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Egilsstadir, Iceland: Cost of Living, Healthcare, Local Clubs and Activities, Healthcare and What to Know About Living in Egilsstadir | Digital Nomad Exchange
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Egilsstadir, Iceland

By Joshua Wood, LPC

Last updated on Jun 08, 2024

Summary: Expats, digital nomads and retirees discuss what it is like to live in Egilsstadir, Iceland: Cost of living, Finding a home, Meeting People and more.

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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," remarked one expat living in Egilsstadir, Iceland.

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.

Where should I setup a bank account in Egilsstadir?

We asked expats in Egilsstadir what banks they use and there advice about banking. They advised:

"Expats considering retirement in Egilsstadir should be aware of several key factors. Firstly, the cost of living in Iceland is relatively high, with groceries, dining out, and utilities being more expensive than in many other countries. The climate in Egilsstadir is subarctic, meaning it has short, cool summers and long, cold winters, which may not be suitable for everyone. The official language is Icelandic, and while English is widely spoken, learning some Icelandic can be beneficial for integrating into the community. Healthcare in Iceland is of a high standard, but it's important to understand the system and ensure you have adequate health insurance. The process of obtaining residency in Iceland can be complex and time-consuming, so it's advisable to start this process well in advance of your planned retirement. Iceland is known for its stunning natural beauty, and Egilsstadir is no exception, with opportunities for outdoor activities such as hiking, fishing, and bird watching. However, it's a small town with a population of just over 2,000 people, so it may not offer the same level of amenities or social activities as a larger city. Finally, it's important to understand the tax implications of retiring in Iceland, as the country has a progressive income tax system and also taxes pension income. It's advisable to consult with a financial advisor or tax professional before making the move," said one expat who made the move to Egilsstadir.

What do expats in Egilsstadir appreciate most about the local culture?

"Expats in Egilsstadir often appreciate the strong sense of community and the friendly, welcoming nature of the locals. They enjoy the slow pace of life, which allows for a greater focus on personal well-being and quality of life. The local culture's deep respect for nature and the environment is also highly valued, as is the emphasis on sustainability and green living. Expats also appreciate the rich Icelandic traditions, folklore, and the local arts scene. The safety and cleanliness of the town, along with the stunning natural beauty of the surrounding landscapes, are also highly appreciated. The local food culture, particularly the emphasis on fresh, locally sourced ingredients, is another aspect that expats in Egilsstadir find appealing," commented one expat who made the move to Egilsstadir.

What do expats find most challenging?

"Expats in Egilsstadir often find the language barrier to be the most challenging aspect of the local culture. Icelandic is a complex language with unique phonetics and grammar, making it difficult for foreigners to learn and understand. The weather can also be a challenge, as Egilsstadir is known for its cold, windy, and unpredictable climate. This can make daily life and travel difficult, especially for those who are not used to such conditions. The isolation of Egilsstadir, being located in a remote part of the country, can also be a challenge. This can lead to feelings of loneliness and disconnect from the rest of the world. Additionally, the local culture in Egilsstadir is deeply rooted in tradition and history, which can be difficult for expats to fully understand and appreciate. This can lead to feelings of being an outsider and difficulty in fully integrating into the community. Lastly, the cost of living in Iceland is high, and Egilsstadir is no exception. This can be a significant challenge for expats, especially those who are not earning a local income," remarked one expat living in Egilsstadir, Iceland.

Is there a lot of crime in Egilsstadir?

We asked people if there is a lot of crime. They answered:

"Egilsstadir is generally considered a safe town with a low crime rate. Like most places in Iceland, it is known for its peaceful environment and the safety it offers to both residents and visitors. Violent crimes are particularly rare, and petty crimes such as theft or vandalism are not common either. The local police force is efficient and responsive, contributing to the overall sense of security in the town. However, as with any location, it is always advisable for individuals to take basic precautions to protect their personal safety and belongings," commented one expat who made the move to Egilsstadir.

About the Author

Joshua Wood 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.

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