Cost of Living in Faroe Islands - Updated Prices & Insights

Name: Faroe Islands
Address: FO

Solo nomad: Estimated monthly costs are $1,469 (excluding rent), and $2,382 including rent.

Family of 3: Estimated monthly costs are $3,309 (excluding rent), and $5,105 including rent.

Meal at Budget Restaurant

$21.04 FOK 135

$15.11 FOK 97.2

$31.16 FOK 200

Three-Course Dinner for Two, Mid-Range

$158 FOK 1,017

$63.3 FOK 407

$174 FOK 1,119

Fast Food Meal (McDonalds, etc)

$19.69 FOK 127

$19.04 FOK 122

$19.79 FOK 127

Cappuccino

$6.92 FOK 44.51

$3.48 FOK 22.35

$8.19 FOK 52.6

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

$3.24 FOK 20.81

$2.82 FOK 18.14

$3.92 FOK 25.23

Water (0.33 liter bottle)

$2.69 FOK 17.3

$2.21 FOK 14.22

$3.16 FOK 20.31

Local Beer (0.5 liter draught)

$9.51 FOK 61.2

$11.09 FOK 71.3

Imported Beer (0.33 liter bottle)

$9.03 FOK 58.1

$7.53 FOK 48.41

$14.6 FOK 93.9

Milk (1 liter)

$2.35 FOK 15.09

$2.06 FOK 13.25

$2.69 FOK 17.32

White Bread (500g)

$4.17 FOK 26.81

$3.33 FOK 21.41

$11.3 FOK 72.6

Rice (white) (1kg)

$3.8 FOK 24.4

$1.85 FOK 11.88

$5.75 FOK 36.99

Eggs

$5.32 FOK 34.23

$3.63 FOK 23.36

$7.09 FOK 45.59

Local Cheese (1kg)

$14.55 FOK 93.6

$11.46 FOK 73.7

$18.44 FOK 119

Chicken Fillets (1kg)

$14.28 FOK 91.8

$13.62 FOK 87.6

$15.29 FOK 98.3

Beef Round Steak (1kg)

$27.47 FOK 177

Apples (1kg)

$2.78 FOK 17.87

$2.38 FOK 15.31

$3.17 FOK 20.37

Banana (1kg)

$2.59 FOK 16.66

$2.36 FOK 15.16

$2.82 FOK 18.15

Oranges (1kg)

$3.13 FOK 20.13

Tomato (1kg)

$2.45 FOK 15.74

$1.84 FOK 11.81

$3.06 FOK 19.68

Potato (1kg)

$2.53 FOK 16.27

$2.3 FOK 14.81

$2.76 FOK 17.73

Onion (1kg)

$3.3 FOK 21.22

$3.14 FOK 20.18

$3.45 FOK 22.2

Lettuce (1 head)

$2.42 FOK 15.58

Water (1.5 liter bottle)

$3.42 FOK 22

$2.37 FOK 15.26

$4.74 FOK 30.45

Cigarettes 20 Pack (Marlboro, Camel)

$10.91 FOK 70.2

$10.14 FOK 65.2

$11.69 FOK 75.2

Wine (Bottle)

$12.58 FOK 80.9

$11.79 FOK 75.8

$14.15 FOK 91

Local Beer (0.5 liter bottle)

$2.2 FOK 14.13

$2.11 FOK 13.56

$2.28 FOK 14.69

Imported Beer (0.33 liter bottle)

$3.02 FOK 19.41

$1.9 FOK 12.24

$3.97 FOK 25.53

One-way Ticket (Public Transport)

Taxi Start (Normal Tariff)

$11.51 FOK 74

$10.74 FOK 69

$12.27 FOK 78.9

Taxi 1hour Waiting (Normal Tariff)

$51.5 FOK 331

Gasoline (1 liter)

