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
  • MilkMilk 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 CheeseLocal cheese costs $16.95 per kg.
  • Water (1.5 liter bottle)A 1.5-liter bottle of water is priced at $4.24.
  • Chicken FilletsChicken fillets cost $13.99 per kg.
  • Beef RoundBeef 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
  • GasolineGasoline 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 TrendlineA new Volkswagen Golf costs approximately $36,728.92.
  • Toyota Corolla Sedan 1.6l 97kW ComfortA 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

The following pricing data has been gathered from 1 user contributions, as of the most recent update in May, 2023.
Markets
Avg / Range
Milk (regular), (1 liter)
$1.98
Loaf of Fresh White Bread (500g)
$3.53
Eggs (regular) (12)
$4.07
Local Cheese (1kg)
$16.95
Water (1.5 liter bottle)
$4.24
Bottle of Wine (Mid-Range)
$19.78
Imported Beer (0.33 liter bottle)
$3.53
Cigarettes 20 Pack (Marlboro)
$9.18
Chicken Fillets (1kg)
$13.99
Apples (1kg)
$2.83
Oranges (1kg)
$2.83
Potato (1kg)
$2.12
Tomato (1kg)
$2.83
Banana (1kg)
$2.12
Onion (1kg)
$2.83
Beef Round (1kg) (or Equivalent Back Leg Red Meat)
$25.43
Transportation
Avg / Range
One-way Ticket (Local Transport)
$0.00
Monthly Pass (Regular Price)
$0.00
Gasoline (1 liter)
$1.27
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car)
$36,728.92
Taxi Start (Normal Tariff)
$9.89
Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car)
$45,204.82
Rent Per Month
Avg / Range
Apartment (1 bedroom) in City Centre
$565.06
Apartment (1 bedroom) Outside of Centre
$565.06
Apartment (3 bedrooms) in City Centre
$988.86
Apartment (3 bedrooms) Outside of Centre
$988.86
Utilities (Monthly)
Avg / Range
Basic (Electricity, Heating, Cooling, Water, Garbage) for 85m2 Apartment
$141.27
Sports And Leisure
Avg / Range
Fitness Club, Monthly Fee for 1 Adult
$56.51
Cinema, International Release, 1 Seat
$15.54
Clothing And Shoes
Avg / Range
1 Pair of Jeans (Levis 501 Or Similar)
$113.01
1 Pair of Nike Running Shoes (Mid-Range)
$113.01
1 Pair of Men Leather Business Shoes
$113.01
Buy Apartment Price
Avg / Range
Price per Square Meter to Buy Apartment in City Centre
$1,977.71
Price per Square Meter to Buy Apartment Outside of Centre
$1,977.71
Salaries And Financing
Avg / Range
Average Monthly Net Salary (After Tax)
$4,237.95
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate
2.99%
Childcare
Avg / Range
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child
$254.28
OverviewJob Market