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 49% 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	3% more	Travel budget and cost of living in Reykjavik
Kopavogur	8% less	Travel budget and cost of living in Kopavogur
Akureyri	19% less	Travel budget and cost of living in Akureyri
Dalvik	35% less	Travel budget and cost of living in Dalvik
Borgarnes	25% less	Travel budget and cost of living in Borgarnes
Akranes	23% less	Travel budget and cost of living in Akranes
Selfoss	30% less	Travel budget and cost of living in Selfoss

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Iceland: get the best price!

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Main airport(s)Reykjavik

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Local prices in Iceland by expense type

Restaurant budget in Iceland

Lunch

$ 22/person
($ 15 to $ 27)

---

44% more than United States Average price in United States: $ 15

3 course dinner

$ 53/person
($ 36 to $ 66)

---

91% more than United States Average price in United States: $ 28

McDonald's meal

$ 14/person
($ 11 to $ 17)

---

76% more than United States Average price in United States: $ 7.5

Local beer

$ 9.6 for 500ml
($ 8.7 to $ 10.5)

---

125% more than United States Average price in United States: $ 4.3

Imported beer

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

---

4% less than in United States Average price in United States: $ 3.1

Cappuccino

$ 4.8/cup
($ 3.7 to $ 5.6)

---

10% more than United States Average price in United States: $ 4.3

Fizzy drink

$ 2.6/can
($ 1.8 to $ 3.9)

---

37% more than United States Average price in United States: $ 1.9

Water bottle

$ 2.2/bottle
($ 1.3 to $ 3.1)

---

38% more than United States Average price in United States: $ 1.5

Hotel and accommodation budget in Iceland

1-star hotel

$ 130/night
($ 101 to $ 179)

---

22% more than United States Average price in United States: $ 107

2-star hotel

$ 143/night
($ 108 to $ 187)

---

18% more than United States Average price in United States: $ 121

3-star hotel

$ 192/night
($ 134 to $ 278)

---

9% more than United States Average price in United States: $ 177

4-star hotel

$ 308/night
($ 230 to $ 413)

---

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

5-star hotel

$ 868/night
($ 868 to $ 868)

---

74% more than United States Average price in United States: $ 501

Hotel/Youth Hostel

$ 128/month
($ 100 to $ 158)

---

5% more than United States Average price in United States: $ 122

Room with kitchen

$ 239/month
($ 181 to $ 317)

---

48% more than United States Average price in United States: $ 163

Hotel with swimming pool

$ 218/month
($ 202 to $ 241)

---

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

Cottage or guest house

$ 158/month
($ 109 to $ 294)

---

25% less than in United States Average price in United States: $ 212

Family room

$ 297/month
($ 223 to $ 429)

---

70% more than United States Average price in United States: $ 175

Supermarket food budget in Iceland

Milk

$ 1.3/litre
($ 1.2 to $ 1.6)

---

54% more than United States Average price in United States: $ 0.9

Bread

$ 3.1/500g
($ 2.3 to $ 3.9)

---

13% more than United States Average price in United States: $ 2.8

Rice

$ 2.7/kg
($ 2.2 to $ 4.7)

---

32% less than in United States Average price in United States: $ 4.1

Eggs

$ 5.4/12 eggs
($ 4.4 to $ 6.3)

---

123% more than United States Average price in United States: $ 2.4

Cheese

$ 15/kg
($ 12 to $ 20)

---

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

Chicken

$ 18/kg
($ 14 to $ 21)

---

90% more than United States Average price in United States: $ 9

Apples

$ 2.5/kg
($ 1.8 to $ 3.6)

---

46% less than in United States Average price in United States: $ 4.7

Oranges

$ 2.5/kg
($ 2.2 to $ 3.5)

---

41% less than in United States Average price in United States: $ 4.3

Tomatoes

$ 4.1/kg
($ 2.6 to $ 5.3)

---

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

Potatoes

$ 2.3/kg
($ 1.8 to $ 3.3)

---

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

Salad

$ 2.4/salad
($ 1.2 to $ 3.5)

---

50% more than United States Average price in United States: $ 1.6

Water bottle

$ 1.8
($ 1.1 to $ 2.6)

---

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

Joint of beef

$ 26/kg
($ 18 to $ 35)

---

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

Public and private transport budget in Iceland

Bus ticket

$ 4.1/ticket
($ 3.8 to $ 4.1)

---

67% more than United States Average price in United States: $ 2.4

Bus pass

$ 108/month
($ 103 to $ 113)

---

43% more than United States Average price in United States: $ 76

Taxi (per km)

$ 2.6/km
($ 2.2 to $ 3.8)

---

45% more than United States Average price in United States: $ 1.8

Petrol

$ 1.9/litre
($ 1.8 to $ 2)

---

154% more than United States Average price in United States: $ 0.8

Taxi (initial pick-up charge)

$ 6
($ 6 to $ 6.9)

---

74% more than United States Average price in United States: $ 3.5

Car hire

$ 47/24hrs
($ 12 to $ 145)

---

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

Budget for living and housing in Iceland

Electricity, water...

$ 106/month
($ 63 to $ 169)

---

35% 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

$ 69/month
($ 45 to $ 88)

---

2% more than United States Average price in United States: $ 67

Studio flat (city centre)

$ 1635/month
($ 1220 to $ 2179)

---

21% more than United States Average price in United States: $ 1352

Studio flat (suburbs)

$ 1352/month
($ 1046 to $ 1744)

---

27% more than United States Average price in United States: $ 1066

Flat (centre)

$ 2499/month
($ 1917 to $ 3312)

---

14% more than United States Average price in United States: $ 2210

Flat (suburbs)

$ 2098/month
($ 1744 to $ 2615)

---

22% more than United States Average price in United States: $ 1725

Gym

$ 65/month
($ 53 to $ 101)

---

68% more than United States Average price in United States: $ 39

Private nursery

$ 305/month
($ 228 to $ 376)

---

67% less than in United States Average price in United States: $ 944

Private primary school

$ 7551/yr
($ 5228 to $ 17423)

---

58% less than in United States Average price in United States: $ 18299

Leisure activity budget in Iceland

Cinema

$ 14/ticket
($ 13 to $ 15)

---

3% more than United States Average price in United States: $ 13

Tennis

$ 39/hr
($ 29 to $ 79)

---

140% more than United States Average price in United States: $ 16

Budget for clothes and price of cigarettes in Iceland

Cigarettes

$ 12/pack
($ 10.5 to $ 14)

---

61% more than United States Average price in United States: $ 7.5

Levi's jeans

$ 125
($ 71 to $ 175)

---

165% more than United States Average price in United States: $ 47

Summer dress

$ 58
($ 36 to $ 106)

---

55% more than United States Average price in United States: $ 38

Trainers

$ 159
($ 114 to $ 219)

---

101% more than United States Average price in United States: $ 79

Leather shoes

$ 206
($ 140 to $ 306)

---

103% more than United States Average price in United States: $ 102

Plane ticket budget

New York City → Reykjavik

$ 502
(fair price: $ 414)

Los Angeles → Reykjavik

$ 900
(fair price: $ 793)

Toronto (Ontario) → Reykjavik

$ 576
(fair price: $ 475)

London → Reykjavik

$ 228
(fair price: $ 190)

Manchester → Reykjavik

$ 305
(fair price: $ 255)

Dublin → Reykjavik

$ 245
(fair price: $ 208)

Montreal → Reykjavik

$ 692
(fair price: $ 555)

Edinburgh → Reykjavik

$ 352
(fair price: $ 284)

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