Iceland boasts the second highest salary in Europe, but life on the island presents significant challenges and costs. Let’s find out the pros and cons of moving from Italy.
Among the glaciers and the Northern Lights of Iceland lies a much more tangible treasure: the second highest salary in Europe. According to recent research, in fact, the average monthly income on the island is around 5,624 euros, even surpassing Switzerland. But before packing your bags and moving to Reykjavik, it is a good idea to carefully evaluate the pros and cons of this fascinating but challenging destination.
But like England or Switzerland, Iceland is the new workers’ El Dorado
The figures speak for themselves: Iceland offers staggering salaries. A software engineer, for example, can earn up to 10,000 euros a month, while a medical specialist easily exceeds 15,000. But this economic paradise has a downside: the cost of living is skyrocketing. A meal in a restaurant can cost up to 50 euros, a monthly rent for a studio apartment is close to 1,200 euros, and even food in supermarkets has significantly higher prices than in Italy.
Other attractions of this island in North-West Europe
In addition to the large salary, Iceland boasts other strengths that make it an attractive land. The uncontaminated nature, with its volcanoes, glaciers and geothermal lagoons, offers breathtaking landscapes. As well as unique opportunities for lovers of hiking and winter sports.
Welfare is excellent, with an efficient public health system and strong support for families. Furthermore, Iceland is a cutting-edge country in terms of gender equality: women hold leading roles in politics and in the world of work. The wage gap with men is among the lowest in the world.
Harsh climate, isolation and difficult language are aspects not to be overlooked
However, life in Iceland is not for everyone. The climate is harsh and sunlight is scarce during the long winters. Geographical isolation can take its toll, especially for those accustomed to the liveliness and rhythms of the Mediterranean. Furthermore, the language is Icelandic, a difficult language to learn and not very widespread internationally. Even though almost everyone speaks English fluently.
Iceland represents an interesting work and life opportunity, especially for those who want a unique natural environment and excellent welfare. However, the move requires careful consideration of the cost of living, harsh climate and isolation. Dreaming of Iceland is legitimate, but to live there you need to be ready to face challenges and adapt to a way of life that is decidedly different from the Italian one.
In-depth analysis
Anyone who lives in one of these 5 municipalities must have a full wallet.
