The first residential house in Kópasker, Bakki, was built in 1912 by Árni Ingimundarson.

[1] Kópasker grew around the operation of the Co-op, providing services to local agriculture and fisheries.

Meat-processing is the biggest industry in Kópasker, represented by the slaughterhouse and lamb-processing factory, Fjallalamb.

[2] In Kópasker there is a shop, garage, health care centre, school, bank, campsite and guesthouses.

North of Kópasker is the peninsula Melrakkaslétta, with its abundant birdlife, and also the northernmost point of mainland Iceland, Hraunhafnartangi.