Key Facts: Australia vs Faroe Islands Wages
- Australia Minimum Wage
- A$24.95/hr ($17.90 USD)
- Faroe Islands Minimum Wage
- No statutory minimum wage
- Australia Avg. Gross Monthly Salary
- A$7,833 /mo ($5,619.08 USD)
- Faroe Islands Avg. Gross Monthly Salary
- kr34,278 /mo ($5,341.42 USD)
- Data Sources
- Fair Work Commission / Fair Work Ombudsman (2026-05-27), Statistics Faroe Islands (hagstova.fo) (2026-05-04)
Australia 
Faroe Islands
Updated 2026-05-27
Unlike Faroe Islands, which has no statutory minimum wage, Australia mandates a wage floor of $18/hr. Average salaries are higher in Australia at $5,619/mo compared to $5,341/mo in Faroe Islands.
Detailed Comparison
| Metric | Australia | Faroe Islands |
|---|---|---|
| Minimum wage /hr | A$24.95 $17.90 | None |
| Minimum wage /mo | A$4,108 $2,946.92 | None |
| Minimum wage /yr | A$49,296 $35,362.98 | None |
| Avg. gross salary /mo | A$7,833 /mo $5,619.08 | kr34,278 /mo $5,341.42 |
| Avg. net salary /mo | A$5,875 /mo $4,214.49 | N/A/mo |
| Median individual income /yr | A$67,600 /yr $48,493.54 | N/A/yr |
Percentage differences are based on USD equivalent values. Positive means Australia is higher.
Work Week
- Australia
-
38 hrs/wk standard
Max 38 hrs/wk
Overtime : 1.5x pay
Standard full-time workweek is 38 hours. Employers can request reasonable additional hours. Overtime and penalty rates vary by Modern Award.
- Faroe Islands
-
40 hrs/wk standard
Max 48 hrs/wk
Overtime : 1.5x pay
Standard workweek is 40 hours. Working conditions governed by collective agreements.
What This Means for Workers
Standard work weeks differ: Australia mandates 38 hours while Faroe Islands mandates 40 hours.
See this comparison from Faroe Islands's perspective: Faroe Islands vs Australia
Compare Australia with...
Australia vs United States $ 7.25 /hr 
Australia vs China ¥ 25 /hr 
Australia vs Germany € 13.9 /hr 
Australia vs United Kingdom £ 12.71 /hr 
Australia vs India ₹ 4,576 /mo 
Australia vs Japan ¥ 1,121 /hr 
Australia vs France € 12.02 /hr 
Australia vs South Korea ₩ 10,320 /hr 
Australia vs Canada C$ 18.1 /hr 
Australia vs Brazil R$ 7.37 /hr 
Australia vs Russia ₽ 156.31 /hr 
Australia vs Mexico MX$ 9,583.52 /mo 
Australia vs Indonesia Rp 33,058 /hr 
Australia vs Netherlands € 14.71 /hr 
Australia vs Saudi Arabia ﷼ 23.08 /hr 
Australia vs Turkey ₺ 164.94 /hr 
Australia vs Taiwan NT$ 190 /hr 
Australia vs Switzerland 
Australia vs Poland zł 31.4 /hr 
Australia vs Thailand ฿ 10,400 /mo 
Australia vs Sweden 
Australia vs Argentina ARS 1,762 /hr 
Australia vs Singapore 
Australia vs Norway Frequently Asked Questions
Is the minimum wage higher in Australia or Faroe Islands?
In Australia, the minimum wage is A$24.95/hr ($17.90 USD). In Faroe Islands, it is no statutory minimum wage.
How much more does the average worker earn in Australia compared to Faroe Islands?
The average gross salary in Australia is A$7,833/mo ($5,619.08 USD), compared to kr34,278/mo ($5,341.42 USD) in Faroe Islands. In USD terms, workers in Australia earn approximately 5% more. Average salaries reflect the full labor market, not just the minimum wage floor. The gap between Australia and Faroe Islands is shaped by differences in industry composition, labor productivity, and the overall cost of living in each country. Workers in Australia earn more in nominal terms, though how far that income stretches depends on local prices in Faroe Islands.
How do work hours compare between Australia and Faroe Islands?
Faroe Islands has a longer standard work week at 40 hours, compared to 38 hours in Australia. Workers in Australia work 38 hours per week by law. Longer mandatory hours can offset a nominally higher wage; a worker in Australia working fewer hours may have comparable or better effective hourly earnings depending on the wage levels of each country. Total annual compensation depends on both the wage rate and the number of hours required.