%

1-bedroom Apartment, City Center (Monthly)

$756 €674

$1,096 FOK 7,324

-31.07%

1-bedroom Apartment, Outside City Center (Monthly)

$652 €582

$890 FOK 5,947

-26.73%

3-bedroom Apartment, City Center (Monthly)

$1,294 €1,154

$1,842 FOK 12.3K

-29.76%

3-bedroom Apartment, Outside City Center (Monthly)

$1,163 €1,038

$1,411 FOK 9,425

-17.59%

Buy Apartment in City Center (m2)

$4,008 €3,577

$4,520 FOK 30.2K

-11.33%

Buy Apartment Outside City Center (m2)

$3,452 €3,081

$4,718 FOK 31.5K

-26.82%

Average Monthly Net Salary (After Tax)

$1,243 €1,110

$3,205 FOK 21.4K

-61.21%

20-Year Fixed Mortgage Interest Rate (Annual %)

4.48

CityCost data is based on AI and user input – minor inaccuracies may occur.

Last update for Athens: October 5, 2026

Last update for Torshavn: October 4, 2026

Monthly budget structure

Share of the monthly basket for one person, rent included.

Accommodation & Living

Athens

$652 36.5%

Torshavn

$890 35.2% 36.5% $238

Groceries & Markets

Athens

$315 17.6%

Torshavn

$522 20.6% 65.8% $207

Eating Out

Athens

$269 15%

Torshavn

$445 17.6% 65.4% $176

Monthly Utilities & Internet

Athens

$267 14.9%

Torshavn

$265 10.5% 0.7% $1.8

Clothing & Footwear

Athens

$165 9.2%

Torshavn

$276 10.9% 67.7% $112

Sport & Entertainment

Athens

$76 4.3%

Torshavn

$87 3.5% 14.8% $11

Getting Around

Athens

$46 2.6%

Torshavn

$46 * 1.8% 0.5% $0.2

Categories marked with * are only partly priced – their share counts the items that do have prices.

Cost Breakdown

A one-bedroom apartment in the center runs $756 in Athens and $1,096 in Torshavn. Housing cost is often the main lever when comparing two cities.

Torshavn pays 158% more on average. The extra income cushions the higher costs, though housing choices and lifestyle decide how much of the gap is truly closed.

Dining out: $66.0 in Athens vs $152 in Torshavn for a mid-range dinner for two. Groceries echo the gap at $315 vs $522 per month, with Athens cheaper across the board.

Good to know

🇬🇷 Athens

🇫🇴 Torshavn

🕒 Local time

16:46 4:46 PM

14:46 2:46 PM

2 h behind Athens

🌤 Weather

👥 Population

3,090,508 Capital

14,145 Capital

💱 Currency

Euro EUR €

Faroese Króna FOK kr

📈 Exchange rate

1 EUR = 1.12 USD

1 FOK = 0.15 USD

1 FOK = 0.134 EUR

Exchange rates and currency converter

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Between locations

Athens Torshavn 3,390 km ≈ 4 h 45 min nonstop flight

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Athens
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Distances are measured in a straight line. Your location is detected approximately.

City Median Internet Speeds Comparison (Updated April 2026)

The chart highlights the Precision Threshold for mobile and fixed broadband internet speeds, updated quarterly.

Digital Nomad Cost of Living Index

Athens vs Torshavn: Cost of Living - Frequently Asked Questions

Athens wins on cost – living expenses run 40% lower than in Torshavn. Housing and daily spending are where you'll feel the difference most, making Athens the obvious pick if budget is a priority.

On paper, salaries run 158% lower in Torshavn. That's worth factoring in alongside costs, though remote workers earning in a stronger currency may not notice the difference at all.

Rent for a central apartment: $756 in Athens versus $1,096 in Torshavn. Housing is usually the single largest factor when comparing overall living costs between the two.

Dining out is cheaper in Athens – a meal for two runs $66.0 versus $152 in Torshavn. If you eat out regularly, this makes a real dent in your monthly spending.

All in, you'll spend $1,806 per month in Athens versus $2,524 in Torshavn – a 40% gap that adds up to real savings over time for anyone picking the cheaper option.

At $1,806 in Athens versus $2,524 in Torshavn, a $2,000 budget is realistic in Athens but tight or insufficient in Torshavn. The gap between the two cities makes Athens the clear choice for anyone on this budget.

Both work as nomad bases, but Athens delivers better value – similar infrastructure at $1,806 monthly. If stretching your runway or maximizing savings is the goal, the price difference makes Athens hard to pass up.

Safety-wise, Athens and Torshavn are on par. Petty crime is typical for cities this size, and most residents feel comfortable going about their daily routines in either place.

Expats usually find Athens gentler on the wallet – expenses run 40% less than in Torshavn. Beyond cost, consider language, visa policies, and how big the international community is in each city.