Moving to Iceland from Montenegro

moving to

What to Expect

A comprehensive look at what changes when you move from Montenegro to Iceland — from daily expenses to quality of life.

If you moved from Montenegro to Iceland, you would find that Iceland is 2.3 times more expensive than Montenegro overall. A €65,700 salary in Montenegro would need to be roughly ISK21,917,395 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 69°F in Podgorica, making it significantly cooler.

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How Far Will Your Money Go?

How your spending power changes when you relocate from Montenegro to Iceland.

What does your salary buy?

€65,700 ISK21,917,395

To maintain the same standard of living in Iceland

Calculate with your salary →

The biggest cost differences at a glance

Restaurants

pay 89.0% more

Groceries

pay 2.3 times more

Transportation

pay 95.8% more

Housing

pay 2.6 times more

Childcare

pay 2.5 times more

Entertainment and Sports

pay 2.8 times more

See full cost of living breakdown
Exchange rate: 1 EUR = 143.42 ISK (July 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?

Real numbers on people moving from Montenegro to Iceland, and how the trend has changed.

Moved in 2023
4 ↓ 33% vs 2022

people moved from Montenegro 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

How Montenegro and Iceland stack up on safety, healthcare, jobs, and infrastructure.

Is it safe?

Homicide rate United Nations SDG Indicators, 2022

per 100,000 people per year

ME
2.5
IS
1.1
Road traffic deaths United Nations SDG Indicators, 2021

per 100,000 people per year

ME
9.1
IS
2.4

Iceland performs significantly better than Montenegro across all safety metrics.

How's the healthcare?

Healthcare spending per person World Bank, 2024

annual government + private spending per person

ME
$2,908
IS
$6,927
Doctors per 10,000 people United Nations SDG Indicators, 2022

affects wait times and access to care

ME
27.5
IS
45.2

Iceland generally does better on health & wellbeing, though Montenegro leads in healthcare spending per person.

What about the environment?

Air pollution deaths United Nations SDG Indicators, 2019

deaths attributable to air pollution per 100k people

ME
60.0
IS
8.0

Iceland performs significantly better than Montenegro across all environment metrics.

Will I have good infrastructure?

Broadband per 100 people United Nations SDG Indicators, 2022

fixed broadband subscriptions — key for remote work

ME
31.3
IS
38.2
Electricity per capita World Bank, 2023

annual consumption — reflects grid capacity

ME
4,564 kWh
IS
50,951 kWh

Iceland performs significantly better than Montenegro across all infrastructure metrics.

What are the job prospects?

Unemployment rate The World Factbook, 2023

percentage of the labour force without work

ME
15.2%
IS
3.6%
GDP per capita The World Factbook, 2023

a broad measure of economic output per person

ME
$27,800
IS
$66,500

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

Is it good for families?

Life expectancy The World Factbook, 2022

average years of life at birth

ME
77.8 yrs
IS
83.6 yrs
Infant mortality The World Factbook, 2022

deaths per 1,000 live births — lower is better

ME
3.2
IS
1.6

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

Data: Department of Public Revenues, Montenegro, The World Factbook, United Nations SDG Indicators, World Bank

What's the Climate Like?

Monthly averages — select a city to compare.

Podgorica Rain: 65.4 in/yr (1661 mm)
69° / 51°F

Avg. annual high / low

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

Avg. annual high / low

Months Podgorica Reykjavik
Jan–Mar 53°/38°F (12°/3°C) 37°/28°F (3°/-2°C)
Apr–Jun 75°/56°F (24°/13°C) 48°/38°F (9°/4°C)
Jul–Sep 86°/66°F (30°/19°C) 54°/45°F (12°/7°C)
Oct–Dec 61°/45°F (16°/7°C) 39°/31°F (4°/-1°C)
View all months
Month Podgorica Reykjavik
Jan 49°/35°F (9.5°/1.4°C) 35°/27°F (1.9°/-3.0°C)
Feb 52°/38°F (11.3°/3.1°C) 37°/28°F (2.8°/-2.1°C)
Mar 59°/42°F (15.1°/5.8°C) 38°/28°F (3.2°/-2.0°C)
Apr 66°/48°F (19.1°/9.1°C) 42°/33°F (5.7°/0.4°C)
May 76°/56°F (24.3°/13.5°C) 49°/38°F (9.4°/3.6°C)
Jun 83°/63°F (28.2°/17.3°C) 53°/44°F (11.7°/6.7°C)
Jul 89°/69°F (31.8°/20.3°C) 56°/47°F (13.3°/8.3°C)
Aug 89°/68°F (31.7°/20.2°C) 55°/46°F (13.0°/7.9°C)
Sep 81°/62°F (27.3°/16.5°C) 50°/41°F (10.1°/5.0°C)
Oct 71°/53°F (21.7°/11.6°C) 44°/36°F (6.8°/2.2°C)
Nov 60°/44°F (15.4°/6.8°C) 38°/30°F (3.4°/-1.3°C)
Dec 52°/37°F (11.1°/2.9°C) 36°/27°F (2.2°/-2.8°C)

Data: Institute of Hydrometeorology and Seismology Institute of Hydrometeorology and Seismology, Icelandic Meteorological Office Icelandic Meteorological Office

Visitor Visa Requirements

Short-stay tourist visa rules between Montenegro 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.

Montenegro passport

Montenegro passport holder visiting Iceland

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

Iceland passport holder visiting Montenegro

Visa Free
Iceland passport holders can enter Montenegro 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 Iceland than Montenegro?

Day-to-day costs in Iceland run about 133% higher than Montenegro on average; specific cities can swing further.

How much money do I need to move to Iceland?

A safe rule of thumb is 3 months of local expenses plus relocation costs. On a €65,700 comparable salary, that's around ISK5,479,349 in Iceland for everyday spending, before flights, shipping, a rental deposit, and visa fees.

Can I work remotely from Iceland?

With 38.2 fixed broadband subscriptions per 100 people, Iceland can support video calls in major cities. The hard part is paperwork — visa category, employer policy on overseas staff, and tax residency in Montenegro and Iceland.

Is Iceland safe for expats?

Iceland performs significantly better than Montenegro across all safety metrics. The homicide rate in Iceland is 1.1 per 100,000 people, compared to 2.5 in Montenegro.

How is healthcare in Iceland compared to Montenegro?

Iceland generally does better on health & wellbeing, though Montenegro leads in healthcare spending per person. There are 45.2 doctors per 10,000 people in Iceland, compared to 27.5 in Montenegro. Iceland scores 89 on the WHO universal health coverage index (Montenegro: 72).

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

The average high temperature in Reykjavik is 45°F, compared to 69°F in Podgorica. Reykjavik receives around 31.4 in of rainfall per year, while Podgorica gets 65.4 in.

What language do they speak in Iceland?

The official language in Iceland is Icelandic. In Montenegro, the official language is Montenegrin.

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At a Glance

ME IS
Population 604,966 357,603
Currency Euro (€) Icelandic Króna (ISK)
Languages Montenegrin Icelandic
Driving side Right Right
Calling code +382 +354
Time zones 1 1
Emergency number 112 112