I wish I lived in Iceland I love the cold!
Oooh that might be too cold! Iceland is a nordic island in the atlantic ocean
Do you know if they have all four seasons there? 
No, they have two, basically. Winter and summer. IT's warmed by the Gulf Stream with a temperate climate
Oh that sounds like my kind of place! What is a temperate climate?
It means warm and sunny, but not too hot. Basically middle ground. It's high lattitude keeps summers chilly, though
That sounds perfect! Do you know if there is a lot of sun?
Not really. It's mostly a tundra climate
That sounds what I want! What about the cost of living? 
Of that I am not sure, but I suspect it's higher than you think to deal with the cold. The island was governed as an independent commonwealth under Althing