Cost of living in Klaksvik

Klaksvik, a charming city in the Faroe Islands, offers a unique living experience with its picturesque landscapes and vibrant community. Understanding the cost of living here is crucial for anyone considering a move or planning a visit.

This guide provides a detailed breakdown of expenses in Klaksvik, including housing, dining, groceries, and more, to help you make informed financial decisions.

Cost of Living Summary

Dining and Restaurants

  • Inexpensive Restaurant Meal - A meal at an inexpensive restaurant in Klaksvik averages $23.71, with prices ranging from $10.54 to $36.88.

Grocery Prices

  • Loaf of Fresh White Bread - A loaf of fresh white bread (500g) is priced at $10.54.
  • Local Cheese - Local cheese costs $10.54 per kilogram.
  • Rice - Rice is available at an average price of $5.27 per kilogram.

Housing Costs

  • 1-Bedroom Apartment Rent (City Centre) - Rent for a 1-bedroom apartment in the city centre averages $526.83.
  • 3-Bedroom Apartment Rent (Outside Centre) - Rent for a 3-bedroom apartment outside the city centre averages $1053.66.

Cost of Living Data

The following pricing data has been gathered from 6 user contributions, as of the most recent update in January, 2024.
Restaurants
Avg / Range
Meal, Inexpensive Restaurant
$23.71
Markets
Avg / Range
Loaf of Fresh White Bread (500g)
$10.54
Local Cheese (1kg)
$10.54
Rice (white), (1kg)
$5.27
Rent Per Month
Avg / Range
Apartment (1 bedroom) in City Centre
$526.83
Apartment (3 bedrooms) Outside of Centre
$1,053.66
Salaries And Financing
Avg / Range
Average Monthly Net Salary (After Tax)
$1,980.64
OverviewJob Market
Klaksvik Cost of Living

"Key Takeaways"

Klaksvik offers a relatively affordable cost of living compared to larger cities, with moderate housing costs and reasonable dining expenses.

Grocery prices can be higher, particularly for items like bread and cheese, reflecting the unique market conditions of the Faroe Islands.

Conclusion

In conclusion, Klaksvik presents a balanced cost of living with affordable housing and dining options, though grocery prices may be higher.

Potential residents should consider these factors when planning their budget, ensuring a comfortable lifestyle in this beautiful city.

Klaksvik

Nearby Cities

We don't have any relevant "Quality of life" data on cities with a 200 mile radius of Klaksvik
All cities in Faroe Islands