iceland trip cost for two

My Actual Iceland Trip Cost: Detailed Budget Breakdown

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How much does an Iceland trip cost? A LOT OF MONEY! Ha. This is a famously expensive destination. But in all seriousness, Iceland gives you quite a bit of value for that money.

Recently my friend Amanda from A Dangerous Business and I took a 13-day road trip to Iceland in August 2022. This is one of the best trips I’ve taken in a very long time — but holy hell, was it expensive!

We were traveling at peak season, plus it was the biggest travel summer in three years, making it a popular time for travelers (and expensive time for both rental cars and gas).

I know it can be helpful to see what other people paid for trips to Iceland, so here’s a detailed Iceland trip budget. I hope this is helpful for you to plan your own Iceland trip!

Table of Contents

Is Iceland Expensive?

Yes, Iceland is very expensive. It’s one of the most expensive countries of the 80+ I’ve visited, up there with Sweden and Australia, though I think Norway and Switzerland are a TINY BIT more expensive than Iceland.

There are reasons for this. Iceland is an isolated island, and they have to import the vast majority of supplies. Most fresh produce is grown outside Iceland and shipped in.

And like all of the Nordic countries, Iceland has a high cost of living. It’s not as jarring for locals, who earn high salaries — thanks in part to more than 90% of Icelandic workers being part of a labor union — and having their taxes pay for healthcare, education, infrastructure, and an excellent quality of life.

The time of year has a huge impact on your costs, too. Summer travel — considered mid-May through August — is much more expensive, and for good reason. Summer is the best time to travel Iceland, as everything is open, weather is at its best, tons of tours are running, and the roads are in much better condition.

Winter can be much cheaper and far less crowded, but keep in mind it can be very cold, very dark, and you may have to deal with winter storms and road closures.

Your Iceland trip cost can be as low as $100-150 USD per day if you hitchhike and camp or stay in hostel dorms. More realistically, I think $250+ USD per day will land you a much nicer trip .

In August 2022 we spent around $400 USD for gas to drive the Ring Road in its entirety, plus a few detours like Snaefellsnes and Húsavík.

We found the cheapest non-terrible hotel rooms with shared bath to be around $82 per night , but in expensive areas like Lake Myvatn, that could be as high as $300+.

The cheapest item on restaurant or gas station menus is a hot dog, usually for around $6 USD . An entree in a restaurant is often $25-30. But the best way to save money is to buy groceries.

How I Budgeted My Iceland Trip

Tracking travel expenses is a relatively new thing for me. People have often asked me for budget breakdowns, but I haven’t kept close track until I started using YNAB (You Need a Budget) software in 2020.

Guys, YNAB is the best thing I have ever done for my finances. It literally changed my life. My finances are so much better than they used to be, and I have a much better system of budgeting for trips and saving up over time!

If you want to try YNAB, you can get a free monthlong trial through my link . (If you sign up, they’ll give me a free month of YNAB.)

During your free monthlong trial, join in YNAB’s live Zoom tutorial sessions — they have several each week. They’re super helpful. And join the YNAB Facebook group and/or subreddit. It takes a bit of time to wrap your head around, so make the effort. I promise you it’s so, so worth it.

Since I started YNAB, along with Profit First, I allocate 30% of my travel blogging revenue to operating expenses — 20% to admin and 10% to travel costs. (You can do the same by budgeting a set amount for travel per month or per paycheck.)

Over time I automatically transferred that money directly into my “General Travel” category, then the “Iceland Trip 8/22” category, and as I made expenses before and during the trip, automatically deducted from money set aside for that trip.

As soon as Amanda and I decided to do this trip, we booked flights, our rental car, all accommodation, and several activities. We kept track of Iceland costs on a Google Docs spreadsheet. After arriving in Iceland, we took turns paying for mutual expenses on the road, like gas, but paid other expenses separately, like food. We used credit cards for every single purchase.

After the trip, we went through our credit card bills and added our mutual expenses to the spreadsheet, saw who had paid more, and Venmo’d the difference. Easy!

We kept track of everything in USD, as it was easier for us to just go by our actual credit card statements than go through and convert lots of receipts.

Our Travel Style

In an expensive destination like Iceland, it’s smart to drop down a travel level . I usually stay in mid-range hotels with occasional high-end splurges, as does Amanda, but on this trip we stayed in the cheapest budget hotels with non-terrible ratings, often with shared bathrooms.

Food-wise, we mainly ate in restaurants and cafes. A few hotels included breakfast. We bought groceries for breakfast in Akureyri.

Additionally, many accommodation prices were actually charged in Euros, not Icelandic Kroner, and the Euro dropped significantly against the US dollar between when we initially booked (June 2022) and when we traveled (August 2022).

For example, our Akureyri Airbnb was set to charge us in two payments of 334.39 euros. They ended up charging us $359.17 for the first payment and $342.88 for the second payment thanks to the euro dropping.

Finally — if you’re traveling with a friend, I can’t overstate the importance of being on the same financial page. Have conversations early and often about how you want to spend your money, with specific numbers, before booking anything.

Luckily, Amanda and I were in agreement on our priorities. We cared about spending lots of money on activities and didn’t care as much about food or accommodation (save a few cool spots).

Amanda published a post about a 10-day Iceland itinerary that is definitely worth checking out!

Total Cost of Iceland Trip: $4303.11 each or $8606.21 for two

This is for two people sharing accommodation, car rental, and gas, and paying for their own activities and food.

I tracked every expense except Amanda’s airfare and food, but for cost-for-two purposes, let’s assume she spent the same amount as me on those two categories.

• Airfare: $548.20 for Kate (approximately $1096.40 for two)
• Car Rental and Ground Transportation: $2608.04 for two or $1304.02 each

Accommodation: $2371.80 for two or $1185.90 each

Food: $690.60 for kate (approximately $1381.20 for two), activities: $1,141.81 for two or $570.91 each, restrooms: $6.96 for two or $3.48 each, souvenirs: $0.

Airfare: $548.20 for me

• Flixbus, Prague Florenc to Vienna Airport: $50.98
• Vienna to Reykjavík on WizzAir: $260.14
• Reykjavík to Prague on Play: $237.08

Airfare can depend on a million different factors; this is simply what I spent flying from my home in Prague. Amanda flew from her home in Cleveland via a layover in Boston. These flight prices include checked luggage; I didn’t end up using checked luggage, so they could have been cheaper.

There are direct flights from Prague to Reykjavík on Play, but they get in at 12:30 AM and I didn’t want to deal with that (especially since that would be 2:30 AM to my Prague body — and then you have to rent a car, drive 45 minutes to Reykjavík, check into the hotel…)

Prague’s bus station is an 8-minute walk from my apartment, so sometimes I just book a flight from Vienna and take a 4.5-hour bus directly to the Vienna airport. Vienna’s WizzAir flight to Reykjavík gets in at a much more reasonable 6:30 PM, so that worked for me.

How to Make it Cheaper: It’s hard to siphon down airfare costs, but you can save by flying carry-on only or planning a trip during the winter. For cheap flights from North America, I recommend booking 3-6 months in advance as soon as you spot a good fare.

Car Rental and Ground Transportation: $2615.30 for two or $1307.65

• Car rental, 12 days: $1991.32
• Extra driver fee: $25.65
• Gas: $400.71
• Tunnels: $54.30
• Parking: $40.77
• Ferry: $102.55

Car Rental: This was our biggest expense of the trip, not least because there has been a car rental shortage since COVID began. This was the price for an automatic sedan (we got a Toyota Corolla) for 13 days. Our rental was at Europcar, right in the airport terminal; this was a priority for me, as I wanted to get out quickly and many rental companies are located a 15-20-minute drive from the airport.

Gas: We filled up gas most days and tried to fill up frequently, as gas stations are often far apart.

Tunnels: There is only one paid tunnel in Iceland, just east of Akureyri. Many people driving the Ring Road only pass through the tunnel once, but our schedule and itinerary had us going through it five times total for an average of $10.86 each time.

Parking: While free in most locations, we ultimately paid for parking at Fagradalsfjall Volcano ($7.33), Kirkjufellsfoss ($5.13), Hverir ($5.05), Skaftafell for Svartifoss ($7.26), Kvernufoss ($5.33) and Seljalandsfoss/Gljúfrabúi ($10.67).

Ferry: We took the Westman Islands ferry round-trip with our car for $102.55. We could have done it without the car for cheaper, but we both enormously appreciated how much easier having a car made things.

How To Make it Cheaper: Renting a manual car is cheaper than an automatic car, but you need to be willing to drive a manual car. Renting from an off-site car rental spot is a good option for saving a bit more. You can also plan an itinerary that doesn’t go through the tunnel five times!

• 201 Hotel in Kópavogur, near Reykjavík (1 night): $177.34
• Hamralid 9 Guesthouse in Grundarfjördur (2 nights): $185.94 for two nights or $92.97 per night
• Hvammur 2 Guesthouse near Blönduós (1 night): $82.05
• Airbnb rental in Akureyri (3 nights): $702.05 for three nights or $234.02 per night
• Sel Hotel in Myvatn (1 night): $347.06
• Lyngas Guesthouse in Egilsstadir (1 night): $146.79
• Hotel Smyrlabjörg near Jökulsárlón (1 night): $213.12
• Puffin Hotel in Vík (1 night): $277.21
• Glamping and Camping in the Westman Islands, plus linens (1 night): $93.40
• Asahraun Guesthouse near Selfoss (1 night): $146.84

As you can see, our search for budget stays led to an enormous range of accommodation costs — from $82.05 to $347.06 per night! Our average cost of accommodation was $182.45 per night.

All of our hotels offered private rooms; some had shared bathrooms. We shared a single room everywhere except the Airbnb apartment in Akureyri, which had two bedrooms.

In terms of value for money, I think that we enjoyed immense value at Asahraun Guesthouse near Selfoss, with our adorable little hobbit house, hot tub on site, and lots of cozy amenities. The shower was shared with two other houses but we had our own toilet and sink, which was great.

And Hvammur 2 Guesthouse near Blönduós was a cheap and cozy place that reminded me how hostels used to be: people hanging out, watching TV together or cooking in the kitchen. We never even got formally checked in; we just got an email with our room number and were told to enjoy ourselves!

The worst value? Sel Hotel in Myvatn, by far, at $347.06 per night for a basic twin hotel room with private bathroom and breakfast included. Yikes!

Lake Myvatn in general was shockingly expensive and super-crowded. I’ve heard you can save money by staying in Húsavík instead; it’s an hour’s drive away.

How to Make it Cheaper: These were the cheapest non-terrible hotels we could find during the peak summer months, two months before our trip. You can also stay in hostel dorms or camp for less.

Hiring a camper van sometimes ends up a bit cheaper than a budget hotel, but the difference isn’t usually significant. Don’t get a camper van to save money; only get a camper van if you want that style of trip.

• Groceries: $20.32
• Lunch Kate bought for 2 at Godafoss: $11.24
• Kate’s restaurant expenses: $674.82

Iceland is not a place you go to for the food. The food isn’t terrible, but it isn’t special, either, and I don’t think there’s much of a need to splurge.

We mainly ate at restaurants and cafes throughout our trip. Though we generally kept things cheap, we did have the occasional splurge (Gott in the Westman Islands was lovely, as was Naustið in Húsavík, and we enjoyed langoustine sandwiches at Z Bistro in Höfn). We only had a few alcoholic beverages throughout the trip: a fancy cocktail each at Gott, and I sampled a few local craft beers throughout the trip.

We bought groceries to cover our three breakfasts in Akureyri (yogurt, fruit, bread and butter).

How to Make it Cheaper: Self-cater all the way. Shopping at the grocery store is one of the easiest ways to save money in Iceland. If you do eat out, usually the cheapest thing on the menu is a hot dog, whether at a restaurant or gas station.

Activities are where we went nuts. Keep in mind that this trip was for work reasons, though. We had a lot we wanted to write about!

Paid Activities

• Thermal Baths: $427.04 for two or $213.52 each
• Tours and Activities: $541.20 for two or $270.60 each
• Museums: $155 for two or $77.50 each
• Outdoor Attractions: $18.57 for two or $9.29 each

Thermal baths included Krauma in Reykholt ($71.82 for two or $35.91 each), the Forest Lagoon in Akureyri ($87.17 for two or $43.59 each), GeoSea in Húsavík ($80.04 for two or $40.02 each), Myvatn Nature Baths in Myvatn ($86.62 for two or $43.31 each), Vök Baths in Egilsstadir ($87.17 for two or $43.59 each), and Vestmannaeyjar Swimming Pool in the Westman Islands ($14.22 for two or $7.11 each).

Tours and activities included whale watching in Húsavík ($157.02 for two or $78.51 each), horseback riding in Húsavík ($167.35 for two or $83.68 each), and a RIB boat trip in the Westman Islands ($216.83 for two or $108.42 each).

Museums included the Bjarnarhöfn Shark Museum in Bjarnarhöfn ($20.52 for two or $10.26 each), Herring Era Museum in Siglufjördur ($32.02 for two or $16.01 each), Whale Museum in Húsavík ($25.34 for two or $12.67 each — included a small discount from our whale watch), Jaja Ding Dong Eurovision Museum in Húsavík ($14.44 for two or $7.22 each), Petra’s Stone Collection in Stöðvarfjörður ($21.46 for two or $10.73 each), and Eldheimar in the Westman Islands ($41.22 for two or $20.61 each).

Outdoor attractions included Stokksnes , including Viking Village ($12.88 for two or $6.33 each), and Kerid Crater ($5.69 for two or $2.85 each).

Free Activities

And a nice thing about Iceland is that lots of outdoor activities are free!

• Hiking to the volcano (paid parking)
• Free waterfalls: Svodufoss, Bjarnarfoss, Glanni, Reykjafoss, Goðafoss, Dettifoss, Gufufoss, Folaldafoss, Nykurhylsfoss (Sveinsstekksfoss), Skógafoss, Hestavadsfoss, Gluggafoss
• Free waterfalls that charged for parking: Kirkjufellsfoss, Hundafoss/Svartifoss, Kvernufoss, Seljalandsfoss/Gljúfrabúi
• Free canyons: Rauðfeldsgjá Gorge, Kolugljúfur Canyon, Stuðlagil Canyon, Múlagljúfur Canyon, Fjaðrárgljúfur Canyon
• Free lagoons and beaches: Skarðsvík, Djúpalónssandur, Jökulsárlon, Fjallsárlón, Diamond Beach, Reynisfjara Beach
• Free outdoor sites: Saxhóll Crater, Hvitserkur, Hofsós basalt columns, Skútustaðagígar, Dimmuborgir Lava Field, Grjótagjá Cave, Hverir, Seydisfjördur Rainbow Street, Eggin í Gleðivík
• Free churches: Ingjaldshólskirkja, Búðakirkja, Stykkishólmskirkja Víðimýrikirkja, Grafarkirkja, Hofskirkja
• Free indoor sites: Akureyri Christmas House
• Free viewpoints: TOO MANY TO COUNT.

Comped Activities

As travel bloggers, Amanda and I wanted to pay for things on this trip ourselves and have full editorial freedom, rather than get free stuff and feel indebted to companies.

Still, thanks to our connections, we were kindly offered comped entry for two hot springs that we planned to cover anyway (and one I had previously covered two months earlier): the Sky Lagoon and Hvammsvik.

• Sky Lagoon : $143.82 for two or $71.91 each (Pure Package, which I think is the package most worth it)
• Hvammsvik : $100.24 for two or $50.12 each

Best Activities Overall

Almost everything we did was excellent and I would happily do again. At the same time, I understand that most travelers are going for fun, not work, and need to pick and choose their spending more carefully than we did.

For thermal baths, I absolutely adored the modern, funky Vök Baths in Egilsstadir, with the gorgeous natural facilities of Hvammsvik second. GeoSea is a great place with spectacular views on a nice day, and if you’re basing in Reykjavík, the Sky Lagoon is worth it if you include the Seven-Step Ritual.

For paid activities, one of the best things we did was our RIB boat trip in the Westman Islands . It was so fun, we immediately regretted doing the one-hour trip instead of the two-hour trip!

Also, if you want to go whale watching in Iceland, do it in Húsavík if you can, not Reykjavík. The whale watching is significantly better there, and I know too many people who saw nothing on their Reykjavík whale watches.

And for museums, I LOVED THEM ALL. But I was deeply moved by Eldheimar , which tells the story of the 1973 volcanic eruption in the Westman Islands, and the Herring Era Museum in Siglufjördur is outstanding, especially its final building. Petra’s Stone Collection was an unexpected delight.

What to skip? The only thing I would skip would be the Myvatn Nature Baths ; it felt a bit ramshackle in comparison to the other baths.

How to Make it Cheaper: Go to local swimming pools instead of fancy baths; every town has them and they’re a great option for a cultural experience (especially with kids). Go all in on free outdoor activities; you’ll always have plenty to do.

• Restroom near Hvitserkur: $3.66 (we held the door so we only had to pay once)
• Restroom at Studlagil Canyon: $1.15 each or $3.30 for two

I was going to call this category “miscellaneous,” but literally the only thing left was restrooms.

(Let me add that it’s helpful to have Apple Pay if you have an iPhone — that way you can just scan it and run in if you sprinted to the bathroom from your car and left your wallet behind. Hehehe.)

How to Make it Cheaper: Lose your shame and just pee out in the open, man.

Yes, zero! I had actually been in Iceland in May and bought a small lava sculpture for my living room (around $35) and a gift for my fiancé Charlie (around $15), but I didn’t feel the need to buy anything on this trip.

Spending is purely discretionary, but I know a lot of people who like to buy Icelandic sweaters (they’re called lopapeysa ), yarn, and jewelry.

For me, my photos are my souvenirs. These are what I truly treasure.

Travel Insurance: Already Paid For

I am not buying travel insurance anyore because I get it for free. My bank account in the Czech Republic comes with free travel insurance as long as I deposit a significant amount of cash per month. A great benefit.

If you don’t already have travel insurance — and trust me, you need it — I recommend World Nomads for most travelers , which I used for years before moving to the EU.

How to Save Money in Iceland

In such an expensive country, you want to cut costs wherever you can. Here are my top tips for saving money:

Travel in the winter (October to April). It’s a completely different experience from summer travel, which is high season, but airfare, accommodation, and car rental — three of your biggest expenses — tend to be much lower. Plus, you can see the Northern Lights.

Travel with a friend. As much as I love traveling solo in Iceland, I saved SO much money by splitting accommodation, gas, and car rental with Amanda!

Book your trip super-early. The good accommodation — especially the good CHEAP accommodation — tends to sell out first.

Spend limited or no time in the most expensive destinations. I found the most expensive destinations to be the capital city of Reykjavík, Lake Myvatn, the Golden Circle, and the South Coast. Places like Snaefellsnes and the rural north were much cheaper by comparison.

Book guesthouses with shared bathrooms. These are common in Iceland. Shared bathrooms usually lower the price of an equivalent room with ensuite bathrooms, and most of the time it’s not a nuisance whatsoever.

Consider non-hotels: hostels or Airbnb rentals. Hostels with shared dorms will always save you money; Airbnbs can go either way.

Consider camping. It’s a different kind of trip, but it’s much cheaper than staying in the cheapest hostels or guesthouses! But if you don’t already have equipment, you’ll need to pay to rent it.

Use a credit card that covers car insurance. I haven’t paid for supplemental car rental insurance ANYWHERE since I got my Chase Sapphire Preferred card. This and several other credit cards provide a car insurance benefit.

Rent a car with a manual transmission. ONLY if you can drive one and are willing to drive one in Iceland.

Consider taking the bus. You can take buses along the Ring Road, though keep in mind stops are limited and this won’t get you to most places without supplemental hitchhiking. Many public transportation routes shut down in the winter.

Consider hitchhiking. Iceland is one of VERY few countries where I would ever consider hitchhiking, as it’s extremely safe. Please do your research beforehand.

Don’t take Icelandic króna out at the ATM. In our 13-day trip, we didn’t use cash ONCE. So we always got a good rate with our credit cards, and there was no extra cash at the end of our trip! (You may want to take out a small amount — think under $50 — in case you come across any donation-only attractions.)

Pack carry-on only. It will save you luggage fees. You can book accommodation with on-site laundry halfway through your trip (which we did in Akureyri), or pack fabrics like merino wool that you can wear several times without smelling.

Self-cater your meals. Shopping at grocery stores will save you so much money over going to restaurants. Look for Bónus, the cheap grocery store chain in Iceland.

Eat at gas stations. It’s not THAT gross, I swear. Many gas stations serve decent cheap meals. This is the closest thing you have to McDonald’s in Iceland.

Get into hot dogs. Wherever you go, hot dogs are usually the cheapest thing on the menu. Often even cheaper than a little bowl of soup!

Bring a water bottle and refill it everywhere. Iceland has excellent tap water. There is zero reason to buy bottled water.

Skip the alcohol. Alcoholic drinks tend to be very expensive in Iceland. If you want something nicer to drink than water, I suggest Collab — an Icelandic soda with collagen and caffeine. It comes in several fun fruity flavors and I tried to try them all!

