Serene seascape of stacked rocks along Reykjavik's coast with distant mountains under a clear sky.A stunning view of Reykjavík's skyline featuring the iconic Hallgrímskirkja church and ocean in Iceland.Stunning aerial view of Reykjavik with Esja Mountain in the backdrop during summer.Breathtaking view of lush Icelandic plains with mountains and a scenic river.Scenic view of Reykjavik cityscape with vibrant buildings and ocean backdrop.

Iceland

Europe · Northern Europe

Very High PeaceVery Expensive Cost of Living
Very High DevelopmentFull Democracy
Population387K172nd
GDP / Capita$86KVery High
PPP / Capita$84KHigh
Gender Inequality0.039Very Low
Life Expectancy83 yrsVery High

World's most peaceful country — stunning nature, very expensive, tiny population.

💻

Digital Nomad

Ideal destination

At a Glance

75
Very HighSafety
13
Very ExpensiveCost of Living
95
Very HighQuality of Life
🌍

Iceland

Iceland is a North Atlantic island of volcanic landscapes, geysers, waterfalls, hot springs, and Northern Lights that has become one of the world's most photographed destinations. The culture is deeply rooted in Norse saga traditions and a close relationship with a nature that is genuinely powerful and unpredictable. The country suits those who love dramatic landscapes and outdoor adventure, though the tourist infrastructure has expanded rapidly and prices reflect that.

  • No standing army and hasn't fought a war in over 700 years.
  • Lowest crime rate of any country with available data.
  • No native land mammals other than the arctic fox — all others were brought by humans.
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Quick Facts

Capital

Reykjavik

Language

Icelandic

Currency

kr ISK

Area

100,830 km²

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Nomad Hub

Fixed Broadband

347Mbps

Very Fast4th globally
PlugType C/F

💻Digital Nomad Visa

Min. Income

kr1,000,000/mo

~$7,400/mo

Duration

6 months

Renewable

No

Application Fee

~kr12,200

~$90

Application difficultyMedium
Tax treatmentExempt
Processing time~30 days
Health insuranceRequired
DependentsYes
Apply onlineIn person / consulate
Path to residencyNo
Open to all nationalitiesRestricted

GDP / Capita

i

$86K

Very High

PPP / Capita

i

$84K

Very High

Inflation

i

5.9%

Moderate

Unemployment

i

3.6%

Very Low

Innovation (GII)

i

47.0

Top 25%

GNI / Capita

i

$82K

Very High

Tax Revenue

i

23.2%

FDI Inflows

i

8.5%

Education Spend

i

7.3%

Cost of Living

i

97.2

Very Expensive

Price Level Index

i

2th pct

Very Expensive

20-Year Trend + IMF Forecast

Income & inflation over time

i
+49% nominal+17% real
$40K$79K$120K5%10%200520102015202020252027
GDPPPPInflationIMF forecast