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:

  • $ 98 for 2 ppl.
  • $ 23 per person
  • $ 16 per person
  • Free activities

Total budget:

$ 2438* (334502 ISK)

Average budget
(traveller)

Daily budget:

  • $ 161 for 2 ppl.
  • $ 61 per person
  • $ 29 per person
  • $ 14 per person

Total budget:

$ 5111* (701190 ISK)

High budget
(tourist)

Daily budget:

  • $ 246 for 2 ppl.
  • $ 112 per person
  • $ 53 per person
  • $ 28 per person

Total budget:

$ 8769* (1203146 ISK)

* 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 53% 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):



Local prices in Reykjavik by expense type

Restaurant budget in Reykjavik

On average, budget for eating in a restaurant in Reykjavik is 56% more expensive than in the United States (USA).
Lunch
Lunch
$ 22/person
($ 14 to $ 30)

39% more than in the United States (USA)United States Average price in the United States (USA): $ 16
3 course dinner
3 course dinner
$ 64/person
($ 44 to $ 94)

120% more than in the United States (USA)United States Average price in the United States (USA): $ 29
McDonald's meal
McDonald's meal
$ 14/person
($ 13 to $ 22)

73% more than in the United States (USA)United States Average price in the United States (USA): $ 8.1
Local beer
Local beer
$ 10 for 500ml
($ 8.4 to $ 13)

100% more than in the United States (USA)United States Average price in the United States (USA): $ 5.1
Imported beer
Imported beer
$ 2.9 for 330ml
($ 1.7 to $ 3.8)

4% less than in the United States (USA)United States Average price in the United States (USA): $ 3
Cappuccino
Cappuccino
$ 4.9/cup
($ 3.8 to $ 5.5)

13% more than in the United States (USA)United States Average price in the United States (USA): $ 4.3
Fizzy drink
Fizzy drink
$ 3.1/can
($ 2.2 to $ 5)

61% more than in the United States (USA)United States Average price in the United States (USA): $ 1.9
Water bottle
Water bottle
$ 2.3/bottle
($ 1.7 to $ 3.3)

49% more than in the United States (USA)United States Average price in the United States (USA): $ 1.6

Hotel and accommodation budget in Reykjavik

On average, hotel and accommodation budget in Reykjavik is 26% more expensive than in the United States (USA).
1-star hotel
1-star hotel
$ 128/night
($ 69 to $ 218)

18% more than in the United States (USA)United States Average price in the United States (USA): $ 109
2-star hotel
2-star hotel
$ 128/night
($ 95 to $ 168)

2% more than in the United States (USA)United States Average price in the United States (USA): $ 126
3-star hotel
3-star hotel
$ 194/night
($ 131 to $ 267)

8% more than in the United States (USA)United States Average price in the United States (USA): $ 180
4-star hotel
4-star hotel
$ 298/night
($ 213 to $ 410)

14% more than in the United States (USA)United States Average price in the United States (USA): $ 262
5-star hotel
5-star hotel
$ 1094/night
($ 946 to $ 1242)

115% more than in the United States (USA)United States Average price in the United States (USA): $ 510
Hotel/Youth Hostel
Hotel/Youth Hostel
$ 137/month
($ 71 to $ 195)

1% more than in the United States (USA)United States Average price in the United States (USA): $ 136
Room with kitchen
Room with kitchen
$ 261/month
($ 176 to $ 363)

55% more than in the United States (USA)United States Average price in the United States (USA): $ 169
Hotel with swimming pool
Hotel with swimming pool
$ 198/month
($ 165 to $ 241)

20% more than in the United States (USA)United States Average price in the United States (USA): $ 165
Cottage or guest house
Cottage or guest house
$ 139/month
($ 97 to $ 188)

37% less than in the United States (USA)United States Average price in the United States (USA): $ 223
Family room
Family room
$ 279/month
($ 185 to $ 412)

60% more than in the United States (USA)United States Average price in the United States (USA): $ 175

Supermarket food budget in Reykjavik

On average, the price of supermarket food in Reykjavik is 29% more expensive than in the United States (USA).
Milk
Milk
$ 1.4/litre
($ 1.3 to $ 2.2)

