Iceland is outrageously expensive Whats more expensive? Food, clothing, fuel, personal care items, furniture. These things can easily be two to three times as expensive as US prices. If youve been to Iceland you know what I mean.

Why is Iceland so rich?

Iceland is the worlds largest electricity producer per capita. The presence of abundant electrical power due to Icelands geothermal and hydroelectric energy sources has led to the growth of the manufacturing sector.