Cost of Living in Borgarnes, Iceland
Last updated on Mar 12, 2023
Summary: What is the cost of living in Borgarnes, Iceland? Hear what expats, digital nomads and retirees living in Borgarnes have to say about the cost of housing, health insurance and general living costs.
Is the cost of living in Borgarnes high?
We asked people how much they someone comfortably live on in Borgarnes, they wrote:
"The cost of living in Borgarnes is considered to be relatively high, similar to the rest of the country. Housing and rental prices are quite steep, especially for larger or more modern properties. Grocery prices are also high due to the fact that most food items are imported. Eating out at restaurants or cafes can be expensive as well, with a meal at an inexpensive restaurant costing significantly more than in other countries. Utilities such as electricity, heating, cooling, and water are also costly, as is the price of gasoline. Internet and mobile phone services are relatively expensive as well. Public transportation is not widely used in Borgarnes, so owning a car can be a necessity, adding to the cost of living. Healthcare in Iceland is of high quality, but it comes at a high cost. Education is free at the primary and secondary levels, but university education can be expensive. Despite the high cost of living, salaries in Borgarnes are also generally high, which can help offset these costs. However, the high cost of living can still be a challenge for those on lower incomes or with large families. In terms of leisure activities, the cost can vary. Outdoor activities such as hiking or visiting the many natural attractions in and around Borgarnes can be done for free or at a low cost. However, other activities such as visiting museums, going to the cinema, or participating in organized sports can add to the cost of living. Overall, while Borgarnes offers a high quality of life, it comes with a high cost of living," remarked one in Borgarnes.
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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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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.
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