Key Facts: Faroe Islands vs Luxembourg Wages
- Faroe Islands Minimum Wage
- No statutory minimum wage
- Luxembourg Minimum Wage
- €15.63/hr ($18.20 USD)
- Faroe Islands Avg. Gross Monthly Salary
- kr34,278 /mo ($5,341.42 USD)
- Luxembourg Avg. Gross Monthly Salary
- €5,600 /mo ($6,521.49 USD)
- Data Sources
- Statistics Faroe Islands (hagstova.fo) (2026-05-04), Inspection du Travail et des Mines (ITM); 2026 figures verified via Wikipedia EU member states by minimum wage table (eff 2026-01-01) (2026-05-04)
Faroe Islands 
Luxembourg
Updated 2026-05-04
Faroe Islands has no statutory minimum wage, while Luxembourg sets a floor of $18/hr. Average salaries are lower in Faroe Islands at $5,341/mo compared to $6,521/mo in Luxembourg.
Detailed Comparison
| Metric | Faroe Islands | Luxembourg |
|---|---|---|
| Minimum wage /hr | None | €15.63 $18.20 |
| Minimum wage /mo | None | €2,703.74 $3,148.64 |
| Minimum wage /yr | None | €32,444.88 $37,783.72 |
| Avg. gross salary /mo | kr34,278 /mo $5,341.42 | €5,600 /mo $6,521.49 |
| Avg. net salary /mo | N/A/mo | €4,000 /mo $4,658.20 |
| Median individual income /yr | N/A/yr | €48,000 /yr $55,898.45 |
Percentage differences are based on USD equivalent values. Positive means Faroe Islands is higher.
Work Week
- Faroe Islands
-
40 hrs/wk standard
Max 48 hrs/wk
Overtime : 1.5x pay
Standard workweek is 40 hours. Working conditions governed by collective agreements.
- Luxembourg
-
40 hrs/wk standard
Max 48 hrs/wk
Overtime : 1.4x pay
Standard workweek is 40 hours (Labour Code). Daily maximum is 8 hours (extendable to 10 hours). Overtime is compensated at 140% of normal rate or with equivalent compensatory time off (1.5 hours for each overtime hour). Maximum 2 hours overtime per day. EU Working Time Directive limits average to 48 hrs/week.
See this comparison from Luxembourg's perspective: Luxembourg vs Faroe Islands
Compare Faroe Islands with...
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Faroe Islands vs India ₹ 4,576 /mo 
Faroe Islands vs Japan ¥ 1,121 /hr 
Faroe Islands vs France € 12.02 /hr 
Faroe Islands vs South Korea ₩ 10,320 /hr 
Faroe Islands vs Canada C$ 18.1 /hr 
Faroe Islands vs Australia A$ 24.95 /hr 
Faroe Islands vs Brazil R$ 7.37 /hr 
Faroe Islands vs Russia ₽ 156.31 /hr 
Faroe Islands vs Mexico MX$ 9,583.52 /mo 
Faroe Islands vs Netherlands € 14.71 /hr 
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
Is the minimum wage higher in Faroe Islands or Luxembourg?
In Faroe Islands, the minimum wage is no statutory minimum wage. In Luxembourg, it is €15.63/hr ($18.20 USD).
How much less does the average worker earn in Faroe Islands compared to Luxembourg?
The average gross salary in Faroe Islands is kr34,278/mo ($5,341.42 USD), compared to €5,600/mo ($6,521.49 USD) in Luxembourg. In USD terms, workers in Faroe Islands earn approximately 22% less. Average salaries reflect the full labor market, not just the minimum wage floor. The gap between Faroe Islands and Luxembourg is shaped by differences in industry composition, labor productivity, and the overall cost of living in each country. Workers in Luxembourg 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 Luxembourg?
Both Faroe Islands and Luxembourg 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.