Key Facts: Faroe Islands vs Ireland Wages
- Faroe Islands Minimum Wage
- No statutory minimum wage
- Ireland Minimum Wage
- €14.15/hr ($16.48 USD)
- Faroe Islands Avg. Gross Monthly Salary
- kr34,278 /mo ($5,341.42 USD)
- Ireland Avg. Gross Monthly Salary
- €4,350 /mo ($5,065.80 USD)
- Data Sources
- Statistics Faroe Islands (hagstova.fo) (2026-05-04), Workplace Relations Commission (WRC) (2026-03-02)
Faroe Islands 
Ireland
Updated 2026-05-04
Faroe Islands has no statutory minimum wage, while Ireland sets a floor of $16/hr. Average salaries are higher in Faroe Islands at $5,341/mo compared to $5,066/mo in Ireland.
Detailed Comparison
| Metric | Faroe Islands | Ireland |
|---|---|---|
| Minimum wage /hr | None | €14.15 $16.48 |
| Minimum wage /mo | None | €2,452.62 $2,856.20 |
| Minimum wage /yr | None | €29,432 $34,275.07 |
| Avg. gross salary /mo | kr34,278 /mo $5,341.42 | €4,350 /mo $5,065.80 |
| Avg. net salary /mo | N/A/mo | €3,100 /mo $3,610.11 |
| Median individual income /yr | N/A/yr | €40,000 /yr $46,582.04 |
Percentage differences are based on USD equivalent values. Positive means Faroe Islands is higher.
Work Week
- Faroe Islands
-
40 hrs/wk standard
Max 48 hrs/wk
Overtime : 1.5x pay
Standard workweek is 40 hours. Working conditions governed by collective agreements.
- Ireland
-
39 hrs/wk standard
Max 48 hrs/wk
There is no single statutory standard workweek; 39 hours is the most common. The Organisation of Working Time Act 1997 limits average weekly hours to 48 over a 4-month reference period. There is no statutory overtime rate; overtime pay is determined by employment contract or collective agreement.
What This Means for Workers
Standard work weeks differ: Faroe Islands mandates 40 hours while Ireland mandates 39 hours.
See this comparison from Ireland's perspective: Ireland vs Faroe Islands
Compare Faroe Islands with...
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Faroe Islands vs France € 12.02 /hr 
Faroe Islands vs South Korea ₩ 10,320 /hr 
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Faroe Islands vs Australia A$ 24.95 /hr 
Faroe Islands vs Brazil R$ 7.37 /hr 
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Faroe Islands vs Israel ₪ 35.4 /hr Frequently Asked Questions
Is the minimum wage higher in Faroe Islands or Ireland?
In Faroe Islands, the minimum wage is no statutory minimum wage. In Ireland, it is €14.15/hr ($16.48 USD).
How much more does the average worker earn in Faroe Islands compared to Ireland?
The average gross salary in Faroe Islands is kr34,278/mo ($5,341.42 USD), compared to €4,350/mo ($5,065.80 USD) in Ireland. In USD terms, workers in Faroe Islands earn approximately 5% more. Average salaries reflect the full labor market, not just the minimum wage floor. The gap between Faroe Islands and Ireland 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 Ireland.
How do work hours compare between Faroe Islands and Ireland?
Faroe Islands has a longer standard work week at 40 hours, compared to 39 hours in Ireland. Workers in Faroe Islands work 40 hours per week by law. Longer mandatory hours can offset a nominally higher wage; a worker in Ireland 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.