I am planning on taking my honeymoon in iceland and staying for about a month, and potentially moving there afterwards if I could arrange all the work and residence permits. I would like to know how much the cost of living is monthly there with the falling economy. Thank you.
Other - Europe - 2 Answers
Random Answers, Critics, Comments, Opinions :
1 :
I am guessing you are from outside the EU based on your other questions, if this is incorrect then let me know and I will edit my answer. The falling economy hasn't changed prices much within Iceland, only the rate of conversion with other currencies. In fact, prices have risen in many instances. The cheapest you can get a small 1-bedroom flat in central Reykjavik is about 100.000kr, which is almost $900 at current conversion rates. I would say minimum cost of living is 2 or 3 times that, unless you live rural. Food is very expensive. With the current job market, it won't be easy to arrange a work permit unless you have highly qualified, specialized skills. You can also get a work permit if there is a labour shortage (unlikely, with unemployment rising to near 6%). Without speaking Icelandic, it will be difficult to get any sort of work. http://www.utl.is/english/residence-permits/outside-the-eea/workpermit/ Unless you are self-employed with a stable, reliable career, now is probably not the time to move to Iceland. Immigrants are leaving in droves because there's no work and no money, and I've seen an increase in the number of Icelandic immigrants here in Norway lately. Prices are skyrocketing, and while it is cheaper for foreigners now than previously, it's still very expensive. A decent restaurant dinner costs at minimum $15-30. If you need a comparison, costs have dropped from maybe Oslo prices to Dublin prices. It's still comparable or more expensive than NYC.
2 :
It's cheap couse you can get more icelandic coins for an dollar than year ago and icelandic wares haven't gone up. only wares from other countries gone up. so if you buy icelandic wares you stay cheap. but it's expensive for us icelanders to live here
