Key Facts: Faroe Islands vs New Zealand Wages
- Faroe Islands Minimum Wage
- No statutory minimum wage
- New Zealand Minimum Wage
- NZ$23.50/hr ($13.99 USD)
- Faroe Islands Avg. Gross Monthly Salary
- kr34,278 /mo ($5,341.42 USD)
- New Zealand Avg. Gross Monthly Salary
- NZ$5,666.67 /mo ($3,374.22 USD)
- Data Sources
- Statistics Faroe Islands (hagstova.fo) (2026-05-04), Employment New Zealand / Ministry of Business, Innovation and Employment (2026-03-02)
Faroe Islands 
New Zealand
Updated 2026-05-04
Faroe Islands has no statutory minimum wage, while New Zealand sets a floor of $14/hr. Average salaries are higher in Faroe Islands at $5,341/mo compared to $3,374/mo in New Zealand.
Detailed Comparison
| Metric | Faroe Islands | New Zealand |
|---|---|---|
| Minimum wage /hr | None | NZ$23.50 $13.99 |
| Minimum wage /mo | None | NZ$4,073.83 $2,425.77 |
| Minimum wage /yr | None | NZ$48,880 $29,105.63 |
| Avg. gross salary /mo | kr34,278 /mo $5,341.42 | NZ$5,666.67 /mo $3,374.22 |
| Avg. net salary /mo | N/A/mo | NZ$4,533.33 /mo $2,699.37 |
| Median individual income /yr | N/A/yr | NZ$61,828 /yr $36,815.53 |
Percentage differences are based on USD equivalent values. Positive means Faroe Islands is higher.
Work Week
- Faroe Islands
-
40 hrs/wk standard
Max 48 hrs/wk
Overtime : 1.5x pay
Standard workweek is 40 hours. Working conditions governed by collective agreements.
- New Zealand
-
40 hrs/wk standard
Overtime : 1.5x pay
No statutory maximum working hours, but employers must ensure reasonable working hours. Most employment agreements specify 40 hours/week. Overtime rates not mandated by statute but commonly 1.5x by agreement. Time-and-a-half and a day in lieu required for work on public holidays.
See this comparison from New Zealand's perspective: New Zealand vs Faroe Islands
Compare Faroe Islands with...
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Faroe Islands vs India ₹ 4,576 /mo 
Faroe Islands vs Japan ¥ 1,121 /hr 
Faroe Islands vs France € 12.02 /hr 
Faroe Islands vs South Korea ₩ 10,320 /hr 
Faroe Islands vs Canada C$ 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 New Zealand?
In Faroe Islands, the minimum wage is no statutory minimum wage. In New Zealand, it is NZ$23.50/hr ($13.99 USD).
How much more does the average worker earn in Faroe Islands compared to New Zealand?
The average gross salary in Faroe Islands is kr34,278/mo ($5,341.42 USD), compared to NZ$5,666.67/mo ($3,374.22 USD) in New Zealand. In USD terms, workers in Faroe Islands earn approximately 58% more. Average salaries reflect the full labor market, not just the minimum wage floor. The gap between Faroe Islands and New Zealand 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 New Zealand.
How do work hours compare between Faroe Islands and New Zealand?
Both Faroe Islands and New Zealand 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.