Last update: Oct 2026

Cost of Living Comparison Between Da Nang and Torshavn

For one person, living is cheaper in Da Nang: $889 a month against $2,522 in Torshavn, rent and utilities included – about $19,600 less a year. Other living expenses account for most of the difference.

42

Cost of Living Index in Da Nang
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Da Nang Living Index
121

Cost of Living Index in Torshavn
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Torshavn Living Index

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Da Nang

🇻🇳 Vietnam

$889

/mo nomad

Torshavn

🇫🇴 Faroe Islands

$2,522

/mo nomad

Monthly Cost of Living

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

A single person spends $889 per month in Da Nang vs $2,522 in Torshavn, rent included.

Da Nang $889
Torshavn $2,522

A couple spends around $1,426 per month in Da Nang vs $3,962 in Torshavn, rent included.

Da Nang $1,426
Torshavn $3,962

A family of three spends $1,963 per month in Da Nang vs $5,402 in Torshavn, rent included.

Da Nang $1,963
Torshavn $5,402

Da Nang is about 65% cheaper than Torshavn, and outside of rent the biggest gap is in eating out.

Da Nang sits 35% below the global median, while Torshavn is 85% above – they fall on opposite sides of the world average.

Meal at Budget Restaurant

$2.17 ₫56.0K

$26.13 FOK 175

-91.70%

Three-Course Dinner for Two, Mid-Range

$19.53 ₫504.0K

$151 FOK 1,015

-87.11%

Fast Food Meal (McDonalds, etc)

$4.53 ₫117.0K

$20.09 FOK 135

-77.45%

Cappuccino

$1.64 ₫42.4K

$6.84 FOK 45.80

-76.02%

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

$0.60 ₫15.6K

$3.29 FOK 22.04

-81.76%

Water (0.33 liter bottle)

$0.34 ₫8,901

$2.57 FOK 17.24

-86.77%

Local Beer (0.5 liter draught)

$1.33 ₫34.4K

$9.66 FOK 64.7

-86.23%

Imported Beer (0.33 liter bottle)

$2.36 ₫61.0K

$8.77 FOK 58.7

-73.09%

Milk (1 liter)

$1.60 ₫41.2K

$2.24 FOK 15.02

-28.57%

White Bread (500g)

$1.20 ₫31.0K

$4.91 FOK 32.87

-75.56%

Rice (white) (1kg)

$1.05 ₫27.1K

$3.02 FOK 20.27

-65.23%

Eggs

$1.52 ₫39.3K

$6.47 FOK 43.33

-76.51%

Local Cheese (1kg)

$12.82 ₫330.7K

$16.24 FOK 109

-21.06%

Chicken Fillets (1kg)

$4.17 ₫107.5K

$14.43 FOK 96.7

-71.10%

Beef Round Steak (1kg)

$9.33 ₫240.6K

$18.00 FOK 121

-48.17%

Apples (1kg)

$2.60 ₫67.2K

$4.01 FOK 26.87

-35.16%

Banana (1kg)

$1.21 ₫31.3K

$5.43 FOK 36.38

-77.72%

Oranges (1kg)

$1.28 ₫33.1K

$6.12 FOK 41.02

-79.08%

Tomato (1kg)

$1.57 ₫40.5K

$5.21 FOK 34.91

-69.87%

Potato (1kg)

$1.20 ₫31.0K

$3.69 FOK 24.71

-67.48%

Onion (1kg)

$1.31 ₫33.9K

$4.60 FOK 30.85

-71.52%

Lettuce (1 head)

$1.04 ₫26.9K

$3.26 FOK 21.83

-68.10%

Water (1.5 liter bottle)

$0.49 ₫12.7K

$3.72 FOK 24.93

-86.83%

Cigarettes 20 Pack (Marlboro, Camel)

$1.51 ₫39.0K

$11.23 FOK 75.3

-86.55%

Wine (Bottle)

$7.97 ₫205.6K

$13.61 FOK 91.2

-41.44%

Local Beer (0.5 liter bottle)

$0.93 ₫24.0K

$3.96 FOK 26.54

-76.52%

Imported Beer (0.33 liter bottle)

$2.18 ₫56.3K

$2.91 FOK 19.49

-25.09%

One-way Ticket (Public Transport)

$0.30 ₫7,693

Public Transport Monthly Pass (Regular Price)

$6.31 ₫162.7K

$30.30 FOK 203

-79.17%

Taxi Start (Normal Tariff)

$1.04 ₫26.8K

$15.22 FOK 102

-93.17%

Taxi (Normal Tariff) (1km)

$0.57 ₫14.6K

Taxi 1hour Waiting (Normal Tariff)

$19.27 ₫497.1K

Gasoline (1 liter)

$0.91 ₫23.4K

$1.72 FOK 11.55

-47.09%

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

$30.8K ₫795.4M

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

$28.4K ₫732.2M

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

$78.5 ₫2.0M

$130 FOK 871

-39.62%

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

$6.35 ₫163.9K

$43.07 FOK 289

-85.26%

Internet (50+ Mbps, Unlimited Data)

$8.33 ₫214.9K

$88.6 FOK 593

-90.60%

Gym Membership (Monthly)

$27.08 ₫698.6K

$54.4 FOK 364

-50.21%

Tennis Court (1 Hour on Weekend)

$5.32 ₫137.2K

Cinema Ticket

$3.37 ₫86.8K

$16.11 FOK 108

-79.08%

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

$423 ₫10.9M

$484 FOK 3,241

-12.55%

International Primary School, 1 Child (Yearly)

