Average Freelance Fashion Stylist Salary in Faroe Islands for 2024

In this article, we will look at the average Freelance Fashion Stylist salary for 2024 in Faroe Islands and how that compares to other countries and professions. We'll also look at interesting salary data points like median salary, 25th and 75th percentile salaries, salary amounts based on experience, bonus ranges and more!

The data in this article has been compiled using official government salary data, salary surveys, and other sources such as job postings which contain salary information.

All salary information is in the local currency, which is the Danish krone. To keep things simple, we are using the DKK currency code instead of the currency symbol kr.

How Much Does a Freelance Fashion Stylist Make in Faroe Islands?

A Freelance Fashion Stylist working in Faroe Islands will typically earn around 471,700 DKK per year, and this can range from the lowest average salary of about 231,000 DKK to the highest average salary of 735,500 DKK.

Average Annual Salary
471,700 DKK
Average Monthly Salary
39,308 DKK

Lowest Annual Salary
231,000 DKK
Lowest Monthly Salary
19,250 DKK

Highest Annual Salary
735,500 DKK
Highest Monthly Salary
61,291 DKK

These are average salaries for a Freelance Fashion Stylist in Faroe Islands and include benefits such as housing and transport. It's also possible for a Freelance Fashion Stylist to earn more or less than the average salaries shown above.

Freelance Fashion Stylist salaries will vary a lot based on your experience, location, skills, and gender. Keep reading below to research more data on each of these areas.

Distribution of Freelance Fashion Stylist Salaries in Faroe Islands

So we've looked at the average salaries a Freelance Fashion Stylist will earn in Faroe Islands. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that a Freelance Fashion Stylist can earn between 231,000 DKK and 735,500 DKK on average in Faroe Islands. This is known as the range in statistics.

The difference between the maximum and minimum values is a good indicator of variability in salaries, and can be used by employers to figure out how much they can expect to pay, and for employees to know how much they can earn.

Median salary

The median salary for a Freelance Fashion Stylist in Faroe Islands is 480,600 DKK. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 480,600 DKK, and 50% of the population earn more than 480,600 DKK.

If you are earning more than the median salary, that's a good indicator that you are being paid well.

If you're not earning more than the median salary, your objective should be to increase your earnings to be at least as high as the median salary (which you can do by asking for a pay rise, looking for a better paying job, etc).

Percentiles

Percentiles are similar to the median salary, but instead of looking at the middle value, they look at the values in the top and bottom half of the distribution.

For the average Freelance Fashion Stylist salary in Faroe Islands, 25% of the population are earning less than 319,600 DKK while 75% of the population earn more than 319,600 DKK.

75% of the population earn less than 619,000 DKK, and 25% of the population earn more than 619,000 DKK.

Like the median salary, the 25th and 75th percentile salaries can be used to determine which quartile you fall into so that you know whether you are being paid well enough compared to others in your profession and location.

The difference between a median and an average salary

The median and average salary are both indicators you can use to see if you are being paid fairly based on the overall population.

  • If your salary is higher than the average and the median salary, you are earning well compared to others.
  • If your salary is lower than the average and the median salary, it could indicate you are not being paid well enough.
  • If you are somewhere in between then it's tricky to determine if you are being paid well enough and you might need to research more closely.

Freelance Fashion Stylist Salary by Experience Level in Faroe Islands

The most important factor in determining your salary after the specific profession is the number of years experience you have. It stands to reason that more years of experience will result in a higher wage.

We have researched the average freelance fashion stylist salary based on years of experience to give you an idea of how the average changes once you've worked for a certain amount of time.

  • 0 - 2 Years Experience. A Freelance Fashion Stylist in Faroe Islands that has less than two years of experience can expect to earn somewhere in the region of 275,200 DKK.
  • 2 - 5 Years Experience. With two to five years of experience the average Freelance Fashion Stylist salary would increase to 351,900 DKK.
  • 5 - 10 Years Experience. From five to ten years of experience as a Freelance Fashion Stylist, the average salary would be 485,300 DKK.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 600,000 DKK.
  • 15 - 20 Years Experience. A Freelance Fashion Stylist with 15 to 20 years of experience can earn an average of 642,800 DKK.
  • 20+ Years Experience. For a Freelance Fashion Stylist with more than 20 years, the expected average salary increases to 687,100 DKK.

Average Salary by Experience Chart

0-2 Years
275,200 DKK
2-5 Years +29%
351,900 DKK
5-10 Years +38%
485,300 DKK
10-15 Years +24%
600,000 DKK
15-20 Years +7%
642,800 DKK
20+ Years +7%
687,100 DKK

Freelance Fashion Stylist Salary by Education Level in Faroe Islands

As well as experience in a job, your education plays a big role in how much you can earn. A lot of higher paying positions require a high level of education, but how much can a degree increase your salary?

In our research we have compared the salaries of employees in the same job and career level with different levels of education to see how much more you can earn at each education level.

The salary you can earn based on your education is very specific to both your location and the career path you choose.

In our research, we looked at the average salary for a Freelance Fashion Stylist in Faroe Islands based on the education level of the employees in order to find out whether a better education level would increase your salary.

  • High School. A Freelance Fashion Stylist in Faroe Islands with a high school education can earn an average salary of 385,300 DKK.

  • Certificate or Diploma. A Freelance Fashion Stylist in Faroe Islands with a certificate or diploma education can earn an average salary of 639,100 DKK.

Average Salary by Education Chart

High School
385,300 DKK
Certificate or Diploma +65%
639,100 DKK

How Much is a Master's Degree or MBA Program?

The approximate cost of a master's degree or post-graduate program like an MBA in Faroe Islands is around 134,000 to 401,000 DKK and takes two years to complete.

