Last update: Oct 2026

Cost of Living Comparison Between the Faroe Islands and Spain

Name: Spain
Address: ES

For one person, living is cheaper in Spain: $1,775 a month against $2,563 in the Faroe Islands, rent and utilities included – about $9,500 less a year. Other living expenses account for most of the difference.

122

Cost of Living Index in the Faroe Islands
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Faroe Islands Living Index
86

Cost of Living Index in Spain
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Spain Living Index

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🇫🇴 Faroe Islands

$2,563

/mo nomad

🇪🇸 Spain

$1,775

/mo nomad

Monthly Cost of Living

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

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 Spain actually costs, broken down by who's living it.

A single person spends $2,563 per month in the Faroe Islands vs $1,775 in Spain, rent included.

Faroe Islands $2,563
Spain $1,775

A couple spends around $4,002 per month in the Faroe Islands vs $2,606 in Spain, rent included.

Faroe Islands $4,002
Spain $2,606

A family of three spends $5,440 per month in the Faroe Islands vs $3,438 in Spain, rent included.

Faroe Islands $5,440
Spain $3,438

The regional cost range is wider in the Faroe Islands ($206–$2,522) than in Spain ($931–$2,610), so city choice matters more there.

The cost of living in the Faroe Islands is about 44% higher than in Spain on average.

Both the Faroe Islands and Spain are pricier than the global median – the Faroe Islands by 88%, Spain by 30%.

Meal at Budget Restaurant

$30.27 FOK 203

$16.69 €14.96

81.37%

Three-Course Dinner for Two, Mid-Range

$147 FOK 983

$55.7 €49.91

163.41%

Fast Food Meal (McDonalds, etc)

$20.18 FOK 135

$11.37 €10.18

77.48%

Cappuccino

$6.71 FOK 44.92

$2.42 €2.17

177.27%

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

$2.99 FOK 20.02

$2.68 €2.40

11.57%

Water (0.33 liter bottle)

$2.24 FOK 15.00

$1.79 €1.60

25.14%

Local Beer (0.5 liter draught)

$9.23 FOK 61.8

$3.42 €3.07

169.88%

Imported Beer (0.33 liter bottle)

$9.16 FOK 61.4

$3.88 €3.47

136.08%

Milk (1 liter)

$2.22 FOK 14.88

$1.20 €1.07

85.00%

White Bread (500g)

$7.19 FOK 48.20

$1.48 €1.33

385.81%

Rice (white) (1kg)

$4.16 FOK 27.89

$1.67 €1.50

149.10%

Eggs

$6.23 FOK 41.76

$3.42 €3.07

82.16%

Local Cheese (1kg)

$16.52 FOK 111

$14.17 €12.70

16.58%

Chicken Fillets (1kg)

$14.26 FOK 95.6

$8.33 €7.46

71.19%

Beef Round Steak (1kg)

$17.83 FOK 119

$16.20 €14.52

10.06%

Apples (1kg)

$4.12 FOK 27.57

$2.45 €2.20

68.16%

Banana (1kg)

$5.38 FOK 36.05

$2.03 €1.82

165.02%

Oranges (1kg)

$5.82 FOK 39.02

$2.08 €1.86

179.81%

Tomato (1kg)

$5.27 FOK 35.30

$2.58 €2.31

104.26%

Potato (1kg)

$3.62 FOK 24.24

$1.83 €1.64

97.81%

Onion (1kg)

$4.68 FOK 31.35

$2.00 €1.79

134.00%

Lettuce (1 head)

$3.26 FOK 21.82

$1.31 €1.17

148.85%

Water (1.5 liter bottle)

$3.77 FOK 25.28

$0.77 €0.69

389.61%

Cigarettes 20 Pack (Marlboro, Camel)

$10.65 FOK 71.3

$6.36 €5.70

67.45%

Wine (Bottle)

$12.63 FOK 84.6

$5.64 €5.06

123.94%

Local Beer (0.5 liter bottle)

$3.08 FOK 20.63

$1.30 €1.17

136.92%

Imported Beer (0.33 liter bottle)

$2.45 FOK 16.39

$2.09 €1.87

17.22%

One-way Ticket (Public Transport)

$1.64 €1.47

Public Transport Monthly Pass (Regular Price)

$29.31 FOK 196

$32.91 €29.49

-10.94%

Taxi Start (Normal Tariff)

$11.84 FOK 79.3

$4.43 €3.97

167.27%

Taxi (Normal Tariff) (1km)

$1.47 €1.31

Taxi 1hour Waiting (Normal Tariff)

$24.98 €22.39

Gasoline (1 liter)

