Last update: Oct 2026

Cost of Living Comparison Between Spain and the Faroe Islands

Name: Faroe Islands
Address: FO

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.

86

Cost of Living Index in Spain
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Spain Living Index
122

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

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🇪🇸 Spain

$1,775

/mo nomad

🇫🇴 Faroe Islands

$2,563

/mo nomad

Monthly Cost of Living

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

Real prices from locals and on-the-ground checks – rent, groceries, transit and the daily extras. Here's what a month in Spain and in the Faroe Islands actually costs, broken down by who's living it.

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

Spain $1,775
Faroe Islands $2,563

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

Spain $2,606
Faroe Islands $4,002

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

Spain $3,438
Faroe Islands $5,440

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 Spain is roughly 31% lower than in the Faroe Islands on average.

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

Meal at Budget Restaurant

$16.69 €14.96

$30.27 FOK 203

-44.86%

Three-Course Dinner for Two, Mid-Range

$55.7 €49.91

$147 FOK 983

-62.04%

Fast Food Meal (McDonalds, etc)

$11.37 €10.18

$20.18 FOK 135

-43.66%

Cappuccino

$2.42 €2.17

$6.71 FOK 44.92

-63.93%

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

$2.68 €2.40

$2.99 FOK 20.02

-10.37%

Water (0.33 liter bottle)

$1.79 €1.60

$2.24 FOK 15.00

-20.09%

Local Beer (0.5 liter draught)

$3.42 €3.07

$9.23 FOK 61.8

-62.95%

Imported Beer (0.33 liter bottle)

$3.88 €3.47

$9.16 FOK 61.4

-57.64%

Milk (1 liter)

$1.20 €1.07

$2.22 FOK 14.88

-45.95%

White Bread (500g)

$1.48 €1.33

$7.19 FOK 48.20

-79.42%

Rice (white) (1kg)

$1.67 €1.50

$4.16 FOK 27.89

-59.86%

Eggs

$3.42 €3.07

$6.23 FOK 41.76

-45.10%

Local Cheese (1kg)

$14.17 €12.70

$16.52 FOK 111

-14.23%

Chicken Fillets (1kg)

$8.33 €7.46

$14.26 FOK 95.6

-41.58%

Beef Round Steak (1kg)

$16.20 €14.52

$17.83 FOK 119

-9.14%

Apples (1kg)

$2.45 €2.20

$4.12 FOK 27.57

-40.53%

Banana (1kg)

$2.03 €1.82

$5.38 FOK 36.05

-62.27%

Oranges (1kg)

$2.08 €1.86

$5.82 FOK 39.02

-64.26%

Tomato (1kg)

$2.58 €2.31

$5.27 FOK 35.30

-51.04%

Potato (1kg)

$1.83 €1.64

$3.62 FOK 24.24

-49.45%

Onion (1kg)

$2.00 €1.79

$4.68 FOK 31.35

-57.26%

Lettuce (1 head)

$1.31 €1.17

$3.26 FOK 21.82

-59.82%

Water (1.5 liter bottle)

$0.77 €0.69

$3.77 FOK 25.28

-79.58%

Cigarettes 20 Pack (Marlboro, Camel)

$6.36 €5.70

$10.65 FOK 71.3

-40.28%

Wine (Bottle)

$5.64 €5.06

$12.63 FOK 84.6

-55.34%

Local Beer (0.5 liter bottle)

$1.30 €1.17

$3.08 FOK 20.63

-57.79%

Imported Beer (0.33 liter bottle)

$2.09 €1.87

$2.45 FOK 16.39

-14.69%

One-way Ticket (Public Transport)

$1.64 €1.47

Public Transport Monthly Pass (Regular Price)

$32.91 €29.49

$29.31 FOK 196

12.28%

Taxi Start (Normal Tariff)

$4.43 €3.97

$11.84 FOK 79.3

-62.58%

Taxi (Normal Tariff) (1km)

