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Cost of Living in Selfoss, Iceland

By Joshua Wood, LPC

Last updated on Jul 16, 2023

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

William Russell
William Russell
William Russell
William Russell

Is the cost of living in Selfoss high?

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

"The cost of living in Selfoss is considered to be relatively high, similar to the rest of the country. Housing is one of the biggest expenses, with rent for a one-bedroom apartment in the city center being quite costly. Utilities such as electricity, heating, cooling, water, and garbage are also a significant part of the monthly budget. Groceries in Selfoss can be expensive, with items such as milk, bread, and eggs costing more than in many other countries. Eating out is also pricey, with a meal at an inexpensive restaurant being quite high. Transportation costs can also add up, with gasoline prices being high. However, many residents choose to walk or bike, which can help to offset these costs. Healthcare in Iceland is of a high standard, but it is not free. Residents must pay a portion of their healthcare costs, which can add to the overall cost of living. Despite the high cost of living, many residents feel that the quality of life in Selfoss is worth the expense. The town offers a safe, clean environment with a strong sense of community and access to beautiful natural surroundings," said one person in Selfoss.

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Allianz Care's plans ensure that you have access to quality healthcare whenever you need it. Our flexible solutions allow you to tailor your cover to meet your needs and budget. You can submit your claims digitally and our helpline is available 24/7 to help you anytime.

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Allianz Care's plans ensure that you have access to quality healthcare whenever you need it. Our flexible solutions allow you to tailor your cover to meet your needs and budget. You can submit your claims digitally and our helpline is available 24/7 to help you anytime.
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Will I save money living in Selfoss?

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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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Flexible solutions allow you to tailor your cover to meet your needs and budget. Use Promocode: LIFE10 and get 10% off your international health insurance for life!
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