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Ólafsfjörður, Iceland

Northeast · 🇮🇸 Iceland

Ólafsfjörður is a small town in Northeast, Iceland with a population of 785. Elevation: 344 ft (105 m). Average temperature: 34°F (1°C).

4.4 /5.0
A Great
785 Population
344 ft Elevation 105 meters
34°F Avg Temperature 1°C
26.3 in Annual Rain
Atlantic / Reykjavik Timezone
$77,000 Median Income
A
Overall
4.4 / 5.0
Great overall score based on economy, affordability, safety and education
A
Economy
4.1 / 5.0
$77,000 median income
A+
Education
4.6 / 5.0
45.0% bachelor's degree or higher
Median Income $77,000
2% higher than US avg
Bachelor's+ 45.0%
34% higher than US avg
Obesity Rate 21.2%
34% lower than US avg
Poverty Rate 3.5%
72% lower than US avg

People

Population785
Median Age37.1 yrs
DensityN/A
Male / Female51% / 49%

Economy

A
Median Income$77,000
Per Capita$82,139
UnemploymentN/A
Poverty3.5%

Health

Obesity21.2%
UninsuredN/A
Smoking6.8%
Depression13.0%

Climate

Avg Temp34°F (1°C)
AQI7 (Good)
Rain26.3 in/yr
Sunny Days288/yr
Elevation344 ft (105 m)

Education

A+
Bachelor's+45.0%
High School+99.0%

Community

CommuteN/A
Broadband99.8%
Population785
Elevation344 ft (105 m)
Coordinates66.0672°, -18.6440°
TimezoneAtlantic/Reykjavik
Country🇮🇸 Iceland
State / ProvinceNortheast
Average Temperature34°F (1°C)
January Average26°F (-3°C)
July Average46°F (8°C)
Annual Precipitation26.3 inches (667 mm)
Annual Snowfall16.5 inches (42 cm)
Median Household Income$77,000
Median Age37.1 years

Is Ólafsfjörður a Good Place to Live?

Based on current data, Ólafsfjörður receives an overall livability score of 4.4 out of 5.0, earning a grade of A. Key strengths include a highly educated population, abundant sunshine, a low poverty rate, strong internet connectivity. Ólafsfjörður stands out as an excellent place to live, with strong marks across most quality-of-life indicators.

Economy & Jobs

The median household income in Ólafsfjörður is $77,000, roughly in line with the national average of $75,149. Only 3.5% of residents live below the poverty line, well below the national rate of 12.4%.

Education

Educational attainment is solid, with 45.0% holding a bachelor's degree or higher, near the national average. 99.0% have completed high school.

Climate & Weather

Ólafsfjörður has a cool climate with an average annual temperature of 34°F. Winters average 26°F in January while summers reach 46°F in July. With 288 sunny days per year, residents enjoy well above the national average of sunshine. Annual precipitation totals 26.3 inches, including 16.5 inches of snow. Air quality is rated Good with a median AQI of 7.

Ólafsfjörður has a population of 785. The median age is 37.1 years, 5% younger than the national median of 38.9. The gender split is 48.8% female and 51.2% male. 19.0% of residents have a disability (above the 13.0% national average). 90.0% have health insurance coverage.

Population

785
Total Population
37.1yrs
Median Age
5% below US avg

Gender Distribution

Male 51.2%
Female 48.8%

Race & Ethnicity

Ólafsfjörður vs U.S. Average

Language Spoken at Home

Other Languages100%

Social Characteristics

Ólafsfjörður vs U.S. Average

The median household income in Ólafsfjörður is $77,000, which is 2% above the national average of $75,149. Per capita income is $82,139 (above the $39,052 national figure). 3.5% of residents live below the poverty line, lower than the national rate of 12.4%. The cost of living index is 102.1, roughly in line with the national average.

Income: Ólafsfjörður vs U.S.

Commute Mode

Income

Median HH Income$77,000
2% above US avg
Per Capita Income$82,139

Employment & Poverty

Poverty Rate3.5%
72% below US avg

Business (County)

Tax & Cost of Living

Cost of Living102.10 (100=avg)

Commute & Transportation

Walkability

In Ólafsfjörður, 21.2% of adults are obese, below the national rate of 32.1%. 5.9% have diabetes (below the 10.5% national rate). 27.5% have high blood pressure. 6.8% are current smokers (below the 14.0% national rate). 8.2% report binge drinking. 80.3% are physically inactive, above the national average. 13.0% report depression (below the 20.0% national average). 11.4% experience frequent mental distress.

