Travel budget and cost of living in Reykjavik (Iceland) how much does a trip cost?

Reykjavik travel budget

Reykjavik: calculate your travel budget

Sample budgets for a trip to Reykjavik

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

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

Cost of living in Reykjavik compared to Iceland in 2020

On average, the cost of living in Reykjavik in 2020 is 51% 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 Reykjavik in 2020 compared to average prices in the United States (USA):

Iceland: get the best price!

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Arrival city:

Main airport(s)Reykjavik

Depart on:

Return on:

Adults (over 16):

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Children (under 16):

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Babies (under 2):

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Class:

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Local prices in Reykjavik by expense type

Restaurant budget in Reykjavik

Lunch

$ 23/person
($ 17 to $ 27)

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35% more than in the United States (USA) Average price in the United States (USA): $ 17

3 course dinner

$ 66/person
($ 45 to $ 83)

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137% more than in the United States (USA) Average price in the United States (USA): $ 28

McDonald's meal

$ 14/person
($ 14 to $ 18)

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73% more than in the United States (USA) Average price in the United States (USA): $ 8.1

Local beer

$ 10.4 for 500ml
($ 9.6 to $ 13)

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116% more than in the United States (USA) Average price in the United States (USA): $ 4.8

Imported beer

$ 2.9 for 330ml
($ 2 to $ 3.5)

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4% less than in the United States (USA) Average price in the United States (USA): $ 3

Cappuccino

$ 4.9/cup
($ 3.9 to $ 5.6)

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10% more than in the United States (USA) Average price in the United States (USA): $ 4.4

Fizzy drink

$ 3.1/can
($ 1.8 to $ 4.3)

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59% more than in the United States (USA) Average price in the United States (USA): $ 1.9

Water bottle

$ 2.3/bottle
($ 1.4 to $ 3)

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46% more than in the United States (USA) Average price in the United States (USA): $ 1.6

Hotel and accommodation budget in Reykjavik

1-star hotel

$ 132/night
($ 70 to $ 226)

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23% more than in the United States (USA) Average price in the United States (USA): $ 108

2-star hotel

$ 130/night
($ 96 to $ 169)

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4% more than in the United States (USA) Average price in the United States (USA): $ 125

3-star hotel

$ 214/night
($ 132 to $ 365)

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20% more than in the United States (USA) Average price in the United States (USA): $ 180

4-star hotel

$ 294/night
($ 210 to $ 406)

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13% more than in the United States (USA) Average price in the United States (USA): $ 261

5-star hotel

$ 1062/night
($ 917 to $ 1206)

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111% more than in the United States (USA) Average price in the United States (USA): $ 504

Hotel/Youth Hostel

$ 138/month
($ 71 to $ 198)

---

4% more than in the United States (USA) Average price in the United States (USA): $ 133

Room with kitchen

$ 259/month
($ 174 to $ 359)

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54% more than in the United States (USA) Average price in the United States (USA): $ 169

Hotel with swimming pool

$ 202/month
($ 170 to $ 247)

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22% more than in the United States (USA) Average price in the United States (USA): $ 167

Cottage or guest house

$ 176/month
($ 98 to $ 367)

---

20% less than in the United States (USA) Average price in the United States (USA): $ 223

Family room

$ 284/month
($ 187 to $ 426)

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62% more than in the United States (USA) Average price in the United States (USA): $ 176

Supermarket food budget in Reykjavik

Milk

$ 1.4/litre
($ 1.3 to $ 1.6)

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56% more than in the United States (USA) Average price in the United States (USA): $ 0.9

Bread

$ 3.5/500g
($ 2.4 to $ 4.5)

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23% more than in the United States (USA) Average price in the United States (USA): $ 2.8

Rice

$ 2.9/kg
($ 2.2 to $ 4.8)

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31% less than in the United States (USA) Average price in the United States (USA): $ 4.2

Eggs

$ 5.6/12 eggs
($ 4.3 to $ 6.9)

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132% more than in the United States (USA) Average price in the United States (USA): $ 2.4

Cheese

$ 15/kg
($ 11 to $ 23)

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31% more than in the United States (USA) Average price in the United States (USA): $ 12

Chicken

$ 18/kg
($ 14 to $ 22)

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87% more than in the United States (USA) Average price in the United States (USA): $ 9.2

Apples

$ 2.5/kg
($ 1.9 to $ 3.5)

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47% less than in the United States (USA) Average price in the United States (USA): $ 4.8

Oranges

$ 2.4/kg
($ 2.2 to $ 3)

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44% less than in the United States (USA) Average price in the United States (USA): $ 4.3

Tomatoes

$ 4.2/kg
($ 2.5 to $ 5.7)

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3% less than in the United States (USA) Average price in the United States (USA): $ 4.3

