The location factor for Faroe Islands is 1.63, based on national living costs.
This means a 713,435 kr. per year salary would roughly be compareable to €60,000 in Germany.
You can also start a calculation based on Faroe Islands.
|Consumer Price Index||1.56|
|Consumer Price Plus Rent Index||1.36|
|Restaurant Price Index*||1.33|
|Local Purchasing Power Index*||0.75|
|Buffer Location Bracket*||B or A|
|Currency||Danish Krone (DKK)|