Spend your time visiting free natural attractions. You saw how many waterfalls and canyons and cool outdoor sites we saw, all for free!

Hike, hike, hike. You might occasionally need to pay for parking, but for the most part, you can hike for hours for free.

Go to swimming pools instead of fancy hot springs. They’re a cultural experience and super fun. And if you have kids, THIS is where you should go instead of the fancy spots.

More on Iceland:

• 35 Awesome Things to do in Reykjavík, Iceland
• Things to Know Before You Visit the Blue Lagoon, Iceland
• Why Iceland is Great for First-Time Solo Female Travelers

My Favorite Places in Iceland:

• How to Visit Kvernufoss, My Favorite Iceland Waterfall
• A Look Inside the Sky Lagoon, Iceland
• Sail Through the Sky with FlyOver Iceland
• Snorkeling Silfra: The Cold Neon Waters of Iceland
• How to Visit Studlagil Canyon, Iceland
• Visiting Stokksnes and Vestrahorn Mountain, Iceland
• Guide to the Gorgeous Tröllaskagi Peninsula, North Iceland
• Are the Vök Baths Iceland’s Best Geothermal Spa?

How much did your Iceland trip cost? Share away!

How Much Does An Iceland Trip Cost in 2024: Detailed Budget Breakdown

Written By: The Planet D

Iceland , Travel Planning

Updated On: June 11, 2024

An Iceland vacation is never ‘cheap,’ even if you plan it on a strict budget. The country is known as an expensive destination. You’ll need to get savvy to save money on your trip to Iceland . The average Iceland trip cost is $200-300 per day – without factoring in the most extortionate (yet fantastic)  things to do in Iceland.  

Certain activities, like  snorkeling between the tectonic plates , can cost that just for one trip. And you’ll need to factor in rental car costs if you plan to venture anywhere outside of Reykjavik, the capital city, that day trips don’t cater to. All things considered, you can quickly see how things add up. Maximizing your budget as much as possible is essential so you don’t miss out on memorable activities and experiences. So, let’s figure out an Iceland budget together.

Table of Contents

How Much a Trip to Iceland Costs

When you visit Iceland, all your decisions impact your final Iceland trip budget – be it rental cars or private rooms. In this guide, we’ll provide you with all the average trip cost factors so you can build an idea of what budget you’ll need as an individual visiting Iceland. We’ll cover everything, from accommodation prices to food costs and the costs of some of the most sought-after tours.

Airfare Cost

Airfare won’t be a massive part of your Iceland travel budget. Depending on where you travel, the average price of flights is only a few hundred dollars. The average flight from the east coast of the US to Iceland is just $450 return, which gets even cheaper when you are flying to and from Europe. Compared to flying to other destinations, especially Australasia, Iceland is not expensive to reach airfare-wise.

Even then, you can save money when visiting Iceland by taking advantage of off-season flights and using air miles. Look into airline reward programs like British Airways, Qantas, and Delta SkyMiles. Airline loyalty programs get a bad rep for not actually being worthwhile. Still, choosing wisely and actively saving points can be a great tool to get cheap flights. Always compare flight prices by using websites and tools like Skyscanner – always using a private browser, of course, since those pesky cookies hike up prices on flights you view.

How flexible are you with your Iceland vacation as well? It is worth noting that if you fly from Europe to North America with Icelandair, they offer a complimentary layover in Reykjavik , which you can extend to anywhere between 1 to 7 days if you’d like a mini trip to Iceland. This is a brilliant way of squeezing in an Iceland vacation at a cheaper price than direct flights usually cost. If you are already making this journey, knowing about this little tip is handy. Why not take advantage of a stopover you’ll already be making and take advantage of Icelandair’s typically cheaper flights? Just picture it; you could combine London, New York, and Iceland in one trip.

As you can see, your Iceland vacation cost will not be massively impacted by flight prices. However, if you want to take extra steps to reduce the cost of your trip to Iceland, there are a few tricks you can have up your sleeve. You should budget $500 maximum for return flights to Iceland from North America or Europe with a mid-range airline.

But if you fly off-season and from specific destinations like London, you can snag flights for as little as $100 return. The more flexible you are, the lower your airfare budget needs to be. And, of course, the more ready you are to fly outside of peak season, the better deals you’ll find. Our advice is to get hunting on Skyscanner or a flight comparison tool equivalent.

• Budget: $500 for return flights or under $200 if you are flexible and departing from Europe.

Accommodation Prices

Accommodation prices in Iceland are steep. It’s surprisingly steep, actually. Accommodation costs are one of the largest chunks of the average trip budget when visiting Iceland. Even the most basic of hotel rooms are extremely expensive, even more so when looking at mid-range hotels and – God forbid – luxury hotels. It is also worth noting that the cheapest hostels and best value-for-money properties get snapped up quickly. In remote areas of Iceland, you quickly become short on options. Compare prices when booking accommodation in Iceland, but also make sure you don’t stall too much and book far enough in advance to avoid missing out on the best prices.

If you act quickly and book in advance, the  average price  for a budget hotel is $150 per night. For a three-day trip, you can expect to pay around $499; for a week, you are looking at $1,047. If you don’t book in advance, these prices rise as you are left to front bills to stay in more luxurious hotels and vacation rentals than you usually would choose. It also pays to consider location, as certain areas will have more expensive hotel rooms, like on the Ring Road and Golden Circle.

Typical prices average $150 per night, but remember that this is across all over Iceland as a general average. Be prepared to spend more in certain areas. When planning a trip to Iceland, cost is a huge factor when choosing accommodation, and you need to be fast-thinking to get the best deals.

These are a few examples of average accommodation costs in different Iceland hotels:

Hofn Cottages

Hofn Cottages  are as budget-friendly as accommodation gets in Iceland. These basic cabins cost just $70 per night; you get your own patio and cooking facilities. These sell out quickly. But their remote location means slightly cheaper prices.

Reykjavik Konsulate Hotel

This  mid-range hotel  in Reykjavik costs approximately $250 per night, but you can see why. It has a trendy design and an onsite wellness center and gym. It is a glossy version of a mid-range stay in the capital, and it has a great location to enjoy central Reykjavik.

Hotel Ranga

This  luxury hotel  costs upwards of $500 for an average room. It is a brilliant example of top-tier luxury in Iceland. If you sleep through the magical phenomenon, you get a star gazing observatory onsite and even northern light wake-up calls. Oh, and you get volcano views out of your window.

• Budget: $150 per night for the average rate for a cheap hotel.

Transportation

Regarding transport in Iceland, you need to realize one major thing – transport barely exists outside the realm of rental cars. Tourists fly into Iceland’s Keflavik International Airport, located just outside of Reykjavik’s capital; from there, you can organize a shuttle service into the city center. Reykjavik itself is really walkable and a tiny city, much more like a town than an actual city, let alone a ‘typical’ capital city.

Iceland has a minimal bus service. It isn’t safe to rely on public transport in very remote areas. We wouldn’t recommend it if you are venturing out of Reykjavik or the main settlement areas.

If you stay in Reykjavik and don’t rent a car, you can organize tour experiences to take you to the main tourist attractions. For instance, you can get tours to the Blue Lagoon , Golden Circle , and Ring Road on the  South Coast.  

You can also get tours to experiences like horseback riding on black sand beaches , hiking on glaciers , seeing exploding volcanoes, and snorkeling between the tectonic plates at Silfra . The caveat is that you will pay hundreds of dollars for each of these experiences, almost like paying for mini holidays on your actual holiday. If you don’t want to rent a car, you can still enjoy Iceland, but be prepared to splurge a little on booking private tour day trips. It will rocket the total cost of the average Iceland budget.

The best way to get out of Reykjavik and  see  Iceland is to book a rental car . If you are wondering ‘how much does it cost to rent a car,’ it depends on which car rental companies you look at, what season you visit, and whether you want a camper van or not. The cheapest option is a car, for which you can buy a tent and camp or book cheap hotels.

Or you can spend more upfront on a camper van and have the whole road trip experience, saving money on accommodation. With rental options, you could embark on the classic week road trip along the South Coast and complete the classic  Ring Road road trip.  It is the most liberating form of transportation around Iceland. And you’ll save loads of money by avoiding the aforementioned expensive organized day trips while opening up to more free attractions and off-the-beaten-track experiences.

•  Budget: $350 plus $100 petrol for a week of hiring a rental car, or approximately $870 on transfers for day trips and airport journeys.

Food is another significant expense when it comes to visiting Iceland. When calculating a trip to Iceland cost, you must set aside at least $500 per week as a food budget. For $500, you can afford a few meals at local restaurants, a food shop at one of the cheaper grocery stores, and a few drinks on a night out. Food prices are high in Iceland, especially for imported and taxed goods. However, you can soon chip the price tags down if you are flexible with trying local brands.

Need an idea of what food prices are in Icelandic grocery stores? They aren’t extortionate, but you can see that some products have much higher prices than others. You should also have an ISK to USD calculator ready, as the conversion is a little whacky. Average food prices include:

• $1.60 for milk
• $3.20 for white rice
• $3.50 for a loaf of bread
• $2.20 for a bottle of water
• $14.90 for a block of cheese
• $19.60 for 1kg of chicken fillets

It is also worth mentioning that Iceland is famous for its hot dogs. A standard tip for saving money is to snack on a hot dog for lunch instead of sitting in at local restaurants. The sausages are served on little takeaway carts and are one of the most traditional, budget-friendly  Icelandic dishes .

They date back to the Viking era and are called ‘bjuga’ sausages. Bought at little street stands, these hot dogs cost as little as $2.50 – a real bargain. This fun little tip might be more aimed at novelty than genuine money saving, but the spirit and overall meaning are spot on. Avoid sitting down regularly to eat to save money, and remember that local specialties are your best friend.

Remember that if you want to enjoy grocery store food in Iceland, you must have cooking facilities. And this is where the accommodation crossover comes in. You should book accommodation with private kitchen facilities in an apartment or a shared kitchen in a hostel or homestay environment.

By choosing this accommodation setup, you can easily still have a food budget of $500. If you stay in a hotel and don’t have access to a kitchen, expect prices of around double the same period. The average meal price is nearly $120 for two people at a mid-range restaurant, which quickly adds up.

Food is $500 per week if you eat out a couple of times and have a kitchen in your accommodation. Alternatively, your food budget will be closer to $ 1,000 per week if you expect to eat out daily.

• Budget: $500 per week for eating out a couple of times and then cooking in with grocery-bought food, or $1000 for eating out all week.

Tours and Activities

Entertainment prices are where the majority of your budget will come in – especially if you don’t hire a car and instead rely on guided day trips. These guided excursions can reach prices of over $300, and if you plan on doing 4-5 activities, you can see how this starts to add up. You can take guided trips to the Golden Circle, whichever volcano is exploding and attracting enamored tourists, and do things like snorkel between the tectonic plates or spot the northern lights. All these things come at a cost, but at the same time, you don’t want to miss out on any dream excursions. This little conundrum is what makes visiting Iceland so expensive. And also, so impressive – you wouldn’t want to stay somewhere with nothing to see, would you?

Recommended Tours in Iceland

Below are some of the top tours in Iceland. Don’t forget to plan ahead when  visiting Iceland!

• Reykjavik: Golden Circle Full-Day Tour with Kerid Crater ( Most Popular In Iceland )
• Silfra: Fissure Snorkeling Tour with Underwater Photos (Our Favourite)
• Húsavík: Big Whales and Puffin Island Speedboat Tour (Likely to Sell Out)
• From Reykjavik: Golden Circle, Kerid, & Secret Lagoon Tour (Best Deal)

One way to make this cheaper is to rent a car. Specific day trips, especially ones to see natural beauty spots or spot the northern lights, are easily replicated for free apart from petrol costs if you rent a car. By paying a single upfront fee for a car rental, you can pick fascinating tours and complete them independently – like the Golden Circle, Ring Road, and things like the best Icelandic waterfalls.

Sure, things like a boat tour to see whales or glacier hiking experiences require a guide. Still, lots of Iceland can be visited independently with a rental car. Even northern lights hunting can be done by yourself and without a guide. To be honest, most Northern Lights tours are just guessing and driving to remote spots anyway. Download one of the many maps and get up-to-date information on predictions so that you can go out it alone, much cheaper.

Alcohol prices can get really expensive in Iceland, so we suggest stopping by a duty-free shop or cutting alcohol to cut costs. Nightlife can get understandably expensive in Iceland, so while partying can be fun and a short night out can be budget-friendly in Reykjavik (when in Rome, right?), stick to just the odd night out if possible.

It is worth adding that clothing is an additional cost when enjoying day trips and activities in Iceland. You will likely need to invest in a winter wardrobe with some merino additions; thermal clothes are necessary during most months in Iceland. You can’t compromise on this, and we’d recommend making the most of clothing sales in the run-up to your trip to Iceland. With proper clothing, you will be warm. And if you aren’t warm, how will you enjoy your experience? Make the most of your money by investing smartly in suitable clothing for your activities beforehand.

So, how much should you budget for tours and activities in Iceland? And what should you budget for the additional cost of purchasing suitable clothing for each tour beforehand? These are our budgeting stats for a week in Iceland without a car rental:

• $1,200 for four-day trips with an organized tour operator, including transportation.
• $200 for suitable clothing, including two Merino top and bottom base layers and shoes.
• $200 for a couple of nights out in Reykjavik.

Total: $1,600

As you can see, having a car rental makes a considerable difference when budgeting for tours and activities in Iceland. These are our stats for a week in Iceland with a car rental:

• $400 for four-day trips, including two organized tours without transportation and two free experiences.

Total: $900

• Budget: Without a car, expect to pay around $1,600 over a week-long period, while with a car, this totals up to about $900.

Overall Trip Cost

So, if you’ve been frantically trying to add things up, don’t worry; we’ve got you. This is how much traveling to Iceland costs, not including your travel insurance. We’ll acknowledge the main influencing factors in each budgeting area – whether you rent a car, visit in off or shoulder seasons, and book accommodation with cooking facilities. This is precisely how much you should budget to visit this beautiful country.

Airfare costs approximately $500 for a return trip to Iceland when you fly from Europe or North America. However, if you are flying from Europe, are flexible with visiting in off or shoulder seasons, and fly with mid-range airlines, budget less than $200 for return flights.

Accommodations

For accommodation, you should budget $150 per night for an average but cheap-ish hotel somewhere reasonably well-located. If you are willing to compromise on location, you can pick up cheaper accommodation for around $70 per night. Or, if you want luxury accommodation, be prepared to pay up to $500 per night. With all accommodation types, book early to secure the best rates.

Figuring out a transport budget is a tough one. If you get a rental car , you should budget $350 for renting the vehicle upfront for a week and approximately $100 on fuel. If you don’t rent a car, you can easily explore Reykjavik on the bus for as little as a few dollars each time. However, you will spend a lot more on transfers, and we estimate an $800 difference in your day trips and excursion costs as opposed to self-drive attractions. You should also add airport transfers at over $70 for return tickets on the shuttle bus. For a week in Iceland, budget $450 for transportation if you hire a car and $870 for transportation if you rely on shuttles.

The message is simple regarding food: find accommodation with a kitchen to take advantage of grocery store prices. Budget $500 if you want to eat out a couple of times and then cook the rest of the time. Budget $1000 if you plan on eating out every day for most if not all, meals.

Tours and activities are your main cost when visiting Iceland, especially if you don’t rent a car. Without a car, expect to pay around $1,600 over a week, while with a car, this totals up to about $900.

10 Top Money Saving Tips

Are you ready to cut some money off that average Iceland trip cost we’ve just given you? If you are up for the challenge, there are ways to save money when visiting Iceland. After all, an average price is exactly that – an average price of what most people spend when they visit. You can do better than that if you utilize our top 10 tips on reducing your Iceland trip cost and saving your valuable money.

Anything from car rentals to hostels, and even some lesser-known things like campsites and bus passes, can make a massive difference to what your holiday to Iceland costs. So, buckle up and prepare to jot these top money-saving tips down. Using these could knock hundreds, and perhaps even thousands, off your Iceland budget.

1. Visit Off-Season

It goes without saying, but visiting Iceland in the off-season is the best way to save money. Iceland gets super busy over winter when tourists flock to enjoy snow sports and try to spot the northern lights. If you want to do these things, why not visit in February or late January? Avoiding the December crush by picking these shoulder seasons is the perfect way to snag reduced tours and day trips, plus find cheaper hotel rates thanks to lower booking competition.

Of course, if you are flexible with your Iceland activities, visiting in the off-season is even better. June until October is perfect for lower car rental rates, cheaper hotels, and tour deals. Remember that this period has certain tour and attraction closures, and you likely will miss the northern lights. This season is also famous for the midnight sun, where Iceland stays light for 24 hours a day.

2. Buy From Grocery Stores

Grocery stores are so much cheaper than local restaurants. You don’t want to stick to a budget while eating out for every meal because it just won’t happen. The average cost for a two-person meal at a mid-range restaurant in Reykjavik is  nearly $120.  An average McDonald’s meal is over $16. Grocery prices are much more reasonable, like $1.60 for a liter of milk or $3.44 for apples.

Buying food from grocery stores might sound obvious, but this only works effectively if you’ve found accommodation with a kitchen, so this is a catch-22. We’d suggest finding a communal kitchen or apartment hotel to make the most of this money-saving technique. Trust us, it will be worth it.

3. Rent a Car

This might sound more expensive at first, but renting a car is one of the best ways to explore Iceland on a budget – especially if you want to sightsee a lot. This is because tours are one of the most expensive in an average Iceland trip cost. Companies charge extortionate amounts (we are talking hundreds of dollars) for simple things like transfers. If you rent a car, yes, it will be an initial upfront investment, but you’ll save hundreds if you purchase more than 2-3 day trips. Being able to drive yourself is one of the best ways to cut travel costs in Iceland. Check rates here!

4. Take Advantage of Free Attractions

If you rent a car, it also stands you in good stead for saving money – enjoying Iceland’s free attractions. Iceland has a ton of free attractions, be it waterfalls or the beautiful geothermal area at Geysir. If you are road-tripping Iceland, you can stop at these places for free and quickly build a low-cost itinerary. Everyone knows Iceland is expensive, but with some research, you can soon find budget-friendly and often entirely free things to do.

5. Try Camping

Camping is one of the best ways to save money while visiting Iceland. You can camp in one of two ways – with a campervan or by renting or bringing a tent. It goes without saying that this is a better idea in summer (read: do not attempt in cold weather). Still, if you visit Iceland at a warm time of year, it is a brilliant way to reduce accommodation prices. You’ll find campsites all over Iceland, so this is also one of the most straightforward money-saving tips to put into practice.

6. Try out a Bus Pass

We’ll preface this by saying that bus connections are limited. You will only be able to use the bus network to access specific places at specific times, so you’ll need to be happy to use a pretty rigid travel style if you are going to take advantage of this travel hack. However, if you are happy to color between the lines to save yourself some cash, bus passes are well worth looking into. You pay a single flat rate fee and get unlimited use of the bus network for a designated period. This saves you money on otherwise expensive day trips or car rentals. And if you don’t have a driving license, it is the cheapest alternative.

7. Buy Alcohol From Duty-Free Shops

Another huge tip is to buy alcohol from duty-free shops. If you can pick up alcohol from the airport when you land, it will save you a ton of money on your trip to Iceland since alcohol is heavily taxed. The duty-free shop is your best friend if you want a fancy tipple. With that said, though, a better approach would be not drinking while visiting Iceland. Iceland actually banned alcohol in 1915, and the ban was only fully lifted in 1989 – which is now hailed as beer day. The country has a longstanding political objection to the consumption of alcohol. If you want to save substantial money when visiting, you should do your best to conjure up a financial objection.

8. Find Hot Springs that Aren’t the Blue Lagoon

The Blue Lagoon is dreamy; we’ll be the first to admit it. However, to save money on visiting Iceland, you should consider alternatives. You can read all about the Blue Lagoon  here , created using a factory’s thermal byproducts. But it is also worth looking at free hot springs you can visit in Iceland. Definitely look at alternatives to mainstream tourist attractions.

9. Skip Bottled Water

Skip the bottled water; seriously, Iceland has some of the purest tap water in the world. Bottled water is a massively unnecessary expense, so bring a refillable water bottle and cut the dollars you spend on your trip to Iceland. Of course, reducing plastics also helps the environment – a huge win-win situation. If you fancy going one step further, especially if you plan on camping, it is worth investing in a filter bottle, too, because then you can fill up from natural water sources like rivers and lagoons.

10. Book in Advance

Sure, there’s a time and place for carefree, last-minute travel. But if you want your trip to Iceland to be budget-friendly, try something other than this travel style while trying to reduce your Iceland trip cost. The more you book in advance, the more options you’ll have regarding accommodation and tours. Since these things sell out fast, with the cheapest options going first, you can shoot yourself in the foot by waiting. Check out refund policies and rebooking flexibility if you are worried about committing too far in advance – just don’t wait until the last moment and bank on finding budget alternatives.

