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.

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

Restaurant budget in Iceland

Lunch

$ 22/person
($ 15 to $ 30)

---

31% more than United States Average price in United States: $ 17

3 course dinner

$ 52/person
($ 40 to $ 69)

---

86% more than United States Average price in United States: $ 28

McDonald's meal

$ 14/person
($ 13 to $ 17)

---

77% more than United States Average price in United States: $ 7.6

Local beer

$ 10.2 for 500ml
($ 8.5 to $ 10.6)

---

110% more than United States Average price in United States: $ 4.9

Imported beer

$ 2.9 for 330ml
($ 2.5 to $ 3.6)

---

6% less than in United States Average price in United States: $ 3.1

Cappuccino

$ 4.8/cup
($ 3.8 to $ 5.5)

---

7% more than United States Average price in United States: $ 4.4

Fizzy drink

$ 2.6/can
($ 1.3 to $ 4.2)

---

32% more than United States Average price in United States: $ 2

Water bottle

$ 2.2/bottle
($ 1.3 to $ 3)

---

38% more than United States Average price in United States: $ 1.6

Hotel and accommodation budget in Iceland

1-star hotel

$ 128/night
($ 91 to $ 161)

---

21% more than United States Average price in United States: $ 107

2-star hotel

$ 158/night
($ 119 to $ 193)

---

27% more than United States Average price in United States: $ 125

3-star hotel

$ 212/night
($ 130 to $ 302)

---

20% more than United States Average price in United States: $ 177

4-star hotel

$ 290/night
($ 198 to $ 353)

---

13% more than United States Average price in United States: $ 259

5-star hotel

$ 972/night
($ 776 to $ 841)

---

95% more than United States Average price in United States: $ 499

Hotel/Youth Hostel

$ 127/month
($ 98 to $ 156)

---

4% less than in United States Average price in United States: $ 133

Room with kitchen

$ 243/month
($ 182 to $ 327)

---

49% more than United States Average price in United States: $ 164

Hotel with swimming pool

$ 247/month
($ 219 to $ 281)

---

49% more than United States Average price in United States: $ 167

Cottage or guest house

$ 152/month
($ 107 to $ 274)

---

29% less than in United States Average price in United States: $ 217

Family room

$ 290/month
($ 211 to $ 422)

---

65% more than United States Average price in United States: $ 176

Supermarket food budget in Iceland

Milk

$ 1.3/litre
($ 1.2 to $ 1.6)

---

49% more than United States Average price in United States: $ 0.9

Bread

$ 3/500g
($ 2.4 to $ 3.7)

---

4% more than United States Average price in United States: $ 2.8

Rice

$ 2.9/kg
($ 1.7 to $ 4.9)

---

31% less than in United States Average price in United States: $ 4.2

Eggs

$ 5.3/12 eggs
($ 4.3 to $ 6.1)

---

113% more than United States Average price in United States: $ 2.5

Cheese

$ 14/kg
($ 10.5 to $ 18)

---

24% more than United States Average price in United States: $ 12

Chicken

$ 17/kg
($ 14 to $ 21)

---

79% more than United States Average price in United States: $ 9.3

Apples

$ 2.5/kg
($ 1.9 to $ 3.1)

---

48% less than in United States Average price in United States: $ 4.9

Oranges

$ 2.6/kg
($ 2.2 to $ 3.6)

---

39% less than in United States Average price in United States: $ 4.4

Tomatoes

$ 4.2/kg
($ 3 to $ 5.1)

---

3% less than in United States Average price in United States: $ 4.3

Potatoes

$ 2.3/kg
($ 1.7 to $ 3.3)

---

18% less than in United States Average price in United States: $ 2.8

Salad

$ 2.4/salad
($ 1.7 to $ 3.1)

---

40% more than United States Average price in United States: $ 1.7

Water bottle

$ 1.8
($ 1.1 to $ 2.5)

---

6% less than in United States Average price in United States: $ 1.9

Joint of beef

$ 27/kg
($ 17 to $ 42)

---

109% more than United States Average price in United States: $ 13

Public and private transport budget in Iceland

Bus ticket

$ 3.9/ticket
($ 3.7 to $ 3.9)

---

61% more than United States Average price in United States: $ 2.4

Bus pass

$ 106/month
($ 95 to $ 110)

---

37% more than United States Average price in United States: $ 77

Taxi (per km)

$ 2.5/km
($ 2 to $ 3.3)

---

38% more than United States Average price in United States: $ 1.9

Petrol

$ 1.9/litre
($ 1.8 to $ 2)

---

141% more than United States Average price in United States: $ 0.8

Taxi (initial pick-up charge)

$ 5.9
($ 5.9 to $ 6.8)

---

60% more than United States Average price in United States: $ 3.7

Car hire

$ 51/24hrs
($ 6 to $ 145)

---

28% more than United States Average price in United States: $ 40

Budget for living and housing in Iceland

Electricity, water...

$ 98/month
($ 60 to $ 165)

---

41% less than in United States Average price in United States: $ 167

Mobile phone

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

---

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

Broadband internet

$ 71/month
($ 52 to $ 90)

---

3% more than United States Average price in United States: $ 69

Studio flat (city centre)

$ 1568/month
($ 1191 to $ 2126)

---

13% more than United States Average price in United States: $ 1395

Studio flat (suburbs)

$ 1291/month
($ 936 to $ 1701)

---

17% more than United States Average price in United States: $ 1106

Flat (centre)

$ 2381/month
($ 1870 to $ 2976)

---

5% more than United States Average price in United States: $ 2268

Flat (suburbs)

$ 2017/month
($ 1616 to $ 2552)

---

14% more than United States Average price in United States: $ 1775

Gym

$ 66/month
($ 52 to $ 98)

---

67% more than United States Average price in United States: $ 40

Private nursery

$ 296/month
($ 216 to $ 384)

---

69% less than in United States Average price in United States: $ 962

Private primary school

$ 6308/yr
($ 2143 to $ 10201)

---

65% less than in United States Average price in United States: $ 18513

Leisure activity budget in Iceland

Cinema

$ 14/ticket
($ 13 to $ 15)

---

4% more than United States Average price in United States: $ 14

Tennis

$ 39/hr
($ 28 to $ 78)

---

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)

---

46% more than United States Average price in United States: $ 8.1

Levi's jeans

$ 119
($ 69 to $ 163)

---

146% more than United States Average price in United States: $ 48

Summer dress

$ 57
($ 30 to $ 103)

---

45% more than United States Average price in United States: $ 39

Trainers

$ 153
($ 128 to $ 213)

---

91% more than United States Average price in United States: $ 81

Leather shoes

$ 201
($ 137 to $ 298)

---

95% more than United States Average price in United States: $ 103

Plane ticket budget

Los Angeles → Reykjavik

$ 889
(fair price: $ 789)

New York City → Reykjavik

$ 506
(fair price: $ 439)

Toronto (Ontario) → Reykjavik

$ 588
(fair price: $ 504)

Manchester → Reykjavik

$ 279
(fair price: $ 236)

Dublin → Reykjavik

$ 247
(fair price: $ 206)

Edinburgh → Reykjavik

$ 335
(fair price: $ 279)

London → Reykjavik

$ 214
(fair price: $ 174)

Montreal → Reykjavik

$ 762
(fair price: $ 628)

Sydney → Reykjavik

$ 1971
(fair price: $ 1684)

Recommended for you: