Cost of living in Faroe Islands compared to Nigeria
Currency:
| Food | + 153% | |||
|---|---|---|---|---|
| Food in Faroe Islands is 153% more expensive than in Nigeria | ||||
| Faroe Islands | Nigeria | Diff | ||
| Basic lunchtime menu (including a drink) in the business district | kr200 (13,379 ₦) | 2,597 ₦ | + 415% | |
| Combo meal in fast food restaurant (big mac meal or similar) | kr100 (6,690 ₦) | 3,245 ₦ | + 106% | |
| 500 gr (1 lb.) of boneless chicken breast | kr70 (4,683 ₦) | 1,758 ₦ | + 166% | |
| 1 liter (1 qt.) of whole fat milk | kr15 (1,003 ₦) | 1,508 ₦ | - 33% | |
| 12 eggs, large | kr36 (2,408 ₦) | 1,104 ₦ | + 118% | |
| 1 kg (2 lb.) of tomatoes | kr15 (1,003 ₦) | 1,146 ₦ | - 12% | |
| 500 gr (16 oz.) of local cheese | kr75 (5,017 ₦) | 1,311 ₦ | + 283% | |
| 1 kg (2 lb.) of apples | kr58 (3,902 ₦) | 1,908 ₦ | + 104% | |
| 1 kg (2 lb.) of potatoes | kr40 (2,676 ₦) | 1,283 ₦ | + 109% | |
| 0.5 l (16 oz) domestic beer in the supermarket | kr45 (3,041 ₦) | 511 ₦ | + 495% | |
| 1 bottle of red table wine, good quality | kr200 (13,379 ₦) | 3,826 ₦ | + 250% | |
| 2 liters of coca-cola | kr35 (2,341 ₦) | 1,012 ₦ | + 131% | |
| Bread for 2 people for 1 day | kr9 (585 ₦) | 642 ₦ | - 9% | |
| Housing | + 5% | |||
| Housing in Faroe Islands is 5% more expensive than in Nigeria | ||||
| Faroe Islands | Nigeria | Diff | ||
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in expensive area | kr10,000 (668,964 ₦) | 1,041,510 ₦ | - 36% | |
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in normal area | kr7,000 (468,275 ₦) | 426,501 ₦ | + 10% | |
| Utilities 1 month (heating, electricity, gas ...) for 2 people in 85m2 flat | - | 50,320 ₦ | - | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in expensive area | kr8,000 (535,171 ₦) | 441,651 ₦ | + 21% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in normal area | - | 237,787 ₦ | - | |
| Utilities 1 month (heating, electricity, gas ...) for 1 person in 45 m2 (480 sqft) studio | - | 88,435 ₦ | - | |
| Internet 8 mbps (1 month) | kr449 (30,036 ₦) | 18,513 ₦ | + 62% | |
| 40” flat screen tv | kr3,500 (234,137 ₦) | 121,559 ₦ | + 93% | |
| Microwave 800/900 watt (bosch, panasonic, lg, sharp, or equivalent brands) | - | 56,399 ₦ | - | |
| Laundry detergent (3 l. ~ 100 oz.) | kr120 (8,028 ₦) | 6,433 ₦ | + 25% | |
| Hourly rate for cleaning help | kr120 (8,028 ₦) | 1,500 ₦ | + 435% | |
| Clothes | + 195% | |||
| Clothes in Faroe Islands is 195% more expensive than in Nigeria | ||||
| Faroe Islands | Nigeria | Diff | ||
| 1 pair of jeans (levis 501 or similar) | kr1,100 (73,586 ₦) | 8,462 ₦ | + 770% | |
| 1 summer dress in a high street store (zara, h&m or similar retailers) | kr500 (33,448 ₦) | 12,300 ₦ | + 172% | |
| 1 pair of sport shoes (nike, adidas, or equivalent brands) | kr1,200 (80,276 ₦) | 28,695 ₦ | + 180% | |
| 1 pair of men’s leather business shoes | - | 29,497 ₦ | - | |
| Transportation | + 64% | |||
| Transportation in Faroe Islands is 64% more expensive than in Nigeria | ||||
| Faroe Islands | Nigeria | Diff | ||
| Volkswagen golf 1.4 tsi 150 cv (or equivalent), with no extras, new | kr308,000 (20,604,079 ₦) | 8,000,000 ₦ | + 158% | |
| 1 liter (1/4 gallon) of gas | kr13 (870 ₦) | 310 ₦ | + 181% | |
| Monthly ticket public transport | - | 22,353 ₦ | - | |
| Personal Care | + 67% | |||
| Personal Care in Faroe Islands is 67% more expensive than in Nigeria | ||||
| Faroe Islands | Nigeria | Diff | ||
| Cold medicine for 6 days (tylenol, frenadol, coldrex, or equivalent brands) | - | 383 ₦ | - | |
| 1 box of antibiotics (12 doses) | kr25 (1,672 ₦) | 1,629 ₦ | + 3% | |
| Short visit to private doctor (15 minutes) | - | 19,489 ₦ | - | |
| 1 box of 32 tampons (tampax, ob, ...) | kr50 (3,345 ₦) | 2,247 ₦ | + 49% | |
| Deodorant, roll-on (50ml ~ 1.5 oz.) | kr25 (1,672 ₦) | 835 ₦ | + 100% | |
| Hair shampoo 2-in-1 (400 ml ~ 12 oz.) | kr30 (2,007 ₦) | 1,660 ₦ | + 21% | |
| 4 rolls of toilet paper | kr20 (1,338 ₦) | 651 ₦ | + 106% | |
| Tube of toothpaste | kr25 (1,672 ₦) | 663 ₦ | + 152% | |
| Standard men's haircut in expat area of the city | kr400 (26,759 ₦) | 1,692 ₦ | + 1482% | |
| Entertainment | + 89% | |||
| Entertainment in Faroe Islands is 89% more expensive than in Nigeria | ||||
| Faroe Islands | Nigeria | Diff | ||
| Basic dinner out for two in neighborhood pub | kr250 (16,724 ₦) | 8,546 ₦ | + 96% | |
| 2 tickets to the movies | kr220 (14,717 ₦) | 6,169 ₦ | + 139% | |
| 2 tickets to the theater (best available seats) | - | 8,826 ₦ | - | |
| Dinner for two at an italian restaurant in the expat area including appetisers, main course, wine and dessert | kr600 (40,138 ₦) | 17,024 ₦ | + 136% | |
| 1 cocktail drink in downtown club | kr100 (6,690 ₦) | 3,233 ₦ | + 107% | |
| Cappuccino in expat area of the city | kr30 (2,007 ₦) | 1,074 ₦ | + 87% | |
| 1 beer in neighbourhood pub (500ml or 1pt.) | kr70 (4,683 ₦) | 500 ₦ | + 837% | |
| Ipad wi-fi 128gb | kr5,000 (334,482 ₦) | 137,406 ₦ | + 143% | |
| 1 min. of prepaid mobile tariff (no discounts or plans) | - | 24 ₦ | - | |
| 1 month of gym membership in business district | - | 20,543 ₦ | - | |
| 1 package of marlboro cigarettes | kr90 (6,021 ₦) | 519 ₦ | + 1061% | |
| TOTAL | + 67% | |||
WARNING! This comparison is based on only a few data points. At this point it is only a guess. It is based on 376 prices entered by 50 different people.
These prices were last updated on June 05, 2023.
Exchange rate:
66.896
NGN
/
DKK
*
Cost of living in Faroe Islands is 67% more expensive than in Nigeria
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