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 52% higher than 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.

Cities	/Iceland	View Details
Reykjavik	11% more	Travel budget and cost of living in Reykjavik
Kopavogur	1% less	Travel budget and cost of living in Kopavogur
Akureyri	19% less	Travel budget and cost of living in Akureyri
Akranes	8% less	Travel budget and cost of living in Akranes
Borgarnes	27% less	Travel budget and cost of living in Borgarnes
Dalvik	42% less	Travel budget and cost of living in Dalvik
Selfoss	33% less	Travel budget and cost of living in Selfoss

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Local prices in Iceland by expense type

Restaurant budget in Iceland

Lunch

$ 22/person
($ 15 to $ 28)

---

46% more than United States Average price in United States: $ 15

3 course dinner

$ 54/person
($ 35 to $ 67)

---

104% more than United States Average price in United States: $ 27

McDonald's meal

$ 14/person
($ 12 to $ 17)

---

82% more than United States Average price in United States: $ 7.3

Local beer

$ 10 for 500ml
($ 9 to $ 10.6)

---

139% more than United States Average price in United States: $ 4.2

Imported beer

$ 3 for 330ml
($ 2.6 to $ 3.6)

---

2% less than in United States Average price in United States: $ 3

Cappuccino

$ 4.8/cup
($ 3.7 to $ 5.7)

---

15% more than United States Average price in United States: $ 4.2

Fizzy drink

$ 2.6/can
($ 1.8 to $ 4.1)

---

43% more than United States Average price in United States: $ 1.9

Bouteille d'eau

$ 2.3/bottle
($ 1.3 to $ 3.1)

---

48% more than United States Average price in United States: $ 1.5

Hotel and accommodation budget in Iceland

1-star hotel

$ 131/night
($ 101 to $ 177)

---

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

2-star hotel

$ 143/night
($ 108 to $ 185)

---

19% more than United States Average price in United States: $ 120

3-star hotel

$ 192/night
($ 136 to $ 278)

---

10% more than United States Average price in United States: $ 175

4-star hotel

$ 308/night
($ 231 to $ 410)

---

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

5-star hotel

$ 870/night
($ 870 to $ 870)

---

76% more than United States Average price in United States: $ 496

Hotel/Youth Hostel

$ 127/month
($ 100 to $ 156)

---

4% more than United States Average price in United States: $ 122

Room with kitchen

$ 237/month
($ 180 to $ 314)

---

46% more than United States Average price in United States: $ 163

Hotel with swimming pool

$ 219/month
($ 204 to $ 242)

---

32% more than United States Average price in United States: $ 167

Gîte ou maison d'hôte

$ 161/month
($ 110 to $ 300)

---

23% less than in United States Average price in United States: $ 211

Supermarket food budget in Iceland

Milk

$ 1.4/litre
($ 1.2 to $ 1.6)

---

60% more than United States Average price in United States: $ 0.9

Bread

$ 3.1/500g
($ 2.3 to $ 4.1)

---

17% more than United States Average price in United States: $ 2.7

Rice

$ 3/kg
($ 2.3 to $ 4.5)

---

27% less than in United States Average price in United States: $ 4.1

Eggs

$ 5.3/12 eggs
($ 4.4 to $ 6.5)

---

120% more than United States Average price in United States: $ 2.4

Cheese

$ 16/kg
($ 12 to $ 20)

---

39% more than United States Average price in United States: $ 12

Chicken

$ 18/kg
($ 15 to $ 22)

---

100% more than United States Average price in United States: $ 8.9

Apples

$ 2.5/kg
($ 1.8 to $ 4.4)

---

46% less than in United States Average price in United States: $ 4.6

Oranges

$ 2.6/kg
($ 2.2 to $ 3.6)

---

37% less than in United States Average price in United States: $ 4.1

Tomatoes

$ 4.2/kg
($ 2.6 to $ 6.7)

