Moving to Spain from Iceland

moving to

What to Expect

Considering a move from Iceland to Spain? Here's how the two compare on cost, climate, safety, and more.

If you moved from Iceland to Spain, you would find that Spain is 47.3% cheaper than Iceland overall. A ISK9,200,000 salary in Iceland would need to be roughly €35,400 in Spain to maintain the same lifestyle, and you’d need to navigate life in Basque, Catalan, Galician and Spanish. Expect a noticeable climate shift — Madrid averages 68°F vs 45°F in Reykjavik, making it significantly warmer.

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How Far Will Your Money Go?

A breakdown of how everyday costs differ between Iceland and Spain.

What does your salary buy?

ISK9,200,000 → €35,400

To maintain the same standard of living in Spain

Calculate with your salary →

How key spending categories compare

Restaurants

pay 45.3% less

Groceries

pay 40.7% less

Transportation

pay 36.9% less

Housing

pay 52.1% less

Childcare

pay 56.6% less

Entertainment and Sports

pay 56.1% less

See full cost of living breakdown
Exchange rate: 1 ISK = 0.0073 EUR (October 2026)

Data: MyLifeElsewhere's crowdsourced cost of living database, with prices submitted and updated by users worldwide. Exchange rates are refreshed regularly from public sources.

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Who Else Is Making This Move?

What the data shows about people moving from Iceland to Spain.

Moved in 2019
367 ↑ 11% vs 2018

people moved from Iceland to Spain · OECD (latest data available)

Who's moving to Spain?

Top countries of origin for Spain's foreign-born residents.

Foreign-born population · UN DESA (2020)

Key Indicator Comparison

The numbers behind daily life in Spain compared to Iceland.

Is it safe?

Homicide rate World Bank, 2023

per 100,000 people per year

IS
1.3
ES
0.7
Feel safe walking at night United Nations SDG Indicators, 2022

of residents who feel safe walking alone at night

IS
91%
ES
78%

Iceland generally does better on safety, though Spain leads in homicide rate.

How's the healthcare?

Healthcare spending per person World Bank, 2024

annual government + private spending per person

IS
$6,927
ES
$4,935
Doctors per 10,000 people World Bank, 2023

affects wait times and access to care

IS
43.7
ES
42.9

Spain generally does better on health & wellbeing, though Iceland leads in doctors per 10,000 people.

What about the environment?

Air pollution deaths United Nations SDG Indicators, 2019

deaths attributable to air pollution per 100k people

IS
8.0
ES
10.0
CO₂ emissions per capita World Bank, 2024

tonnes of CO₂ emitted per person per year

IS
8.5t
ES
4.5t

Iceland generally does better on environment, though Spain leads in co₂ emissions per capita.

Will I have good infrastructure?

Broadband per 100 people World Bank, 2024

fixed broadband subscriptions — key for remote work

IS
37.5
ES
39.2
Water stress level World Bank, 2022

higher means greater strain on freshwater supply

IS
0.4%
ES
43.2%

Iceland generally does better on infrastructure, though Spain leads in broadband per 100 people.

What are the job prospects?

Unemployment rate World Bank, 2025

percentage of the labour force without work

IS
3.6%
ES
10.4%
GDP per capita World Bank, 2025

a broad measure of economic output per person

IS
$98,323
ES
$38,627

Iceland generally does better on employment & economy, though Spain leads in top income tax rate.

Is it good for families?

Life expectancy World Bank, 2024

average years of life at birth

IS
82.8 yrs
ES
83.9 yrs
Infant mortality World Bank, 2024

deaths per 1,000 live births — lower is better

IS
2.1
ES
2.6

Iceland generally does better on family life, though Spain leads in life expectancy.

Sources: World Bank (2017–2025), United Nations SDG Indicators (2013–2022), World Health Organization (2024), Directorate of Internal Revenue (2016), Agencia Tributaria, Spain (2016). How we calculate this

What's the Climate Like?

Monthly averages — select a city to compare.

