Last update: Oct 2026

Cost of Living Comparison Between the Faroe Islands and Australia

Name: Australia
Address: AU

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

122

Cost of Living Index in the Faroe Islands
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Faroe Islands Living Index
125

Cost of Living Index in Australia
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Australia Living Index

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🇫🇴 Faroe Islands

$2,563

/mo nomad

🇦🇺 Australia

$2,626

/mo nomad

Monthly Cost of Living

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

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

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

Faroe Islands $2,563
Australia $2,626

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

Faroe Islands $4,002
Australia $3,810

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

Faroe Islands $5,440
Australia $4,994

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

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

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

Meal at Budget Restaurant

$30.27 FOK 203

$17.65 A$25.00

71.50%

Three-Course Dinner for Two, Mid-Range

$147 FOK 983

$85.2 A$121

72.19%

Fast Food Meal (McDonalds, etc)

$20.18 FOK 135

$11.09 A$15.71

81.97%

Cappuccino

$6.71 FOK 44.92

$3.90 A$5.52

72.05%

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

$2.99 FOK 20.02

$2.85 A$4.04

4.91%

Water (0.33 liter bottle)

$2.24 FOK 15.00

$2.31 A$3.28

-3.03%

Local Beer (0.5 liter draught)

$9.23 FOK 61.8

$7.53 A$10.66

22.58%

Imported Beer (0.33 liter bottle)

$9.16 FOK 61.4

$8.59 A$12.16

6.64%

Milk (1 liter)

$2.22 FOK 14.88

$1.76 A$2.49

26.14%

White Bread (500g)

$7.19 FOK 48.20

$2.81 A$3.98

155.87%

Rice (white) (1kg)

$4.16 FOK 27.89

$2.24 A$3.18

85.71%

Eggs

$6.23 FOK 41.76

$5.02 A$7.12

24.10%

Local Cheese (1kg)

$16.52 FOK 111

$9.87 A$13.98

67.38%

Chicken Fillets (1kg)

$14.26 FOK 95.6

$9.32 A$13.20

53.00%

Beef Round Steak (1kg)

$17.83 FOK 119

$14.86 A$21.05

19.99%

Apples (1kg)

$4.12 FOK 27.57

$3.82 A$5.41

7.85%

Banana (1kg)

$5.38 FOK 36.05

$2.92 A$4.14

84.25%

Oranges (1kg)

$5.82 FOK 39.02

$3.13 A$4.44

85.94%

Tomato (1kg)

$5.27 FOK 35.30

$4.81 A$6.81

9.56%

Potato (1kg)

$3.62 FOK 24.24

$2.80 A$3.97

29.29%

Onion (1kg)

$4.68 FOK 31.35

$2.38 A$3.37

96.64%

Lettuce (1 head)

$3.26 FOK 21.82

$2.37 A$3.36

37.55%

Water (1.5 liter bottle)

$3.77 FOK 25.28

$1.65 A$2.34

128.48%

Cigarettes 20 Pack (Marlboro, Camel)

$10.65 FOK 71.3

$39.13 A$55.4

-72.78%

Wine (Bottle)

$12.63 FOK 84.6

$13.93 A$19.73

-9.33%

Local Beer (0.5 liter bottle)

$3.08 FOK 20.63

$4.96 A$7.02

-37.90%

Imported Beer (0.33 liter bottle)

$2.45 FOK 16.39

$5.17 A$7.33

-52.61%

One-way Ticket (Public Transport)

$2.42 A$3.43

Public Transport Monthly Pass (Regular Price)

$29.31 FOK 196

$94.6 A$134

-69.02%

Taxi Start (Normal Tariff)

$11.84 FOK 79.3

$3.49 A$4.95

239.26%

Taxi (Normal Tariff) (1km)

$1.60 A$2.26

Taxi 1hour Waiting (Normal Tariff)

$39.84 A$56.4

Gasoline (1 liter)

$1.82 FOK 12.20

$1.39 A$1.97

30.94%

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

$30.0K A$42.5K

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

$25.8K A$36.5K

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

$130 FOK 868

$205 A$290

-36.81%

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

$43.43 FOK 291

$28.33 A$40.14

53.30%

Internet (50+ Mbps, Unlimited Data)

