Hong Kong Faroe Islands

Updated 2026-05-04

Hong Kong

Minimum Wage

HK$42.10 /hr

$5.37 USD

Avg. Gross Salary

HK$20,500 /mo

Faroe Islands

No statutory minimum wage

Avg. Gross Salary

kr34,278 /mo

Avg. salary: -51% Hong Kong vs Faroe Islands

Unlike Faroe Islands, which has no statutory minimum wage, Hong Kong mandates a wage floor of $5/hr. Average gross salaries diverge further: $2,616/mo in Hong Kong versus $5,341/mo in Faroe Islands, a 2.0:1 ratio.

Detailed Comparison

Detailed wage comparison between Hong Kong and Faroe Islands
Metric	Hong Kong	Faroe Islands	Diff
Minimum wage /hr	HK$42.10 $5.37	None	—
Minimum wage /mo	HK$7,297 $931.08	None	—
Minimum wage /yr	HK$87,568 $11,173.52	None	—
Avg. gross salary /mo	HK$20,500 /mo $2,615.76	kr34,278 /mo $5,341.42	-51.0%
Avg. net salary /mo	HK$19,475 /mo $2,484.98	N/A/mo	—
Median individual income /yr	HK$246,000 /yr $31,389.16	N/A/yr	—

Percentage differences are based on USD equivalent values. Positive means Hong Kong is higher.

Work Week

Hong Kong: hrs/wk standard

Hong Kong has NO statutory standard working hours or maximum working hours for most employees (a rare situation globally). The government has considered legislation but has not enacted a standard hours law. Working hours are determined by individual employment contracts. Average actual working hours are ~40-44 hrs/week. Overtime pay is not legally mandated except for certain specific occupations.
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.

See this comparison from Faroe Islands's perspective: Faroe Islands vs Hong Kong

Compare Hong Kong with...

Hong Kong vs United States $ 7.25 /hr

Hong Kong vs China ¥ 25 /hr

Hong Kong vs Germany € 13.9 /hr

Hong Kong vs United Kingdom £ 12.71 /hr

Hong Kong vs India ₹ 4,576 /mo

Hong Kong vs Japan ¥ 1,121 /hr

Hong Kong vs France € 12.02 /hr

Hong Kong vs South Korea ₩ 10,320 /hr

Hong Kong vs Canada C$ 18.1 /hr

Hong Kong vs Australia A$ 24.95 /hr

Hong Kong vs Brazil R$ 7.37 /hr

Hong Kong vs Russia ₽ 156.31 /hr

Hong Kong vs Mexico MX$ 9,583.52 /mo

Hong Kong vs Indonesia Rp 33,058 /hr

Hong Kong vs Netherlands € 14.71 /hr

Hong Kong vs Saudi Arabia ﷼ 23.08 /hr

Hong Kong vs Turkey ₺ 164.94 /hr

Hong Kong vs Taiwan NT$ 190 /hr

Hong Kong vs Switzerland

Hong Kong vs Poland zł 31.4 /hr

Hong Kong vs Thailand ฿ 10,400 /mo

Hong Kong vs Sweden

Hong Kong vs Argentina ARS 1,762 /hr

Hong Kong vs Singapore

Frequently Asked Questions

Is the minimum wage higher in Hong Kong or Faroe Islands?

In Hong Kong, the minimum wage is HK$42.10/hr ($5.37 USD). In Faroe Islands, it is no statutory minimum wage.

How much less does the average worker earn in Hong Kong compared to Faroe Islands?

The average gross salary in Hong Kong is HK$20,500/mo ($2,615.76 USD), compared to kr34,278/mo ($5,341.42 USD) in Faroe Islands. In USD terms, workers in Hong Kong earn approximately 104% less. Average salaries reflect the full labor market, not just the minimum wage floor. The gap between Hong Kong and Faroe Islands 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 Hong Kong.