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.

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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

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Adults (over 16):

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Children (under 16):

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Local prices in Iceland by expense type

Iceland: Restaurant budget

Lunch

$ 23/person
($ 15 to $ 28)

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35% more than in the United States (USA) Average price in the United States (USA): $ 17

3 course dinner

$ 58/person
($ 40 to $ 84)

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107% more than in the United States (USA) Average price in the United States (USA): $ 28

McDonald's meal

$ 14/person
($ 13 to $ 18)

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71% more than in the United States (USA) Average price in the United States (USA): $ 8.1

Local beer

$ 10.5 for 500ml
($ 8.7 to $ 11)

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117% more than in the United States (USA) Average price in the United States (USA): $ 4.8

Imported beer

$ 3 for 330ml
($ 2.6 to $ 3.8)

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1% less than in the United States (USA) Average price in the United States (USA): $ 3

Cappuccino

$ 4.9/cup
($ 3.9 to $ 5.6)

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11% more than in the United States (USA) Average price in the United States (USA): $ 4.4

Fizzy drink

$ 2.9/can
($ 1.4 to $ 4.4)

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47% more than in the United States (USA) Average price in the United States (USA): $ 1.9

Water bottle

$ 2.3/bottle
($ 1.3 to $ 3.1)

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43% more than in the United States (USA) Average price in the United States (USA): $ 1.6

Iceland: Hotel and accommodation budget

1-star hotel

$ 125/night
($ 95 to $ 171)

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16% more than in the United States (USA) Average price in the United States (USA): $ 108

2-star hotel

$ 151/night
($ 119 to $ 198)

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22% more than in the United States (USA) Average price in the United States (USA): $ 125

3-star hotel

$ 206/night
($ 136 to $ 318)

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15% more than in the United States (USA) Average price in the United States (USA): $ 180

4-star hotel

$ 290/night
($ 213 to $ 392)

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12% more than in the United States (USA) Average price in the United States (USA): $ 261

5-star hotel

$ 940/night
($ 876 to $ 1001)

---

87% more than in the United States (USA) Average price in the United States (USA): $ 504

Hotel/Youth Hostel

$ 125/month
($ 97 to $ 153)

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

Room with kitchen

$ 251/month
($ 186 to $ 339)

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49% more than in the United States (USA) Average price in the United States (USA): $ 169

Hotel with swimming pool

$ 211/month
($ 193 to $ 236)

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27% more than in the United States (USA) Average price in the United States (USA): $ 167

Cottage or guest house

$ 146/month
($ 103 to $ 256)

---

34% less than in the United States (USA) Average price in the United States (USA): $ 223

Family room

$ 275/month
($ 201 to $ 397)

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57% more than in the United States (USA) Average price in the United States (USA): $ 176

Iceland: Supermarket food budget

Milk

$ 1.4/litre
($ 1.3 to $ 1.7)

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61% more than in the United States (USA) Average price in the United States (USA): $ 0.9

Bread

$ 3.1/500g
($ 2.4 to $ 3.9)

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11% more than in the United States (USA) Average price in the United States (USA): $ 2.8

Rice

$ 3.1/kg
($ 2.2 to $ 5)

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25% less than in the United States (USA) Average price in the United States (USA): $ 4.2

Eggs

$ 5.6/12 eggs
($ 4.4 to $ 6.9)

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128% more than in the United States (USA) Average price in the United States (USA): $ 2.4

Cheese

$ 15/kg
($ 12 to $ 20)

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29% more than in the United States (USA) Average price in the United States (USA): $ 12

Chicken

$ 18/kg
($ 15 to $ 22)

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92% more than in the United States (USA) Average price in the United States (USA): $ 9.2

Apples

$ 2.6/kg
($ 2 to $ 3.5)

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44% less than in the United States (USA) Average price in the United States (USA): $ 4.8

Oranges

$ 2.6/kg
($ 2.2 to $ 3.6)

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38% less than in the United States (USA) Average price in the United States (USA): $ 4.3

Tomatoes

$ 4.4/kg
($ 3.1 to $ 6.7)

---

2% more than in the United States (USA) Average price in the United States (USA): $ 4.3

Potatoes

$ 2.4/kg
($ 1.8 to $ 3.5)

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12% less than in the United States (USA) Average price in the United States (USA): $ 2.8

Salad

$ 2.6/salad
($ 1.7 to $ 3.5)

---

55% more than in the United States (USA) Average price in the United States (USA): $ 1.7

