Cost of living in Torshavn is 3% lower than in Keflavik (without rent).
Rent in Torshavn is 14% cheaper than in Keflavik.
Cost of living including rent in Torshavn is 9% lower than in Keflavik.
Food in Torshavn is very similar to Keflavik.
Transport in Torshavn is very similar to Keflavik.
| Torshavn | Keflavik | |
|---|---|---|
| Cost of Living, including rent | ||
| Without Rent | ||
| Rent & Utilities | ||
| Food | ||
| Transport | ||
| Monthly Salary, after tax | ||
| Quality of Life | ||
| Population |
| Torshavn | Keflavik | |
|---|---|---|
Restaurants |
||
| Lunch menu, inexpensive restaurant |
20.5 $ | 22.4 $ |
| Dinner, for 2 | 135 $ | 126 $ |
| Fast food, McDonalds or KFC | 17.5 $ | 15.6 $ |
| Beer, 0.5 L or 16 fl oz | 9.33 $ | 7.79 $ |
| Capuccino | 5.69 $ | 3.65 $ |
| Coke, 330ml | 3.28 $ | 2.98 $ |
Markets |
Milk, 1 L or 1 qt | 2.12 $ | 1.72 $ |
| Bread, 0.5 kg or 1 lb | 3.33 $ | 3.69 $ |
| Rice, 1 kg or 2 lb | 1.97 $ | 2.58 $ |
| Eggs, 12 pack | 4.95 $ | 5.53 $ |
| Cheese, 1 kg or 2 lb | 15.4 $ | 15.9 $ |
| Chicken Breast, 1 kg or 2 lb | 14.4 $ | 19.5 $ |
| Round Steak, 1 kg or 2 lb | 15.8 $ | 29.8 $ |
| Apples, 1 kg or 2 lb | 3.33 $ | 2.06 $ |
| Banana, 1 kg or 2 lb | 2.69 $ | 2.06 $ |
| Oranges, 1 kg or 2 lb | 2.99 $ | 2.22 $ |
| Potatoes, 1 kg or 2 lb | 2.68 $ | 2.45 $ |
| Onions, 1 kg or 2 lb | 3.31 $ | 1.36 $ |
| Water, 1 L or 1 qt | 1.76 $ | 1.38 $ |
| Coca-Cola / Pepsi, 2 L or 67.6 fl oz | 5.82 $ | 2.74 $ |
| Wine, 750 mL bottle | 15.1 $ | 14.7 $ |
| Beer, 0.5 L or 16 fl oz | 3.59 $ | 3.22 $ |
| Cigarette pack | 10.6 $ | 11 $ |
Transport |
||
| Local transport ticket, One-way Ticket | 3.43 $ | 4.42 $ |
| Monthly pass, Monthly Ticket | 86.3 $ | 82 $ |
| Gas or petrol, 1 L or 0.26 gal | 2.08 $ | 2.27 $ |
| Taxi, 8 km | 25.1 $ | 24.9 $ |
Personal Care |
||
| Doctor visit, private clinic | 63.2 $ | 84.1 $ |
| Cold medicine, for 1 week | 9.35 $ | 11.6 $ |
| Hair shampoo, 400 ml or 12 oz | 4.79 $ | 5.3 $ |
| Toilet paper, 4 rolls | 2.82 $ | 4.68 $ |
| Toothpaste, 1 tube | 3.41 $ | 3.31 $ |
Utilities per Month |
||
| Utility bill - 1 person, electricity, heating, water & garbage |
59.8 $ | 25.7 $ |
| Utility bill - family, electricity, heating, water & garbage |
92.7 $ | 39.4 $ |
| Internet plan, +60 Mbps |
64 $ | 66.9 $ |
Rent per Month |
||
| 1 Bedroom Apartment, outside of center, 40 sq.m | 743 $ | 880 $ |
| 3 Bedroom Apartment, outside of center, 85 sq.m | 1,244 $ | 1,380 $ |
| 1 Bedroom Apartment, in city center, 40 sq.m | 895 $ | 1,242 $ |
| 3 Bedroom Apartment, in city center, 85 sq.m | 1,611 $ | 1,796 $ |
Buy Apartment Price |
||
| Price per Square Meter to Buy Apartment, in city center | 4,075 $ | 2,868 $ |
| Price per Square Meter to Buy House, in suburbs | 3,337 $ | 2,055 $ |
Salaries and Financing |
||
| Average Monthly Net Salary, after tax | 2,256 $ | 3,293 $ |
| Mortgage Interest Rate, for 20 years fixed-rate | 3.97 % | 5.34 % |
Sports and Leisure |
||
| Fitness Club, Monthly Fee for 1 Adult | 51.9 $ | 59.1 $ |
| Cinema, 1 seat | 15.2 $ | 13.6 $ |
| Haircut | 33.9 $ | 47.5 $ |
Clothing and Shoes |
||
| Brand Sneakers, mid-range, Nike or similar | 152 $ | 156 $ |
| Brand Jeans, Levis 501 | 145 $ | 112 $ |
Childcare |
||
| Preschool, full day, monthly for 1 child | 534 $ | 251 $ |
| International Primary School, yearly for 1 child | 7,117 $ | 6,190 $ |