Cost of living
Faroe Islands compared to Monaco
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Overview comparison
Faroe IslandsMonaco
Consumer prices in Monaco are roughly 94% higher than in Faroe Islands.
Cost of living
| Item | Faroe Islands | Monaco |
|---|
| Total with rent one person | 419 | 7,884 |
|---|
| Total with rent family | 1,084 | 11,354 |
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| Without rent one person | 270 | 1,039 |
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| Without rent one family | 825 | 3,847 |
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| Rent & Utilities person | 158 | 5,146.56 |
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| Rent & Utilities family | 404 | 7,992.93 |
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| Food person | 148 | 648 |
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| Food family | 289 | 1,715 |
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| Transport person | 54 | 63.83 |
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| Transport family | 118 | 150.82 |
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| Life expectancy | 43 years | 103.76 years |
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Eating Out
| Item | Faroe Islands | Monaco |
|---|
| Lunch Menu | 2 | 17.53 |
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| Dinner in a Restaurant, for 2 | 14 | 106.09 |
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| Fast food meal, equiv. McDonald's | 3 | 12.1 |
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| Beer in a Pub, 0.5 L or 16 fl oz | 1 | 9.07 |
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| Cappuccino | 1 | 5.4 |
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| Pepsi / Coke, 0.5 L or 16.9 fl oz | 1 | 5.19 |
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Rent & Utilities
| Item | Faroe Islands | Monaco |
|---|
| 1 bedroom apartment in city Center, 40 m2 or 430 ft2 | 262 | 5,378.67 |
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| Cheap 1 bedroom apartment, 40 m2 or 430 ft2 | 61 | 7,043.1 |
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| 3 bedroom apartment in city Center, 80 m2 or 860 ft2 | 353 | 6,704.13 |
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| Cheap 3 bedroom apartment, 80 m2 or 860 ft2 | 295 | 6,711.5 |
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| Utility Bill one person, electricity, heating, water, etc. | 20 | 174.97 |
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| Utility Bill for a Family, electricity, heating, water, etc. | 31 | 296.21 |
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| Internet plan, 25 Mbps+ 1 month unlimited | 48 | 73.11 |
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Transportation
| Item | Faroe Islands | Monaco |
|---|
| Local transport ticket | 10 | 2.8 |
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| Monthly ticket local transport | 530 | 66,597 |
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| Taxi Ride, 8 km or 5 mi | 351 | 63,543 |
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| Gas / Petrol, 1 L or 0.26 gal | 0 | 1.74 |
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| Mortgage Interest Rate for 20 Years | 6% | 25.94% |
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| Apartment price to Buy in city Center, 1 m2 or 10 ft2 | 9 | 19.54 |
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| House price to Buy in Suburbs, 1 m2 or 10 ft2 | 1 | 2.55 |
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Groceries
| Item | Faroe Islands | Monaco |
|---|
| Milk, 1 L or 1 qt | 1 | 1.9 |
|---|
| Bread, 0.5 kg or 1.1 lb | 1 | 5.91 |
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| Eggs, x12 | 2 | 5.09 |
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| Cheese, 1 kg or 2.2 lb | 7 | 15.43 |
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| Chicken Breast, 1 kg or 2.2 lb | 4 | 13.97 |
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| Round Steak, 1 kg or 2.2 lb | 4 | 18.01 |
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| Banana, 1 kg or 2.2 lb | 0 | 2.59 |
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| Water, 1 L or 1 qt | 0 | 0.98 |
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Other
| Item | Faroe Islands | Monaco |
|---|
| Gym Membership, 1 month | 34 | 90.02 |
|---|
| Cinema Ticket, 1 person | 4 | 12.31 |
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| Doctors visit | 11 | 78.93 |
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| Haircut, simple | 2 | 40.86 |
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| Brand Jeans | 17 | 87.09 |
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| Brand Sneakers | 70 | 210.93 |
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| Daycare or Preschool, 1 month | 91 | 2,261.56 |
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| International Primary School, 1 year | 10,566 | 35,363 |
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