Key Facts: Faroe Islands vs Spain Wages
- Faroe Islands Minimum Wage
- No statutory minimum wage
- Spain Minimum Wage
- €7.96/hr ($9.27 USD)
- Faroe Islands Avg. Gross Monthly Salary
- kr34,278 /mo ($5,341.42 USD)
- Spain Avg. Gross Monthly Salary
- €2,450 /mo ($2,853.15 USD)
- Data Sources
- Statistics Faroe Islands (hagstova.fo) (2026-05-04), Ministerio de Trabajo y Economía Social (2026-03-02)
Faroe Islands 
Spain
Updated 2026-05-04
Faroe Islands has no statutory minimum wage, while Spain sets a floor of $9/hr. Average salaries are higher in Faroe Islands at $5,341/mo compared to $2,853/mo in Spain.
Detailed Comparison
| Metric | Faroe Islands | Spain |
|---|---|---|
| Minimum wage /hr | None | €7.96 $9.27 |
| Minimum wage /mo | None | €1,221 $1,421.92 |
| Minimum wage /yr | None | €17,094 $19,906.84 |
| Avg. gross salary /mo | kr34,278 /mo $5,341.42 | €2,450 /mo $2,853.15 |
| Avg. net salary /mo | N/A/mo | €1,900 /mo $2,212.65 |
| Median individual income /yr | N/A/yr | €22,000 /yr $25,620.12 |
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.
- Spain
-
40 hrs/wk standard
Max 48 hrs/wk
Standard workweek is 40 hours (Workers' Statute, Article 34). Maximum 80 hours of overtime per year. Overtime compensation is set by collective agreement or individual contract, with a minimum of regular hourly rate or equivalent time off. EU Working Time Directive caps average weekly hours at 48.
See this comparison from Spain's perspective: Spain vs Faroe Islands
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Faroe Islands vs Israel ₪ 35.4 /hr Frequently Asked Questions
Is the minimum wage higher in Faroe Islands or Spain?
In Faroe Islands, the minimum wage is no statutory minimum wage. In Spain, it is €7.96/hr ($9.27 USD).
How much more does the average worker earn in Faroe Islands compared to Spain?
The average gross salary in Faroe Islands is kr34,278/mo ($5,341.42 USD), compared to €2,450/mo ($2,853.15 USD) in Spain. In USD terms, workers in Faroe Islands earn approximately 87% more. Average salaries reflect the full labor market, not just the minimum wage floor. The gap between Faroe Islands and Spain 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 Spain.
How do work hours compare between Faroe Islands and Spain?
Both Faroe Islands and Spain 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.