67% more than in the United States (USA)United States Average price in the United States (USA): $ 0.9
Bread
Bread
$ 3.5/500g
($ 2.4 to $ 4.3)

27% more than in the United States (USA)United States Average price in the United States (USA): $ 2.7
Rice
Rice
$ 2.7/kg
($ 1.7 to $ 4.8)

32% less than in the United States (USA)United States Average price in the United States (USA): $ 4.1
Eggs
Eggs
$ 5.7/12 eggs
($ 4.2 to $ 6.9)

139% more than in the United States (USA)United States Average price in the United States (USA): $ 2.4
Cheese
Cheese
$ 15/kg
($ 10 to $ 23)

34% more than in the United States (USA)United States Average price in the United States (USA): $ 12
Chicken
Chicken
$ 18/kg
($ 14 to $ 22)

87% more than in the United States (USA)United States Average price in the United States (USA): $ 9.2
Apples
Apples
$ 2.5/kg
($ 1.6 to $ 3.3)

45% less than in the United States (USA)United States Average price in the United States (USA): $ 4.6
Oranges
Oranges
$ 2.4/kg
($ 2.2 to $ 3.3)

40% less than in the United States (USA)United States Average price in the United States (USA): $ 4.1
Tomatoes
Tomatoes
$ 3.9/kg
($ 2.4 to $ 5.5)

10% less than in the United States (USA)United States Average price in the United States (USA): $ 4.3
Potatoes
Potatoes
$ 2.2/kg
($ 1.2 to $ 3.3)

19% less than in the United States (USA)United States Average price in the United States (USA): $ 2.7
Salad
Salad
$ 2.6/salad
($ 1.1 to $ 3.3)

61% more than in the United States (USA)United States Average price in the United States (USA): $ 1.6
Water bottle
Water bottle
$ 1.9
($ 1.1 to $ 2.5)

5% more than in the United States (USA)United States Average price in the United States (USA): $ 1.9
Joint of beef
Joint of beef
$ 27/kg
($ 17 to $ 42)

102% more than in the United States (USA)United States Average price in the United States (USA): $ 13

Public and private transport budget in Reykjavik

On average, the price of transport in Reykjavik is 81% more expensive than in the United States (USA).
Bus ticket
Bus ticket
$ 3.9/ticket
($ 3.8 to $ 4.1)

75% more than in the United States (USA)United States Average price in the United States (USA): $ 2.3
Bus pass
Bus pass
$ 109/month
($ 106 to $ 112)

51% more than in the United States (USA)United States Average price in the United States (USA): $ 72
Taxi (per km)
Taxi (per km)
$ 2.7/km
($ 2 to $ 3.8)

60% more than in the United States (USA)United States Average price in the United States (USA): $ 1.7
Petrol
Petrol
$ 1.9/litre
($ 1.7 to $ 2)

176% more than in the United States (USA)United States Average price in the United States (USA): $ 0.7
Taxi (initial pick-up charge)
Taxi (initial pick-up charge)
$ 5.9
($ 5.9 to $ 8.4)

79% more than in the United States (USA)United States Average price in the United States (USA): $ 3.3
Car hire
Car hire
$ 58/24hrs
($ 1.2 to $ 182)

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

Budget for living and housing in Reykjavik

On average, the cost of housing in Reykjavik is 4% more expensive than in the United States (USA).
Electricity, water...
Electricity, water...
$ 106/month
($ 60 to $ 169)

36% less than in the United States (USA)United States Average price in the United States (USA): $ 164
Mobile phone
Mobile phone
$ 0.2/min.
($ 0 to $ 0.2)

25% more than in the United States (USA)United States Average price in the United States (USA): $ 0.1
Broadband internet
Broadband internet
$ 72/month
($ 59 to $ 102)

6% more than in the United States (USA)United States Average price in the United States (USA): $ 67
Studio flat (city centre)
Studio flat (city centre)
$ 1661/month
($ 1261 to $ 2101)

