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:

  • $ 75 for 2 ppl.
  • $ 27 per person
  • $ 17 per person
  • Free activities

Total budget:

$ 2244* (310030 ISK)

Average budget
(traveller)

Daily budget:

  • $ 153 for 2 ppl.
  • $ 66 per person
  • $ 28 per person
  • $ 15 per person

Total budget:

$ 5159* (713006 ISK)

High budget
(tourist)

Daily budget:

  • $ 247 for 2 ppl.
  • $ 115 per person
  • $ 50 per person
  • $ 30 per person

Total budget:

$ 8880* (1227338 ISK)

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



Cost of living in Reykjavik compared to United States in 2024

Compare with the average cost of living in:

On average, the cost of living in Reykjavik in 2024 is 30% 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 2024 compared to average prices in the United States (USA):




Local prices in Reykjavik by expense type

Restaurant budget in Reykjavik

On average, budget for eating in a restaurant in Reykjavik is 28% more expensive than in the United States (USA).
Lunch
Lunch
$ 23/person
($ 15 to $ 34)

10% more than in the United States (USA)United States Average price in the United States (USA): $ 20
3 course dinner
3 course dinner
$ 64/person
($ 43 to $ 103)

66% more than in the United States (USA)United States Average price in the United States (USA): $ 38
McDonald's meal
McDonald's meal
$ 18/person
($ 15 to $ 19)

64% more than in the United States (USA)United States Average price in the United States (USA): $ 11
Local beer
Local beer
$ 11 for 500ml
($ 8.8 to $ 14)

83% 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
($ 1.9 to $ 3.4)

25% less than in the United States (USA)United States Average price in the United States (USA): $ 3.5
Cappuccino
Cappuccino
$ 5.2/cup
($ 3.7 to $ 6.6)

2% more than in the United States (USA)United States Average price in the United States (USA): $ 5.1
Fizzy drink
Fizzy drink
$ 2.9/can
($ 2.2 to $ 3.7)

21% 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
($ 1.5 to $ 3.2)

3% more than in the United States (USA)United States Average price in the United States (USA): $ 2

Hotel and accommodation budget in Reykjavik

On average, hotel and accommodation budget in Reykjavik is 8% more expensive than in the United States (USA).
1-star hotel
1-star hotel
$ 99/night
($ 50 to $ 205)

27% less than in the United States (USA)United States Average price in the United States (USA): $ 137
2-star hotel
2-star hotel
$ 119/night
($ 73 to $ 219)

16% less than in the United States (USA)United States Average price in the United States (USA): $ 142
3-star hotel
3-star hotel
$ 187/night
($ 94 to $ 383)

8% less than in the United States (USA)United States Average price in the United States (USA): $ 205
4-star hotel
4-star hotel
$ 307/night
($ 172 to $ 601)

5% more than in the United States (USA)United States Average price in the United States (USA): $ 293
5-star hotel
5-star hotel
$ 1003/night
($ 794 to $ 1247)

93% more than in the United States (USA)United States Average price in the United States (USA): $ 520
Hostel/Youth Hostel
Hostel/Youth Hostel
$ 134/month
($ 83 to $ 229)

5% less than in the United States (USA)United States Average price in the United States (USA): $ 141
Room with kitchen
Room with kitchen
$ 259/month
($ 140 to $ 540)

27% more than in the United States (USA)United States Average price in the United States (USA): $ 205
Hotel with swimming pool
Hotel with swimming pool
$ 187/month
($ 111 to $ 341)

0% less than in the United States (USA)United States Average price in the United States (USA): $ 188
Cottage or guest house
Cottage or guest house
$ 128/month
($ 82 to $ 227)

43% less than in the United States (USA)United States Average price in the United States (USA): $ 226
Family room
Family room
$ 284/month
($ 146 to $ 645)

49% more than in the United States (USA)United States Average price in the United States (USA): $ 191

Supermarket food budget in Reykjavik

On average, the price of supermarket food in Reykjavik is 14% more expensive than in the United States (USA).
Milk
Milk
$ 1.6/litre
($ 1.4 to $ 2.2)

