The 2006 season of Úrvalsdeild was the 95th season of league football in Iceland. FH defended their title making them the fifth club in Icelandic football history to win the championship three years running. ÍBV were relegated for the first time in 16 years and Grindavík suffered relegation for the first time in the club's history. An attendance record was set this season as 98,026 people saw the 90 matches, an average of 1,089.17 people per match.