Cost of Living in Faroe Islands vs Italy comparison

$2,321

Faroe Islands

Explore Faroe Islands, a captivating country with a population of 52,154. Embrace a comfortable lifestyle with an average cost of living at $2321 and a median after-tax salary of $2115.27. Enjoy dining at diverse restaurants for $153, shop for essentials at bustling markets with an average of $100, and entrust your childcare needs to facilities costing approximately $1324annually. Keep your wardrobe fresh with a clothing budget of $394and secure a lovely home for $3962per month. Faroe Islands also offers an attractive average salary of $2115.27. Immerse yourself in the beauty of Faroe Islands, where rich culture meets affordability.

$1,962

Italy

Discover Italy, a captivating country with a population of 60,317,000. Experience a comfortable way of life, where the average cost of living stands at $1962, and the median after-tax salary amounts to $1394.88. Savor the culinary delights of Italy at various restaurants for an average of $92, explore bustling markets with essentials priced at around $67, and entrust your childcare needs to facilities costing approximately $9491annually. Keep your wardrobe stylish with a clothing budget of ${cloth_two}, and secure a beautiful home for $3239per month. Italy also boasts an appealing average salary of $1394.88. Immerse yourself in the beauty of Italy, where affordability and cultural richness converge.

restaurant
$ 153
Restaurants
restaurant
$ 92
Restaurants
store
$ 100
Markets
store
$ 67
Markets
child_friendly
$ 1,324
Childcare
child_friendly
$ 9,491
Childcare
checkroom
$ 394
Clothing
checkroom
$ 284
Clothing
night_shelter
$ 3,962
Rent Per Month
night_shelter
$ 3,239
Rent Per Month
account_balance_wallet
$ 2,115
Salaries
account_balance_wallet
$ 1,394
Salaries
Faroe Islands VS Italy
restaurant

Restaurants

Faroe Islands

Italy

Difference

Meal, Inexpensive Restaurant

19.63 $ 14.33 $ 36 %

Meal for 2 People, Mid-range Restaurant, Three-course

102.74 $ 57.3 $ 79 %

McMeal at McDonalds (or Equivalent Combo Meal)

12.84 $ 7.64 $ 68 %

Domestic Beer (1 pint draught)

6.21 $ 4.78 $ 29 %

Imported Beer (12 oz small bottle)

4.0 $ 3.82 $ 4 %

Cappuccino (regular)

3.81 $ 1.4 $ 172 %

Coke/Pepsi (12 oz small bottle)

2.71 $ 2.12 $ 27 %

Water (12 oz small bottle)

1.9 $ 1.02 $ 86 %
store

Markets

Faroe Islands

Italy

Difference

Milk (regular), (1 gallon)

1.58 $ 1.13 $ 39 %

Loaf of Fresh White Bread (1 lb)

3.6 $ 1.55 $ 132 %

Rice (white), (1 lb)

2.53 $ 1.89 $ 33 %

Eggs (regular) (12)

3.3 $ 2.72 $ 21 %

Local Cheese (1 lb)

12.84 $ 11.94 $ 7 %

Chicken Fillets (1 lb)

11.15 $ 8.44 $ 32 %

Beef Round (1 lb) (or Equivalent Back Leg Red Meat)

13.7 $ 14.32 $ -4 %

Apples (1 lb)

2.89 $ 1.8 $ 60 %

Banana (1 lb)

2.83 $ 1.58 $ 79 %

Oranges (1 lb)

2.89 $ 1.77 $ 63 %

Tomato (1 lb)

3.64 $ 2.27 $ 60 %

Potato (1 lb)

1.28 $ 1.22 $ 4 %

Onion (1 lb)

3.21 $ 1.26 $ 154 %

Lettuce (1 head)

2.78 $ 1.02 $ 172 %

Water (1.5 liter bottle)

2.31 $ 0.4 $ 477 %

Bottle of Wine (Mid-Range)

15.41 $ 5.25 $ 193 %

Domestic Beer (0.5 liter bottle)

3.79 $ 1.33 $ 184 %

Imported Beer (12 oz small bottle)

2.79 $ 1.86 $ 49 %

Cigarettes 20 Pack (Marlboro)

8.35 $ 5.54 $ 50 %
commute

Transportation

Faroe Islands

Italy

Difference

One-way Ticket (Local Transport)

3.21 $ 1.43 $ 124 %

Monthly Pass (Regular Price)

-- 33.43 $ -100 %

Taxi Start (Normal Tariff)

8.99 $ 4.78 $ 88 %

Taxi 1 mile (Normal Tariff)

-- 1.22 $ --

Taxi 1hour Waiting (Normal Tariff)

47.17 $ 25.79 $ 82 %

Gasoline (1 gallon)

1.24 $ 1.99 $ -37 %

Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car)

35573.45 $ 22444.25 $ 58 %

Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car)

39811.44 $ 24094.96 $ 65 %
mark_as_unread

Utilities (Monthly)

Faroe Islands

Italy

Difference

Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment

128.42 $ 165.5 $ -22 %

1 min. of Prepaid Mobile Tariff Local (No Discounts or Plans)

-- 0.16 $ --

Internet (60 Mbps or More, Unlimited Data, Cable/ADSL)

51.37 $ 27.07 $ 89 %
kitesurfing

Sports And Leisure

Faroe Islands

Italy

Difference

Fitness Club, Monthly Fee for 1 Adult

47.2 $ 44.08 $ 7 %

Tennis Court Rent (1 Hour on Weekend)

12.84 $ 18.27 $ -29 %

Cinema, International Release, 1 Seat

12.84 $ 8.6 $ 49 %
child_friendly

Childcare

Faroe Islands

Italy

Difference

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

369.78 $ 431.37 $ -14 %

International Primary School, Yearly for 1 Child

955.07 $ 9060.33 $ -89 %
checkroom

Clothing And Shoes

Faroe Islands

Italy

Difference

1 Pair of Jeans (Levis 501 Or Similar)

89.9 $ 72.03 $ 24 %

1 Summer Dress in a Chain Store (Zara, H&M, ...)

38.53 $ 30.29 $ 27 %

1 Pair of Nike Running Shoes (Mid-Range)

112.37 $ 78.88 $ 42 %

1 Pair of Men Leather Business Shoes

154.11 $ 102.88 $ 49 %
night_shelter

Rent Per Month

Faroe Islands

Italy

Difference

Apartment (1 bedroom) in City Centre

698.68 $ 635.97 $ 9 %

Apartment (1 bedroom) Outside of Centre

624.45 $ 492.23 $ 26 %

Apartment (3 bedrooms) in City Centre

1477.3 $ 1235.68 $ 19 %

Apartment (3 bedrooms) Outside of Centre

1161.64 $ 875.35 $ 32 %
home

Buy Apartment Price

Faroe Islands

Italy

Difference

Price per Square Feet to Buy Apartment in City Centre

2825.33 $ 3809.64 $ -25 %

Price per Square Feet to Buy Apartment Outside of Centre

1258.78 $ 2091.3 $ -39 %
account_balance_wallet

Salaries And Financing

Faroe Islands

Italy

Difference

Average Monthly Net Salary (After Tax)

2115.27 $ 1394.88 $ 51 %

Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate

3.1 % 1.74 % 78 %