Travel budget and cost of living in Reykjavík (Iceland) how much does a trip cost?
Planning a trip to Reykjavík? Calculate your travel budget quickly and for free with our tool. Get to grips with actual prices and the cost of living in Reykjavík in Iceland with our comprehensive and reliable information.
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.
- $ 28 per person
- $ 17 per person
- Free activities
Total budget:
$ 2994* (412790 ISK)
Average budget
(traveller)
Daily budget:
- $ 209 for 2 ppl.
- $ 67 per person
- $ 28 per person
- $ 15 per person
Total budget:
$ 5944* (819448 ISK)
High budget
(tourist)
Daily budget:
- $ 285 for 2 ppl.
- $ 113 per person
- $ 47 per person
- $ 30 per person
Total budget:
$ 9280* (1279516 ISK)
* estimated local budget for 2 people for 2 weeks (excluding plane tickets).
Cost of living in Reykjavík compared to United States in 2024
On average, the cost of living in Reykjavík in 2024 is 32% 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):
Explore each type of expense in detail:
Local prices in Reykjavík by expense type
Restaurant budget in Reykjavík
![Lunch](https://www.whereandwhen.net/thumb.php?src=/site/images/budget/restaurant.jpg&w=80&h=80)
($ 14 to $ 34)
10% more than in the United States (USA)
![United States United States](/site/images/flags/etats-unis.gif)
![3 course dinner](https://www.whereandwhen.net/thumb.php?src=/site/images/budget/restaurant-menu.jpg&w=80&h=80)
($ 37 to $ 102)
63% more than in the United States (USA)
![United States United States](/site/images/flags/etats-unis.gif)
![McDonald's meal](https://www.whereandwhen.net/thumb.php?src=/site/images/budget/mcdo.jpg&w=80&h=80)
($ 16 to $ 19)
60% more than in the United States (USA)
![United States United States](/site/images/flags/etats-unis.gif)
![Local beer](https://www.whereandwhen.net/thumb.php?src=/site/images/budget/biere-locale.jpg&w=80&h=80)
($ 7.3 to $ 14)
83% more than in the United States (USA)
![United States United States](/site/images/flags/etats-unis.gif)
![Imported beer](https://www.whereandwhen.net/thumb.php?src=/site/images/budget/biere-import.jpg&w=80&h=80)
($ 1.8 to $ 3.4)
28% less than in the United States (USA)
![United States United States](/site/images/flags/etats-unis.gif)
![Cappuccino](https://www.whereandwhen.net/thumb.php?src=/site/images/budget/cappuccino.jpg&w=80&h=80)
($ 4 to $ 6.9)
3% more than in the United States (USA)
![United States United States](/site/images/flags/etats-unis.gif)
![Fizzy drink](https://www.whereandwhen.net/thumb.php?src=/site/images/budget/soda.jpg&w=80&h=80)
($ 2.1 to $ 4)
20% more than in the United States (USA)
![United States United States](/site/images/flags/etats-unis.gif)
![Water bottle](https://www.whereandwhen.net/thumb.php?src=/site/images/budget/eau.jpg&w=80&h=80)
($ 1.4 to $ 3.3)
5% more than in the United States (USA)
![United States United States](/site/images/flags/etats-unis.gif)
Hotel and accommodation budget in Reykjavík
![1-star hotel](https://www.whereandwhen.net/thumb.php?src=/site/images/budget/hotel1.jpg&w=80&h=80)
($ 81 to $ 789)
38% more than in the United States (USA)
![United States United States](/site/images/flags/etats-unis.gif)
![2-star hotel](https://www.whereandwhen.net/thumb.php?src=/site/images/budget/hotel2.jpg&w=80&h=80)
($ 83 to $ 416)
6% more than in the United States (USA)
![United States United States](/site/images/flags/etats-unis.gif)
![3-star hotel](https://www.whereandwhen.net/thumb.php?src=/site/images/budget/hotel3.jpg&w=80&h=80)
($ 95 to $ 692)
