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 $974 per month in Faroe Islands vs $1,718 in Italy, rent included.

A couple spends around $1,690 per month in Faroe Islands vs $2,623 in Italy, rent included.

A family of three spends $2,406 per month in Faroe Islands vs $3,528 in Italy, rent included.

Faroe Islands is roughly 43% cheaper than Italy on average – the gap runs across housing, groceries, transport, and services.

Faroe Islands sits 27% below the global median, while Italy is 28% above – they fall on opposite sides of the world average.

Faroe Islands has a wider regional cost range ($212–$2,314) than Italy ($1,147–$2,536), so location matters more when choosing where to live in Faroe Islands.

Meal at Budget Restaurant

$21.34 FOK 136

$17.24 €14.72

23.78%

Three-Course Dinner for Two, Mid-Range

$158 FOK 1,010

$80.3 €68.6

97.16%

Fast Food Meal (McDonalds, etc)

$20.19 FOK 129

$11.44 €9.77

76.49%

Cappuccino

$6.62 FOK 42.21

$1.92 €1.64

244.79%

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

$3.26 FOK 20.77

$2.98 €2.55

9.40%

Water (0.33 liter bottle)

$2.72 FOK 17.34

$1.32 €1.13

106.06%

Local Beer (0.5 liter draught)

$9.19 FOK 58.7

$5.83 €4.98

57.63%

Imported Beer (0.33 liter bottle)

$9.26 FOK 59.1

$5.16 €4.41

79.46%

Milk (1 liter)

$2.29 FOK 14.60

$1.69 €1.44

35.50%

White Bread (500g)

$4.16 FOK 26.57

$2.41 €2.06

72.61%

Rice (white) (1kg)

$3.78 FOK 24.11

$3.00 €2.57

26.00%

Eggs

$5.38 FOK 34.33

$4.08 €3.49

31.86%

Local Cheese (1kg)

$14.80 FOK 94.4

$16.21 €13.85

-8.70%

Chicken Fillets (1kg)

$14.30 FOK 91.3

$12.65 €10.80

13.04%

Beef Round Steak (1kg)

$27.95 FOK 178

$20.13 €17.19

38.85%

Apples (1kg)

$2.66 FOK 16.99

$2.60 €2.22

2.31%

Banana (1kg)

$2.55 FOK 16.24

$2.21 €1.89

15.38%

Oranges (1kg)

$3.06 FOK 19.54

$2.61 €2.23

17.24%

Tomato (1kg)

$2.47 FOK 15.74

$3.28 €2.80

-24.70%

Potato (1kg)

$2.62 FOK 16.74

$1.95 €1.66

34.36%

Onion (1kg)

$3.31 FOK 21.13

$1.83 €1.56

80.87%

Lettuce (1 head)

$2.43 FOK 15.50

$1.55 €1.32

56.77%

Water (1.5 liter bottle)

$3.39 FOK 21.60

$0.50 €0.43

578.00%

Cigarettes 20 Pack (Marlboro, Camel)

$10.94 FOK 69.8

$6.88 €5.87

59.01%

Wine (Bottle)

$12.45 FOK 79.5

$6.86 €5.86

81.49%

Local Beer (0.5 liter bottle)

$2.21 FOK 14.11

$1.80 €1.54

22.78%

Imported Beer (0.33 liter bottle)

$2.92 FOK 18.60

$2.53 €2.16

15.42%

One-way Ticket (Public Transport)

$1.94 €1.65

Public Transport Monthly Pass (Regular Price)

$41.82 €35.71

Taxi Start (Normal Tariff)

$11.49 FOK 73.3

$5.71 €4.87

101.23%

Taxi (Normal Tariff) (1km)

$1.53 €1.31

Taxi 1hour Waiting (Normal Tariff)

$52.7 FOK 336

$35.12 €29.99

50.14%

Gasoline (1 liter)

$2.00 FOK 12.77

$2.03 €1.73

-1.48%

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

$40.4K FOK 258.0K

$31.8K €27.2K

26.96%

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

$52.8K FOK 336.6K

$33.3K €28.4K

58.59%

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

$141 FOK 897

$224 €191

-37.18%

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

$40.26 FOK 257

$13.50 €11.53

198.22%

Internet (50+ Mbps, Unlimited Data)

$65.4 FOK 417

$30.92 €26.41

111.48%

Gym Membership (Monthly)

$49.59 FOK 316

$56.3 €48.07

-11.90%

Tennis Court (1 Hour on Weekend)

$25.38 €21.68

Cinema Ticket

$16.49 FOK 105

$10.41 €8.89

58.41%

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

$420 FOK 2,682

$575 €491

-26.85%

International Primary School, 1 Child (Yearly)

$10.6K €9,022

Jeans (Levis 501 Or Similar)

$147 FOK 936

$89.4 €76.4

64.10%

Summer Dress (H&M, Zara, etc)

$63.0 FOK 402

$39.72 €33.92

58.51%

Sport Shoes (Adidas, Nike)

$157 FOK 999

$99.5 €85.0

57.43%

Men's Leather Business Shoes

$227 FOK 1,445

$130 €111

74.12%

1-bedroom Apartment, City Center (Monthly)

$1,054 FOK 6,722

$854 €729

23.35%

1-bedroom Apartment, Outside City Center (Monthly)

$877 FOK 5,594

$651 €556

34.60%

3-bedroom Apartment, City Center (Monthly)

$1,864 FOK 11.9K

$1,478 €1,262

26.15%

3-bedroom Apartment, Outside City Center (Monthly)

$1,391 FOK 8,872

$1,109 €947

25.40%

Buy Apartment in City Center (m2)

$3,662 FOK 23.4K

$3,926 €3,353

-6.74%

Buy Apartment Outside City Center (m2)

$4,781 FOK 30.5K

$2,410 €2,058

98.33%

Average Monthly Net Salary (After Tax)

$2,397 FOK 15.3K

$1,932 €1,650

24.06%

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: April 26, 2026

Last update for Italy: April 27, 2026

Cost Breakdown

Average rent: $460 in Faroe Islands vs $742 in Italy. For reference, capital cities sit at $1,113 in Torshavn and $1,349 in Rome.

Average salary: $1,929 in Faroe Islands vs $1,935 in Italy. The income gap affects purchasing power and how far your budget stretches in each country.

Cost Highlights

Rent is 61% higher in Italy.

Dining out costs 17% more in Italy.

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 46% 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 46% 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.