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:

  • $ 97 for 2 ppl.
  • $ 32 per person
  • $ 21 per person
  • Free activities

Total budget:

$ 2820* (341516 ISK)

Average budget
(traveller)

Daily budget:

  • $ 248 for 2 ppl.
  • $ 75 per person
  • $ 34 per person
  • $ 17 per person

Total budget:

$ 6949* (841568 ISK)

High budget
(tourist)

Daily budget:

  • $ 315 for 2 ppl.
  • $ 129 per person
  • $ 58 per person
  • $ 34 per person

Total budget:

$ 10532* (1275596 ISK)

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



Cost of living in Reykjavík compared to United States in 2025

Compare with the average cost of living in:

On average, the cost of living in Reykjavík in 2025 is 37% 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 2025 compared to average prices in the United States (USA):

Created with Highcharts 8.2.2%+32%+32%+18%+18%+16%+16%+66%+66%+31%+31%+58%+58%Price variation between Reykjavík and United States (countrywide average) in 2025RestaurantHotelFoodTransportLeisure activitiesShopping020406080



Local prices in Reykjavík by expense type

Restaurant budget in Reykjavík

On average, budget for eating in a restaurant in Reykjavík is 32% more expensive than in the United States (USA).
Created with Highcharts 8.2.2Price (USD)Restaurant: sample prices in Reykjavík (compared to United States)2222424213136.66.62525727222221313United StatesReykjavíkLunch3 course dinnerMcDonald's mealLocal beer05101520253035404550556065707580
Lunch
Lunch
$ 25/person
($ 17 to $ 40)

9% more than in the United States (USA)United States Average price in the United States (USA): $ 22
3 course dinner
3 course dinner
$ 72/person
($ 45 to $ 123)

73% more than in the United States (USA)United States Average price in the United States (USA): $ 42
McDonald's meal
McDonald's meal
$ 22/person
($ 19 to $ 25)

69% more than in the United States (USA)United States Average price in the United States (USA): $ 13
Local beer
Local beer
$ 13 for 500ml
($ 8.1 to $ 16)

85% more than in the United States (USA)United States Average price in the United States (USA): $ 6.6
Imported beer
Imported beer
$ 3.1 for 330ml
($ 2.1 to $ 4.1)

21% less than in the United States (USA)United States Average price in the United States (USA): $ 3.9
Cappuccino
Cappuccino
$ 6/cup
($ 4.1 to $ 7.8)

7% more than in the United States (USA)United States Average price in the United States (USA): $ 5.7
Fizzy drink
Fizzy drink
$ 3.5/can
($ 2.5 to $ 4.1)

26% more than in the United States (USA)United States Average price in the United States (USA): $ 2.8
Water bottle
Water bottle
$ 2.5/bottle
($ 1.6 to $ 3.6)

8% more than in the United States (USA)United States Average price in the United States (USA): $ 2.3

Hotel and accommodation budget in Reykjavík

On average, hotel and accommodation budget in Reykjavík is 18% more expensive than in the United States (USA).
Created with Highcharts 8.2.2Price (USD)Hotel: sample prices in Reykjavík (compared to United States)168168248248349349179179257257212212284284347347188188226226United StatesReykjavík2-star hotel3-star hotel4-star hotelHostel/Youth HostelCottage or guest house0100200300255075125150175225250275325350375
1-star hotel
1-star hotel
$ 97/night
($ 97 to $ 97)

45% less than in the United States (USA)United States Average price in the United States (USA): $ 177
2-star hotel
2-star hotel
$ 212/night
($ 100 to $ 540)

26% more than in the United States (USA)United States Average price in the United States (USA): $ 168
3-star hotel
3-star hotel
$ 284/night
($ 118 to $ 773)

15% more than in the United States (USA)United States Average price in the United States (USA): $ 248
4-star hotel
4-star hotel
$ 347/night
($ 149 to $ 1336)

0% less than in the United States (USA)United States Average price in the United States (USA): $ 349
5-star hotel
5-star hotel
$ 854/night
($ 630 to $ 1155)

50% more than in the United States (USA)United States Average price in the United States (USA): $ 570
Hostel/Youth Hostel
Hostel/Youth Hostel
$ 188/month
($ 130 to $ 345)

6% more than in the United States (USA)United States Average price in the United States (USA): $ 179
Room with kitchen
Room with kitchen
$ 325/month
($ 102 to $ 1169)

23% more than in the United States (USA)United States Average price in the United States (USA): $ 266
Hotel with swimming pool
Hotel with swimming pool
$ 277/month
($ 141 to $ 575)

23% more than in the United States (USA)United States Average price in the United States (USA): $ 226
Cottage or guest house
Cottage or guest house
$ 226/month
($ 158 to $ 354)

11% less than in the United States (USA)United States Average price in the United States (USA): $ 257
Family room
Family room
$ 418/month
($ 152 to $ 1354)

90% more than in the United States (USA)United States Average price in the United States (USA): $ 220

