Nomad Score: 59%

Essentials

🏙️ City Egilsstadir is the hub of East Iceland and serves as the gateway to the stunning natural landscapes of the region.
👥 Population Approximately 2,000 residents.
💻 Internet Speed Average download speed of 50 Mbps, suitable for remote work.
💸 Currency & Banking 1 EUR ≈ 150 ISK; Major banks include Landsbankinn and Arion Bank.
🚰 Tap Water Drinkable, sourced from surrounding mountains, known for its purity.
🔌 Power 230V, 50Hz, 🔌 Type F sockets commonly used.
📶 SIM Card Available from providers like Síminn, Vodafone, and Nova.
💳 Banking for Expats Visa and Mastercard widely accepted; transfer services like TransferWise too.
🛌 Accommodation Options include Airbnb, guesthouses, and local hotels like Hótel Egilsstaðir.
💳 Cashless Friendly Yes, cards accepted widely across stores and restaurants.
🏠 Short Term Rentals Airbnb and local guesthouses are popular options.
🛏️ Budget Accommodation Vök baths and Egilsstaðir Hostel offer affordable lodging.

Working and Networking

🏢 Best Coworking Space East Iceland Coworking Space, offering desks and meeting rooms.
Best Cafe for Work Kaffi Egilsstöðum, known for its good coffee and free Wi-Fi.
💼 Networking Events Regular meetups hosted at local community centers.
🥂 Social Events for Expats Facebook groups like Expats in East Iceland facilitate socializing.

Transportation

🚕 Best Taxi/Ride App Local taxi services; no widespread ride-hailing apps.
🚲 Bike/Scooter Rental Bicycle rentals available at local shops.
🏖️ Best Beach Nearby Stuttarshorn Beach, about 10 minutes drive away.
✈️ Top Regional Airline Air Iceland Connect offers flights to Reykjavík.
✈️ Top International Airline Icelandair connects through Reykjavík.
🛣️ Highway Access Route 1 (Ring Road) is easily accessible.
🚉 Main Train/Transit Hub Egilsstadir does not have a train station; bus services connect to major towns.
🚍 Public Transport Passes Available for local buses, but not widely used.
✈️ Regional Travel Buses operated by Strætó connect to nearby towns and regions.

Health and Wellness

🏥 Best Hospital East Iceland Hospital (Egilsstaðaskjól) provides healthcare services.
🧘 Yoga & Wellness Centers Local yoga classes at various community centers.
🏋️ Gyms & Fitness Centers Egilsstadir Gym offers fitness and wellness facilities.
🧺 Laundry Services Self-service laundromat available in town.

Food and Drink

📱 Best Food Delivery App Local takeaway options; Ísland Pizzas provides home delivery.
🍽️ Best Local Dish to Try Try lamb soup (kjötsúpa), a traditional Icelandic dish.
🍱 Vegan/Vegetarian Options Café Edda offers vegetarian-friendly menu options.
🍫 Best Dessert Spots Sandholt Bakery known for its pastries and bread.
🛒 Affordable Shopping Spots Local grocery store Krónan for budget food shopping.
🛒 E-commerce/Online Store Online shopping available through Icelandic sites like Heimkaup.
🛒 Grocery Delivery Some local shops offer delivery services.
🍸 Bar/Nightlife Area Local bars like Egilsstaðir Bar serve a selection of drinks.
🍻 Local Brewery Egilsstaðir Microbrewery offers locally crafted beers.
🍷 Wine Bars Limited options; you can find wine in regular supermarkets.
🍲 Street Food Stalls Food trucks offering local snacks in summer.
🍕 Popular International Cuisine Pizzerias and Asian restaurants are available in town.

Culture and Attractions

🎟️ Must-See Landmarks Visit the East Iceland Heritage Museum to learn about the local history.
🏛️ Museums & Art Venues Egilsstaðir Art Gallery showcases local artists.
🏰 Historical Sites The Stone Age Ruins near Egilsstadir.
🕍 Religious Sites The East Iceland Church is open for visitors.
🎉 Annual Events Egilsstadir Music Festival held every summer.
🎨 Cultural Districts Explore local crafts at markets during the summer months.
🎭 Theater Venues Community theater hosts regular performances.
🛍️ Local Markets Weekly market in town for fresh produce and local crafts.
🎼 Music Scene Small live music events at local cafes.
🎨 Street Art Some murals can be found near the town center.
🧑‍🍳 Cooking Classes Cooking workshops focusing on traditional Icelandic dishes available.
👩‍🎨 Art Galleries Ongoing exhibits in local community spaces.
🕰️ Historic Buildings Visit the historic church of Egilsstaðir.
🏴 Local Heritage Traditions and folklore preserved in regional storytelling.

Nature and Outdoor Activities

🌅 Nearby Nature Escapes Skaftafell National Park provides stunning hikes and views.
🏞️ National Parks Nearby Vatnajökull National Park is a short drive away, famous for glaciers.
🚲 Cycling/Walking Paths Walking trails along the river and surrounding hills.
🌄 Scenic Viewpoints There are picturesque viewpoints around Lake Lagarfljót.
🦉 Birdwatching Locations Silfurberg Nature Reserve is popular for birdwatching.
🔥 Bonfire-Friendly Spots Designated sites near rivers allow bonfires.

Other Services and Amenities

📦 Parcel Delivery Service Available services include Iceland Post and DHL.
🛠️ Tech Repair Services Local shops can assist with computers and smartphones.
🏓 Table Tennis Spots Community centers may have tables available.
🧑‍🏫 Language Classes Learning Icelandic classes offered at local schools.
📚 Libraries & Study Spots Egilsstaðir Library is a quiet place for reading and studying.
🏘️ Community Centers Cultural activities held at the local community center.
🕹️ Gaming Lounges Limited options; cafes provide some gaming spaces.
🎰 Casino & Gaming Halls No casinos are available in Egilsstadir; gambling is rare.

Business

🏢 Studio Purchase Price (City Center) Approx. €2,500 per m² (e.g., 40 m² = €100,000)
🏢 Studio Purchase Price (Outside City) Approx. €2,000 per m² (e.g., 40 m² = €80,000)
🏠 1-Bedroom Purchase Price (City Center) Approx. €2,800 per m² (e.g., 60 m² = €168,000)
🏠 1-Bedroom Purchase Price (Outside City) Approx. €2,200 per m² (e.g., 60 m² = €132,000)
🏡 2-Bedroom Purchase Price (City Center) Approx. €3,000 per m² (e.g., 80 m² = €240,000)
🏡 2-Bedroom Purchase Price (Outside City) Approx. €2,500 per m² (e.g., 80 m² = €200,000)
💼 Corporate Tax 20% standard corporate tax rate.
💵 Dividend Withholding Tax Any dividends are taxed at 20%.
🏦 Tax System Iceland uses a worldwide income tax basis.
📈 Highest Income Tax Bracket Maximum personal income tax rate is 46.24%.
🧾 VAT Standard Value Added Tax rate is 24%.
🌐 Controlled Foreign Company (CFC) Rules Yes, CFC rules apply in Iceland.
🏠 Property Tax Annual property tax based on assessed value applies.
🏠 Property Transaction Tax 0.5% of the purchase price.