Moving to Iceland from Spain
What to Expect
Considering a move from Spain to Iceland? Here's how the two compare on cost, climate, safety, and more.
If you moved from Spain to Iceland, you would find that Iceland is 93.2% more expensive than Spain overall. A €65,700 salary in Spain would need to be roughly ISK18,069,545 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 68°F in Madrid, making it significantly cooler.
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A breakdown of how everyday costs differ between Spain and Iceland.
What does your salary buy?
€65,700 → ISK18,069,545
To maintain the same standard of living in Iceland
Calculate with your salary →How key spending categories compare
Restaurants
pay 64.1% more
Groceries
pay 82.7% more
Transportation
pay 63.9% more
Housing
pay 2.1 times more
Childcare
pay 2.2 times more
Entertainment and Sports
pay 2.3 times more
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 Spain to Iceland.
Who's moving to Iceland?
Top countries of origin for Iceland's foreign-born residents.
- 21,102
- 3,918
- 3,171
- 2,604
- 2,357
- 2,284
- · · ·
-
14.991
Spain
Key Indicator Comparison
The numbers behind daily life in Iceland compared to Spain.
Is it safe?
per 100,000 people per year
of residents who feel safe walking alone at night
per 100,000 people per year
Iceland generally does better on safety, though Spain leads in homicide rate.
How's the healthcare?
annual government + private spending per person
affects wait times and access to care
WHO index from 0–100 measuring essential service access
share of adults with obesity
per 100,000 people — a proxy for mental health support
Iceland generally does better on health & wellbeing, though Spain leads in healthcare spending per person.
What about the environment?
deaths attributable to air pollution per 100k people
tonnes of CO₂ emitted per person per year
Spain generally does better on environment, though Iceland leads in air pollution deaths.
Will I have good infrastructure?
fixed broadband subscriptions — key for remote work
higher means greater strain on freshwater supply
annual consumption — reflects grid capacity
share of households with internet
Iceland performs significantly better than Spain across all infrastructure metrics.
What are the job prospects?
percentage of the labour force without work
a broad measure of economic output per person
the highest marginal rate on personal income
share of people below the poverty line
Iceland generally does better on employment & economy, though Spain leads in top income tax rate.
Is it good for families?
average years of life at birth
deaths per 1,000 live births — lower is better
government spending on education as % of GDP
Iceland performs significantly better than Spain across all family life metrics.
Data: Agencia Tributaria, Spain, The World Factbook, United Nations SDG Indicators, World Bank
What's the Climate Like?
Monthly averages — select a city to compare.
Avg. annual high / low
Avg. annual high / low
| Months | Madrid | Reykjavik |
|---|---|---|
| Jan–Mar | 55°/40°F (13°/4°C) | 37°/28°F (3°/-2°C) |
| Apr–Jun | 73°/53°F (23°/12°C) | 48°/38°F (9°/4°C) |
| Jul–Sep | 86°/64°F (30°/18°C) | 54°/45°F (12°/7°C) |
| Oct–Dec | 58°/44°F (14°/7°C) | 39°/31°F (4°/-1°C) |
View all months
| Month | Madrid | Reykjavik |
|---|---|---|
| Jan | 50°/37°F (9.8°/2.7°C) | 35°/27°F (1.9°/-3.0°C) |
| Feb | 54°/39°F (12.0°/3.7°C) | 37°/28°F (2.8°/-2.1°C) |
| Mar | 61°/43°F (16.3°/6.2°C) | 38°/28°F (3.2°/-2.0°C) |
| Apr | 65°/46°F (18.2°/7.7°C) | 42°/33°F (5.7°/0.4°C) |
| May | 72°/52°F (22.2°/11.3°C) | 49°/38°F (9.4°/3.6°C) |
| Jun | 83°/61°F (28.2°/16.1°C) | 53°/44°F (11.7°/6.7°C) |
| Jul | 90°/66°F (32.1°/19.0°C) | 56°/47°F (13.3°/8.3°C) |
| Aug | 88°/66°F (31.3°/18.8°C) | 55°/46°F (13.0°/7.9°C) |
| Sep | 80°/60°F (26.4°/15.4°C) | 50°/41°F (10.1°/5.0°C) |
| Oct | 67°/51°F (19.4°/10.7°C) | 44°/36°F (6.8°/2.2°C) |
| Nov | 56°/43°F (13.5°/6.2°C) | 38°/30°F (3.4°/-1.3°C) |
| Dec | 50°/38°F (10.0°/3.6°C) | 36°/27°F (2.2°/-2.8°C) |
Data:
Agencia Estatal de Meteorología,
Icelandic Meteorological Office
Visitor Visa Requirements
Short-stay tourist visa rules between Spain 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.
Spain passport holder visiting Iceland
Visa Free
Iceland passport holder visiting Spain
Visa FreeData: 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 Spain?
On average Iceland is around 92% pricier than Spain, with notable variation by city.
How much money do I need to move to Iceland?
Budget about ISK4,517,386 for 3 months in Iceland (based on a €65,700 comparable annual salary), then add the one-off costs: flights, shipping, a rental deposit, and visa fees.
Can I work remotely from Iceland?
Connectivity is usually fine (Iceland: 38.2 fixed broadband per 100). What actually decides it is legal: does Iceland offer a digital nomad visa, will your employer permit overseas work, and where are you tax-resident?
Is Iceland safe for expats?
Iceland generally does better on safety, though Spain leads in homicide rate. The homicide rate in Iceland is 1.1 per 100,000 people, compared to 0.7 in Spain. About 91% of people in Iceland feel safe walking alone at night.
How is healthcare in Iceland compared to Spain?
Iceland generally does better on health & wellbeing, though Spain leads in healthcare spending per person. There are 45.2 doctors per 10,000 people in Iceland, compared to 44.8 in Spain. Iceland scores 89 on the WHO universal health coverage index (Spain: 85).
What's the weather like in Iceland compared to Spain?
The average high temperature in Reykjavik is 45°F, compared to 68°F in Madrid. Reykjavik receives around 31.4 in of rainfall per year, while Madrid gets 16.6 in.
What language do they speak in Iceland?
The official language in Iceland is Icelandic. In Spain, the official languages are Basque, Catalan, Galician and Spanish.
