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Average Cost of Living in Torshavn-Faroe-Islands
The average cost of living in Torshavn-Faroe-Islands, Faroe Islands is $1,549 per month for a single person, and $3,315 per month for a family of four. A one-bedroom apartment rents for around $1,137 per month. The local average net salary is $2,408 per month.
Affordable
Updated today
Index 35.2 · NYC = 100
Estimated monthly cost
- Single person
- $1,549 / month
- Family of 4
- $3,315 / mo
- Student
- $909 / mo
Includes rent, food, utilities, transport, and dining out. Excludes healthcare, taxes, and discretionary travel.
Salary that covers life in Torshavn-Faroe-Islands
Adjust the household and see the gap or surplus vs. typical local pay.
Interactive
You need at least
$0 / month
Annual gross (25% tax)
$0
vs. local average net salary
$2,408.29 / month
On this page 11 sections
| Section | Description |
|---|---|
| Salary calculator for Torshavn-Faroe-Islands | Find out the monthly salary needed for a single, family, or student lifestyle. |
| Rent & Property Prices in Torshavn-Faroe-Islands | Apartment rent and property purchase price per square meter. |
| Grocery Prices in Torshavn-Faroe-Islands | Supermarket prices for staples like bread, milk, produce, and meat. |
| Public Transport & Car Costs in Torshavn-Faroe-Islands | Public transport tickets, taxi fares, fuel, and vehicle prices. |
| Utility & Internet Costs in Torshavn-Faroe-Islands | Monthly electricity, heating, water, mobile, and broadband bills. |
| Childcare & Preschool in Torshavn-Faroe-Islands | Preschool fees and international school tuition. |
| Clothing Prices in Torshavn-Faroe-Islands | Jeans, dresses, running shoes, and leather shoes from chain stores. |
| Gym, Cinema & Leisure in Torshavn-Faroe-Islands | Gym memberships, tennis court rentals, and cinema tickets. |
| Restaurant Prices in Torshavn-Faroe-Islands | Meals at inexpensive and mid-range restaurants, coffee, and soft drinks. |
| Salaries & Mortgages in Torshavn-Faroe-Islands | Average monthly net salary and mortgage interest rates. |
| Torshavn-Faroe-Islands FAQs | Common questions about rent, salaries, food, and transport in Torshavn-Faroe-Islands. |
Rent & Property Prices in Torshavn-Faroe-Islands
Apartment rent and property purchase price per square meter.
| Item | Median | Range (low–high) |
|---|---|---|
| 1 Bedroom Apartment in City Centre | $1,137 | $817 – $1,728 |
| 1 Bedroom Apartment Outside of City Centre | $936 | $597 – $1,414 |
| 3 Bedroom Apartment in City Centre | $1,963 | $1,571 – $2,356 |
| 3 Bedroom Apartment Outside of City Centre | $1,453 | $942 – $1,885 |
| Price per Square Meter to Buy Apartment in City Centre | $4,084 | $3,455 – $4,712 |
| Price per Square Meter to Buy Apartment Outside of Centre | $4,843 | $2,356 – $7,329 |
- 1 Bedroom Apartment in City Centre $1,137$817 – $1,728
- 1 Bedroom Apartment Outside of City Centre $936$597 – $1,414
- 3 Bedroom Apartment in City Centre $1,963$1,571 – $2,356
- 3 Bedroom Apartment Outside of City Centre $1,453$942 – $1,885
- Price per Square Meter to Buy Apartment in City Centre $4,084$3,455 – $4,712
- Price per Square Meter to Buy Apartment Outside of Centre $4,843$2,356 – $7,329
Grocery Prices in Torshavn-Faroe-Islands
Supermarket prices for staples like bread, milk, produce, and meat.
