Quick Answer: What Jobs Are In Demand In Iceland?

Why is Iceland so expensive?

Iceland is One of the Most Expensive Countries in the World to Live in.

The equipment needed to run a farm has to be imported, making Icelandic farms costly.

Other factors, such as a growing tourism industry that circulates around the city centre, has made rent prices for locals out of proportion..

How do I get a job in Iceland?

Citizens of full member countries to the EFTA and EEA can live and work in Iceland for three months without the need for a visa or work permit. After three months, an individual must register their legal domicile and apply for a tax card.

What is the average salary in Iceland?

The average income increased by 6.7% since 2016, while the median income increased slightly more, or 7.1% year-over-year. According to Statistics Iceland the average monthly income of Icelanders was 534,000 ISK (5,030 USD/4,290 EUR) in 2017, while the median income was 416,000 ISK (3,910 USD/3,340 EUR).

Is it hard to live in Iceland?

Life in Reykjavik – Life follows a very specific rhythm in the Capital city, probably everywhere in Iceland. In general, the pace of life was much slower than I was used to. Icelanders work hard and they play hard, to use an old cliche. Icelanders take long vacations, some up to 4 weeks in the summer!

Is it expensive to live in Iceland?

According to data derived from Numbeo.com, Iceland is the world’s 4th most expensive country to live. The costs of living in Iceland, including groceries, transportation, restaurants and utilities, are, according to the infographic, 2.14% higher than in New York. …

How much do houses in Iceland cost?

If we analyze the Iceland real estate market for the country’s capital city, the Reykjavik houses for sale hold a higher price than the ones in smaller towns, for obvious reasons. An average house in Reykjavik real estate is between 40 million ISK to 50 million ISK (around US$ 382,500 to US$ 478,130).

How can I get citizenship of Iceland?

A person may be naturalised as an Icelandic citizen after seven years’ residence in Iceland. There are various concessions to the residence requirement: a reduction to four years for a citizen of another Nordic Council country.

What is the highest paying job in Iceland?

Highest Paying Jobs in Energy1Operations Manager(1,430,000 ISK)2Geophysicist(1,140,000 ISK)3Engineering Geologist(1,120,000 ISK)4Exploration Manager(1,090,000 ISK)5Energy Dispatch Director(1,080,000 ISK)6Geothermal Production Manager(1,050,000 ISK)7Mining Project Manager(1,040,000 ISK)More items…

What is the most common job in Iceland?

Jobs in Icelandaluminium smelting.fish processing.geothermal power.hydropower.medical/pharmaceutical products.tourism.

How much is rent in Iceland?

The average rent for a one-bedroom apartment in Reykjavík is ISK 130,000 (USD 990, EUR 920) per month.

How hard is it to immigrate to Iceland?

If you are not a citizen of the EEA/EPTA, immigrating to Iceland is more challenging, but it’s worth the time and effort required. You can become a citizen of Iceland in one of three ways: … Attend a university in Iceland. Students are granted a residence permit and sometimes a limited work permit.

What should you avoid in Iceland?

What NOT to Do in Iceland: Tourist Traps and Stuff to AvoidDon’t do things just because everyone else is doing it. … Don’t assume that everything you’ll do in Iceland will be expensive. … Don’t tip. … Don’t buy bottled water. … Don’t expect that you can see everything during your stay. … Don’t get speeding tickets! … Don’t forget your sleeping mask. … Don’t buy super-expensive memorabilia.More items…•

What is the minimum wage in Iceland?

335,000 per monthMinimum wages for full-time work will be: 01 April 2019 ISK 317,000 per month. 01 April 2020 ISK 335,000 per month. 01 January 2021 ISK 351,000 per month.

What is a good salary in Iceland?

Currently, average wages in the country are of roughly 410,000 ISK net per month. Notice that the average salary in Iceland figures are net, while the minimum wage mentioned above is gross. The average salary of 410,000 ISK per month (approximately 3300 USD) puts Iceland’s figures among the highest salaries in Europe.

Are guns illegal in Iceland?

“Gun ownership is a privilege in Iceland, rather than a right.” … To get a gun, you must be at least 20 years old, pass a mental and physical assessment, and you can’t have a criminal record. Applicants must then get recommendations from two people to attend a course on guns, gun safety, and gun and hunting laws.

How can I study for free in Iceland?

Because of that, many international students are able to study in Iceland for free….1. Apply to Universities in IcelandAgricultural University of Iceland.Bifrost University.Hilar University College.Iceland Academy of the Arts.Reykjavík University.University of Aurei.University of Iceland.

How can a foreigner get a job in Iceland?

Expats who are not citizens of EU/EEA countries have to apply for a work and residence permit in order to work in Iceland. The best bet for most expats is to apply for a permit based on professional qualifications.

Is Iceland rich or poor?

The economy of Iceland is small and subject to high volatility. In 2011, gross domestic product was US$12bn, but by 2018 it had increased to a nominal GDP of US$27bn. With a population of 350,000, this is $55,000 per capita, based on purchasing power parity (PPP) estimates.