Cost of Living Comparison Between Torshavn and Da Nang Cost of Living Comparison Between Torshavn and Da Nang

Monthly Cost of Living

A single person spends $2,255 per month in Torshavn vs $720 in Da Nang, rent included.

A couple spends around $3,581 per month in Torshavn vs $1,104 in Da Nang, rent included.

A family of three spends $4,908 per month in Torshavn vs $1,488 in Da Nang, rent included.

Torshavn costs about 213% more than Da Nang, driven mainly by Eating Out.

Torshavn sits 68% above the global median, while Da Nang is 46% below – they fall on opposite sides of the world average.

Meal at Budget Restaurant

$22.87 FOK 147

$1.97 ₫51.8K

1060.91%

Three-Course Dinner for Two, Mid-Range

$140 FOK 895

$18.92 ₫497.2K

637.84%

Fast Food Meal (McDonalds, etc)

$19.96 FOK 128

$4.60 ₫120.8K

333.91%

Cappuccino

$6.96 FOK 44.60

$1.63 ₫42.9K

326.99%

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

$3.28 FOK 21.01

$0.50 ₫13.1K

556.00%

Water (0.33 liter bottle)

$2.61 FOK 16.73

$0.29 ₫7,495

800.00%

Local Beer (0.5 liter draught)

$9.50 FOK 60.9

$1.02 ₫26.9K

831.37%

Imported Beer (0.33 liter bottle)

$8.32 FOK 53.4

$1.60 ₫42.0K

420.00%

Milk (1 liter)

$2.33 FOK 14.94

$1.43 ₫37.5K

62.94%

White Bread (500g)

$3.92 FOK 25.15

$1.02 ₫26.9K

284.31%

Rice (white) (1kg)

$1.92 FOK 12.28

$1.15 ₫30.3K

66.96%

Eggs

$5.62 FOK 36.02

$1.42 ₫37.4K

295.77%

Local Cheese (1kg)

$12.55 FOK 80.4

$12.25 ₫321.8K

2.45%

Chicken Fillets (1kg)

$14.06 FOK 90.1

$3.63 ₫95.5K

287.33%

Beef Round Steak (1kg)

$10.13 ₫266.3K

Apples (1kg)

$2.38 FOK 15.25

$2.75 ₫72.2K

-13.45%

Banana (1kg)

$2.85 FOK 18.25

$1.00 ₫26.2K

185.00%

Oranges (1kg)

$3.04 FOK 19.49

$1.09 ₫28.6K

178.90%

Tomato (1kg)

$1.90 FOK 12.21

$1.07 ₫28.1K

77.57%

Potato (1kg)

$2.82 FOK 18.10

$1.13 ₫29.8K

149.56%

Onion (1kg)

$3.38 FOK 21.68

$1.15 ₫30.2K

193.91%

Lettuce (1 head)

$2.55 FOK 16.33

$1.04 ₫27.4K

145.19%

Water (1.5 liter bottle)

$2.76 FOK 17.72

$0.48 ₫12.6K

475.00%

Cigarettes 20 Pack (Marlboro, Camel)

$11.00 FOK 70.5

$1.36 ₫35.7K

708.82%

Wine (Bottle)

$12.43 FOK 79.7

$7.71 ₫202.5K

61.22%

Local Beer (0.5 liter bottle)

$2.12 FOK 13.62

$0.86 ₫22.7K

146.51%

Imported Beer (0.33 liter bottle)

$3.07 FOK 19.67

$1.66 ₫43.7K

84.94%

One-way Ticket (Public Transport)

$0.32 ₫8,325

Public Transport Monthly Pass (Regular Price)

$3.92 ₫103.0K

Taxi Start (Normal Tariff)

$12.19 FOK 78.2

$0.90 ₫23.6K

1254.44%

Taxi (Normal Tariff) (1km)

$0.69 ₫18.0K

Taxi 1hour Waiting (Normal Tariff)

$11.67 ₫306.7K

Gasoline (1 liter)

$2.13 FOK 13.65

$0.89 ₫23.4K

139.33%

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

$26.8K ₫705.1M

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

$55.8K FOK 357.8K

$28.1K ₫738.4M

98.61%

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

$133 FOK 855

$74.3 ₫2.0M

79.46%

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

$40.45 FOK 259

$5.71 ₫150.1K

608.41%

Internet (50+ Mbps, Unlimited Data)

