Reykjavík travel budget

Reykjavík: calculate your travel budget

Sample budgets for a trip to Reykjavík

These example budgets assume a 2-week holiday in Reykjavík for 2 people.

Low budget
(backpacker)

Daily budget:

  • $ 125 for 2 ppl.
  • $ 27 per person
  • $ 17 per person
  • Free activities

Total budget:

$ 2960* (410522 ISK)

Average budget
(traveller)

Daily budget:

  • $ 209 for 2 ppl.
  • $ 65 per person
  • $ 27 per person
  • $ 15 per person

Total budget:

$ 5854* (811846 ISK)

High budget
(tourist)

Daily budget:

  • $ 287 for 2 ppl.
  • $ 112 per person
  • $ 46 per person
  • $ 29 per person

Total budget:

$ 9204* (1276506 ISK)

* estimated local budget for 2 people for 2 weeks (excluding plane tickets).



Cost of living in Reykjavík compared to United States in 2024

Compare with the average cost of living in:

On average, the cost of living in Reykjavík in 2024 is 29% higher than the average cost of living in the United States (USA).

See the graphic below for the price variation percentage by type of expense in Reykjavík in 2024 compared to average prices in the United States (USA):




Local prices in Reykjavík by expense type

Restaurant budget in Reykjavík

On average, budget for eating in a restaurant in Reykjavík is 27% more expensive than in the United States (USA).
Lunch
Lunch
$ 22/person
($ 15 to $ 30)

6% more than in the United States (USA)United States Average price in the United States (USA): $ 21
3 course dinner
3 course dinner
$ 62/person
($ 37 to $ 103)

62% more than in the United States (USA)United States Average price in the United States (USA): $ 39
McDonald's meal
McDonald's meal
$ 18/person
($ 15 to $ 19)

54% more than in the United States (USA)United States Average price in the United States (USA): $ 12
Local beer
Local beer
$ 11 for 500ml
($ 8.7 to $ 14)

80% more than in the United States (USA)United States Average price in the United States (USA): $ 6
Imported beer
Imported beer
$ 2.6 for 330ml
($ 1.8 to $ 3.4)

27% less than in the United States (USA)United States Average price in the United States (USA): $ 3.6
Cappuccino
Cappuccino
$ 5.1/cup
($ 3.6 to $ 6.5)

0% less than in the United States (USA)United States Average price in the United States (USA): $ 5.1
Fizzy drink
Fizzy drink
$ 2.9/can
($ 2.1 to $ 4)

16% more than in the United States (USA)United States Average price in the United States (USA): $ 2.5
Water bottle
Water bottle
$ 2.1/bottle
($ 1.4 to $ 3.5)

2% more than in the United States (USA)United States Average price in the United States (USA): $ 2.1

Hotel and accommodation budget in Reykjavík

On average, hotel and accommodation budget in Reykjavík is 20% more expensive than in the United States (USA).
1-star hotel
1-star hotel
$ 246/night
($ 85 to $ 795)

45% more than in the United States (USA)United States Average price in the United States (USA): $ 170
2-star hotel
2-star hotel
$ 168/night
($ 83 to $ 426)

6% more than in the United States (USA)United States Average price in the United States (USA): $ 159
3-star hotel
3-star hotel
$ 249/night
($ 93 to $ 686)

8% more than in the United States (USA)United States Average price in the United States (USA): $ 232
4-star hotel
4-star hotel
$ 324/night
($ 133 to $ 876)

5% more than in the United States (USA)United States Average price in the United States (USA): $ 310
5-star hotel
5-star hotel
$ 579/night
($ 462 to $ 835)

19% more than in the United States (USA)United States Average price in the United States (USA): $ 488
Hostel/Youth Hostel
Hostel/Youth Hostel
$ 185/month
($ 111 to $ 408)

12% more than in the United States (USA)United States Average price in the United States (USA): $ 167
Room with kitchen
Room with kitchen
$ 273/month
($ 96 to $ 863)

13% more than in the United States (USA)United States Average price in the United States (USA): $ 244
Hotel with swimming pool
Hotel with swimming pool
$ 266/month
($ 117 to $ 648)

24% more than in the United States (USA)United States Average price in the United States (USA): $ 214
Cottage or guest house
Cottage or guest house
$ 214/month
($ 108 to $ 536)

5% less than in the United States (USA)United States Average price in the United States (USA): $ 226
Family room
Family room
$ 371/month
($ 130 to $ 1173)

71% more than in the United States (USA)United States Average price in the United States (USA): $ 218

Supermarket food budget in Reykjavík

On average, the price of supermarket food in Reykjavík is 13% more expensive than in the United States (USA).
Milk
Milk
$ 1.6/litre
($ 1.4 to $ 2.2)