8% more than in the United States (USA)
![United States United States](/site/images/flags/etats-unis.gif)
![4-star hotel](https://www.whereandwhen.net/thumb.php?src=/site/images/budget/hotel4.jpg&w=80&h=80)
($ 135 to $ 895)
3% more than in the United States (USA)
![United States United States](/site/images/flags/etats-unis.gif)
![5-star hotel](https://www.whereandwhen.net/thumb.php?src=/site/images/budget/hotel5.jpg&w=80&h=80)
($ 452 to $ 885)
25% more than in the United States (USA)
![United States United States](/site/images/flags/etats-unis.gif)
![Hostel/Youth Hostel](https://www.whereandwhen.net/thumb.php?src=/site/images/budget/hostel.jpg&w=80&h=80)
($ 110 to $ 426)
13% more than in the United States (USA)
![United States United States](/site/images/flags/etats-unis.gif)
![Room with kitchen](https://www.whereandwhen.net/thumb.php?src=/site/images/budget/hotel_cuisine.jpg&w=80&h=80)
($ 95 to $ 877)
12% more than in the United States (USA)
![United States United States](/site/images/flags/etats-unis.gif)
![Hotel with swimming pool](https://www.whereandwhen.net/thumb.php?src=/site/images/budget/hotel_piscine.jpg&w=80&h=80)
($ 117 to $ 644)
25% more than in the United States (USA)
![United States United States](/site/images/flags/etats-unis.gif)
![Cottage or guest house](https://www.whereandwhen.net/thumb.php?src=/site/images/budget/hotel_gite.jpg&w=80&h=80)
($ 108 to $ 548)
3% less than in the United States (USA)
![United States United States](/site/images/flags/etats-unis.gif)
![Family room](https://www.whereandwhen.net/thumb.php?src=/site/images/budget/hotel_famille.jpg&w=80&h=80)
($ 132 to $ 1169)
74% more than in the United States (USA)
![United States United States](/site/images/flags/etats-unis.gif)
Supermarket food budget in Reykjavík
![Milk](https://www.whereandwhen.net/thumb.php?src=/site/images/budget/lait.jpg&w=80&h=80)
($ 1.5 to $ 2.2)
60% more than in the United States (USA)
![United States United States](/site/images/flags/etats-unis.gif)
![Bread](https://www.whereandwhen.net/thumb.php?src=/site/images/budget/pain.jpg&w=80&h=80)
($ 2.3 to $ 7.3)
2% more than in the United States (USA)
![United States United States](/site/images/flags/etats-unis.gif)
![Rice](https://www.whereandwhen.net/thumb.php?src=/site/images/budget/riz.jpg&w=80&h=80)
($ 2.1 to $ 4.8)
32% less than in the United States (USA)
![United States United States](/site/images/flags/etats-unis.gif)
![Eggs](https://www.whereandwhen.net/thumb.php?src=/site/images/budget/oeufs.jpg&w=80&h=80)
($ 4.3 to $ 6.9)
62% more than in the United States (USA)
![United States United States](/site/images/flags/etats-unis.gif)
![Chicken](https://www.whereandwhen.net/thumb.php?src=/site/images/budget/poulet.jpg&w=80&h=80)
($ 14 to $ 28)
69% more than in the United States (USA)
![United States United States](/site/images/flags/etats-unis.gif)
![Apples](https://www.whereandwhen.net/thumb.php?src=/site/images/budget/pommes.jpg&w=80&h=80)
($ 1.8 to $ 4.3)
44% less than in the United States (USA)
![United States United States](/site/images/flags/etats-unis.gif)
![Tomatoes](https://www.whereandwhen.net/thumb.php?src=/site/images/budget/tomates.jpg&w=80&h=80)
($ 2.4 to $ 6.9)
3% more than in the United States (USA)
![United States United States](/site/images/flags/etats-unis.gif)
![Potatoes](https://www.whereandwhen.net/thumb.php?src=/site/images/budget/pdt.jpg&w=80&h=80)
($ 1.6 to $ 3.9)
3% more than in the United States (USA)
![United States United States](/site/images/flags/etats-unis.gif)
