The heart of Þórshöfn beats in time to the waves, and fishing and fish processing have been the town's main form of occupation throughout the years. Therefore, it is interesting to go for a walk, take a look at harbour life and activity, then perhaps look into the restaurant Báran, and sample their excellent soup made from ocean quahog (Arctica islandica). Fishing for ocean quahog is one of the many things which set Þórshöfn apart from other villages.

Þórshöfn offers excellent services; a health centre, shop, restaurant, a sports stadium, swimming pool, savings bank, petrol station etc. There is also a camping site with facilities for camper vans.