Bolungarvík is the second-largest town in the Westfjords, as well as being its second-largest municipality, with around 950 people. The town hosts one of the oldest fishing stations in the country and is close to good fishing grounds.
Bolungarvík is surrounded by large coastal mountains and has been populated since the age of settlement. The town features a national history museum and an open air fishing museum. Bolungarvík has apartments for rent and all basic facilities. The surrounding area is pleasant and is popular for hiking, birdwatching and horse-riding. Good camping grounds at the banks of Hólsá river, above by the lake Kirkjuvatn. Bolafjall mountain is also a popular attraction in summertime as it is possible to drive all the way to its top and enjoy spectacular views.
The popular Icelandic film Nói Albinói was filmed in Bolungarvík.