![]() ![]() Reykjavik is the capital of Iceland and its largest city, the centre of cultural, economic, and governmental activity There are also ways to get a residence permit for family reunification. To move to Iceland, you can enter an Icelandic university or get a job. According to the Numbeo cost of living calculator, a single person's estimated monthly costs are ISK 155,618 (€1,109) without rent for a family of four, ISK 573,962 (€4,091). The average salary in Iceland is ISK 770,000 (€5,500) per month. Iceland is the largest electricity producer per capita, which makes electricity relatively cheap there and allows producing a large number of aluminium products for export. More than 99% of electricity is produced from renewable sources of energy: about 73% comes from hydropower and 27% from geothermal power. ![]() Iceland’s strongest point is renewable energy. Other vital sectors are aluminium smelting and fishing. The largest sector of the Icelandic economy is tourism: it accounts for about one-third of the GDP. ![]()
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