Key Facts: Israel vs Faroe Islands Wages
- Israel Minimum Wage
- ₪35.40/hr ($12.57 USD)
- Faroe Islands Minimum Wage
- No statutory minimum wage
- Israel Avg. Gross Monthly Salary
- ₪12,000 /mo ($4,262.12 USD)
- Faroe Islands Avg. Gross Monthly Salary
- kr34,278 /mo ($5,341.42 USD)
- Data Sources
- Ministry of Economy and Industry / National Insurance Institute; 2026 figure verified via Wikipedia List of countries by minimum wage (eff 2026-04-01) (2026-05-04), Statistics Faroe Islands (hagstova.fo) (2026-05-04)
Israel 
Faroe Islands
Updated 2026-05-04
Unlike Faroe Islands, which has no statutory minimum wage, Israel mandates a wage floor of $13/hr. Average salaries are lower in Israel at $4,262/mo compared to $5,341/mo in Faroe Islands.
Detailed Comparison
| Metric | Israel | Faroe Islands |
|---|---|---|
| Minimum wage /hr | ₪35.40 $12.57 | None |
| Minimum wage /mo | ₪6,443.85 $2,288.71 | None |
| Minimum wage /yr | ₪77,326.20 $27,464.46 | None |
| Avg. gross salary /mo | ₪12,000 /mo $4,262.12 | kr34,278 /mo $5,341.42 |
| Avg. net salary /mo | ₪9,000 /mo $3,196.59 | N/A/mo |
| Median individual income /yr | ₪108,000 /yr $38,359.08 | N/A/yr |
Percentage differences are based on USD equivalent values. Positive means Israel is higher.
Work Week
- Israel
-
42 hrs/wk standard
Max 42 hrs/wk
Overtime : 1.25x pay
Standard workweek reduced from 43 to 42 hours in April 2018. Typically 5-day work week (8.4 hrs/day) or 6-day week. First 2 overtime hours: 125% of regular rate; subsequent hours: 150%. Weekly rest day is typically Friday evening to Saturday evening (Shabbat). Maximum 12 hours in any workday.
- 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: Israel mandates 42 hours while Faroe Islands mandates 40 hours.
See this comparison from Faroe Islands's perspective: Faroe Islands vs Israel
Compare Israel with...
Israel vs United States $ 7.25 /hr 
Israel vs China ¥ 25 /hr 
Israel vs Germany € 13.9 /hr 
Israel vs United Kingdom £ 12.71 /hr 
Israel vs India ₹ 4,576 /mo 
Israel vs Japan ¥ 1,121 /hr 
Israel vs France € 12.02 /hr 
Israel vs South Korea ₩ 10,320 /hr 
Israel vs Canada C$ 18.1 /hr 
Israel vs Australia A$ 24.95 /hr 
Israel vs Brazil R$ 7.37 /hr 
Israel vs Russia ₽ 156.31 /hr 
Israel vs Mexico MX$ 9,583.52 /mo 
Israel vs Indonesia Rp 33,058 /hr 
Israel vs Netherlands € 14.71 /hr 
Israel vs Saudi Arabia ﷼ 23.08 /hr 
Israel vs Turkey ₺ 164.94 /hr 
Israel vs Taiwan NT$ 190 /hr 
Israel vs Switzerland 
Israel vs Poland zł 31.4 /hr 
Israel vs Thailand ฿ 10,400 /mo 
Israel vs Sweden 
Israel vs Argentina ARS 1,762 /hr 
Israel vs Singapore Frequently Asked Questions
Is the minimum wage higher in Israel or Faroe Islands?
In Israel, the minimum wage is ₪35.40/hr ($12.57 USD). In Faroe Islands, it is no statutory minimum wage.
How much less does the average worker earn in Israel compared to Faroe Islands?
The average gross salary in Israel is ₪12,000/mo ($4,262.12 USD), compared to kr34,278/mo ($5,341.42 USD) in Faroe Islands. In USD terms, workers in Israel earn approximately 25% less. Average salaries reflect the full labor market, not just the minimum wage floor. The gap between Israel 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 Israel.
How do work hours compare between Israel and Faroe Islands?
Israel has a longer standard work week at 42 hours, compared to 40 hours in Faroe Islands. Workers in Israel work 42 hours per week by law. Longer mandatory hours can offset a nominally higher wage; a worker in Faroe Islands 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.