---

1% more than United States Average price in United States: $ 4.2

Potatoes

$ 2.2/kg
($ 1.3 to $ 3.5)

---

15% less than in United States Average price in United States: $ 2.6

Salad

$ 2.4/salad
($ 1.2 to $ 3.6)

---

53% more than United States Average price in United States: $ 1.6

Bouteille d'eau

$ 1.9
($ 1.1 to $ 2.6)

---

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

Joint of beef

$ 27/kg
($ 17 to $ 36)

---

117% more than United States Average price in United States: $ 13

Public and private transport budget in Iceland

Bus ticket

$ 4.1/ticket
($ 4.1 to $ 4.2)

---

74% more than United States Average price in United States: $ 2.4

Bus pass

$ 110/month
($ 106 to $ 115)

---

48% more than United States Average price in United States: $ 75

Taxi (per km)

$ 2.6/km
($ 2.2 to $ 3.9)

---

52% more than United States Average price in United States: $ 1.8

Petrol

$ 2/litre
($ 1.8 to $ 2)

---

162% more than United States Average price in United States: $ 0.8

Taxi (initial pick-up charge)

$ 6.1
($ 6.1 to $ 7.2)

---

80% more than United States Average price in United States: $ 3.4

Car hire

$ 48/24hrs
($ 12 to $ 145)

---

22% more than United States Average price in United States: $ 40

Budget for living and housing in Iceland

Electricity, water...

$ 109/month
($ 67 to $ 179)

---

32% less than in United States Average price in United States: $ 161

Mobile phone

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

---

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

Broadband internet

$ 69/month
($ 46 to $ 91)

---

2% more than United States Average price in United States: $ 66

Studio flat (city centre)

$ 1688/month
($ 1335 to $ 2225)

---

27% more than United States Average price in United States: $ 1329

Studio flat (suburbs)

$ 1410/month
($ 985 to $ 1781)

---

36% more than United States Average price in United States: $ 1042

Flat (centre)

$ 2549/month
($ 1959 to $ 3116)

---

18% more than United States Average price in United States: $ 2163

Flat (suburbs)

$ 2119/month
($ 1647 to $ 2564)

---

26% more than United States Average price in United States: $ 1686

Gym

$ 66/month
($ 59 to $ 103)

---

70% more than United States Average price in United States: $ 39

Private nursery

$ 312/month
($ 250 to $ 384)

---

66% less than in United States Average price in United States: $ 921

Private primary school

$ 7712/yr
($ 5339 to $ 17795)

---

57% less than in United States Average price in United States: $ 18099

Leisure activity budget in Iceland

Cinema

$ 14/ticket
($ 13 to $ 15)

---

6% more than United States Average price in United States: $ 13

Tennis

$ 39/hr
($ 28 to $ 59)

---

133% more than United States Average price in United States: $ 16

Budget for clothes and price of cigarettes in Iceland

Cigarettes

$ 12/pack
($ 10.6 to $ 13)

---

59% more than United States Average price in United States: $ 7.3

Levi's jeans

$ 125
($ 72 to $ 179)

---

172% more than United States Average price in United States: $ 46

Robe d'été

$ 59
($ 36 to $ 116)

---

58% more than United States Average price in United States: $ 38

Trainers

$ 163
($ 116 to $ 224)

---

109% more than United States Average price in United States: $ 78

Leather shoes

$ 212
($ 144 to $ 312)

---

111% more than United States Average price in United States: $ 101

Plane ticket budget

New York City → Reykjavik

$ 483
(fair price: $ 396)

Los Angeles → Reykjavik

$ 862
(fair price: $ 766)

Manchester → Reykjavik

$ 298
(fair price: $ 254)

London → Reykjavik

$ 251
(fair price: $ 201)

Toronto (Ontario) → Reykjavik

$ 550
(fair price: $ 456)

Dublin → Reykjavik

$ 229
(fair price: $ 208)

Edinburgh → Reykjavik

$ 364
(fair price: $ 293)

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