Travel budget and cost of living in Iceland how much does a trip cost?

Travel budget in Iceland

Iceland: calculate your travel budget

Iceland: sample budgets by traveller type

These example budgets assume a 2-week holiday in Iceland for 2 people.

* Estimated local budget for 2 people for 2 weeks. This represents an average across the country (budget may vary depending on the city or region visited).

Cost of living in Iceland in 2020

Cost of living: Iceland VS United States

On average, the cost of living in Iceland in 2020 is essentially the same as in the United States (USA)

The graphic below shows the percentage of variation between prices United States in in the United States (USA) and United States by types of expenses:

Cost of living in Iceland by city

See the table below for the variation in the cost of living in different cities in Iceland compared to the national average.

Show all cities (1 more)

Hide other cities

Iceland: get the best price!

from choose a departure cityPrague-----FrankfurtBerlinMunichZurichViennaDusseldorf-----LondonDublinManchesterEdinburghLos Angeles New York CityMontrealToronto (Ontario)SydneyMelbournePerthAuckland-----MadridBarcelona-----ParisNantesMarseilleBordeauxBrusselsGenevaLyonToulouseNice-----Athens-----Budapest-----RomeMilan-----Amsterdam-----Warsaw-----LisbonRio de JaneiroBrasilia-----Bucharest-----StockholmCopenhagenOsloHelsinki-----Bangkok

Finding flights. Thank you for waiting.

Find a flight to Iceland:

Departure city:

ParisNantesMarseilleBordeauxBrusselsGenevaLyonToulouseNiceLondonMadridBarcelonaRomeFrankfurtBerlinMilanMunichDublinZurichAmsterdamStockholmManchesterEdinburghLisbonCopenhagenOsloViennaDusseldorfAthensWarsawPragueHelsinkiBudapestBucharestLos Angeles New York CityMontrealToronto (Ontario)Rio de JaneiroBrasiliaSydneyMelbournePerthAucklandBangkok

Arrival city:

Main airport(s)Reykjavik

Depart on:

Return on:

Adults (over 16):

12345678910

Children (under 16):

012345678910

Babies (under 2):

012345678910

Class:

Economic Eco Premium Business First

Find a flight

Try it! The SkyScanner search engine checks several airline and travel agents to guarantee you the best price!

Local prices in Iceland by expense type

Iceland: Restaurant budget

Lunch

$ 21/person
($ 12 to $ 35)

---

16% more than in the United States (USA) Average price in the United States (USA): $ 17

3 course dinner

$ 51/person
($ 40 to $ 85)

---

61% more than in the United States (USA) Average price in the United States (USA): $ 32

McDonald's meal

$ 13/person
($ 12 to $ 21)

---

46% more than in the United States (USA) Average price in the United States (USA): $ 8.8

Local beer

$ 9.2 for 500ml
($ 6.9 to $ 12)

---

68% more than in the United States (USA) Average price in the United States (USA): $ 5.5

Imported beer

$ 2.7 for 330ml
($ 2.3 to $ 3.8)

---

15% less than in the United States (USA) Average price in the United States (USA): $ 3.3

Cappuccino

$ 4.4/cup
($ 3.1 to $ 5)

---

5% less than in the United States (USA) Average price in the United States (USA): $ 4.7

Fizzy drink

$ 2.6/can
($ 1.6 to $ 4.7)

---

29% more than in the United States (USA) Average price in the United States (USA): $ 2.1

Water bottle

$ 2/bottle
($ 1.6 to $ 3.1)

---

22% more than in the United States (USA) Average price in the United States (USA): $ 1.7

Iceland: Hotel and accommodation budget

1-star hotel

$ 124/night
($ 96 to $ 169)

---

14% more than in the United States (USA) Average price in the United States (USA): $ 109

2-star hotel

$ 149/night
($ 116 to $ 194)

---

19% more than in the United States (USA) Average price in the United States (USA): $ 126

3-star hotel

$ 205/night
($ 136 to $ 314)

---

12% more than in the United States (USA) Average price in the United States (USA): $ 185

4-star hotel

$ 294/night
($ 216 to $ 400)

---

12% more than in the United States (USA) Average price in the United States (USA): $ 263

5-star hotel

$ 966/night
($ 893 to $ 1038)

---

89% more than in the United States (USA) Average price in the United States (USA): $ 512

Hotel/Youth Hostel

$ 125/month
($ 97 to $ 153)

---

6% less than in the United States (USA) Average price in the United States (USA): $ 133

Room with kitchen

$ 254/month
($ 189 to $ 341)

---

48% more than in the United States (USA) Average price in the United States (USA): $ 173

Hotel with swimming pool

$ 210/month
($ 192 to $ 236)

---

25% more than in the United States (USA) Average price in the United States (USA): $ 168

Cottage or guest house

$ 145/month
($ 102 to $ 248)

---

35% less than in the United States (USA) Average price in the United States (USA): $ 224

Family room

$ 274/month
($ 202 to $ 391)

---

55% more than in the United States (USA) Average price in the United States (USA): $ 177

Iceland: Supermarket food budget

Milk

$ 1.3/litre
($ 1.2 to $ 1.9)

---

39% more than in the United States (USA) Average price in the United States (USA): $ 0.9

Bread

$ 2.9/500g
($ 2.2 to $ 3.8)

---

4% less than in the United States (USA) Average price in the United States (USA): $ 3

Rice

$ 2.9/kg
($ 1.6 to $ 4.4)

---

35% less than in the United States (USA) Average price in the United States (USA): $ 4.5

Eggs

$ 5/12 eggs
($ 3.8 to $ 6.2)

---

95% more than in the United States (USA) Average price in the United States (USA): $ 2.6

