Key Facts: Faroe Islands Wages
- Country
- Faroe Islands (FRO)
- Continent
- Europe
- Currency
- Danish Krone (DKK)
- Minimum Wage
- No statutory minimum wage
- Average Gross Monthly Salary
- kr34,278 /month
- Average Gross Annual Salary
- kr411,336 /year
- Standard Work Week
- 40 hours
- Data Source
- Statistics Faroe Islands (hagstova.fo)
- Last Updated
- 2026-05-04
Faroe Islands — Average Salary & Wages
Danish Krone (DKK) Data verified Jan 2026 Sources
The average salary in Faroe Islands is
kr411,336 a year
Faroe Islands does not have a statutory minimum wage. The average gross monthly salary is kr34,278 ($5,341.42 USD).
Faroe Islands' average salary is among the highest for Europe, ranking #11 out of 50 countries with salary data. The standard work week is 40 hours.
Minimum Wage Trend
Compare Faroe Islands with other countriesWork Week
- Standard
- 40 hrs/wk
- Maximum
- 48 hrs/wk
- Overtime
- 1.5x pay
Standard workweek is 40 hours. Working conditions governed by collective agreements.
How Faroe Islands Compares
| Metric | Faroe Islands | Europe Avg. | Europe Highest |
|---|---|---|---|
| Avg. salary (USD equiv.) | $5,341.42/mo | $3,298.95/mo | $9,951.52/mo (Switzerland) |
Frequently Asked Questions
What is the minimum wage in Faroe Islands?
Faroe Islands does not have a statutory minimum wage. The Faroe Islands do not have a statutory national minimum wage. Minimum wages are determined through sector-specific collective bargaining agreements between trade unions and employer associations. An indicative baseline rate of DKK 83.72/hr is commonly cited, but actual rates vary significantly by sector — the Faroese Workers Union agreement set DKK 144.99/hour as of May 2023.
What is the average salary in Faroe Islands?
The average gross monthly salary in Faroe Islands is kr34,278 (approximately $5,341.42 USD). September 2024 figure. Men average DKK 39,800/month; women average DKK 28,272/month. Source: Statistics Faroe Islands (2024).
How many hours is the standard work week in Faroe Islands?
The standard work week in Faroe Islands is 40 hours, with a legal maximum of 48 hours. Overtime is paid at 1.5x the normal rate. Standard workweek is 40 hours. Working conditions governed by collective agreements.
What is the average salary in Faroe Islands in USD?
The average gross monthly salary in Faroe Islands is approximately $5,341.42 per month in US dollars, based on current exchange rates. Actual purchasing power may differ due to local cost of living.
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