[4] Ólafsfjörður was connected by road for the first time in 1940, when the horse trail through Lágheiði was improved, enabling cars to cross the heath.

The Múlagöng or Ólafsfjarðargöng tunnel was opened on March 1, 1991, connecting Dalvík and Ólafsfjörður.

On 2 October 2010, the Héðinsfjörður Tunnels opened, providing an all-year rapid connection to Siglufjörður.

There is a sight-worthy monument dedicated to drowned seamen in front of the church.

The Alpine facility in Tindaöxl [ˈtʰɪntaˌœkstl̥] is right above the town, and is open in the winter when there is enough snow.