Cheese

$ 14/kg
($ 9.2 to $ 21)

---

11% more than in the United States (USA) Average price in the United States (USA): $ 12

Chicken

$ 18/kg
($ 15 to $ 22)

---

90% more than in the United States (USA) Average price in the United States (USA): $ 9.1

Apples

$ 2.5/kg
($ 1.4 to $ 3.8)

---

50% less than in the United States (USA) Average price in the United States (USA): $ 5.1

Oranges

$ 2.4/kg
($ 1.9 to $ 3.8)

---

48% less than in the United States (USA) Average price in the United States (USA): $ 4.6

Tomatoes

$ 4.2/kg
($ 2.7 to $ 5.9)

---

11% less than in the United States (USA) Average price in the United States (USA): $ 4.7

Potatoes

$ 2.4/kg
($ 1.2 to $ 3.1)

---

20% less than in the United States (USA) Average price in the United States (USA): $ 3

Salad

$ 2.3/salad
($ 1.1 to $ 3.1)

---

28% more than in the United States (USA) Average price in the United States (USA): $ 1.8

Water bottle

$ 1.8
($ 1 to $ 2.3)

---

15% less than in the United States (USA) Average price in the United States (USA): $ 2.1

Joint of beef

$ 24/kg
($ 15 to $ 39)

---

76% more than in the United States (USA) Average price in the United States (USA): $ 14

Iceland: Public and private transport budget

Bus ticket

$ 3.6/ticket
($ 3.5 to $ 3.8)

---

31% more than in the United States (USA) Average price in the United States (USA): $ 2.8

Bus pass

$ 100/month
($ 93 to $ 102)

---

18% more than in the United States (USA) Average price in the United States (USA): $ 84

Taxi (per km)

$ 2.3/km
($ 1.9 to $ 3.3)

---

25% more than in the United States (USA) Average price in the United States (USA): $ 1.9

Petrol

$ 1.8/litre
($ 1.6 to $ 1.9)

---

118% more than in the United States (USA) Average price in the United States (USA): $ 0.8

Taxi (initial pick-up charge)

$ 5.4
($ 5.3 to $ 8.5)

---

53% more than in the United States (USA) Average price in the United States (USA): $ 3.5

Car hire

$ 59/24hrs
($ 6 to $ 145)

---

49% more than in the United States (USA) Average price in the United States (USA): $ 40

Iceland: Budget for living and housing

Electricity, water...

$ 98/month
($ 55 to $ 155)

---

44% less than in the United States (USA) Average price in the United States (USA): $ 176

Mobile phone

$ 0.2/min.
($ 0.1 to $ 0.2)

---

25% more than in the United States (USA) Average price in the United States (USA): $ 0.1

Broadband internet

$ 66/month
($ 47 to $ 94)

---

10% less than in the United States (USA) Average price in the United States (USA): $ 73

Studio flat (city centre)

$ 1401/month
($ 1001 to $ 1922)

---

6% less than in the United States (USA) Average price in the United States (USA): $ 1501

Studio flat (suburbs)

$ 1152/month
($ 846 to $ 1549)

---

4% less than in the United States (USA) Average price in the United States (USA): $ 1204

Flat (centre)

$ 2227/month
($ 1691 to $ 3075)

---

8% less than in the United States (USA) Average price in the United States (USA): $ 2433

Flat (suburbs)

$ 1890/month
($ 1538 to $ 2461)

---

1% less than in the United States (USA) Average price in the United States (USA): $ 1912

Gym

$ 60/month
($ 47 to $ 94)

---

39% more than in the United States (USA) Average price in the United States (USA): $ 44

Private nursery

$ 271/month
($ 201 to $ 370)

---

74% less than in the United States (USA) Average price in the United States (USA): $ 1054

Private primary school

$ 6087/yr
($ 2583 to $ 9223)

---

67% less than in the United States (USA) Average price in the United States (USA): $ 18546

Iceland: Leisure activity budget

Cinema

$ 13/ticket
($ 12 to $ 16)

---

7% less than in the United States (USA) Average price in the United States (USA): $ 14

Tennis

$ 38/hr
($ 24 to $ 51)

---

111% more than in the United States (USA) Average price in the United States (USA): $ 18

Iceland: Budget for clothes and price of cigarettes

Cigarettes

$ 11/pack
($ 10.4 to $ 14)

---

22% more than in the United States (USA) Average price in the United States (USA): $ 8.8

Levi's jeans

$ 119
($ 63 to $ 155)

---

135% more than in the United States (USA) Average price in the United States (USA): $ 51

Summer dress

$ 54
($ 24 to $ 94)

---

32% more than in the United States (USA) Average price in the United States (USA): $ 41

Trainers

$ 141
($ 94 to $ 193)

---

68% more than in the United States (USA) Average price in the United States (USA): $ 84

Leather shoes

$ 180
($ 116 to $ 271)

---

66% more than in the United States (USA) Average price in the United States (USA): $ 108

Plane ticket budget

Los Angeles → Reykjavik

$ 886
(fair price: $ 775)

New York City → Reykjavik

$ 523
(fair price: $ 451)

Manchester → Reykjavik

$ 271
(fair price: $ 228)

Dublin → Reykjavik

$ 243
(fair price: $ 207)

Edinburgh → Reykjavik

$ 317
(fair price: $ 261)

Toronto (Ontario) → Reykjavik

$ 598
(fair price: $ 517)

Montreal → Reykjavik

$ 793
(fair price: $ 682)

London → Reykjavik

$ 217
(fair price: $ 180)

Sydney → Reykjavik

$ 1927
(fair price: $ 1532)

Tours and organised trips in Iceland

Recommended for you: