Cost of living
Torshavn compared to Ringkobing
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Overview comparison
TorshavnRingkobing
Consumer prices in Ringkobing are roughly 27% higher than in Torshavn.
Cost of living
| Item | Torshavn | Ringkobing |
|---|
| Total with rent one person | 1,729 | 1,789 |
|---|
| Total with rent family | 3,826 | 5,505 |
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| Without rent one person | 1,144 | 1,003 |
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| Without rent one family | 3,082 | 3,015 |
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| Rent & Utilities person | 869.93 | 1,187.88 |
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| Rent & Utilities family | 1,365.72 | 2,088.2 |
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| Food person | 734 | 694 |
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| Food family | 1,561 | 1,891 |
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| Transport person | 71.74 | 87.02 |
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| Transport family | 260.08 | 214.05 |
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| Life expectancy | 80.46 years | 68.56 years |
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Eating Out
| Item | Torshavn | Ringkobing |
|---|
| Lunch Menu | 16.77 | 14.64 |
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| Dinner in a Restaurant, for 2 | 150.78 | 114.61 |
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| Fast food meal, equiv. McDonald's | 20.27 | 18.73 |
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| Beer in a Pub, 0.5 L or 16 fl oz | 7.81 | 11.04 |
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| Cappuccino | 5.1 | 5.43 |
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| Pepsi / Coke, 0.5 L or 16.9 fl oz | 2.72 | 3.09 |
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Rent & Utilities
| Item | Torshavn | Ringkobing |
|---|
| 1 bedroom apartment in city Center, 40 m2 or 430 ft2 | 747.18 | 1,098.77 |
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| Cheap 1 bedroom apartment, 40 m2 or 430 ft2 | 651.29 | 727.51 |
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| 3 bedroom apartment in city Center, 80 m2 or 860 ft2 | 1,363.08 | 2,292.7 |
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| Cheap 3 bedroom apartment, 80 m2 or 860 ft2 | 1,515.9 | 1,689.46 |
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| Utility Bill one person, electricity, heating, water, etc. | 66.41 | 149.67 |
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| Utility Bill for a Family, electricity, heating, water, etc. | 85.06 | 239.41 |
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| Internet plan, 25 Mbps+ 1 month unlimited | 51.05 | 156.77 |
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Transportation
| Item | Torshavn | Ringkobing |
|---|
| Local transport ticket | 3.48 | 4.43 |
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| Monthly ticket local transport | 3,590 | 3,024 |
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| Taxi Ride, 8 km or 5 mi | 3,961 | 10,056 |
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| Gas / Petrol, 1 L or 0.26 gal | 3.62 | 3.71 |
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| Mortgage Interest Rate for 20 Years | 69.47% | 80.38% |
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| Apartment price to Buy in city Center, 1 m2 or 10 ft2 | 26.96 | 29.04 |
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| House price to Buy in Suburbs, 1 m2 or 10 ft2 | 2.38 | 0.81 |
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Groceries
| Item | Torshavn | Ringkobing |
|---|
| Milk, 1 L or 1 qt | 2.05 | 2.37 |
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| Bread, 0.5 kg or 1.1 lb | 3.08 | 3.5 |
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| Eggs, x12 | 4.79 | 5.18 |
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| Cheese, 1 kg or 2.2 lb | 12.35 | 13.87 |
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| Chicken Breast, 1 kg or 2.2 lb | 16.4 | 19.06 |
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| Round Steak, 1 kg or 2.2 lb | 16.13 | 15.61 |
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| Banana, 1 kg or 2.2 lb | 3.19 | 4.48 |
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| Water, 1 L or 1 qt | 1.6 | 1.58 |
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Other
| Item | Torshavn | Ringkobing |
|---|
| Gym Membership, 1 month | 58 | 50.83 |
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| Cinema Ticket, 1 person | 15.68 | 19.93 |
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| Doctors visit | 73.15 | 38.12 |
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| Haircut, simple | 38.37 | 50.54 |
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| Brand Jeans | 114.61 | 81.01 |
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| Brand Sneakers | 181.34 | 88.51 |
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| Daycare or Preschool, 1 month | 537.96 | 629.82 |
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| International Primary School, 1 year | 6,413 | 7,982 |
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