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 2019

Cost of living: Iceland VS United States

On average, the cost of living in Iceland in 2019 is essentially the same as in United States

The graphic below shows the percentage of variation between prices in Iceland in 2019 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.

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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

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Departure city:

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Arrival city:

Main airport(s)Reykjavik

Depart on:

Return on:

Adults (over 16):

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Children (under 16):

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Local prices in Iceland by expense type

Restaurant budget in Iceland

Lunch

$ 22/person
($ 15 to $ 28)

---

37% more than United States Average price in United States: $ 16

3 course dinner

$ 54/person
($ 35 to $ 81)

---

92% more than United States Average price in United States: $ 28

McDonald's meal

$ 14/person
($ 12 to $ 17)

---

78% more than United States Average price in United States: $ 7.5

Local beer

$ 9.2 for 500ml
($ 8.4 to $ 11)

---

117% more than United States Average price in United States: $ 4.3

Imported beer

$ 2.9 for 330ml
($ 2.4 to $ 3.6)

---

6% less than in United States Average price in United States: $ 3

Cappuccino

$ 4.7/cup
($ 3.8 to $ 5.5)

---

7% more than United States Average price in United States: $ 4.3

Fizzy drink

$ 2.5/can
($ 1.3 to $ 3.8)

---

30% more than United States Average price in United States: $ 1.9

Water bottle

$ 2/bottle
($ 1.3 to $ 3)

---

34% more than United States Average price in United States: $ 1.5

Hotel and accommodation budget in Iceland

1-star hotel

$ 131/night
($ 98 to $ 182)

---

23% more than United States Average price in United States: $ 107

2-star hotel

$ 141/night
($ 107 to $ 188)

---

14% more than United States Average price in United States: $ 125

3-star hotel

$ 195/night
($ 134 to $ 290)

---

11% more than United States Average price in United States: $ 177

4-star hotel

$ 306/night
($ 228 to $ 415)

---

19% more than United States Average price in United States: $ 259

5-star hotel

$ 935/night
($ 906 to $ 964)

---

88% more than United States Average price in United States: $ 498

Hotel/Youth Hostel

$ 127/month
($ 98 to $ 157)

---

6% more than United States Average price in United States: $ 120

Room with kitchen

$ 242/month
($ 182 to $ 323)

---

48% more than United States Average price in United States: $ 164

Hotel with swimming pool

$ 218/month
($ 202 to $ 239)

---

31% more than United States Average price in United States: $ 167

Cottage or guest house

$ 156/month
($ 108 to $ 282)

---

27% less than in United States Average price in United States: $ 214

Family room

$ 298/month
($ 217 to $ 429)

---

70% more than United States Average price in United States: $ 176

Supermarket food budget in Iceland

Milk

$ 1.3/litre
($ 1.2 to $ 1.6)

---

50% more than United States Average price in United States: $ 0.9

Bread

$ 3/500g
($ 2.3 to $ 3.8)

---

8% more than United States Average price in United States: $ 2.8

Rice

$ 2.7/kg
($ 1.7 to $ 4.9)

---

31% less than in United States Average price in United States: $ 4.1

Eggs

$ 5.1/12 eggs
($ 4.2 to $ 6.1)

---

112% more than United States Average price in United States: $ 2.4

Cheese

$ 15/kg
($ 11 to $ 22)

---

32% more than United States Average price in United States: $ 12

Chicken

$ 17/kg
($ 14 to $ 21)

---

85% more than United States Average price in United States: $ 9

Apples

$ 2.5/kg
($ 1.9 to $ 3.5)

---

47% less than in United States Average price in United States: $ 4.7

Oranges

$ 2.6/kg
($ 2.2 to $ 3.5)

---

39% less than in United States Average price in United States: $ 4.3

Tomatoes

$ 4.1/kg
($ 2.5 to $ 6.5)

---

3% less than in United States Average price in United States: $ 4.2

Potatoes

$ 2.3/kg
($ 1.7 to $ 3.3)

