Is the cost of living in Vik high?

"The cost of living in Vik is considered to be relatively high, similar to the rest of the country. Housing is one of the biggest expenses, with rental prices being quite steep, especially for larger homes. Utilities such as electricity, heating, and internet are also quite costly. Groceries in Vik can be expensive as well, with imported goods being particularly high-priced. Eating out at restaurants is also a significant expense, with a meal at an inexpensive restaurant costing more than in many other countries. Transportation costs can also add up, with gasoline prices being high. However, the town is small enough that many residents can walk or bike to their destinations. Healthcare in Iceland is of high quality, but it comes at a high cost. However, residents are covered by a universal healthcare system, which mitigates some of these costs. Despite the high cost of living, many residents feel that the quality of life, safety, and natural beauty of Vik and Iceland as a whole make it worth the expense," remarked another expat in Iceland.