Key Facts: Norway vs Faroe Islands Wages
- Norway Minimum Wage
- No statutory minimum wage
- Faroe Islands Minimum Wage
- No statutory minimum wage
- Norway Avg. Gross Monthly Salary
- kr55,150 /mo ($5,953.34 USD)
- Faroe Islands Avg. Gross Monthly Salary
- kr34,278 /mo ($5,341.42 USD)
- Data Sources
- Norwegian Labour Inspection Authority (Arbeidstilsynet) (2026-05-28), Statistics Faroe Islands (hagstova.fo) (2026-05-04)
Norway 
Faroe Islands
Updated 2026-05-28
Neither Norway nor Faroe Islands has a statutory minimum wage, relying instead on collective bargaining or sectoral agreements. Average salaries are higher in Norway at $5,953/mo compared to $5,341/mo in Faroe Islands.
Detailed Comparison
| Metric | Norway | Faroe Islands |
|---|---|---|
| Avg. gross salary /mo | kr55,150 /mo $5,953.34 | kr34,278 /mo $5,341.42 |
| Avg. net salary /mo | kr38,600 /mo $4,166.80 | N/A/mo |
| Median individual income /yr | kr570,000 /yr $61,530.49 | N/A/yr |
Percentage differences are based on USD equivalent values. Positive means Norway is higher.
Work Week
- Norway
-
37.5 hrs/wk standard
Max 40 hrs/wk
Overtime : 1.4x pay
The Working Environment Act sets a maximum of 40 hours/week, but most collective agreements specify 37.5 hours. Overtime premium minimum 40% by law. Maximum overtime: 10 hrs/week, 25 hrs over 4 consecutive weeks, 200 hrs/year. Night and Sunday work requires additional premiums by 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: Norway mandates 37.5 hours while Faroe Islands mandates 40 hours.
See this comparison from Faroe Islands's perspective: Faroe Islands vs Norway
Compare Norway with...
Norway vs United States $ 7.25 /hr 
Norway vs China ¥ 25 /hr 
Norway vs Germany € 13.9 /hr 
Norway vs United Kingdom £ 12.71 /hr 
Norway vs India ₹ 4,576 /mo 
Norway vs Japan ¥ 1,121 /hr 
Norway vs France € 12.02 /hr 
Norway vs South Korea ₩ 10,320 /hr 
Norway vs Canada C$ 18.1 /hr 
Norway vs Australia A$ 24.95 /hr 
Norway vs Brazil R$ 7.37 /hr 
Norway vs Russia ₽ 156.31 /hr 
Norway vs Mexico MX$ 9,583.52 /mo 
Norway vs Indonesia Rp 33,058 /hr 
Norway vs Netherlands € 14.71 /hr 
Norway vs Saudi Arabia ﷼ 23.08 /hr 
Norway vs Turkey ₺ 164.94 /hr 
Norway vs Taiwan NT$ 190 /hr 
Norway vs Switzerland 
Norway vs Poland zł 31.4 /hr 
Norway vs Thailand ฿ 10,400 /mo 
Norway vs Sweden 
Norway vs Argentina ARS 1,762 /hr 
Norway vs Singapore Frequently Asked Questions
How much more does the average worker earn in Norway compared to Faroe Islands?
The average gross salary in Norway is kr55,150/mo ($5,953.34 USD), compared to kr34,278/mo ($5,341.42 USD) in Faroe Islands. In USD terms, workers in Norway earn approximately 11% more. Average salaries reflect the full labor market, not just the minimum wage floor. The gap between Norway and Faroe Islands is shaped by differences in industry composition, labor productivity, and the overall cost of living in each country. Workers in Norway earn more in nominal terms, though how far that income stretches depends on local prices in Faroe Islands.
How do work hours compare between Norway and Faroe Islands?
Faroe Islands has a longer standard work week at 40 hours, compared to 37.5 hours in Norway. Workers in Norway work 37.5 hours per week by law. Longer mandatory hours can offset a nominally higher wage; a worker in Norway 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.