Moving to Iceland from Uruguay

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What to Expect

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

If you moved from Uruguay to Iceland, you would find that Iceland is 83.9% more expensive than Uruguay overall. A UYU3,018,578 salary in Uruguay would need to be roughly ISK18,116,275 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 71°F in Montevideo, making it significantly cooler.

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How Far Will Your Money Go?

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

What does your salary buy?

UYU3,018,578 ISK18,116,275

To maintain the same standard of living in Iceland

Calculate with your salary →

The biggest cost differences at a glance

Restaurants

pay 65.6% more

Groceries

pay 60.5% more

Transportation

pay 36.7% more

Housing

pay 2.6 times more

Childcare

pay 2.2 times more

Entertainment and Sports

pay 2.0 times more

See full cost of living breakdown
Exchange rate: 1 UYU = 3.11 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 Uruguay to Iceland, and how the trend has changed.

Moved in 2023
1 ↓ 50% vs 2022

people moved from Uruguay 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 Uruguay 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

UY
11.2
IS
1.1
Road traffic deaths United Nations SDG Indicators, 2021

per 100,000 people per year

UY
13.0
IS
2.4

Iceland performs significantly better than Uruguay across all safety metrics.

How's the healthcare?

Healthcare spending per person World Bank, 2024

annual government + private spending per person

UY
$3,135
IS
$6,927
Doctors per 10,000 people United Nations SDG Indicators, 2022

affects wait times and access to care

UY
46.3
IS
45.2

Iceland generally does better on health & wellbeing, though Uruguay 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

UY
16.0
IS
8.0
CO₂ emissions per capita World Bank, 2024

tonnes of CO₂ emitted per person per year

UY
2.6t
IS
8.5t

Uruguay generally does better on environment, though Iceland leads in air pollution deaths.

Will I have good infrastructure?

Broadband per 100 people United Nations SDG Indicators, 2022

fixed broadband subscriptions — key for remote work

UY
33.2
IS
38.2
Water stress level United Nations SDG Indicators, 2021

higher means greater strain on freshwater supply

UY
9.8%
IS
0.4%

Iceland performs significantly better than Uruguay across all infrastructure metrics.

What are the job prospects?

Unemployment rate The World Factbook, 2023

percentage of the labour force without work

UY
8.3%
IS
3.6%
GDP per capita The World Factbook, 2023

a broad measure of economic output per person

UY
$30,700
IS
$66,500

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

Is it good for families?

Life expectancy The World Factbook, 2022

average years of life at birth

UY
78.4 yrs
IS
83.6 yrs
Infant mortality The World Factbook, 2022

deaths per 1,000 live births — lower is better

UY
8.3
IS
1.6

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

Data: Dirección General Impositiva, The World Factbook, United Nations SDG Indicators, World Bank

What's the Climate Like?

Monthly averages — select a city to compare.

Montevideo Rain: 43.3 in/yr (1101 mm)
71° / 54°F

Avg. annual high / low

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

Avg. annual high / low

Months Montevideo Reykjavik
Jan–Mar 81°/63°F (27°/17°C) 37°/28°F (3°/-2°C)
Apr–Jun 65°/50°F (19°/10°C) 48°/38°F (9°/4°C)
Jul–Sep 61°/46°F (16°/8°C) 54°/45°F (12°/7°C)
Oct–Dec 75°/57°F (24°/14°C) 39°/31°F (4°/-1°C)
View all months
Month Montevideo Reykjavik
Jan 83°/64°F (28.4°/18.0°C) 35°/27°F (1.9°/-3.0°C)
Feb 82°/64°F (27.5°/17.9°C) 37°/28°F (2.8°/-2.1°C)
Mar 78°/61°F (25.5°/16.2°C) 38°/28°F (3.2°/-2.0°C)
Apr 72°/55°F (22.0°/12.9°C) 42°/33°F (5.7°/0.4°C)
May 65°/50°F (18.6°/10.2°C) 49°/38°F (9.4°/3.6°C)
Jun 59°/46°F (15.1°/7.7°C) 53°/44°F (11.7°/6.7°C)
Jul 59°/45°F (15.0°/7.2°C) 56°/47°F (13.3°/8.3°C)
Aug 61°/46°F (16.2°/7.8°C) 55°/46°F (13.0°/7.9°C)
Sep 64°/48°F (18.0°/9.1°C) 50°/41°F (10.1°/5.0°C)
Oct 69°/53°F (20.5°/11.5°C) 44°/36°F (6.8°/2.2°C)
Nov 75°/58°F (23.7°/14.2°C) 38°/30°F (3.4°/-1.3°C)
Dec 80°/61°F (26.5°/16.3°C) 36°/27°F (2.2°/-2.8°C)

Data: Instituto Uruguayo de Meteorologia Instituto Uruguayo de Meteorologia, Icelandic Meteorological Office Icelandic Meteorological Office

Visitor Visa Requirements

Short-stay tourist visa rules between Uruguay 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.

Uruguay passport

Uruguay passport holder visiting Iceland

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

Iceland passport holder visiting Uruguay

Visa Free
Iceland passport holders can enter Uruguay 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 Uruguay?

Day-to-day costs in Iceland run about 93% higher than Uruguay 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 UYU3,018,578 comparable salary, that's around ISK4,529,069 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 Uruguay and Iceland.

Is Iceland safe for expats?

Iceland performs significantly better than Uruguay across all safety metrics. The homicide rate in Iceland is 1.1 per 100,000 people, compared to 11.2 in Uruguay.

How is healthcare in Iceland compared to Uruguay?

Iceland generally does better on health & wellbeing, though Uruguay leads in healthcare spending per person. There are 45.2 doctors per 10,000 people in Iceland, compared to 46.3 in Uruguay. Iceland scores 89 on the WHO universal health coverage index (Uruguay: 82).

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

The average high temperature in Reykjavik is 45°F, compared to 71°F in Montevideo. Reykjavik receives around 31.4 in of rainfall per year, while Montevideo gets 43.3 in.

What language do they speak in Iceland?

The official language in Iceland is Icelandic. In Uruguay, the official language is Spanish.

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At a Glance

UY IS
Population 3,407,213 357,603
Currency Uruguayan Peso (UYU) Icelandic Króna (ISK)
Languages Spanish Icelandic
Driving side Right Right
Calling code +598 +354
Time zones 1 1
Emergency number 911 112