Living in Iceland: Cost of Living, Healthcare and What to Know About Living in Iceland

Living in Iceland

Last updated on Jan 10, 2024

Summary: People often describe life in Iceland as peaceful, beautiful, and unique. Expats love the stunning natural beauty of the country, the friendly people, and the excellent quality of life. The average cost of living for an expat is around $2,500 per month, depending on lifestyle. The population of Iceland is approximately 364,134 people, and the largest cities are Reykjavik, Kópavogur, Hafnarfjörður, and Akureyri. The cons of living in Iceland include the high cost of living, the cold weather, and the limited job opportunities. Additionally, the language barrier can be a challenge for some expats.

What do I need to know about living in Iceland?

When we asked people what advice they would give someone preparing to move to Iceland, they said:

"Before retiring in Iceland, expats should be aware of the cost of living, which is higher than in many other countries. They should also be aware of the weather, which can be cold and unpredictable. Additionally, expats should research the healthcare system and the availability of medical services. It is also important to research the local culture and customs, as well as the language, to ensure a smooth transition. Finally, expats should be aware of the visa and residency requirements for living in Iceland," commented one expat who made the move to Iceland.

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About the Author

Joshua Wood, LPC joined Expat Exchange in 2000 and serves as one of its Co-Presidents. He is also one of the Founders of Digital Nomad Exchange. Prior to Expat Exchange, Joshua worked for NBC Cable (MSNBC and CNBC Primetime). Joshua has a BA from Syracuse and a Master's in Clinical and Counseling Psychology from Fairleigh Dickinson University. Mr. Wood is also a licensed counselor and psychotherapist.

Some of Joshua's articles include Pros and Cons of Living in Portugal, 10 Best Places to Live in Ireland and Pros and Cons of Living in Uruguay. Connect with Joshua on LinkedIn.