Key Facts: Faroe Islands vs Austria Wages
- Faroe Islands Minimum Wage
- No statutory minimum wage
- Austria Minimum Wage
- No statutory minimum wage
- Faroe Islands Avg. Gross Monthly Salary
- kr34,278 /mo ($5,341.42 USD)
- Austria Avg. Gross Monthly Salary
- €3,800 /mo ($4,425.29 USD)
- Data Sources
- Statistics Faroe Islands (hagstova.fo) (2026-05-04), Federal Ministry of Labour and Economy (Bundesministerium für Arbeit und Wirtschaft) (2026-02-24)
Faroe Islands 
Austria
Updated 2026-05-04
Neither Faroe Islands nor Austria has a statutory minimum wage, relying instead on collective bargaining or sectoral agreements. Average salaries are higher in Faroe Islands at $5,341/mo compared to $4,425/mo in Austria.
Detailed Comparison
| Metric | Faroe Islands | Austria |
|---|---|---|
| Avg. gross salary /mo | kr34,278 /mo $5,341.42 | €3,800 /mo $4,425.29 |
| Avg. net salary /mo | N/A/mo | €2,500 /mo $2,911.38 |
| Median individual income /yr | N/A/yr | €33,500 /yr $39,012.46 |
Percentage differences are based on USD equivalent values. Positive means Faroe Islands is higher.
Work Week
- Faroe Islands
-
40 hrs/wk standard
Max 48 hrs/wk
Overtime : 1.5x pay
Standard workweek is 40 hours. Working conditions governed by collective agreements.
- Austria
-
40 hrs/wk standard
Max 48 hrs/wk
Overtime : 1.5x pay
Standard workweek is 40 hours (Arbeitszeitgesetz). Daily maximum is 8 hours (normal) or 10 hours (with overtime). Since 2018, daily working time can be extended to 12 hours and weekly to 60 hours in exceptional cases with compensatory rest. Overtime is compensated at 150% or with time off in lieu (1:1.5). EU Working Time Directive limits average to 48 hrs/week.
See this comparison from Austria's perspective: Austria vs Faroe Islands
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Faroe Islands vs New Zealand NZ$ 23.5 /hr Frequently Asked Questions
How much more does the average worker earn in Faroe Islands compared to Austria?
The average gross salary in Faroe Islands is kr34,278/mo ($5,341.42 USD), compared to €3,800/mo ($4,425.29 USD) in Austria. In USD terms, workers in Faroe Islands earn approximately 21% more. Average salaries reflect the full labor market, not just the minimum wage floor. The gap between Faroe Islands and Austria is shaped by differences in industry composition, labor productivity, and the overall cost of living in each country. Workers in Faroe Islands earn more in nominal terms, though how far that income stretches depends on local prices in Austria.
How do work hours compare between Faroe Islands and Austria?
Both Faroe Islands and Austria mandate a similar standard work week of 40 hours. When work hours are equal, the country with the higher minimum wage delivers proportionally higher weekly earnings. Standard work week rules set the baseline; actual hours worked often differ based on industry norms and individual employment contracts.