Living in Iceland as an EU Citizen: What You Need to Know

Are you an EU citizen thinking about living in Iceland? Well, you’re in the right place. Iceland is an extraordinary country that offers a lot of opportunities for those who love adventure and a peaceful lifestyle. In this post, you will find everything you need to know about living in Iceland as an EU citizen. Keep reading!

Can EU Citizens Live in Iceland?

Short answer: Yes, they can! Iceland is part of the European Economic Area (EEA) and the European Free Trade Association (EFTA), which allows EU citizens to live and work in Iceland without a visa or a work permit. This means that you can move to Iceland and stay there for as long as you want if you’re an EU citizen.

Residence Permit

Even though EU citizens don’t need a permit to live and work in Iceland, you still need to register with the Icelandic authorities after three months of your arrival. You will need to fill out the E-Form and provide some personal information, such as your name, address, and employment status. This process is quite simple, and you can easily do it online, which makes it more convenient.

Healthcare

Now let’s talk about healthcare. As an EU citizen living in Iceland, you have access to the country’s healthcare system. To access healthcare services, you will need to apply for an Icelandic Health Insurance Card. You can do this shortly after your registration with the Icelandic authorities. The card is free of charge, and it allows you to access medical services at a reduced cost. As a foreigner, you will also need to pay a small fee for healthcare services. However, the fee is not expensive, and it is worth it.

Working in Iceland

If you’re planning to work in Iceland, you will need to have a job before you move there, or you can start your own business. You will also need to have a valid employment contract to register with the Icelandic authorities. It’s important to know that Iceland has a high cost of living, but salaries are also relatively high compared to other European countries. According to the latest statistics, the minimum wage in Iceland is around 300,000 ISK per month (around €1,900), and the average salary is around 600,000 ISK per month (around €3,800). However, wages can vary depending on the industry and job position.

Accommodation

Accommodation in Iceland can be quite expensive, especially in Reykjavik, the capital city. However, with a bit of research, you can find affordable options. There are many websites where you can find apartments, shared flats, and rooms for rent. A one-bedroom apartment in Reykjavik can cost around 150,000 ISK per month (around €950), but prices can vary depending on the location and apartment size.

Cost of Living

The cost of living in Iceland is quite high compared to other European countries. However, salaries are generally higher to compensate for this. The price of groceries, transportation, and eating out can be quite expensive, but if you plan your budget well, you can still save money and enjoy everything Iceland has to offer.

Culture and Lifestyle

Icelandic culture is unique and quite different from other European cultures. Icelanders value individualism, equality, and freedom. The country is also known for its natural wonders, including geysers, waterfalls, and glaciers, making it a perfect place for outdoor enthusiasts. The lifestyle in Iceland is quite relaxed, and people value the work-life balance.

In conclusion, Iceland is a great country to live in as an EU citizen. You have access to healthcare, education, and job opportunities without a visa or a work permit. The cost of living can be high, but the salaries are generally higher to compensate for it. The Icelandic culture and lifestyle are unique, and there’s a lot to explore and enjoy. If you’re looking for an adventure and new experiences, Iceland is the perfect place for you.