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 135

$15.20 FOK 96.8

$31.35 FOK 200

Three-Course Dinner for Two, Mid-Range

$154 FOK 980

$61.5 FOK 392

$169 FOK 1,078

Fast Food Meal (McDonalds, etc)

$20.33 FOK 129

$19.65 FOK 125

$20.43 FOK 130

Cappuccino

$6.78 FOK 43.18

$3.40 FOK 21.69

$8.02 FOK 51.1

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

$3.29 FOK 20.99

$2.87 FOK 18.30

$4.00 FOK 25.45

Water (0.33 liter bottle)

$2.66 FOK 16.97

$2.19 FOK 13.95

$3.13 FOK 19.92

Local Beer (0.5 liter draught)

$9.50 FOK 60.6

$11.09 FOK 70.6

Imported Beer (0.33 liter bottle)

$9.42 FOK 60.0

$7.85 FOK 49.99

$15.22 FOK 97.0

Milk (1 liter)

$2.28 FOK 14.53

$2.00 FOK 12.76

$2.62 FOK 16.68

White Bread (500g)

$4.39 FOK 27.94

$3.50 FOK 22.31

$11.88 FOK 75.7

Rice (white) (1kg)

$3.77 FOK 23.99

$1.83 FOK 11.68

$5.71 FOK 36.36

Eggs

$5.51 FOK 35.08

$3.76 FOK 23.95

$7.34 FOK 46.73

Local Cheese (1kg)

$14.54 FOK 92.6

$11.45 FOK 72.9

$18.43 FOK 117

Chicken Fillets (1kg)

$14.58 FOK 92.9

$13.91 FOK 88.6

$15.62 FOK 99.5

Beef Round Steak (1kg)

$27.87 FOK 178

Apples (1kg)

$2.77 FOK 17.66

$2.37 FOK 15.13

$3.16 FOK 20.13

Banana (1kg)

$2.61 FOK 16.64

$2.38 FOK 15.14

$2.85 FOK 18.13

Oranges (1kg)

$3.03 FOK 19.28

Tomato (1kg)

$2.50 FOK 15.92

$1.87 FOK 11.94

$3.12 FOK 19.90

Potato (1kg)

$2.58 FOK 16.42

$2.35 FOK 14.94

$2.81 FOK 17.90

Onion (1kg)

$3.17 FOK 20.16

$3.01 FOK 19.17

$3.31 FOK 21.09

Lettuce (1 head)

$2.50 FOK 15.93

Water (1.5 liter bottle)

$3.28 FOK 20.86

$2.27 FOK 14.47

$4.53 FOK 28.87

Cigarettes 20 Pack (Marlboro, Camel)

$10.79 FOK 68.7

$10.03 FOK 63.9

$11.57 FOK 73.7

Wine (Bottle)

$12.65 FOK 80.6

$11.86 FOK 75.5

$14.23 FOK 90.6

Local Beer (0.5 liter bottle)

$2.28 FOK 14.50

$2.19 FOK 13.93

$2.37 FOK 15.08

Imported Beer (0.33 liter bottle)

$2.89 FOK 18.41

$1.82 FOK 11.61

$3.80 FOK 24.22

One-way Ticket (Public Transport)

Taxi Start (Normal Tariff)

$11.58 FOK 73.8

$10.81 FOK 68.8

$12.35 FOK 78.7

Taxi 1hour Waiting (Normal Tariff)

$51.7 FOK 329

Gasoline (1 liter)

$2.08 FOK 13.23

$1.42 FOK 9.04

$2.36 FOK 15.04

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

$40.7K FOK 259.3K

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

$52.3K FOK 333.3K

$49.2K FOK 313.7K

$55.4K FOK 352.9K

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

$141 FOK 895

$71.2 FOK 453

$195 FOK 1,242

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

$40.15 FOK 256

$37.07 FOK 236

$43.25 FOK 275

Internet (50+ Mbps, Unlimited Data)

$63.9 FOK 407

$61.4 FOK 391

$69.1 FOK 440

Gym Membership (Monthly)

$50.1 FOK 319

$21.68 FOK 138

$62.0 FOK 395

Cinema Ticket

$16.80 FOK 107

$15.63 FOK 99.6

$17.19 FOK 110

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

$422 FOK 2,686

$281 FOK 1,791

$562 FOK 3,582

Jeans (Levis 501 Or Similar)

$148 FOK 940

$94.5 FOK 602

$189 FOK 1,204

Summer Dress (H&M, Zara, etc)

$63.3 FOK 403

$55.3 FOK 353

$71.2 FOK 453

Sport Shoes (Adidas, Nike)

$157 FOK 1,000

$124 FOK 790

$194 FOK 1,234

Men's Leather Business Shoes

$221 FOK 1,410

$124 FOK 787

$247 FOK 1,574

1-bedroom Apartment, City Center (Monthly)

$1,046 FOK 6,662

$628 FOK 3,997

$1,569 FOK 9,993

1-bedroom Apartment, Outside City Center (Monthly)

$889 FOK 5,660

$627 FOK 3,995

$1,254 FOK 7,991

3-bedroom Apartment, City Center (Monthly)

$1,878 FOK 12.0K

$1,565 FOK 9,967

$2,347 FOK 15.0K

3-bedroom Apartment, Outside City Center (Monthly)

$1,398 FOK 8,905

$1,098 FOK 6,996

$1,883 FOK 12.0K

Buy Apartment in City Center (m2)

$3,674 FOK 23.4K

$2,739 FOK 17.4K

$4,780 FOK 30.4K

Buy Apartment Outside City Center (m2)

$4,771 FOK 30.4K

$2,321 FOK 14.8K

$7,220 FOK 46.0K

Average Monthly Net Salary (After Tax)

$2,326 FOK 14.8K

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

Faroe Islands Median Internet Speeds (Updated December 2025)

Mobile

Mbps

Fixed Broadband

Mbps

The chart highlights the Precision Threshold for mobile and fixed broadband internet speeds, updated quarterly.

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.