Last update: Oct 2026

Cost of Living Comparison Between the Faroe Islands and Budapest

For one person, living is cheaper in Budapest: $1,621 a month against $2,583 in the Faroe Islands, rent and utilities included – about $11,500 less a year. Other living expenses account for most of the difference.

124

Cost of Living Index in the Faroe Islands
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Faroe Islands Living Index
79

Cost of Living Index in Budapest
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Budapest Living Index

Jump to prices

🇫🇴 Faroe Islands

$2,583

/mo nomad

Budapest

🇭🇺 Hungary

$1,621

/mo nomad

😐 Solo nomad: The Faroe Islands is 80.7% more expensive than Budapest without rent, and 59.3% more expensive with rent.

😐 Family of 3: The Faroe Islands is 111.7% more expensive than Budapest without rent, and 56.2% more expensive with rent.

Meal at Budget Restaurant

$30.20 FOK 202

$13.99 Ft 4,551

115.87%

Three-Course Dinner for Two, Mid-Range

$148 FOK 989

$60.3 Ft 19.6K

145.46%

Fast Food Meal (McDonalds, etc)

$20.09 FOK 134

$9.96 Ft 3,241

101.71%

Cappuccino

$6.50 FOK 43.44

$3.38 Ft 1,100

92.31%

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

$2.97 FOK 19.86

$2.13 Ft 692

39.44%

Water (0.33 liter bottle)

$2.20 FOK 14.71

$1.87 Ft 608

17.65%

Local Beer (0.5 liter draught)

$9.25 FOK 61.8

$3.75 Ft 1,221

146.67%

Imported Beer (0.33 liter bottle)

$8.94 FOK 59.8

$3.57 Ft 1,162

150.42%

Milk (1 liter)

$2.30 FOK 15.39

$1.13 Ft 368

103.54%

White Bread (500g)

$7.07 FOK 47.25

$1.84 Ft 599

284.24%

Rice (white) (1kg)

$4.25 FOK 28.39

$2.39 Ft 777

77.82%

Eggs

$6.48 FOK 43.30

$3.83 Ft 1,245

69.19%

Local Cheese (1kg)

$16.30 FOK 109

$11.33 Ft 3,686

43.87%

Chicken Fillets (1kg)

$14.33 FOK 95.7

$6.74 Ft 2,192

112.61%

Beef Round Steak (1kg)

$18.20 FOK 122

$14.69 Ft 4,780

23.89%

Apples (1kg)

$4.16 FOK 27.77

$1.84 Ft 597

126.09%

Banana (1kg)

$5.45 FOK 36.40

$2.01 Ft 653

171.14%

Oranges (1kg)

$6.18 FOK 41.30

$2.36 Ft 767

161.86%

Tomato (1kg)

$5.15 FOK 34.40

$3.77 Ft 1,226

36.60%

Potato (1kg)

$3.60 FOK 24.06

$0.96 Ft 313

275.00%

Onion (1kg)

$4.51 FOK 30.15

$1.03 Ft 334

337.86%

Lettuce (1 head)

$3.38 FOK 22.58

$1.56 Ft 509

116.67%

Water (1.5 liter bottle)

$3.82 FOK 25.52

$0.66 Ft 216

478.79%

Cigarettes 20 Pack (Marlboro, Camel)

$10.69 FOK 71.4

$7.96 Ft 2,591

34.30%

Wine (Bottle)

$12.97 FOK 86.6

$6.01 Ft 1,954

115.81%

Local Beer (0.5 liter bottle)

$3.12 FOK 20.81

$1.30 Ft 421

140.00%

Imported Beer (0.33 liter bottle)

$2.38 FOK 15.88

$2.08 Ft 676

14.42%

One-way Ticket (Public Transport)

$1.50 Ft 489

Public Transport Monthly Pass (Regular Price)

$30.06 FOK 201

$27.61 Ft 8,982

8.87%

Taxi Start (Normal Tariff)

$12.20 FOK 81.5

$3.30 Ft 1,074

269.70%

Taxi (Normal Tariff) (1km)

$1.30 Ft 424

Taxi 1hour Waiting (Normal Tariff)

$19.78 Ft 6,436

Gasoline (1 liter)

$1.76 FOK 11.77

$1.81 Ft 591

-2.76%

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

$29.3K Ft 9.5M

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

$34.1K Ft 11.1M

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

$127 FOK 846

$170 Ft 55.3K

-25.47%

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

$44.12 FOK 295

$23.98 Ft 7,802

83.99%

Internet (50+ Mbps, Unlimited Data)

