Prices and Cost of Living in Faroe Islands
Danish dependent territory
Travel Budget Calculator
Calculate how much money you will spend on your vacation in Faroe Islands. Sample budget for each type of traveler - food, transportation, sightseeing and accommodation expenses.
Backpacker's budget
Traveling with a backpack
from 105.94 USD
Average daily expenses were calculated on the basis of the prices of accommodation, food (restaurants and shops), transport (public transport and taxis) and some tourist attractions. Values may vary depending on the city, tourist season, or during major religious and public events. Update 2 November 2024.
Food Prices - Calculate the Cost of Living
The calculator allows you to quickly and easily calculate how much you will spend on average to buy food at grocery stores in Faroe Islands. Plan your daily, weekly and monthly food expenses.
Select the appropriate number of days to see how much you will spend on food during that period. Values given for one person.
Cheapest products
Here's how much you will spend in 1 day.
from 9.46 USD
Mid-range products
Here's how much you will spend in 1 day.
from 12.61 USD
Average values for capital or largest city. Purchase of food products in local stores and supermarkets corresponding to daily meals of 2,200 to 2,400 kcal was taken into account. Update 2 November 2024.
How much do you have to spend on groceries per day in Faroe Islands?
When shopping for groceries in local stores and markets, the average daily cost of food expenses will range from 65.13 DKK (9.46 USD) when buying the cheapest products. However, if you choose slightly more expensive products, you can expect to pay from 86.81 DKK (12.61 USD) per day. These figures are based on daily meals consisting of approximately 2200-2400 kcal and may vary slightly depending on the city.
Budget and shopping basket update: 2 November 2024
Estimated budget and daily food costs are always given per person and are only a suggestion to help you plan your total travel costs.
Budget was calculated on the basis of average prices of accommodation in each category (hotels and hostels), food costs (restaurants and grocery shopping), transport prices and some tourist attractions.
BACKPACKER'S BUDGET
• accommodation in a hostel or cheap hotel,
• travel by public transport,
• dining in cheap local restaurants or buying food in local stores,
• small number of paid tourist attractions,
• two people travel (when traveling alone, prices may be higher, but only if we use a hotel room instead of a dormitory).
TOURIST'S BUDGET
• accommodation in a 3 star hotel (with a small number of available facilities, average prices of 3* and 4* hotels),
• traveling by taxis,
• catering in middle-class restaurants and buying food in grocery stores,
• average number of paid tourist attractions,
• two people travel (they share costs of accommodation and transport).
FOOD EXPENSES
• daily meals containing 2200 to 2400 kcal (applies to both price variants),
• shopping for food in local stores or supermarkets (no meals in restaurants),
• value per person & for the capital or largest city.
Prices in Faroe Islands
Below you will find a list of prices for products and services in Faroe Islands, which will help you determine what expenses you should prepare for when going on vacation in this country.
Grocery Store Prices
| Apples (1kg) | 3.15 USD |
| Banana (1kg) | 3.05 USD |
| Beef Round (1kg) (or Equivalent Back Leg Red Meat) | 14.28 USD |
| Bottle of Wine (Mid-Range) | 18.88 USD |
| Chicken Fillets (1kg) | 12.94 USD |
| Cigarettes 20 Pack (Marlboro) | 9.44 USD |
| Domestic Beer (0.5 liter bottle) | 4.29 USD |
| Eggs (regular) (12) | 3.91 USD |
| Imported Beer (0.33 liter bottle) | 3.24 USD |
| Lettuce (1 head) | 3.63 USD |
| Loaf of Fresh White Bread (500g) | 4.15 USD |
| Local Cheese (1kg) | 15.49 USD |
| Milk (regular), (1 liter) | 1.83 USD |
| Onion (1kg) | 3.63 USD |
| Oranges (1kg) | 3.39 USD |
| Potato (1kg) | 2.18 USD |
| Rice (white), (1kg) | 2.52 USD |
| Tomato (1kg) | 4.12 USD |
| Water (1.5 liter bottle) | 3.27 USD |
Food and beverage prices in Faroe Islands
Popular food products found on store shelves in Faroe Islands include bananas, rice, bread, onions, eggs, tomatoes, cheese, beef and potatoes, among others. Prices for a kilo of these products range from 25 DKK (3.63 USD) for a kilo of onions to 98.33 DKK (14.28 USD) for a kilo of beef. The price of white rice is 17.33 DKK (2.52 USD) per kilo, while a loaf of fresh white bread costs 28.6 DKK (4.15 USD) per half kilo. Bananas cost 21 DKK (3.05 USD) per kilo, while apples cost 21.67 DKK (3.15 USD) per kilo.
