Last update: Oct 2026

Cost of Living Comparison Between Torshavn and Austin, TX

For one person, living is cheaper in Torshavn: $2,524 a month against $2,704 in Austin, TX, rent and utilities included – about $2,200 less a year. Higher rent and utilities in Austin, TX outweigh lower spending on other living expenses.

123

Cost of Living Index in Torshavn
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Torshavn Living Index
129

Cost of Living Index in Austin, TX
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Austin, TX Living Index

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Torshavn

🇫🇴 Faroe Islands

$2,524

/mo nomad

Austin, TX

🇺🇸 United States

$2,704

/mo nomad

Monthly Cost of Living

How much you'll spend in Torshavn and in Austin, TX

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

Monthly costs for one person with rent: $2,524 in Torshavn versus $2,704 in Austin, TX.

Torshavn $2,524
Austin, TX $2,704

Estimated couple costs with rent: $3,982 in Torshavn versus $4,133 in Austin, TX.

Torshavn $3,982
Austin, TX $4,133

Monthly costs for a family of three with rent: $5,441 in Torshavn versus $5,562 in Austin, TX.

Torshavn $5,441
Austin, TX $5,562

Living in Torshavn costs roughly 7% less than in Austin, TX, and outside of rent the biggest gap is in clothing.

Both cities are pricier than the global median: Torshavn 88% above, Austin, TX 102% above.

Meal at Budget Restaurant

$26.65 FOK 178

$20.22 $20.22

31.80%

Three-Course Dinner for Two, Mid-Range

$152 FOK 1,012

$85.0 $85.0

78.17%

Fast Food Meal (McDonalds, etc)

$19.79 FOK 132

$12.35 $12.35

60.24%

Cappuccino

$6.96 FOK 46.49

$5.47 $5.47

27.24%

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

$3.16 FOK 21.11

$3.82 $3.82

-17.28%

Water (0.33 liter bottle)

$2.69 FOK 17.99

$2.50 $2.50

7.60%

Local Beer (0.5 liter draught)

$9.37 FOK 62.6

$8.06 $8.06

16.25%

Imported Beer (0.33 liter bottle)

$9.12 FOK 61.0

$8.99 $8.99

1.45%

Milk (1 liter)

$2.33 FOK 15.54

$1.13 $1.13

106.19%

White Bread (500g)

$4.87 FOK 32.53

$3.78 $3.78

28.84%

Rice (white) (1kg)

$2.99 FOK 19.95

$3.25 $3.25

-8.00%

Eggs

$6.55 FOK 43.77

$4.14 $4.14

58.21%

Local Cheese (1kg)

$16.45 FOK 110

$13.08 $13.08

25.76%

Chicken Fillets (1kg)

$14.33 FOK 95.7

$14.31 $14.31

0.14%

Beef Round Steak (1kg)

$17.73 FOK 118

$15.96 $15.96

11.09%

Apples (1kg)

$4.09 FOK 27.31

$4.38 $4.38

-6.62%

Banana (1kg)

$5.66 FOK 37.84

$1.45 $1.45

290.34%

Oranges (1kg)

$5.93 FOK 39.62

$4.54 $4.54

30.62%

Tomato (1kg)

$5.21 FOK 34.80

$4.19 $4.19

24.34%

Potato (1kg)

$3.66 FOK 24.47

$2.63 $2.63

39.16%

Onion (1kg)

$4.63 FOK 30.95

$2.36 $2.36

96.19%

Lettuce (1 head)

$3.21 FOK 21.44

$1.76 $1.76

82.39%

Water (1.5 liter bottle)

$3.84 FOK 25.65

$2.16 $2.16

77.78%

Cigarettes 20 Pack (Marlboro, Camel)

$11.14 FOK 74.4

$9.81 $9.81

13.56%

Wine (Bottle)

$13.77 FOK 92.0

$14.72 $14.72

-6.45%

Local Beer (0.5 liter bottle)

$4.13 FOK 27.60

$2.78 $2.78

48.56%

Imported Beer (0.33 liter bottle)

$2.93 FOK 19.57

$3.48 $3.48

-15.80%

One-way Ticket (Public Transport)

$1.49 $1.49

Public Transport Monthly Pass (Regular Price)

$30.56 FOK 204

$40.51 $40.51

-24.56%

Taxi Start (Normal Tariff)

$15.18 FOK 101

$2.67 $2.67

468.54%

Taxi (Normal Tariff) (1km)

$1.58 $1.58

Taxi 1hour Waiting (Normal Tariff)

$35.29 $35.29

Gasoline (1 liter)

$1.70 FOK 11.36

$0.99 $0.99

71.72%

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

$35.8K $35.8K

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

$27.2K $27.2K

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

$130 FOK 865

$219 $219

-40.91%

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

$44.35 FOK 296

$58.0 $58.0

-23.52%

Internet (50+ Mbps, Unlimited Data)

$90.9 FOK 607

$68.4 $68.4

32.93%

Gym Membership (Monthly)

$55.3 FOK 370

$57.9 $57.9

-4.42%

Tennis Court (1 Hour on Weekend)

$14.82 $14.82

Cinema Ticket

$16.05 FOK 107

$14.13 $14.13

13.59%

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

$489 FOK 3,270

$1,509 $1,509

-67.56%

International Primary School, 1 Child (Yearly)