$79.0 FOK 528

$23.42 Ft 7,621

237.45%

Gym Membership (Monthly)

$51.4 FOK 343

$66.2 Ft 21.6K

-22.48%

Tennis Court (1 Hour on Weekend)

$19.18 Ft 6,239

Cinema Ticket

$15.69 FOK 105

$9.52 Ft 3,098

64.81%

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

$489 FOK 3,269

$537 Ft 174.6K

-8.82%

International Primary School, 1 Child (Yearly)

$16.6K Ft 5.4M

Jeans (Levis 501 Or Similar)

$141 FOK 939

$101 Ft 33.0K

38.75%

Summer Dress (H&M, Zara, etc)

$60.9 FOK 407

$42.99 Ft 14.0K

41.66%

Sport Shoes (Adidas, Nike)

$170 FOK 1,135

$113 Ft 36.7K

50.74%

Men's Leather Business Shoes

$243 FOK 1,626

$119 Ft 38.6K

104.96%

1-bedroom Apartment, City Center (Monthly)

$1,073 FOK 7,168

$805 Ft 262.0K

33.26%

1-bedroom Apartment, Outside City Center (Monthly)

$891 FOK 5,955

$629 Ft 204.7K

41.68%

3-bedroom Apartment, City Center (Monthly)

$1,905 FOK 12.7K

$1,549 Ft 504.1K

22.98%

3-bedroom Apartment, Outside City Center (Monthly)

$1,384 FOK 9,248

$1,167 Ft 379.7K

18.62%

Buy Apartment in City Center (m2)

$4,528 FOK 30.3K

$5,618 Ft 1.8M

-19.40%

Buy Apartment Outside City Center (m2)

$4,667 FOK 31.2K

$3,968 Ft 1.3M

17.62%

Average Monthly Net Salary (After Tax)

$2,274 FOK 15.2K

$1,626 Ft 529.0K

39.85%

20-Year Fixed Mortgage Interest Rate (Annual %)

6.43

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

Last update for the Faroe Islands: October 4, 2026

Last update for Budapest: October 5, 2026

Monthly budget structure

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

Accommodation & Living

Faroe Islands

$892 35%

Budapest

$629 38.7% 29.4% $262

Groceries & Markets

Faroe Islands

$541 21.2%

Budapest

$258 15.8% 52.4% $284

Eating Out

Faroe Islands

$465 18.2%

Budapest

$224 13.8% 51.8% $241

Clothing & Footwear

Faroe Islands

$277 10.9%

Budapest

$169 10.4% 38.9% $108

Monthly Utilities & Internet

Faroe Islands

$250 9.8%

Budapest

$217 13.4% 13% $32

Sport & Entertainment

Faroe Islands

$83 3.3%

Budapest

$85 5.2% 3.1% $2.6

Getting Around

Faroe Islands

$42 * 1.7%

Budapest

$43 2.7% 2.8% $1.2

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

Good to know

🇫🇴 Faroe Islands

🇭🇺 Budapest

🕒 Local time

08:22 8:22 AM

09:22 9:22 AM

1 h ahead of the Faroe Islands

🌤 Weather

👥 Population

54,149

1,686,222 Capital

💱 Currency

Faroese Króna FOK kr

Hungarian Forint HUF Ft

📈 Exchange rate

1 FOK = 0.15 USD

1 FOK = 0.133 EUR

1,000 HUF = 3.07 USD

1,000 HUF = 2.74 EUR

Exchange rates and currency converter

HUF, USD, EUR to FOK – Faroese Króna Converter

🇺🇸 United States Dollar ($)

🇫🇴 Faroese Króna (kr)

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 = 0.133 EUR).

Hungarian Forint exchange rates as of October 10, 2026: 1 USD = 325 HUF (1,000 HUF = 3.07 USD). 1 EUR = 365 HUF (1,000 HUF = 2.74 EUR).

USD to FOK in detail →

On the map

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Highest

Between locations

Faroe Islands Budapest 2,280 km ≈ 3 h 15 min nonstop flight

From you

Faroe Islands
Budapest

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 other spots: cost of living compared

Cost of Living Comparison Between the Faroe Islands and Budapest

HUF, USD, EUR to FOK – Faroese Króna Converter

City Median Internet Speeds Comparison (Updated April 2026)

Faroe Islands

Budapest

Faroe Islands

Budapest

Faroe Islands vs other spots: cost of living compared

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