Tórshavn, Tórshavn, FO · Population 14,038 · National capital
▲ +25% vs FO average
| Expense | Estimated cost | Basis |
|---|---|---|
| Meal at an inexpensive restaurant | $8.19 | per meal |
| Three-course meal for two, mid-range | $32.76 | per meal |
| Cappuccino | $2.46 | each |
| Monthly groceries (single person) | $186 | per month |
| Monthly public transport pass | $30.03 | per month |
| Basic utilities for an 85m² apartment | $79.17 | per month |
| Internet (60 Mbps, unlimited) | $22.93 | per month |
| Fitness club membership | $22.93 | per month |
| Cinema ticket | $6.01 | each |
| One-bedroom apartment in city centre | $447 | per month |
| One-bedroom apartment outside centre | $311 | per month |
| Three-bedroom apartment in city centre | $933 | per month |
The estimated average net salary in Tórshavn is $1,170 per month. To live comfortably — covering the full single-person budget of $857 with about 30% left over for savings — you would need a net income of roughly $1,114 per month.
Housing takes the largest share: rent for a one-bedroom outside the centre ($311) represents about 36% of the total single-person budget.
10 km away · Nes
11 km away · Sjóvar
12 km away · Skopun
12 km away · Runavík
20 km away · Sandur
20 km away · Kvívík
20 km away · Vágar
21 km away · Skálavík
Tórshavn is the capital and one of the key cities in FO. The estimated monthly cost of living for a single person is $857, placing it above the national average. Housing represents the largest expense, with a one-bedroom apartment outside the city centre costing around $311 per month.
For families, the estimated budget rises to $2,032 per month, driven mainly by larger housing needs and increased food and transport spending. Couples can expect to spend approximately $1,550 monthly.
The average estimated net salary in Tórshavn is $1,170. To maintain a comfortable lifestyle with room for savings, a single person typically needs a net income of at least $1,114 per month.