Key Facts: Faroe Islands vs Mexico Wages
- Faroe Islands Minimum Wage
- No statutory minimum wage
- Mexico Minimum Wage
- MX$9,583.52/mo ($553.10 USD)
- Faroe Islands Avg. Gross Monthly Salary
- kr34,278 /mo ($5,341.42 USD)
- Mexico Avg. Gross Monthly Salary
- MX$16,500 /mo ($952.27 USD)
- Data Sources
- Statistics Faroe Islands (hagstova.fo) (2026-05-04), CONASAMI (Comision Nacional de los Salarios Minimos) (2026-03-02)
Faroe Islands 
Mexico
Updated 2026-05-04
Faroe Islands has no statutory minimum wage, while Mexico sets a floor of $553/mo. Average gross salaries diverge further: $5,341/mo in Faroe Islands versus $952/mo in Mexico, a 5.6:1 ratio.
Detailed Comparison
| Metric | Faroe Islands | Mexico |
|---|---|---|
| Minimum wage /day | None | MX$315.04 $18.18 |
| Minimum wage /mo | None | MX$9,583.52 $553.10 |
| Minimum wage /yr | None | MX$114,989.60 $6,636.44 |
| Avg. gross salary /mo | kr34,278 /mo $5,341.42 | MX$16,500 /mo $952.27 |
| Avg. net salary /mo | N/A/mo | MX$14,200 /mo $819.53 |
| Median individual income /yr | N/A/yr | MX$96,000 /yr $5,540.49 |
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.
- Mexico
-
48 hrs/wk standard
Max 48 hrs/wk
Overtime : 2x pay
Standard workweek is 48 hours (daytime). Night shift maximum is 42 hours, mixed shift 45 hours. First 9 hours of overtime per week at 200% rate; beyond that at 300%. A 2023 reform discussion to reduce to 40 hours is pending.
What This Means for Workers
Standard work weeks differ: Faroe Islands mandates 40 hours while Mexico mandates 48 hours.
See this comparison from Mexico's perspective: Mexico vs Faroe Islands
Compare Faroe Islands with...
Faroe Islands vs United States $ 7.25 /hr 
Faroe Islands vs China ¥ 25 /hr 
Faroe Islands vs Germany € 13.9 /hr 
Faroe Islands vs United Kingdom £ 12.71 /hr 
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 Netherlands € 14.71 /hr 
Faroe Islands vs Saudi Arabia ﷼ 23.08 /hr 
Faroe Islands vs Turkey ₺ 164.94 /hr 
Faroe Islands vs Switzerland 
Faroe Islands vs Poland zł 31.4 /hr 
Faroe Islands vs Sweden 
Faroe Islands vs Singapore 
Faroe Islands vs Norway 
Faroe Islands vs Austria 
Faroe Islands vs Denmark 
Faroe Islands vs Israel ₪ 35.4 /hr 
Faroe Islands vs New Zealand NZ$ 23.5 /hr Frequently Asked Questions
Is the minimum wage higher in Faroe Islands or Mexico?
In Faroe Islands, the minimum wage is no statutory minimum wage. In Mexico, it is MX$9,583.52/mo ($553.10 USD).
How much more does the average worker earn in Faroe Islands compared to Mexico?
The average gross salary in Faroe Islands is kr34,278/mo ($5,341.42 USD), compared to MX$16,500/mo ($952.27 USD) in Mexico. In USD terms, workers in Faroe Islands earn approximately 461% more. Average salaries reflect the full labor market, not just the minimum wage floor. The gap between Faroe Islands and Mexico 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 Mexico.
How do work hours compare between Faroe Islands and Mexico?
Mexico has a longer standard work week at 48 hours, compared to 40 hours in Faroe Islands. Workers in Faroe Islands work 40 hours per week by law. Longer mandatory hours can offset a nominally higher wage; a worker in Faroe Islands 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.