To Conclude

Your Iceland trip cost might depend on what you decide to do on your trip to Iceland. Still, this guide gives you a pretty clear idea of an average Iceland trip cost. By considering all of these factors – accommodation, food, transport, airfare, and tours – you’ll have a ready-made budget for visiting Iceland. And if you use some of our budgeting tips, you might even save some money. Who doesn’t want to knock a chunk off one of the world’s most expensive destinations?

Are you looking for more Iceland inspiration? Check out these  fun facts  ahead of your holiday to Iceland. We also have a guide dedicated to the  best things to do in Reykjavik  – Iceland’s walkable and vibrant little capital city. Don’t forget to explore Reykjavik, even if you head off on a week-long road trip around the rest of Iceland.

Plan Your Next Trip To Iceland With These Resources

• South Coast of Iceland: 31 Best Things to Do and See
• 22 Best Things to Do in Iceland
• Best of Iceland’s Ring Road – GLACIERS, VOLCANOES AND WATERFALLS
• The Blue Lagoon Iceland – Your Ultimate Guide
• 30 of the Best Places To Visit In Iceland

Travel Planning Resources

Looking to book your next trip? Why not use these resources that are tried and tested by yours truly.

Book Your Flights: Start planning your trip by finding the best flight deals on Skyscanner. We have used them for years and have found that they have the best flight deals.

Book your Hotel: Find the best prices on hotels with these two providers. If you are located in Europe use Booking.com and if you are anywhere else use TripAdvisor.

Find Apartment Rentals: You will find the cheapest prices on apartment rentals with VRBO . 

Travel Insurance: Don't leave home without it. Here is what we recommend:

• Safety Wing - Occasional Travelers.
• Medjet - Global air medical transport and travel security.

Book Your Activities: Looking for walking tours, skip-the-line tickets, private guides, and more? Then we recommend Get Your Guide.

Need more help planning your trip? Make sure to check out our Resources Page where we highlight all the great companies that we trust when we are traveling.

You May Also Like

Ultimate Iceland Ring Road Itinerary: Explore the Best of Iceland in 10 Days

20 Best Things to do in Reykjavik in 2024

South Coast of Iceland: 31 Best Things to Do and See in 2024

About The Planet D

Dave Bouskill and Debra Corbeil are the owners and founders of The Planet D. After traveling to 115 countries, on all 7 continents over the past 13 years they have become one of the foremost experts in travel. Being recognized as top travel bloggers and influencers by the likes of Forbes Magazine , the Society of American Travel Writers and USA Today has allowed them to become leaders in their field.

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3 thoughts on “How Much Does An Iceland Trip Cost in 2024: Detailed Budget Breakdown”

massive post, Useful And Helpful Thankyou.

what i observed after my trip is getting around Iceland can be pricey, but it depends on your chosen mode of transportation.

How Much Does an Iceland Trip Cost? (2024 Iceland Budget)

Iceland is known for being an expensive destination and after visiting Iceland three times and helping over 30 people plan their Iceland trips, I’ve gotten a good sense of the average Iceland trip cost. While it is pricey, your Iceland vacation cost can still be within reach if you build your Iceland budget carefully.

To be honest, I’ve seen everything, from people who found a cheap flight, stayed in hostels, and signed up for group bus tours to keep costs down, all the way to luxury travelers who book private drivers, luxury hotels, and go all out with adventure experiences. Did someone say private helicopter rides?

So how much does a trip to Iceland really cost? It depends on what type of experience you are looking for, what kind of traveler you are, and ultimately, how much you want to spend. And while I wouldn’t recommend taking big bus tours, if that is the only way you can see Iceland, it is still worth it to visit this incredible country.

There are few places in the world that have touched my soul and captured my heart like Iceland has. For its raw beauty, fire and ice extremes, vast emptiness (outside of main tourist stops), to the endearing quirkiness of the Icelandic culture, it is a place I will return to again and again.

The good news is that Iceland has greatly expanded its hotel inventory, which helps balance supply and demand. The exchange rate from U.S. Dollars to Icelandic Króna has also been trending in the favor of American tourists recently. And, Play Airlines has brought a budget airline option back to Iceland.

Average Iceland Trip Cost

I’ll cut to the chase and give you the bottom line on how expensive a trip to Iceland can be, but be sure to read on to see the breakdown and ways that you can save money in each category. The average trip to Iceland cost adds up to about $300-350 per person, per day including airfare. (Based on current exchange rates) This assumes budget airfare, budget accommodations, limited organized activities, self-driving, and being careful in your food choices.

If you are traveling solo, your best bet will likely be staying at a hostel or renting an Airbnb. Though it definitely helps to travel with others so that you can split the costs.

Since hostels and bus tours aren’t our things, I’ve based the average cost for a trip to Iceland for a family of four staying in nice (but not extravagant) hotels or guesthouses and renting a car for a self-driving vacation. I’ve also included a few activities since I think it would be a shame to get to a bucket list destination like Iceland and not get to take part in a few adventures. But keep in mind, that there is enough natural beauty and hiking available that you can easily bypass these to conserve your budget.

The average Iceland trip cost for a family spending a week in Iceland is around $8,545 including airfare. Yup, that is about $1,220 a day for the entire family. Of course, I have worked with families of five that have spent $25,000 on a 10-day trip, and couples who have spent $5,000 on a week-long trip. I’ve even planned an Iceland vacation for a solo traveler that cost them only $2000, all costs included, for a five-day trip. Making Iceland one very versatile vacation.

Iceland Budget Tips

Note: This post contains affiliate links. If you click a link and make a purchase, I may receive a small commission. 

If you want to save some money, my partner Hidden Iceland offers my readers 10% off scheduled group tours if you use promo code WE3TRAVEL. We have traveled with Hidden Iceland and highly recommend this company for its expertise, professionalism, and friendliness. See all their available tours . You can also book private tours or get help planning your whole itinerary — just be sure to mention We3Travel when you contact them.

You can visit Iceland on any budget, at least in theory, but here are some suggestions for keeping costs down:

• Try camping instead of staying at hotels or guesthouses. You can rent a campervan that fits two people for about $130 a night, up to about $300 per night for larger campervans. You can camp for free in Iceland but if you are in a camper van, you will probably want to stay at a campground with facilities so budget another $10-50 per night for a campsite reservation.
• If you don’t want to camp, you could also stay in hostels, which will run you around $40-100 per person per night in Reykjavik.
• Airbnb or vrbo is another option for vacation rental apartments and cabins, which is a great option for families compared to renting two hotel rooms because there are only a few hotels in Reykjavik for families that offer family-size rooms with beds enough for 4-5.
• Food is one of the especially high expenses in Iceland so to save money, purchase and prepare your own food or buy snacks at the gas station convenience stores. If you want a foodie experience, you are going to pay through the nose for it so get used to sandwiches, burgers, and those famous Icelandic hot dogs.
• Avoid paid attractions like the Blue Lagoon and costly excursions like off-roading tours and focus instead on scenic drives, stops at waterfalls, and nature hikes.
• Stay in the countryside and avoid the biggest tourist spots instead of Reykjavik as things are going to be more expensive in the capital city. I was surprised by how affordable the accommodations are in the Westfjords and Snaefellsnes Peninsula .

Before you worry about having to convert and carry a ton of cash around Iceland, don’t stress. Almost everywhere takes credit cards in Iceland. Be sure to read my Iceland tips for some caveats.

How Much Does an Iceland Trip Cost?

Let’s break down the average Iceland budget. As with other posts where I’ve broken down vacation costs for Italy , London , Greece , and Paris , this post outlines pricing for two adults and two children between the ages of 6-11, traveling from a major airport hub in the United States during the summer high season, such as NYC to Reykjavik , and spending a week in Iceland.

I find that in Iceland, some hotels list their prices in Euro, and most show rates in Icelandic Krona. To make it easier, I’ve converted to U.S. dollars to create an even playing field.

I can’t even count the number of emails that I’ve gotten from people traveling to Iceland that start with “I found a great airfare to Iceland next month (or some other close time frame)…” I then go on to pop their bubble about how expensive the rest of the trip will be.

Once WOW went out of business, prices went up a bit but I still have found rates on IcelandAir or Play Airlines from Boston for about $300-500 per person, roundtrip. However, you then need to build in the cost of checked luggage (unless you are an amazing packer Iceland will typically mean a checked bag) and seat selection. This can easily add another $100-200 per person.

I highly recommend signing up for a membership to Going to get alerts on flight deals and set up preferences for your dream destinations.

If you want to find the best way to accumulate points and miles through credit card spending and sign up bonuses, I’d suggest downloading the  Travel Freely app  to track your credit cards and learn how to earn points.

Total airfare cost ($500 per person, round trip x 4 people): $2,000

Accommodations

If you are traveling solo, it is easy enough to stay in a hostel to save money on accommodation in Iceland. But most families will prefer either a hotel or Airbnb/VRBO. A rental will certainly save you money as there are only a few hotels that offer family rooms .

Most Reykjavik hotel rooms either have a double bed (two twins pushed together) or two twin beds. Occasionally you can find a triple or a family room, but a family of four often needs to reserve two rooms. A nice hotel in downtown Reykjavik with a family room will cost between $400-600 per night. You can also get two rooms at a moderate hotel for about $150-250 per night each.

Renting a vrbo apartment will save you a significant amount, as long as you are comfortable as an independent traveler. You should be able to find an apartment in the city large enough to fit everyone for about $300 per night. And if you have been saving up your hotel loyalty points, Hilton Honors and Marriott Bonvoy members are now in for a treat with multiple properties now available in or near Reykjavik.

Full-service hotels in the countryside will start at around $150 per night for a standard room and $350 per night for a family room. There are also some guesthouses that start around $150 per night per room or lower, especially in less crowded areas.

In the countryside, there is a large selection of vacation cabins available on vrbo . Expect to pay about $200+ per night for a cabin that sleeps four. Just plan in advance if you want to stay in popular locations along the south coast or by the Glacier Lagoon, as these sell out early.

If you are looking to do Iceland on a budget, renting an Airbnb or VRBO is the way to go unless you want to camp or stay in hostels, as covered above.

Total accommodation cost: assuming an average of $300 per night (if you primarily use vacation rentals) x 7 nights = $2,100

Find more places to stay in Iceland:

When visiting Iceland, if you want to get away from crowded bus tours and see the country or drive the Ring Road, you will need to rent a car. If you don’t rent a car, you will need to take a shuttle bus (about $30 per person) from Keflavik airport into downtown Reykjavik and then arrange group tours with pick up and drop off from there. Just don’t take a taxi as those can run about $150 one way between the airport and Reykjavik.

Car rentals can be pricey and you may be tempted to save money by skipping the insurance. Before you do, check with your credit card or car insurance provider because you probably still need to buy the ash and rocks coverage. Insurance can greatly increase the cost of the rental car, but you may need it.

There are plenty of budget car rentals but before you book, double-check their hours and location (how far from the airport, shuttle hours), and see the cost of add-ons so that you can compare apples to apples. (See other tips for Iceland car rentals .)

If you are visiting in the winter, you will definitely want an SUV or four-wheel drive. Otherwise, if you are sticking to the Ring Road, a four-wheel drive isn’t necessary. However, access to some hikes and activities will be on gravel roads and you will be more comfortable (and less likely to sustain damage from rocks) in a car with a higher clearance. I’ve seen a sedan get stuck on a rock in the parking lot for a hike before and people literally had to lift the car to get it off. Luckily it wasn’t totally ruined.

Also, keep in mind that to drive on the interior “F roads”, you will need a car that is allowed on those roads. Since many of those roads aren’t passable for much of the year or are extremely hard to navigate (I’ve literally seen a road sign in the middle of a field of snow), I wouldn’t bother with F roads.

The other thing to pay attention to is that you will want to make sure that your car is large enough to fit luggage for your family. Unless you are a super light packer, you will probably need checked bags for Iceland to make sure you are prepared for any weather. (See my Iceland packing list for tips!) I would recommend either a station wagon or an SUV for a family of four.

I use Auto Europe to check for the cheapest car rental rates in Iceland. Don’t forget to budget for gasoline as well (and please, if you rent a diesel car, make sure you use diesel petrol!). Currently (December 2023), gas costs about $8.82 per gallon.

If you don’t want to drive, your best bet is to stay in Reykjavik and take tours that offer pick-ups from the city as day trips. If you want to hire a private driver-guide, you should expect to pay around 120-350 per person, so at least $500-1500 for the day.

Total car rental cost: A station wagon with insurance and unlimited miles will be approximately $650-1,200 for a week. Also, add about $300 for gas if you are driving a lot.

You have probably heard that food in Iceland is expensive. If you have traveled to Scandinavian countries in the past, then you are probably used to high food prices, but for many, it can be a shock. This is especially true in the nicer restaurants in Reykjavik .

In Iceland, even a hamburger can run you $15 and most fish entrees will be closer to $30+. So dinner for a family of four can easily cost $100.

I’ve talked to many people who have felt Iceland was the most expensive place that they have traveled to when it comes to food. My advice is to splurge on one meal but keep the rest casual to keep the costs down.

You will want to try some of the specialties like Arctic char, langoustines, lamb, and if you are brave even try some reindeer or puffin. But to balance out those specialties, you can have a hearty lunch of meat soup or lobster bisque with bread. In the countryside, you can find many restaurants that offer buffets of amazing fresh, homemade food that will fill you up for hours so try to have a light breakfast, one large meal, and one lighter meal.

There is also no need to buy bottled water in Iceland as clean tap water is readily available (although it could have a bit of a sulfur smell at times), just be sure to bring along a refillable water bottle. You can also save by stopping at one of the markets, like the BONUS grocery store, and picking up supplies, especially if you are staying in a rental home or apartment.

Be sure to check out my recommendations on where to eat in Reykjavik .

Total food cost for a family of four: $200 x 7 = $1,400 (keep in mind that this can vary widely depending on if you cook and how much you splurge)

Tours and Activities

How much you spend on tours is entirely a personal preference. You can plan a private helicopter tour for over $3,000, or you can take a free hike. And just about everything in between. There are also plenty of free things to do in Reykjavik too. I would recommend trying at least a few of these unique things to do in Iceland.

Whatever you do, don’t feel like you need to take a tour for everything. You don’t. For example, you can easily do the Golden Circle and Thingvellir National Park on your own full-day road trip. But you may want to splurge on something like a glacier hike or an ATV tour that you CAN’T do on your own.

You can also forgo the touristy and expensive Blue Lagoon (if you go you need to book in advance), in favor of other hot springs around the country, like Krauma, the Sky Lagoon, the Secret Lagoon, or Fontana Spas.

There are a few things that I always recommend to clients. First, this is the land of ice and fire. Do at least one activity that takes you out onto a glacier (the ice part) such as:

• A glacier hike (minimum age 10-14 depending on provider) – see my age-based guide on things to do in Iceland with kids
• Snowmobiling on a glacier
• Ice cave trip (winter only)

Another option is to take a boat tour of the Glacier Lagoon .

For the “fire” part, I would recommend either a lava tube cave tour , a stop at the Lava Center , and/or a visit to at least one hot spring or spa.

There are so many fun things to do in Iceland. If you are adventurous, I would recommend splurging on something like a super jeep tour or ATV/buggy adventures.

I would recommend staying away from large group bus tours (e.g. Reykjavik Excursions) and instead book a small group or private tour with my partner Hidden Iceland . You can save 10% on scheduled group tours with Hidden Iceland using promo code WE3TRAVEL or for private tours, just tell them I referred you when you contact them.

If you can splurge on a few activities, here is what they would cost (based on current exchange rates):

• Secret Lagoon (2 adults, kids are free) = $47
• Into the Glacier (2 adults, 2 kids) = $727
• Lava Cave tour (2 adults, 2 kids) = $122
• Super jeep tour (2 adults, 2 kids under 11) = $1052

Total Activities Cost for 2 adults and 2 kids under 12: $1545

Total Iceland Budget: $8,545

So yes, Iceland vacation costs are high. If you look closely at the breakdowns, you can find ways to save money. You can also easily spend more. This was meant to be a guide to how much a trip to Iceland costs based on my experience helping so many families. Larger families or groups will cost more. Couples or solo travelers will be much less.

Traveling off-season will save you money (see my tips for visiting Iceland in the winter. ) You can also reduce the number of days you stay. If you stick to just one region, you can actually pack a lot into just five days, but I wouldn’t recommend staying any less.

Plan Your Iceland Trip

This article was sponsored in part by Moon Travel Guides. All opinions are my own.

Planning a trip to Iceland can make your brain hurt as you try to decipher between all of the words ending in foss (hint: that’s a waterfall), jökull (glacier), or vik (bay) and struggle with the logistics involved in mapping out an Iceland road trip. I’d recommend ordering a copy of Moon Travel Guides’ Iceland with a Road Trip on the Ring Road .

This guidebook provides options for a variety of itinerary ideas and road trips (with helpful maps!) It offers honest advice on where to eat, where to stay, and when to go, including a helpful phrasebook! Even after three visits to Iceland, I’ll be digging into this guide with up-to-date information to plan my next trip too.

Where to Go in Iceland

If you need some help deciding where to go in Iceland, be sure to check out our guides and itineraries:

• Iceland five day itinerary on the South Coast
• Four days in the Westfjords
• Day trips from Reykjavik
• Day trip to the Snaefellsnes Peninsula

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Tamara Gruber is the Founder and Publisher of We3Travel. A former marketing executive and travel advisor, Tamara is an award-winning travel writer and recognized expert in family travel. Tamara is a member of SATW and the Adventure Travel Trade Association, and serves on the Board of the Family Travel Association. She is also the publisher of YourTimetoFly.com and the co-host of the Vacation Mavens travel podcast.

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Publish Date: November 23, 2023

1 thought on “How Much Does an Iceland Trip Cost? (2024 Iceland Budget)”

We did AirBNB’s and avoided the capital. Saved us lots! Iceland was my milestone 50th country!

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• Travel Planning Guide

How much does a trip to Iceland Cost?

How much money should you budget for your trip to Iceland?

• How much does a one-week trip to Iceland cost?
• How much does a two-week trip to Iceland cost?
• How much does a one-month trip to Iceland cost?
• Hostel Prices
• Hotel Prices

The Cost of a Trip to Iceland

A trip to Iceland for one person usually costs between $90 and $483 per day and $181 to $966 for two people. This is a wide range of costs, and the daily average per person from our data is $208 (kr28,676) per person. This average includes food, accommodation, sightseeing, and local transportation expenses contributed from other travelers. Prices can vary based on travel style and activities. While the overall price for a trip to Iceland is dependent on your personal travel style and the specific places you visit, if you book standard accommodation and travel with an average level of convenience, then your budget should be somewhere within this range. Also, the prices for individual destinations such as Reykjavik, Akureyri, and Hofn may vary, but generally fall somewhat close to this range. Below you can find a breakdown of travel expenses by category, plus a comparison of guided tour costs versus traveling independently.

For budget travelers in Iceland, planning for around $90 (kr12,465) per day should cover essentials such as accommodations in hostels and budget hotels, affordable meal options, local transportation, and engaging in various activities. If you're a mid-range traveler, setting aside around $208 (kr28,676) per day would allow for more comfortable stays in typical hotels, dining at regular restaurants, and exploring a diverse range of popular attractions. Luxury travelers, on the other hand, should consider a daily budget of approximately $483 (kr66,669) to accommodate higher-end hotel stays, dining at nicer restaurants, and indulging in more exclusive private tour options. It's important to note that these price ranges are derived from our extensive travel cost data for Iceland, which is based on valuable insights from other travelers as well as hotel and tour data provided by travel companies. For a more detailed breakdown of travel costs, you can refer to our comprehensive travel cost data for Iceland .

How much does a one week trip to Iceland cost?

When planning a one-week trip to Iceland, most visitors to Iceland spend between $632 and $3,380 for their trip, with the average cost falling around $1,454. This estimate includes essential aspects such as sightseeing, local transportation, food, and accommodations. With a full week, you'll have sufficient time to explore one, two, or possibly three locations within Iceland, depending on the amount of time you want to spend in each place. The most popular places worth considering are Reykjavik , Akureyri , and Hofn . Keep in mind that these numbers are based on overall averages and may vary depending on your individual preferences.

How much does a two week trip to Iceland cost?

With two weeks, you should budget between $1,264 and $6,760 for your trip to Iceland. The average price for a two week trip is $2,908. Two weeks will allow you enough time to visit between three and five places. If you're on a budget, you might want to consider some of the more affordable places such as Akureyri.

How much does a one month trip to Iceland cost?

When embarking on a month-long trip to Iceland, expenses can range from $2,709 to $14,486, with an average cost falling around $6,231. For those fortunate enough to have a full month, considering a vacation rental with a kitchen for at least a portion of your stay can help save money with meals. Backpackers often opt for hostels due to their affordability and the added benefit of a social vibe.