$2.06 FOK 13.27

$1.41 FOK 9.06

$2.34 FOK 15.08

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

$39.8K FOK 256K

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

$52.8K FOK 339.7K

$49.7K FOK 319.7K

$55.9K FOK 359.7K

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

$140 FOK 903

$71.1 FOK 457

$195 FOK 1,252

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

$40.88 FOK 263

$37.74 FOK 243

$44.03 FOK 283

Internet (50+ Mbps, Unlimited Data)

$63.7 FOK 409

$61.1 FOK 393

$68.8 FOK 442

Gym Membership (Monthly)

$50.2 FOK 323

$21.71 FOK 140

$62 FOK 399

Cinema Ticket

$16.95 FOK 109

$15.77 FOK 101

$17.35 FOK 112

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

$425 FOK 2,732

$283 FOK 1,822

$567 FOK 3,643

Jeans (Levis 501 Or Similar)

$144 FOK 929

$92.5 FOK 595

$185 FOK 1,189

Summer Dress (H&M, Zara, etc)

$61.7 FOK 397

$54 FOK 347

$69.4 FOK 446

Sport Shoes (Adidas, Nike)

$156 FOK 1,001

$123 FOK 791

$192 FOK 1,235

Men's Leather Business Shoes

$219 FOK 1,406

$122 FOK 785

$244 FOK 1,569

1-bedroom Apartment, City Center (Monthly)

$1,052 FOK 6,763

$631 FOK 4,058

$1,578 FOK 10.1K

1-bedroom Apartment, Outside City Center (Monthly)

$892 FOK 5,734

$629 FOK 4,048

$1,259 FOK 8,095

3-bedroom Apartment, City Center (Monthly)

$1,885 FOK 12.1K

$1,571 FOK 10.1K

$2,356 FOK 15.2K

3-bedroom Apartment, Outside City Center (Monthly)

$1,397 FOK 8,982

$1,097 FOK 7,056

$1,881 FOK 12.1K

Buy Apartment in City Center (m2)

$3,486 FOK 22.4K

$2,576 FOK 16.6K

$4,548 FOK 29.2K

Buy Apartment Outside City Center (m2)

$3,520 FOK 22.6K

$883 FOK 5,679

$7,324 FOK 47.1K

Average Monthly Net Salary (After Tax)

$2,109 FOK 13.6K

20-Year Fixed Mortgage Interest Rate (Annual %)

2.99

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

Last update: November 25, 2025

Digital Nomad Cost of Living Index

Cost of Living in Faroe Islands - Frequently Asked Questions

Life here sits on the higher end of the cost spectrum compared with many popular destinations, but the overall value depends on what you’re seeking. If nature, safety, and efficient public services matter to you, the Faroe Islands often deliver. Expat and digital nomad setups tend to justify the higher everyday costs when you gain stable internet, short commutes, and a compact, scenic environment. Housing can be scarce and seasonal, yet long stays with flexible arrangements can reduce friction. Cost of Living in Faroe Islands reflects the trade-offs between seclusion and convenience. Tip: plan around ferry schedules and seasonal shifts to optimize value.

Daily life hinges on a few practical anchors: you’ll want to lock in housing before peak seasons, bargain on longer stays, and expect energy bills to reflect variable island weather. Groceries favour seasonal produce and local fish, while dining options range from modest cafés to specialty eateries that celebrate local produce. Transportation is reliable but limited by geography – expect ferry or small-air connections and car or bike sharing for longer trips. coworking spaces offer quiet work areas and meeting rooms, though hours may vary by season. Faroe Islands living cost can feel concentrated in housing and transport, so budget for those shifts. Tip: use off-peak times for errands to save time and money.

To balance budget and well-being, blend seasonal planning with neighborhood scouting. Target areas that fit your pace – cozy hamlets near a capital link or small towns with libraries, cafés, and stable wifi can feel livable without being crowded. Use a mix of long-term rentals and flexible short-term options to test neighborhoods across seasons. Shop local markets, learn batch cooking, and share rides or bikes to cut daily transport costs. Weather and daylight shift routines – use daylight to maximize outdoor work or exploration, and adjust errands to daylight hours. Tip: build a simple monthly framework that tracks fixed costs, variable spend, and seasonal gaps.