| Item | Median | Range (low–high) |
|---|---|---|
| Milk (Regular, 1 Liter) | $2.38 | $1.88 – $2.67 |
| Fresh White Bread (500 g Loaf) | $5.03 | $3.93 – $6.44 |
| White Rice (1 kg) | $2.51 | $1.88 – $3.14 |
| Eggs (12, Large Size) | $5.91 | $4.55 – $7.35 |
| Local Cheese (1 kg) | $13 | $13 – $14 |
| Chicken Fillets (1 kg) | $15 | $14 – $16 |
| Beef Round or Equivalent Back Leg Red Meat (1 kg) | $19 | — |
| Apples (1 kg) | $2.75 | $2.36 – $3.14 |
| Bananas (1 kg) | $4.55 | $2.83 – $6.28 |
| Oranges (1 kg) | $3.93 | $3.14 – $4.71 |
| Tomatoes (1 kg) | $3.69 | $1.88 – $5.50 |
| Potatoes (1 kg) | $2.98 | $2.83 – $3.14 |
| Onions (1 kg) | $4.87 | $3.46 – $6.28 |
| Lettuce (1 Head) | $2.43 | $2.36 – $2.51 |
| Bottled Water (1.5 Liter) | $3.53 | $3.14 – $3.93 |
| Bottle of Wine (Mid-Range) | $13 | $12 – $14 |
| Domestic Beer (0.5 Liter Bottle) | $3.24 | $2.20 – $4.28 |
| Imported Beer (0.33 Liter Bottle) | $3.14 | $3.14 – $3.14 |
| Cigarettes (Pack of 20, Marlboro) | $12 | $11 – $12 |
- Milk (Regular, 1 Liter) $2.38$1.88 – $2.67
- Fresh White Bread (500 g Loaf) $5.03$3.93 – $6.44
- White Rice (1 kg) $2.51$1.88 – $3.14
- Eggs (12, Large Size) $5.91$4.55 – $7.35
- Local Cheese (1 kg) $13$13 – $14
- Chicken Fillets (1 kg) $15$14 – $16
- Beef Round or Equivalent Back Leg Red Meat (1 kg) $19
- Apples (1 kg) $2.75$2.36 – $3.14
- Bananas (1 kg) $4.55$2.83 – $6.28
- Oranges (1 kg) $3.93$3.14 – $4.71
- Tomatoes (1 kg) $3.69$1.88 – $5.50
- Potatoes (1 kg) $2.98$2.83 – $3.14
- Onions (1 kg) $4.87$3.46 – $6.28
- Lettuce (1 Head) $2.43$2.36 – $2.51
- Bottled Water (1.5 Liter) $3.53$3.14 – $3.93
- Bottle of Wine (Mid-Range) $13$12 – $14
- Domestic Beer (0.5 Liter Bottle) $3.24$2.20 – $4.28
- Imported Beer (0.33 Liter Bottle) $3.14$3.14 – $3.14
- Cigarettes (Pack of 20, Marlboro) $12$11 – $12
Public Transport & Car Costs in Torshavn-Faroe-Islands
Public transport tickets, taxi fares, fuel, and vehicle prices.
| Item | Median | Range (low–high) |
|---|---|---|
| One-Way Ticket (Local Transport) | $0.00 | $0.00 – $0.00 |
| Monthly Public Transport Pass (Regular Price) | $31 | $0.00 – $63 |
| Taxi Start (Standard Tariff) | $16 | $13 – $19 |
| Taxi 1 km (Standard Tariff) | — | — |
| Taxi 1 Hour Waiting (Standard Tariff) | — | — |
| Gasoline (1 Liter) | $2.00 | $1.81 – $2.36 |
| Volkswagen Golf 1.5 (or Equivalent New Compact Car) | — | — |
| Toyota Corolla Sedan 1.6 (or Equivalent New Mid-Size Car) | — | — |
- One-Way Ticket (Local Transport) $0.00$0.00 – $0.00
- Monthly Public Transport Pass (Regular Price) $31$0.00 – $63
- Taxi Start (Standard Tariff) $16$13 – $19
- Taxi 1 km (Standard Tariff) —
- Taxi 1 Hour Waiting (Standard Tariff) —
- Gasoline (1 Liter) $2.00$1.81 – $2.36
- Volkswagen Golf 1.5 (or Equivalent New Compact Car) —
- Toyota Corolla Sedan 1.6 (or Equivalent New Mid-Size Car) —
Utility & Internet Costs in Torshavn-Faroe-Islands
Monthly electricity, heating, water, mobile, and broadband bills.
| Item | Median | Range (low–high) |
|---|---|---|
| Basic Utilities for 85 m2 Apartment (Electricity, Heating, Cooling, Water, Garbage) | $134 | $72 – $197 |
| Mobile Phone Plan (Monthly, with Calls and 10GB+ Data) | $46 | $38 – $55 |
| Broadband Internet (Unlimited Data, 60 Mbps or Higher) | $94 | $71 – $118 |
- Basic Utilities for 85 m2 Apartment (Electricity, Heating, Cooling, Water, Garbage) $134$72 – $197
- Mobile Phone Plan (Monthly, with Calls and 10GB+ Data) $46$38 – $55
- Broadband Internet (Unlimited Data, 60 Mbps or Higher) $94$71 – $118
Childcare & Preschool in Torshavn-Faroe-Islands
Preschool fees and international school tuition.
| Item | Median | Range (low–high) |
|---|---|---|
| Private Full-Day Preschool or Kindergarten, Monthly Fee per Child | $512 | $458 – $565 |
| International Primary School, Annual Tuition per Child | $0.00 | — |
- Private Full-Day Preschool or Kindergarten, Monthly Fee per Child $512$458 – $565
- International Primary School, Annual Tuition per Child $0.00
Clothing Prices in Torshavn-Faroe-Islands
Jeans, dresses, running shoes, and leather shoes from chain stores.
