Cost of Living in Faroe Islands vs Mongolia comparison

$2,321

Faroe Islands

Explore Faroe Islands, a captivating country with a population of 52,154. Embrace a comfortable lifestyle with an average cost of living at $2321 and a median after-tax salary of $2115.27. Enjoy dining at diverse restaurants for $153, shop for essentials at bustling markets with an average of $100, and entrust your childcare needs to facilities costing approximately $1324annually. Keep your wardrobe fresh with a clothing budget of $394and secure a lovely home for $3962per month. Faroe Islands also offers an attractive average salary of $2115.27. Immerse yourself in the beauty of Faroe Islands, where rich culture meets affordability.

$1,109

Mongolia

Discover Mongolia, a captivating country with a population of 3,075,647. Experience a comfortable way of life, where the average cost of living stands at $1109, and the median after-tax salary amounts to $314.84. Savor the culinary delights of Mongolia at various restaurants for an average of $47, explore bustling markets with essentials priced at around $46, and entrust your childcare needs to facilities costing approximately $7166annually. Keep your wardrobe stylish with a clothing budget of ${cloth_two}, and secure a beautiful home for $1522per month. Mongolia also boasts an appealing average salary of $314.84. Immerse yourself in the beauty of Mongolia, where affordability and cultural richness converge.

restaurant
$ 153
Restaurants
restaurant
$ 47
Restaurants
store
$ 100
Markets
store
$ 46
Markets
child_friendly
$ 1,324
Childcare
child_friendly
$ 7,166
Childcare
checkroom
$ 394
Clothing
checkroom
$ 211
Clothing
night_shelter
$ 3,962
Rent Per Month
night_shelter
$ 1,522
Rent Per Month
account_balance_wallet
$ 2,115
Salaries
account_balance_wallet
$ 314
Salaries
Faroe Islands VS Mongolia
restaurant

Restaurants

Faroe Islands

Mongolia

Difference

Meal, Inexpensive Restaurant

19.63 $ 5.02 $ 291 %

Meal for 2 People, Mid-range Restaurant, Three-course

102.74 $ 30.87 $ 232 %

McMeal at McDonalds (or Equivalent Combo Meal)

12.84 $ 4.17 $ 207 %

Domestic Beer (1 pint draught)

6.21 $ 1.62 $ 283 %

Imported Beer (12 oz small bottle)

4.0 $ 2.32 $ 72 %

Cappuccino (regular)

3.81 $ 2.25 $ 69 %

Coke/Pepsi (12 oz small bottle)

2.71 $ 0.69 $ 292 %

Water (12 oz small bottle)

1.9 $ 0.37 $ 413 %
store

Markets

Faroe Islands

Mongolia

Difference

Milk (regular), (1 gallon)

1.58 $ 1.07 $ 47 %

Loaf of Fresh White Bread (1 lb)

3.6 $ 0.6 $ 500 %

Rice (white), (1 lb)

2.53 $ 1.19 $ 112 %

Eggs (regular) (12)

3.3 $ 1.77 $ 86 %

Local Cheese (1 lb)

12.84 $ 7.82 $ 64 %

Chicken Fillets (1 lb)

11.15 $ 3.93 $ 183 %

Beef Round (1 lb) (or Equivalent Back Leg Red Meat)

13.7 $ 4.81 $ 184 %

Apples (1 lb)

2.89 $ 2.5 $ 15 %

Banana (1 lb)

2.83 $ 2.4 $ 17 %

Oranges (1 lb)

2.89 $ 2.72 $ 6 %

Tomato (1 lb)

3.64 $ 2.98 $ 22 %

Potato (1 lb)

1.28 $ 0.44 $ 190 %

Onion (1 lb)

3.21 $ 0.93 $ 245 %

Lettuce (1 head)

2.78 $ 1.02 $ 172 %

Water (1.5 liter bottle)

2.31 $ 0.5 $ 362 %

Bottle of Wine (Mid-Range)

15.41 $ 7.72 $ 99 %

Domestic Beer (0.5 liter bottle)

3.79 $ 0.83 $ 356 %

Imported Beer (12 oz small bottle)

2.79 $ 1.47 $ 89 %

Cigarettes 20 Pack (Marlboro)

8.35 $ 1.7 $ 391 %
commute

Transportation

Faroe Islands

Mongolia

Difference

One-way Ticket (Local Transport)

3.21 $ 0.15 $ 2040 %

Monthly Pass (Regular Price)

-- 7.56 $ -100 %

Taxi Start (Normal Tariff)

8.99 $ 0.46 $ 1854 %

Taxi 1 mile (Normal Tariff)

-- 0.46 $ --

Taxi 1hour Waiting (Normal Tariff)

47.17 $ 2.78 $ 1596 %

Gasoline (1 gallon)

1.24 $ 0.84 $ 47 %

Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car)

35573.45 $ 18521.83 $ 92 %

Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car)

39811.44 $ 16978.34 $ 134 %
mark_as_unread

Utilities (Monthly)

Faroe Islands

Mongolia

Difference

Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment

128.42 $ 59.26 $ 116 %

1 min. of Prepaid Mobile Tariff Local (No Discounts or Plans)

-- 0.03 $ --

Internet (60 Mbps or More, Unlimited Data, Cable/ADSL)

51.37 $ 12.77 $ 302 %
kitesurfing

Sports And Leisure

Faroe Islands

Mongolia

Difference

Fitness Club, Monthly Fee for 1 Adult

47.2 $ 54.79 $ -13 %

Tennis Court Rent (1 Hour on Weekend)

12.84 $ 12.61 $ 1 %

Cinema, International Release, 1 Seat

12.84 $ 3.09 $ 315 %
child_friendly

Childcare

Faroe Islands

Mongolia

Difference

Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child

369.78 $ 118.33 $ 212 %

International Primary School, Yearly for 1 Child

955.07 $ 7048.58 $ -86 %
checkroom

Clothing And Shoes

Faroe Islands

Mongolia

Difference

1 Pair of Jeans (Levis 501 Or Similar)

89.9 $ 38.97 $ 130 %

1 Summer Dress in a Chain Store (Zara, H&M, ...)

38.53 $ 26.43 $ 45 %

1 Pair of Nike Running Shoes (Mid-Range)

112.37 $ 65.98 $ 70 %

1 Pair of Men Leather Business Shoes

154.11 $ 80.26 $ 92 %
night_shelter

Rent Per Month

Faroe Islands

Mongolia

Difference

Apartment (1 bedroom) in City Centre

698.68 $ 293.34 $ 138 %

Apartment (1 bedroom) Outside of Centre

624.45 $ 174.42 $ 258 %

Apartment (3 bedrooms) in City Centre

1477.3 $ 657.43 $ 124 %

Apartment (3 bedrooms) Outside of Centre

1161.64 $ 397.57 $ 192 %
home

Buy Apartment Price

Faroe Islands

Mongolia

Difference

Price per Square Feet to Buy Apartment in City Centre

2825.33 $ 1131.92 $ 149 %

Price per Square Feet to Buy Apartment Outside of Centre

1258.78 $ 779.46 $ 61 %
account_balance_wallet

Salaries And Financing

Faroe Islands

Mongolia

Difference

Average Monthly Net Salary (After Tax)

2115.27 $ 314.84 $ 571 %

Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate

3.1 % 8.61 % -63 %