Cost of Living in Faroe Islands - Updated Prices & Insights

Name: Faroe Islands
Address: FO

Solo nomad: Estimated monthly costs are $1,390 (excluding rent), and $2,300 including rent.

Family of 3: Estimated monthly costs are $3,238 (excluding rent), and $5,072 including rent.

Meal at Budget Restaurant

$21.16 FOK 136

$15.20 FOK 97.8

$31.35 FOK 202

Three-Course Dinner for Two, Mid-Range

$154 FOK 989

$61.5 FOK 396

$169 FOK 1,088

Fast Food Meal (McDonalds, etc)

$20.33 FOK 131

$19.65 FOK 126

$20.43 FOK 131

Cappuccino

$6.78 FOK 43.59

$3.40 FOK 21.89

$8.02 FOK 51.6

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

$3.29 FOK 21.19

$2.87 FOK 18.47

$4.00 FOK 25.69

Water (0.33 liter bottle)

$2.66 FOK 17.13

$2.19 FOK 14.08

$3.13 FOK 20.11

Local Beer (0.5 liter draught)

$9.50 FOK 61.1

$11.09 FOK 71.3

Imported Beer (0.33 liter bottle)

$9.42 FOK 60.5

$7.85 FOK 50.5

$15.22 FOK 97.9

Milk (1 liter)

$2.28 FOK 14.67

$2.00 FOK 12.89

$2.62 FOK 16.84

White Bread (500g)

$4.39 FOK 28.20

$3.50 FOK 22.52

$11.88 FOK 76.4

Rice (white) (1kg)

$3.77 FOK 24.22

$1.83 FOK 11.79

$5.71 FOK 36.70

Eggs

$5.51 FOK 35.41

$3.76 FOK 24.17

$7.34 FOK 47.17

Local Cheese (1kg)

$14.54 FOK 93.5

$11.45 FOK 73.6

$18.43 FOK 119

Chicken Fillets (1kg)

$14.58 FOK 93.7

$13.91 FOK 89.4

$15.62 FOK 100

Beef Round Steak (1kg)

$27.87 FOK 179

Apples (1kg)

$2.77 FOK 17.83

$2.37 FOK 15.27

$3.16 FOK 20.32

Banana (1kg)

$2.61 FOK 16.80

$2.38 FOK 15.29

$2.85 FOK 18.31

Oranges (1kg)

$3.03 FOK 19.46

Tomato (1kg)

$2.50 FOK 16.07

$1.87 FOK 12.05

$3.12 FOK 20.08

Potato (1kg)

$2.58 FOK 16.57

$2.35 FOK 15.09

$2.81 FOK 18.06

Onion (1kg)

$3.17 FOK 20.35

$3.01 FOK 19.35

$3.31 FOK 21.29

Lettuce (1 head)

$2.50 FOK 16.08

Water (1.5 liter bottle)

$3.28 FOK 21.06

$2.27 FOK 14.60

$4.53 FOK 29.14

Cigarettes 20 Pack (Marlboro, Camel)

$10.79 FOK 69.4

$10.03 FOK 64.5

$11.57 FOK 74.4

Wine (Bottle)

$12.65 FOK 81.4

$11.86 FOK 76.3

$14.23 FOK 91.5

Local Beer (0.5 liter bottle)

$2.28 FOK 14.64

$2.19 FOK 14.06

$2.37 FOK 15.22

Imported Beer (0.33 liter bottle)

$2.89 FOK 18.59

$1.82 FOK 11.72

$3.80 FOK 24.45

One-way Ticket (Public Transport)

Taxi Start (Normal Tariff)

$11.58 FOK 74.5

$10.81 FOK 69.5

$12.35 FOK 79.4

Taxi 1hour Waiting (Normal Tariff)

$51.7 FOK 332

Gasoline (1 liter)

$2.08 FOK 13.36

$1.42 FOK 9.12

$2.36 FOK 15.18

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

$40.7K FOK 261.8K

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

$52.3K FOK 336.5K

$49.2K FOK 316.7K

$55.4K FOK 356.2K

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

$141 FOK 903

$71.2 FOK 458

$195 FOK 1,253

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

$40.15 FOK 258

$37.07 FOK 238

$43.25 FOK 278

Internet (50+ Mbps, Unlimited Data)

$63.9 FOK 411

$61.4 FOK 395

$69.1 FOK 444

Gym Membership (Monthly)

$50.1 FOK 322

$21.68 FOK 139

$62.0 FOK 398

Cinema Ticket

$16.80 FOK 108

$15.63 FOK 101

$17.19 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)

$148 FOK 949

$94.5 FOK 608

$189 FOK 1,215

Summer Dress (H&M, Zara, etc)

$63.3 FOK 407

$55.3 FOK 356

$71.2 FOK 457

Sport Shoes (Adidas, Nike)

$157 FOK 1,009

$124 FOK 797

$194 FOK 1,246

Men's Leather Business Shoes

$221 FOK 1,424

$124 FOK 795

$247 FOK 1,589

1-bedroom Apartment, City Center (Monthly)

$1,046 FOK 6,725

$628 FOK 4,035

$1,569 FOK 10.1K

1-bedroom Apartment, Outside City Center (Monthly)

$889 FOK 5,713

$627 FOK 4,033

$1,254 FOK 8,066

3-bedroom Apartment, City Center (Monthly)

$1,878 FOK 12.1K

$1,565 FOK 10.1K

$2,347 FOK 15.1K

3-bedroom Apartment, Outside City Center (Monthly)

$1,398 FOK 8,989

$1,098 FOK 7,062

$1,883 FOK 12.1K

Buy Apartment in City Center (m2)

$3,674 FOK 23.6K

$2,739 FOK 17.6K

$4,780 FOK 30.7K

Buy Apartment Outside City Center (m2)

$4,771 FOK 30.7K

$2,321 FOK 14.9K

$7,220 FOK 46.4K

Average Monthly Net Salary (After Tax)

$2,326 FOK 15.0K

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 20, 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		$308	$352	$895	$1,955	63.59	75.53
2	Nordragota	600		$545	$488	$1,809	$1,901	70	95.6
3	Sumba	300		$235	$213	$328	$372	16.53	95.37
4	Torshavn	14145	115	$1,148	$2,337	$2,969	$4,853	23	80.11
5	Vestmanna	1200		$804	$1,459	$1,764	$2,885	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.