Hostel Prices in Iceland

With more than 20 hostels in Iceland, the average price is $46 per night for a dorm bed. Hostels are a terrific option for younger independent travelers looking to save money while staying social during their trip. With many types of hostels, it can be overwhelming to sort out the best places, though. Our analysis of the hostels in Iceland not only found the average price, but also uncovered some surprises about the overall quality, amenities, and atmosphere of hostels in the region. You can see more details from our analysis about typical hostel prices in Iceland here .

Here are a few sample prices from popular hostels in Iceland.

• $36 for a dorm bed at KEX Hostel in Reykjavik more details
• $65 for a dorm bed at Hafnarstraeti Hostel in Akureyri more details

Hotel Prices in Iceland

You'll find a wide range of hotel options across Iceland. Below are prices for some of the destinations, and for more details see our analysis of hotel costs in Iceland .

Reykjavik Residence Apartment Hotel

Milk factory.

Should you do an organized tour or travel independently in Iceland?

When planning a trip to Iceland, there are two primary options to choose from: organized tours and independent travel. Organized tours offer a convenient and hassle-free experience, as all the details of your trip are handled by travel experts. Additionally, you'll have the benefit of an expert guide who can provide valuable insights and knowledge during your journey. This option is often favored by travelers who appreciate the convenience and ease it offers, with many tours providing transportation and expert guides to enhance the overall experience.

On the other hand, independent travel provides a different set of advantages. It offers a higher level of freedom and flexibility, allowing you to customize your itinerary and explore at your own pace. This option appeals to travelers who value the ability to make spontaneous decisions and have more control over their travel plans. The independence of traveling on your own can provide a sense of adventure and the opportunity to immerse yourself in the local culture on a deeper level.

Ultimately, the choice between organized tours and independent travel depends on your personal preferences and travel style. Consider your desired level of convenience, the amount of guidance you prefer, and the level of flexibility you seek when making your decision. Both options have their own merits, and the decision should be based on what aligns best with your travel goals and preferences.

Comparing Trip Costs in Iceland

When we compare the prices of organized tours to the average costs of independent travelers, we can see that sometimes the prices are fairly even.

Tours vs. independent Travel: Pros & Cons

Organized tours.

• An expert guide familiar with the culture
• Convenient transportation
• Fellow travelers to socialize with
• Well researched activities
• Efficient and thought out itinerary
• The security of have a trip leader if something goes wrong
• Limited options
• Usually not customizable
• The fast pace often means you can’t visit one place in depth
• Usually more expensive than independent travel
• There may be limited time to interact with the local culture and community

Independent Travel

• Completely customizable
• Opportunity to visit off-the-beaten-path destinations
• Can fully immerse yourself in the local culture
• Freedom to move at your own pace
• Flexibility to change your itinerary at any time
• More affordable
• Challenging to plan an efficient itinerary
• Transportation may be challenging or inefficient
• Booking and trip planning can be a hassle
• Popular sights may sell out well in advance
• If something goes wrong, you're on your own

Are organized tours more expensive than independent travel in Iceland?

Organized tours typically average around $492 per day and provide the convenience of an all-inclusive package with one comprehensive payment. On the other hand, independent trips usually average around $208 (kr28,676) per day and involve individual payments for accommodations, local transportation, meals, and sightseeing. Both organized tours and independent trips have their own unique challenges and benefits, so it's crucial to thoroughly understand the aspects of each to make a fair comparison. For a detailed analysis of tour prices in Iceland, check out our comprehensive guide on tour prices in Iceland here .

Here are a few sample tours in Iceland:

• Iceland! ($841) 6 days, 8 destinations more details
• The Great Round Tour: Around Iceland in 13 days ($4,502) 13 days, 30 destinations more details
• Iceland Complete: Around Iceland in 10 days ($3,739) 10 days, 25 destinations more details
• 12 Days Grand Tour of Iceland ($6,404) 12 days, 37 destinations more details
• 10 Days Iceland Ring Road In-depth - Private Tour (Winter) ($10,580) 10 days, 20 destinations more details

More for Iceland

If you're planning a trip to Iceland, check out these other informative travel guides.

We've been gathering travel costs from tens of thousands of actual travelers since 2010, and we use the data to calculate average daily travel costs for destinations around the world. We also systematically analyze the prices of hotels, hostels, and tours from travel providers such as Kayak, HostelWorld, TourRadar, Viator, and others. This combination of expenses from actual travelers, combined with pricing data from major travel companies, gives us a uniqe insight into the overall cost of travel for thousands of cities in countries around the world. You can see more here: How it Works .

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• Activities, Day Trips, Things To Do, and Excursions

How Expensive Is Iceland? When to Visit & How To Save Money

The Currency of Iceland

Accommodation and transport costs in iceland, wining and dining: how much does a meal cost in iceland, save with affordable groceries, get alcohol in the right places, so what about coffee prices in iceland.

• Shopping in Iceland

Sightseeing in Iceland

• Weekly and Daily Budgets: How Much You’ll Spend in Iceland

Route 1 - The Backpacker

• Route 2 - The Minimalist
• Route 3 - The Traveler
• Route 4 - The Big Spender

Just for You: Package Comparisons

Find out how much a trip to Iceland would cost to help you better budget for your trip. How expensive is Iceland? What’s the condition of the Icelandic currency? Read on to discover our guide on spending and saving money in Iceland.

The nature of Iceland, which boasts glaciers, waterfalls, active volcanoes, ancient mountains, geysers, and black beaches, draws a myriad of international visitors every year, each searching for adventures and memories to last a lifetime. However, there's no reason it needs to break the bank.

If you're hoping to go on self-drive tours around the country, rent a budget car and explore the largest selection of accommodation in Iceland  to stay at. In case you haven't booked your flight, find the cheapest flights to Iceland and make the most of the land of ice and fire!

Top Budget Self Drive Tours

Best 7-day northern lights self drive tour through south iceland to jokulsarlon ice cave, amazing 6-day northern lights winter self-drive tour on iceland's south coast with ice caving, 5-day northern lights winter self-drive tour with the golden circle & jokulsarlon glacier lagoon.

• Discover 18 Tips on How to Save Money in Iceland
• Learn how to steer away from the 9 Worst Tourist Traps in Iceland

This picturesque country holds a reputation other than the allure of its natural wonders. The question on everybody’s minds before they decide to book their flight to Iceland is precisely how much money they will need in Iceland. Is Iceland expensive to visit, or is it possible to travel on a tighter budget?

Iceland currently one of the most expensive countries in the world. In 2018, Icelandic banks made an extensive report about essential travel costs for visitors, and the numbers were staggering.

Staying in hotels is 10-32% more expensive in Reykjavik than in other Nordic capitals; prices of restaurants and lodging exceed the EU average by 44%, while the cost of alcoholic beverages outstrips the same standard by a whopping 123%.

Of course, following the consequences of COVID-19 travel restrictions in Iceland , these numbers can't be considered dependable. But it gives a general idea of how expensive Iceland is compared to other Nordic countries.

Knowing how expensive Iceland is, you shouldn’t get too disheartened; there are multiple ways to travel in Iceland without emptying your bank account.

Top Nature Tours in Iceland

It might surprise some people that a nation of roughly 370,000 people has its very own currency. The currency of Iceland is called the Krona (ISK). It has a long history of independent monetary policies, including being pegged to the Danish krone and the Euro.

The history of the Krona is complicated, with the locals regularly arguing for or against keeping it. What you should bear in mind when traveling to the country is that the currency of Iceland has little value outside its shores. The Central Bank of Iceland determines its worth, and very few banks outside of Iceland ordinarily carry or exchange it.

This is why, when traveling here, you don't need to carry large amounts of currency with you. You can exchange your notes at the airport, but the exchange rate is more favorable if you do so in a bank in Reykjavik.

Also, remember to change your money before leaving to avoid getting stuck with a currency that no bank abroad can accept.

It’s most common for travelers and locals alike to pay for everything on their credit or debit cards. From small food shacks to large shopping centers, everywhere in Iceland accepts card payments, so it may be worth packing light and paying with your plastic.

To make it easier to understand how much you’ll spend in Iceland, all prices have been converted from ISK to USD. However, it’s important to remember that exchange rates do fluctuate constantly. So, the prices quoted here are bound to vary slightly, and you’ll always pay the actual ISK amount.

• See the  Guide to the Icelandic Krona (with a currency converter!)

What you’ll end up paying for accommodation in Iceland largely depends on the type of lodging you select. From cottages in the nature of Iceland and affordable hostels in Reykjavik to Icelandic guesthouses with a local flavor , the variety at hand has a vast price range, and there are indeed options that will suit your particular needs.

• Find out Where to Stay in Iceland
• See also: Top 10 Best Hotels in Reykjavik

Expensive as the overall selection might be, there are very few luxury hotels which most being three star hotels. Despite that, you could pay the same for a hotel as in New York or London. For   three or four-star hotels, the prices range from an affordable 50 USD to 850 USD per night, with most establishments offering free Wi-Fi. Breakfast is generally available, but not always included.

Expensive lodging is the case for visitors and locals; the price of a roof over one's head is soaring. There’s a housing problem on the rise in Reykjavik, where the top percent of the community monopolizes the current generation of renters incapable of investing in homes.

A significant factor in this situation is the staggering number of apartments leased through Airbnb in Reykjavik. If you're considering this route, think about the community you're coming to and try not to exacerbate this problem for the locals.

Consider booking official accommodations, and remember that  renting entire apartments in Iceland  is also available, as is booking people's summer cottages in the countryside, which is much more appreciated. These summer houses offer closeness to nature, tranquility, and exclusivity. They often come with a private hot tub while still being very affordable.

Nobody wants to stay cooped up in a hotel for the duration of their stay, so even if you book the cheapest accommodation with this in mind, booking tours, transportation, and the issue of food still add to your spending.

However, by booking a complete vacation package in Iceland  that combines exciting tours and things to do, as well as accommodation, transportation, and breakfast, you save yourself the jolt when taking care of the bill. You only need to drive from place to place, while everything else will have been taken care of at an affordable price.

Your cheapest bet, however, will most usually be camping. Luckily, that is an option of steadily increasing availability when traveling around Iceland. Camping sites are common around Iceland and allow you to get closer to the nature you're here to see. Camping is the most sustainable option, providing that you leave the area in the same state you found it.

• See also: Camping in Iceland | All you need to know

When camping in Iceland, you still need the means to travel to your selected locations. That is where renting a car in Iceland or booking a  self-drive tour  comes in handy. You’re provided with a vehicle or a camper with a rooftop tent and a detailed itinerary that makes you the guide, enabling you to move around the island and visit sights on your own.

Remember that Iceland is situated on the edge of the Arctic Circle, so camping is an infinitely easier option during the summer months. Camping in the Icelandic winter is an activity reserved for only the most avid trekkers, who are experts in reading the weather forecast , possess all the proper equipment, and have years of experience when it comes to surviving in the wild.

• Check out our  great selection of winter self-drive tours
• See info on What To Pack for Iceland for All Seasons
• See our guide for How to Drive Safely in Iceland

If you're feeling adventurous, there’s also the option of hitchhiking, which is exceptionally safe in Iceland. If you're driving a rental, picking up hitchhikers and suggesting that they pitch in for petrol is an excellent way of saving gas money.

• See also: Iceland's Weather, Climate, and Temperature Year-Round

As for the case of inner-city transport, do not take a taxi unless necessary, and only if you're going to be traveling short distances within the city. It's incredibly expensive. The downtown area of Reykjavik is, in fact, very pedestrian-friendly. It also boasts the public bus service Straeto , where the regular fare is around 4.80 USD and limitless within the hour. Day and month passes are also available for a better price, depending how much you plan to use the bus system.

Public transportation outside the capital is not as good, though. If you’re traveling anywhere outside the city, you should know that renting a small car in Iceland is always a lot less expensive than taking a public bus.

Some newcomers make a big mistake by taking a taxi from KEF Airport to the city. Rent a car, or book the shuttle bus to Reykjavik instead, which will save tenfold.

Top Airport Transfers

In the last few years, Iceland has witnessed a surge in its local food scene, with numerous world-class restaurants sprouting all over the capital, some of which have Michelin stars and mentions!

The possibilities for dining are endless. Traditional Icelandic food is fused with other cuisines or spiced up with exotic ingredients to create venues for fine dining that stand tall amongst the competition.

• See a selection of the Best Restaurants in Reykjavik
• Read our  Vegan and Vegetarian Guide to Reykjavik

Eating out is relatively expensive (the average plate will cost between 15 USD and 40 USD), so the locals consider restaurant dining a treat instead of a regular occurrence. If you're going to be eating out in Iceland every night of your stay, expect your expenses to soar.

Instead, you should research the possibilities and plan for one or two special occasions. As with most things in Iceland, they might come at a cost, but they’re well worth it for the unique and quality experience.

Be careful when you buy fast food like pizza, burgers, or sandwiches. One might think it's more cost-effective, but Reykjavik's casual dining pretty much falls within the same price range as the more refined dining. A pizza usually costs around 15-20 USD - virtually the same as a meal at a nice restaurant.

Eating out in Reykjavik is expensive. The best way to save a buck is to take advantage of lunch hours when numerous inner-city restaurants offer reduced prices or two-for-one deals on selected dishes.

The most economical way of eating food in Iceland is to cook it yourself. If you're purchasing groceries, avoid the supermarket chains 10-11 or Krambudin, the most expensive grocery stores in Iceland. Shopping there might go as far as doubling your grocery bill! Instead, head straight for the budget supermarkets in Iceland, where locals get groceries.

Kronan stores are ideal for lunch-pack shopping before you leave town and embark on your adventures, especially if you're in need of a simple ready-to-go sandwich, pastry, or another easy lunch option. This way, you can skip the roadside kiosks that tend to offer things like burgers and hot dogs, but for sky-high city restaurant prices!

As for alcohol, Iceland’s relationship with it is rather complicated. Beer prohibition was lifted as recently as 1989, and although Icelanders like to wet their whistle, the accessibility is somewhat limited compared to international standards.

Alcohol is only sold in the state-run liquor store known as Vinbudin  (Icelanders call it "Ríkið," which simply means "The State"), which has limited opening hours. It's always closed on Sundays and public holidays. Therefore, stock up beforehand if you plan to go out or even stay in. However, in these state-run stores, taxes are very high, so the very best bet is to shop duty-free at the airport on arrival!

You should also watch out for what appears to be beer on the shelves of local supermarkets - it's not. Supermarkets are only allowed to sell beverages with a maximum alcohol content of 2.25%. Therefore, these are nearly alcohol-free beers, but many travelers have been fooled by their appearance and become placebo-drunk.

Despite all of this, you can’t avoid hitting the streets at some point, and you shouldn’t since Reykjavik boasts some fantastic high-quality bars and pubs that are a joy to visit. Although the prices are high (roughly 8 USD for a pint), Reykjavik has a vibrant happy-hour culture, where you can hit the bars at the correct times for the best prices.

• See more:  Happy Hour: Reykjavik's Cheapest Bars
• Learn about Best Bars for Craft Beer in Reykjavik

Now that you know how expensive Iceland is don’t expect to save money on shots, mixers, or cocktails since those rarely fall under the happy hour menus. Most happy hours include the house’s red and white wines, and sometimes a sugary cider if beer is not your preferred drink.

Photo courtesy of Von Mathus Gastropub . No edits made

How much is a cup of coffee in Iceland? You may want to consider it an odd treat instead of a daily buy. A cup of latte or cappuccino goes for around 5 USD, tea at about 3 USD (usually with free hot water refills), and a regular black coffee goes for anything from 2.50 USD to 4 USD (depending on if refills are included).

There are a few ways to get around this. Since Iceland is one of the biggest coffee-consuming nations globally, your accommodation might include it as complementary. You'll also find free cups of coffee at most banks intended for customers if you're desperate for a caffeine fix.

Now that you know some prices in Iceland,, avoid buying bottled water . Water from the faucet in Iceland is among the cleanest and purest in the world, full of healthy minerals, and is always safe to drink . Just bring a water bottle with you, and rest assured that every establishment will happily refill it.

Shopping in Iceland 

Photo courtesy of Smaralind mall

When shopping in Iceland, the estimation ultimately depends on what you're here for and what you're willing to spend. Although enjoying Iceland is not solely reserved for the wealthy, shopping here might very well be.

Fashion wear in Iceland is taxed through the roof. For instance, a pair of Levi's jeans is sold with a roughly 40 percent markup compared to Scandinavia, the UK, and the US.

Most locals prefer to do their most extensive shopping online or abroad, heading to discount stores in Copenhagen or Berlin in unison with their travel plans. Icelanders also love to hunt for discounts and sales, in which case the two Reykjavik shopping malls, Kringlan and Smaralind , are the prime destinations.

The city offers a wealth of local design stores, each holding unique and hand-made garments for an attractive price. Shopping vintage is another option. There are a lot of great second-hand stores on Laugavegur street , where you could even score your very own authentic lopapeysa for cheap.

You can also head to Kolaportid Flea Market - the only place in Reykjavik where you can practice the art of haggling. The market is only open during the weekend, and you should go here if you want to pay next to nothing for Icelandic wool products, stamps, postcards, weird knick-knacks, or vintage wear.

Photo from  Wikimedia, Creative Commons, by Karl Gunnarsson.  No edits made. 

The so-called "puffin shops" that litter the local streets might promise a bargain on authentic Icelandic memorabilia if you're looking for souvenirs. But they’re specially tailored tourist traps selling only mass-produced plastic ornaments from faraway lands.

These shops also drive out local businesses, so you should hunt for the more authentic souvenirs at the National Museum of Iceland gift shop, the Handknitting Association of Iceland , or the aforementioned Kolaportid Flea Market.

The best memories you can buy are the numerous adventures you’ll embark on and all the stunning natural sights you’ll behold. Just remember to pack a camera, and you can bring back all those memories.

Top Reykjavik Tours

They say that the best things in life are free. Icelandic nature boasts wonders unparalleled anywhere else in the world. It’s a place where the geothermally active terrain of hot springs and geysers meets with rural coastal villages, in contrast with wild and uninhabited Highlands .

• Discover Iceland's mountains , fjords , and waterfalls
• See also: Glaciers , caves , and volcanoes  in Iceland

Although feasting your eyes on these marvels comes at no cost, you still need the means to get there, a place to stay, and the proper gear and guidance. Nature isn't only there to be looked at; you can and should participate in activities offered to experience it fully.

So when you head to, for example, Thingvellir National Park , a rift valley at the conjuncture of two tectonic plates, you can add significantly to that experience with  snorkeling tours  in the amazing Silfra fissure. Or, if you visit Skaftafell National Park , home to the largest ice cap in Europe, you can embark on a glacier hiking tour  or  venture inside an ice cave .

Luckily, Iceland offers various guided services to make these activities available to visitors. This is the case even with a celestial phenomenon like the northern lights in Iceland .

Though they appear in the winter sky of their own accord, some people work around the clock to calculate their arrival for you by using solar wind readings and weather forecasts. If that fails, most companies offer you compensation for your tour.

That compensation usually allows you to embark on the same tour on a different night to try your luck again, just make sure to check with your chosen tour provider. Therefore, the best way to see the northern lights is to  book a northern lights excursion for the beginning of your stay.

Tours differ significantly in expenses, but we advise you to book packages, as one adventure will undoubtedly leave you thirsty for more. If you buy your tours one at a time, the costs will add up much faster than if you allow the experts to join a few together.

Iceland also offers endless possibilities for hiking and trekking, where you can explore the vastness of the Highlands over a few days while staying in cabins in between. Hikes are a summer activity, but you still need warm clothes, good hiking boots, and food since there are no shops around.

• Read about Hiking in Iceland

Remember always to make a travel plan and then leave the said plan at safetravel.is so you can be located and rescued if you get into trouble. The nature of Iceland should not be underestimated, but if you follow the proper guidelines, you should be fine.

Apart from embarking into the wild, there are also plentiful opportunities to go sightseeing within municipal limits. The capital of Reykjavik possesses a myriad of museums and sights, some of which are free of charge and some of which you can save a buck when visiting by purchasing passes.

• Check out the 13 Best Cheap Things to Do in Reykjavik
• See also:  The Best Museums in Iceland

The Reykjavik City Card is an economical and excellent way to get the most out of your stay in the capital, providing access to a great selection of galleries and museums, all swimming pools in Reykjavik , and public transport.

The pass also gives you a discount on multiple tours and services when you want to leave town, meaning you won't only save money if you stay in the city.  You can purchase a 24 , 48 , or 72-hour Reykjavik Card to meet your needs.

• See also: Top 12 Things to do in Reykjavik
• See also: Secret Spots & Hidden Gems in Reykjavik

Weekly and Daily Budgets: How Much You’ll Spend in Iceland

We hope this article has given you an idea of the different expenses and possibilities when traveling in Iceland. There's nothing left now except to present you with estimated budgets to better your abilities to plan the journey of your dreams. 

The Backpacker's approach to traveling in Iceland includes no transport except  booking the affordable airport shuttle to Reykjavik . Otherwise, they can hitchhike. 