| Item | Median | Range (low–high) |
|---|---|---|
| Jeans (Levi's 501 or Similar) | $147 | $94 – $188 |
| Summer Dress in a Chain Store (e.g. Zara or H&M) | $63 | $55 – $71 |
| Nike Running Shoes (Mid-Range) | $175 | $126 – $196 |
| Men's Leather Business Shoes | $257 | $188 – $283 |
- Jeans (Levi's 501 or Similar) $147$94 – $188
- Summer Dress in a Chain Store (e.g. Zara or H&M) $63$55 – $71
- Nike Running Shoes (Mid-Range) $175$126 – $196
- Men's Leather Business Shoes $257$188 – $283
Gym, Cinema & Leisure in Torshavn-Faroe-Islands
Gym memberships, tennis court rentals, and cinema tickets.
| Item | Median | Range (low–high) |
|---|---|---|
| Monthly Fitness Club Membership | $58 | $22 – $72 |
| Tennis Court Rental (1 Hour, Weekend) | — | — |
| Cinema Ticket (International Release) | $16 | $15 – $17 |
- Monthly Fitness Club Membership $58$22 – $72
- Tennis Court Rental (1 Hour, Weekend) —
- Cinema Ticket (International Release) $16$15 – $17
Restaurant Prices in Torshavn-Faroe-Islands
Meals at inexpensive and mid-range restaurants, coffee, and soft drinks.
| Item | Median | Range (low–high) |
|---|---|---|
| Meal at an Inexpensive Restaurant | $24 | $15 – $31 |
| Meal for Two at a Mid-Range Restaurant (Three Courses, Without Drinks) | $157 | $126 – $157 |
| Combo Meal at McDonald's (or Equivalent Fast-Food Meal) | $20 | $20 – $20 |
| Domestic Draft Beer (0.5 Liter) | $9.42 | $9.42 – $11 |
| Imported Beer (0.33 Liter Bottle) | $8.64 | $7.85 – $15 |
| Cappuccino (Regular Size) | $7.12 | $3.46 – $8.00 |
| Soft Drink (Coca-Cola or Pepsi, 0.33 Liter Bottle) | $3.22 | $2.83 – $3.93 |
| Bottled Water (0.33 Liter) | $2.67 | $2.20 – $3.14 |
- Meal at an Inexpensive Restaurant $24$15 – $31
- Meal for Two at a Mid-Range Restaurant (Three Courses, Without Drinks) $157$126 – $157
- Combo Meal at McDonald's (or Equivalent Fast-Food Meal) $20$20 – $20
- Domestic Draft Beer (0.5 Liter) $9.42$9.42 – $11
- Imported Beer (0.33 Liter Bottle) $8.64$7.85 – $15
- Cappuccino (Regular Size) $7.12$3.46 – $8.00
- Soft Drink (Coca-Cola or Pepsi, 0.33 Liter Bottle) $3.22$2.83 – $3.93
- Bottled Water (0.33 Liter) $2.67$2.20 – $3.14
Salaries & Mortgages in Torshavn-Faroe-Islands
Average monthly net salary and mortgage interest rates.
| Item | Median | Range (low–high) |
|---|---|---|
| Average Monthly Net Salary (After Tax) | $2,408 | — |
| Annual Mortgage Interest Rate (20-Year Fixed, in %) | — | — |
- Average Monthly Net Salary (After Tax) $2,408
- Annual Mortgage Interest Rate (20-Year Fixed, in %) —
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Frequently asked questions
- How much does it cost to live in Torshavn-Faroe-Islands?
- An estimated $1,549 per month covers rent, food, utilities, and transport for one person in Torshavn-Faroe-Islands. A family of four needs around $3,315 per month, while students living shared accommodation manage on roughly $909.
- How much money do I need to live in Torshavn-Faroe-Islands?
- Plan for at least $1,549 per month as a single person, $3,315 per month for a family of four, or $909 per month as a student in shared accommodation. Add 15–25% on top for taxes, savings, and discretionary spending — that's the salary you should be targeting before relocating to Torshavn-Faroe-Islands.
- What is the average rent in Torshavn-Faroe-Islands?
- A one-bedroom apartment in Torshavn-Faroe-Islands rents for around $1,137 per month, with three-bedroom apartments in the city centre around $1,963 per month. Prices vary depending on neighbourhood, building age, and furnishings.
- What is the average salary in Torshavn-Faroe-Islands?
- The average monthly net salary in Torshavn-Faroe-Islands is around $2,408. Whether that's enough to live comfortably depends on housing choice — rent typically claims 47% of a single-person paycheck.
- How much does food cost in Torshavn-Faroe-Islands?
- A meal at an inexpensive restaurant in Torshavn-Faroe-Islands costs around $24. Cooking at home, a single person spends roughly $109 per month on groceries. Staples like milk ($2.38/L) and bread ($5.03/500g) are typical.
- What is public transport like in Torshavn-Faroe-Islands?
- A monthly public transport pass in Torshavn-Faroe-Islands costs around $31. Cities with extensive metro and bus networks generally let residents skip car ownership entirely, particularly when commuting from areas outside the city centre.
- Is the internet expensive in Torshavn-Faroe-Islands?
- Unlimited broadband at 60 Mbps or higher in Torshavn-Faroe-Islands costs around $94 per month — useful context for remote workers comparing locations.