Reykjavik, Iceland: Cost of Living, Healthcare, Local Clubs and Activities, Healthcare and What to Know About Living in Reykjavik

Reykjavik, Iceland

Last updated on May 08, 2023

Summary: People often describe Reykjavik, Iceland as a vibrant, modern city with a unique culture and stunning natural beauty. Expats love the city's friendly atmosphere, its excellent public transportation system, and its abundance of outdoor activities. The weather in Reykjavik is generally mild, with temperatures ranging from the mid-30s to the mid-50s Fahrenheit. The average cost of living for an expat is estimated to be around $2,000 to $3,000 per month. The cost of a one bedroom apartment in Reykjavik is around $1,500 to $2,000 per month, while a two bedroom apartment can cost anywhere from $2,000 to $3,000 per month. Reykjavik has a population of approximately 121,230 people.

What do I need to know about living in Reykjavik?

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

"Before retiring in Reykjavik, it is important to research the cost of living in the city and the regulations governing the retirement age. You should also look into the availability of healthcare and any other services you may need as a retiree. When applying for residence, gather all required documentation as required by the Directorate of Immigration in Reykjavik. It is beneficial to research cultural norms and Icelandic language to improve your understanding of the city. Additionally, familiarizing yourself with local laws and regulations can help make your retirement smoother. Before retiring in Reykjavik, make sure to visit the city or Region sometime during retirement so that you can truly experience life in the area," said one expat in Reykjavik.

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What do I need to know before moving to Reykjavik?

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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.