Potatoes

$ 2.3/kg
($ 1.3 to $ 3.5)

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20% less than in the United States (USA) Average price in the United States (USA): $ 2.8

Salad

$ 2.5/salad
($ 2 to $ 3.5)

---

52% more than in the United States (USA) Average price in the United States (USA): $ 1.7

Water bottle

$ 1.8
($ 1.1 to $ 2.6)

---

9% less than in the United States (USA) Average price in the United States (USA): $ 1.9

Joint of beef

$ 26/kg
($ 17 to $ 36)

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96% more than in the United States (USA) Average price in the United States (USA): $ 13

Public and private transport budget in Reykjavik

Bus ticket

$ 4.1/ticket
($ 3.9 to $ 4.1)

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69% more than in the United States (USA) Average price in the United States (USA): $ 2.4

Bus pass

$ 112/month
($ 108 to $ 112)

---

48% more than in the United States (USA) Average price in the United States (USA): $ 76

Taxi (per km)

$ 2.7/km
($ 2.2 to $ 3.8)

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48% more than in the United States (USA) Average price in the United States (USA): $ 1.8

Petrol

$ 1.9/litre
($ 1.8 to $ 2)

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153% more than in the United States (USA) Average price in the United States (USA): $ 0.8

Taxi (initial pick-up charge)

$ 6
($ 6 to $ 6.8)

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60% more than in the United States (USA) Average price in the United States (USA): $ 3.8

Car hire

$ 58/24hrs
($ 1.2 to $ 182)

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46% more than in the United States (USA) Average price in the United States (USA): $ 40

Budget for living and housing in Reykjavik

Electricity, water...

$ 108/month
($ 61 to $ 175)

---

34% less than in the United States (USA) Average price in the United States (USA): $ 164

Mobile phone

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

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37% more than in the United States (USA) Average price in the United States (USA): $ 0.1

Broadband internet

$ 73/month
($ 61 to $ 91)

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7% more than in the United States (USA) Average price in the United States (USA): $ 69

Studio flat (city centre)

$ 1752/month
($ 1389 to $ 2170)

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26% more than in the United States (USA) Average price in the United States (USA): $ 1396

Studio flat (suburbs)

$ 1451/month
($ 1085 to $ 1737)

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31% more than in the United States (USA) Average price in the United States (USA): $ 1113

Flat (centre)

$ 2712/month
($ 2170 to $ 3646)

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21% more than in the United States (USA) Average price in the United States (USA): $ 2249

Flat (suburbs)

$ 2268/month
($ 1910 to $ 2777)

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29% more than in the United States (USA) Average price in the United States (USA): $ 1767

Gym

$ 66/month
($ 55 to $ 97)

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64% more than in the United States (USA) Average price in the United States (USA): $ 40

Private nursery

$ 293/month
($ 220 to $ 391)

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69% less than in the United States (USA) Average price in the United States (USA): $ 974

Private primary school

$ 8968/yr
($ 5208 to $ 17356)

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47% less than in the United States (USA) Average price in the United States (USA): $ 17212

Leisure activity budget in Reykjavik

Cinema

$ 14/ticket
($ 13 to $ 15)

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8% more than in the United States (USA) Average price in the United States (USA): $ 13

Tennis

$ 42/hr
($ 29 to $ 79)

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153% more than in the United States (USA) Average price in the United States (USA): $ 17

Budget for clothes and price of cigarettes in Reykjavik

Cigarettes

$ 13/pack
($ 12 to $ 14)

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51% more than in the United States (USA) Average price in the United States (USA): $ 8.1

Levi's jeans

$ 122
($ 71 to $ 165)

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162% more than in the United States (USA) Average price in the United States (USA): $ 47

Summer dress

$ 53
($ 36 to $ 79)

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36% more than in the United States (USA) Average price in the United States (USA): $ 39

Trainers

$ 151
($ 106 to $ 183)

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87% more than in the United States (USA) Average price in the United States (USA): $ 81

Leather shoes

$ 198
($ 131 to $ 279)

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94% more than in the United States (USA) Average price in the United States (USA): $ 102

Plane ticket budget

Los Angeles → Reykjavik

$ 886
(fair price: $ 780)

New York City → Reykjavik

$ 523
(fair price: $ 451)

Toronto (Ontario) → Reykjavik

$ 598
(fair price: $ 514)

Manchester → Reykjavik

$ 267
(fair price: $ 225)

Dublin → Reykjavik

$ 239
(fair price: $ 201)

Edinburgh → Reykjavik

$ 316
(fair price: $ 263)

Montreal → Reykjavik

$ 793
(fair price: $ 674)

London → Reykjavik

$ 216
(fair price: $ 176)

Sydney → Reykjavik

$ 1927
(fair price: $ 1574)

Tours and organised trips in Iceland

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