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 $1,719 per month in Italy vs $968 in Faroe Islands, rent included.

A couple spends around $2,625 per month in Italy vs $1,668 in Faroe Islands, rent included.

A family of three spends $3,531 per month in Italy vs $2,368 in Faroe Islands, rent included.

Italy costs about 78% 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 28% below – they fall on opposite sides of the world average.

Faroe Islands has a wider regional cost range ($212–$2,283) than Italy ($1,156–$2,452), so location matters more when choosing where to live in Faroe Islands.

Meal at Budget Restaurant

$17.02 €14.66

$20.86 FOK 135

-18.41%

Three-Course Dinner for Two, Mid-Range

$82.3 €71.0

$157 FOK 1,014

-47.62%

Fast Food Meal (McDonalds, etc)

$11.62 €10.01

$19.67 FOK 127

-40.93%

Cappuccino

$1.91 €1.64

$6.81 FOK 43.94

-71.95%

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

$3.02 €2.60

$3.13 FOK 20.19

-3.51%

Water (0.33 liter bottle)

$1.31 €1.13

$2.69 FOK 17.34

-51.30%

Local Beer (0.5 liter draught)

$5.81 €5.01

$9.42 FOK 60.8

-38.32%

Imported Beer (0.33 liter bottle)

$5.12 €4.41

$9.39 FOK 60.6

-45.47%

Milk (1 liter)

$1.64 €1.42

$2.36 FOK 15.20

-30.51%

White Bread (500g)

$2.42 €2.09

$4.23 FOK 27.29

-42.79%

Rice (white) (1kg)

$2.92 €2.52

$3.92 FOK 25.28

-25.51%

Eggs

$4.12 €3.55

$5.51 FOK 35.55

-25.23%

Local Cheese (1kg)

$16.70 €14.39

$14.56 FOK 93.9

14.70%

Chicken Fillets (1kg)

$12.60 €10.86

$14.25 FOK 91.9

-11.58%

Beef Round Steak (1kg)

$20.61 €17.76

$28.42 FOK 183

-27.48%

Apples (1kg)

$2.48 €2.14

$2.74 FOK 17.67

-9.49%

Banana (1kg)

$2.15 €1.85

$2.53 FOK 16.30

-15.02%

Oranges (1kg)

$2.72 €2.35

$3.16 FOK 20.38

-13.92%

Tomato (1kg)

$3.25 €2.80

$2.50 FOK 16.13

30.00%

Potato (1kg)

$1.94 €1.67

$2.62 FOK 16.89

-25.95%

Onion (1kg)

$1.81 €1.56

$3.20 FOK 20.63

-43.44%

Lettuce (1 head)

$1.48 €1.27

$2.53 FOK 16.33

-41.50%

Water (1.5 liter bottle)

$0.54 €0.47

$3.46 FOK 22.30

-84.39%

Cigarettes 20 Pack (Marlboro, Camel)

$6.82 €5.87

$10.70 FOK 69.0

-36.26%

Wine (Bottle)

$7.33 €6.32

$12.50 FOK 80.6

-41.36%

Local Beer (0.5 liter bottle)

$1.80 €1.55

$2.28 FOK 14.69

-21.05%

Imported Beer (0.33 liter bottle)

$2.54 €2.19

$3.03 FOK 19.56

-16.17%

One-way Ticket (Public Transport)

$2.01 €1.73

Public Transport Monthly Pass (Regular Price)

$41.70 €35.93

Taxi Start (Normal Tariff)

$5.90 €5.09

$11.62 FOK 75.0

-49.23%

Taxi (Normal Tariff) (1km)

$1.52 €1.31

Taxi 1hour Waiting (Normal Tariff)

$34.23 €29.50

$51.6 FOK 333

-33.69%

Gasoline (1 liter)

$2.13 €1.83

$2.06 FOK 13.30

3.40%

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

$32.8K €28.3K

$40.7K FOK 262.8K

-19.43%

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

$33.5K €28.9K

$52.7K FOK 340.0K

-36.44%

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

$226 €194

$141 FOK 912

59.59%

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

$13.32 €11.48

$40.27 FOK 260

-66.92%

Internet (50+ Mbps, Unlimited Data)

$31.26 €26.94

$63.8 FOK 411

-50.96%

Gym Membership (Monthly)

$56.9 €49.02

$50.9 FOK 328

11.77%

Tennis Court (1 Hour on Weekend)

$25.71 €22.15

Cinema Ticket

$10.35 €8.92

$16.66 FOK 107

-37.88%

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

$579 €499

$422 FOK 2,721

37.24%

International Primary School, 1 Child (Yearly)

$10.5K €9,076

Jeans (Levis 501 Or Similar)

$90.2 €77.7

$145 FOK 933

-37.67%

Summer Dress (H&M, Zara, etc)

$40.79 €35.15

$62.4 FOK 403

-34.66%

Sport Shoes (Adidas, Nike)

$98.7 €85.1

$155 FOK 1,002

-36.46%

Men's Leather Business Shoes

$133 €115

$223 FOK 1,441

-40.41%

1-bedroom Apartment, City Center (Monthly)

$853 €735

$1,034 FOK 6,669

-17.51%

1-bedroom Apartment, Outside City Center (Monthly)

$667 €575

$870 FOK 5,612

-23.36%

3-bedroom Apartment, City Center (Monthly)

$1,517 €1,307

$1,832 FOK 11.8K

-17.19%

3-bedroom Apartment, Outside City Center (Monthly)

$1,083 €933

$1,399 FOK 9,025

-22.63%

Buy Apartment in City Center (m2)

$3,767 €3,245

$4,712 FOK 30.4K

-20.06%

Buy Apartment Outside City Center (m2)

$2,403 €2,071

$4,809 FOK 31.0K

-50.03%

Average Monthly Net Salary (After Tax)

$1,986 €1,711

$2,292 FOK 14.8K

-13.39%

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: June 9, 2026

Last update for Faroe Islands: June 9, 2026

Cost Breakdown

Average rent: $742 in Italy vs $460 in Faroe Islands. For reference, capital cities sit at $1,368 in Rome and $1,103 in Torshavn.

Average salary: $1,931 in Italy vs $2,214 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 19% more in Italy.

Salaries are 15% higher in Faroe Islands, giving Faroe Islands stronger purchasing power.

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 45% 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 45% 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.