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Cost of Living in Hafnarfjordur, Iceland

By Joshua Wood, LPC

Last updated on Jul 07, 2023

Summary: What is the cost of living in Hafnarfjordur, Iceland? Hear what expats, digital nomads and retirees living in Hafnarfjordur have to say about the cost of housing, health insurance and general living costs.

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Is the cost of living in Hafnarfjordur high?

We asked people how much they someone comfortably live on in Hafnarfjordur, they wrote:

"The cost of living in Hafnarfjordur is considered relatively high compared to many other countries. Housing is one of the biggest expenses, with rental prices for a one-bedroom apartment in the city center being quite steep. Utilities such as electricity, heating, cooling, water, and garbage are also quite expensive, as is the cost of internet connection. When it comes to groceries, prices are also high. Basic items such as bread, milk, and eggs, as well as fruits, vegetables, and meat, are more expensive than in many other countries. Eating out or ordering takeout from restaurants can also be quite costly. Transportation costs are also significant in Hafnarfjordur. Gasoline prices are high, and so are the costs of maintaining and insuring a car. Public transportation is available, but it is also more expensive than in many other places. Healthcare in Iceland is of high quality, but it comes at a high cost. Even with the national health insurance, there can be significant out-of-pocket expenses for certain services or medications. Despite the high cost of living, many residents feel that the quality of life, safety, and natural beauty of Hafnarfjordur and Iceland in general make it worth the expense," explained one expat living in Hafnarfjordur.

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William Russell's private medical insurance will cover you and your family wherever you may be. Whether you need primary care or complex surgery, you'll have access to the best hospitals & doctors available. Unlike some insurers, we also include medical evacuation and mental health cover in our plans (except SilverLite). Get a quote from our partner, William Russell.
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Will I save money living in Hafnarfjordur?

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About the Author

Joshua Wood 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.

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Get a quote for international health insurance from our partner, William Russell.
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Get a quote for international health insurance from our partner, William Russell.
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