Travel budget and cost of living in Reykjavik (Iceland) how much does a trip cost?
Planning a trip to Reykjavik? Calculate your travel budget quickly and for free with our tool. Get to grips with actual prices and the cost of living in Reykjavik in Iceland with our comprehensive and reliable information.
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.
Low budget
(backpacker)
Daily budget:
- $ 74 for 2 ppl.
- $ 27 per person
- $ 18 per person
- Free activities
Total budget:
$ 2275* (284368 ISK)
Average budget
(traveller)
Daily budget:
- $ 143 for 2 ppl.
- $ 64 per person
- $ 33 per person
- $ 16 per person
Total budget:
$ 5106* (638372 ISK)
High budget
(tourist)
Daily budget:
- $ 251 for 2 ppl.
- $ 110 per person
- $ 61 per person
- $ 31 per person
Total budget:
$ 9116* (1139740 ISK)
* estimated local budget for 2 people for 2 weeks (excluding plane tickets).
Cost of living in Reykjavik compared to United States in 2023
On average, the cost of living in Reykjavik in 2023 is 34% 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 2023 compared to average prices in the United States (USA):
Explore each type of expense in detail:
Local prices in Reykjavik by expense type
Restaurant budget in Reykjavik

($ 16 to $ 34)
1% more than in the United States (USA)


($ 45 to $ 107)
43% more than in the United States (USA)


($ 15 to $ 21)
55% more than in the United States (USA)


($ 9.1 to $ 14)
56% more than in the United States (USA)


($ 2.4 to $ 3.6)
24% less than in the United States (USA)


($ 3.6 to $ 6.6)
4% less than in the United States (USA)


($ 2.2 to $ 3.9)
11% more than in the United States (USA)


($ 1.6 to $ 3.7)
9% more than in the United States (USA)

Hotel and accommodation budget in Reykjavik

($ 59 to $ 131)
29% less than in the United States (USA)


($ 77 to $ 153)
26% less than in the United States (USA)


($ 106 to $ 281)
15% less than in the United States (USA)


($ 216 to $ 490)
4% more than in the United States (USA)


($ 1014 to $ 1560)
89% more than in the United States (USA)


($ 75 to $ 163)
8% less than in the United States (USA)


($ 181 to $ 413)
34% more than in the United States (USA)


($ 120 to $ 238)
12% less than in the United States (USA)


($ 83 to $ 162)
54% less than in the United States (USA)


($ 171 to $ 437)
37% more than in the United States (USA)

Supermarket food budget in Reykjavik

($ 1.4 to $ 2.2)
51% more than in the United States (USA)


($ 2.3 to $ 6.3)
4% less than in the United States (USA)


($ 2 to $ 6)
26% less than in the United States (USA)


($ 4.8 to $ 9.1)
27% more than in the United States (USA)


($ 10.3 to $ 26)
51% more than in the United States (USA)


($ 2 to $ 6)
32% less than in the United States (USA)


($ 2.4 to $ 7.9)
6% more than in the United States (USA)


($ 1.6 to $ 4.2)
1% less than in the United States (USA)


($ 0.8 to $ 4.2)
2% less than in the United States (USA)

Public and private transport budget in Reykjavik

($ 3.9 to $ 4.9)
59% more than in the United States (USA)


($ 2.3 to $ 4.8)
73% more than in the United States (USA)


($ 2.2 to $ 2.7)
132% more than in the United States (USA)


($ 5.9 to $ 6.8)
50% more than in the United States (USA)


($ 7.2 to $ 337)
19% less than in the United States (USA)

Leisure activity budget in Reykjavik

($ 14 to $ 23)
14% more than in the United States (USA)


($ 22 to $ 61)
123% more than in the United States (USA)

Budget for clothes and price of cigarettes in Reykjavik

($ 12 to $ 16)
32% more than in the United States (USA)


($ 65 to $ 200)
107% more than in the United States (USA)


($ 30 to $ 89)
4% more than in the United States (USA)

Plane ticket budget

(fair price: $ 115)

(fair price: $ 406)

(fair price: $ 192)

(fair price: $ 195)

(fair price: $ 196)

(fair price: $ 573)
About this information on the cost of living in Reykjavik
The information about the cost of living in Reykjavik shown on this page comes from multiple sources, including: Numbeo, Easyvoyage and Hotels.com.
The information about the cost of living in Reykjavik was updated on 26-05-2023.
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