$21.5K $21.5K

Jeans (Levis 501 Or Similar)

$141 FOK 944

$51.7 $51.7

173.46%

Summer Dress (H&M, Zara, etc)

$59.4 FOK 397

$44.05 $44.05

34.80%

Sport Shoes (Adidas, Nike)

$166 FOK 1,108

$85.1 $85.1

94.99%

Men's Leather Business Shoes

$248 FOK 1,655

$105 $105

135.26%

1-bedroom Apartment, City Center (Monthly)

$1,096 FOK 7,324

$1,932 $1,932

-43.26%

1-bedroom Apartment, Outside City Center (Monthly)

$890 FOK 5,947

$1,272 $1,272

-30.03%

3-bedroom Apartment, City Center (Monthly)

$1,842 FOK 12.3K

$3,670 $3,670

-49.82%

3-bedroom Apartment, Outside City Center (Monthly)

$1,411 FOK 9,425

$2,525 $2,525

-44.12%

Buy Apartment in City Center (m2)

$4,520 FOK 30.2K

$7,617 $7,617

-40.66%

Buy Apartment Outside City Center (m2)

$4,718 FOK 31.5K

$3,199 $3,199

47.45%

Average Monthly Net Salary (After Tax)

$3,205 FOK 21.4K

$5,105 $5,105

-37.21%

20-Year Fixed Mortgage Interest Rate (Annual %)

6.79

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

Last update for Torshavn: October 4, 2026

Last update for Austin, TX: October 5, 2026

Monthly budget structure

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

Accommodation & Living

Torshavn

$890 35.2%

Austin, TX

$1.3K 48.2% 42.9% $382

Groceries & Markets

Torshavn

$522 20.6%

Austin, TX

$403 15.3% 22.8% $119

Eating Out

Torshavn

$445 17.6%

Austin, TX

$348 13.2% 21.7% $97

Clothing & Footwear

Torshavn

$276 10.9%

Austin, TX

$129 4.9% 53.4% $148

Monthly Utilities & Internet

Torshavn

$265 10.5%

Austin, TX

$346 13.1% 30.5% $81

Sport & Entertainment

Torshavn

$87 3.5%

Austin, TX

$86 3.3% 1.5% $1.3

Getting Around

Torshavn

$46 * 1.8%

Austin, TX

$57 2.2% 24.7% $11

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

Cost Breakdown

A one-bedroom apartment in the center runs $1,096 in Torshavn and $1,932 in Austin, TX. Housing cost is often the main lever when comparing two cities.

Austin, TX pays 59% more on average. The extra income cushions the higher costs, though housing choices and lifestyle decide how much of the gap is truly closed.

Dining out: $152 in Torshavn vs $85.0 in Austin, TX for a mid-range dinner for two. Groceries echo the gap at $522 vs $403 per month, with Austin, TX cheaper across the board.

Good to know

🇫🇴 Torshavn

🇺🇸 Austin, TX

🕒 Local time

11:41 11:41 AM

05:41 5:41 AM

6 h behind Torshavn

🌤 Weather

👥 Population

14,145 Capital

974,447

💱 Currency

Faroese Króna FOK kr

United States Dollar USD $

📈 Exchange rate

1 FOK = 0.15 USD

1 FOK = 0.134 EUR

1 USD = 0.892 EUR

Exchange rates and currency converter

USD, EUR to FOK – Faroese Króna Converter

🇺🇸 United States Dollar ($)

🇫🇴 Faroese Króna (kr)

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).

United States Dollar exchange rates as of October 10, 2026: 1 EUR = 1.12 USD (1 USD = 0.892 EUR).

USD to FOK in detail →

On the map

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Between locations

Torshavn Austin, TX 7,120 km ≈ 9 h nonstop flight

From you

Torshavn
Austin, TX

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

Torshavn vs Austin, TX: Cost of Living - Frequently Asked Questions

Torshavn wins on cost – living expenses run 7% lower than in Austin, TX. Housing and daily spending are where you'll feel the difference most, making Torshavn the obvious pick if budget is a priority.

On paper, salaries run 59% lower in Austin, TX. That's worth factoring in alongside costs, though remote workers earning in a stronger currency may not notice the difference at all.

Rent for a central apartment: $1,096 in Torshavn versus $1,932 in Austin, TX. Housing is usually the single largest factor when comparing overall living costs between the two.

All in, you'll spend $2,524 per month in Torshavn versus $2,704 in Austin, TX – a 7% gap that adds up to real savings over time for anyone picking the cheaper option.

A monthly transit pass in Torshavn runs roughly 33% less than in Austin, TX. Both cities have functional networks, but the price difference matters if you're watching your budget.

Both cities are expensive relative to $3,000. Torshavn is the more realistic option, but even there you'll need to be disciplined with housing, food, and fun money.

Both work as nomad bases, but Torshavn delivers better value – similar infrastructure at $2,524 monthly. If stretching your runway or maximizing savings is the goal, the price difference makes Torshavn hard to pass up.

Safety-wise, Torshavn and Austin, TX are on par. Petty crime is typical for cities this size, and most residents feel comfortable going about their daily routines in either place.

Expats usually find Torshavn gentler on the wallet – expenses run 7% less than in Austin, TX. Beyond cost, consider language, visa policies, and how big the international community is in each city.