$15.1K ₫389.5M

Jeans (Levis 501 Or Similar)

$45.19 ₫1.2M

$140 FOK 937

-67.69%

Summer Dress (H&M, Zara, etc)

$27.75 ₫716.1K

$59.0 FOK 395

-52.98%

Sport Shoes (Adidas, Nike)

$101 ₫2.6M

$163 FOK 1,095

-38.42%

Men's Leather Business Shoes

$82.8 ₫2.1M

$245 FOK 1,644

-66.25%

1-bedroom Apartment, City Center (Monthly)

$553 ₫14.3M

$1,063 FOK 7,125

-47.97%

1-bedroom Apartment, Outside City Center (Monthly)

$369 ₫9.5M

$896 FOK 6,002

-58.79%

3-bedroom Apartment, City Center (Monthly)

$1,228 ₫31.7M

$1,871 FOK 12.5K

-34.39%

3-bedroom Apartment, Outside City Center (Monthly)

$821 ₫21.2M

$1,390 FOK 9,312

-40.93%

Buy Apartment in City Center (m2)

$3,858 ₫99.5M

$4,516 FOK 30.3K

-14.58%

Buy Apartment Outside City Center (m2)

$1,877 ₫48.4M

$4,556 FOK 30.5K

-58.80%

Average Monthly Net Salary (After Tax)

$362 ₫9.4M

$3,191 FOK 21.4K

-88.64%

20-Year Fixed Mortgage Interest Rate (Annual %)

10.72

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

Last update for Da Nang: October 25, 2026

Last update for Torshavn: October 25, 2026

Monthly budget structure

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

Accommodation & Living

Da Nang

$369 41.5%

Torshavn

$896 35.5% 143% $527

Groceries & Markets

Da Nang

$200 22.5%

Torshavn

$518 20.6% 159% $318

Clothing & Footwear

Da Nang

$115 13%

Torshavn

$273 10.8% 137% $158

Monthly Utilities & Internet

Da Nang

$93 10.5%

Torshavn

$262 10.4% 181% $169

Eating Out

Da Nang

$66 7.4%

Torshavn

$441 17.5% 569% $375

Sport & Entertainment

Da Nang

$34 3.8%

Torshavn

$87 3.4% 156% $53

Getting Around

Da Nang

$11 1.3%

Torshavn

$46 * 1.8% 300% $34

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

Cost Breakdown

A central one-bedroom costs $553 in Da Nang versus $1,063 in Torshavn. Rent is usually the largest line item in a monthly budget, so the gap here sets the tone for the overall comparison.

Salaries in Torshavn are about 8.8 times higher. Purchasing power depends on which expenses matter most to you.

A mid-range dinner for two costs $20 in Da Nang versus $151 in Torshavn. Monthly groceries follow the same trend: $200 vs $518 – making Da Nang the more affordable choice for daily food spending.

Good to know

🇻🇳 Da Nang

🇫🇴 Torshavn

🕒 Local time

21:45 9:45 PM

14:45 2:45 PM

7 h behind Da Nang

🌤 Weather

👥 Population

1,245,200

14,145 Capital

💱 Currency

Vietnamese Dong VND ₫

Faroese Króna FOK kr

📈 Exchange rate

100,000 VND = 3.88 USD

100,000 VND = 3.47 EUR

1 FOK = 0.149 USD

1 FOK = 0.134 EUR

Exchange rates and currency converter

FOK, USD, EUR to VND – Vietnamese Dong Converter

🇺🇸 United States Dollar ($)

🇻🇳 Vietnamese Dong (₫)

Vietnamese Dong exchange rates as of November 2, 2026: 1 USD = 25,802 VND (100,000 VND = 3.88 USD). 1 EUR = 28,794 VND (100,000 VND = 3.47 EUR).

Faroese Króna exchange rates as of November 2, 2026: 1 USD = 6.7 FOK (1 FOK = 0.149 USD). 1 EUR = 7.48 FOK (1 FOK = 0.134 EUR).

USD to VND in detail →

On the map

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Highest

Between locations

Da Nang Torshavn 9,660 km ≈ 13 h nonstop flight

From you

Da Nang
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

Da Nang vs Torshavn: Cost of Living - Frequently Asked Questions

Monthly costs with rent: $889 in Da Nang, $2,522 in Torshavn – Da Nang comes out roughly 65% cheaper. Outside of rent, the biggest gap is in eating out.

For a comfortable life, plan on about $1,333 per month in Da Nang and $3,783 in Torshavn. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

Rent is clearly cheaper in Da Nang, especially for central apartments: a one-bedroom in the center costs $553 there versus $1,063 in Torshavn.

Groceries cost about 159% more in Torshavn, though the gap depends on what you buy.

A mid-range dinner for two costs $20 in Da Nang and $151 in Torshavn. That’s a good indicator of the overall restaurant and café pricing gap between the two cities.

A $1,200 monthly budget goes further in Da Nang, where all-in costs run around $889, than in Torshavn at $2,522. In Da Nang it covers expenses comfortably, while in Torshavn it requires careful planning or may not stretch far enough.

It depends on your priorities. Da Nang has an edge in some lifestyle areas, with costs from $889 in Da Nang to $2,522 in Torshavn. Climate, culture, job market, and personal taste all factor in.

Both cities have a reputation for safety. In either place, the choice of neighborhood matters more than the choice between the two cities.

If budget matters most, go with Da Nang. If higher salaries or specific career opportunities are the priority, Torshavn makes more sense. Both are solid long-term options with distinct trade-offs.