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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Arrival city:

Main airport(s)Reykjavik

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Local prices in Iceland by expense type

Iceland: Restaurant budget

Lunch

$ 23/person
($ 15 to $ 28)

---

36% more than United States Average price in United States: $ 17

3 course dinner

$ 57/person
($ 42 to $ 81)

---

104% more than United States Average price in United States: $ 28

McDonald's meal

$ 15/person
($ 14 to $ 18)

---

80% more than United States Average price in United States: $ 7.9

Local beer

$ 10.5 for 500ml
($ 8.8 to $ 13)

---

117% more than United States Average price in United States: $ 4.9

Imported beer

$ 3 for 330ml
($ 2.6 to $ 3.7)

---

1% less than in United States Average price in United States: $ 3.1

Cappuccino

$ 4.9/cup
($ 3.9 to $ 5.7)

---

10% more than United States Average price in United States: $ 4.5

Fizzy drink

$ 2.9/can
($ 1.4 to $ 4.4)

---

45% more than United States Average price in United States: $ 2

Water bottle

$ 2.3/bottle
($ 1.3 to $ 3.1)

---

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

Iceland: Hotel and accommodation budget

1-star hotel

$ 127/night
($ 96 to $ 175)

---

20% more than United States Average price in United States: $ 107

2-star hotel

$ 155/night
($ 121 to $ 200)

---

25% more than United States Average price in United States: $ 125

3-star hotel

$ 208/night
($ 137 to $ 323)

---

17% more than United States Average price in United States: $ 179

4-star hotel

$ 288/night
($ 214 to $ 389)

---

12% more than United States Average price in United States: $ 260

5-star hotel

$ 997/night
($ 933 to $ 1060)

---

100% more than United States Average price in United States: $ 500

Hotel/Youth Hostel

$ 126/month
($ 97 to $ 155)

---

4% less than in United States Average price in United States: $ 132

Room with kitchen

$ 248/month
($ 185 to $ 333)

---

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

Hotel with swimming pool

$ 212/month
($ 194 to $ 238)

---

28% more than United States Average price in United States: $ 167

Cottage or guest house

$ 149/month
($ 104 to $ 263)

---

32% less than in United States Average price in United States: $ 219

Family room

$ 280/month
($ 205 to $ 404)

---

60% more than United States Average price in United States: $ 176

Iceland: Supermarket food budget

Milk

$ 1.4/litre
($ 1.3 to $ 1.6)

---

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

Bread

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

---

10% more than United States Average price in United States: $ 2.8

Rice

$ 3.1/kg
($ 2.2 to $ 5)

---

25% less than in United States Average price in United States: $ 4.2

Eggs

$ 5.6/12 eggs
($ 4.4 to $ 7)

---

126% more than United States Average price in United States: $ 2.5

Cheese

$ 15/kg
($ 11 to $ 20)

---

29% more than United States Average price in United States: $ 12

Chicken

$ 18/kg
($ 15 to $ 21)

---

88% more than United States Average price in United States: $ 9.2

Apples

$ 2.6/kg
($ 2 to $ 3.5)

---

44% less than in United States Average price in United States: $ 4.8

Oranges

$ 2.6/kg
($ 2.2 to $ 3.5)

---

38% less than in United States Average price in United States: $ 4.3

Tomatoes

$ 4.5/kg
($ 3.1 to $ 6.7)

---

5% more than United States Average price in United States: $ 4.3

Potatoes

$ 2.5/kg
($ 1.8 to $ 3.5)

---

11% less than in United States Average price in United States: $ 2.8

Salad

$ 2.6/salad
($ 1.7 to $ 3.5)

---

53% more than United States Average price in United States: $ 1.7

Water bottle

$ 1.9
($ 1.1 to $ 2.6)

---

1% less than in United States Average price in United States: $ 1.9

Joint of beef

$ 28/kg
($ 18 to $ 36)

---

114% more than United States Average price in United States: $ 13

Iceland: Public and private transport budget

Bus ticket

$ 4.2/ticket
($ 3.9 to $ 4.2)

---

70% more than United States Average price in United States: $ 2.4

Bus pass

$ 114/month
($ 97 to $ 114)

---

48% more than United States Average price in United States: $ 77

Taxi (per km)

$ 2.6/km
($ 2.2 to $ 3.5)

---

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

Petrol

$ 1.9/litre
($ 1.8 to $ 2.2)

---

149% more than United States Average price in United States: $ 0.8

Taxi (initial pick-up charge)

$ 6.1
($ 6.1 to $ 7)

---

61% more than United States Average price in United States: $ 3.8

Car hire

$ 57/24hrs
($ 6 to $ 145)

---

43% more than United States Average price in United States: $ 40

Iceland: Budget for living and housing

Electricity, water...

$ 110/month
($ 63 to $ 177)

---

33% less than in United States Average price in United States: $ 165

Mobile phone

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

---

46% more than United States Average price in United States: $ 0.1

Broadband internet

$ 75/month
($ 54 to $ 104)

---

6% more than United States Average price in United States: $ 70

Studio flat (city centre)

$ 1645/month
($ 1232 to $ 2199)

---

18% more than United States Average price in United States: $ 1396

Studio flat (suburbs)

$ 1352/month
($ 968 to $ 1759)

---

22% more than United States Average price in United States: $ 1109

Flat (centre)

$ 2535/month
($ 1935 to $ 3518)

---

12% more than United States Average price in United States: $ 2268

Flat (suburbs)

$ 2150/month
($ 1672 to $ 2639)

---

21% more than United States Average price in United States: $ 1776

Gym

$ 69/month
($ 58 to $ 102)

---

71% more than United States Average price in United States: $ 40

Private nursery

$ 304/month
($ 223 to $ 397)

---

68% less than in United States Average price in United States: $ 974

Private primary school

$ 7035/yr
($ 2217 to $ 10552)

---

59% less than in United States Average price in United States: $ 17419

Iceland: Leisure activity budget

Cinema

$ 14/ticket
($ 13 to $ 15)

---

8% more than United States Average price in United States: $ 13

Tennis

$ 42/hr
($ 29 to $ 81)

---

150% more than United States Average price in United States: $ 17

Iceland: Budget for clothes and price of cigarettes

Cigarettes

$ 13/pack
($ 12 to $ 15)

---

52% more than United States Average price in United States: $ 8.1

Levi's jeans

$ 128
($ 71 to $ 168)

---

166% more than United States Average price in United States: $ 48

Summer dress

$ 60
($ 36 to $ 107)

---

55% more than United States Average price in United States: $ 39

Trainers

$ 158
($ 125 to $ 220)

---

97% more than United States Average price in United States: $ 81

Leather shoes

$ 206
($ 133 to $ 300)

---

100% more than United States Average price in United States: $ 103

Plane ticket budget

Los Angeles → Reykjavik

$ 882
(fair price: $ 781)

New York City → Reykjavik

$ 518
(fair price: $ 447)

Toronto (Ontario) → Reykjavik

$ 598
(fair price: $ 512)

Manchester → Reykjavik

$ 271
(fair price: $ 231)

Edinburgh → Reykjavik

$ 323
(fair price: $ 269)

Dublin → Reykjavik

$ 241
(fair price: $ 201)

Montreal → Reykjavik

$ 787
(fair price: $ 665)

London → Reykjavik

$ 213
(fair price: $ 174)

Sydney → Reykjavik

$ 1927
(fair price: $ 1603)

Tours and organised trips in Iceland

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