Today, Hof in Öræfi inhabits around 20 people, with permanent residence on 5 estates. Circumstances have thus changed vastly since the late 19th century, when Hof was populated by around 130 people living on 13 small farms. Sheep cultivation and horse breeding have for the most part, been the primary source of livelihood for the people residing at Hof, but tourism has been steadily growing as a profession, both there and in the surrounding areas. Even though Hof is located far away from the densely populated area on the southwestern corner of Iceland where the capital, Reykjavík is located, both internet connection and other telecommunications are impeccable, due to the efforts of the locals who had a fiber optic cable installed for every estate.
