Key Facts: Faroe Islands vs Italy Wages
- Faroe Islands Minimum Wage
- No statutory minimum wage
- Italy Minimum Wage
- No statutory minimum wage
- Faroe Islands Avg. Gross Monthly Salary
- kr34,278 /mo ($5,341.42 USD)
- Italy Avg. Gross Monthly Salary
- €2,600 /mo ($3,027.83 USD)
- Data Sources
- Statistics Faroe Islands (hagstova.fo) (2026-05-04), Ministry of Labour and Social Policies (Ministero del Lavoro e delle Politiche Sociali) (2026-02-24)
Faroe Islands 
Italy
Updated 2026-05-04
Neither Faroe Islands nor Italy 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 $3,028/mo in Italy.
Detailed Comparison
| Metric | Faroe Islands | Italy |
|---|---|---|
| Avg. gross salary /mo | kr34,278 /mo $5,341.42 | €2,600 /mo $3,027.83 |
| Avg. net salary /mo | N/A/mo | €1,850 /mo $2,154.42 |
| Median individual income /yr | N/A/yr | €22,500 /yr $26,202.40 |
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.
- Italy
-
40 hrs/wk standard
Max 48 hrs/wk
Standard workweek is 40 hours (Legislative Decree 66/2003). Maximum average weekly hours including overtime is 48 hours over a 4-month reference period, per EU Working Time Directive. Overtime compensation is regulated by collective agreements, typically 15-30% surcharge depending on hours and sector.
See this comparison from Italy's perspective: Italy vs Faroe Islands
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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 Italy?
The average gross salary in Faroe Islands is kr34,278/mo ($5,341.42 USD), compared to €2,600/mo ($3,027.83 USD) in Italy. In USD terms, workers in Faroe Islands earn approximately 76% more. Average salaries reflect the full labor market, not just the minimum wage floor. The gap between Faroe Islands and Italy 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 Italy.
How do work hours compare between Faroe Islands and Italy?
Both Faroe Islands and Italy 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.