Cost of Living Comparison Between Faroe Islands and Italy Cost of Living Comparison Between Faroe Islands and Italy

Name: Italy
Address: IT

Monthly Cost of Living

A single person spends $973 per month in Faroe Islands vs $1,720 in Italy, rent included.

A couple spends around $1,676 per month in Faroe Islands vs $2,626 in Italy, rent included.

A family of three spends $2,379 per month in Faroe Islands vs $3,531 in Italy, rent included.

The cost of living in Faroe Islands is roughly 43% lower than in Italy on average – the gap runs across housing, groceries, transport, and services.

Faroe Islands sits 27% below the global median, while Italy is 29% above – they fall on opposite sides of the world average.

The regional cost range is wider in Faroe Islands ($210–$2,343) than in Italy ($1,191–$2,443), so city choice matters more there.

Meal at Budget Restaurant

$21.34 FOK 140

$17.16 €14.96

24.36%

Three-Course Dinner for Two, Mid-Range

$155 FOK 1,018

$81.4 €70.9

90.65%

Fast Food Meal (McDonalds, etc)

$20.43 FOK 134

$11.60 €10.11

76.12%

Cappuccino

$6.92 FOK 45.40

$1.98 €1.73

249.49%

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

$3.28 FOK 21.51

$3.00 €2.62

9.33%

Water (0.33 liter bottle)

$2.57 FOK 16.83

$1.36 €1.18

88.97%

Local Beer (0.5 liter draught)

$9.07 FOK 59.5

$5.92 €5.16

53.21%

Imported Beer (0.33 liter bottle)

$9.07 FOK 59.5

$5.25 €4.58

72.76%

Milk (1 liter)

$2.34 FOK 15.32

$1.70 €1.49

37.65%

White Bread (500g)

$4.33 FOK 28.41

$2.37 €2.07

82.70%

Rice (white) (1kg)

$3.74 FOK 24.53

$3.03 €2.65

23.43%

Eggs

$5.50 FOK 36.07

$3.95 €3.44

39.24%

Local Cheese (1kg)

$14.81 FOK 97.2

$16.66 €14.53

-11.10%

Chicken Fillets (1kg)

$14.49 FOK 95.0

$12.26 €10.68

18.19%

Beef Round Steak (1kg)

$28.11 FOK 184

$20.06 €17.49

40.13%

Apples (1kg)

$2.73 FOK 17.94

$2.55 €2.23

7.06%

Banana (1kg)

$2.60 FOK 17.06

$2.20 €1.92

18.18%

Oranges (1kg)

$3.15 FOK 20.67

$2.75 €2.40

14.55%

Tomato (1kg)

$2.53 FOK 16.57

$3.22 €2.81

-21.43%

Potato (1kg)

$2.58 FOK 16.90

$1.94 €1.69

32.99%

Onion (1kg)

$3.22 FOK 21.10

$1.82 €1.59

76.92%

Lettuce (1 head)

$2.54 FOK 16.65

$1.48 €1.29

71.62%

Water (1.5 liter bottle)

$3.45 FOK 22.60

$0.50 €0.43

590.00%

Cigarettes 20 Pack (Marlboro, Camel)

$10.77 FOK 70.6

$7.13 €6.21

51.05%

Wine (Bottle)

$12.23 FOK 80.2

$7.37 €6.43

65.94%

Local Beer (0.5 liter bottle)

$2.22 FOK 14.59

$1.76 €1.53

26.14%

Imported Beer (0.33 liter bottle)

$2.92 FOK 19.16

$2.53 €2.20

15.42%

One-way Ticket (Public Transport)

$1.99 €1.73

Public Transport Monthly Pass (Regular Price)

$42.32 €36.90

Taxi Start (Normal Tariff)

$11.53 FOK 75.6

$5.67 €4.94

103.35%

Taxi (Normal Tariff) (1km)

$1.52 €1.32

Taxi 1hour Waiting (Normal Tariff)

$51.4 FOK 337

$34.94 €30.46

47.08%

Gasoline (1 liter)

$2.01 FOK 13.18

$2.09 €1.83

-3.83%

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

$40.7K FOK 267.1K

$32.7K €28.5K

24.69%

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

$51.8K FOK 339.6K

$32.9K €28.7K

57.31%

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

$139 FOK 909

$227 €198

-38.89%

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

$40.67 FOK 267

$13.58 €11.84

199.48%

Internet (50+ Mbps, Unlimited Data)

$63.5 FOK 416

$31.57 €27.52

100.98%

Gym Membership (Monthly)

$49.75 FOK 326

$57.7 €50.3

-13.72%

Tennis Court (1 Hour on Weekend)

$25.23 €22.00

Cinema Ticket

$16.92 FOK 111

$10.59 €9.24

59.77%

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

$411 FOK 2,698

$568 €495

-27.55%

International Primary School, 1 Child (Yearly)

$10.5K €9,187

Jeans (Levis 501 Or Similar)

$143 FOK 938

$90.7 €79.0

57.67%

Summer Dress (H&M, Zara, etc)

$61.6 FOK 404

$40.49 €35.30

52.14%

Sport Shoes (Adidas, Nike)

$155 FOK 1,019

$99.8 €87.0

55.63%

Men's Leather Business Shoes

$221 FOK 1,453

$130 €113

70.90%

1-bedroom Apartment, City Center (Monthly)

$1,025 FOK 6,721

$865 €754

18.52%

1-bedroom Apartment, Outside City Center (Monthly)

$889 FOK 5,830

$672 €586

32.17%

3-bedroom Apartment, City Center (Monthly)

$1,885 FOK 12.4K

$1,523 €1,328

23.72%

3-bedroom Apartment, Outside City Center (Monthly)

$1,374 FOK 9,013

$1,078 €940

27.42%

Buy Apartment in City Center (m2)

$4,683 FOK 30.7K

$3,767 €3,284

24.32%

Buy Apartment Outside City Center (m2)

$4,702 FOK 30.8K

$2,360 €2,058

99.22%

Average Monthly Net Salary (After Tax)

$2,316 FOK 15.2K

$1,949 €1,699

18.83%

20-Year Fixed Mortgage Interest Rate (Annual %)

2.99

4.41

-32.20%

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

Last update for Faroe Islands: July 28, 2026

Last update for Italy: July 27, 2026

Cost Breakdown

Average rent: $468 in Faroe Islands vs $743 in Italy. For reference, capital cities sit at $1,135 in Torshavn and $1,334 in Rome.

Average salary: $2,170 in Faroe Islands vs $1,912 in Italy. The income gap affects purchasing power and how far your budget stretches in each country.

Cost Highlights

Rent is 59% higher in Italy.

Dining out costs 19% more in Italy.

Salaries are 13% higher in Faroe Islands, and purchasing power comes out stronger in Faroe Islands.

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 Italy: Cost of Living - Frequently Asked Questions

Faroe Islands is the cheaper option – living costs run roughly 42% lower on average. The gap is consistent across housing, groceries, transport, and entertainment.

Housing costs more in Italy, and the gap is biggest in capital cities. Regional towns show less difference, but Italy consistently has higher rents.

Groceries, transport, and utilities all cost less in Faroe Islands, contributing to the overall 42% price gap. The savings show up everywhere – from supermarket receipts to monthly bills.

$3,000 buys a comfortable lifestyle in Faroe Islands, but in Italy it only works with careful planning outside the capital. Same money, very different lives.

Faroe Islands is the budget-friendly choice for expats – lower housing and daily costs. But cost isn't everything: visa policies, language, healthcare quality, and job markets all weigh in too.