Last update: Oct 2026

Cost of Living Comparison Between Austin, TX and Torshavn

For one person, living is cheaper in Torshavn: $2,524 a month against $2,704 in Austin, TX, rent and utilities included – about $2,200 less a year. Higher rent and utilities in Austin, TX outweigh lower spending on other living expenses.

129

Cost of Living Index in Austin, TX
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Austin, TX Living Index
123

Cost of Living Index in Torshavn
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Torshavn Living Index

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Austin, TX

🇺🇸 United States

$2,704

/mo nomad

Torshavn

🇫🇴 Faroe Islands

$2,524

/mo nomad

Monthly Cost of Living

How much you'll spend in Austin, TX 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 Austin, TX and in Torshavn actually costs, broken down by who's living it.

Monthly costs for one person with rent: $2,704 in Austin, TX versus $2,524 in Torshavn.

Austin, TX $2,704
Torshavn $2,524

Estimated couple costs with rent: $4,133 in Austin, TX versus $3,982 in Torshavn.

Austin, TX $4,133
Torshavn $3,982

Monthly costs for a family of three with rent: $5,562 in Austin, TX versus $5,441 in Torshavn.

Austin, TX $5,562
Torshavn $5,441

Living in Austin, TX is roughly 7% more expensive than in Torshavn, and outside of rent the biggest gap is in clothing.

Both cities are pricier than the global median: Austin, TX 102% above, Torshavn 88% above.

Meal at Budget Restaurant

$20.22 $20.22

$26.65 FOK 178

-24.13%

Three-Course Dinner for Two, Mid-Range

$85.0 $85.0

$152 FOK 1,012

-43.87%

Fast Food Meal (McDonalds, etc)

$12.35 $12.35

$19.79 FOK 132

-37.59%

Cappuccino

$5.47 $5.47

$6.96 FOK 46.49

-21.41%

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

$3.82 $3.82

$3.16 FOK 21.11

20.89%

Water (0.33 liter bottle)

$2.50 $2.50

$2.69 FOK 17.99

-7.06%

Local Beer (0.5 liter draught)

$8.06 $8.06

$9.37 FOK 62.6

-13.98%

Imported Beer (0.33 liter bottle)

$8.99 $8.99

$9.12 FOK 61.0

-1.43%

Milk (1 liter)

$1.13 $1.13

$2.33 FOK 15.54

-51.50%

White Bread (500g)

$3.78 $3.78

$4.87 FOK 32.53

-22.38%

Rice (white) (1kg)

$3.25 $3.25

$2.99 FOK 19.95

8.70%

Eggs

$4.14 $4.14

$6.55 FOK 43.77

-36.79%

Local Cheese (1kg)

$13.08 $13.08

$16.45 FOK 110

-20.49%

Chicken Fillets (1kg)

$14.31 $14.31

$14.33 FOK 95.7

-0.14%

Beef Round Steak (1kg)

$15.96 $15.96

$17.73 FOK 118

-9.98%

Apples (1kg)

$4.38 $4.38

$4.09 FOK 27.31

7.09%

Banana (1kg)

$1.45 $1.45

$5.66 FOK 37.84

-74.38%

Oranges (1kg)

$4.54 $4.54

$5.93 FOK 39.62

-23.44%

Tomato (1kg)

$4.19 $4.19

$5.21 FOK 34.80

-19.58%

Potato (1kg)

$2.63 $2.63

$3.66 FOK 24.47

-28.14%

Onion (1kg)

$2.36 $2.36

$4.63 FOK 30.95

-49.03%

Lettuce (1 head)

$1.76 $1.76

$3.21 FOK 21.44

-45.17%

Water (1.5 liter bottle)

$2.16 $2.16

$3.84 FOK 25.65

-43.75%

Cigarettes 20 Pack (Marlboro, Camel)

$9.81 $9.81

$11.14 FOK 74.4

-11.94%

Wine (Bottle)

$14.72 $14.72

$13.77 FOK 92.0

6.90%

Local Beer (0.5 liter bottle)

$2.78 $2.78

$4.13 FOK 27.60

-32.69%

Imported Beer (0.33 liter bottle)

$3.48 $3.48

$2.93 FOK 19.57

18.77%

One-way Ticket (Public Transport)

$1.49 $1.49

Public Transport Monthly Pass (Regular Price)

$40.51 $40.51

$30.56 FOK 204

32.56%

Taxi Start (Normal Tariff)

$2.67 $2.67

$15.18 FOK 101

-82.41%

Taxi (Normal Tariff) (1km)

$1.58 $1.58

Taxi 1hour Waiting (Normal Tariff)

$35.29 $35.29

Gasoline (1 liter)

$0.99 $0.99

$1.70 FOK 11.36

-41.76%

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

$35.8K $35.8K

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

$27.2K $27.2K

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

$219 $219

$130 FOK 865

69.24%

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

$58.0 $58.0

$44.35 FOK 296

30.76%

Internet (50+ Mbps, Unlimited Data)

$68.4 $68.4

$90.9 FOK 607

-24.77%

Gym Membership (Monthly)

$57.9 $57.9

$55.3 FOK 370

4.63%

Tennis Court (1 Hour on Weekend)

$14.82 $14.82

Cinema Ticket

$14.13 $14.13

$16.05 FOK 107

-11.96%

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

$1,509 $1,509

$489 FOK 3,270

208.30%

International Primary School, 1 Child (Yearly)

$21.5K $21.5K

Jeans (Levis 501 Or Similar)

$51.7 $51.7

$141 FOK 944

-63.43%

Summer Dress (H&M, Zara, etc)

$44.05 $44.05

$59.4 FOK 397

-25.82%

Sport Shoes (Adidas, Nike)

$85.1 $85.1

$166 FOK 1,108

-48.72%

Men's Leather Business Shoes

$105 $105

$248 FOK 1,655

-57.49%

1-bedroom Apartment, City Center (Monthly)

$1,932 $1,932

$1,096 FOK 7,324

76.24%

1-bedroom Apartment, Outside City Center (Monthly)

$1,272 $1,272

$890 FOK 5,947

42.91%

3-bedroom Apartment, City Center (Monthly)

$3,670 $3,670

$1,842 FOK 12.3K

99.28%

3-bedroom Apartment, Outside City Center (Monthly)

$2,525 $2,525

$1,411 FOK 9,425

78.96%

Buy Apartment in City Center (m2)

$7,617 $7,617

$4,520 FOK 30.2K

68.51%

Buy Apartment Outside City Center (m2)

$3,199 $3,199

$4,718 FOK 31.5K

-32.18%

Average Monthly Net Salary (After Tax)

$5,105 $5,105

$3,205 FOK 21.4K

59.26%

20-Year Fixed Mortgage Interest Rate (Annual %)

6.79

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

Last update for Austin, TX: 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

Austin, TX

$1.3K 48.2%

Torshavn

$890 35.2% 30% $382

Groceries & Markets

Austin, TX

$403 15.3%

Torshavn

$522 20.6% 29.5% $119

Eating Out

Austin, TX

$348 13.2%

Torshavn

$445 17.6% 27.7% $97

Monthly Utilities & Internet

Austin, TX

$346 13.1%

Torshavn

$265 10.5% 23.4% $81

Clothing & Footwear

Austin, TX

$129 4.9%

Torshavn

$276 10.9% 115% $148

Sport & Entertainment

Austin, TX

$86 3.3%

Torshavn

$87 3.5% 1.5% $1.3

Getting Around

Austin, TX

$57 2.2%

Torshavn

$46 * 1.8% 19.8% $11

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 $1,932 in Austin, TX and $1,096 in Torshavn. Housing cost is often the main lever when comparing two cities.

Austin, TX pays 59% 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: $85.0 in Austin, TX vs $152 in Torshavn for a mid-range dinner for two. Groceries echo the gap at $403 vs $522 per month, with Austin, TX cheaper across the board.

Good to know

🇺🇸 Austin, TX

🇫🇴 Torshavn

🕒 Local time

06:28 6:28 AM

12:28 12:28 PM

6 h ahead of Austin, TX

🌤 Weather

👥 Population

974,447

14,145 Capital

💱 Currency

United States Dollar USD $

Faroese Króna FOK kr

📈 Exchange rate

1 USD = 0.892 EUR

1 FOK = 0.15 USD

1 FOK = 0.134 EUR

Exchange rates and currency converter

FOK, EUR to USD – United States Dollar Converter

🇫🇴 Faroese Króna (kr)

🇺🇸 United States Dollar ($)

United States Dollar exchange rates as of October 10, 2026: 1 EUR = 1.12 USD (1 USD = 0.892 EUR).

Faroese Króna exchange rates as of October 10, 2026: 1 USD = 6.68 FOK (1 FOK = 0.15 USD). 1 EUR = 7.49 FOK (1 FOK = 0.134 EUR).

FOK to USD in detail →

On the map

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Between locations

Austin, TX Torshavn 7,120 km ≈ 9 h nonstop flight

From you

Austin, TX
Torshavn

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

Austin, TX vs Torshavn: Cost of Living - Frequently Asked Questions

Torshavn wins on cost – living expenses run 7% lower than in Austin, TX. Housing and daily spending are where you'll feel the difference most, making Torshavn the obvious pick if budget is a priority.

Average pay runs 59% higher in Austin, TX, which matters when comparing affordability. Whether that higher income actually nets you more depends on your spending habits and housing choices.

Rent for a central apartment: $1,932 in Austin, TX versus $1,096 in Torshavn. Housing is usually the single largest factor when comparing overall living costs between the two.

All in, you'll spend $2,704 per month in Austin, TX versus $2,524 in Torshavn – a 7% gap that adds up to real savings over time for anyone picking the cheaper option.

A monthly transit pass in Torshavn runs roughly 33% less than in Austin, TX. Both cities have functional networks, but the price difference matters if you're watching your budget.

Both cities are expensive relative to $3,000. Torshavn is the more realistic option, but even there you'll need to be disciplined with housing, food, and fun money.

Both work as nomad bases, but Torshavn delivers better value – similar infrastructure at $2,524 monthly. If stretching your runway or maximizing savings is the goal, the price difference makes Torshavn hard to pass up.

Safety-wise, Austin, TX 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 Torshavn gentler on the wallet – expenses run 7% less than in Austin, TX. Beyond cost, consider language, visa policies, and how big the international community is in each city.