![Water bottle](https://www.whereandwhen.net/thumb.php?src=/site/images/budget/bouteille-eau.jpg&w=80&h=80)
($ 0.9 to $ 3.3)
12% less than in the United States (USA)
![United States United States](/site/images/flags/etats-unis.gif)
Public and private transport budget in Reykjavík
![Bus ticket](https://www.whereandwhen.net/thumb.php?src=/site/images/budget/ticket-bus.jpg&w=80&h=80)
($ 4 to $ 4.6)
71% more than in the United States (USA)
![United States United States](/site/images/flags/etats-unis.gif)
![Taxi (per km)](https://www.whereandwhen.net/thumb.php?src=/site/images/budget/taxi.jpg&w=80&h=80)
($ 2.2 to $ 4.3)
36% more than in the United States (USA)
![United States United States](/site/images/flags/etats-unis.gif)
![Petrol](https://www.whereandwhen.net/thumb.php?src=/site/images/budget/essence.jpg&w=80&h=80)
($ 2.1 to $ 2.4)
139% more than in the United States (USA)
![United States United States](/site/images/flags/etats-unis.gif)
![Taxi (initial pick-up charge)](https://www.whereandwhen.net/thumb.php?src=/site/images/budget/taxi_priseencharge.jpg&w=80&h=80)
($ 5.3 to $ 6.5)
53% more than in the United States (USA)
![United States United States](/site/images/flags/etats-unis.gif)
![Car hire](https://www.whereandwhen.net/thumb.php?src=/site/images/budget/voiture-location.jpg&w=80&h=80)
($ 27 to $ 126)
0% less than in the United States (USA)
![United States United States](/site/images/flags/etats-unis.gif)
Leisure activity budget in Reykjavík
![Cinema](https://www.whereandwhen.net/thumb.php?src=/site/images/budget/cinema.jpg&w=80&h=80)
($ 13 to $ 19)
7% more than in the United States (USA)
![United States United States](/site/images/flags/etats-unis.gif)
![Tennis](https://www.whereandwhen.net/thumb.php?src=/site/images/budget/tennis.jpg&w=80&h=80)
($ 16 to $ 56)
26% more than in the United States (USA)
![United States United States](/site/images/flags/etats-unis.gif)
Budget for clothes and price of cigarettes in Reykjavík
![Cigarettes](https://www.whereandwhen.net/thumb.php?src=/site/images/budget/cigarette.jpg&w=80&h=80)
($ 11 to $ 14)
21% more than in the United States (USA)
![United States United States](/site/images/flags/etats-unis.gif)
![Levi's jeans](https://www.whereandwhen.net/thumb.php?src=/site/images/budget/levis.jpg&w=80&h=80)
($ 59 to $ 146)
92% more than in the United States (USA)
![United States United States](/site/images/flags/etats-unis.gif)
![Summer dress](https://www.whereandwhen.net/thumb.php?src=/site/images/budget/robe.jpg&w=80&h=80)
($ 29 to $ 96)
3% more than in the United States (USA)
![United States United States](/site/images/flags/etats-unis.gif)
Plane ticket budget
![New York City → Reykjavík](https://www.whereandwhen.net/images/illustration/thumb/80/80/oualler/-reykjavik.jpg)
(fair price: $ 346)
![Toronto → Reykjavík](https://www.whereandwhen.net/images/illustration/thumb/80/80/oualler/-reykjavik.jpg)
(fair price: $ 380)
![London → Reykjavík](https://www.whereandwhen.net/images/illustration/thumb/80/80/oualler/-reykjavik.jpg)
(fair price: $ 115)
![Chicago → Reykjavík](https://www.whereandwhen.net/images/illustration/thumb/80/80/oualler/-reykjavik.jpg)
(fair price: $ 623)
![Montreal → Reykjavík](https://www.whereandwhen.net/images/illustration/thumb/80/80/oualler/-reykjavik.jpg)
(fair price: $ 727)
![Edinburgh → Reykjavík](https://www.whereandwhen.net/images/illustration/thumb/80/80/oualler/-reykjavik.jpg)
(fair price: $ 174)
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 21-07-2024.
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