Health Metrics: Ólafsfjörður vs U.S. Average (%)

Chronic Conditions

Obesity21.2%
34% below US avg
Diabetes5.9%
High Blood Pressure27.5%
COPD0.0%
Kidney Disease0.0%

Behaviors & Mental Health

Smoking6.8%
51% below US avg
Binge Drinking8.2%
Physical Inactivity80.3%
Depression13.0%
Mental Distress11.4%

Healthcare Access

Insurance Rate90.0%
Premature Death85/100K

Food & Exercise

Ólafsfjörður has a cool climate with an average annual temperature of 34°F (1°C). Winters average 26°F in January while summers reach 46°F in July. The area gets 288 sunny days per year, well above the U.S. average of 205 — making it one of the sunnier locations in the country. Annual precipitation totals 26.3 inches (drier than the 38-inch national average). The area receives 16.5 inches of snow annually, a moderate snowfall amount. Air quality is rated Good with a median AQI of 7 — among the cleanest air in the country. 94% of days have good air quality. The city sits at an elevation of 344 feet.

Temperature

26°F Jan (-3°C) 46°F Jul (8°C)
Annual Average33.7°F
38% below US avg
January Average26°F (-3°C)
July Average46°F (8°C)
Sunny Days288 days/yr

Precipitation & Snow

Annual Rainfall26.3 inches
31% below US avg
Snowfall16.5 inches/yr

Air Quality

AQI Median7.0
RatingGood
Good Days %93.6%

Geography

Elevation344 ft (105 m)
Coordinates66.0672°N, 18.6440°W
TimezoneAtlantic/Reykjavik

Monthly Weather

Month Avg Temperature Precipitation Summary
January 26°F (-3°C) 2.4 in
February 25°F (-4°C) 2.2 in Coldest
March 25°F (-4°C) 2.4 in
April 29°F (-2°C) 1.6 in
May 36°F (2°C) 1.4 in Driest
June 42°F (6°C) 1.8 in
July 46°F (8°C) 1.9 in Warmest
August 46°F (8°C) 2.1 in
September 40°F (4°C) 2.6 in
October 33°F (1°C) 3.2 in Wettest
November 29°F (-2°C) 2.4 in
December 26°F (-3°C) 2.4 in

Ólafsfjörður has a seasonal temperature swing of 21°F — from 25°F in February to 46°F in July. Total annual precipitation is 26.3 inches, with October being the wettest month (3.2") and May the driest (1.4").

45.0% of adults hold a bachelor's degree or higher, 34% above the national average of 33.7%. 99.0% have completed high school. 99.8% of households have broadband internet access (above the 90.0% national rate).

Education

Bachelor's Degree+45.0%
34% above US avg
High School+99.0%
A+ Education Grade (4.6/5.0)

Urban-Rural Classification

Infrastructure & Services

Broadband Access99.8%

Safety & Disasters

Commute & Transportation

Frequently Asked Questions About Ólafsfjörður

What is the population of Ólafsfjörður?

Ólafsfjörður has a population of 785 residents and is located in Iceland.. The median age of residents is 37.1 years. The population is 48.8% female and 51.2% male.

Is Ólafsfjörður expensive to live in?

Ólafsfjörður has a cost of living roughly in line with the national average, with an index of 102.1 (baseline: 100). The median household income is $77,000, 2% above the national average of $75,149.

What is the weather like in Ólafsfjörður?

Ólafsfjörður has a cool climate with an average annual temperature of 34°F (1°C). Winter temperatures average 26°F in January, while summers reach an average of 46°F in July. The area receives 288 sunny days per year, well above the national average of 205. Annual rainfall totals 26.3 inches, with 16.5 inches of snow. Air quality is rated Good with a median Air Quality Index (AQI) of 7.

How is the job market in Ólafsfjörður?

How are the schools in Ólafsfjörður?

45.0% of adults in Ólafsfjörður hold a bachelor's degree or higher, above the national average of 33.7%. 99.0% have completed high school.

How healthy is Ólafsfjörður?

The obesity rate in Ólafsfjörður is 21.2% (below the national rate of 32.1%). 6.8% of adults are smokers. 80.3% are physically inactive. 13.0% of residents report depression.

Nearby Cities

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