Water bottle

$ 1.9
($ 1.1 to $ 2.6)

---

2% more than in the United States (USA) Average price in the United States (USA): $ 1.9

Joint of beef

$ 28/kg
($ 18 to $ 44)

---

118% more than in the United States (USA) Average price in the United States (USA): $ 13

Iceland: Public and private transport budget

Bus ticket

$ 4.1/ticket
($ 3.9 to $ 4.1)

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70% more than in the United States (USA) Average price in the United States (USA): $ 2.4

Bus pass

$ 113/month
($ 97 to $ 113)

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49% more than in the United States (USA) Average price in the United States (USA): $ 76

Taxi (per km)

$ 2.6/km
($ 2.2 to $ 3.5)

---

44% more than in the United States (USA) Average price in the United States (USA): $ 1.8

Petrol

$ 1.9/litre
($ 1.8 to $ 2.2)

---

151% more than in the United States (USA) Average price in the United States (USA): $ 0.8

Taxi (initial pick-up charge)

$ 6
($ 6 to $ 6.9)

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61% more than in the United States (USA) Average price in the United States (USA): $ 3.8

Car hire

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

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

Iceland: Budget for living and housing

Electricity, water...

$ 109/month
($ 63 to $ 174)

---

33% less than in the United States (USA) Average price in the United States (USA): $ 164

Mobile phone

$ 0.2/min.
($ 0.1 to $ 0.4)

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46% more than in the United States (USA) Average price in the United States (USA): $ 0.1

Broadband internet

$ 72/month
($ 53 to $ 103)

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6% more than in the United States (USA) Average price in the United States (USA): $ 69

Studio flat (city centre)

$ 1605/month
($ 1091 to $ 2181)

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15% more than in the United States (USA) Average price in the United States (USA): $ 1396

Studio flat (suburbs)

$ 1316/month
($ 873 to $ 1745)

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19% more than in the United States (USA) Average price in the United States (USA): $ 1113

Flat (centre)

$ 2530/month
($ 1919 to $ 3490)

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13% more than in the United States (USA) Average price in the United States (USA): $ 2249

Flat (suburbs)

$ 2147/month
($ 1658 to $ 2617)

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22% more than in the United States (USA) Average price in the United States (USA): $ 1767

Gym

$ 67/month
($ 53 to $ 101)

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69% more than in the United States (USA) Average price in the United States (USA): $ 40

Private nursery

$ 302/month
($ 222 to $ 394)

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69% less than in the United States (USA) Average price in the United States (USA): $ 974

Private primary school

$ 6979/yr
($ 2199 to $ 10468)

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59% less than in the United States (USA) Average price in the United States (USA): $ 17212

Iceland: Leisure activity budget

Cinema

$ 14/ticket
($ 13 to $ 16)

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8% more than in the United States (USA) Average price in the United States (USA): $ 13

Tennis

$ 39/hr
($ 27 to $ 79)

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132% more than in the United States (USA) Average price in the United States (USA): $ 17

Iceland: Budget for clothes and price of cigarettes

Cigarettes

$ 13/pack
($ 12 to $ 14)

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52% more than in the United States (USA) Average price in the United States (USA): $ 8.1

Levi's jeans

$ 131
($ 88 to $ 167)

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179% more than in the United States (USA) Average price in the United States (USA): $ 47

Summer dress

$ 60
($ 36 to $ 106)

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55% more than in the United States (USA) Average price in the United States (USA): $ 39

Trainers

$ 157
($ 106 to $ 219)

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95% more than in the United States (USA) Average price in the United States (USA): $ 81

Leather shoes

$ 201
($ 132 to $ 298)

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98% more than in the United States (USA) Average price in the United States (USA): $ 102

Plane ticket budget

Los Angeles → Reykjavik

$ 886
(fair price: $ 780)

New York City → Reykjavik

$ 523
(fair price: $ 451)

Toronto (Ontario) → Reykjavik

$ 598
(fair price: $ 514)

Manchester → Reykjavik

$ 267
(fair price: $ 225)

Dublin → Reykjavik

$ 239
(fair price: $ 201)

Edinburgh → Reykjavik

$ 316
(fair price: $ 263)

Montreal → Reykjavik

$ 793
(fair price: $ 674)

London → Reykjavik

$ 216
(fair price: $ 176)

Sydney → Reykjavik

$ 1927
(fair price: $ 1573)

Tours and organised trips in Iceland

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