They would camp in the city, where the cheapest option goes for around 23 USD per person. There are also a couple of additional spendings, such as electricity rent or using a washing machine once.

This person would cook their meals, of which rouchly 70 USD should buy them groceries for the week. When we throw in two 72-hour Reykjavik City Cards, showers are covered with daily trips to one of Reykjavik's geothermal swimming pools. 

The Backpacker can sightsee the city, hike up Mount Esja,  and hitchhike to nearby municipalities such as the Reykjadalur hot spring valley in Hveragerdi or the Reynisfjara black sand beach in Vik .

One week's expenses for this approach come to around 300 USD or 42 USD daily for one person.

Extra: Backpacker's Splurge

With one night out, one night eating out, and one budget tour such as a Golden Circle Minibus Tour  for one person, the estimation rises to about 435 USD for the week or around 62 USD per day. 

Route 2 - The Minimalist 

The Minimalist's approach includes hostel accommodation at about 55 USD per night, where cooking facilities enable them to buy groceries for the week for around 70 USD. Let's throw in a case of Icelandic beer for roughly 16 USD to keep the fridge stocked!

This individual would go to a cafe a couple of times and eat out once and allow themselves to purchase one combo tour, such as  Whale Watching and the Golden Circle combo tour , for approximately 202 USD.

They would book an affordable airport transfer from Keflavik Airport  for around 37 USD, but otherwise use the public transport system or rent a small car for one day for around 46 USD.

The Minimalist could spend a day driving along the South Coast or visiting the Snaefellsnes peninsula . A small car will suffice if the season is summer. 

One week's expenses for this route come to about 570 USD or 81 USD daily. 

Extra: Minimalist's Splurge

Booking admission to the luxurious Sky Lagoon and one good night out in Reykjavik , the estimation would rise to around 675 USD for the week or 96 USD per day. 

Route 3 - The Traveler 

The Traveler would book hotels or a guesthouse for around 85 USD per night and rent a four-wheel drive car in Iceland  for the whole week, with gas prices at roughly 2.30 USD for the liter. 

They would hit a cafe three times, eat out maybe four times and buy additional groceries for 62 USD. They might purchase a couple of meet-on-location tours, such as a  horse riding tour in beautiful scenery near Hveragerdi for 67 USD and a  Silfra snorkeling adventure at Thingvellir for 140 USD. 

The Traveler uses their four-wheel drive car to explore the Highland roads and sightsee the wild nature of Iceland and stay outside Reykjavik for several nights. 

A week like that would come to about 1,380 USD, or 197 USD daily. 

Extra: Traveler's Splurge

With one all-included Beer & Food Tour in Reykjavik for 77 USD and admission to the world-renowned Blue Lagoon , the week goes up to 1,594 USD or 227 USD per day. 

Route 4 - The Big Spender 

The Big Spender might book a nice hotel for 235 USD per night and a cottage in the countryside for 118 USD per night. That way, they could enjoy the full extent of gorgeous rural landscapes and the capital city.

They would rent a luxury car for seven days at 95 USD per day and go on three combo tours for 490 USD. 

They might hit a cafe five times during the week and eat out every night. They wouldn't hesitate to match their meals with wine and craft beer, doubling restaurant expenses. 

The Big Spender could, of course, spend a lot more, but this data is meant to showcase a week where the goal isn't to spend money but to see Iceland off a budget.

This approach would leave the week at 2,720 USD or 388 USD per day.

Extra: The Big Spender's Splurge

If this individual wants to splurge, the sky's the limit. Why not add a helicopter tour , exploring Iceland from above and maybe even touching down on an actual glacier for 590 USD? 

Now that you've seen the different approaches to estimated Iceland budgets, you can compare the costs with self-drive tours and all-included travel packages. 

A week's self-drive tour around the whole country, with a car, accommodation, breakfast, and a Blue Lagoon voucher such as this one is 754 USD, where added meals and gas expenses would bring the estimation to 140 USD a day. 

This would top the Traveler's approach - while including more comforts and a lot more sightseeing. There are also budget self-drives, such as this budget-friendly Golden Circle & South Coast tour , available for 743 USD that don't have breakfast or vouchers - ideal for the Minimalist!  

A package such as this customizable Icelandic Wonders tour offers Reykjavik accommodation for five nights, one night at a country hotel, two bus tours, and a Blue Lagoon voucher, all for 1,092 USD. 

Add a few night outs to that, and the estimation would come to 210 USD per day, which matches the Traveler's approach and tops the Big Spender route by miles in being economical. The possibilities are endless, but this should give you an idea.

PLEASE NOTE that all prices listed are subject to change, and we do our best to keep them updated to show the correct information. If you have any additional questions on the costs of traveling in Iceland, don't hesitate to ask them in the comments below, and we will answer them as soon as possible.

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How Much Does it Cost to Go to Iceland? 2024 est.

It’s no secret that a trip to Iceland can be expensive. But did you know that the cost of your trip largely depends on variables like what season you plan to travel in? The ever-fluctuating prices of accommodation, activities, and even daily meals can play a big role in the final tally of your expenses.

Budgeting for your trip, whether you plan to splash out or you’re looking to travel on an extreme budget, can take some sleuthing. Moreover, currency conversion and unfamiliar pricing can sometimes be a challenge for travelers.

To make it easier for our readers, all the prices we discuss in this guide will be in USD . This way, you can get a clearer picture without getting bogged down with currency conversion rates. Read on to see how much it costs to travel in Iceland and how to properly budget for your trip to the Land of Fire and Ice.

How to Calculate The Cost of Traveling in Iceland: Things That Can Affect Cost

When you travel.

What season you travel to Iceland can drastically affect the cost of your trip. Summer, from June to August, is the high season in Iceland. With the midnight sun gracing the horizon and landscapes in their full glory, visitors can expect virtually everything to cost double or even triple what it might cost in the winter months.

Winter, on the other hand, offers its own charm with the Northern Lights and snowy sceneries. If you’re looking for a less expensive trip, plan for winter or shoulder month’s like May and September. If good weather is more important than cost, summer is perfect. But remember, each season has its unique offerings, from winter’s Northern Lights to summer’s endless days.

• Related readings: Best places to go in Iceland

How You Travel

Your mode of transportation and approach to exploring Iceland plays a pivotal role in your expenses. For instance, joining a tour will almost always be much more expensive than a DIY road trip along the Ring Road.

Moreover, organized tours provide the convenience of planned itineraries and knowledgeable guides. Doing it yourself, however, is almost always cheaper – and usually more fun! It offers the flexibility to discover hidden gems and explore at your own pace.

• Related readings: Cheap car rental tips in Iceland

Stay Duration

Naturally, the duration of your stay will have a significant impact on the overall cost. While the daily costs might seem high, longer stays can sometimes yield deals or weekly discounts on accommodations.

Visitors who plan to stay longer may experience less expensive accommodation costs. However, other costs, like food and car rental, will be higher. So, it’s always good to plan ahead and perhaps prioritize where to splurge and where to save.

• Related readings: Things to do in Iceland

Traveling with Friends or Solo trip

Solo travel has its own perks, but traveling with friends or family can be economically advantageous. A great way to reduce cost – and have an incredible time – is bringing your friends along! Splitting the most expensive costs of your trip, like accommodation and car rental, can cut your trip cost quite literally in half.

Plus, it’s not just about the savings. You’ll have the added benefit of making unforgettable memories with your besties, laughing at shared jokes, and experiencing the magic of Iceland together.

How Much Do Flights to Iceland Cost?

The gateway to any overseas adventure begins with booking a flight. As with most things in Iceland, flight costs will vary vastly depending on when you plan to travel.

Summer is always an expensive time to visit the Land of Fire and Ice, and airfare skyrockets during this time due to variables like fair weather and seeing the puffins. These unique birds, with their colorful beaks and playful nature, are a top attraction. Holidays, like Christmas and New Year’s Eve, can also drastically increase the price, as with any destination.

For this purpose, let’s delve a bit deeper. When comparing flights from major cities such as New York City and London to Iceland’s bustling capital, Reykjavik, there are notable differences. NYC, being further away, might generally have higher airfares.

Meanwhile, flights from London, thanks to its proximity and numerous daily connections, could offer more competitive rates. Yet, always remember, other destinations could be much more or less expensive depending on proximity to Iceland and the time of year. So, keep an eye out for deals, and consider signing up for fare alerts to get the best bang for your buck!

●     NYC to Reykjavik in June: $500 – $1,000

●     NYC to Reykjavik in July: $650 – $1,275

●     NYC to Reykjavik in August: $700 – $1,700

●     London to Reykjavik in June: $155 – $300

●     London to Reykjavik in July: $120 – $350

●     London to Reykjavik in August: $175 – $400

●     NYC to Reykjavik in November: $400 – $1,000

●     NYC to Reykjavik in December: $400 – $1,100

●     NYC to Reykjavik in January: $500 – $1,000

●     London to Reykjavik in November: $60 – $500

●     London to Reykjavik in December: $60 – $350

●     London to Reykjavik in January: $90 – $300

How Much Does It Cost to Stay in Iceland?

Iceland, with its unparalleled landscapes and mystical aura, offers a diverse range of accommodation options. However, as with many things in this enchanting Nordic island, the prices can be quite steep. The spectrum of accommodation in Iceland reflects its natural and cultural diversity. Whether you’re after the elegance and sophistication of a high-end hotel, the community vibe of a bustling hostel, or the raw and authentic experience of a camping ground, Iceland caters to all desires.

In Reykjavik, the capital city known for its modernist architecture, pulsating nightlife, and rich history, the costs and experiences of accommodation can be particularly varied.

Staying in a plush hotel might mean being treated to views of the Harpa Concert Hall shimmering in the midnight sun, while a hostel could place you in the heart of the city, steps away from the iconic Hallgrímskirkja church.

Camping, on the other hand, though less common within city limits, can be an option for those looking to be closer to the surrounding nature, such as the serene beaches of Nauthólsvík.

While we will delve into specific price ranges shortly, it’s essential to understand that these costs are influenced by various factors. Seasons, proximity to popular attractions, ongoing festivals or events, and even the type of travel group (be it solo, a couple, or with friends) can all play a role in the final accommodation cost. As with any travel destination, it pays—quite literally—to research and book ahead, especially if you’re traveling during Iceland’s peak tourist seasons.

Hotels in Iceland

●     Summer: $150 – $450 (per night)

●     Winter: $130 – $280 (per night)

Hostels in Iceland

●     Summer: $45 – $90 (per night)

●     Winter: $30 – $70 (per night)

●     Summer: $150 – $300 (per night)

●     Winter: $130 – $190 (per night)

●     Summer: $5 – $40 (per night)

●     Winter: Unfortunately, Iceland’s extreme winter weather makes camping prohibitive. Most campsites are closed and visitors may be putting their lives at risk camping during the winter months.

How Much Does It Cost to Eat in Iceland?

When planning your trip to Iceland, it’s essential to factor in one often underestimated expense: food. One of the largest costs when traveling Iceland is sneaky. It’s food!

After all, Iceland is an island, and while it boasts of fresh seafood and local delicacies, a great proportion of specialty foods are imported. This import-heavy approach drives up the prices, making them naturally higher than one might expect.

However, Iceland offers a culinary experience that ranges across a spectrum of costs. But – if you know where to look it is possible to find inexpensive options. Street food and local stalls offer an authentic taste without burning a hole in your pocket.

Prices range from around $6 for a delicious Icelandic hot dog to well over $100 a plate in Reykjavik’s high-end restaurants. For those keen on exploring local flavors without the lavish price tags, it’s advisable to venture into smaller towns and villages where eateries offer traditional meals at more pocket-friendly rates.

Here’s an estimate of how much it will cost to eat in Iceland per person.

High-End Restaurants : $100+ (per meal)

The sky is truly the limit when it comes to the price of high-end meals in Iceland. Most of the country’s fancy restaurants are located in the capital and can be an excellent splurge if you’re a foodie!

Regular Restaurants : $30 – $55 (per meal)

Eating at regular restaurants in Iceland is comparable to eating out in a major city in Western Europe or the United States. These prices can be even higher depending on where you’re dining and what you order.

Fast Food ：$6 – $15 (per meal)

Fast food in Iceland is common in the capital of Reykjavik and it’s easy to find cheap eats in the plentiful gas stations on road trips too. Icelandic hot dogs are always a good go-to fast food to grab.

Groceries : $10-$15 (per day)

Buying groceries is a great way to save money on your trip to Iceland – and it’s a great way to dive deeper into their food scene. There’s nothing better than exploring a grocery store in another country and uncovering delicious goodies like Icelandic skyr.

• Related reading: 6 Best Cheap Eats in Iceland

How Much Do Tours and activity in Iceland cost?

The allure of Iceland isn’t just its captivating landscapes; it’s the immersive experiences that the country offers through various tours and activities. Tours in Iceland do have price variations, especially depending on the season. However, the fluctuations might not be as pronounced as some travelers anticipate. Instead, the most significant distinctions in cost often hinge on the duration and nature of the tours.

Golden Circle Tour

○     All Seasons: $70, per person from Reykjavik

For those looking to venture into the heart of the nation’s natural wonders, the Golden Circle Tour, which includes visits to several national parks and iconic geothermal spots, stands out

Blue Lagoon w/ Entrance

○     All Seasons: $150 per person from Reykjavik

The ethereal charm of the Blue Lagoon, with its therapeutic waters, remains an unmissable experience for many, as does the mesmerizing Glacier Lagoon, although pricing for the latter can vary based on specific tour packages.

Southern Coast

○     All Seasons: $100, per person from Reykjavik

The Southern Coast, with its array of waterfalls, black sand beaches, and scenic views, is another coveted destination.

Northern Lights Tour

○    Winter: $100, per person from Reykjavik

Chase the Aurora Borealis in winter. No two light shows are the same, making every tour unique.

Snæfellsnes Peninsula Day Tour

○ All Seasons: $140, per person from Reykjavik

Known as “Iceland in Miniature”, this tour provides a sampling of all the kinds of landscapes you can find in Iceland, from the Snæfellsjökull glacier to beautiful beaches and rugged cliffs.

How Much Does It Cost To Rent a Car in Iceland?

Exploring Iceland’s rugged terrains, winding roads, and panoramic vistas often demands a mode of transportation that offers both freedom and flexibility. For many, this means renting a car. The undeniable allure of setting your own pace, making spontaneous stops to capture the ethereal beauty of the landscape, and veering off the beaten path makes renting a car a top choice for many travelers.

However, as is often the case in Iceland, the privilege of experiencing the country’s untouched beauty comes at a price. Renting a car here, especially during the peak tourist seasons, can be a significant investment. Still, when weighed against the price tags of guided tours and the potential limitations of public transportation, many find that the autonomy of a personal vehicle provides value that transcends its cost.

It’s crucial to recognize that the costs associated with renting a car in Iceland aren’t static. Seasonal shifts, particularly the contrast between the snowy challenges of winter and the more navigable roads of summer, play a pivotal role in determining rental rates. While winter may offer more affordable rates, travelers should also be prepared for Iceland’s unpredictable winter driving conditions, which can sometimes require vehicles equipped with four-wheel drive or winter tires.

The type of vehicle, from compact city cars to robust 4x4s designed for highland adventures, further complicates the price equation. As we delve into the specifics, we’ve sourced our average costs from one of the country’s more budget-friendly options, Firefly Iceland Car Rentals. This provides a snapshot, but always remember to factor in additional costs such as insurance, fuel, and any additional equipment like GPS or child seats when budgeting for your Icelandic road trip.

Small Cars (e.g. VW Polo)

●     Summer: $106 – $148, per day.

●     Winter: $46 – $65, per day.

Mid-Sized Cars (e.g. Dacia Duster)

●     Summer: $155 – $268, per day.

●     Winter: $70 – $120, per day.

Full-Sized Cars (e.g. Mitsubishi Pajero)

●     Summer: $365+, per day.

●     Winter: $165+, per day.

How Expensive Is Gas in Iceland?

Like in any country, the cost of gas in Iceland is variable and highly dependent on the overall cost of oil and getting it to the island. Iceland is actually one of the most expensive countries in the world to get gas. Luckily, driving distances are relatively short compared to other countries!

At the time of this writing, average petrol prices in Iceland hovered around $8.80 (ISK 1,182) a gallon or $2.30 (ISK 312) a liter.

A Few Budget Saving Tips & Tricks

Iceland, while mesmerizingly beautiful, is known for its hefty price tag on most travel-related expenses. However, with some planning and smart choices, you can enjoy this Nordic wonder without burning a hole in your pocket. Here are a few comprehensive strategies to make the most of your Icelandic adventure on a budget:

1. Visit during the off season.

Iceland’s peak tourist seasons, mainly summer, see a surge in prices across the board. On the flip side, traveling during the off-season, particularly during the shoulder months like late September or early May, can offer more affordable rates on accommodation, car rentals, and even some tourist activities. Plus, you might enjoy attractions without the usual crowds, granting a more intimate experience.

2. Book your trip well in advance.

Last-minute bookings, especially for popular destinations like Iceland, can be pricey. By planning your trip several months ahead, you can snag early-bird discounts and promotions. This not only pertains to flights and accommodation but also to excursions and adventure activities that Iceland is renowned for, like glacier hiking or lava tube caving.

3. Rent a car and DIY your trip.

While organized tours offer convenience, they can also come with a premium price tag. Renting a car and charting your own course can be a cost-effective alternative. This allows you to tailor your itinerary, spend as much time as you wish at specific locations, and even discover lesser-known spots that tour buses might not frequent.

Firfly offers Older model cars rental in Iceland , which means they are even cheaper! If you want to save big on rental cars in Iceland, go for the older model cars is the perfect option!

4. Stick to free attractions – especially if you rent a car. Most of Iceland’s natural attractions are free to visit!

One of the charms of Iceland is its abundant natural wonders, many of which don’t require an entry fee. From the mighty waterfalls of Skógafoss and Seljalandsfoss to the geothermal activity at Geysir, the enchanting Northern Lights, or simply pulling over to pet a herd of friendly Icelandic horses, there’s plenty to see and experience without spending a dime. If you have a rented car, this freedom increases tenfold.

5. Go grocery shopping.

Dining out in Iceland can be a gourmet experience, but it can also be quite pricey. To offset some of these costs, consider visiting local cheap grocery stores like Bónus or Krónan. Stock up on essentials, and maybe even try some local delicacies. Preparing your own meals, even if it’s just a few times during your trip, can lead to substantial savings.

Plus, with the country’s strict food quality standards, you’re in for some fresh and delicious self-catered meals

6. Opt for Local Sim Cards or Portable Wi-Fi.

Rather than incurring hefty international roaming charges, consider getting a local SIM card or renting a portable Wi-Fi device. This way, you can have access to maps, information, and essential apps without breaking the bank.

7. Stay in Guesthouses or Hostels.

Instead of hotels, look for guesthouses, hostels, or even farm accommodations. These often provide a more local experience and are lighter on the wallet. Some even offer communal kitchens, saving further on food costs.

8. Fill Up Your Bottle with Tap Water.

Iceland boasts some of the cleanest and freshest tap water in the world. Rather than spending on bottled water, bring a reusable water bottle and fill up directly from the tap or natural springs.

9. Enjoy the Nightlife During ‘Happy Hours’.

Alcohol can be particularly pricey in Iceland. However, many bars and pubs in Reykjavik offer ‘happy hour’ deals, cutting down costs significantly. Check local listings or use apps like “Appy Hour” to find the best deals.

Maximizing Your Money with Cashless Transactions

After considering all these budget-saving strategies, there’s another financial aspect of traveling in Iceland that’s worth noting for convenience and potential savings. In Iceland, the preference for cashless transactions is pronounced.

Whether you’re sipping on a coffee in Reykjavik or checking into a cozy guesthouse in the countryside, credit and debit cards are the standard mode of payment. This not only provides a hassle-free experience, eliminating the need for constant currency exchanges, but can also be a hidden avenue for savings.

Before embarking on your Icelandic adventure, dive into the terms of your credit card. Many offer rewards or cashback for international purchases. By strategically using such a card for your expenses, you might just earn benefits that pave the way for your next travel escapade.

How much you need to visit Iceland?

Budgeting is one of the most crucial steps in planning a trip to Iceland – especially if you’re looking to do it on a budget. From buying groceries to renting a car to see the country, there are countless ways to save a buck or two on your next trip to the Land of Fire and Ice.

Book your rental car with Firefly Iceland Car Rental for an inexpensive way to see this beautiful country!

Best cheap rental car in Iceland

Dacia Duster or similar | Manual | 4×4 | 2020-2021 (CFMX)

Group e2 reservations are made by car category only. we cannot guarantee a specific car model. or similar.

• 5 Passengers
• Airconditioning

Suitable for the highland F-roads. Please read Terms & Conditions. You must be 20 years of age to drive this vehicle.

Additional Features

• 4 Wheel Drive
• 116 C0 2  g/km
• Adjustable Steering
• Electronic Stability Control
• Power Steering
• Power Windows
• Remote Locking

VW Golf or similar | Automatic | 2020-2021 Model (CDAX)

Group: b2 reservations are made by car category only. we cannot guarantee a specific car model. or similar.

