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Expat Exchange - Pros and Cons of Living in Iceland 2024
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Pros and Cons of Living in Iceland

By Betsy Burlingame

AGS Worldwide Movers
AGS Worldwide Movers

Summary: If you're moving to Iceland, it's important to learn about both the Pros AND Cons of living in Iceland.

Living in Iceland - Pros and Cons of Living in Iceland

Moving to a new country is a life-changing decision that requires careful consideration of various factors. Iceland, with its stunning landscapes and unique culture, has become an increasingly popular destination for those seeking a change of pace and scenery. But what is it really like to live among the glaciers, geysers, and Northern Lights? In this feature, we delve into the pros and cons of setting up home in this Nordic island nation, providing insights from those who have made the leap and the realities that await newcomers.

Pros of Living in Iceland

Iceland is often romanticized for its otherworldly beauty, and rightly so. The nation's landscapes are as diverse as they are breathtaking, with active volcanoes, sprawling glaciers, and hot springs that have captivated the hearts of locals and visitors alike. But beyond the picturesque scenery, there are many advantages to living in this remote part of the world. One of the most significant benefits is the sense of safety and security. Iceland consistently ranks as one of the safest countries in the world. Crime rates are remarkably low, and the police force is known for its approachability and efficiency. This sense of safety extends into the night, where residents feel comfortable walking alone, and children play freely without the constant supervision that might be necessary elsewhere. The quality of life in Iceland is also exceptional. The country boasts a robust healthcare system that is accessible to all residents. Healthcare services are largely funded through taxation, ensuring that everyone, regardless of income, has access to the medical care they need. This egalitarian approach to health extends to education, with the nation offering a high standard of schooling at all levels, from preschool to university. Iceland's commitment to gender equality is another compelling reason to consider moving there. The country has been a pioneer in establishing policies that promote equal rights and opportunities for all genders. This progressive stance is reflected in the workplace, where there are laws to ensure equal pay and parental leave policies that encourage both parents to share childcare responsibilities. The work-life balance in Iceland is enviable. With a standard working week of around 40 hours and a culture that discourages overtime, residents have ample time to enjoy their personal lives. This balance is further supported by the abundance of public holidays and a generous vacation allowance, allowing individuals to recharge and spend quality time with family and friends. Environmental consciousness is deeply ingrained in Icelandic society. The country is a leader in sustainable energy, with nearly all of its electricity and heating coming from renewable sources such as geothermal and hydroelectric power. This commitment to the environment is not just governmental; it's a way of life that is embraced by the population, who take pride in their clean air and water. The sense of community in Iceland is strong, with a population of just over 360,000 people. There's a camaraderie that comes from living on an island where everyone seems to know each other or at least shares mutual acquaintances. This closeness fosters a supportive environment where people are quick to help one another, whether it's assisting a neighbor during a snowstorm or coming together to celebrate local festivals. Culturally, Iceland is a treasure trove of traditions, literature, and arts. The country has a rich history of storytelling, with its sagas dating back to the Viking Age. Today, this legacy continues with a vibrant literary scene and a high rate of book publishing per capita. Music and arts festivals are frequent, showcasing both local and international talent, and providing residents with a diverse array of cultural experiences. For those who love the great outdoors, Iceland is a paradise. The country offers endless opportunities for adventure, from hiking and horseback riding in the summer to skiing and snowboarding in the winter. The unique geology of the island also provides rare experiences such as ice caving, glacier walking, and, of course, the chance to witness the awe-inspiring Northern Lights.

Cons of Living in Iceland

Despite its many attractions, life in Iceland is not without its challenges. One of the most significant drawbacks is the cost of living, which is among the highest in the world. Everything from groceries to gasoline carries a hefty price tag due to the nation's remote location and reliance on imports for many goods. Housing, in particular, can be expensive, with rental and purchase prices in the capital, Reykjavik, comparable to those in major cities like New York or London. The weather in Iceland can be a formidable adversary. The country's position just below the Arctic Circle means that winters are long, dark, and cold. Residents must contend with only a few hours of daylight during the winter months, which can lead to seasonal affective disorder (SAD) for some individuals. Summers, while milder, can still be unpredictable, with rain and cool temperatures a common occurrence. Isolation is another factor to consider when moving to Iceland. The island's remote location can make travel to and from other countries both time-consuming and expensive. This can be particularly challenging for those with family and friends abroad or for expatriates who are used to more accessible international travel. The language barrier is a hurdle for many newcomers. While most Icelanders speak excellent English, Icelandic is the official language and is used in all official communications, including legal and government documents. Learning Icelandic can be daunting due to its complex grammar and vocabulary, which can make integration into the community and workforce more difficult for non-native speakers. The job market in Iceland is relatively small and can be competitive, especially for those seeking employment outside of tourism and service industries. The economy is also susceptible to fluctuations, as seen in the 2008 financial crisis, which hit Iceland particularly hard. While the country has since recovered, the experience serves as a reminder of the potential volatility of small economies. Cultural adaptation can take time, and some expatriates may experience a sense of culture shock. Icelandic society is tight-knit, and social norms may differ from what newcomers are accustomed to. For instance, the directness of communication in Iceland can be perceived as blunt or even rude by those from more reserved cultures. Lastly, while the sense of community is strong, it can sometimes feel exclusive to outsiders. Breaking into established social circles may require patience and effort. The small population also means that privacy can be limited, with everyone knowing each other's business, which might be overwhelming for those used to more anonymity. Living in Iceland is a unique experience that offers a blend of natural beauty, safety, and quality of life that is hard to match. However, it also presents practical and social challenges that require consideration. Those willing to embrace the Icelandic way of life, with all its quirks and idiosyncrasies, may find themselves richly rewarded by this land of fire and ice.

About the Author

Betsy Burlingame Betsy Burlingame is the Founder and President of Expat Exchange and is one of the Founders of Digital Nomad Exchange. She launched Expat Exchange in 1997 as her Master's thesis project at NYU. Prior to Expat Exchange, Betsy worked at AT&T in International and Mass Market Marketing. She graduated from Ohio Wesleyan University with a BA in International Business and German.

Some of Betsy's articles include 12 Best Places to Live in Portugal, 7 Best Places to Live in Panama and 12 Things to Know Before Moving to the Dominican Republic. Betsy loves to travel and spend time with her family. Connect with Betsy on LinkedIn.


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