Is the cost of living in Hofn high?

"The cost of living in Hofn 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 accommodations. Grocery prices are also high due to the fact that most food items are imported. Eating out at restaurants can be expensive as well, with meals at mid-range restaurants costing significantly more than in other countries. Transportation costs, including fuel and public transport, are also high. However, the cost of utilities such as electricity, heating, and internet is relatively reasonable. Healthcare is generally of high quality and is mostly covered by the state, although private health insurance can also be costly. Despite the high cost of living, salaries in Hofn and Iceland in general are also higher than the global average, which somewhat balances out the expenses. However, it's worth noting that the high cost of living can still be a challenge for those on a lower income or with a large family," remarked another expat in Hofn, Iceland.