Retire in Reykjavik, Iceland

Last updated on Feb 23, 2023

Summary: Retirees are attracted to Reykjavik, Iceland for its stunning natural beauty, vibrant culture, and low cost of living. There are several retirement communities in Reykjavik, offering a variety of amenities such as swimming pools, fitness centers, and social activities. On average, a nice two bedroom home in Reykjavik costs around $200,000 USD, while a nice three bedroom home costs around $250,000 USD. The weather in Reykjavik is generally mild, with temperatures ranging from the mid-30s to the mid-50s Fahrenheit in the winter and the mid-50s to the mid-60s Fahrenheit in the summer.

What is it like to retire in Reykjavik?

"Retiring in Reykjavik can offer a peaceful, but vibrant atmosphere with plenty of outdoor and cultural activities to enjoy. The mild Icelandic weather means the city's outdoor spaces remain open work year-round, making it a great place for retirement. Housing costs in Reykjavik tend to be lower than other parts of Europe; however, the cost of living is higher than in other parts of the country. Reykjavik is also home to a large number of cultural festivals and events, as well as plenty of shops and restaurants to explore. Public transport is also efficient, making it easy to get around the city. All in all, it is a great place to experience a relaxed and worry-free retirement," explained one retiree living in 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.