Key Facts: Faroe Islands vs Australia Wages
- Faroe Islands Minimum Wage
- No statutory minimum wage
- Australia Minimum Wage
- A$24.95/hr ($17.90 USD)
- Faroe Islands Avg. Gross Monthly Salary
- kr34,278 /mo ($5,341.42 USD)
- Australia Avg. Gross Monthly Salary
- A$7,833 /mo ($5,619.08 USD)
- Data Sources
- Statistics Faroe Islands (hagstova.fo) (2026-05-04), Fair Work Commission / Fair Work Ombudsman (2026-05-27)
Faroe Islands 
Australia
Updated 2026-05-27
Faroe Islands has no statutory minimum wage, while Australia sets a floor of $18/hr. Average salaries are lower in Faroe Islands at $5,341/mo compared to $5,619/mo in Australia.
Detailed Comparison
| Metric | Faroe Islands | Australia |
|---|---|---|
| Minimum wage /hr | None | A$24.95 $17.90 |
| Minimum wage /mo | None | A$4,108 $2,946.92 |
| Minimum wage /yr | None | A$49,296 $35,362.98 |
| Avg. gross salary /mo | kr34,278 /mo $5,341.42 | A$7,833 /mo $5,619.08 |
| Avg. net salary /mo | N/A/mo | A$5,875 /mo $4,214.49 |
| Median individual income /yr | N/A/yr | A$67,600 /yr $48,493.54 |
Percentage differences are based on USD equivalent values. Positive means Faroe Islands is higher.
Work Week
- Faroe Islands
-
40 hrs/wk standard
Max 48 hrs/wk
Overtime : 1.5x pay
Standard workweek is 40 hours. Working conditions governed by collective agreements.
- Australia
-
38 hrs/wk standard
Max 38 hrs/wk
Overtime : 1.5x pay
Standard full-time workweek is 38 hours. Employers can request reasonable additional hours. Overtime and penalty rates vary by Modern Award.
What This Means for Workers
Standard work weeks differ: Faroe Islands mandates 40 hours while Australia mandates 38 hours.
See this comparison from Australia's perspective: Australia vs Faroe Islands
Compare Faroe Islands with...
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Faroe Islands vs Switzerland 
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Faroe Islands vs New Zealand NZ$ 23.5 /hr Frequently Asked Questions
Is the minimum wage higher in Faroe Islands or Australia?
In Faroe Islands, the minimum wage is no statutory minimum wage. In Australia, it is A$24.95/hr ($17.90 USD).
How much less does the average worker earn in Faroe Islands compared to Australia?
The average gross salary in Faroe Islands is kr34,278/mo ($5,341.42 USD), compared to A$7,833/mo ($5,619.08 USD) in Australia. In USD terms, workers in Faroe Islands earn approximately 5% less. Average salaries reflect the full labor market, not just the minimum wage floor. The gap between Faroe Islands and Australia 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 Faroe Islands and Australia?
Faroe Islands has a longer standard work week at 40 hours, compared to 38 hours in Australia. Workers in Faroe Islands work 40 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.