Last update: Oct 2026

Cost of Living Comparison Between Torshavn and Da Nang

For one person, living is cheaper in Da Nang: $863 a month against $2,504 in Torshavn, rent and utilities included – about $19,700 less a year. Other living expenses account for most of the difference.

122

Cost of Living Index in Torshavn
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Torshavn Living Index
42

Cost of Living Index in Da Nang
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Da Nang Living Index

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Torshavn

🇫🇴 Faroe Islands

$2,504

/mo nomad

Da Nang

🇻🇳 Vietnam

$863

/mo nomad

Monthly Cost of Living

How much you'll spend in Torshavn and in Da Nang

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 Da Nang actually costs, broken down by who's living it.

A single person spends $2,504 per month in Torshavn vs $863 in Da Nang, rent included.

Torshavn $2,504
Da Nang $863

A couple spends around $3,918 per month in Torshavn vs $1,404 in Da Nang, rent included.

Torshavn $3,918
Da Nang $1,404

A family of three spends $5,331 per month in Torshavn vs $1,945 in Da Nang, rent included.

Torshavn $5,331
Da Nang $1,945

Torshavn costs about 190% more than Da Nang, and outside of rent the biggest gap is in eating out.

Torshavn sits 86% above the global median, while Da Nang is 36% below – they fall on opposite sides of the world average.

Meal at Budget Restaurant

$26.03 FOK 173

$2.30 ₫59.4K

1031.74%

Three-Course Dinner for Two, Mid-Range

$147 FOK 975

$19.62 ₫508.0K

647.20%

Fast Food Meal (McDonalds, etc)

$19.59 FOK 130

$4.60 ₫119.1K

325.87%

Cappuccino

$7.02 FOK 46.67

$1.66 ₫43.0K

322.89%

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

$3.27 FOK 21.77

$0.61 ₫15.7K

436.07%

Water (0.33 liter bottle)

$2.68 FOK 17.80

$0.34 ₫8,877

688.24%

Local Beer (0.5 liter draught)

$9.26 FOK 61.6

$1.34 ₫34.6K

591.04%

Imported Beer (0.33 liter bottle)

$8.87 FOK 59.0

$2.36 ₫61.1K

275.85%

Milk (1 liter)

$2.22 FOK 14.76

$1.60 ₫41.5K

38.75%

White Bread (500g)

$4.81 FOK 32.00

$1.21 ₫31.3K

297.52%

Rice (white) (1kg)

$3.03 FOK 20.12

$1.00 ₫25.9K

203.00%

Eggs

$6.49 FOK 43.15

$1.51 ₫39.1K

329.80%

Local Cheese (1kg)

$16.36 FOK 109

$12.90 ₫333.9K

26.82%

Chicken Fillets (1kg)

$14.30 FOK 95.1

$4.29 ₫111.1K

233.33%

Beef Round Steak (1kg)

$17.71 FOK 118

$9.06 ₫234.6K

95.47%

Apples (1kg)

$3.96 FOK 26.34

$2.73 ₫70.6K

45.05%

Banana (1kg)

$5.41 FOK 35.96

$1.19 ₫30.8K

354.62%

Oranges (1kg)

$6.07 FOK 40.37

$1.29 ₫33.4K

370.54%

Tomato (1kg)

$5.19 FOK 34.49

$1.60 ₫41.3K

224.38%

Potato (1kg)

$3.56 FOK 23.69

$1.18 ₫30.4K

201.69%

Onion (1kg)

$4.50 FOK 29.95

$1.33 ₫34.3K

238.35%

Lettuce (1 head)

$3.35 FOK 22.27

$1.01 ₫26.1K

231.68%

Water (1.5 liter bottle)

$3.83 FOK 25.46

$0.53 ₫13.7K

622.64%

Cigarettes 20 Pack (Marlboro, Camel)

$11.06 FOK 73.6

$1.56 ₫40.3K

608.97%

Wine (Bottle)

$13.63 FOK 90.7

$7.93 ₫205.2K

71.88%

Local Beer (0.5 liter bottle)

$4.18 FOK 27.80

$0.88 ₫22.9K

375.00%

Imported Beer (0.33 liter bottle)

$3.04 FOK 20.24

$2.12 ₫54.9K

43.40%

One-way Ticket (Public Transport)

$0.32 ₫8,182

Public Transport Monthly Pass (Regular Price)

$29.71 FOK 198

$4.99 ₫129.3K

495.39%

Taxi Start (Normal Tariff)

$14.86 FOK 98.8

$1.05 ₫27.1K

1315.24%

Taxi (Normal Tariff) (1km)

$0.55 ₫14.3K

Taxi 1hour Waiting (Normal Tariff)

$19.50 ₫504.8K

Gasoline (1 liter)

$1.78 FOK 11.83

$0.95 ₫24.5K

87.37%

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

$30.9K ₫799.2M

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

$28.0K ₫724.6M

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

$126 FOK 836

$76.6 ₫2.0M

64.22%

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

$42.61 FOK 283

$6.47 ₫167.6K

558.58%

Internet (50+ Mbps, Unlimited Data)

