Hvammstangi is the most densely populated area in the west Húnaþing County. It is a service centre for the surrounding neighbourhood and also a school site and an administrative centre. It has a population of 580 people. Trading has taken place at Hvammstangi for over 50 years old and the Trading Museum by the harbour displays this history. Hvammstangi has a good harbour and shrimps are the main fishing industry along with small fishing vessels.
The largest knitting and sewing factory in the country is located in Hvammstangi. In Hvammstangi are many specialised small businesses e.g. cosmetics and cooling products production, a goldsmith, a plastic bag manufacturer etc. Bardúsa, a crafts hop, offers very ambitious and equally beautiful handcrafted goods. The cultural life in Hvammstangi is also very diverse it offers choirs, a drama society, the Kormákur sports society, a community centre for young people - to name but a few.
Last but not least Hvammstangi has many possibilities for the tourist: a swimming pool, camping grounds, guesthouses and shops. From Hvammstangi is only a short travel to Vatnsnes with a wealth of varied historical sites, beautiful scenery, great views of the mountains at Strandir and last but not least a seal habitat within easy walking distance.