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Ólafsvík, Iceland

West · 🇮🇸 Iceland

Ólafsvík is a small town in West, Iceland with a population of 1,010. Average temperature: 37°F (3°C).

4.4 /5.0
A Great
1,010 Population
37°F Avg Temperature 3°C
44.7 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

Population1,010
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 Temp37°F (3°C)
AQI7 (Good)
Rain44.7 in/yr
Sunny Days255/yr

Education

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

Community

CommuteN/A
Broadband99.8%
Population1,010
Coordinates64.8943°, -23.7092°
TimezoneAtlantic/Reykjavik
Country🇮🇸 Iceland
State / ProvinceWest
Average Temperature37°F (3°C)
January Average29°F (-2°C)
July Average48°F (9°C)
Annual Precipitation44.7 inches (1,134 mm)
Annual Snowfall25.6 inches (65 cm)
Median Household Income$77,000
Median Age37.1 years

Is Ólafsvík a Good Place to Live?

Based on current data, Ólafsvík 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. Ólafsvík stands out as an excellent place to live, with strong marks across most quality-of-life indicators.

Economy & Jobs

The median household income in Ólafsvík 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

Ólafsvík has a cool climate with an average annual temperature of 37°F. Winters average 29°F in January while summers reach 48°F in July. With 255 sunny days per year, residents enjoy well above the national average of sunshine. Annual precipitation totals 44.7 inches, including 25.6 inches of snow. Air quality is rated Good with a median AQI of 7.

Ólafsvík has a population of 1,010. 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

1,010
Total Population
37.1yrs
Median Age
5% below US avg

Gender Distribution

Male 51.2%
Female 48.8%

Race & Ethnicity

Ólafsvík vs U.S. Average

Language Spoken at Home

Other Languages100%

Social Characteristics

Ólafsvík vs U.S. Average

The median household income in Ólafsvík 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: Ólafsvík 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 Ólafsvík, 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: Ólafsvík 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

Ólafsvík has a cool climate with an average annual temperature of 37°F (3°C). Winters average 29°F in January while summers reach 48°F in July — relatively mild seasonal variation. The area gets 255 sunny days per year, above the national average. Annual precipitation totals 44.7 inches. The area receives 25.6 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.

Temperature

29°F Jan (-2°C) 48°F Jul (9°C)
Annual Average36.6°F
32% below US avg
January Average29°F (-2°C)
July Average48°F (9°C)
Sunny Days255 days/yr

Precipitation & Snow

Annual Rainfall44.7 inches
18% above US avg
Snowfall25.6 inches/yr

Air Quality

AQI Median7.0
RatingGood
Good Days %93.6%

Geography

Coordinates64.8943°N, 23.7092°W
TimezoneAtlantic/Reykjavik

Monthly Weather

Month Avg Temperature Precipitation Summary
January 29°F (-2°C) 4.2 in
February 29°F (-1°C) 4.7 in
March 29°F (-2°C) 4.5 in Coldest
April 33°F (0°C) 3.2 in
May 39°F (4°C) 2.9 in
June 44°F (7°C) 2.3 in
July 48°F (9°C) 2.2 in Warmest, Driest
August 47°F (8°C) 3.3 in
September 42°F (5°C) 3.6 in
October 36°F (2°C) 4.8 in Wettest
November 32°F (0°C) 4.5 in
December 30°F (-1°C) 4.5 in

Ólafsvík has a seasonal temperature swing of 19°F — from 29°F in March to 48°F in July. Total annual precipitation is 44.7 inches, with October being the wettest month (4.8") and July the driest (2.2").

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 Ólafsvík

What is the population of Ólafsvík?

Ólafsvík has a population of 1,010 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 Ólafsvík expensive to live in?

Ólafsvík 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 Ólafsvík?

Ólafsvík has a cool climate with an average annual temperature of 37°F (3°C). Winter temperatures average 29°F in January, while summers reach an average of 48°F in July. The area receives 255 sunny days per year, well above the national average of 205. Annual rainfall totals 44.7 inches, with 25.6 inches of snow. Air quality is rated Good with a median Air Quality Index (AQI) of 7.

How is the job market in Ólafsvík?

How are the schools in Ólafsvík?

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

How healthy is Ólafsvík?

The obesity rate in Ólafsvík 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

Stykkishólmur 1,108 pop · 31.2 mi Borgarnes 1,875 pop · 58.2 mi Akranes 7,411 pop · 62.5 mi Garður 1,429 pop · 65.0 mi Sandgerði 1,546 pop · 66.3 mi Keflavík 15,930 pop · 70.3 mi Reykjanesbær 19,724 pop · 70.7 mi Seltjarnarnes 4,726 pop · 72.2 mi Vogar 1,029 pop · 74.4 mi Álftanes 2,392 pop · 74.5 mi Reykjavík 118,918 pop · 75.2 mi Kópavogur 37,959 pop · 76.0 mi Garðabær 11,421 pop · 77.0 mi Hafnarfjörður 29,971 pop · 77.8 mi
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