Laugaland actually comprises two farms, Outer and Southern Laugaland, in Eyjafjordur County. An elementary school has been operated there since 1950 and nowadays a secondary school as well. A domestic science school was operated during the period 1937-75. Laugaland has been the seat of a reverend since 1935. A good indoor swimming pool is connected to the school.
The Akureyri Geothermal Heating Authority sank some boreholes with good results at Laugaland and constructed a 12 km long pipeline to town. The temperature of the water at the boreholes was 95°C and the capacity of the pipeline 500 l/sec. The first house in Akureyri was connected to the geothermal heating system in November 1977. Hot water is pipelined to Laugaland from extra boreholes at Hrafnagil and Outer Tjarnir.