The 1984 1. deild was contested by 8 teams, and B68 Toftir won the championship.
The schedule consisted of a total of 14 games. Each team played two games against every opponent in no particular order. One of the games was at home and one was away.
62°01′00″N 6°46′00″W / 62.0167°N 6.7667°W / 62.0167; -6.7667