$78.3 FOK 525

$58.8 A$83.3

33.21%

Gym Membership (Monthly)

$50.7 FOK 340

$55.7 A$78.8

-8.82%

Tennis Court (1 Hour on Weekend)

$19.57 A$27.73

Cinema Ticket

$15.95 FOK 107

$15.38 A$21.78

3.71%

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

$490 FOK 3,282

$2,145 A$3,039

-77.17%

International Primary School, 1 Child (Yearly)

$18.3K A$26.0K

Jeans (Levis 501 Or Similar)

$140 FOK 936

$78.3 A$111

78.44%

Summer Dress (H&M, Zara, etc)

$59.2 FOK 397

$56.3 A$79.7

5.24%

Sport Shoes (Adidas, Nike)

$163 FOK 1,095

$115 A$163

41.94%

Men's Leather Business Shoes

$249 FOK 1,666

$123 A$174

101.88%

1-bedroom Apartment, City Center (Monthly)

$1,065 FOK 7,133

$1,591 A$2,254

-33.09%

1-bedroom Apartment, Outside City Center (Monthly)

$908 FOK 6,085

$1,293 A$1,831

-29.74%

3-bedroom Apartment, City Center (Monthly)

$1,887 FOK 12.6K

$2,524 A$3,576

-25.24%

3-bedroom Apartment, Outside City Center (Monthly)

$1,367 FOK 9,158

$2,005 A$2,841

-31.84%

Buy Apartment in City Center (m2)

$4,606 FOK 30.9K

$8,751 A$12.4K

-47.37%

Buy Apartment Outside City Center (m2)

$4,556 FOK 30.5K

$6,260 A$8,868

-27.23%

Average Monthly Net Salary (After Tax)

$2,265 FOK 15.2K

$3,984 A$5,644

-43.14%

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 the Faroe Islands: October 27, 2026

Last update for Australia: October 27, 2026

Monthly budget structure

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

Accommodation & Living

Faroe Islands

$908 35.4%

Australia

$1.3K 49.2% 42.3% $384

Groceries & Markets

Faroe Islands

$537 20.9%

Australia

$374 14.3% 30.3% $163

Eating Out

Faroe Islands

$469 18.3%

Australia

$297 11.3% 36.7% $172

Clothing & Footwear

Faroe Islands

$275 10.7%

Australia

$168 6.4% 39% $107

Monthly Utilities & Internet

Faroe Islands

$251 9.8%

Australia

$292 11.1% 16.3% $41

Sport & Entertainment

Faroe Islands

$83 3.2%

Australia

$86 3.3% 4.6% $3.8

Getting Around

Faroe Islands

$41 * 1.6%

Australia

$116 4.4% 181% $75

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

Cost Breakdown

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

Average salary: $2,138 in the Faroe Islands vs $3,874 in Australia. 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

🇫🇴 Faroe Islands

🇦🇺 Australia

🕒 Local time

09:11 9:11 AM

20:11 8:11 PM

11 h ahead of the Faroe Islands

🌤 Weather

👥 Population

54,149

26,473,055

💱 Currency

Faroese Króna FOK kr

Australian Dollar AUD $

📈 Exchange rate

1 FOK = 0.149 USD

1 FOK = 0.134 EUR

1 AUD = 0.706 USD

1 AUD = 0.633 EUR

Exchange rates and currency converter

AUD, USD, EUR to FOK – Faroese Króna Converter

🇺🇸 United States Dollar ($)

🇫🇴 Faroese Króna (kr)

Faroese Króna exchange rates as of October 29, 2026: 1 USD = 6.7 FOK (1 FOK = 0.149 USD). 1 EUR = 7.48 FOK (1 FOK = 0.134 EUR).

Australian Dollar exchange rates as of October 29, 2026: 1 USD = 1.42 AUD (1 AUD = 0.706 USD). 1 EUR = 1.58 AUD (1 AUD = 0.633 EUR).

USD to FOK in detail →

On the map

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Between locations

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

From you

Faroe Islands
Australia

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

Faroe Islands vs Australia: 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.