Last update: Oct 2026

Cost of Living Comparison Between Istanbul and the Faroe Islands

Name: Faroe Islands
Address: FO

For one person, living is cheaper in Istanbul: $1,526 a month against $2,583 in the Faroe Islands, rent and utilities included – about $12,700 less a year. Other living expenses account for most of the difference.

74

Cost of Living Index in Istanbul
Learn more

Istanbul Living Index
124

Cost of Living Index in the Faroe Islands
Learn more

Faroe Islands Living Index

Jump to prices

Istanbul

🇹🇷 Turkey

$1,526

/mo nomad

🇫🇴 Faroe Islands

$2,583

/mo nomad

🙂 Solo nomad: Istanbul is 45% cheaper than the Faroe Islands without rent, and 40.9% cheaper with rent.

🙂 Family of 3: Istanbul is 54.4% cheaper than the Faroe Islands without rent, and 40% cheaper with rent.

Meal at Budget Restaurant

$11.88 ₺585

$30.20 FOK 202

-60.66%

Three-Course Dinner for Two, Mid-Range

$55.1 ₺2,714

$148 FOK 989

-62.80%

Fast Food Meal (McDonalds, etc)

$9.14 ₺450

$20.09 FOK 134

-54.50%

Cappuccino

$4.24 ₺209

$6.50 FOK 43.44

-34.77%

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

$1.75 ₺86.0

$2.97 FOK 19.86

-41.08%

Water (0.33 liter bottle)

$0.54 ₺26.83

$2.20 FOK 14.71

-75.45%

Local Beer (0.5 liter draught)

$4.69 ₺231

$9.25 FOK 61.8

-49.30%

Imported Beer (0.33 liter bottle)

$5.97 ₺294

$8.94 FOK 59.8

-33.22%

Milk (1 liter)

$1.26 ₺62.1

$2.30 FOK 15.39

-45.22%

White Bread (500g)

$0.95 ₺46.81

$7.07 FOK 47.25

-86.56%

Rice (white) (1kg)

$2.31 ₺114

$4.25 FOK 28.39

-45.65%

Eggs

$2.47 ₺122

$6.48 FOK 43.30

-61.88%

Local Cheese (1kg)

$10.55 ₺520

$16.30 FOK 109

-35.28%

Chicken Fillets (1kg)

$5.60 ₺276

$14.33 FOK 95.7

-60.92%

Beef Round Steak (1kg)

$21.21 ₺1,045

$18.20 FOK 122

16.54%

Apples (1kg)

$1.93 ₺95.1

$4.16 FOK 27.77

-53.61%

Banana (1kg)

$2.29 ₺113

$5.45 FOK 36.40

-57.98%

Oranges (1kg)

$1.28 ₺63.1

$6.18 FOK 41.30

-79.29%

Tomato (1kg)

$1.84 ₺90.8

$5.15 FOK 34.40

-64.27%

Potato (1kg)

$0.67 ₺32.86

$3.60 FOK 24.06

-81.39%

Onion (1kg)

$0.59 ₺29.31

$4.51 FOK 30.15

-86.92%

Lettuce (1 head)

$1.33 ₺65.4

$3.38 FOK 22.58

-60.65%

Water (1.5 liter bottle)

$0.59 ₺29.10

$3.82 FOK 25.52

-84.55%

Cigarettes 20 Pack (Marlboro, Camel)

$2.36 ₺116

$10.69 FOK 71.4

-77.92%

Wine (Bottle)

$13.47 ₺664

$12.97 FOK 86.6

3.86%

Local Beer (0.5 liter bottle)

$2.42 ₺119

$3.12 FOK 20.81

-22.44%

Imported Beer (0.33 liter bottle)

$3.54 ₺174

$2.38 FOK 15.88

48.74%

One-way Ticket (Public Transport)

$0.83 ₺40.64

Public Transport Monthly Pass (Regular Price)

$66.5 ₺3,273

$30.06 FOK 201

121.06%

Taxi Start (Normal Tariff)

$1.35 ₺66.6

$12.20 FOK 81.5

-88.93%

Taxi (Normal Tariff) (1km)

$0.85 ₺42.05

Taxi 1hour Waiting (Normal Tariff)

$10.86 ₺535

Gasoline (1 liter)

