Cost of living in Vestmanna
Vestmanna, a charming town in the Faroe Islands, offers a unique living experience with its picturesque landscapes and serene environment. 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 Vestmanna, covering essential categories such as housing, groceries, transportation, and more, to help you make informed financial decisions.
Cost of Living Summary
Dining and Restaurants
- Bottle of Wine (Mid-Range) - A mid-range bottle of wine costs approximately $19.78.
- Imported Beer (0.33 liter bottle) - An imported beer bottle is priced at $3.53.
- Cigarettes 20 Pack (Marlboro) - A pack of Marlboro cigarettes costs $9.18.
Grocery Prices
- Milk - Milk is priced at $1.98 per liter.
- Bread (Loaf of Fresh White Bread) - A loaf of fresh white bread costs $3.53.
- Eggs (Dozen) - A dozen eggs are priced at $4.07.
- Local Cheese - Local cheese costs $16.95 per kg.
- Water (1.5 liter bottle) - A 1.5-liter bottle of water is priced at $4.24.
- Chicken Fillets - Chicken fillets cost $13.99 per kg.
- Beef Round - Beef round is priced at $25.43 per kg.
- Fruits (e.g., Apples, Oranges, Bananas) - Apples, oranges, and bananas are priced at $2.83, $2.83, and $2.12 per kg respectively.
- Vegetables (e.g., Potatoes, Tomatoes, Onions) - Potatoes, tomatoes, and onions are priced at $2.12, $2.83, and $2.83 per kg respectively.
Transportation
- Gasoline - Gasoline is priced at $1.27 per liter.
- Taxi Start (Normal Tariff) - The starting fare for a taxi is $9.89.
- Volkswagen Golf 1.4 90 KW Trendline - A new Volkswagen Golf costs approximately $36,728.92.
- Toyota Corolla Sedan 1.6l 97kW Comfort - A new Toyota Corolla costs approximately $45,204.82.
Housing Costs
- 1-Bedroom Apartment Rent (City Centre) - Rent for a 1-bedroom apartment in the city centre is $565.06.
- 1-Bedroom Apartment Rent (Outside Centre) - Rent for a 1-bedroom apartment outside the city centre is $565.06.
- 3-Bedroom Apartment Rent (City Centre) - Rent for a 3-bedroom apartment in the city centre is $988.86.
- 3-Bedroom Apartment Rent (Outside Centre) - Rent for a 3-bedroom apartment outside the city centre is $988.86.
- Buying Price per Square Meter (City Centre) - The price per square meter to buy an apartment in the city centre is $1,977.71.
- Buying Price per Square Meter (Outside Centre) - The price per square meter to buy an apartment outside the city centre is $1,977.71.
Utilities
- Basic Utilities (Electricity, Heating, Water, etc.) - Basic utilities for an 85m2 apartment cost $141.27.
Cost of Living Data
Markets
Markets
Transportation
Transportation
Rent Per Month
Rent Per Month
Utilities (Monthly)
Utilities (Monthly)
Sports And Leisure
Sports And Leisure
Clothing And Shoes
Clothing And Shoes
Buy Apartment Price
Buy Apartment Price
Salaries And Financing
Salaries And Financing
Childcare
Childcare
"Key Takeaways"
Vestmanna offers relatively affordable housing options compared to many urban centers, with rental prices for both 1-bedroom and 3-bedroom apartments being quite reasonable.
Grocery prices are moderate, with essentials like milk, bread, and eggs being affordable, though some items like local cheese and beef are on the higher side.
Transportation costs are manageable, with gasoline prices being competitive, though the cost of purchasing a new car is significant.
Utilities are reasonably priced, contributing to an overall manageable cost of living in Vestmanna.
Conclusion
In conclusion, Vestmanna presents a balanced cost of living with affordable housing and moderate grocery prices, making it an attractive option for those seeking a peaceful lifestyle in the Faroe Islands.
While some costs, such as new car purchases, are high, the overall expenses are manageable, offering a good quality of life for residents.