Key Facts: Ireland vs Faroe Islands Wages
- Ireland Minimum Wage
- €14.15/hr ($16.48 USD)
- Faroe Islands Minimum Wage
- No statutory minimum wage
- Ireland Avg. Gross Monthly Salary
- €4,350 /mo ($5,065.80 USD)
- Faroe Islands Avg. Gross Monthly Salary
- kr34,278 /mo ($5,341.42 USD)
- Data Sources
- Workplace Relations Commission (WRC) (2026-03-02), Statistics Faroe Islands (hagstova.fo) (2026-05-04)
Ireland 
Faroe Islands
Updated 2026-05-04
Unlike Faroe Islands, which has no statutory minimum wage, Ireland mandates a wage floor of $16/hr. Average salaries are lower in Ireland at $5,066/mo compared to $5,341/mo in Faroe Islands.
Detailed Comparison
| Metric | Ireland | Faroe Islands |
|---|---|---|
| Minimum wage /hr | €14.15 $16.48 | None |
| Minimum wage /mo | €2,452.62 $2,856.20 | None |
| Minimum wage /yr | €29,432 $34,275.07 | None |
| Avg. gross salary /mo | €4,350 /mo $5,065.80 | kr34,278 /mo $5,341.42 |
| Avg. net salary /mo | €3,100 /mo $3,610.11 | N/A/mo |
| Median individual income /yr | €40,000 /yr $46,582.04 | N/A/yr |
Percentage differences are based on USD equivalent values. Positive means Ireland is higher.
Work Week
- Ireland
-
39 hrs/wk standard
Max 48 hrs/wk
There is no single statutory standard workweek; 39 hours is the most common. The Organisation of Working Time Act 1997 limits average weekly hours to 48 over a 4-month reference period. There is no statutory overtime rate; overtime pay is determined by employment contract or collective agreement.
- 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.
What This Means for Workers
Standard work weeks differ: Ireland mandates 39 hours while Faroe Islands mandates 40 hours.
See this comparison from Faroe Islands's perspective: Faroe Islands vs Ireland
Compare Ireland with...
Ireland vs United States $ 7.25 /hr 
Ireland vs China ¥ 25 /hr 
Ireland vs Germany € 13.9 /hr 
Ireland vs United Kingdom £ 12.71 /hr 
Ireland vs India ₹ 4,576 /mo 
Ireland vs Japan ¥ 1,121 /hr 
Ireland vs France € 12.02 /hr 
Ireland vs South Korea ₩ 10,320 /hr 
Ireland vs Canada C$ 18.1 /hr 
Ireland vs Australia A$ 24.95 /hr 
Ireland vs Brazil R$ 7.37 /hr 
Ireland vs Russia ₽ 156.31 /hr 
Ireland vs Mexico MX$ 9,583.52 /mo 
Ireland vs Indonesia Rp 33,058 /hr 
Ireland vs Netherlands € 14.71 /hr 
Ireland vs Saudi Arabia ﷼ 23.08 /hr 
Ireland vs Turkey ₺ 164.94 /hr 
Ireland vs Taiwan NT$ 190 /hr 
Ireland vs Switzerland 
Ireland vs Poland zł 31.4 /hr 
Ireland vs Thailand ฿ 10,400 /mo 
Ireland vs Sweden 
Ireland vs Argentina ARS 1,762 /hr 
Ireland vs Singapore Frequently Asked Questions
Is the minimum wage higher in Ireland or Faroe Islands?
In Ireland, the minimum wage is €14.15/hr ($16.48 USD). In Faroe Islands, it is no statutory minimum wage.
How much less does the average worker earn in Ireland compared to Faroe Islands?
The average gross salary in Ireland is €4,350/mo ($5,065.80 USD), compared to kr34,278/mo ($5,341.42 USD) in Faroe Islands. In USD terms, workers in Ireland earn approximately 5% less. Average salaries reflect the full labor market, not just the minimum wage floor. The gap between Ireland 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 Ireland.
How do work hours compare between Ireland and Faroe Islands?
Faroe Islands has a longer standard work week at 40 hours, compared to 39 hours in Ireland. Workers in Ireland work 39 hours per week by law. Longer mandatory hours can offset a nominally higher wage; a worker in Ireland 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.