Cost of living in Torshavn is 7% lower than in Monte Carlo (without rent).
Rent in Torshavn is 85% cheaper than in Monte Carlo.
Cost of living including rent in Torshavn is 73% lower than in Monte Carlo.
Food in Torshavn is 9% cheaper than in Monte Carlo.
Transport in Torshavn is 32% more expensive than in Monte Carlo.
| Torshavn | Monte Carlo | |
|---|---|---|
| Cost of Living, including rent | ||
| Without Rent | ||
| Rent & Utilities | ||
| Food | ||
| Transport | ||
| Monthly Salary, after tax | ||
| Quality of Life | ||
| Population |
| Torshavn | Monte Carlo | |
|---|---|---|
Restaurants |
||
| Lunch menu, inexpensive restaurant |
20.5 $ | 21.9 $ |
| Dinner, for 2 | 135 $ | 118 $ |
| Fast food, McDonalds or KFC | 17.5 $ | 10.3 $ |
| Beer, 0.5 L or 16 fl oz | 9.33 $ | 10 $ |
| Capuccino | 5.69 $ | 4.19 $ |
| Coke, 330ml | 3.28 $ | 4.83 $ |
Markets |
Milk, 1 L or 1 qt | 2.12 $ | 2.77 $ |
| Bread, 0.5 kg or 1 lb | 3.33 $ | 5.03 $ |
| Rice, 1 kg or 2 lb | 1.97 $ | 4.43 $ |
| Eggs, 12 pack | 4.95 $ | 5.6 $ |
| Cheese, 1 kg or 2 lb | 15.4 $ | 16.8 $ |
| Chicken Breast, 1 kg or 2 lb | 14.4 $ | 18.6 $ |
| Round Steak, 1 kg or 2 lb | 15.8 $ | 25.1 $ |
| Apples, 1 kg or 2 lb | 3.33 $ | 5.99 $ |
| Banana, 1 kg or 2 lb | 2.69 $ | 2.8 $ |
| Oranges, 1 kg or 2 lb | 2.99 $ | 4.8 $ |
| Potatoes, 1 kg or 2 lb | 2.68 $ | 2.15 $ |
| Onions, 1 kg or 2 lb | 3.31 $ | 3.31 $ |
| Water, 1 L or 1 qt | 1.76 $ | 1 $ |
| Coca-Cola / Pepsi, 2 L or 67.6 fl oz | 5.82 $ | 3.72 $ |
| Wine, 750 mL bottle | 15.1 $ | 25.1 $ |
| Beer, 0.5 L or 16 fl oz | 3.59 $ | 1.96 $ |
| Cigarette pack | 10.6 $ | 11.3 $ |
Transport |
||
| Local transport ticket, One-way Ticket | 3.43 $ | 1.97 $ |
| Monthly pass, Monthly Ticket | 86.3 $ | 37.4 $ |
| Gas or petrol, 1 L or 0.26 gal | 2.08 $ | 2.4 $ |
| Taxi, 8 km | 25.1 $ | 23.6 $ |
Personal Care |
||
| Doctor visit, private clinic | 63.2 $ | 86.4 $ |
| Cold medicine, for 1 week | 9.35 $ | 17.6 $ |
| Hair shampoo, 400 ml or 12 oz | 4.79 $ | 10.9 $ |
| Toilet paper, 4 rolls | 2.82 $ | 3.37 $ |
| Toothpaste, 1 tube | 3.41 $ | 5.95 $ |
Utilities per Month |
||
| Utility bill - 1 person, electricity, heating, water & garbage |
59.8 $ | 195 $ |
| Utility bill - family, electricity, heating, water & garbage |
92.7 $ | 303 $ |
| Internet plan, +60 Mbps |
64 $ | 119 $ |
Rent per Month |
||
| 1 Bedroom Apartment, outside of center, 40 sq.m | 743 $ | 5,968 $ |
| 3 Bedroom Apartment, outside of center, 85 sq.m | 1,244 $ | 7,424 $ |
| 1 Bedroom Apartment, in city center, 40 sq.m | 895 $ | 4,636 $ |
| 3 Bedroom Apartment, in city center, 85 sq.m | 1,611 $ | 7,621 $ |
Buy Apartment Price |
||
| Price per Square Meter to Buy Apartment, in city center | 4,075 $ | 65,450 $ |
| Price per Square Meter to Buy House, in suburbs | 3,337 $ | 51,405 $ |
Salaries and Financing |
||
| Average Monthly Net Salary, after tax | 2,256 $ | 6,601 $ |
| Mortgage Interest Rate, for 20 years fixed-rate | 3.97 % | 2.01 % |
Sports and Leisure |
||
| Fitness Club, Monthly Fee for 1 Adult | 51.9 $ | 83.9 $ |
| Cinema, 1 seat | 15.2 $ | 17.7 $ |
| Haircut | 33.9 $ | 37.7 $ |
Clothing and Shoes |
||
| Brand Sneakers, mid-range, Nike or similar | 152 $ | 194 $ |
| Brand Jeans, Levis 501 | 145 $ | 103 $ |
Childcare |
||
| Preschool, full day, monthly for 1 child | 534 $ | 2,181 $ |
| International Primary School, yearly for 1 child | 7,117 $ | 16,632 $ |