• 2 Large Bags

This vehicle is NOT allowed in the highland F-roads. You must be 20 years of age to drive this vehicle.

• 1 Small Bag
• 2 Large, 1 Small
• 138 cc
• Cruise Control

VW Golf or similar | Manual | 2020-2021 Model (CDMX)

Group: b reservations are made by car category only. we cannot guarantee a specific car model. or similar.

• Front Wheel Drive
• 125 C0 2  g/km

VW Polo or similar| Manual | 2020-2021 Model (EDMX)

Group a reservations are made by car category only. we cannot guarantee a specific car model. or similar.

• 99 C0 2  g/km
• Satelite Navigation

VW Tiguan or similar | Automatic | 4×4 | 2020-2021 Model (IFAX)

Group: o reservations are made by car category only. we cannot guarantee a specific car model. or similar.

Suitable for the highland F-roads. Please read Terms & Conditions. You must be 23 years of age to drive this vehicle.

VW Up or similar | Manual | 2020-2021 Model (MBMX)

Group: z reservations are made by car category only. ,we cannot guarantee a specific car model. or similar.

• 4 Passengers
• Petrol or Diesel
• 95 C0 2  g/km

Manage Booking

Lists by Lukiih 🍀

Practical travel guides with less fluff

• 💰 Trip to Iceland Cost: My Budget Breakdown (2024)

Is It Affordable? About My Trip Total Cost

Budget Breakdown

• Accommodation
• Transportation
• Entertainment

Do You Need Cash?

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Is Iceland Affordable To Travel To?

Iceland is a very expensive destination . Along with Switzerland and Norway, it’s known as one of the world’s most expensive countries to visit.

• The country has a high cost of living and tax rate.
• It is an extremely popular tourist destination, with visitors far outnumbering locals annually.
• The relatively small island heavily relies on imported goods.

For comparison, here’s my daily budget for destinations in Europe:

See all my daily budgets .

About My Trip

To give context to the expenses below, here’s what you need to know about my trip:

• I spent one week in Iceland , thoroughly exploring the South Coast.
• My trip was in August, during the peak season , when things were more expensive.
• I traveled with one other person, which allowed us to split costs like the campervan rental .
• I’m a mid-range budget traveler. I don’t aim to travel on a budget, but I’m intentional about my spending.
• I finance my trips and don’t receive sponsorship.
• All expenses are per person and in US dollars, converted from the Icelandic Króna.

The  exchange rate  was   $1 USD = 137 kr  at the time of writing.

Planning a trip? Here’s what to know about Iceland .

A mid-range budget traveler can expect to spend about  $250 per day  in Iceland. This budget generally means:

• Staying at accommodations that cost about $90 per night
• Booking things 2-3 months ahead if traveling in the summer
• Paying for popular guided tours and activities (e.g., glacier hike )

Here’s a breakdown of my expenses by travel category:

Flight Cost

• $550 (from the east coast of the US to Keflavík International Airport)

A round-trip flight between the US and South Africa costing under $300 is considered cheap, as international flights typically cost over $500.

Accommodation Cost

I typically stay in mid-range budget hotels, but I traveled around Iceland by campervan and stayed at campsites, which was a great decision.

My accommodation budgeting tips:

• Iceland campsites have a per-person fee – These camping fees average $15 per night, which is cheap, as some include hot showers and kitchen facilities.
• Book a campervan at least 4 months ahead – If you book ahead, you can travel in a campervan for closer to $100 a day. I booked mine at the last minute.
• Book hotels 2 months ahead – If you plan to visit Iceland during the peak season , it’s important to book accommodations at least two months ahead. Otherwise, you will have few housing options, as tourist demand is very high in the summer.
• A mid-range budget hotel is still expensive – Expect to spend about $140 per night on a mid-range hotel in Iceland. During the high season, this increases to about $160 per night. Luxury hotels typically range from $300 to $700 per night.

• $29 (my total was $45 for groceries and $155 for dining out)

My most affordable meals:

My most expensive meals:

My food budgeting tips:

• Save money by grocery shopping – Dining out is expensive in Iceland (a sandwich or burger can cost $10 to $15). The popular grocery stores are Bonus (budget option), Kronan (has a wider selection), and Netto (has a smaller selection).
• A $2 hot dog at the gas station is one of the best value meals – Unlike the hot dogs in US gas stations and stadiums, the ones in Iceland are good. I ended up eating several of them throughout my trip.
• Alcoholic drinks are expensive – Alcohol has a high tax rate and import cost. You can save money by getting it at the Duty-Free Store at the airport or taking advantage of happy hours at local bars.
• Bring a reusable water bottle instead of buying bottled water – Iceland’s water is some of the cleanest in the world.
• Hákarl may not be worth it – I ate at Íslenski barinn because the restaurant is known to serve hákarl, a fermented shark delicacy. It wasn’t as bad as others claim, but it wasn’t as unique as I imagined.

You can learn about Icelandic cuisine at a food tour .

Transportation Cost

• Rental car costs – If you’re not traveling around Iceland by campervan like I did, you can expect to spend about $60 per day on a car rental.
• Gas costs – Gas prices are among the highest in the world in Iceland. If you drive the entire Ring Road, the main road around the island, gas can add more than $400 to your budget. My average cost of gas during my trip was $13 per day (I was able to split it with one other person).

During the summer, you can use Iceland’s  public transportation  (i.e., public and private bus companies) to get around the country. However, no single bus will take you around the entire country.

Entertainment Cost 

The activities/attractions I did:

My entertainment budgeting tips:

• Tours are costly – The country offers many $100+ tours that take you whale watching, glacier hiking, and snorkeling between tectonic plates .
• Iceland has many free natural attractions, but they may have small bathrooms or parking fees  – It’s known for its natural beauty with no entrance fee, but several have facilities fees that range from $1 to $5.

See my ratings for Iceland experiences .

• Iceland has an excellent credit card infrastructure, and I found that even remote campsites take credit cards. It’s rare to need cash.

American Express is not widely accepted in Iceland, so bring a Visa or Mastercard credit card.

My tips on using cash:

• USD is not widely accepted, so withdraw a bit of cash in Icelandic Króna.
• Carry less than $40 worth of cash. You only need a small amount in case a card machine is broken or for a few cash-only places. The only place I visited that required cash during my trip was Hrunalaug Hot Spring , but they now accept card payments.
• Tipping is not customary in Iceland, but it’s appreciated by businesses that serve tourists.

Iceland Trip Planner 2024

To make your travel preparation easier, download the trip planner below. It has destination-specific travel information, itinerary, map, and packing list.

My trip planners are built on Notion, which I use for all my travel planning. I genuinely love this tool and creating an account is free .

Thoughts? Questions? Leave a comment below .

Iceland Travel Guides

• 🇮🇸 Planning a Trip to Iceland: 11 Practical Things To Know
• 🚙 Iceland South Coast: Efficient 7-Day Road Trip Itinerary
• 🚐 My Iceland Campervan Trip: How To Plan One + Tips
• 🧊 Glacier Hike in Iceland: Firsthand Review & Tips
• ♨️ Hrunalaug Hot Spring: Firsthand Review & Tips
• ☀️ Visiting Iceland in August: Tips & What To Know

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Away From The Office

Away From the Office: Full-time office worker, part-time traveler

Iceland Trip Cost: How Much I Spent on a Two-Week Road Trip for Two

How Much Does an Iceland Trip Cost? Thanks to Icelandair and WOW Air, it’s usually pretty cheap to fly to Iceland. Once you land, you’ll see prices that will make you scratch your head and question reality. Hotels, gas and food are all much more expensive than you’re accustomed to back home, so unless you save money in advance, be prepared for sticker shock. In this post, I’ll outline how much money

I spent on my two-week Iceland vacation for two people so that you can budget for your trip in advance. I’ll also share some ways to save money on your trip (including a couple of things I wish I knew before my trip).

How we traveled in Iceland I visited Iceland with my husband for two weeks in late June/early July 2018, r oad-tripping to the Golden Circle, Kerlingarfjöll, Landmannalaugar, the South Coast, Jökulsárlón and Heimaey. We splurged on a couple of activities but for the most part, we had a pretty standard trip, eating out at restaurants and staying at hotels as well as Airbnbs. We didn’t do any guided tours or activities, which definitely saved some money.

Cost of hotels in Iceland As I mentioned above, we stayed at a mix of hotels and Airbnbs each night. If you average the total cost of our hotels over 14 nights, it comes to around $310 per night. Here’s a list of all the places we stayed: Keflavik: Hotel Jazz Laugarvatn:  Héradsskólinn Boutique Hostel (we booked a private room with private bath, booked via Airbnb) Kerlingarfjöll: Kerlingarfjöll Mountain Resort Hrauneyjar: The Highland Center Hvolsvöllur: UMI Hotel Glacier Lagoon: Hali Country Hotel Vestmannaeyjar: Airbnb

All the hotels we stayed at were clean and comfortable, although some, like the room at Kerlingarfjöll Mountain Resort, are pretty basic. I chose these hotels because they were close to the places we wanted to visit and in some cases, as with the Highland Center and Kerlingarfjöll Mountain Resort, they were the only option.

Total hotel cost: $4,300

Cost of food in Iceland Whether you’re grabbing a hotdog at the gas station or sitting down at a restaurant, food in Iceland will definitely cost more than you’re used to back home. Here’s a look at our average daily food expenditures.

Breakfast: $0 (thankfully the cost of breakfast is included in hotels) Lunch: $50-70 for two Dinner: $80-$120 for two

Here are some sample food costs to give you an idea of how much we were spending on individual items: Icelandic hot dog: $4-5 French fries: $10-12 Hamburger: $20-25 Can of soda: $4-5 Fish ‘n chips from a food truck: $25 Lunch at the Blue Lagoon (steak) with a soda: $55

If you venture further away from civilization and head to a remote place like Kerlingarfjöll, expect food costs to go up considerably. Here’s what we were spending on food there: Bowl of lamb soup: $35 Piece of chocolate cake: $12 Ham and cheese sandwich: $16

Needless to say, $90 lunch and dinners were the norm there.

With the exception of a dinner at UMI Hotel, we did not splurge on fancy meals and instead chose to eat at the hotel (in places where that was the only option) or try smaller, family-run restaurants. If you’re planning to splurge on fine-dining in Reykjavik or other areas, increase your food budget considerably.

Total cost of food: $1,800 for two people

Cost of rental cars in Iceland: The type of car you need to rent will largely depend on your itinerary. If you’re planning to drive the “F” (mountain) roads in summer, you absolutely need to rent an SUV and receive approval from your rental car agency.

In addition to the cost of the of the car rental, you’ll need to budget for rental insurance as well. In most countries, I rely on my American Express rental car coverage to fully insure the car but renting a car in Iceland is a little more complex, with sand and ash storms and river crossings. We opted to rent our car through Lotus Car Rental and paid extra for the Platinum package, which included:

• $0 CDW deductible
• Tire insurance (we damaged both front tires and did not pay anything out of pocket thanks to our insurance plan)
• River crossing protection (highly recommended if you’re driving on F roads)
• Sand and ash protection
• Gravel protection

We rented a Subaru Forrester for our 2-week trip and it handled the F roads and river-crossings well.

Total car rental cost in Iceland: $2,681

Cost of gas in Iceland:

Gas in Iceland is outrageously expensive, averaging around $8 a gallon. Thankfully, our rental was a diesel and did ok on gas mileage but you definitely should plan on budgeting for the cost of gas in advance.

Total cost of gas in Iceland: $400

Airfare to get to Iceland:

Ok, I’m going to cheat a little on the cost of airfare (but bear with me). Over a year before my trip, I found a fantastic deal on business class tickets from Seattle to Paris on Air France, long before I decided that I wanted to visit Iceland. Once we made the decision to go to Iceland, I purchased tickets from Paris to Iceland via Icelandair on the outbound and WOW Air on the return.

Since most Americans don’t fly to Europe just to get to Reykjavik, I’m going to use the average Icelandair price from Seattle, which is $500 per person.

Total cost of airfare to Iceland: $1,000 for two

Other costs:

The only entry free we paid the entire time we were in Iceland was the LAVA Centre in Hvolsvöllur. A few additional things we spent money on: fees to use the restroom, bug hats and a few other miscellaneous items that I’m probably forgetting right now.

Other costs total: $100

Total Trip Cost Total cost of visiting Iceland for two weeks, for two people = $10,100. Yes, you read that right: $10k for two people.

In case you’re wondering, I saved for this trip for a year and a half by automatically moving money from my checking account to my vacation savings fund. I definitely think the trip was worth the cost but I think next time I visit, I’ll try to save money on food.

Speaking of saving money, here are a few tips that will help you save on expenses while in Iceland:

• Consider traveling with a group of friends. You’ll be able to split the cost of the car rental + gas with them, saving a pretty big chunk of change.
• Camp: Even Airbnbs and basic guesthouses are fairly expensive in Iceland so camping will save you quite a bit of money. If you plan on camping in the highlands, make sure you bring (or rent) gear that will keep you warm.
• Cook your own meals: If you shop at the grocery store and cook at your Airbnb or guesthouse, you’ll save a lot of money. Ideally, you should bring some packaged food from back home to supplement meat and fresh items from Iceland. Definitely bring a cooler from home because I did not see them for sale anywhere on our roadtrip
• Hitchhike: This one is pretty extreme and not something that I’d try but it seems perfectly safe to do in Iceland. If you hitchhike, be prepared to stand outside for long periods in the rain and wind until someone picks you up. You’ll also need a lot of flexibility in your schedule.

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Read more about Iceland on Away From the Office: Two weeks in Iceland: Highlands, waterfalls and glaciers 21 things I wish I knew about Iceland before my trip Is the DC-3 plane crash worth visiting? 56 photos that will make you want to travel to Iceland

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Author: Rebecca Pattee

Rebecca started Away From the Office to encourage office workers to temporarily step away from the 9-5 grind and see the world. Follow along for advice on amazing destinations, packing tips and more. View all posts by Rebecca Pattee

2 thoughts on “Iceland Trip Cost: How Much I Spent on a Two-Week Road Trip for Two”

It’s exactly what I need. Very useful and informative guide, thanks for sharing this!

Where did you get your jacket?

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How Much Does an Iceland Trip Cost? Our Road Trip Budget

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Are you wondering how much does an Iceland trip cost? The simple answer is that it’s not going to be cheap. Our Iceland road trip is the most expensive trip we’ve ever taken, but it was 100% worth it.

Iceland is like nowhere else we’ve visited and has truly spectacular scenery.

During our 12-day road trip we hiked up volcanic craters, wandered through lava fields, lazed in hot springs, rode cute Icelandic horses, snowmobiled across a glacier, spotted seals and an arctic fox, gazed at the northern lights, walked along red, black, and golden beaches, and saw so many waterfalls.

See our Iceland itinerary for details of what we did and where we stayed.

We travelled in Iceland on a mid-range budget. We rented a 4WD rather than a compact car for more comfort on gravel roads, we stayed in comfortable self-catering cabins with private kitchens and bathrooms, cooked most of our meals, and did a few expensive activities.

You certainly could spend more by choosing luxury hotels and eating out every day.

Or it is possible to travel in Iceland on a budget by camping or staying in guesthouses with shared bathrooms and skipping paid activities (there’s so much to see for free).

Video: Iceland Inspiration 

Cash vs credit cards in iceland, our iceland travel budget, accommodation, entertainment, miscellaneous, iceland expenses not included above, more iceland reading.

If you are looking for inspiration for your Iceland trip, check out our video on the best places to visit on the Snaefellsnes Peninsula .

Back to Contents

You don’t need much cash in Iceland as credit cards are accepted almost everywhere.

We withdrew 10,000 Icelandic króna from an ATM at the airport (which charged a fee), but we only needed 3000 ISK for unattended hot springs and toilets (where you put the fee in a box).

Make sure you bring a chip and pin credit or debit card for the unattended petrol pumps (or buy a pre-paid gas card from petrol stations when you arrive).

Here’s our total Iceland trip cost for two people on a 12-night road trip in September 2018 (in British pounds, Icelandic Krona, and US Dollars):

Our average daily spend was £325/ $425 which is £163/ $213 per person . We were a little over our budget but weren’t strict about our spending. Here’s what we spent it on:

Note: The current exchange rate is approximately 1 GBP = 175 ISK (Icelandic krona), 1 USD = 130 ISK and 1 EUR = 150 ISK.

22% of total. £72/ $94 a day

Transport was the second biggest category of our Iceland trip budget.

Renting a car is the best way to explore Iceland as public transport is minimal (and only runs in summer) and the best places to visit are in remote areas.

You don’t need a 4WD for most Iceland trips (unless you are driving F roads which most people don’t), but we chose to rent one for more comfort and higher clearance on the many bumpy gravel roads in the Westfjords.

We used Booking.com to find the best deal and booked a Dacia Duster compact 4WD with Budget who have an office at Keflavik airport (many companies require a shuttle bus to their office).

It cost about £50 ($65) a day for a 12-day rental. A compact car would cost half that.

Make sure you check what insurance your rental includes and what the deposit is—it can be up to $3000 with local companies.

I recommend buying a separate car hire excess insurance policy. We have an annual policy that covers multiple trips and is far cheaper than getting extra insurance with the rental company. 

We spent 22,870 ISK ($195) on petrol for the whole trip driving 1686km (1048 miles).

Our other transport costs were a toll road fee near Bogarnes (on the way to the Snaefellsnes Peninsula ) of 1000 ISK ($8.50) and the Baldur ferry from Stykkishólmur to the Westfjords which cost £87/ $115 for two adults and one car.

Iceland Without a Car

If you don’t want to rent a car, you could base yourself in Reykjavik and take day tours such as this Snafellsness day tour, the classic Golden Circle Tour , or a South of Iceland full day tour. Most day trips cost from US$60 to $130. 

Taking a tour is a good idea if you are visiting in winter and don’t feel confident driving on snowy and icy roads. 

Flights to Iceland

Our Iceland travel budget doesn’t include our flights as these will be different for everyone depending on where you are coming from.

We flew London Luton to Keflavik (KEF) with Easyjet which cost £55 each there and £78 back. We paid extra for front row seats which included priority boarding and a personal item in addition to our main carry on.

It would have been cheaper if we’d booked further in advance. I booked our whole Iceland trip three weeks before.

From the US there are no longer cheap flights with WOW Air (the airline shut down in 2019), but you can get a free stopover when travelling with Icelandair between North America and Europe.

I always search Kiwi to find the best flight deals.

52% of total. £168/ $220 a day

Accommodation was by far our biggest Iceland expense.

We chose self-catering cabins and apartments as we wanted to stay in remote areas and be able to cook for ourselves (vegetarian options are limited outside of Reykjavik).

We didn’t stay anywhere super fancy, but we chose places with views and more style when possible.

Overall I was surprised by how simple the accommodation was for the price—we averaged £168/ $220 a day. Bedrooms are almost always twin beds pushed together with separate duvets.

We found our accommodation on Booking and Airbnb and I also recommend searching for unique cabins on Vrbo .

We booked three weeks in advance, but I recommend booking further in advance for more choice—this is essential in summer.

Here are the places we stayed with the cost per night for two people from cheapest to most expensive. All had two bedrooms, kitchen, heating, and good WiFi (except where noted).

• Bjarkarholt Guesthouse , South Westfjords £131 ($171) – Basic apartment but good location across the road from a quiet hot spring and we saw the northern lights outside. Convenient for the ferry.
• Hlemmur Apartments, Reykjavik £135 ($176) – Comfortable apartment walkable to everything. No longer available but City Comfort Apartments is a good alternative in the same area.
• Airbnb in Húsafell , West Iceland  £154 ($201) – Modern, well-decorated cabin in the woods with a hot tub on the terrace and good kitchen. No WiFi but we had 4G signal.
• Airbnb in Ísafjörður, North Westfjords £171 ($224) – Cute house overlooking the fjord and close to the centre of town. Sadly it’s no longer available. 
• Airbnb in Hólmavík , East Westfjords £198 ($259) – Large, rustic house with homely details and great sea views. Basic bathroom and small beds but it has a handy washing machine and dryer.
• Cabin at Tradir Guesthouse, Snaefellsnes Peninsula £219 ($287) – Simple cabins between the mountains and the sea. It would be a great place to see the northern lights (but too cloudy when we were there). Our favourite for views and isolated location. It has now closed—see our Snaefellsnes Peninsula guide for other suggestions.

See our Iceland road trip itinerary for more detailed accommodation reviews.

We travelled in the September shoulder season which we found the best time to go to Iceland . Costs may be higher in the busy summer months of June to August and would be lower in the winter.

Guesthouses with shared bathrooms (and sometimes shared kitchens) would have been cheaper at about £100 ($130) a night. All our accommodation had two bedrooms so they’d be better value if you’re travelling in a group.

Camping with a tent or camper van would be the cheapest option, but you must park in a designated campsite and it isn’t advisable outside the summer months (it was close to freezing at night in September).

