Key Facts: New Zealand vs Faroe Islands Wages
- New Zealand Minimum Wage
- NZ$23.50/hr ($13.99 USD)
- Faroe Islands Minimum Wage
- No statutory minimum wage
- New Zealand Avg. Gross Monthly Salary
- NZ$5,666.67 /mo ($3,374.22 USD)
- Faroe Islands Avg. Gross Monthly Salary
- kr34,278 /mo ($5,341.42 USD)
- Data Sources
- Employment New Zealand / Ministry of Business, Innovation and Employment (2026-03-02), Statistics Faroe Islands (hagstova.fo) (2026-05-04)
New Zealand 
Faroe Islands
Updated 2026-05-04
Unlike Faroe Islands, which has no statutory minimum wage, New Zealand mandates a wage floor of $14/hr. Average salaries are lower in New Zealand at $3,374/mo compared to $5,341/mo in Faroe Islands.
Detailed Comparison
| Metric | New Zealand | Faroe Islands |
|---|---|---|
| Minimum wage /hr | NZ$23.50 $13.99 | None |
| Minimum wage /mo | NZ$4,073.83 $2,425.77 | None |
| Minimum wage /yr | NZ$48,880 $29,105.63 | None |
| Avg. gross salary /mo | NZ$5,666.67 /mo $3,374.22 | kr34,278 /mo $5,341.42 |
| Avg. net salary /mo | NZ$4,533.33 /mo $2,699.37 | N/A/mo |
| Median individual income /yr | NZ$61,828 /yr $36,815.53 | N/A/yr |
Percentage differences are based on USD equivalent values. Positive means New Zealand is higher.
Work Week
- New Zealand
-
40 hrs/wk standard
Overtime : 1.5x pay
No statutory maximum working hours, but employers must ensure reasonable working hours. Most employment agreements specify 40 hours/week. Overtime rates not mandated by statute but commonly 1.5x by agreement. Time-and-a-half and a day in lieu required for work on public holidays.
- 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 New Zealand
Compare New Zealand with...
New Zealand vs United States $ 7.25 /hr 
New Zealand vs China ¥ 25 /hr 
New Zealand vs Germany € 13.9 /hr 
New Zealand vs United Kingdom £ 12.71 /hr 
New Zealand vs India ₹ 4,576 /mo 
New Zealand vs Japan ¥ 1,121 /hr 
New Zealand vs France € 12.02 /hr 
New Zealand vs South Korea ₩ 10,320 /hr 
New Zealand vs Canada C$ 18.1 /hr 
New Zealand vs Australia A$ 24.95 /hr 
New Zealand vs Brazil R$ 7.37 /hr 
New Zealand vs Russia ₽ 156.31 /hr 
New Zealand vs Mexico MX$ 9,583.52 /mo 
New Zealand vs Indonesia Rp 33,058 /hr 
New Zealand vs Netherlands € 14.71 /hr 
New Zealand vs Saudi Arabia ﷼ 23.08 /hr 
New Zealand vs Turkey ₺ 164.94 /hr 
New Zealand vs Taiwan NT$ 190 /hr 
New Zealand vs Switzerland 
New Zealand vs Poland zł 31.4 /hr 
New Zealand vs Thailand ฿ 10,400 /mo 
New Zealand vs Sweden 
New Zealand vs Argentina ARS 1,762 /hr 
New Zealand vs Singapore Frequently Asked Questions
Is the minimum wage higher in New Zealand or Faroe Islands?
In New Zealand, the minimum wage is NZ$23.50/hr ($13.99 USD). In Faroe Islands, it is no statutory minimum wage.
How much less does the average worker earn in New Zealand compared to Faroe Islands?
The average gross salary in New Zealand is NZ$5,666.67/mo ($3,374.22 USD), compared to kr34,278/mo ($5,341.42 USD) in Faroe Islands. In USD terms, workers in New Zealand earn approximately 58% less. Average salaries reflect the full labor market, not just the minimum wage floor. The gap between New Zealand 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 New Zealand.
How do work hours compare between New Zealand and Faroe Islands?
Both New Zealand and Faroe Islands 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.