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Key Facts: Faroe Islands vs Netherlands Wages

Faroe Islands Minimum Wage
No statutory minimum wage
Netherlands Minimum Wage
€14.71/hr ($17.13 USD)
Faroe Islands Avg. Gross Monthly Salary
kr34,278 /mo ($5,341.42 USD)
Netherlands Avg. Gross Monthly Salary
€3,900 /mo ($4,541.75 USD)
Data Sources
Statistics Faroe Islands (hagstova.fo) (2026-05-04), Rijksoverheid (Government of the Netherlands); 2026 monthly basis verified via Wikipedia EU member states by minimum wage table (40-hour workweek convention) (2026-05-27)

Faroe Islands flag Faroe Islands Netherlands flag Netherlands

Updated 2026-05-27

Faroe Islands flag Faroe Islands

No statutory minimum wage

Avg. Gross Salary

kr34,278 /mo

Netherlands flag Netherlands

Minimum Wage

€14.71 /hr

$17.13 USD

Avg. Gross Salary

€3,900 /mo

Avg. salary: +18% Faroe Islands vs Netherlands

Faroe Islands has no statutory minimum wage, while the Netherlands sets a floor of $17/hr. Average salaries are higher in Faroe Islands at $5,341/mo compared to $4,542/mo in the Netherlands.

Detailed Comparison

Detailed wage comparison between Faroe Islands and Netherlands
Metric Faroe Islands Netherlands
Minimum wage /hr None €14.71 $17.13
Minimum wage /mo None €2,549.73 $2,969.29
Minimum wage /yr None €30,596.76 $35,631.49
Avg. gross salary /mo kr34,278 /mo $5,341.42 €3,900 /mo $4,541.75
Avg. net salary /mo N/A/mo €2,750 /mo $3,202.52
Median individual income /yr N/A/yr €36,500 /yr $42,506.11

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.

Netherlands

36 hrs/wk standard

Max 48 hrs/wk

Standard workweek varies by sector: commonly 36, 38, or 40 hours. The Working Hours Act (Arbeidstijdenwet) limits working time to 12 hours per shift and 60 hours per week, averaged to a maximum of 48 hours over 16 weeks. Overtime compensation is determined by collective agreements or individual contracts.

What This Means for Workers

Standard work weeks differ: Faroe Islands mandates 40 hours while the Netherlands mandates 36 hours.

See this comparison from Netherlands's perspective: Netherlands vs Faroe Islands

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Frequently Asked Questions

Is the minimum wage higher in Faroe Islands or Netherlands?

In Faroe Islands, the minimum wage is no statutory minimum wage. In the Netherlands, it is €14.71/hr ($17.13 USD).

How much more does the average worker earn in Faroe Islands compared to Netherlands?

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 the Netherlands. 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 Netherlands 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 the Netherlands.

How do work hours compare between Faroe Islands and Netherlands?

Faroe Islands has a longer standard work week at 40 hours, compared to 36 hours in the Netherlands. Workers in Faroe Islands work 40 hours per week by law. Longer mandatory hours can offset a nominally higher wage; a worker in the Netherlands 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.