Last update: Oct 2026

Cost of Living Comparison Between Australia and the Faroe Islands

Name: Faroe Islands
Address: FO

For one person, living costs are similar in Australia and in the Faroe Islands: $2,626 and $2,563 a month, rent and utilities included.

125

Cost of Living Index in Australia
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Australia Living Index
122

Cost of Living Index in the Faroe Islands
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Faroe Islands Living Index

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🇦🇺 Australia

$2,626

/mo nomad

🇫🇴 Faroe Islands

$2,563

/mo nomad

Monthly Cost of Living

How much you'll spend in Australia and in the Faroe Islands

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

A single person spends $2,626 per month in Australia vs $2,563 in the Faroe Islands, rent included.

Australia $2,626
Faroe Islands $2,563

A couple spends around $3,810 per month in Australia vs $4,002 in the Faroe Islands, rent included.

Australia $3,810
Faroe Islands $4,002

A family of three spends $4,994 per month in Australia vs $5,440 in the Faroe Islands, rent included.

Australia $4,994
Faroe Islands $5,440

Cost ranges are similar: Australia spans $1,068–$3,303, the Faroe Islands $206–$2,522. City choice affects budget similarly in either country.

The cost of living in Australia and in the Faroe Islands is about the same on average.

Both Australia and the Faroe Islands are pricier than the global median – Australia by 93%, the Faroe Islands by 88%.

Meal at Budget Restaurant

$17.65 A$25.09

$30.27 FOK 203

-41.69%

Three-Course Dinner for Two, Mid-Range

$85.2 A$121

$147 FOK 984

-41.92%

Fast Food Meal (McDonalds, etc)

$11.09 A$15.77

$20.18 FOK 135

-45.04%

Cappuccino

$3.90 A$5.54

$6.71 FOK 44.99

-41.88%

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

$2.85 A$4.05

$2.99 FOK 20.05

-4.68%

Water (0.33 liter bottle)

$2.31 A$3.29

$2.24 FOK 15.02

3.12%

Local Beer (0.5 liter draught)

$7.53 A$10.70

$9.23 FOK 61.9

-18.42%

Imported Beer (0.33 liter bottle)

$8.59 A$12.21

$9.16 FOK 61.5

-6.22%

Milk (1 liter)

$1.76 A$2.50

$2.22 FOK 14.90

-20.72%

White Bread (500g)

$2.81 A$3.99

$7.19 FOK 48.28

-60.92%

Rice (white) (1kg)

$2.24 A$3.19

$4.16 FOK 27.94

-46.15%

Eggs

$5.02 A$7.14

$6.23 FOK 41.82

-19.42%

Local Cheese (1kg)

$9.87 A$14.03

$16.52 FOK 111

-40.25%

Chicken Fillets (1kg)

$9.32 A$13.25

$14.26 FOK 95.7

-34.64%

Beef Round Steak (1kg)

$14.86 A$21.13

$17.83 FOK 120

-16.66%

Apples (1kg)

$3.82 A$5.43

$4.12 FOK 27.62

-7.28%

Banana (1kg)

$2.92 A$4.16

$5.38 FOK 36.10

-45.72%

Oranges (1kg)

$3.13 A$4.46

$5.82 FOK 39.08

-46.22%

Tomato (1kg)

$4.81 A$6.84

$5.27 FOK 35.35

-8.73%

Potato (1kg)

$2.80 A$3.98

$3.62 FOK 24.28

-22.65%

Onion (1kg)

$2.38 A$3.38

$4.68 FOK 31.40

-49.15%

Lettuce (1 head)

$2.37 A$3.37

$3.26 FOK 21.85

-27.30%

Water (1.5 liter bottle)

$1.65 A$2.35

$3.77 FOK 25.31

-56.23%

Cigarettes 20 Pack (Marlboro, Camel)

$39.13 A$55.6

$10.65 FOK 71.4

267.42%

Wine (Bottle)

$13.93 A$19.80

$12.63 FOK 84.8

10.29%

Local Beer (0.5 liter bottle)

$4.96 A$7.05

$3.08 FOK 20.66

61.04%

Imported Beer (0.33 liter bottle)

$5.17 A$7.35

$2.45 FOK 16.42

111.02%

One-way Ticket (Public Transport)

$2.42 A$3.44

Public Transport Monthly Pass (Regular Price)

$94.6 A$135

$29.31 FOK 197

222.79%

Taxi Start (Normal Tariff)

$3.49 A$4.97

$11.84 FOK 79.5

-70.52%

Taxi (Normal Tariff) (1km)

$1.60 A$2.27

Taxi 1hour Waiting (Normal Tariff)

$39.84 A$56.7

Gasoline (1 liter)

$1.39 A$1.97

$1.82 FOK 12.21

-23.63%

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

$30.0K A$42.7K

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

$25.8K A$36.6K

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

$205 A$292

$130 FOK 869

58.25%

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

$28.33 A$40.29

$43.43 FOK 291

-34.77%

Internet (50+ Mbps, Unlimited Data)

