Prices and Cost of Living in Faroe Islands

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 21 DKK (3.31 USD) for a kilo of onions to 180 DKK (28.37 USD) for a kilo of beef. The price of white rice is 24.65 DKK (3.88 USD) per kilo, while a loaf of fresh white bread costs 39.9 DKK (6.29 USD) per half kilo. Bananas cost 16.5 DKK (2.6 USD) per kilo, while apples cost 17.5 DKK (2.76 USD) per kilo.

Water, available in 1.5-liter bottles, costs 25 DKK (3.94 USD). Dairy prices in Faroe Islands, on the other hand, are as follows: 1 liter of milk costs about 14.83 DKK (2.34 USD), and 1 kilogram of locally produced cheese is an expense of 94.67 DKK (14.92 USD). Chicken filet, which is a common ingredient in meat dishes, costs in the range of 92.39 DKK (14.56 USD) per kilo. Eggs (12 pieces per package) are an expense of about 35.15 DKK (5.54 USD), and the average price of tomatoes is 16 DKK (2.52 USD) per kilo.

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 45.15 DKK (7.12 USD), while a 0.33-liter bottle of Coca-Cola or Pepsi is priced at approximately 20.49 DKK (3.23 USD). At a fast-food restaurant such as McDonald's, you can expect to pay 127 DKK (19.94 USD) for a meal, whereas a meal for two at a mid-range restaurant could cost around 1000 DKK (158 USD). Budget-friendly dining options are also available, with some restaurants offering meals for as little as 150 DKK (23.64 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 6000 DKK (946 USD) per month, while the same type of apartment in the city center can cost around 6455 DKK (1017 USD) per month. In comparison, the purchase price of an apartment in the city center is 23129 DKK (3645 USD) per square meter.