Reykjavik Rain: 31.4 in/yr (798 mm)
45° / 35°F

Avg. annual high / low

Madrid Rain: 16.6 in/yr (421 mm)
68° / 50°F

Avg. annual high / low

Months Reykjavik Madrid
Jan–Mar 37°/28°F (3°/-2°C) 55°/40°F (13°/4°C)
Apr–Jun 48°/38°F (9°/4°C) 73°/53°F (23°/12°C)
Jul–Sep 54°/45°F (12°/7°C) 86°/64°F (30°/18°C)
Oct–Dec 39°/31°F (4°/-1°C) 58°/44°F (14°/7°C)
View all months
Month Reykjavik Madrid
Jan 35°/27°F (1.9°/-3.0°C) 50°/37°F (9.8°/2.7°C)
Feb 37°/28°F (2.8°/-2.1°C) 54°/39°F (12.0°/3.7°C)
Mar 38°/28°F (3.2°/-2.0°C) 61°/43°F (16.3°/6.2°C)
Apr 42°/33°F (5.7°/0.4°C) 65°/46°F (18.2°/7.7°C)
May 49°/38°F (9.4°/3.6°C) 72°/52°F (22.2°/11.3°C)
Jun 53°/44°F (11.7°/6.7°C) 83°/61°F (28.2°/16.1°C)
Jul 56°/47°F (13.3°/8.3°C) 90°/66°F (32.1°/19.0°C)
Aug 55°/46°F (13.0°/7.9°C) 88°/66°F (31.3°/18.8°C)
Sep 50°/41°F (10.1°/5.0°C) 80°/60°F (26.4°/15.4°C)
Oct 44°/36°F (6.8°/2.2°C) 67°/51°F (19.4°/10.7°C)
Nov 38°/30°F (3.4°/-1.3°C) 56°/43°F (13.5°/6.2°C)
Dec 36°/27°F (2.2°/-2.8°C) 50°/38°F (10.0°/3.6°C)

Data: Icelandic Meteorological Office Icelandic Meteorological Office, Agencia Estatal de Meteorología Agencia Estatal de Meteorología

Visitor Visa Requirements

Short-stay tourist visa rules between Iceland and Spain. To live, work, or study long-term in Spain, you'll need a separate residence or work visa — check Spain's immigration authority.

Iceland passport

Iceland passport holder visiting Spain

Visa Free
Iceland passport holders can enter Spain without a visa.
Spain passport

Spain passport holder visiting Iceland

Visa Free
Spain passport holders can enter Iceland without a visa.

Data: Henley Passport Index. Check with the destination country's embassy for the most current requirements.

Frequently Asked Questions

Is it cheaper to live in Spain than Iceland?

On average Spain is about 47% less expensive than Iceland, with major cities narrowing the gap.

How much money do I need to move to Spain?

Budget about €8,850 for 3 months in Spain (based on a ISK9,200,000 comparable annual salary), then add the one-off costs: flights, shipping, a rental deposit, and visa fees.

Can I work remotely from Spain?

Connectivity is usually fine (Spain: 39.2 fixed broadband per 100). What actually decides it is legal: does Spain offer a digital nomad visa, will your employer permit overseas work, and where are you tax-resident?

Is Spain safe for expats?

Iceland generally does better on safety, though Spain leads in homicide rate. The homicide rate in Spain is 0.7 per 100,000 people, compared to 1.3 in Iceland. About 78% of people in Spain feel safe walking alone at night.

How is healthcare in Spain compared to Iceland?

Spain generally does better on health & wellbeing, though Iceland leads in doctors per 10,000 people. There are 42.9 doctors per 10,000 people in Spain, compared to 43.7 in Iceland. Spain scores 85 on the WHO universal health coverage index (Iceland: 89).

What's the weather like in Spain compared to Iceland?

The average high temperature in Madrid is 68°F, compared to 45°F in Reykjavik. Madrid receives around 16.6 in of rainfall per year, while Reykjavik gets 31.4 in.

What language do they speak in Spain?

The official languages in Spain are Basque, Catalan, Galician and Spanish. In Iceland, the official language is Icelandic.

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At a Glance

IS ES
Population 392,404 49,355,143
Currency Icelandic Króna (ISK) Euro (€)
Languages Icelandic Basque, Catalan, Galician, Spanish
Driving side Right Right
Calling code +354 +34
Time zones 1 2
Emergency number 112 112