Capital city in Streymoy, Faroe Islands
Cost of living in Tórshavn
How much a month costs in Tórshavn
For one person, including rent. A comfortable month costs about $3,010–4,210 (kr20,000–28,000).
Prices in Tórshavn
Typical 2026 ranges in DKK, rounded. US$ at the 03 Oct 2026 exchange rate.
| Item | DKK | US$ |
|---|---|---|
| Housing | ||
| 1-bedroom apartment, center (month) | kr8,000–13,000 | $1,200–1,960 |
| 1-bedroom apartment, outside center (month) | kr6,500–10,000 | $978–1,500 |
| Hostel dorm bed (night) | kr300–450 | $45–68 |
| Mid-range hotel room (night) | kr1,100–1,900 | $165–286 |
| Food and drink | ||
| Local meal or street food | kr100–150 | $15–23 |
| Mid-range restaurant, per person | kr220–350 | $33–53 |
| Cappuccino | kr35–50 | $5.3–7.5 |
| Local beer, 0.5 l in a bar | kr60–90 | $9.0–13.5 |
| Getting around | ||
| Ride-hailing or taxi, about 5 km | kr80–130 | $12.0–19.6 |
| Work and life | ||
| Gym membership (month) | kr350–500 | $53–75 |
| Mobile data, 20–50 GB (month) | kr150–350 | $23–53 |
Cheaper alternatives to Tórshavn
Similar safety, lower cost, in Europe.
| Place | Country | Comfortable month |
|---|---|---|
| Sibiu | Romania | $1,160–1,690 |
| Santiago de Compostela | Spain | $1,580–2,250 |
| Toledo | Spain | $1,690–2,360 |
| Córdoba | Spain | $1,690–2,360 |
| Coimbra | Portugal | $1,800–2,590 |
Quick answers
How much money do you need per month in Tórshavn?
About $1,650–2,260 on a lean budget, $3,010–4,210 for a comfortable month and $5,270–7,520 for a luxury one, rent included.
How much is rent in Tórshavn?
A furnished 1-bedroom apartment costs kr8,000–13,000 ($1,200–1,960) a month in the center and kr6,500–10,000 ($978–1,500) outside it.
How much does food cost in Tórshavn?
A local meal is kr100–150 ($15–23); a mid-range restaurant is kr220–350 ($33–53) per person.
Is Faroe Islands expensive?
Prices in Faroe Islands are about 94% of US price levels (World Bank PPP).
More about Tórshavn
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Sources
- ExchangeRate-API open rates
- World Bank: PPP conversion factor
- Visit Faroe Islands
- Strandfaraskip Landsins
- Atlantic Airways
Prices are SoloSquare estimates for 2026, reviewed against official and operator prices where available. Compiled and reviewed by SoloSquare. How we compile and score this. Spotted something out of date? Tell us.