$1.47 €1.31

Taxi 1hour Waiting (Normal Tariff)

$24.98 €22.39

Gasoline (1 liter)

$1.77 €1.59

$1.82 FOK 12.20

-2.75%

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)

$149 €134

$130 FOK 868

15.21%

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

$17.67 €15.84

$43.43 FOK 291

-59.31%

Internet (50+ Mbps, Unlimited Data)

$31.88 €28.57

$78.3 FOK 525

-59.28%

Gym Membership (Monthly)

$44.24 €39.64

$50.7 FOK 340

-12.81%

Tennis Court (1 Hour on Weekend)

$15.29 €13.70

Cinema Ticket

$9.66 €8.66

$15.95 FOK 107

-39.44%

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

$544 €488

$490 FOK 3,282

11.10%

International Primary School, 1 Child (Yearly)

$10.6K €9,504

Jeans (Levis 501 Or Similar)

$84.9 €76.1

$140 FOK 936

-39.24%

Summer Dress (H&M, Zara, etc)

$37.11 €33.26

$59.2 FOK 397

-37.34%

Sport Shoes (Adidas, Nike)

$89.2 €79.9

$163 FOK 1,095

-45.41%

Men's Leather Business Shoes

$106 €94.8

$249 FOK 1,666

-57.47%

1-bedroom Apartment, City Center (Monthly)

$1,056 €947

$1,065 FOK 7,133

-0.76%

1-bedroom Apartment, Outside City Center (Monthly)

$808 €724

$908 FOK 6,085

-11.05%

3-bedroom Apartment, City Center (Monthly)

$1,621 €1,453

$1,887 FOK 12.6K

-14.11%

3-bedroom Apartment, Outside City Center (Monthly)

$1,246 €1,117

$1,367 FOK 9,158

-8.83%

Buy Apartment in City Center (m2)

$4,135 €3,706

$4,606 FOK 30.9K

-10.21%

Buy Apartment Outside City Center (m2)

$2,633 €2,359

$4,556 FOK 30.5K

-42.21%

Average Monthly Net Salary (After Tax)

$1,999 €1,791

$2,265 FOK 15.2K

-11.75%

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 Spain: October 24, 2026

Last update for the Faroe Islands: October 27, 2026

Monthly budget structure

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

Accommodation & Living

Spain

$808 45.5%

Faroe Islands

$908 35.4% 12.4% $100

Groceries & Markets

Spain

$272 15.3%

Faroe Islands

$537 20.9% 97.6% $265

Eating Out

Spain

$239 13.5%

Faroe Islands

$469 18.3% 95.7% $229

Monthly Utilities & Internet

Spain

$199 11.2%

Faroe Islands

$251 9.8% 26.4% $52

Clothing & Footwear

Spain

$143 8%

Faroe Islands

$275 10.7% 92.8% $132

Sport & Entertainment

Spain

$64 3.6%

Faroe Islands

$83 3.2% 30% $19

Getting Around

Spain

$51 2.9%

Faroe Islands

$41 * 1.6% 19.7% $10

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

Cost Breakdown

Average rent: $920 in Spain vs $1,063 in the Faroe Islands. For reference, capital cities sit at $1,508 in Madrid and $1,063 in Torshavn.

Average salary: $1,972 in Spain vs $2,138 in the Faroe Islands. 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

🇪🇸 Spain

🇫🇴 Faroe Islands

🕒 Local time

18:12 6:12 PM

17:12 5:12 PM

1 h behind Spain

🌤 Weather

👥 Population

47,415,750

54,149

💱 Currency

Euro EUR €

Faroese Króna FOK kr

📈 Exchange rate

1 EUR = 1.12 USD

1 FOK = 0.149 USD

1 FOK = 0.134 EUR

Exchange rates and currency converter

On the map

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Between locations

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

From you

Spain
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

Spain vs Faroe Islands: 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.