Key Facts: Mexico vs Faroe Islands Wages
- Mexico Minimum Wage
- MX$9,583.52/mo ($553.10 USD)
- Faroe Islands Minimum Wage
- No statutory minimum wage
- Mexico Avg. Gross Monthly Salary
- MX$16,500 /mo ($952.27 USD)
- Faroe Islands Avg. Gross Monthly Salary
- kr34,278 /mo ($5,341.42 USD)
- Data Sources
- CONASAMI (Comision Nacional de los Salarios Minimos) (2026-03-02), Statistics Faroe Islands (hagstova.fo) (2026-05-04)
Mexico 
Faroe Islands
Updated 2026-05-04
Unlike Faroe Islands, which has no statutory minimum wage, Mexico mandates a wage floor of $553/mo. Average gross salaries diverge further: $952/mo in Mexico versus $5,341/mo in Faroe Islands, a 5.6:1 ratio.
Detailed Comparison
| Metric | Mexico | Faroe Islands |
|---|---|---|
| Minimum wage /day | MX$315.04 $18.18 | None |
| Minimum wage /mo | MX$9,583.52 $553.10 | None |
| Minimum wage /yr | MX$114,989.60 $6,636.44 | None |
| Avg. gross salary /mo | MX$16,500 /mo $952.27 | kr34,278 /mo $5,341.42 |
| Avg. net salary /mo | MX$14,200 /mo $819.53 | N/A/mo |
| Median individual income /yr | MX$96,000 /yr $5,540.49 | N/A/yr |
Percentage differences are based on USD equivalent values. Positive means Mexico is higher.
Work Week
- Mexico
-
48 hrs/wk standard
Max 48 hrs/wk
Overtime : 2x pay
Standard workweek is 48 hours (daytime). Night shift maximum is 42 hours, mixed shift 45 hours. First 9 hours of overtime per week at 200% rate; beyond that at 300%. A 2023 reform discussion to reduce to 40 hours is pending.
- 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: Mexico mandates 48 hours while Faroe Islands mandates 40 hours.
See this comparison from Faroe Islands's perspective: Faroe Islands vs Mexico
Compare Mexico with...
Mexico vs United States $ 7.25 /hr 
Mexico vs China ¥ 25 /hr 
Mexico vs Germany € 13.9 /hr 
Mexico vs United Kingdom £ 12.71 /hr 
Mexico vs India ₹ 4,576 /mo 
Mexico vs Japan ¥ 1,121 /hr 
Mexico vs France € 12.02 /hr 
Mexico vs South Korea ₩ 10,320 /hr 
Mexico vs Canada C$ 18.1 /hr 
Mexico vs Australia A$ 24.95 /hr 
Mexico vs Brazil R$ 7.37 /hr 
Mexico vs Russia ₽ 156.31 /hr 
Mexico vs Indonesia Rp 33,058 /hr 
Mexico vs Netherlands € 14.71 /hr 
Mexico vs Saudi Arabia ﷼ 23.08 /hr 
Mexico vs Turkey ₺ 164.94 /hr 
Mexico vs Taiwan NT$ 190 /hr 
Mexico vs Switzerland 
Mexico vs Poland zł 31.4 /hr 
Mexico vs Thailand ฿ 10,400 /mo 
Mexico vs Sweden 
Mexico vs Argentina ARS 1,762 /hr 
Mexico vs Singapore 
Mexico vs Norway Frequently Asked Questions
Is the minimum wage higher in Mexico or Faroe Islands?
In Mexico, the minimum wage is MX$9,583.52/mo ($553.10 USD). In Faroe Islands, it is no statutory minimum wage.
How much less does the average worker earn in Mexico compared to Faroe Islands?
The average gross salary in Mexico is MX$16,500/mo ($952.27 USD), compared to kr34,278/mo ($5,341.42 USD) in Faroe Islands. In USD terms, workers in Mexico earn approximately 461% less. Average salaries reflect the full labor market, not just the minimum wage floor. The gap between Mexico 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 Mexico.
How do work hours compare between Mexico and Faroe Islands?
Mexico has a longer standard work week at 48 hours, compared to 40 hours in Faroe Islands. Workers in Mexico work 48 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.