Cost of Living in Faroe Islands - Updated Prices & Insights

Name: Faroe Islands
Address: FO

Solo nomad: Estimated monthly costs are $1,334 (excluding rent), and $2,345 including rent.

Family of 3: Estimated monthly costs are $4,000 (excluding rent), and $5,018 including rent.

Meal at Budget Restaurant

$21.19 FOK 136

$15.22 FOK 97.9

$31.38 FOK 202

Three-Course Dinner for Two, Mid-Range

$156 FOK 1,003

$62.4 FOK 401

$172 FOK 1,103

Fast Food Meal (McDonalds, etc)

$20.04 FOK 129

$19.37 FOK 125

$20.14 FOK 129

Cappuccino

$6.86 FOK 44.10

$3.44 FOK 22.15

$8.11 FOK 52.2

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

$3.16 FOK 20.29

$2.75 FOK 17.69

$3.83 FOK 24.60

Water (0.33 liter bottle)

$2.66 FOK 17.11

$2.19 FOK 14.07

$3.13 FOK 20.09

Local Beer (0.5 liter draught)

$9.42 FOK 60.6

$10.98 FOK 70.6

Imported Beer (0.33 liter bottle)

$9.04 FOK 58.1

$7.53 FOK 48.42

$14.61 FOK 93.9

Milk (1 liter)

$2.35 FOK 15.13

$2.07 FOK 13.29

$2.70 FOK 17.37

White Bread (500g)

$4.16 FOK 26.74

$3.32 FOK 21.35

$11.27 FOK 72.5

Rice (white) (1kg)

$3.71 FOK 23.83

$1.80 FOK 11.60

$5.62 FOK 36.12

Eggs

$5.36 FOK 34.49

$3.66 FOK 23.54

$7.15 FOK 45.94

Local Cheese (1kg)

$14.75 FOK 94.8

$11.62 FOK 74.7

$18.70 FOK 120

Chicken Fillets (1kg)

$14.51 FOK 93.3

$13.84 FOK 89.0

$15.54 FOK 99.9

Beef Round Steak (1kg)

$27.52 FOK 177

Apples (1kg)

$2.67 FOK 17.14

$2.28 FOK 14.68

$3.04 FOK 19.54

Banana (1kg)

$2.61 FOK 16.75

$2.37 FOK 15.25

$2.84 FOK 18.26

Oranges (1kg)

$3.15 FOK 20.28

Tomato (1kg)

$2.44 FOK 15.68

$1.83 FOK 11.76

$3.05 FOK 19.60

Potato (1kg)

$2.61 FOK 16.76

$2.37 FOK 15.26

$2.84 FOK 18.27

Onion (1kg)

$3.24 FOK 20.81

$3.08 FOK 19.79

$3.39 FOK 21.77

Lettuce (1 head)

$2.51 FOK 16.14

Water (1.5 liter bottle)

$3.42 FOK 21.98

$2.37 FOK 15.24

$4.73 FOK 30.42

Cigarettes 20 Pack (Marlboro, Camel)

$10.75 FOK 69.1

$9.99 FOK 64.2

$11.52 FOK 74.1

Wine (Bottle)

$12.41 FOK 79.8

$11.63 FOK 74.8

$13.96 FOK 89.8

Local Beer (0.5 liter bottle)

$2.23 FOK 14.33

$2.14 FOK 13.76

$2.32 FOK 14.90

Imported Beer (0.33 liter bottle)

$3.03 FOK 19.51

$1.91 FOK 12.30

$3.99 FOK 25.66

One-way Ticket (Public Transport)

Taxi Start (Normal Tariff)

$11.83 FOK 76.1

$11.04 FOK 71.0

$12.61 FOK 81.1

Taxi 1hour Waiting (Normal Tariff)

$51.5 FOK 331

Gasoline (1 liter)

$2.01 FOK 12.94

$1.37 FOK 8.84

$2.29 FOK 14.70

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

$40.5K FOK 260.4K

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

$52.2K FOK 335.6K

$49.1K FOK 315.8K

$55.3K FOK 355.3K

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

$142 FOK 910

$71.7 FOK 461

$196 FOK 1,263

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

$39.81 FOK 256

$36.75 FOK 236

$42.88 FOK 276

Internet (50+ Mbps, Unlimited Data)

$64.3 FOK 413

$61.7 FOK 397

$69.4 FOK 446

Gym Membership (Monthly)

$50.3 FOK 323

$21.74 FOK 140

$62.1 FOK 400

Cinema Ticket

$16.91 FOK 109

$15.73 FOK 101

$17.31 FOK 111

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

$422 FOK 2,712

$281 FOK 1,808

$562 FOK 3,616

Jeans (Levis 501 Or Similar)

$143 FOK 919

$91.5 FOK 588

$183 FOK 1,176

Summer Dress (H&M, Zara, etc)

$63.2 FOK 406

$55.3 FOK 356

$71.1 FOK 457

Sport Shoes (Adidas, Nike)

$158 FOK 1,013

$125 FOK 801

$195 FOK 1,251

Men's Leather Business Shoes

$221 FOK 1,418

$123 FOK 792

$246 FOK 1,583

1-bedroom Apartment, City Center (Monthly)

$1,032 FOK 6,638

$619 FOK 3,983

$1,548 FOK 9,957

1-bedroom Apartment, Outside City Center (Monthly)

$875 FOK 5,627

$618 FOK 3,972

$1,235 FOK 7,944

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)

$1,368 FOK 8,793

$1,074 FOK 6,908

$1,842 FOK 11.8K

Buy Apartment in City Center (m2)

$3,661 FOK 23.5K

$2,735 FOK 17.6K

$4,759 FOK 30.6K

Buy Apartment Outside City Center (m2)

$4,766 FOK 30.6K

$2,319 FOK 14.9K

$7,213 FOK 46.4K

Average Monthly Net Salary (After Tax)

$2,351 FOK 15.1K

20-Year Fixed Mortgage Interest Rate (Annual %)

2.99

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

Last update: January 12, 2026

By City in Faroe Islands

Lowest

Highest

Rank	City	Population	Living Index	Solo costs (no rent) / month	Solo costs (with rent) / month	Family of 3 costs (no rent) / month	Family of 3 costs (with rent) / month	Mobile download speed (Mbps)	Internet download speed (Mbps)
1	Klaksvik	4800		$352	$357	$790	$1,967	63.59	75.53
2	Nordragota	600		$445	$487	$2,159	$1,889	70	95.6
3	Sumba	300		$199	$218	$381	$371	16.53	95.37
4	Torshavn	14145	115	$1,292	$2,319	$3,328	$4,848	23	80.11
5	Vestmanna	1200		$732	$1,453	$1,811	$2,838	122.75	96.08

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.