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 $837 per month in Faroe Islands vs $1,796 in Italy, rent included.

A couple spends around $1,100 per month in Faroe Islands vs $2,739 in Italy, rent included.

A family of three spends $1,362 per month in Faroe Islands vs $3,682 in Italy, rent included.

The cost of living in Faroe Islands is roughly 53% lower than in Italy on average – the gap runs across housing, groceries, transport, and services.

Faroe Islands sits 39% below the global median, while Italy is 30% above – they fall on opposite sides of the world average.

Meal at Budget Restaurant

$31.66 FOK 204

$21.24 €18.31

49.06%

Three-Course Dinner for Two, Mid-Range

$154 FOK 990

$80.8 €69.7

90.21%

Fast Food Meal (McDonalds, etc)

$20.15 FOK 130

$11.41 €9.84

76.60%

Cappuccino

$6.83 FOK 44.01

$2.08 €1.79

228.37%

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

$3.01 FOK 19.36

$3.05 €2.63

-1.31%

Water (0.33 liter bottle)

$2.35 FOK 15.16

$1.38 €1.19

70.29%

Local Beer (0.5 liter draught)

$9.25 FOK 59.6

$5.79 €4.99

59.76%

Imported Beer (0.33 liter bottle)

$9.42 FOK 60.7

$5.75 €4.96

63.83%

Milk (1 liter)

$2.38 FOK 15.36

$1.70 €1.46

40.00%

White Bread (500g)

$7.51 FOK 48.35

$2.41 €2.08

211.62%

Rice (white) (1kg)

$4.34 FOK 27.93

$3.01 €2.59

44.19%

Eggs

$6.61 FOK 42.58

$4.32 €3.72

53.01%

Local Cheese (1kg)

$16.94 FOK 109

$17.93 €15.45

-5.52%

Chicken Fillets (1kg)

$14.82 FOK 95.5

$12.67 €10.92

16.97%

Beef Round Steak (1kg)

$18.76 FOK 121

$20.57 €17.73

-8.80%

Apples (1kg)

$4.13 FOK 26.63

$2.62 €2.26

57.63%

Banana (1kg)

$5.70 FOK 36.70

$2.15 €1.85

165.12%

Oranges (1kg)

$6.12 FOK 39.42

$2.80 €2.41

118.57%

Tomato (1kg)

$5.23 FOK 33.71

$3.32 €2.87

57.53%

Potato (1kg)

$3.80 FOK 24.50

$2.10 €1.81

80.95%

Onion (1kg)

$4.67 FOK 30.06

$1.89 €1.63

147.09%

Lettuce (1 head)

$3.48 FOK 22.38

$1.55 €1.33

124.52%

Water (1.5 liter bottle)

$3.78 FOK 24.37

$0.56 €0.48

575.00%

Cigarettes 20 Pack (Marlboro, Camel)

$11.32 FOK 72.9

$7.16 €6.17

58.10%

Wine (Bottle)

$13.02 FOK 83.9

$7.35 €6.33

77.14%

Local Beer (0.5 liter bottle)

$3.21 FOK 20.67

$1.80 €1.55

78.33%

Imported Beer (0.33 liter bottle)

$2.51 FOK 16.15

$2.41 €2.07

4.15%

One-way Ticket (Public Transport)

$1.93 €1.66

Public Transport Monthly Pass (Regular Price)

$30.55 FOK 197

$45.24 €39.00

-32.47%

Taxi Start (Normal Tariff)

$12.60 FOK 81.1

$5.74 €4.95

119.51%

Taxi (Normal Tariff) (1km)

$1.70 €1.47

Taxi 1hour Waiting (Normal Tariff)

$35.25 €30.38

Gasoline (1 liter)

$1.86 FOK 11.97

$2.04 €1.76

-8.82%

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

$37.5K €32.3K

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

$37.1K €31.9K

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

$132 FOK 848

$231 €199

-42.97%

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

$44.83 FOK 289

$12.34 €10.64

263.29%

Internet (50+ Mbps, Unlimited Data)

$82.7 FOK 533

$31.17 €26.87

165.42%

Gym Membership (Monthly)

$52.7 FOK 339

$55.2 €47.62

-4.58%

Tennis Court (1 Hour on Weekend)

$24.91 €21.47

Cinema Ticket

$16.38 FOK 105

$11.13 €9.59

47.17%

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

$512 FOK 3,298

$568 €490

-9.88%

International Primary School, 1 Child (Yearly)

$12.5K €10.8K

Jeans (Levis 501 Or Similar)

$143 FOK 921

$93.0 €80.1

53.92%

Summer Dress (H&M, Zara, etc)

$63.1 FOK 407

$39.82 €34.32

58.51%

Sport Shoes (Adidas, Nike)

$175 FOK 1,127

$104 €89.8

67.90%

Men's Leather Business Shoes

$256 FOK 1,648

$135 €116

89.52%

1-bedroom Apartment, City Center (Monthly)

$1,112 FOK 7,158

$852 €734

30.50%

1-bedroom Apartment, Outside City Center (Monthly)

$919 FOK 5,917

$645 €556

42.51%

3-bedroom Apartment, City Center (Monthly)

$1,933 FOK 12.4K

$1,449 €1,249

33.36%

3-bedroom Apartment, Outside City Center (Monthly)

$1,466 FOK 9,444

$1,084 €935

35.23%

Buy Apartment in City Center (m2)

$4,858 FOK 31.3K

$3,813 €3,287

27.43%

Buy Apartment Outside City Center (m2)

$4,762 FOK 30.7K

$2,357 €2,032

102.03%

Average Monthly Net Salary (After Tax)

$2,358 FOK 15.2K

$1,933 €1,666

22.00%

20-Year Fixed Mortgage Interest Rate (Annual %)

3.57

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

Last update for Faroe Islands: September 7, 2026

Last update for Italy: September 5, 2026

Cost Breakdown

Average rent: $226 in Faroe Islands vs $755 in Italy. For reference, capital cities sit at $1,132 in Torshavn and $1,247 in Rome.

Average salary: $2,203 in Faroe Islands vs $1,964 in Italy. The income gap affects purchasing power and how far your budget stretches in each country.

Cost Highlights

Rent is 234% higher in Italy.

Dining out costs 138% more in Italy.

Public transport is 617% more expensive in Italy.

Salaries are 12% 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 43% 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 43% 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.