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

Name: Faroe Islands
Address: FO

Monthly Cost of Living

A single person spends $1,718 per month in Italy vs $974 in Faroe Islands, rent included.

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

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

Italy costs about 76% more than Faroe Islands on average – the gap runs across housing, groceries, transport, and services.

Italy sits 28% above the global median, while Faroe Islands is 27% below – 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

$17.24 €14.75

$21.34 FOK 136

-19.21%

Three-Course Dinner for Two, Mid-Range

$80.3 €68.7

$158 FOK 1,010

-49.28%

Fast Food Meal (McDonalds, etc)

$11.44 €9.79

$20.19 FOK 129

-43.34%

Cappuccino

$1.92 €1.64

$6.62 FOK 42.21

-71.00%

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

$2.98 €2.55

$3.26 FOK 20.77

-8.59%

Water (0.33 liter bottle)

$1.32 €1.13

$2.72 FOK 17.34

-51.47%

Local Beer (0.5 liter draught)

$5.83 €4.99

$9.19 FOK 58.7

-36.56%

Imported Beer (0.33 liter bottle)

$5.16 €4.42

$9.26 FOK 59.1

-44.28%

Milk (1 liter)

$1.69 €1.44

$2.29 FOK 14.60

-26.20%

White Bread (500g)

$2.41 €2.06

$4.16 FOK 26.57

-42.07%

Rice (white) (1kg)

$3.00 €2.57

$3.78 FOK 24.11

-20.63%

Eggs

$4.08 €3.49

$5.38 FOK 34.33

-24.16%

Local Cheese (1kg)

$16.21 €13.88

$14.80 FOK 94.4

9.53%

Chicken Fillets (1kg)

$12.65 €10.83

$14.30 FOK 91.3

-11.54%

Beef Round Steak (1kg)

$20.13 €17.23

$27.95 FOK 178

-27.98%

Apples (1kg)

$2.60 €2.23

$2.66 FOK 16.99

-2.26%

Banana (1kg)

$2.21 €1.89

$2.55 FOK 16.24

-13.33%

Oranges (1kg)

$2.61 €2.23

$3.06 FOK 19.54

-14.71%

Tomato (1kg)

$3.28 €2.81

$2.47 FOK 15.74

32.79%

Potato (1kg)

$1.95 €1.67

$2.62 FOK 16.74

-25.57%

Onion (1kg)

$1.83 €1.57

$3.31 FOK 21.13

-44.71%

Lettuce (1 head)

$1.55 €1.33

$2.43 FOK 15.50

-36.21%

Water (1.5 liter bottle)

$0.50 €0.43

$3.39 FOK 21.60

-85.25%

Cigarettes 20 Pack (Marlboro, Camel)

$6.88 €5.89

$10.94 FOK 69.8

-37.11%

Wine (Bottle)

$6.86 €5.87

$12.45 FOK 79.5

-44.90%

Local Beer (0.5 liter bottle)

$1.80 €1.54

$2.21 FOK 14.11

-18.55%

Imported Beer (0.33 liter bottle)

$2.53 €2.16

$2.92 FOK 18.60

-13.36%

One-way Ticket (Public Transport)

$1.94 €1.66

Public Transport Monthly Pass (Regular Price)

$41.82 €35.80

Taxi Start (Normal Tariff)

$5.71 €4.88

$11.49 FOK 73.3

-50.30%

Taxi (Normal Tariff) (1km)

$1.53 €1.31

Taxi 1hour Waiting (Normal Tariff)

$35.12 €30.06

$52.7 FOK 336

-33.40%

Gasoline (1 liter)

$2.03 €1.73

$2.00 FOK 12.77

1.50%

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

$31.8K €27.3K

$40.4K FOK 258.0K

-21.24%

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

$33.3K €28.5K

$52.8K FOK 336.6K

-36.95%

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

$224 €192

$141 FOK 897

59.19%

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

$13.50 €11.56

$40.26 FOK 257

-66.47%

Internet (50+ Mbps, Unlimited Data)

$30.92 €26.47

$65.4 FOK 417

-52.71%

Gym Membership (Monthly)

$56.3 €48.19

$49.59 FOK 316

13.51%

Tennis Court (1 Hour on Weekend)

$25.38 €21.73

Cinema Ticket

$10.41 €8.91

$16.49 FOK 105

-36.87%

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

$575 €492

$420 FOK 2,682

36.71%

International Primary School, 1 Child (Yearly)

$10.6K €9,043

Jeans (Levis 501 Or Similar)

$89.4 €76.5

$147 FOK 936

-39.06%

Summer Dress (H&M, Zara, etc)

$39.72 €34.00

$63.0 FOK 402

-36.91%

Sport Shoes (Adidas, Nike)

$99.5 €85.2

$157 FOK 999

-36.48%

Men's Leather Business Shoes

$130 €111

$227 FOK 1,445

-42.57%

1-bedroom Apartment, City Center (Monthly)

$854 €731

$1,054 FOK 6,722

-18.93%

1-bedroom Apartment, Outside City Center (Monthly)

$651 €558

$877 FOK 5,594

-25.71%

3-bedroom Apartment, City Center (Monthly)

$1,478 €1,265

$1,864 FOK 11.9K

-20.73%

3-bedroom Apartment, Outside City Center (Monthly)

$1,109 €949

$1,391 FOK 8,872

-20.26%

Buy Apartment in City Center (m2)

$3,926 €3,361

$3,662 FOK 23.4K

7.23%

Buy Apartment Outside City Center (m2)

$2,410 €2,063

$4,781 FOK 30.5K

-49.58%

Average Monthly Net Salary (After Tax)

$1,932 €1,654

$2,397 FOK 15.3K

-19.39%

20-Year Fixed Mortgage Interest Rate (Annual %)

4.41

2.99

47.49%

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

Last update for Italy: April 27, 2026

Last update for Faroe Islands: April 26, 2026

Cost Breakdown

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

Average salary: $1,935 in Italy vs $1,929 in Faroe Islands. 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

Italy vs Faroe Islands: 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.