Summary of The Cost of Living in Faroe Islands
• The average monthly cost of living for a single person across cities in Faroe Islands is $3,471.00 including rent, or $2,171.00 excluding rent.
• The average monthly cost of living for a couple (2 adults) across cities in Faroe Islands is $4,906.50 including rent, or $3,606.50 excluding rent.
• The average monthly cost of living for a family of four (2 adults + 2 children) across cities in Faroe Islands is $6,842.50 including rent, or $5,152.50 excluding rent.
• The average yearly cost of living across cities in Faroe Islands ranges from $41,652.00 for a single person to $58,878.00 for a couple, and $82,110.00 for a family of four, including rent. Excluding rent, the yearly range is $26,052.00 for a single person to $43,278.00 for a couple, and $61,830.00 for a family of four.
• For budget-conscious living across cities in Faroe Islands, baseline monthly expenses range from $2,083.00 for a single person to $2,914.40 for a couple, and $4,077.90 for a family of four, including rent. Excluding rent, the range is $1,183.00 for a single person to $2,014.40 for a couple, and $2,907.90 for a family of four.
• For comfortable/luxury living across cities in Faroe Islands, estimated monthly expenses range from $5,979.00 for a single person to $8,588.90 for a couple, and $11,940.90 for a family of four, including rent. Excluding rent, the range is $4,079.00 for a single person to $6,688.90 for a couple, and $9,470.90 for a family of four.
• The average monthly salary for a person across cities in Faroe Islands is $5,760.00, which is 165.3% more than the average monthly cost of living and 386.9% more than the budget cost of living for a single person, excluding rent.
Cost of Living Details
| Category | Subcategory | Description | Cost Range (Monthly) |
|---|---|---|---|
| Monthly rent for your primary residence (apartments, houses, condos) | |||
| Monthly electricity bill | |||
| Monthly running water bill | |||
| Monthly broadband internet subscription with unlimited data and cable TV | |||
| Monthly gas and heating expenses | |||
| Monthly mobile phone plan with data and calling | |||
| Monthly food and grocery expenses | |||
| Monthly expenses for basic household supplies and personal hygiene items (toiletries, cleaning supplies, and paper products) | |||
| Monthly transportation costs (public transit, vehicle ownership, or ride-sharing) | |||
| Monthly expenses for movies, coffee, drinks, and social activities (excluding shopping & dining) | |||
| Monthly expenses for clothing, shoes, and accessories | |||
| Monthly health insurance cost | |||
| Monthly prescription medications and pharmacy expenses | |||
| Monthly doctor visits and dental care expenses | |||
| Monthly gym membership | |||
| Monthly expenses for laundry and housekeeping services | |||
| Monthly expenses for food and basic care per pet (grooming, veterinary visits, treats, and medications) | |||
| Monthly childcare and school fees | |||
| Total (selected items only) | |||
Expense Distribution
Salary Info
| Category | Subcategory | Description | Salary Range (Monthly) |
|---|---|---|---|
| Salary | Salary | Monthly salary (full-time) |