Key Facts: Russia vs Faroe Islands Wages
- Russia Minimum Wage
- ₽156.31/hr ($1.61 USD)
- Faroe Islands Minimum Wage
- No statutory minimum wage
- Russia Avg. Gross Monthly Salary
- ₽100,316 /mo ($1,034.19 USD)
- Faroe Islands Avg. Gross Monthly Salary
- kr34,278 /mo ($5,341.42 USD)
- Data Sources
- Ministry of Labour and Social Protection (Минтруд России); Federal Law 548-FZ verified via ConsultantPlus (consultant.ru/law/hotdocs/91688.html) (2026-05-27), Statistics Faroe Islands (hagstova.fo) (2026-05-04)
Russia 
Faroe Islands
Updated 2026-05-27
Unlike Faroe Islands, which has no statutory minimum wage, Russia mandates a wage floor of $2/hr. Average gross salaries diverge further: $1,034/mo in Russia versus $5,341/mo in Faroe Islands, a 5.2:1 ratio.
Detailed Comparison
| Metric | Russia | Faroe Islands |
|---|---|---|
| Minimum wage /hr | ₽156.31 $1.61 | None |
| Minimum wage /mo | ₽27,093 $279.31 | None |
| Minimum wage /yr | ₽325,116 $3,351.71 | None |
| Avg. gross salary /mo | ₽100,316 /mo $1,034.19 | kr34,278 /mo $5,341.42 |
| Avg. net salary /mo | ₽87,275 /mo $899.74 | N/A/mo |
| Median individual income /yr | ₽880,800 /yr $9,080.41 | N/A/yr |
Percentage differences are based on USD equivalent values. Positive means Russia is higher.
Work Week
- Russia
-
40 hrs/wk standard
Max 40 hrs/wk
Overtime : 1.5x pay
Labour Code sets 40 hrs/week standard. Reduced hours for certain categories: under-16 (24 hrs), 16-18 (35 hrs), hazardous work (36 hrs). First 2 hours of overtime: 1.5x; subsequent hours: 2.0x. Overtime limited to 4 hrs over 2 consecutive days, 120 hrs/year. Public holidays (14 per year) are paid non-working days.
- 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 Russia
Compare Russia with...
Russia vs United States $ 7.25 /hr 
Russia vs China ¥ 25 /hr 
Russia vs Germany € 13.9 /hr 
Russia vs United Kingdom £ 12.71 /hr 
Russia vs India ₹ 4,576 /mo 
Russia vs Japan ¥ 1,121 /hr 
Russia vs France € 12.02 /hr 
Russia vs South Korea ₩ 10,320 /hr 
Russia vs Canada C$ 18.1 /hr 
Russia vs Australia A$ 24.95 /hr 
Russia vs Brazil R$ 7.37 /hr 
Russia vs Mexico MX$ 9,583.52 /mo 
Russia vs Indonesia Rp 33,058 /hr 
Russia vs Netherlands € 14.71 /hr 
Russia vs Saudi Arabia ﷼ 23.08 /hr 
Russia vs Turkey ₺ 164.94 /hr 
Russia vs Taiwan NT$ 190 /hr 
Russia vs Switzerland 
Russia vs Poland zł 31.4 /hr 
Russia vs Thailand ฿ 10,400 /mo 
Russia vs Sweden 
Russia vs Argentina ARS 1,762 /hr 
Russia vs Singapore 
Russia vs Norway Frequently Asked Questions
Is the minimum wage higher in Russia or Faroe Islands?
In Russia, the minimum wage is ₽156.31/hr ($1.61 USD). In Faroe Islands, it is no statutory minimum wage.
How much less does the average worker earn in Russia compared to Faroe Islands?
The average gross salary in Russia is ₽100,316/mo ($1,034.19 USD), compared to kr34,278/mo ($5,341.42 USD) in Faroe Islands. In USD terms, workers in Russia earn approximately 416% less. Average salaries reflect the full labor market, not just the minimum wage floor. The gap between Russia 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 Russia.
How do work hours compare between Russia and Faroe Islands?
Both Russia 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.