$1.82 FOK 12.20

$1.77 €1.59

2.82%

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

$35.5K €31.8K

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

$30.6K €27.4K

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

$130 FOK 868

$149 €134

-13.20%

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

$43.43 FOK 291

$17.67 €15.84

145.78%

Internet (50+ Mbps, Unlimited Data)

$78.3 FOK 525

$31.88 €28.57

145.58%

Gym Membership (Monthly)

$50.7 FOK 340

$44.24 €39.64

14.69%

Tennis Court (1 Hour on Weekend)

$15.29 €13.70

Cinema Ticket

$15.95 FOK 107

$9.66 €8.66

65.11%

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

$490 FOK 3,282

$544 €488

-9.99%

International Primary School, 1 Child (Yearly)

$10.6K €9,504

Jeans (Levis 501 Or Similar)

$140 FOK 936

$84.9 €76.1

64.59%

Summer Dress (H&M, Zara, etc)

$59.2 FOK 397

$37.11 €33.26

59.58%

Sport Shoes (Adidas, Nike)

$163 FOK 1,095

$89.2 €79.9

83.17%

Men's Leather Business Shoes

$249 FOK 1,666

$106 €94.8

135.11%

1-bedroom Apartment, City Center (Monthly)

$1,065 FOK 7,133

$1,056 €947

0.77%

1-bedroom Apartment, Outside City Center (Monthly)

$908 FOK 6,085

$808 €724

12.43%

3-bedroom Apartment, City Center (Monthly)

$1,887 FOK 12.6K

$1,621 €1,453

16.43%

3-bedroom Apartment, Outside City Center (Monthly)

$1,367 FOK 9,158

$1,246 €1,117

9.68%

Buy Apartment in City Center (m2)

$4,606 FOK 30.9K

$4,135 €3,706

11.37%

Buy Apartment Outside City Center (m2)

$4,556 FOK 30.5K

$2,633 €2,359

73.05%

Average Monthly Net Salary (After Tax)

$2,265 FOK 15.2K

$1,999 €1,791

13.31%

20-Year Fixed Mortgage Interest Rate (Annual %)

3.3

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 Spain: October 24, 2026

Monthly budget structure

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

Accommodation & Living

Faroe Islands

$908 35.4%

Spain

$808 45.5% 11.1% $100

Groceries & Markets

Faroe Islands

$537 20.9%

Spain

$272 15.3% 49.4% $265

Eating Out

Faroe Islands

$469 18.3%

Spain

$239 13.5% 48.9% $229

Clothing & Footwear

Faroe Islands

$275 10.7%

Spain

$143 8% 48.1% $132

Monthly Utilities & Internet

Faroe Islands

$251 9.8%

Spain

$199 11.2% 20.9% $52

Sport & Entertainment

Faroe Islands

$83 3.2%

Spain

$64 3.6% 23.1% $19

Getting Around

Faroe Islands

$41 * 1.6%

Spain

$51 2.9% 24.5% $10

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 $920 in Spain. For reference, capital cities sit at $1,063 in Torshavn and $1,508 in Madrid.

Average salary: $2,138 in the Faroe Islands vs $1,972 in Spain. The income gap affects purchasing power and how far your budget stretches in each country.

Cost Highlights

Rent is 16% higher in the Faroe Islands.

Dining out costs 165% more in the Faroe Islands.

Good to know

🇫🇴 Faroe Islands

🇪🇸 Spain

🕒 Local time

04:27 4:27 AM

05:27 5:27 AM

1 h ahead of the Faroe Islands

🌤 Weather

👥 Population

54,149

47,415,750

💱 Currency

Faroese Króna FOK kr

Euro EUR €

📈 Exchange rate

1 FOK = 0.149 USD

1 FOK = 0.134 EUR

1 EUR = 1.12 USD

Exchange rates and currency converter

EUR, USD 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 = 7.46 FOK (1 FOK = 0.134 EUR).

Euro exchange rates as of October 29, 2026: 1 USD = 0.896 EUR (1 EUR = 1.12 USD).

USD to FOK in detail →

On the map

Lowest

Highest

Between locations

Faroe Islands Spain 2,410 km ≈ 3 h 30 min nonstop flight

From you

Faroe Islands
Spain

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 Spain: Cost of Living - Frequently Asked Questions

Spain is the cheaper option – living costs run roughly 31% lower on average.

Housing costs more in the Faroe Islands: a central one-bedroom averages $1,063 versus $920 in Spain.

Spain is the budget-friendly choice for expats. But cost isn’t everything: visa policies, language, healthcare quality, and job markets all weigh in too.