Cost of Living in Faroe Islands - Updated Prices & Insights

103.14

Solo nomad: Estimated monthly costs are $1,323 (excluding rent), and $2,369 including rent.

Family of 3: Estimated monthly costs are $3,497 (excluding rent), and $5,044 including rent.

Meal at Budget Restaurant

$21.15 FOK 137

$15.2 FOK 98.6

$31.33 FOK 203

Three-Course Dinner for Two, Mid-Range

$157 FOK 1,017

$62.7 FOK 407

$172 FOK 1,118

Fast Food Meal (McDonalds, etc)

$19.96 FOK 130

$19.29 FOK 125

$20.06 FOK 130

Cappuccino

$6.96 FOK 45.16

$3.49 FOK 22.68

$8.23 FOK 53.4

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

$3.28 FOK 21.31

$2.86 FOK 18.58

$3.98 FOK 25.84

Water (0.33 liter bottle)

$2.6 FOK 16.89

$2.14 FOK 13.88

$3.06 FOK 19.83

Local Beer (0.5 liter draught)

$9.46 FOK 61.4

$11.04 FOK 71.6

Imported Beer (0.33 liter bottle)

$9.34 FOK 60.7

$7.79 FOK 50.6

$15.11 FOK 98

Milk (1 liter)

$2.27 FOK 14.74

$1.99 FOK 12.95

$2.61 FOK 16.92

White Bread (500g)

$4.25 FOK 27.55

$3.39 FOK 22

$11.5 FOK 74.7

Rice (white) (1kg)

$3.72 FOK 24.12

$1.81 FOK 11.75

$5.63 FOK 36.56

Eggs

$5.51 FOK 35.74

$3.76 FOK 24.39

$7.34 FOK 47.61

Local Cheese (1kg)

$14.58 FOK 94.6

$11.48 FOK 74.5

$18.48 FOK 120

Chicken Fillets (1kg)

$14.55 FOK 94.4

$13.88 FOK 90.1

$15.59 FOK 101

Beef Round Steak (1kg)

$28.22 FOK 183

Apples (1kg)

$2.77 FOK 17.97

$2.37 FOK 15.39

$3.16 FOK 20.48

Banana (1kg)

$2.6 FOK 16.87

$2.37 FOK 15.36

$2.83 FOK 18.39

Oranges (1kg)

$3.15 FOK 20.44

Tomato (1kg)

$2.51 FOK 16.26

$1.88 FOK 12.19

$3.13 FOK 20.32

Potato (1kg)

$2.53 FOK 16.43

$2.3 FOK 14.95

$2.76 FOK 17.91

Onion (1kg)

$3.31 FOK 21.47

$3.15 FOK 20.41

$3.46 FOK 22.45

Lettuce (1 head)

$2.49 FOK 16.18

Water (1.5 liter bottle)

$3.29 FOK 21.38

$2.28 FOK 14.82

$4.56 FOK 29.58

Cigarettes 20 Pack (Marlboro, Camel)

$11.06 FOK 71.8

$10.28 FOK 66.7

$11.86 FOK 77

Wine (Bottle)

$12.16 FOK 78.9

$11.41 FOK 74.1

$21.29 FOK 138

Local Beer (0.5 liter bottle)

$2.28 FOK 14.79

$2.19 FOK 14.2

$2.37 FOK 15.38

Imported Beer (0.33 liter bottle)

$2.94 FOK 19.06

$1.85 FOK 12.02

$3.86 FOK 25.07

One-way Ticket (Public Transport)

Taxi Start (Normal Tariff)

$11.75 FOK 76.3

$10.97 FOK 71.2

$12.53 FOK 81.3

Taxi 1hour Waiting (Normal Tariff)

$53.1 FOK 345

Gasoline (1 liter)

$2.08 FOK 13.53

$1.42 FOK 9.24

$2.37 FOK 15.38

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

$40K FOK 259.8K

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

$52.5K FOK 340.9K

$49.4K FOK 320.8K

$55.6K FOK 360.9K

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

$142 FOK 922

$71.9 FOK 467

$197 FOK 1,278

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

$40.72 FOK 264

$37.6 FOK 244

$43.86 FOK 285

Internet (50+ Mbps, Unlimited Data)

$65.9 FOK 428

$63.3 FOK 410

$71.2 FOK 462

Gym Membership (Monthly)

$50.3 FOK 327

$21.77 FOK 141

$62.2 FOK 404

Cinema Ticket

$16.82 FOK 109

$15.65 FOK 102

$17.21 FOK 112

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

$421 FOK 2,729

$280 FOK 1,820

$561 FOK 3,639

Jeans (Levis 501 Or Similar)

$145 FOK 943

$93.1 FOK 604

$186 FOK 1,208

Summer Dress (H&M, Zara, etc)

$62.4 FOK 405

$54.6 FOK 354

$70.2 FOK 455

Sport Shoes (Adidas, Nike)

$157 FOK 1,022

$124 FOK 807

$194 FOK 1,262

Men's Leather Business Shoes

$222 FOK 1,440

$124 FOK 804

$248 FOK 1,608

1-bedroom Apartment, City Center (Monthly)

$1,015 FOK 6,586

$609 FOK 3,952

$1,522 FOK 9,879

1-bedroom Apartment, Outside City Center (Monthly)

$885 FOK 5,745

$625 FOK 4,056

$1,250 FOK 8,111

3-bedroom Apartment, City Center (Monthly)

$1,843 FOK 12K

$1,536 FOK 9,968

$2,304 FOK 15K

3-bedroom Apartment, Outside City Center (Monthly)

$1,387 FOK 9,000

$1,090 FOK 7,071

$1,868 FOK 12.1K

Buy Apartment in City Center (m2)

$3,603 FOK 23.4K

$2,723 FOK 17.7K

$4,664 FOK 30.3K

Buy Apartment Outside City Center (m2)

$3,887 FOK 25.2K

$2,157 FOK 14K

$7,191 FOK 46.7K

Average Monthly Net Salary (After Tax)

$2,255 FOK 14.6K

20-Year Fixed Mortgage Interest Rate (Annual %)

2.99

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

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.