Cost of living in Faroe Islands compared to Nigeria
Currency:
| Food | + 93% | |||
|---|---|---|---|---|
| Food in Faroe Islands is 93% more expensive than in Nigeria | ||||
| Faroe Islands | Nigeria | Diff | ||
| Basic lunchtime menu (including a drink) in the business district | kr120 (6,976 ₦) | 3,461 ₦ | + 102% | |
| Combo meal in fast food restaurant (big mac meal or similar) | kr90 (5,232 ₦) | 3,494 ₦ | + 50% | |
| 500 gr (1 lb.) of boneless chicken breast | - | 1,266 ₦ | - | |
| 1 liter (1 qt.) of whole fat milk | kr12 (698 ₦) | 1,051 ₦ | - 34% | |
| 12 eggs, large | kr30 (1,744 ₦) | 808 ₦ | + 116% | |
| 1 kg (2 lb.) of tomatoes | kr15 (872 ₦) | 989 ₦ | - 12% | |
| 500 gr (16 oz.) of local cheese | kr100 (5,813 ₦) | 5,019 ₦ | + 16% | |
| 1 kg (2 lb.) of apples | kr10 (581 ₦) | 1,236 ₦ | - 53% | |
| 1 kg (2 lb.) of potatoes | kr30 (1,744 ₦) | 1,012 ₦ | + 72% | |
| 0.5 l (16 oz) domestic beer in the supermarket | kr68 (3,953 ₦) | 367 ₦ | + 977% | |
| 1 bottle of red table wine, good quality | kr95 (5,522 ₦) | 4,640 ₦ | + 19% | |
| 2 liters of coca-cola | kr46 (2,660 ₦) | 659 ₦ | + 304% | |
| Bread for 2 people for 1 day | kr19 (1,104 ₦) | 528 ₦ | + 109% | |
| Housing | + 17% | |||
| Housing in Faroe Islands is 17% more expensive than in Nigeria | ||||
| Faroe Islands | Nigeria | Diff | ||
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in expensive area | kr10,000 (581,312 ₦) | 600,977 ₦ | - 3% | |
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in normal area | kr7,000 (406,918 ₦) | 344,756 ₦ | + 18% | |
| Utilities 1 month (heating, electricity, gas ...) for 2 people in 85m2 flat | - | 21,473 ₦ | - | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in expensive area | kr8,000 (465,049 ₦) | 319,785 ₦ | + 45% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in normal area | - | 184,708 ₦ | - | |
| Utilities 1 month (heating, electricity, gas ...) for 1 person in 45 m2 (480 sqft) studio | - | 7,649 ₦ | - | |
| Internet 8 mbps (1 month) | kr449 (26,101 ₦) | 17,828 ₦ | + 46% | |
| 40” flat screen tv | kr2,465 (143,317 ₦) | 105,832 ₦ | + 35% | |
| Microwave 800/900 watt (bosch, panasonic, lg, sharp, or equivalent brands) | - | 74,342 ₦ | - | |
| Laundry detergent (3 l. ~ 100 oz.) | - | 1,818 ₦ | - | |
| Hourly rate for cleaning help | kr120 (6,976 ₦) | - | - | |
| Clothes | + 244% | |||
| Clothes in Faroe Islands is 244% more expensive than in Nigeria | ||||
| Faroe Islands | Nigeria | Diff | ||
| 1 pair of jeans (levis 501 or similar) | kr700 (40,692 ₦) | 9,511 ₦ | + 328% | |
| 1 summer dress in a high street store (zara, h&m or similar retailers) | kr1,200 (69,757 ₦) | 14,349 ₦ | + 386% | |
| 1 pair of sport shoes (nike, adidas, or equivalent brands) | kr750 (43,598 ₦) | 46,330 ₦ | - 6% | |
| 1 pair of men’s leather business shoes | - | 37,979 ₦ | - | |
| Transportation | + 144% | |||
| Transportation in Faroe Islands is 144% more expensive than in Nigeria | ||||
| Faroe Islands | Nigeria | Diff | ||
| Volkswagen golf 1.4 tsi 150 cv (or equivalent), with no extras, new | kr308,000 (17,904,400 ₦) | 7,857,240 ₦ | + 128% | |
| 1 liter (1/4 gallon) of gas | kr40 (2,325 ₦) | 182 ₦ | + 1174% | |
| Monthly ticket public transport | - | 8,326 ₦ | - | |
| Personal Care | + 46% | |||
| Personal Care in Faroe Islands is 46% more expensive than in Nigeria | ||||
| Faroe Islands | Nigeria | Diff | ||
| Cold medicine for 6 days (tylenol, frenadol, coldrex, or equivalent brands) | - | 526 ₦ | - | |
| 1 box of antibiotics (12 doses) | kr25 (1,453 ₦) | 1,787 ₦ | - 19% | |
| Short visit to private doctor (15 minutes) | - | 15,152 ₦ | - | |
| 1 box of 32 tampons (tampax, ob, ...) | - | 1,295 ₦ | - | |
| Deodorant, roll-on (50ml ~ 1.5 oz.) | kr31 (1,817 ₦) | 1,096 ₦ | + 66% | |
| Hair shampoo 2-in-1 (400 ml ~ 12 oz.) | kr35 (2,035 ₦) | 1,223 ₦ | + 66% | |
| 4 rolls of toilet paper | kr18 (1,017 ₦) | 604 ₦ | + 68% | |
| Tube of toothpaste | kr20 (1,163 ₦) | 529 ₦ | + 120% | |
| Standard men's haircut in expat area of the city | kr220 (12,789 ₦) | 1,631 ₦ | + 684% | |
| Entertainment | + 37% | |||
| Entertainment in Faroe Islands is 37% more expensive than in Nigeria | ||||
| Faroe Islands | Nigeria | Diff | ||
| Basic dinner out for two in neighborhood pub | kr250 (14,533 ₦) | 5,323 ₦ | + 173% | |
| 2 tickets to the movies | kr208 (12,087 ₦) | 5,345 ₦ | + 126% | |
| 2 tickets to the theater (best available seats) | - | 19,661 ₦ | - | |
| Dinner for two at an italian restaurant in the expat area including appetisers, main course, wine and dessert | - | 9,858 ₦ | - | |
| 1 cocktail drink in downtown club | - | 970 ₦ | - | |
| Cappuccino in expat area of the city | - | 596 ₦ | - | |
| 1 beer in neighbourhood pub (500ml or 1pt.) | - | 579 ₦ | - | |
| Ipad wi-fi 128gb | kr3,900 (226,712 ₦) | 182,671 ₦ | + 24% | |
| 1 min. of prepaid mobile tariff (no discounts or plans) | - | 25 ₦ | - | |
| 1 month of gym membership in business district | - | 20,152 ₦ | - | |
| 1 package of marlboro cigarettes | kr65 (3,779 ₦) | 501 ₦ | + 655% | |
| TOTAL | + 69% | |||
WARNING! This comparison is based on only a few data points. At this point it is only a guess. It is based on 285 prices entered by 45 different people.
These prices were last updated on May 11, 2022.
Exchange rate:
58.131
NGN
/
DKK
*
Cost of living in Faroe Islands is 69% more expensive than in Nigeria
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