22% more than in the United States (USA)United States Average price in the United States (USA): $ 1367
Studio flat (suburbs)
Studio flat (suburbs)
$ 1367/month
($ 1009 to $ 1884)

25% more than in the United States (USA)United States Average price in the United States (USA): $ 1095
Flat (centre)
Flat (centre)
$ 2703/month
($ 2186 to $ 3782)

24% more than in the United States (USA)United States Average price in the United States (USA): $ 2195
Flat (suburbs)
Flat (suburbs)
$ 2223/month
($ 1892 to $ 2690)

28% more than in the United States (USA)United States Average price in the United States (USA): $ 1739
Gym
Gym
$ 65/month
($ 52 to $ 102)

67% more than in the United States (USA)United States Average price in the United States (USA): $ 39
Private nursery
Private nursery
$ 291/month
($ 219 to $ 404)

69% less than in the United States (USA)United States Average price in the United States (USA): $ 953
Private primary school
Private primary school
$ 7227/yr
($ 5043 to $ 16805)

55% less than in the United States (USA)United States Average price in the United States (USA): $ 16399

Leisure activity budget in Reykjavik

On average, budget for leisure activities in Reykjavik is 87% more expensive than in the United States (USA).
Cinema
Cinema
$ 14/ticket
($ 13 to $ 17)

11% more than in the United States (USA)United States Average price in the United States (USA): $ 13
Tennis
Tennis
$ 44/hr
($ 27 to $ 75)

163% more than in the United States (USA)United States Average price in the United States (USA): $ 17

Budget for clothes and price of cigarettes in Reykjavik

On average, shopping budget in Reykjavik is 89% more expensive than in the United States (USA).
Cigarettes
Cigarettes
$ 13/pack
($ 12 to $ 16)

51% more than in the United States (USA)United States Average price in the United States (USA): $ 8.1
Levi's jeans
Levi's jeans
$ 127
($ 69 to $ 161)

178% more than in the United States (USA)United States Average price in the United States (USA): $ 46
Summer dress
Summer dress
$ 53
($ 27 to $ 94)

41% more than in the United States (USA)United States Average price in the United States (USA): $ 38
Trainers
Trainers
$ 146
($ 85 to $ 177)

88% more than in the United States (USA)United States Average price in the United States (USA): $ 78
Leather shoes
Leather shoes
$ 186
($ 127 to $ 287)

89% more than in the United States (USA)United States Average price in the United States (USA): $ 98

Plane ticket budget

New York City → Reykjavik
New York City → Reykjavik
New York City → Reykjavik
$ 541
(fair price: $ 451)
Los Angeles → Reykjavik
Los Angeles  → Reykjavik
Los Angeles  → Reykjavik
$ 885
(fair price: $ 769)
Toronto (Ontario) → Reykjavik
Toronto (Ontario) → Reykjavik
Toronto (Ontario) → Reykjavik
$ 604
(fair price: $ 511)
Manchester → Reykjavik
Manchester → Reykjavik
Manchester → Reykjavik
$ 245
(fair price: $ 204)
Dublin → Reykjavik
Dublin → Reykjavik
Dublin → Reykjavik
$ 230
(fair price: $ 199)
Edinburgh → Reykjavik
Edinburgh → Reykjavik
Edinburgh → Reykjavik
$ 286
(fair price: $ 229)
Montreal → Reykjavik
Montreal → Reykjavik
Montreal → Reykjavik
$ 793
(fair price: $ 670)
London → Reykjavik
London → Reykjavik
London → Reykjavik
$ 195
(fair price: $ 157)
Sydney → Reykjavik
Sydney → Reykjavik
Sydney → Reykjavik
$ 1726
(fair price: $ 1425)
Melbourne → Reykjavik
Melbourne → Reykjavik
Melbourne → Reykjavik
$ 1548
(fair price: $ 1387)
Perth → Reykjavik
Perth → Reykjavik
Perth → Reykjavik
$ 1449
(fair price: $ 1259)
Auckland → Reykjavik
Auckland → Reykjavik
Auckland → Reykjavik
$ 1753
(fair price: $ 1514)

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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 21-10-2020.

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