As you can see above, there are financial benefits from reaching master's degree level, but don't expect to see much of a salary increase until you have completed the degree.

It's common for people to pursue an MBA or other post-graduate program in order to switch to a a job that pays more. On average, you can expect to earn around 10% more when switching to a new company.

Whether you decide to pursue a master's degree depends on many factors. If you are able to afford it, the numbers suggest that the return on investment is worth it and you could recover the costs in a few years from the salary increase you would receive.

Freelance Fashion Stylist Salary Compared by Gender

In the modern age, we know that there should never be a pay gap between men and women. Unfortunately, in many professions, there is still a significant difference between the salaries earned by men when compared to the salary of women in the same job.

In Faroe Islands, a male freelance fashion stylist will earn an average of 442,200 DKK, while a female freelance fashion stylist will earn around 491,000 DKK.

This means that a male freelance fashion stylist earns approximately 10% less than a female freelance fashion stylist for performing the same job.

Average Salary by Gender Chart in Faroe Islands

Male
442,200 DKK
Female +10%
491,000 DKK

Freelance Fashion Stylist Average Pay Raise in Faroe Islands

In many countries, an annual pay raise is often given to employees to reward their service with a salary increase.

From our research, we can see that the average pay raise for a Freelance Fashion Stylist in Faroe Islands is around 7% every 31 months.

The national average pay raise across all professions and industries in Faroe Islands is around 4% every 29 months.

In this case, we can see that the number of months between the average pay raise is higher than the typical 12 months.

To make the data more meaningful, we can calculate what the approximate annual pay raise would be using a simple formula:

Annual Increase = ( Increase Rate ÷ Months ) × 12

So for this example, it would be:

Annual Increase = ( 7 ÷ 31 ) × 12  = 3%

What this means is that a Freelance Fashion Stylist in Faroe Islands can expect to receive an average pay raise of around 3% every 12 months.

Annual Pay Raise by Industry in Faroe Islands for 2024

In the chart below, you can see the average annual pay raise percentages for each of the major industries in Faroe Islands.

You will see that companies in bigger and more lucrative industries tend to have the higher annual pay raises.

Banking
8%
Energy
7%
Information Technology
6%
Healthcare
5%
Travel
4%
Construction
3%
Education
2%

Freelance Fashion Stylist Bonus and Incentive Rates in Faroe Islands

Another part of your overall compensation in a job is how much bonus you receive. Some job roles will be more likely to pay a bonus than others and also more likely to have higher bonus rates.

Generally speaking, jobs that are more involved with direct revenue generation will receive higher bonuses based on the performance towards revenue goals.

A Freelance Fashion Stylist is a low bonus based job, with 14% of employees reporting at least one bonus in the last 12 months.

86% reported that they had not received any bonuses in the previous 12 months.

For the employees that did receive a bonus in the previous 12 months, the reported bonuses ranged from 0% to 4%.

Received Bonus
14%
No Bonus
86%

What are the Types of Bonus?

There are a number of difference types of bonus you can receive in a job. Including:

  • Individual performance bonus - This is a bonus that is awarded to an individual employee for general performance in the job. It's the most common type of bonus.
  • Company performance bonus - This is a bonus that is awarded to a company employees to share profit with the staff.
  • Goal based bonus - This is a bonus that is awarded to an individual employee (or a team) for achieving specific goals, objectives, or milestones.
  • Holiday bonus - This type of bonus is usually paid around the holidays, often the end of the year, and is a token of appreciation for the hard work throughout the year.

Government vs Private Sector Salaries

Another commonly asked question is whether you get paid a higher salary working in the public (government) sector or the private sector.

Public sector employees in Faroe Islands earn approximately 19% more than private sector employees in the same role.

Public Sector
352,000 DKK
Private Sector -19%
297,000 DKK

Salaries for Jobs Similar to a Freelance Fashion Stylist

In the table below, we have salary information for jobs that are similar to a Freelance Fashion Stylist in Faroe Islands.

Job Title Category Salary
Alterations Specialist Fashion and Apparel 128,900 DKK
Barber Fashion and Apparel 119,700 DKK
Bench Jeweler Fashion and Apparel 108,800 DKK
Clothing and Textile Technologist Fashion and Apparel 272,800 DKK
Cosmetology Educator Fashion and Apparel 297,000 DKK
Diamond Setter Fashion and Apparel 136,200 DKK
Diamond Worker Fashion and Apparel 159,400 DKK
Fabric Manager Fashion and Apparel 332,100 DKK
Fashion Design Manager Fashion and Apparel 496,100 DKK
Fashion Designer Fashion and Apparel 426,700 DKK
Fashion Merchandiser Fashion and Apparel 207,800 DKK
Fashion Model Fashion and Apparel 288,700 DKK
Garment Technologist Fashion and Apparel 247,800 DKK
Hairstylist Fashion and Apparel 137,400 DKK
Jeweler Fashion and Apparel 228,000 DKK
Jewelry Mold Maker Fashion and Apparel 163,800 DKK
Jewelry Polisher Fashion and Apparel 107,580 DKK
Jewelry Sales Fashion and Apparel 204,000 DKK
Plating Manager Fashion and Apparel 325,800 DKK
Product Development Manager Fashion and Apparel 559,000 DKK
Sewing Machine Operator Fashion and Apparel 90,900 DKK
Shoe Sales Fashion and Apparel 143,200 DKK
Supply Chain Manager Fashion and Apparel 501,400 DKK
Tailor / Fitter Fashion and Apparel 128,900 DKK
Trend Forecaster Fashion and Apparel 294,700 DKK
Visual Merchandising Coordinator Fashion and Apparel 209,700 DKK
Visual Merchandising Projects Manager Fashion and Apparel 415,900 DKK

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