8.5% of total. £28/ $37 a day

This includes our eating out, food shopping, and coffee budgets. We self-catered all of our meals except for the last two days in Reykjavik which has some excellent vegetarian-friendly restaurants.

We brought some food from the UK (granola, packaged lentils, couscous etc.) and then stocked up at the discount Bonus supermarket where prices are fairly reasonable. We also bought bread from bakeries and homemade jam from a roadside stall.

See our Iceland packing list for exactly what we brought with us.

Our total spent on food shopping in Iceland was £152 ($200) or £13 ($17) a day for two people.

We also regularly stopped in cafes for coffee/hot chocolate and cake—our average spend was £14.50 ($19) for us both per visit.

We only ate out for two meals in casual restaurants in Reykjavik and the average cost was £43 ($55) for two people.

Main dishes usually cost around 3000 ISK (£20 /$26). Costs will be a lot higher if you add a bottle of wine which is usually from £40 ($52). A beer costs from £5 ($6.50) and can be a lot more.

Alcohol is expensive so we only drank in Reykjavik and a bottle of Prosecco (£11/$14) that we bought at the airport on arrival (the cheapest place for booze) to enjoy in the hot tub at our cabin.

Our food budget would have been a lot higher if we had eaten out for every meal. We could have reduced costs by self-catering in Reykjavik and skipping the cafe breaks, but Iceland has lovely cafes so that would have been a shame.

Tap water is drinkable so we didn’t spend anything on water. We took our Vapur foldable water bottles with us.

17% of total. £56/ $73 a day

You don’t need to spend anything on entertainment in Iceland as natural attractions like waterfalls and national parks are free.

There are some interesting activities, though, and we paid for hot springs and geothermal swimming pools (a classic Icelandic experience not to miss), a few museums, and two pricier activities.

The most popular attraction in Iceland is the Blue Lagoon which costs about $80 and must be booked in advance. We saved by visiting local hot springs and pools instead.

Our Iceland activities included (with the cost per person from cheapest to most expensive):

• Hot pot at Birkimelur swimming pool, Westfjords – 700 ISK ($6)
• Krossneslaug swimming pool, Westfjords – 700 ISK ($6)
• Hallgrímskirkja church tower for the view, Reykjavik – 1000 ISK ($8.50)
• Museum of Sorcery and Witchcraft, Hólmavík – 950 ISK ($8)
• Arctic Fox Centre, near Ísafjörður – 1200 ISK ($10)
• Reykjavik Art Museum (three sites) – 1650 ISK ($14)
• Drinks (four) on a night out in Reykjavik – 5600 ISK ($48)
• Horse riding (one hour) – 8500 ISK ($73)
• Snowmobiling into the Glacier tour – 29,900 ISK ($255)

0.5% of total. £2/ $2.60 a day

This was gifts we bought at the airport on departure.

We didn’t need to buy a SIM card as our UK data/call plans work for free anywhere in the EEA or EU.

If you don’t have an EU SIM you can get a Siminn SIM Card and data plan for 2900 ISK ($25) in Iceland. Or a much cheaper option that you can set up before you arrive is an Airalo e-SIM .

I found the Lonely Planet Iceland guidebook  very useful when planning our trip.

I highly recommend The Little Book of Tourists in Iceland by Alda Sigmundsdottir for tips by a local on travelling safely and responsibly. 

Read my picks for the 10 best books about Iceland to read before you visit. 

Travel Insurance

Travel insurance is essential in case anything goes wrong. We bought insurance with True Traveller , who we’ve been using for years and are excellent value for UK residents.

SafetyWing is another affordable option and is available worldwide. 

Car Hire Excess Insurance

Most car hire companies in Iceland have high excess amounts that you have to cover if you have an accident. They will offer expensive insurance to reduce the excess but it’s much cheaper to buy a separate policy.

An annual worldwide car hire excess policy costs about £40.

Don’t be put off by the high cost of travelling Iceland. It’s a stunning and unique place that’s well worth the price.

• Planning a Trip to Iceland: DOs and DON’Ts
• 14 Places Not to Miss on the Snaefellsnes Peninsula
• Iceland Itinerary: Off The Beaten Path on a Snæfellsnes and Westfjords Road Trip
• The Ultimate Iceland Packing List for Men and Women (Carry-On Only)
• 10 Best Books About Iceland to Read Before You Visit
• Visiting Iceland in September: What to Expect and Things to Do

If you enjoyed this post, pin it!

To anyone living in the States. Check to see if your airport has Icelandic Air.

If so, book through Icelandic Air directly. They normally fly direct and are super cheap.

Reply ↓

Erin & Simon, Thanks for a comprehensive look at the Snæfellsjökull peninsula as well as your general Iceland info. I’ve done loads of research and had our itinerary pretty well mapped out. I’ve added a few more due to your spectacular photos. We too will be visiting in September and coming back thru in October. I appreciate all your tips.

Have a wonderful trip Denise!

Hello. Found this page and thought I would add my 2 cents worth. I did a 12 day trip around Iceland with my sister at the end of August, 2016. We drove around Iceland (ring road) and took many side roads as we went around to get off the beaten path. Our cost was just around $1100 USD per person (we came from Canada, and paid ~$1500 CAD per person). If you book your flight early enough it’s not very expensive, and you really don’t need a 4×4 on your first trip there unless you’re planning on going on F-roads. Most of the roads are pretty good, especially if you’re just want to stick to the ring road and some short side trips, which there are plenty of. 4×4 cars cost much much more than a regular ones, and the diesel cars uses very little gas. This will save you a lot of money. The other big saving, and this is not for everyone, is that we camped. Camping sites cost ~$10 per night per person and usually have showers. Food is food, you have to eat wherever you are so there is really no point including it in the cost (but we did), and same for gas for the car as you might spend something similar driving to work etc at home (but we did include it). Now, lots of people say food if VERY expensive in Iceland. This is not true, depending on what you eat. If you must eat out then sure, it’s going to cost you a lot. But, you can also go to the supermarket and many things are the same price or even cheaper than in Canada/US. We brought a small gas stove ($15 on Amazon) and bought a bottle of fuel there so we could heat up water for tea, coffee and soups. If you can travel this way then you should be able to do Iceland for ~$1000-1200 US per person! Of course it requires some camping gear and know how, so it’s not for everyone, but just wanted to put it out there as a good option. Another one is to go slightly off season (before June or after August) as then you can rent a camper van and sleep in that, and most accommodations will be less if you want to stay in hotels etc, so consider that. I’m going to the Westfjords in summer of 2019 for 10 days and don’t expect that trip to cost me more than $1100 USD, again, camping.

Thanks for the info!

Wow… Thanks for that you’ve done all my homework for me. Have always been intrigued by Iceland. How would you describe handicap accessibility? Wheelchair/cane traveler. Now I just have to talk my sun loving dutchman (Morocco, Cape Verde, Thailand, Vietnam, Mexico) to want this too. Safe travels,=^..^=

I think some of the more popular sights are accessible but we did do quite a bit of walking on rough trails that would be challenging. Here are a few resources that might help: https://guidetoiceland.is/travel-info/iceland-in-a-wheelchair-adventures-accessible-to-everyone

https://www.curbfreewithcorylee.com/category/travel-tips/rolling-around/iceland/

I hope you make it there!

Looks like it was worth every cent Erin. Countries seeming to be on the expensive end of the spectrum are that way for a good reason; you get stunning beauty and Western conveniences in some regards. Plus you avoid the riff raff ya gotta face sometimes in developing nations with a lower cost of living LOL. Rocking breakdown.

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Iceland Budget and Ways to Save Money (Updated for 2024)

• Post last modified: November 25, 2023
• Post category: Iceland

So you want to visit Iceland? And why wouldn’t you. It’s a beautiful country that has a wide variety of things to do and see. And while you may have heard about all of the wonderful things to do in Iceland, you’ve probably also heard how expensive Iceland is. However, after all was said and done, our trip to Iceland was not nearly as expensive as we were expecting. In fact, it’s one of the cheapest vacation we’ve ever taken (per day). How is that possible? Well, it just proves that there is an Iceland budget for everyone! And we’re here to help you save money, plan your Iceland budget, and get you excited about the real possibility of an amazing trip to Iceland.

In addition to helping you plan your Iceland budget, we also want to give you tips for saving money on your trip.   You can use one, you can use them all, you can use none. They’re there to help you fit your trip into your budget so you can make traveling to Iceland a real possibility. With a little creativity, the use of these tips, and lots of advanced planning you’ll be able to create an Iceland budget that is perfect for you.

Stuff In This Post

How Much Will A Trip To Iceland Cost?

The average Iceland budget is $200 USD/day/person. This would be a mid-range vacation and is the type of trip we took and the exact amount of money we spent. If you were interested in a budget level trip, you can spend as little as $100/day (you could even spend less but that would take some hitchhiking and couch-surfing).  

We spent just around $5300 USD for two people to visit Iceland for two weeks in 2021.

Things in Iceland are expensive. However, when you consider that it’s an island and most things have to be shipped there, combined with the fact that the cost of living in so high and therefore the cost of labor is high, the prices make a lot more sense.  

When making your Iceland budget using the tips below, be practical and stay within your budget. If you feel like you can’t have the Icelandic vacation you want within the budget you set, wait, save your money, and get the trip your dreaming of. Sure our Icelandic vacation was a bit pricy, but we also felt like we saw everything we wanted to see and got the exact trip we wanted. We wish this for you too! We’ve heard so many people just going to Iceland for a few days because that’s what they can afford and then being disappointed because they didn’t get to do all the fun things they dreamt of.  

Paying For Things in Iceland

The Icelandic currency is the Krona, abbreviated ISK. Almost all charges, including tour bookings that you make online, will be in ISK. So make sure you have a great credit card that doesn’t charge foreign transaction fees.  

While everything in Iceland will be in Krona, we’ll refer to average prices below in US dollars so that you can know what you’ll need to save to set your Iceland budget. Our transportation prices also assume you’ll be traveling from the United States.

When you’re in Iceland, you’ll NEED to have a credit card. There are places in Iceland that do not accept cash. Overall, you can probably do without cash. There are only a few places that you may need cash and one of those places is public restrooms which sometimes charge a small cash fee to use.  

For more of our Iceland articles, check out our posts here.

Iceland Budget For Transportation

You’ll need to include airfare and ground transportation into your Iceland budget.  

First, a flight from the eastern portion of the USA will cost around $550/person.  

Next, we think the best way to get around Iceland is by car on a self-drive road trip. You can forgo this cost, but you’ll end up spending more on activities because you’ll need to take a guided tour of everything. Iceland is not an easy country to get around without a car. Rental prices average around $79/day for a car.

Also, gas in Iceland is expensive. A liter of fuel costs between $2-3/L ($8-10/gal).

Tips For Saving Money In Iceland

You can take buses around Iceland. Check out the bus routes here . However, the stops are limited so your itinerary will need to be based around the bus schedule. It’s not the best way to travel if you have specific destinations in mind.  

Hitchhiking in Iceland is very common. If you plan on hitchhiking, make sure to stick to the popular roads, like the Ring Road.  

Avoid taxis! Taxi prices in Iceland are outrageous. Consider either tours or shuttles to get to popular destinations. Traveling as a group in these larger vans is less expensive than taxis for one or two people.  

Many people assume you’ll need a 4×4 vehicle to drive around Iceland. However, to save on your Iceland budget, you can easily rent the tiniest, and therefore cheapest, car available if you’re visiting in the summer. You’ll need to stick to more well-kept roads but you’ll be able to travel the entire Ring Road with a tiny car. Additionally, your rental price will be less expensive AND your gas prices will be less as small cars generally get better gas milage.  

If you can drive a stick shift, consider renting a manual transmission. The price saving isn’t a lot, but if you are doing a long trip, you can save around $12/day by renting a manual transmission rather than an automatic.  

Iceland Budget For Accommodations

For a room for two people, you’ll pay around $190/night. This would be a mid-range accommodation. You can spend thousands of dollars for luxury hotels and tens of dollars for hostels.  

Camping in Iceland can be beautiful. There are some amazing campsites, especially the ones that are right next to beautiful waterfalls (like Seljalandsfoss). Most campsites charge a camp fee which is normally under $20/night. They also typically charge a per person fee as well, generally between $5-15/person, which is mandatory and covers amenities at the site like toilets and showers.  

Iceland also has a ton of hostels. You’ll find everything from traditional bunkhouse style hostels to private rooms in farmhouses turned hostels. A majority of these hostel style accommodations will save you money compared to a hotel or cabin rental. However, prices vary widely in range depending on the location in the country and the availability of other nearby accommodations.  

Booking several months in advance can help you to save money as the cheap-but-nice places to stay are always the first to get booked. We booked our hotels 6 months ahead of travel.

Iceland Budget For Food

Food in Iceland is expensive. As much as I would like to tell you there is a way around that there isn’t. If you eat out in Iceland expect to spend over twice as much as you would spend in the US. Breakfast can be reasonable. However, lunch and dinner costs between $25-100 USD/person.

However, this is one area that we recommend you splurge on. Because food in Iceland is a work of art! We visited hole-in-the-wall restaurants in Iceland where the chefs had their many culinary certificates hanging on the wall. And this pride in their work really showed in the food we ate. We routinely spent $100/person on dinners. We ordered sides of lobster tail. It was great! Some of the best food we’ve ever eaten was in Iceland.  

You can eat at cheaper restaurants, but what we found is that you can pay $25/person for average food or $50-100/person for extraordinary food. We spent $50 on a pizza for two that we felt “meh” about. And we spend $150 for a 5 course meal at a rooftop restaurant. When we realized this we just decided to continue to splurge on meals because we felt like the “cheap” food wasn’t worth what we were paying for it but we felt like the “expensive” food was totally worth what we were paying for it in terms of quality.  

Grocery stores in Iceland are only located in larger towns. So you’ll have to plan your grocery stops accordingly. We loved visiting Bonus. Food prices at Icelandic grocery stores are still more expensive than in the US, however, you can find budget options. For example, meat and fruit are very expensive. So we ate meatless lunches and bought cheap yogurt for breakfast instead of fruit. We also got some super cheap caviar one night! So groceries can be a good option as long as you’re willing to eat a little differently than you normally would. Also, keep in mind that Iceland has far fewer preservatives in their food. So things go bad much quicker. This meant that we had to stop at a grocery store every couple of days rather than stock up all at once.  

Food at gas stations is also a budget friendly option. Gas station food in Iceland is like fast food in America. You’ll find hot dogs, burgers, and fried food. This is cheap by Iceland standards but you can still spend $20/person on food here.  

To help keep that Iceland budget low, don’t plan on buying drinks of any kind. Coffee, water, and alcohol are all expensive and unnecessary. Make coffee in your hotel and drink water out of the tap. Water in Iceland is some of the best around! If you want to drink, buy alcohol at the grocery store and have a drink at your hotel. Non-alcoholic drinks out run around $5 and alcoholic drinks are around $15.  

Want even more tips for saving money on food in Iceland? Check out our entire post here, complete with a meal plan.

What We Spent on Food In Iceland

What we would suggest is just accepting that food is expensive and enjoy. However, you can save money by only splurging and eating out once a day. We saved tons of money by grocery shopping and making our own breakfasts and lunches.  

Additionally, we saved room in our suitcase to bring snacks and food from home. We packed all of our breakfast cereal, peanut butter, jelly and granola bars so that we didn’t have to spend extra money on those things in Iceland. Plus then we had room in our suitcases for the plush Icelandic sweaters we brought home!

Below are a few things we packed that helped us pack and prepare food in Iceland.

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Having the option of cooking in your room may cost more in lodging but may save you money in food. However, we rarely had full kitchens and still were able to “cook” a ton of meals. Most hotels have coffee pots or electric tea kettles. This allowed us to boil water for tea, coffee and oatmeal, which we brought from home. We bought almond milk in small containers for cereal so that we didn’t have to have refrigerate milk. Additionally, we opted to pack peanut butter and jelly sandwiches each day so that we didn’t have to refrigerate or purchase lunch meat or veggies.  

We also did meal planning to help us save money in Iceland . This meant that we planned when we would be eating out and when we would be cooking. This helped us to know what to pack for Iceland , and what we needed to buy at grocery stores. We stopped three times at grocery stores in our two weeks in Iceland . For breakfast and lunch we ate meals that we prepared and every dinner we ate out.  

We spent $134 on Groceries and $910 on eating out.  

For our full two week itinerary, check out all the details here.

Iceland Budget For Activities

Activities in Iceland are generally free! Or at most, you’ll need to pay for a small parking fee. It’s one of the best parts about traveling to this amazing country. Your Iceland budget can really shrink if you’re willing to travel independently. However, if you want to do guide tours, you’re likely to spend about $150/person/day for tours. We’ve included some tour versions of things we visited below if you’re interested.

The one tour we would absolutely recommend splurging on is a glacier tour. It was one of the most unique experiences and it was amazing.  

Tips For Saving Money

The best tip for saving money on activities is to only do the free activities. Sure you could fill your days with Icelandic baths, glacier tours, and whale watching tours, all of which are great. But if you want to save money you can still have a great time in Iceland without having to spend over $10/day on activities.

There are several tours that you can do on your own for a fraction of the cost. So if you are considering doing a tour, price out how much it would cost to do it on your own. Chances are if you’re traveling as a duo or family, the self-drive option will be cheaper than the tour group. For solo travelers, the tour will probably end up being cheaper as it will mean you don’t have to rent a car.

Another suggestion is to stay out of Reykjavík. In cities, activities always come with a price tag. However, in the countryside you can come across an amazing waterfall on the side of the road that you can park at and hike to for free.

Our Actual 2021 Iceland budget – Adjusted For Visiting In July 2024

Below is our actual budget breakdown. This includes everything we spent money on; from the flight to Iceland to each day’s activities. I’ve looked at the July 2024 pricing for all of the exact same things. And here is what our 2024 Iceland budget would be if we re-did our exact 2021 Iceland vacation. I should also note that these prices were checked 6+ months out, which is how far out we booked our original trip.

Travel for two weeks in Iceland for a couple – $7550

• Flight – $800/person
• Transportation – $78/day
• Accommodation – $270/night
• Food – $45/day/person
• Activities – $32/day

Other Money Saving Tips For Your Iceland Budget

Book everything in advance. Surge pricing can be crazy in top tourist destinations, like Iceland, and the best deals are always the first to go.

Visit in the off-season – maybe. If trekking around in cold wet weather doesn’t bother you, consider visiting Iceland in the Fall-Spring when the weather gets colder and snow closes some popular attractions. We normally love traveling in the off-season. However, we wouldn’t recommend this for Iceland. Even in the summer, the weather is unpredictable. Plus, during peak tourist times the attractions in Iceland are so remote and spread out that we never felt like we were crowded. Also, lots of businesses close in the off-season due to a lack of business, so while the remaining business are likely to give an off-season discount, your options will be limited.  

Finally, if you’re reading this you’re already doing our number one money saving tip for Iceland: preparing an Iceland budget. Do your research, know what things cost and know what you can (and can’t) afford. This will save you money and it will decrease your travel stress. If you have any questions or comments, we’d be happy to help if you leave them in the comments section below.  

This Post Has 6 Comments

Could you kindly share your itinerary? It’s the length I’ve been considering but a bit unsure of stops.

Not a problem. All of our Iceland posts are here, including our two week itinerary, along with some shorter ones as well.

https://acoupledaystravel.com/the-ultimate-iceland-travel-guide/

Where did you stay in Iceland? Interested to visit Iceland in October 2023

We drove around the Ring Road. So we stayed somewhere different each night. This post here describes the locations where we stayed: https://acoupledaystravel.com/ring-road-trip/

We aren’t high-end travelers but like a good bed each night. And we had great stays throughout Iceland!

Thank you so much for going to all the trouble to write this up very helpful. Glenda Gold Coast Australia.

You are so welcome. I’m glad you found this helpful and I hope you enjoy your Iceland vacation. We sure enjoyed our Gold coast vacation, though it was warmer 😉

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2 Weeks in Iceland Itinerary

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Iceland is located in the Western Region of Northern Europe which lies between Norway and Greenland in the Northern Atlantic Ocean.

It is known as the “land of volcanoes” since there are around 200 volcanoes in Iceland, 35 of which are active. It is definitely one of the best spots in the world to see the splendor of the Northern Lights .

Iceland, the least populated nation in Europe, is home to huge tracts of pristine wilderness and open fields. 2 weeks in Iceland means you will see everything from geysers to volcanoes, glaciers to hot springs, black sand beaches to stunning lava landscapes, and waterfalls to sculpted mountains .

Everywhere you turn, an incredible natural beauty is unmatched anywhere else. If you have 2 weeks in Europe , it can be challenging to decide where to go because everywhere seems so attractive. However, Iceland has the upper hand in this regard. Due to its size and shape, Iceland is one of the best destinations to spend a 2-week trip .