55% more than in the United States (USA)United States Average price in the United States (USA): $ 1.1
Bread
Bread
$ 3.7/500g
($ 2.3 to $ 7.3)

4% more than in the United States (USA)United States Average price in the United States (USA): $ 3.6
Rice
Rice
$ 3.4/kg
($ 2.1 to $ 5)

27% less than in the United States (USA)United States Average price in the United States (USA): $ 4.6
Eggs
Eggs
$ 6/12 eggs
($ 4.3 to $ 7.8)

60% more than in the United States (USA)United States Average price in the United States (USA): $ 3.7
Chicken
Chicken
$ 21/kg
($ 11 to $ 28)

62% more than in the United States (USA)United States Average price in the United States (USA): $ 13
Apples
Apples
$ 3.4/kg
($ 1.8 to $ 5.4)

36% less than in the United States (USA)United States Average price in the United States (USA): $ 5.3
Tomatoes
Tomatoes
$ 4.9/kg
($ 2.4 to $ 7.3)

1% more than in the United States (USA)United States Average price in the United States (USA): $ 4.9
Potatoes
Potatoes
$ 3.2/kg
($ 1.6 to $ 4)

4% more than in the United States (USA)United States Average price in the United States (USA): $ 3
Water bottle
Water bottle
$ 2.1
($ 0.8 to $ 3.6)

7% less than in the United States (USA)United States Average price in the United States (USA): $ 2.2

Public and private transport budget in Reykjavík

On average, the price of transport in Reykjavík is 58% more expensive than in the United States (USA).
Bus ticket
Bus ticket
$ 4.1/ticket
($ 4 to $ 4.6)

64% more than in the United States (USA)United States Average price in the United States (USA): $ 2.5
Taxi (per km)
Taxi (per km)
$ 2.3/km
($ 2.2 to $ 3.5)

33% more than in the United States (USA)United States Average price in the United States (USA): $ 1.7
Petrol
Petrol
$ 2.3/litre
($ 2.1 to $ 2.5)

136% more than in the United States (USA)United States Average price in the United States (USA): $ 1
Taxi (initial pick-up charge)
Taxi (initial pick-up charge)
$ 5.3
($ 5.3 to $ 6.4)

41% more than in the United States (USA)United States Average price in the United States (USA): $ 3.8
Car hire
Car hire
$ 66/24hrs
($ 32 to $ 127)

18% more than in the United States (USA)United States Average price in the United States (USA): $ 56

Leisure activity budget in Reykjavík

On average, budget for leisure activities in Reykjavík is 15% more expensive than in the United States (USA).
Cinema
Cinema
$ 15/ticket
($ 13 to $ 18)

3% more than in the United States (USA)United States Average price in the United States (USA): $ 15
Tennis
Tennis
$ 30/hr
($ 19 to $ 47)

28% more than in the United States (USA)United States Average price in the United States (USA): $ 23

Budget for clothes and price of cigarettes in Reykjavík

On average, shopping budget in Reykjavík is 39% more expensive than in the United States (USA).
Cigarettes
Cigarettes
$ 12/pack
($ 11 to $ 15)

19% more than in the United States (USA)United States Average price in the United States (USA): $ 11
Levi's jeans
Levi's jeans
$ 106
($ 59 to $ 160)

97% more than in the United States (USA)United States Average price in the United States (USA): $ 54
Summer dress
Summer dress
$ 45
($ 29 to $ 95)

1% more than in the United States (USA)United States Average price in the United States (USA): $ 44

Plane ticket budget

New York City → Reykjavík
New York City → Reykjavík
New York City → Reykjavík
$ 448
(fair price: $ 356)
London → Reykjavík
London → Reykjavík
London → Reykjavík
$ 137
(fair price: $ 112)
Toronto → Reykjavík
Toronto → Reykjavík
Toronto → Reykjavík
$ 523
(fair price: $ 410)
Chicago → Reykjavík
Chicago → Reykjavík
Chicago → Reykjavík
$ 717
(fair price: $ 625)
Manchester → Reykjavík
Manchester → Reykjavík
Manchester → Reykjavík
$ 213
(fair price: $ 174)
Dublin → Reykjavík
Dublin → Reykjavík
Dublin → Reykjavík
$ 210
(fair price: $ 180)

Book a flight Flight prices to Reykjavík




About this information on the cost of living in Reykjavík

The information about the cost of living in Reykjavík shown on this page comes from multiple sources, including: Numbeo, Skyscanner and Hotels.com.

The information about the cost of living in Reykjavík was updated on 14-05-2024.

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