Home Page
Compare Your Salary
Salary Report
Best Paying Jobs
Salary Increase Letter
Read Our Articles
Salary Calculator

Average Salary in Faroe Islands 2019

How much money does a person working in Faroe Islands make?

29,210 DKK per month
Average Monthly Salary
A person working in Faroe Islands typically earns around 29,210 DKK per month.
This is the average monthly salary including housing, transport, and other benefits.
Salaries differ drasticly between different jobs. If you are interested in the salary of a particular job, see below for salaries for specific job titles.

Distribution of Salaries in Faroe Islands | All Jobs

Median and salary distribution monthly Faroe Islands

Abount These Figures: Salary Range, Median and Percentiles

Salaries in Faroe Islands range between 3,954 DKK per month (minimum salary) to 129,345 DKK per month (maximum salary).

The median salary is 30,086 DKK per month, which means that half (50%) of the population are earning less than 30,086 DKK while the other half are earning more than 30,086 DKK. The median represents the middle salary value. Generally speaking, you would want to be on the right side of the graph with the group earning more than the median salary.

Closely related to the median are two values: the 25th and the 75th percentiles. Reading from the salary distribution diagram, 25% of the population are earning less than 15,318 DKK while 75% of them are earning more than 15,318 DKK. Also from the diagram, 75% of the population are earning less than 84,499 DKK while 25% are earning more than 84,499 DKK.

What is the difference between the median and the average salary? What should you be looking at?

Both are indicators. If your salary is higher than both of the average and the median then you are doing very well. If your salary is lower than both, then many people are earning more than you and there is plently of room for improvement. If your wage is in between the average and median, then things can be a bit confusing. We have written a guide to explain all the different senarios. How to compare your salary

Salary Trend and Forecast in Faroe Islands

How are Faroe Islands salaries changing over time? Listed below is a chart that shows the average salary over the past few years.

Salary trends and forecast monthly Faroe Islands
Average Salary 2016    =  
26,422 DKK
Average Salary 2017    +4%  
27,400 DKK
Average Salary 2018    +3%  
28,332 DKK
Average Salary 2019    +3%  
29,210 DKK
Percentage increase and decrease are relative to the previous value
Salaries in Faroe Islands are on the rise in the year 2019 based on recent submitted salaries and reports. As displayed in the chart, salaries in 2019 are 3% higher than those of 2018. The trend suggests a slow yet continous increase in pay in 2020 and future years. These numbers differ slightly from industry to another.

Salaries for popular jobs

Job TitleAverage Salary
Accountant19,155 DKK
Administrative Assistant14,381 DKK
Architect24,222 DKK
Attorney39,375 DKK
Biomedical Engineer23,261 DKK
CAD Drafter21,959 DKK
Cashier16,612 DKK
Chartered Accountant23,164 DKK
Chef23,790 DKK
Chief Executive Officer62,646 DKK
Chief Financial Officer59,574 DKK
Civil Engineer25,514 DKK
Computer Technician22,087 DKK
Creative Director29,331 DKK
Dentist63,785 DKK
Developer / Programmer25,691 DKK
Electrical Engineer28,519 DKK
Elementary School Teacher19,392 DKK
Engineer24,856 DKK
Executive Chef24,188 DKK
Flight Attendant23,674 DKK
General Manager51,288 DKK
Graphic Designer19,044 DKK
Hotel Manager41,731 DKK
Human Resources Manager37,588 DKK
Internal Auditor28,451 DKK
Journalist26,872 DKK
Legal Assistant20,941 DKK
Mechanical Engineer28,711 DKK
Nurse21,394 DKK
Pharmacist30,183 DKK
Photographer19,497 DKK
Pilot34,435 DKK
Police Officer22,924 DKK
Project Manager31,545 DKK
Receptionist15,625 DKK
Sales Manager44,165 DKK
Sales Representative17,840 DKK
Secondary School Teacher22,944 DKK
Secretary14,828 DKK
Teacher21,100 DKK
Teller18,927 DKK
Travel Agent22,555 DKK
Waiter / Waitress16,165 DKK

Average Hourly Wage in Faroe Islands | All Jobs

169 DKK per hour
Average Hourly Wage

The average hourly wage (pay per hour) in Faroe Islands | All Jobs is 169 DKK. This means that the average person in Faroe Islands earns approximatly 169 DKK for every worked hour.

Hourly Wage = Annual Salary ÷ ( 52 x 5 x 8 )

The hourly wage is the salary paid in one working hour. Usually jobs are classified into two categories: salaried jobs and hourly jobs. Salaried jobs pay a fix amount regardless of the hours worked. Hourly jobs pay per worked hour. To convert salary into hourly wage the above formula is used (assuming 5 working days in a week and 8 working hours per day which is the standard for most jobs). The hourly wage calculation may differ slightly depending on the worked hours per week and annual vacation allowance. The figures mentioned above are good approximation and they are considered to the be the standard.

0 - 0
Home|Privacy Policy|Salary Comparison

©Salary Explorer 2018