$1.47 ₺72.3

$1.76 FOK 11.77

-16.48%

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

$51.6K ₺2.5M

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

$44.4K ₺2.2M

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

$89.2 ₺4,395

$127 FOK 846

-29.56%

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

$11.60 ₺572

$44.12 FOK 295

-73.71%

Internet (50+ Mbps, Unlimited Data)

$16.10 ₺793

$79.0 FOK 528

-79.63%

Gym Membership (Monthly)

$77.3 ₺3,805

$51.4 FOK 343

50.44%

Tennis Court (1 Hour on Weekend)

$22.66 ₺1,116

Cinema Ticket

$8.34 ₺411

$15.69 FOK 105

-46.85%

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

$974 ₺48.0K

$489 FOK 3,269

98.99%

International Primary School, 1 Child (Yearly)

$25.8K ₺1.3M

Jeans (Levis 501 Or Similar)

$52.7 ₺2,597

$141 FOK 939

-62.51%

Summer Dress (H&M, Zara, etc)

$39.16 ₺1,929

$60.9 FOK 407

-35.70%

Sport Shoes (Adidas, Nike)

$103 ₺5,083

$170 FOK 1,135

-39.29%

Men's Leather Business Shoes

$96.6 ₺4,759

$243 FOK 1,626

-60.30%

1-bedroom Apartment, City Center (Monthly)

$994 ₺49.0K

$1,073 FOK 7,168

-7.36%

1-bedroom Apartment, Outside City Center (Monthly)

$629 ₺31.0K

$891 FOK 5,955

-29.41%

3-bedroom Apartment, City Center (Monthly)

$2,024 ₺99.7K

$1,905 FOK 12.7K

6.24%

3-bedroom Apartment, Outside City Center (Monthly)

$1,155 ₺56.9K

$1,384 FOK 9,248

-16.58%

Buy Apartment in City Center (m2)

$3,160 ₺155.7K

$4,528 FOK 30.3K

-30.21%

Buy Apartment Outside City Center (m2)

$1,838 ₺90.5K

$4,667 FOK 31.2K

-60.63%

Average Monthly Net Salary (After Tax)

$1,203 ₺59.3K

$2,274 FOK 15.2K

-47.07%

20-Year Fixed Mortgage Interest Rate (Annual %)

41.09

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

Last update for Istanbul: October 3, 2026

Last update for the Faroe Islands: October 4, 2026

Monthly budget structure

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

Accommodation & Living

Istanbul

$629 41.2%

Faroe Islands

$892 35% 41.7% $262

Groceries & Markets

Istanbul

$264 17.3%

Faroe Islands

$541 21.2% 105% $277

Eating Out

Istanbul

$218 14.3%

Faroe Islands

$465 18.2% 113% $247

Clothing & Footwear

Istanbul

$131 8.6%

Faroe Islands

$277 10.9% 111% $145

Monthly Utilities & Internet

Istanbul

$117 7.7%

Faroe Islands

$250 9.8% 114% $133

Sport & Entertainment

Istanbul

$94 6.1%

Faroe Islands

$83 3.3% 11.9% $11

Getting Around

Istanbul

$75 4.9%

Faroe Islands

$42 * 1.7% 43.9% $33

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

Good to know

🇹🇷 Istanbul

🇫🇴 Faroe Islands

🕒 Local time

15:23 3:23 PM

13:23 1:23 PM

2 h behind Istanbul

🌤 Weather

👥 Population

15,701,602

54,149

💱 Currency

Turkish Lira TRY ₺

Faroese Króna FOK kr

📈 Exchange rate

100 TRY = 2.03 USD

100 TRY = 1.81 EUR

1 FOK = 0.15 USD

1 FOK = 0.134 EUR

Exchange rates and currency converter

FOK, USD, EUR to TRY – Turkish Lira Converter

🇺🇸 United States Dollar ($)

🇹🇷 Turkish Lira (₺)

Turkish Lira exchange rates as of October 10, 2026: 1 USD = 49.26 TRY (100 TRY = 2.03 USD). 1 EUR = 55.2 TRY (100 TRY = 1.81 EUR).

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 = 0.134 EUR).

USD to TRY in detail →

On the map

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Between locations

Istanbul Faroe Islands 3,330 km ≈ 4 h 45 min nonstop flight

From you

Istanbul
Faroe Islands

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

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