$66.0 FOK 423

$8.07 ₫212.1K

717.47%

Gym Membership (Monthly)

$41.14 FOK 264

$20.37 ₫535.3K

101.96%

Tennis Court (1 Hour on Weekend)

$7.65 ₫201.0K

Cinema Ticket

$16.61 FOK 106

$3.11 ₫81.6K

434.08%

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

$548 FOK 3,512

$156 ₫4.1M

252.27%

International Primary School, 1 Child (Yearly)

$12.7K ₫333.9M

Jeans (Levis 501 Or Similar)

$150 FOK 963

$38.62 ₫1.0M

289.05%

Summer Dress (H&M, Zara, etc)

$60.8 FOK 390

$26.00 ₫683.1K

133.96%

Sport Shoes (Adidas, Nike)

$166 FOK 1,065

$52.7 ₫1.4M

215.00%

Men's Leather Business Shoes

$224 FOK 1,434

$75.8 ₫2.0M

195.42%

1-bedroom Apartment, City Center (Monthly)

$1,124 FOK 7,204

$360 ₫9.5M

212.20%

1-bedroom Apartment, Outside City Center (Monthly)

$918 FOK 5,885

$249 ₫6.5M

269.25%

3-bedroom Apartment, City Center (Monthly)

$1,964 FOK 12.6K

$727 ₫19.1M

170.19%

3-bedroom Apartment, Outside City Center (Monthly)

$1,494 FOK 9,579

$459 ₫12.0M

225.90%

Buy Apartment in City Center (m2)

$4,817 FOK 30.9K

$3,870 ₫101.7M

24.48%

Buy Apartment Outside City Center (m2)

$4,870 FOK 31.2K

$1,283 ₫33.7M

279.50%

Average Monthly Net Salary (After Tax)

$2,376 FOK 15.2K

$353 ₫9.3M

572.96%

20-Year Fixed Mortgage Interest Rate (Annual %)

10.67

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

Last update for Torshavn: May 31, 2026

Last update for Da Nang: May 30, 2026

Cost Breakdown

A central one-bedroom costs $1,124 in Torshavn versus $360 in Da Nang. Rent is usually the largest line item in a monthly budget, so the gap here sets the tone for the overall comparison.

Salaries run about 573% higher in Torshavn, which partly offsets the higher cost of living there. Purchasing power depends on which expenses matter most to you.

A mid-range dinner for two costs $140 in Torshavn versus $19.00 in Da Nang. Monthly groceries follow the same trend: $352 vs $188 – making Da Nang the more affordable choice for daily food spending.

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 Da Nang: Cost of Living - Frequently Asked Questions

Monthly costs with rent: $2,255 in Torshavn, $720 in Da Nang – roughly 213% apart. Torshavn costs more across the board, with Eating Out showing the biggest gap.

For a comfortable life, plan on about $3,382 per month in Torshavn and $1,080 in Da Nang. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

Rent is clearly cheaper in Da Nang, especially for central apartments. Housing is actually the single biggest factor behind the overall cost gap between these two cities.

Monthly expenses with rent come to $2,255 in Torshavn and $720 in Da Nang. The difference isn't just one category – it shows up across housing, food, transport, and services.

Kindergarten costs $548 per month in Torshavn and $156 in Da Nang. For families with young kids, this one expense can tip the scales when choosing between the two cities.

A $2,000 monthly budget goes further in Da Nang, where all-in costs run around $720, than in Torshavn at $2,255. In Da Nang it covers expenses comfortably, while in Torshavn it requires careful planning or may not stretch far enough.

It depends on your priorities. Da Nang has an edge in some lifestyle areas, with costs from $720 in Da Nang to $2,255 in Torshavn. Climate, culture, job market, and personal taste all factor in.

Both have safer and rougher neighborhoods, but overall safety is comparable to other large cities. Neighborhood choice matters more than the city-level comparison – central, well-trafficked areas feel secure in both.

If budget matters most, go with Da Nang. If higher salaries, better infrastructure, or specific career opportunities are the priority, Torshavn makes more sense. Both are solid long-term options with distinct trade-offs.