Moving to Egilsstadir, Iceland
Last updated on Apr 15, 2024
Summary: Moving to Egilsstadir, Iceland: Expats, retirees and digital nomads talk about everything you need to know before moving to Egilsstadir.
What do I need to know before moving to Egilsstadir?
When we asked people what advice they would give someone preparing to move to Egilsstadir, they said:
"Egilsstadir is a small town located in the east of Iceland, known for its peaceful environment and beautiful landscapes. Before moving to Egilsstadir, expats should know that the town has a population of just over 2,000 people, making it a close-knit community. The local language is Icelandic, but English is widely spoken, especially by the younger generation. The cost of living in Egilsstadir is relatively high, as is the case in most parts of Iceland. This includes the cost of housing, groceries, and dining out. However, healthcare in Iceland is of a high standard and is free for all residents. The climate in Egilsstadir is subarctic, with long, cold winters and short, cool summers. Expats should be prepared for this and pack appropriate clothing. The town is also quite remote, so those moving there should be comfortable with a slower pace of life and limited entertainment options. Egilsstadir is a great place for outdoor enthusiasts, with plenty of opportunities for hiking, fishing, and bird watching. The town is also home to some unique cultural attractions, including a folklore museum and an annual jazz festival. The job market in Egilsstadir is relatively small, with the main industries being agriculture, tourism, and small businesses. Therefore, it may be beneficial for expats to secure employment before moving. Finally, while public transportation is available in Egilsstadir, having a car can be beneficial for exploring the surrounding areas. However, driving conditions can be challenging, especially in winter, so expats should be prepared for this," commented one expat who made the move to Egilsstadir.
What is a typical expat home or apartment like in Egilsstadir?
"A typical expat home or apartment in Egilsstadir, is often a modern, well-insulated structure designed to withstand the harsh Icelandic weather. These homes are usually equipped with central heating, often powered by geothermal energy, to ensure a warm and comfortable living environment. The interior design tends to be minimalist, reflecting the Icelandic love for simplicity and functionality. The living room is often spacious, with large windows that let in plenty of natural light and offer stunning views of the surrounding landscapes. The kitchen is usually fully equipped with modern appliances, and there is often a dining area where families can gather for meals. Bedrooms in these homes are typically cozy, with comfortable beds and ample storage space. The bathrooms are usually modern and clean, often featuring heated floors for extra comfort. Many expat homes in Egilsstadir also have outdoor spaces, such as a patio or a garden, where residents can enjoy the fresh air and beautiful scenery. Despite being in a relatively remote location, these homes often have high-speed internet and other modern amenities, making them suitable for remote work or study. In terms of location, expat homes in Egilsstadir are often situated close to local amenities such as shops, restaurants, and schools. Despite the town's small size, it has a good range of facilities, making it a convenient place to live. Overall, a typical expat home in Egilsstadir offers a comfortable and modern living environment, with easy access to the town's amenities and the stunning Icelandic countryside," said one expat in Egilsstadir.
What is the average cost of housing in Egilsstadir?
If you are thinking about moving to Egilsstadir, cost of living in probably a key consideration. Expats commented about the cost of housing:
"The average cost of housing in Egilsstadir can vary greatly depending on the type and size of the property. However, it is generally more affordable compared to the capital city, Reykjavik. For instance, the price of a one-bedroom apartment in the city center may range from 150,000 to 200,000 ISK per month. If you're looking to buy, the average price per square meter for an apartment in the city center can be around 350,000 ISK. Please note that these are estimated figures and actual prices can fluctuate based on various factors," commented one expat who made the move to Egilsstadir.
Should I buy or rent a home in Egilsstadir?
If you have not spent a lot of time in Egilsstadir, you should rent before even thinking about buying. We asked expats there about the buy vs. rent decision:
"The decision to buy or rent a home in Egilsstadir, depends on several factors, including your financial situation, long-term plans, and personal preferences. If you plan to stay in Egilsstadir for an extended period and have the financial means to purchase a home, buying may be a good investment. Owning a home allows you to build equity, customize your living space, and potentially benefit from the appreciation of property values over time. Additionally, mortgage interest rates in Iceland are relatively low, which could make buying a home more affordable. On the other hand, if you are unsure about your long-term plans or prefer the flexibility of renting, renting a home may be a better option. Renting allows you to move more easily if your circumstances change, and you won't have to worry about property maintenance or fluctuating housing market conditions. Renting can also be more affordable in the short term, as you won't need to save for a down payment or pay for closing costs associated with purchasing a home. Ultimately, the decision to buy or rent a home in Egilsstadir depends on your individual circumstances and preferences. It's essential to carefully consider your financial situation, long-term plans, and the local housing market before making a decision," explained one expat living in Egilsstadir, Iceland.
What cultural faux pas should I try to avoid making in Egilsstadir?
We asked people in Egilsstadir if they could share any humorous cultural blunders they commited. For new expats, keep in mind that these incidents are an inevitable part of expat life. Learning to laugh about them is the key!:
"In Egilsstadir, it's considered rude to not remove your shoes when entering someone's home. It's also important to respect the local belief in elves and hidden people, as many Icelanders take these folklore tales seriously. Avoid comparing Iceland to Greenland or any other Nordic countries, as Icelanders are proud of their unique culture and heritage. It's also considered impolite to litter or harm the environment in any way, as Icelanders are very environmentally conscious. Public drunkenness is frowned upon, despite the popularity of alcohol. Lastly, tipping is not customary in Iceland, so avoid leaving extra money at restaurants or for services," said one expat in Egilsstadir.
About the Author
Joshua Wood, LPC is one of the Founders of Digital Nomad Exchange and serves as Co-President of Expat Exchange. Prior to Expat Exchange and Digital Nomad 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.
SJB Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model.
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SJB Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model.
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