Supermarket food budget in Reykjavík

On average, the price of supermarket food in Reykjavík is 16% more expensive than in the United States (USA).
Created with Highcharts 8.2.2Price (USD)Food: sample prices in Reykjavík (compared to United States)4.14.114145.45.43.23.26.66.624245.55.53.63.6United StatesReykjavíkEggsChickenTomatoesPotatoes01234567891011121314151617181920212223242526
Milk
Milk
$ 1.9/litre
($ 1.6 to $ 2.6)

65% more than in the United States (USA)United States Average price in the United States (USA): $ 1.2
Bread
Bread
$ 4.1/500g
($ 2.6 to $ 8.1)

4% more than in the United States (USA)United States Average price in the United States (USA): $ 3.9
Rice
Rice
$ 3.4/kg
($ 2.3 to $ 5.6)

31% less than in the United States (USA)United States Average price in the United States (USA): $ 5
Eggs
Eggs
$ 6.6/12 eggs
($ 4.8 to $ 7.8)

61% more than in the United States (USA)United States Average price in the United States (USA): $ 4.1
Chicken
Chicken
$ 24/kg
($ 13 to $ 30)

76% more than in the United States (USA)United States Average price in the United States (USA): $ 14
Apples
Apples
$ 3.4/kg
($ 1.6 to $ 5.6)

41% less than in the United States (USA)United States Average price in the United States (USA): $ 5.8
Tomatoes
Tomatoes
$ 5.5/kg
($ 2.6 to $ 7.8)

4% more than in the United States (USA)United States Average price in the United States (USA): $ 5.4
Potatoes
Potatoes
$ 3.6/kg
($ 2 to $ 4.6)

12% more than in the United States (USA)United States Average price in the United States (USA): $ 3.2
Water bottle
Water bottle
$ 2.3
($ 1.1 to $ 3.6)

3% less than in the United States (USA)United States Average price in the United States (USA): $ 2.4

Public and private transport budget in Reykjavík

On average, the price of transport in Reykjavík is 66% more expensive than in the United States (USA).
Created with Highcharts 8.2.2Price (USD)Transport: sample prices in Reykjavík (compared to United States)2.72.71.91.91182825.25.22.92.92.62.67373United StatesReykjavíkBus ticketTaxi (per km)PetrolCar hire051015202530354045505560657075808590
Bus ticket
Bus ticket
$ 5.2/ticket
($ 4.8 to $ 5.3)

87% more than in the United States (USA)United States Average price in the United States (USA): $ 2.7
Taxi (per km)
Taxi (per km)
$ 2.9/km
($ 2.5 to $ 4.8)

56% more than in the United States (USA)United States Average price in the United States (USA): $ 1.9
Petrol
Petrol
$ 2.6/litre
($ 2.3 to $ 2.7)

142% 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)
$ 6.3
($ 5.9 to $ 8.1)

56% more than in the United States (USA)United States Average price in the United States (USA): $ 4
Car hire
Car hire
$ 73/24hrs
($ 43 to $ 130)

10% less than in the United States (USA)United States Average price in the United States (USA): $ 82

Leisure activity budget in Reykjavík

On average, budget for leisure activities in Reykjavík is 31% more expensive than in the United States (USA).
Cinema
Cinema
$ 17/ticket
($ 14 to $ 19)

9% more than in the United States (USA)United States Average price in the United States (USA): $ 16
Tennis
Tennis
$ 36/hr
($ 22 to $ 62)

52% more than in the United States (USA)United States Average price in the United States (USA): $ 24

Budget for clothes and price of cigarettes in Reykjavík

On average, shopping budget in Reykjavík is 58% more expensive than in the United States (USA).
Cigarettes
Cigarettes
$ 14/pack
($ 13 to $ 16)

25% more than in the United States (USA)United States Average price in the United States (USA): $ 11
Levi's jeans
Levi's jeans
$ 129
($ 66 to $ 179)

121% more than in the United States (USA)United States Average price in the United States (USA): $ 58
Summer dress
Summer dress
$ 60
($ 32 to $ 106)

28% more than in the United States (USA)United States Average price in the United States (USA): $ 47

Plane ticket budget

London → Reykjavík
London → Reykjavík
London → Reykjavík
$ 199
(fair price: $ 158)
Manchester → Reykjavík
Manchester → Reykjavík
Manchester → Reykjavík
$ 273
(fair price: $ 218)
New York City → Reykjavík
New York City → Reykjavík
New York City → Reykjavík
$ 447
(fair price: $ 375)
Montreal → Reykjavík
Montreal → Reykjavík
Montreal → Reykjavík
$ 827
(fair price: $ 771)
Toronto → Reykjavík
Toronto → Reykjavík
Toronto → Reykjavík
$ 538
(fair price: $ 433)
Dublin → Reykjavík
Dublin → Reykjavík
Dublin → Reykjavík
$ 267
(fair price: $ 219)

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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 12-11-2024.

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