Key Facts: Faroe Islands vs Finland Wages
- Faroe Islands Minimum Wage
- No statutory minimum wage
- Finland Minimum Wage
- No statutory minimum wage
- Faroe Islands Avg. Gross Monthly Salary
- kr34,278 /mo ($5,341.42 USD)
- Finland Avg. Gross Monthly Salary
- €3,900 /mo ($4,541.75 USD)
- Data Sources
- Statistics Faroe Islands (hagstova.fo) (2026-05-04), Ministry of Economic Affairs and Employment (Työ- ja elinkeinoministeriö) (2026-02-24)
Faroe Islands 
Finland
Updated 2026-05-04
Neither Faroe Islands nor Finland 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 $4,542/mo in Finland.
Detailed Comparison
| Metric | Faroe Islands | Finland |
|---|---|---|
| Avg. gross salary /mo | kr34,278 /mo $5,341.42 | €3,900 /mo $4,541.75 |
| Avg. net salary /mo | N/A/mo | €2,700 /mo $3,144.29 |
| Median individual income /yr | N/A/yr | €35,000 /yr $40,759.29 |
Percentage differences are based on USD equivalent values. Positive means Faroe Islands is higher.
Work Week
- Faroe Islands
-
40 hrs/wk standard
Max 48 hrs/wk
Overtime : 1.5x pay
Standard workweek is 40 hours. Working conditions governed by collective agreements.
- Finland
-
40 hrs/wk standard
Max 48 hrs/wk
Overtime : 1.5x pay
Standard workweek is 40 hours (Working Hours Act / Työaikalaki). Regular daily working hours are 8 hours. Overtime for the first 2 hours is compensated at 150% and subsequent hours at 200%. Maximum overtime is 250 hours per calendar year. EU Working Time Directive limits average to 48 hrs/week.
See this comparison from Finland's perspective: Finland vs Faroe Islands
Compare Faroe Islands with...
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Faroe Islands vs France € 12.02 /hr 
Faroe Islands vs South Korea ₩ 10,320 /hr 
Faroe Islands vs Canada C$ 18.1 /hr 
Faroe Islands vs Australia A$ 24.95 /hr 
Faroe Islands vs Brazil R$ 7.37 /hr 
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Faroe Islands vs Saudi Arabia ﷼ 23.08 /hr 
Faroe Islands vs Turkey ₺ 164.94 /hr 
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Faroe Islands vs Israel ₪ 35.4 /hr Frequently Asked Questions
How much more does the average worker earn in Faroe Islands compared to Finland?
The average gross salary in Faroe Islands is kr34,278/mo ($5,341.42 USD), compared to €3,900/mo ($4,541.75 USD) in Finland. In USD terms, workers in Faroe Islands earn approximately 18% more. Average salaries reflect the full labor market, not just the minimum wage floor. The gap between Faroe Islands and Finland 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 Finland.
How do work hours compare between Faroe Islands and Finland?
Both Faroe Islands and Finland 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.