Cost of living in Faroe Islands compared to Nigeria
Currency:
| Food | + 114% | |||
|---|---|---|---|---|
| Food in Faroe Islands is 114% more expensive than in Nigeria | ||||
| Basic lunchtime menu (including a drink) in the business district | - | 2,074 ₦ | - | |
| Combo meal in fast food restaurant (big mac meal or similar) | kr93 (5,759 ₦) | 2,369 ₦ | + 143% | |
| 500 gr (1 lb.) of boneless chicken breast | - | 1,030 ₦ | - | |
| 1 liter (1 qt.) of whole fat milk | kr12 (763 ₦) | 752 ₦ | + 1% | |
| 12 eggs, large | kr30 (1,858 ₦) | 708 ₦ | + 162% | |
| 1 kg (2 lb.) of tomatoes | kr15 (929 ₦) | 533 ₦ | + 74% | |
| 500 gr (16 oz.) of local cheese | kr100 (6,193 ₦) | 3,269 ₦ | + 89% | |
| 1 kg (2 lb.) of apples | kr10 (619 ₦) | 847 ₦ | - 27% | |
| 1 kg (2 lb.) of potatoes | kr30 (1,858 ₦) | 961 ₦ | + 93% | |
| 0.5 l (16 oz) domestic beer in the supermarket | kr30 (1,858 ₦) | 440 ₦ | + 322% | |
| 1 bottle of red table wine, good quality | kr140 (8,670 ₦) | 2,826 ₦ | + 207% | |
| 2 liters of coca-cola | kr35 (2,168 ₦) | 306 ₦ | + 609% | |
| Bread for 2 people for 1 day | kr20 (1,239 ₦) | 361 ₦ | + 243% | |
| Housing | + 61% | |||
| Housing in Faroe Islands is 61% more expensive than in Nigeria | ||||
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in expensive area | - | 427,015 ₦ | - | |
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in normal area | - | 169,522 ₦ | - | |
| Utilities 1 month (heating, electricity, gas ...) for 2 people in 85m2 flat | - | 31,646 ₦ | - | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in expensive area | kr8,000 (495,440 ₦) | 125,257 ₦ | + 296% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in normal area | - | 115,758 ₦ | - | |
| Utilities 1 month (heating, electricity, gas ...) for 1 person in 45 m2 (480 sqft) studio | - | 21,205 ₦ | - | |
| Internet 8 mbps (1 month) | kr449 (27,807 ₦) | 9,971 ₦ | + 179% | |
| 40” flat screen tv | kr2,465 (152,683 ₦) | 75,224 ₦ | + 103% | |
| Microwave 800/900 watt (bosch, panasonic, lg, sharp, or equivalent brands) | - | 31,266 ₦ | - | |
| Laundry detergent (3 l. ~ 100 oz.) | - | 1,281 ₦ | - | |
| Hourly rate for cleaning help | kr120 (7,432 ₦) | 1,000 ₦ | + 643% | |
| Clothes | + 413% | |||
| Clothes in Faroe Islands is 413% more expensive than in Nigeria | ||||
| 1 pair of jeans (levis 501 or similar) | kr700 (43,351 ₦) | 6,646 ₦ | + 552% | |
| 1 summer dress in a high street store (zara, h&m or similar retailers) | kr1,200 (74,316 ₦) | 11,438 ₦ | + 550% | |
| 1 pair of sport shoes (nike, adidas, or equivalent brands) | kr750 (46,447 ₦) | 16,911 ₦ | + 175% | |
| 1 pair of men’s leather business shoes | - | 20,625 ₦ | - | |
| Transportation | + 75% | |||
| Transportation in Faroe Islands is 75% more expensive than in Nigeria | ||||
| Volkswagen golf 1.4 tsi 150 cv (or equivalent), with no extras, new | kr308,000 (19,074,437 ₦) | 7,702,020 ₦ | + 148% | |
| 1 liter (1/4 gallon) of gas | kr8 (494 ₦) | 144 ₦ | + 242% | |
| Monthly ticket public transport | - | 12,525 ₦ | - | |
| Personal Care | + 59% | |||
| Personal Care in Faroe Islands is 59% more expensive than in Nigeria | ||||
| Cold medicine for 6 days (tylenol, frenadol, coldrex, or equivalent brands) | - | 1,669 ₦ | - | |
| 1 box of antibiotics (12 doses) | kr25 (1,548 ₦) | 2,343 ₦ | - 34% | |
| Short visit to private doctor (15 minutes) | - | 15,181 ₦ | - | |
| 1 box of 32 tampons (tampax, ob, ...) | - | 1,323 ₦ | - | |
| Deodorant, roll-on (50ml ~ 1.5 oz.) | kr31 (1,935 ₦) | 902 ₦ | + 114% | |
| Hair shampoo 2-in-1 (400 ml ~ 12 oz.) | kr35 (2,168 ₦) | 1,815 ₦ | + 19% | |
| 4 rolls of toilet paper | kr18 (1,084 ₦) | 354 ₦ | + 207% | |
| Tube of toothpaste | kr20 (1,239 ₦) | 520 ₦ | + 138% | |
| Standard men's haircut in expat area of the city | kr220 (13,625 ₦) | 2,337 ₦ | + 483% | |
| Entertainment | + 48% | |||
| Entertainment in Faroe Islands is 48% more expensive than in Nigeria | ||||
| Basic dinner out for two in neighborhood pub | kr250 (15,482 ₦) | 5,838 ₦ | + 165% | |
| 2 tickets to the movies | kr208 (12,877 ₦) | 3,848 ₦ | + 235% | |
| 2 tickets to the theater (best available seats) | - | 13,722 ₦ | - | |
| Dinner for two at an italian restaurant in the expat area including appetisers, main course, wine and dessert | - | 27,860 ₦ | - | |
| 1 cocktail drink in downtown club | - | 2,455 ₦ | - | |
| Cappuccino in expat area of the city | - | 1,814 ₦ | - | |
| 1 beer in neighbourhood pub (500ml or 1pt.) | - | 511 ₦ | - | |
| Ipad wi-fi 128gb | kr3,900 (241,527 ₦) | 163,040 ₦ | + 48% | |
| 1 min. of prepaid mobile tariff (no discounts or plans) | - | 33 ₦ | - | |
| 1 month of gym membership in business district | - | 16,561 ₦ | - | |
| 1 package of marlboro cigarettes | kr65 (4,025 ₦) | 541 ₦ | + 644% | |
| TOTAL | + 86% | |||
WARNING! This comparison is based on only a few data points. At this point it is only a guess. It is based on 701 prices entered by 55 different people.
These prices were last updated on February 24, 2021.
Exchange rate:
61.930
NGN
/
DKK
*
Cost of living in Faroe Islands is 86% more expensive than in Nigeria
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