A town situated at the mouth of Berufjörður fjord, on the south coast. In the town are the offices of the district doctor, a hotel, a swimming pool, a gymnasium and an elementary school. Djúpivogur had 370 inhabitants on December 1st 2006, whereas Djúpavogshreppur district had 460.
The primary industries are fishing, fish processing, trade and services. Trading began in Djúpivogur in the 16th century and an old store, Langabúð, may still be found in the town.
Langabúð was built by Danish merchants and is believed to date from 1790. An exhibition about the life and work of Ríkarður Jónsson, (1888-1977), tree carver and sculptor, may be found there, as well as a room dedicated to Eysteinn Jónsson (1906-93) and his wife Sólveig Eyjólfsdóttir.
The top floor has various artefacts relating to the history of the area. A bird and rock collection may be found in Faktorshús, next to Langabúð. Djúpivogur and its environs are ideal for bird watching, as bird life in the region is highly diverse.
The Djúpavogur forestry effort is one of the area's delights.