58% more than in the United States (USA)United States Average price in the United States (USA): $ 1.1
Bread
Bread
$ 3.7/500g
($ 2.4 to $ 7.3)

5% more than in the United States (USA)United States Average price in the United States (USA): $ 3.6
Rice
Rice
$ 3.2/kg
($ 2.2 to $ 5.7)

27% less than in the United States (USA)United States Average price in the United States (USA): $ 4.5
Eggs
Eggs
$ 6.1/12 eggs
($ 4.3 to $ 7.9)

63% more than in the United States (USA)United States Average price in the United States (USA): $ 3.7
Chicken
Chicken
$ 20/kg
($ 14 to $ 25)

61% more than in the United States (USA)United States Average price in the United States (USA): $ 13
Apples
Apples
$ 3.2/kg
($ 1.8 to $ 5.5)

39% less than in the United States (USA)United States Average price in the United States (USA): $ 5.3
Tomatoes
Tomatoes
$ 4.9/kg
($ 2.2 to $ 7.3)

0% less than in the United States (USA)United States Average price in the United States (USA): $ 4.9
Potatoes
Potatoes
$ 3/kg
($ 1.7 to $ 3.9)

3% more than in the United States (USA)United States Average price in the United States (USA): $ 3
Water bottle
Water bottle
$ 2.2
($ 0.8 to $ 3.9)

1% more than in the United States (USA)United States Average price in the United States (USA): $ 2.2

Public and private transport budget in Reykjavik

On average, the price of transport in Reykjavik is 75% more expensive than in the United States (USA).
Bus ticket
Bus ticket
$ 4.1/ticket
($ 4 to $ 4.5)

67% more than in the United States (USA)United States Average price in the United States (USA): $ 2.5
Taxi (per km)
Taxi (per km)
$ 2.6/km
($ 2.2 to $ 3.6)

51% more than in the United States (USA)United States Average price in the United States (USA): $ 1.7
Petrol
Petrol
$ 2.3/litre
($ 2.2 to $ 2.4)

140% 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 $ 6.5)

43% more than in the United States (USA)United States Average price in the United States (USA): $ 3.7

Leisure activity budget in Reykjavik

On average, budget for leisure activities in Reykjavik is 17% more expensive than in the United States (USA).
Cinema
Cinema
$ 15/ticket
($ 13 to $ 18)

5% more than in the United States (USA)United States Average price in the United States (USA): $ 14
Tennis
Tennis
$ 31/hr
($ 19 to $ 48)

29% 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 Reykjavik

On average, shopping budget in Reykjavik is 41% more expensive than in the United States (USA).
Cigarettes
Cigarettes
$ 13/pack
($ 11 to $ 15)

21% more than in the United States (USA)United States Average price in the United States (USA): $ 10
Levi's jeans
Levi's jeans
$ 108
($ 60 to $ 147)

101% more than in the United States (USA)United States Average price in the United States (USA): $ 54
Summer dress
Summer dress
$ 46
($ 29 to $ 96)

2% more than in the United States (USA)United States Average price in the United States (USA): $ 45

Plane ticket budget

New York City → Reykjavik
New York City → Reykjavik
New York City → Reykjavik
$ 453
(fair price: $ 359)
London → Reykjavik
London → Reykjavik
London → Reykjavik
$ 126
(fair price: $ 106)
Manchester → Reykjavik
Manchester → Reykjavik
Manchester → Reykjavik
$ 206
(fair price: $ 175)
Dublin → Reykjavik
Dublin → Reykjavik
Dublin → Reykjavik
$ 204
(fair price: $ 178)
Toronto → Reykjavik
Toronto → Reykjavik
Toronto → Reykjavik
$ 553
(fair price: $ 440)
Chicago → Reykjavik
Chicago → Reykjavik
Chicago → Reykjavik
$ 703
(fair price: $ 612)

Book a flight Flight prices to Reykjavik





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, Skyscanner and Hotels.com.

The information about the cost of living in Reykjavik was updated on 25-02-2024.

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