Cost of living
North Korea compared to Faroe Islands
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Overview comparison
North KoreaFaroe Islands
Consumer prices in North Korea are roughly 32% higher than in Faroe Islands.
Cost of living
| Item | North Korea | Faroe Islands |
|---|
| Total with rent one person | 1,873 | 419 |
|---|
| Total with rent family | 3,899 | 1,084 |
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| Without rent one person | 612 | 270 |
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| Without rent one family | 2,155 | 825 |
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| Rent & Utilities person | 838.14 | 158 |
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| Rent & Utilities family | 1,724.89 | 404 |
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| Food person | 444 | 148 |
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| Food family | 1,187 | 289 |
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| Transport person | 103.55 | 54 |
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| Transport family | 286.92 | 118 |
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| Life expectancy | 83.8 years | 43 years |
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Eating Out
| Item | North Korea | Faroe Islands |
|---|
| Lunch Menu | 9.83 | 2 |
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| Dinner in a Restaurant, for 2 | 105.21 | 14 |
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| Fast food meal, equiv. McDonald's | 4.5 | 3 |
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| Beer in a Pub, 0.5 L or 16 fl oz | 1.91 | 1 |
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| Cappuccino | 2.04 | 1 |
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| Pepsi / Coke, 0.5 L or 16.9 fl oz | 0.55 | 1 |
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Rent & Utilities
| Item | North Korea | Faroe Islands |
|---|
| 1 bedroom apartment in city Center, 40 m2 or 430 ft2 | 930 | 262 |
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| Cheap 1 bedroom apartment, 40 m2 or 430 ft2 | 664.39 | 61 |
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| 3 bedroom apartment in city Center, 80 m2 or 860 ft2 | 2,499.79 | 353 |
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| Cheap 3 bedroom apartment, 80 m2 or 860 ft2 | 1,596.98 | 295 |
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| Utility Bill one person, electricity, heating, water, etc. | 95.6 | 20 |
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| Utility Bill for a Family, electricity, heating, water, etc. | 112.39 | 31 |
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| Internet plan, 25 Mbps+ 1 month unlimited | 63.18 | 48 |
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Transportation
| Item | North Korea | Faroe Islands |
|---|
| Local transport ticket | 14.41 | 10 |
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| Monthly ticket local transport | 1,285 | 530 |
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| Taxi Ride, 8 km or 5 mi | 839 | 351 |
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| Gas / Petrol, 1 L or 0.26 gal | 0.35 | 0 |
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| Mortgage Interest Rate for 20 Years | 50.31% | 6% |
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| Apartment price to Buy in city Center, 1 m2 or 10 ft2 | 15.37 | 9 |
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| House price to Buy in Suburbs, 1 m2 or 10 ft2 | 0.95 | 1 |
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Groceries
| Item | North Korea | Faroe Islands |
|---|
| Milk, 1 L or 1 qt | 2.49 | 1 |
|---|
| Bread, 0.5 kg or 1.1 lb | 2.21 | 1 |
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| Eggs, x12 | 2.35 | 2 |
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| Cheese, 1 kg or 2.2 lb | 8.22 | 7 |
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| Chicken Breast, 1 kg or 2.2 lb | 18.08 | 4 |
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| Round Steak, 1 kg or 2.2 lb | 5.42 | 4 |
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| Banana, 1 kg or 2.2 lb | 1.42 | 0 |
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| Water, 1 L or 1 qt | 0.3 | 0 |
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Other
| Item | North Korea | Faroe Islands |
|---|
| Gym Membership, 1 month | 21.17 | 34 |
|---|
| Cinema Ticket, 1 person | 4.45 | 4 |
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| Doctors visit | 15.48 | 11 |
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| Haircut, simple | 3.76 | 2 |
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| Brand Jeans | 22.44 | 17 |
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| Brand Sneakers | 71.25 | 70 |
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| Daycare or Preschool, 1 month | 108.49 | 91 |
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| International Primary School, 1 year | 3,990 | 10,566 |
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