---

16% less than in United States Average price in United States: $ 2.7

Salad

$ 2.4/salad
($ 1.6 to $ 3.3)

---

45% more than United States Average price in United States: $ 1.6

Water bottle

$ 1.8
($ 1.1 to $ 2.5)

---

3% less than in United States Average price in United States: $ 1.9

Joint of beef

$ 26/kg
($ 17 to $ 35)

---

106% more than United States Average price in United States: $ 13

Public and private transport budget in Iceland

Bus ticket

$ 3.8/ticket
($ 3.7 to $ 3.9)

---

66% more than United States Average price in United States: $ 2.3

Bus pass

$ 104/month
($ 100 to $ 109)

---

38% more than United States Average price in United States: $ 76

Taxi (per km)

$ 2.5/km
($ 2 to $ 3.7)

---

39% more than United States Average price in United States: $ 1.8

Petrol

$ 1.9/litre
($ 1.8 to $ 2)

---

140% more than United States Average price in United States: $ 0.8

Taxi (initial pick-up charge)

$ 5.9
($ 5.9 to $ 6.7)

---

68% more than United States Average price in United States: $ 3.5

Car hire

$ 47/24hrs
($ 6 to $ 145)

---

19% more than United States Average price in United States: $ 40

Budget for living and housing in Iceland

Electricity, water...

$ 98/month
($ 60 to $ 161)

---

40% less than in United States Average price in United States: $ 163

Mobile phone

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

---

67% more than United States Average price in United States: $ 0.1

Broadband internet

$ 67/month
($ 44 to $ 85)

---

1% less than in United States Average price in United States: $ 67

Studio flat (city centre)

$ 1542/month
($ 1095 to $ 2105)

---

13% more than United States Average price in United States: $ 1375

Studio flat (suburbs)

$ 1278/month
($ 927 to $ 1684)

---

19% more than United States Average price in United States: $ 1082

Flat (centre)

$ 2323/month
($ 1768 to $ 3114)

---

5% more than United States Average price in United States: $ 2231

Flat (suburbs)

$ 1977/month
($ 1599 to $ 2357)

---

14% more than United States Average price in United States: $ 1741

Gym

$ 65/month
($ 52 to $ 97)

---

62% more than United States Average price in United States: $ 40

Private nursery

$ 298/month
($ 219 to $ 379)

---

68% less than in United States Average price in United States: $ 944

Private primary school

$ 7292/yr
($ 5049 to $ 16827)

---

60% less than in United States Average price in United States: $ 18231

Leisure activity budget in Iceland

Cinema

$ 14/ticket
($ 12 to $ 15)

---

2% more than United States Average price in United States: $ 13

Tennis

$ 39/hr
($ 27 to $ 85)

---

131% more than United States Average price in United States: $ 17

Budget for clothes and price of cigarettes in Iceland

Cigarettes

$ 12/pack
($ 10.2 to $ 13)

---

50% more than United States Average price in United States: $ 7.7

Levi's jeans

$ 119
($ 69 to $ 169)

---

153% more than United States Average price in United States: $ 47

Summer dress

$ 57
($ 30 to $ 102)

---

50% more than United States Average price in United States: $ 38

Trainers

$ 151
($ 110 to $ 212)

---

91% more than United States Average price in United States: $ 79

Leather shoes

$ 189
($ 127 to $ 254)

---

86% more than United States Average price in United States: $ 102

Plane ticket budget

New York City → Reykjavik

$ 507
(fair price: $ 428)

Los Angeles → Reykjavik

$ 919
(fair price: $ 820)

Toronto (Ontario) → Reykjavik

$ 582
(fair price: $ 500)

London → Reykjavik

$ 218
(fair price: $ 181)

Manchester → Reykjavik

$ 290
(fair price: $ 247)

Dublin → Reykjavik

$ 253
(fair price: $ 207)

Edinburgh → Reykjavik

$ 342
(fair price: $ 282)

Montreal → Reykjavik

$ 745
(fair price: $ 599)

Sydney → Reykjavik

$ 1992
(fair price: $ 1725)

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