$58.8 A$83.6

$78.3 FOK 525

-24.93%

Gym Membership (Monthly)

$55.7 A$79.1

$50.7 FOK 340

9.68%

Tennis Court (1 Hour on Weekend)

$19.57 A$27.83

Cinema Ticket

$15.38 A$21.86

$15.95 FOK 107

-3.57%

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

$2,145 A$3,050

$490 FOK 3,287

337.93%

International Primary School, 1 Child (Yearly)

$18.3K A$26.1K

Jeans (Levis 501 Or Similar)

$78.3 A$111

$140 FOK 938

-43.96%

Summer Dress (H&M, Zara, etc)

$56.3 A$80.0

$59.2 FOK 397

-4.98%

Sport Shoes (Adidas, Nike)

$115 A$164

$163 FOK 1,096

-29.55%

Men's Leather Business Shoes

$123 A$175

$249 FOK 1,668

-50.46%

1-bedroom Apartment, City Center (Monthly)

$1,591 A$2,262

$1,065 FOK 7,143

49.45%

1-bedroom Apartment, Outside City Center (Monthly)

$1,293 A$1,838

$908 FOK 6,094

42.33%

3-bedroom Apartment, City Center (Monthly)

$2,524 A$3,589

$1,887 FOK 12.7K

33.77%

3-bedroom Apartment, Outside City Center (Monthly)

$2,005 A$2,851

$1,367 FOK 9,171

46.71%

Buy Apartment in City Center (m2)

$8,751 A$12.4K

$4,606 FOK 30.9K

90.01%

Buy Apartment Outside City Center (m2)

$6,260 A$8,901

$4,556 FOK 30.6K

37.41%

Average Monthly Net Salary (After Tax)

$3,984 A$5,664

$2,265 FOK 15.2K

75.86%

20-Year Fixed Mortgage Interest Rate (Annual %)

5.93

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

Last update for Australia: October 27, 2026

Last update for the Faroe Islands: October 27, 2026

Monthly budget structure

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

Accommodation & Living

Australia

$1.3K 49.2%

Faroe Islands

$908 35.4% 29.7% $384

Groceries & Markets

Australia

$374 14.3%

Faroe Islands

$537 20.9% 43.4% $163

Eating Out

Australia

$297 11.3%

Faroe Islands

$469 18.3% 57.9% $172

Monthly Utilities & Internet

Australia

$292 11.1%

Faroe Islands

$251 9.8% 14% $41

Clothing & Footwear

Australia

$168 6.4%

Faroe Islands

$275 10.7% 63.9% $107

Getting Around

Australia

$116 4.4%

Faroe Islands

$41 * 1.6% 64.4% $75

Sport & Entertainment

Australia

$86 3.3%

Faroe Islands

$83 3.2% 4.4% $3.8

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

Cost Breakdown

Average rent: $1,383 in Australia vs $1,063 in the Faroe Islands. For reference, capital cities sit at $1,749 in Canberra and $1,063 in Torshavn.

Average salary: $3,874 in Australia vs $2,138 in the Faroe Islands. The income gap affects purchasing power and how far your budget stretches in each country.

Cost Highlights

Rent is 30% higher in Australia.

Dining out costs 80% more in the Faroe Islands.

Public transport is 180% more expensive in Australia.

Salaries are 81% higher in Australia, and purchasing power comes out stronger in Australia.

Good to know

🇦🇺 Australia

🇫🇴 Faroe Islands

🕒 Local time

03:45 3:45 AM

16:45 4:45 PM

11 h behind Australia

🌤 Weather

👥 Population

26,473,055

54,149

💱 Currency

Australian Dollar AUD $

Faroese Króna FOK kr

📈 Exchange rate

1 AUD = 0.703 USD

1 AUD = 0.63 EUR

1 FOK = 0.149 USD

1 FOK = 0.134 EUR

Exchange rates and currency converter

FOK, USD, EUR to AUD – Australian Dollar Converter

🇺🇸 United States Dollar ($)

🇦🇺 Australian Dollar ($)

Australian Dollar exchange rates as of October 29, 2026: 1 USD = 1.42 AUD (1 AUD = 0.703 USD). 1 EUR = 1.59 AUD (1 AUD = 0.63 EUR).

Faroese Króna exchange rates as of October 29, 2026: 1 USD = 6.71 FOK (1 FOK = 0.149 USD). 1 EUR = 7.49 FOK (1 FOK = 0.134 EUR).

USD to AUD in detail →

On the map

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Between locations

Australia Faroe Islands 16,600 km ≈ 21 h nonstop flight

From you

Australia
Faroe Islands

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

Australia vs Faroe Islands: Cost of Living - Frequently Asked Questions

Housing costs more in Australia: a central one-bedroom averages $1,383 versus $1,063 in the Faroe Islands.

The Faroe Islands is the budget-friendly choice for expats. But cost isn’t everything: visa policies, language, healthcare quality, and job markets all weigh in too.