Moving to Iceland from Minnesota

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What to Expect

Everything you need to know before relocating from Minnesota to Iceland — costs, safety, healthcare, and practical first steps.

If you moved from Minnesota to Iceland, you would find that Iceland is 47.1% more expensive than Minnesota. A $75,000 salary in Minnesota would need to be roughly ISK13,400,000 in Iceland to maintain the same lifestyle, and you’d need to navigate life in Icelandic. Expect a noticeable climate shift — Reykjavik averages 45°F vs 55°F in Minneapolis, making it significantly cooler.

Planning this move? Get up to 5 free, no-obligation quotes from vetted international movers. Get free quotes ↓

Is Iceland cheaper than Minnesota?

Where you'll feel the difference day-to-day

Restaurants

pay 65.2% more

Groceries

pay 24.6% more

Transportation

pay 57.6% more

Housing

pay 51.7% more

Childcare

pay 2.8% less

Entertainment and Sports

pay 43.1% more

See full cost of living breakdown
Exchange rate: 1 USD = 121.78 ISK (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.

What salary do you need in Iceland?

What does your salary buy?

$75,000 → ISK13,400,000

To maintain the same standard of living in Iceland

Calculate with your salary →

Get free moving quotes to Iceland

We've teamed up with a vetted network of international movers to help MyLifeElsewhere readers plan their move with confidence. Tell us about your move and get up to 5 free, no-obligation quotes in under 2 minutes.

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Who Else Is Making This Move?

How many people actually move from Minnesota to Iceland, based on official data.

Moved in 2023
366

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

Who's moving to Iceland?

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

Foreign-born population · UN DESA (2020)

Key Indicator Comparison

Key indicators for anyone considering a move from Minnesota to Iceland.

How's the healthcare?

Adult obesity rate Centers for Disease Control and Prevention (PLACES), 2024

share of adults with obesity

MN
33.9%
IS
22.2%

Iceland performs significantly better than Minnesota across all health & wellbeing metrics.

Will I have good infrastructure?

Internet access US Census Bureau (American Community Survey), 2024

share of households with internet

MN
91.0%
IS
98.2%

Iceland performs significantly better than Minnesota across all infrastructure metrics.

What are the job prospects?

Unemployment rate Bureau of Labor Statistics, 2025

percentage of the labour force without work

MN
4.3%
IS
3.6%
GDP per capita Bureau of Economic Analysis, 2025

a broad measure of economic output per person

MN
$68,478
IS
$98,323

Iceland generally does better on employment & economy, though Minnesota leads in poverty rate.

Is it good for families?

Life expectancy OECD Regional Demography, 2024

average years of life at birth

MN
79.1 yrs
IS
82.8 yrs

Iceland performs significantly better than Minnesota across all family life metrics.

Weather in Iceland vs Minnesota

Monthly averages — select a city to compare.

Minneapolis Rain: 30.6 in/yr (778 mm)
55° / 37°F

Avg. annual high / low

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

Avg. annual high / low

Months Minneapolis Reykjavik
Jan–Mar 31°/15°F (0°/-10°C) 37°/28°F (3°/-2°C)
Apr–Jun 69°/48°F (20°/9°C) 48°/38°F (9°/4°C)
Jul–Sep 78°/59°F (26°/15°C) 54°/45°F (12°/7°C)
Oct–Dec 42°/26°F (6°/-3°C) 39°/31°F (4°/-1°C)
View all months
Month Minneapolis Reykjavik
Jan 24°/8°F (-4.6°/-13.6°C) 35°/27°F (1.9°/-3.0°C)
Feb 29°/13°F (-1.7°/-10.7°C) 37°/28°F (2.8°/-2.1°C)
Mar 41°/24°F (5.2°/-4.3°C) 38°/28°F (3.2°/-2.0°C)
Apr 58°/37°F (14.3°/2.9°C) 42°/33°F (5.7°/0.4°C)
May 69°/49°F (20.8°/9.4°C) 49°/38°F (9.4°/3.6°C)
Jun 79°/59°F (26.0°/14.9°C) 53°/44°F (11.7°/6.7°C)
Jul 83°/64°F (28.6°/17.8°C) 56°/47°F (13.3°/8.3°C)
Aug 80°/62°F (26.9°/16.6°C) 55°/46°F (13.0°/7.9°C)
Sep 72°/52°F (22.1°/11.3°C) 50°/41°F (10.1°/5.0°C)
Oct 58°/40°F (14.4°/4.3°C) 44°/36°F (6.8°/2.2°C)
Nov 41°/26°F (5.1°/-3.2°C) 38°/30°F (3.4°/-1.3°C)
Dec 27°/12°F (-2.7°/-10.9°C) 36°/27°F (2.2°/-2.8°C)

Data: National Weather Service National Weather Service, Icelandic Meteorological Office Icelandic Meteorological Office

Can you move from Minnesota to Iceland?

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

United States passport

United States passport holder visiting Iceland

Visa Free
United States passport holders can enter Iceland without a visa.
Iceland passport

Iceland passport holder visiting United States

Electronic Travel Authorisation
Iceland passport holders need an electronic travel authorisation (ETA) to enter United States.

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 Iceland than Minnesota?

No — Iceland is on average about 47% more expensive than Minnesota. City-level variation matters.

How much money do I need to move to Iceland?

Plan for at least 3 months of living expenses — roughly ISK3,350,000 in Iceland on a $75,000 comparable salary — plus one-off moving costs (flights, shipping, a rental deposit, and visa fees).

Can I work remotely from Iceland?

Usually fine from major cities in Iceland. The harder questions are legal — digital nomad visa eligibility, your employer's overseas-work policy, and tax residency in both countries.

How is healthcare in Iceland compared to Minnesota?

Iceland performs significantly better than Minnesota across all health & wellbeing metrics.

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

The average high temperature in Reykjavik is 45°F, compared to 55°F in Minneapolis. Reykjavik receives around 31.4 in of rainfall per year, while Minneapolis gets 30.6 in.

What language do they speak in Iceland?

The official language in Iceland is Icelandic. In Minnesota, the official language is English.

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At a Glance

IS
Population 5,830,405 392,404
Currency United States Dollar ($) Icelandic Króna (ISK)
Languages English Icelandic
Driving side Right Right
Calling code +1 +354
Time zones 11 1
Emergency number 911 112