$88.7 FOK 590

$8.08 ₫209.1K

998.27%

Gym Membership (Monthly)

$55.8 FOK 371

$24.98 ₫646.6K

123.22%

Tennis Court (1 Hour on Weekend)

$5.35 ₫138.6K

Cinema Ticket

$16.28 FOK 108

$3.07 ₫79.4K

430.29%

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

$481 FOK 3,196

$161 ₫4.2M

198.00%

International Primary School, 1 Child (Yearly)

$15.2K ₫392.3M

Jeans (Levis 501 Or Similar)

$137 FOK 913

$45.38 ₫1.2M

202.47%

Summer Dress (H&M, Zara, etc)

$60.0 FOK 399

$27.22 ₫704.7K

120.39%

Sport Shoes (Adidas, Nike)

$164 FOK 1,088

$100 ₫2.6M

63.50%

Men's Leather Business Shoes

$244 FOK 1,624

$80.9 ₫2.1M

202.02%

1-bedroom Apartment, City Center (Monthly)

$1,102 FOK 7,325

$529 ₫13.7M

108.23%

1-bedroom Apartment, Outside City Center (Monthly)

$885 FOK 5,887

$349 ₫9.0M

153.60%

3-bedroom Apartment, City Center (Monthly)

$1,896 FOK 12.6K

$1,053 ₫27.3M

79.97%

3-bedroom Apartment, Outside City Center (Monthly)

$1,356 FOK 9,015

$811 ₫21.0M

67.25%

Buy Apartment in City Center (m2)

$4,620 FOK 30.7K

$3,834 ₫99.3M

20.48%

Buy Apartment Outside City Center (m2)

$4,573 FOK 30.4K

$1,308 ₫33.9M

249.67%

Average Monthly Net Salary (After Tax)

$3,246 FOK 21.6K

$363 ₫9.4M

793.44%

20-Year Fixed Mortgage Interest Rate (Annual %)

10.72

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

Last update for Torshavn: October 12, 2026

Last update for Da Nang: October 12, 2026

Monthly budget structure

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

Accommodation & Living

Torshavn

$885 35.3%

Da Nang

$349 40.4% 60.6% $536

Groceries & Markets

Torshavn

$518 20.7%

Da Nang

$201 23.2% 61.3% $317

Eating Out

Torshavn

$439 17.5%

Da Nang

$67 7.8% 84.7% $372

Clothing & Footwear

Torshavn

$272 10.9%

Da Nang

$114 13.2% 58.1% $158

Monthly Utilities & Internet

Torshavn

$257 10.3%

Da Nang

$91 10.6% 64.6% $166

Sport & Entertainment

Torshavn

$88 3.5%

Da Nang

$31 3.6% 64.8% $57

Getting Around

Torshavn

$45 * 1.8%

Da Nang

$10 1.2% 77.4% $35

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

Cost Breakdown

A central one-bedroom costs $1,102 in Torshavn versus $529 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 793% 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 $147 in Torshavn versus $20.00 in Da Nang. Monthly groceries follow the same trend: $518 vs $201 – making Da Nang the more affordable choice for daily food spending.

Good to know

🇫🇴 Torshavn

🇻🇳 Da Nang

🕒 Local time

11:09 11:09 AM

17:09 5:09 PM

6 h ahead of Torshavn

🌤 Weather

👥 Population

14,145 Capital

1,245,200

💱 Currency

Faroese Króna FOK kr

Vietnamese Dong VND ₫

📈 Exchange rate

1 FOK = 0.15 USD

1 FOK = 0.134 EUR

100,000 VND = 3.86 USD

100,000 VND = 3.44 EUR

Exchange rates and currency converter

VND, USD, EUR to FOK – Faroese Króna Converter

🇺🇸 United States Dollar ($)

🇫🇴 Faroese Króna (kr)

Faroese Króna exchange rates as of October 19, 2026: 1 USD = 6.65 FOK (1 FOK = 0.15 USD). 1 EUR = 7.48 FOK (1 FOK = 0.134 EUR).

Vietnamese Dong exchange rates as of October 19, 2026: 1 USD = 25,889 VND (100,000 VND = 3.86 USD). 1 EUR = 29,105 VND (100,000 VND = 3.44 EUR).

USD to FOK in detail →

On the map

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Between locations

Torshavn Da Nang 9,660 km ≈ 13 h nonstop flight

From you

Torshavn
Da Nang

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 Da Nang: Cost of Living - Frequently Asked Questions

Monthly costs with rent: $2,504 in Torshavn, $863 in Da Nang – roughly 190% apart. Outside of rent, the biggest gap is in eating out.

For a comfortable life, plan on about $3,757 per month in Torshavn and $1,295 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.

Groceries cost about 158% more in Torshavn, though it depends on what you buy. Local produce may be comparable; imported and premium items show the biggest price gap.

A mid-range dinner for two costs $147 in Torshavn and $20.00 in Da Nang. That's a good indicator of the overall restaurant and café pricing gap between the two cities.

A $2,000 monthly budget goes further in Da Nang, where all-in costs run around $863, than in Torshavn at $2,504. 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 $863 in Da Nang to $2,504 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.