Water, available in 1.5-liter bottles, costs 22.5 DKK (3.27 USD). Dairy prices in Faroe Islands, on the other hand, are as follows: 1 liter of milk costs about 12.6 DKK (1.83 USD), and 1 kilogram of locally produced cheese is an expense of 107 DKK (15.49 USD). Chicken filet, which is a common ingredient in meat dishes, costs in the range of 89.06 DKK (12.94 USD) per kilo. Eggs (12 pieces per package) are an expense of about 26.95 DKK (3.91 USD), and the average price of tomatoes is 28.33 DKK (4.12 USD) per kilo.
Restaurant Prices
| Cappuccino (regular) | 4.96 USD |
| Coke/Pepsi (0.33 liter bottle) | 2.99 USD |
| Domestic Beer (0.5 liter draught) | 7.26 USD |
| Imported Beer (0.33 liter bottle) | 7.26 USD |
| McMeal at McDonalds (or Equivalent Combo Meal) | 14.53 USD |
| Meal for 2 People, Mid-range Restaurant, Three-course | 145 USD |
| Meal, Inexpensive Restaurant | 21.79 USD |
| Water (0.33 liter bottle) | 2.35 USD |
What is the typical cost for an affordable meal?
Prices in restaurants in Faroe Islands vary and depend on several factors, such as the type of restaurant, location and time of day. For instance, a Cappuccino typically costs around 34.14 DKK (4.96 USD), while a 0.33-liter bottle of Coca-Cola or Pepsi is priced at approximately 20.57 DKK (2.99 USD). At a fast-food restaurant such as McDonald's, you can expect to pay 100 DKK (14.53 USD) for a meal, whereas a meal for two at a mid-range restaurant could cost around 1000 DKK (145 USD). Budget-friendly dining options are also available, with some restaurants offering meals for as little as 150 DKK (21.79 USD).
Public Transportation Prices
| One-way Ticket (Local Transport) | 7.26 USD |
| Taxi 1hour Waiting (Normal Tariff) | 48.65 USD |
| Taxi Start (Normal Tariff) | 9.08 USD |
Entertainment Prices
| Cinema, International Release, 1 Seat | 15.25 USD |
| Fitness Club, Monthly Fee for 1 Adult | 86.07 USD |
| Tennis Court Rent (1 Hour on Weekend) | 14.53 USD |
Apartment Rental Prices
| Apartment (1 bedroom) in City Centre | 774 USD |
| Apartment (1 bedroom) Outside of Centre | 831 USD |
| Apartment (3 bedrooms) in City Centre | 1 726 USD |
| Apartment (3 bedrooms) Outside of Centre | 1 293 USD |
How much does it cost to rent an apartment in Faroe Islands?
The cost of renting or buying an apartment in Faroe Islands varies according to its location. On average, renting an apartment with one bedroom and a living room outside the city center costs approximately 5718 DKK (831 USD) per month, while the same type of apartment in the city center can cost around 5330 DKK (774 USD) per month. In comparison, the purchase price of an apartment in the city center is 22000 DKK (3196 USD) per square meter.
Apartment Buying Prices
| Price per Square Meter to Buy Apartment in City Centre | 3 196 USD |
| Price per Square Meter to Buy Apartment Outside of Centre | 1 424 USD |
Average Salary
| Average Monthly Net Salary (After Tax) | 2 252 USD |
Hotel Prices in Faroe Islands
A comprehensive list of the current prices of accommodations in various cities, ranging from budget-friendly hotels to high-end luxurious stays.
• Prices of products and services in Faroe Islands. Prices may vary from town to town.
• Updates: oldest data 03/2023, latest data 03/2023.
• Prices were calculated based on several sources including Expedia.com, Booking.com, local supermarket websites, own sources, submissions from users. We do not guarantee their accuracy, however, we try, to keep them high.
• If you have noticed an error, please report it.