BASIC TRAVEL TIPS FOR ICELAND

Do you intend to visit Iceland? Then, you’ll find this list of advice for a hassle-free trip to be helpful. Learn more about getting around Iceland, the ideal time to go, the language and currency used there, the driving tips, and much more. With the help of this guide, you can make the most of your 14 days in Iceland and have a blast.

Getting around

While you can take a Golden Circle group tour, y ou might want to rent a car and explore the country at your own schedule and pace. We recommend renting a car for this, or a 4×4 that is authorized to drive on F-roads if you intend to continue heading to the Highlands.

By renting a car, you can take charge of your journey and wander at times that work best for you.

Even in the summer, you may take advantage of the prolonged daytime hours to escape the crowds that larger tour trips frequently bring. Since there is limited public transportation in Iceland, without a personal vehicle, you would miss out on a lot of great locations.

Another popular method of exploring Iceland is renting a campervan. However, keep in mind that you should park in designated camping areas.

Driving tips

If you drive nearly every day in your home country, driving in Iceland shouldn’t be much different, except when reading the signs. Try not to drive when it’s getting dark outside on new roads.

You only need an international driver’s permit if your license is not in English. If there are parts in your license in English, but not all, then you need to have to translated to English.

In Iceland, driving is done on the road’s right side and overtaking on the left. The typical speed restriction in inhabited areas is 30 to 50 km/h, 80 km/h on gravel roads, and 80 to 90 km/h on paved highways.

Signs that are colored red or yellow and have the shapes of a triangle or circle indicate danger or warning. Whereas, general directions or informational signs will be in the form of a blue or yellow rectangle. We advise utilizing the official website to monitor the road conditions since snow can still obstruct some roads (often F-roads) during the summer.

Best time to go

If lush scenery and warm weather appeal to you, then summer (June-September) and spring (March-June) are the most ideal periods to visit Iceland. The days are warmer in the early spring, while the summer has extended daytime hours with few dark hours. #However, the busiest period is during summer when lots of tourists flock to the country, and plenty of group tours take place.

If you don’t like long queues, crowds, and high prices, then visit Iceland during the off-seasons, which are around Autumn (September-November) and the middle of Spring (April-May). September is often a slower month for tourism because of the changing weather and occasionally more difficult access to the countryside. #However, off-peak travellers can still enjoy a variety of attractions, such as the stunning autumnal foliage and, of course, the beginning season of the aurora borealis.

2 weeks in Iceland cost

Iceland is not the most affordable destination. But with good planning, you can make it budget-friendly. For a 2-week trip to Iceland, budgeting varies widely based on travel style:

• Affordable : Expect to spend around $1,400-$2,000 per person. This includes staying in hostels, using public transportation, eating at budget-friendly places or cooking, and focusing on free attractions like nature hikes.
• Mid-range : Budget $3,000-$4,500 per person. This allows for staying in mid-range hotels or Airbnb, renting a car, eating out more often, and doing paid tours like glacier hiking or whale watching.
• Luxury : For a high-end experience, plan on $6,000-$10,000+ per person . Luxury includes top hotels, gourmet dining, private tours, and exclusive experiences like private glacier tours or helicopter flights.

Costs can vary based on activities chosen, dining preferences, and type of accommodation. Iceland is known for being expensive, so planning and booking in advance can help manage expenses.

What to pack

It goes without saying that the term Ice-land has provided you with some idea of the attire that would be needed. However, one of the primary things you discover while considering Iceland is that you need to be prepared for any weather there.

There’s no need to prepare some equipment when camping because you may rent everything at Reykjavik.

No matter what season you intend to visit Iceland, you should pack a lot of layers of clothes , a wind and water-resistant coat, and some reliable hiking boots. Don’t forget to bring a swimsuit as there are geothermal spas and swimming pools that you can visit anytime.

We have a packing list for a 2-week trip , which comes with a free printable.

Language and currency

The country’s official language is Icelandic, which is spoken by the majority of the inhabitants. If you’re a visitor, there’s no need to worry since English is taught as their second language , and practically all Icelanders are fluent English speakers. 

Furthermore, the majority of Icelanders are multilingual, speaking languages like Danish, French, German, and Spanish, and they enjoy the chance to converse in different tongues.

The Icelandic króna (ISK) is the country’s main currency, and tourists will be pleased to learn that Iceland is bank card-friendly . By far it is the most widely used means of payment in the nation, and almost every store, tour operator, restaurant, cab, and coffee shop accepts card payments .

The only situation in which travellers typically require ISK cash is to cover public toilet fees and hot spring admission.

Iceland is not part of the EU. However, it’s a member of the Schengen States. This means that Iceland implements the same visa policies for its citizens and foreigners when travelling to Iceland and around Europe.

If you hold a passport from most parts of Latin and North America, Canada, Australia, New Zealand, Japan, South Korea, Malaysia, a few countries in the Middle East, and some countries in East Europe, and the UK, you can enter and travel around Iceland for 90 days in a 180-day calendar. EU/Schengen members have freedom of movement when they enter Iceland, meaning they can stay as long as possible.

If your country is not listed above, you must arrange a visa in advance through the Icelandic Embassy or Consulate near you.

Other travel tips

Planning a trip anywhere in the world can be overwhelming. There are a lot of moving pieces, and you want to make sure that there are no overlapped dates or anything that you might overlook.

When I arrange my own travel trip, I use websites and tools that offer a wide range of options and have flexible cancellations, especially if my trip is yet to be finalised, but I plan to visit during peak season.

Below is a list of travel services I personally use, from arranging hotels, flights, tours, and even my rental car and travel insurance. I had to cancel a hotel or even a tour because my travel dates gas changed and I didn’t lose any money using these sites.

PINNED MAP OF MUST-SEE PLACES IN ICELAND

Click the icon on the top right to enlarge the map. Credit: map data: Google

2 WEEKS IN ICELAND ITINERARY

It can be challenging for travellers to decide which locations to go to on their first trip because there are so many stunning places to view. Here’s a schedule of the top locations to see during your 14-day stay in Iceland.

Rather than having to adhere to the entire list, you can choose the activities that thrill you the most.

Most foreign flights land at Iceland’s main airport, Keflavik Airport (KEF), which is near the town of Keflavik. It’s far easier to rent a car at the Iceland airport than to have to arrange transportation into town.

You can reserve a car in advance using a booking agency, or you can do it right away at the kiosk in the arrivals terminal at Keflavik Airport.

OTHER ITINERARIES: 2 weeks in Portugal and 2 weeks in Germany or check our archive for European destinations

Golden Circle Route – Reykjavík, Snæfellsnes, Reykjahlíð, Egilsstaðir, Höfn, Vik

The Golden Circle, the most famous of all of Iceland’s scenic routes, is a circular sightseeing trip that includes both breathtaking landmarks and significant historic locations.

It is convenient for everyone to incorporate this route into their itinerary due to its proximity to Reykjavik and the airport region and the short journey between the sights.

You can spend 2 weeks or more touring the Golden Circle, but either way, you’ll see some of Iceland’s most breathtaking geological wonders.

In the simplest form, the Golden Circle Route is a well-travelled circuit connecting three of Iceland’s top tourist destinations. You’ll journey through the Southern Uplands from Iceland’s capital, Reykjavik, and back again, stopping at Gullfoss Waterfall, Geysir Geothermal Area, and Þngvellir National Park.

However, you’ll discover that you can stop at additional places en route such as the hidden gems of the cities mentioned above. 

When making travel arrangements, you have the option of driving the route in either a clockwise or counterclockwise direction, it’s up to you. The Golden Circle Route is the ideal adventure from Reykjavik, especially for those with a brief layover or who don’t have a lot of time.

Unsurprisingly, this route is on top of nearly everyone’s list of places to visit during their two weeks in Iceland trip.

Reykjavík for 3 days

Reykjavik, the capital of Iceland, is a bustling Nordic town with colourful homes and unique alleys where inspiring galleries and spectacular museums sometimes appear next to bakeries and pubs.

It’s a walk-friendly city that integrates a metropolitan feel with a sense of cosiness. It’s reasonable to assume that Reykjavik’s city centre is ideal for wanderers.

Since Reykjavik is the heart of Iceland’s cultural and artistic life, it makes sense for visitors to begin their trip here . The capital region is close enough to diverse natural treasures to make it an ideal starting point for visiting a wide variety of breathtaking landscapes.

If you plan to do a whale-watching tour, I highly recommend you put in extra time to ensure that the tour provider does it. Check out this guide on what sustainable whale watching looks like .

Travellers are sure to be satisfied with everything it has to offer, from fancy dining to hot dogs on the street, and there are loads of vegan cuisine as well.

Things to do in Reykjavík and around

• Day Trip to Perlan Museum – book your tickets here
• Day Trip to Blue Lagoon – Blue Lagoon only or Golden Circle, Kerid Crater, and Blue Lagoon
• Whale Watching – via a boat tour or a cruise or a yacht
• Explore The Settlement Exhibition
• Explore the South of Iceland – compare this tour or this one
• Visit Strokkur Geothermal
• Join an exciting adventure inside the Thrihnukagigur volcano
• Soak in Laugardalslaug Pools
• Book a tour to see and capture the Northern Lights
• Roam in the nearby countryside via a quad bike or ATV
• Visit Harpa Reykjavik Concert Hall
• Visit Hallgrimskirkja Church and old towns in the city though a minibus tour
• Explore the National Museum of Iceland – check what’s included
• Visit Aurora Reykjavik
• Visit Sun Voyager Statue
• Join a food walk and try the local delicacies
• Explore Arbaer Open Air Museum

Accommodations in Reykjavik

• Affordable: Hostel B47 or Bus Hostel or HI Hostel
• Mid-range: Guesthouse Galtafell or City Center Hotel or Hotel Von
• Luxury: Marina Berjaya Hotels or Residence Apartment Hotel or Center Hotels Laugavegur or The Reykjavik Edition

Snæfellsnes Peninsula for 2 days

“Snæfellsnes” refers to the famous, ice-capped volcano Snaefellsjökull, which emerges from the sea at the point of the peninsula and translates as a snow mountain peninsula.

It offers spectacular views with representations of the majority of Iceland’s natural attractions, including volcanoes, waterfalls, bird cliffs, and glaciers.

As a result, it is frequently referred to as “Miniature Iceland”, and it is regarded as one of the most picturesque travel locations in the entire globe as well as the most photographed location in Iceland.

The direct drive from Reykjavík to Snæfellsnes Peninsula is around 1 hr 50 min, covering a distance of 135 km through Þjóðvegur and Snæfellsnesvegur. This city is an excellent place to base yourself if you want to take a photo of Kirkjufell at sunset or sunrise since Kirkjufellsfoss is only a 5-minute drive away.

Things to do in Snæfellsnes Peninsula and around

• Day Trip to Gerðuberg Basalt Cliffs
• Explore Kirkjufell Mountain and Arnarstapi fishing village through this tour
• Visit Ölkelda Mineral Spring
• Visit Ytri Tunga Beach
• Join an 8-day adventure to the famous Ring Route of Iceland
• Soak in Lýsuhólslaug Pool
• Explore Sönghellir Cave 
• Explore Búðakirkja Black Church
• Visit Snæfellsjökull National Park – join this day tour
• Explore Bjarnarhöfn Shark Museum

Accommodations in Snæfellsnes

• Affordable: The Freezer Hostel or Kirkjufell Guesthouse or Grund i Grundarfirdi
• Mid-range: Hotel Snaefellsness/Hotel Rjukandi or Dalahyttur or Hotel Egilsen or Hotel Fransiskus
• Luxury: Hotel Styndarfridur or Hotel Budir or Lava Resort or Helgafell

Reykjahlíð for 2 days

Reykjahlíð, the main village near Lake Myvatn, gets its name from a thriving farm that is located by the lake. There are roughly 20,000 birds in total in this area, which represent 16 distinct species.

The geological features that encircle the lake are now a major draw for tourists, and most 300 residents work in the tourism industry.

The direct drive from Snæfellsnes Peninsula to Reykjahlíð is around 5 hr 25 min , covering a distance of 453 km through Þjóðvegur. We recommend stopping over at two locations, starting at Hvitserkur, which is a 2 hr 35 min drive from Reykjahlíð with a distance of 211 km through Snæfellsnesvegur and Þjóðvegur.

Then stop at Glaumbær Farm & Museum which is a 1 hr 36 min drive from Hvitserkur with a distance of 119 km through Þjóðvegur.

Things to do in Reykjahlíð and around

• Day Trip to Lake Myvatn via a snowmobile
• Enjoy a relaxing Myvatn nature bath – book your tickets here
• Explore Grjotagja Cave
• Day Trip to Askja Geologic Formations via a guided jeep tour
• Explore Sigurgeirs Bird Museum
• Join an exploration in Lofthellir Cave
• Myavtn Visitor Center
• Visit Godafoss Waterfalls

Accommodations in Reykjahlíð

• Affordable to Mid-range: Vogafjos Farm Resort or Stong and Cottages Guesthouse or Hlid Hostel
• Luxury: Storu-Laugar Guesthouse or Myvatn Berjaya Hotels or Hotel Laxa or Fosshotel Myvatn

Egilsstaðir for 2 days

Egilsstaðir is East Iceland’s largest town and the key hub for administration, transportation, and services. Travellers can find all the essential amenities here, including a supermarket, gift stores, hotels, restaurants, an information centre, and tour guides.

Visiting Egilsstaðir and the adjacent communities is a genuinely unique experience due to the fact that the reindeer can only be spotted in the eastern part of the country.

The direct drive from Reykjahlíð to Egilsstaðir is around 2 hr, covering a distance of 165 km through Þjóðvegur. You can also ride a bus from Reykjahlíð to Egilsstaðir which takes around 2 hr 7 min.

Usually, there are 4 buses that run weekly, but we recommend checking the schedule in advance since it can vary during weekends and holidays.

Things to do in Egilsstaðir and around

• Visit Skriduklaustur
• Join a combination tour to Studlagil Canyon and Rjúkandi Waterfall
• Explore Hallormsstadur Forestry Reserve
• Experience the Vök Baths – book your tickets here
• Visit Litlanesfoss Waterfalls
• Explore Laugarfell
• Visit Fardagafoss Waterfalls
• Visit Waterfall Circle
• Explore Snaefellsstofa Visitor Center
• Visit Lagarfljot Lake

Accommodations in Egilsstaðir

• Affordable: Hafaldan HI Hostel or Hotel Eyvindara or Tehusid Hostel
• Mid-range: Hjartarstadir Guesthouse or Hotel Aldan The Bank
• Luxury: Vid Lonid Guesthouse or Hotel 10001 Nott or Lake Hotel Egilsstadir

Höfn for 2 days

Höfn, which translates as “harbour,” refers to the town’s location in one of the South Coast of Iceland’s few remaining natural harbours. It also has a great view of Vatnajökull, the biggest glacier in Europe, which is located in the Vatnajökull National Park.

Its food is particularly remarkable, and every July, there is a culmination of the annual Lobster Festival.

The direct drive from Egilsstaðir to Höfn is around 2 hr 45 min, covering a distance of 186 km through Þjóðvegur. Unfortunately, there isn’t a bus that travels directly from Egilsstaðir to Höfn.

However, you can travel to Breiðdalsvík and ride the bus to Höfn from there. The bus ride from Breiðdalsvík to Höfn takes approximately 2 hr 20 min with a distance of 164 km.

Things to do in Höfn and around

• Day Trip to Vestrahorn Mountains
• Day Trip to Hoffellsjokull Glacier – join an ice exploration tour
• Soak in Höfn Swimming Pool
• Explore the Skaftafell National Park through this expedition
• Dine at Pakkhús Restaurant
• Dine at Ishusid Pizzeria Restaurant
• Explore Gamlabud Visitor Center
• Glacier Adventure Tour – explore the ice cave and see the natural landscapes of Vatnajökull
• Glacier Snowmobile Journey Tour
• Explore Listasafn Svavars Guðnasonar Art Museum

Accommodations in Höfn

• Affordable: Old Airline Guesthouse or Guesthouse Dyngja or Hofn Hostel or Guesthouse Nypugardar
• Mid-range: Apotek Guesthouse or Arnanes Country Hotel or Milk Factory
• Luxury: Aurora Cabins or Lillja Guesthouse or Seljavellir Guesthouse or Viking Cafe

Vik for 2 days

Since there are no other populated areas within a radius of 43 miles (70 km), Vik continues to serve as the primary shopping destination for all adventurers visiting the South Coast. Shops, petrol stations, ATMs, restaurants, hotels, swimming pools, museums, and a number of other essential services are all located here.

You can also find the most well-known black sand beach in Iceland, Reynisfjara Beach , which has been ranked among the Top 10 Non-tropical Beaches around the globe.

The direct drive from Höfn to Vik is around 3 hr 20 min, covering a distance of 272 km through Þjóðvegur and Route 1. The bus ride from Höfn to Vik takes approximately 3 hr 50 min. Usually, there are 5 buses that run weekly, but we recommend checking the schedule in advance since it can vary during weekends and holidays.

Things to do in Vik and around

• Ride a horse or a quad bike while taking in the beauty of Black Sand Beach
• Visit Reynisfjara Beach
• Enjoy k ayaking through the beauty of Sólheimajökull Glacier or join a hike
• Visit Dyrholaey
• Explore Katla Ice Cave via a jeep tour and a walk to Mýrdalsjökull Glacier
• Crashed DC 3 Plane
• Enjoy the landscape of the village through a zipline and hiking adventure
• Experience the tandem paragliding over the South of Iceland
• Visit Reyniskirkja Church
• Hike the Hjorleifshofoi
• Hike the Reynisfjall Mountain
• Book a ticket to the Icelandic Lava Show in Vik
• Soak in Vik Swimming Pool

Accommodations in Vik

• Mid-range: Hotel Katla by Keahotels or Presthus 2 Guesthouse or Solheimahjaleiga Guesthouse or Skammidalur Guesthouse
• Luxury: Vik Apartments or Hotel Kria or Volcano Hotel or Black Beach Suites or Hotel Vik I Myrdal

MUST-TRY ICELANDIC FOOD AND DRINKS

Here’s a quick list of local dishes and drinks that you must try in Iceland during your visit. Remember that Iceland relies a lot on the sea for their food, there are a lot of dishes that are fish/seafood-based.

• Arctic Char
• Hangikjöt (smoked lamb)
• Skyr (dairy product)
• Plokkfiskur (fish stew)
• Brennivín (spirit)
• Kjötsúpa (lamb soup)
• Hákarl (fermented shark/fish)
• Rúgbrauð (dark rye bread)

SUMMARY OF 2 WEEKS IN ICELAND

Iceland’s natural beauty has a solid reputation, and for good reason.  You will be surrounded by geysers, volcanoes, glaciers, natural hot springs, waterfalls, and many more.

You can even travel throughout the entire country in a week continuously, and there are a lot of attractions in this country that 14 days might not be able to cover.

Iceland is exceptional among places because it has magnificent landscapes, a charming capital city, and amiable residents. Whatever you manage to see in this country, regardless of the time you have, will be entirely worth it.

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Learn how to easily plan your dream trip to Iceland with helpful guides and tips!

Prices in Iceland: How To Figure Out Your Iceland Trip Cost

August 16, 2021 //  by  Iceland Trippers

The prices in Iceland are notoriously high. From food, to rental cars, to gas, many aspects of your trip will cost you a pretty penny. Iceland is becoming a more and more popular tourist destination by the year, and with the stunning natural beauty the country has to offer, it’s easy to see why.

On top of the beauty which awaits you upon arrival, the airlines draw you in with great deals on airfare and the whole trip becomes irresistible. Icelandair allows free stopovers in Iceland from the US to the rest of Europe, and back when Wow Air was in business, there was always an affordable flight option.

But the cost of actually staying in Iceland might come as a shock to you if you don’t know any better. The country is beautiful and worthy of all the recent attention it’s been getting, but be prepared to spend some serious money while you’re there.

There are a lot of components that will factor into your total Iceland trip cost, so spend some time thinking about how you want to tackle each one. This guide is here to help you know what you’re getting into ahead of time, and give you the opportunity to plan accordingly and potentially cut back on expenses where it makes sense.

Iceland is a unique country full of thundering waterfalls, relaxing hot springs, and many other natural wonders you’ve only dreamed about. The experiences are worth the money poured into the trip, and hopefully, with some careful planning, you can have these experiences without breaking the bank.

Get a FREE printable “Hidden Gems In Iceland” E-book by joining our private  Iceland Facebook Group  and share your photos and ask for tips and tricks.

Table of Contents

Average Iceland Accommodation Prices

The least expensive accommodation option (besides camping) will be staying at a hostel. Some hostels offer both private rooms and dormitory-style rooms, while others only offer dormitory-style. The nicer hostels usually include a café, bar and lounge area. The website Hotels.com  is a great resource for choosing the hostel that’s best for you.

On average, Reykjavik has the most expensive hostel rates, but the rates outside the capital region are not significantly lower. Some of the hostels also offer free cancelation rates as well as non-refundable rates.

The non-refundable rates can be as much as $45 less on the private rooms and $10 less on the dorm rooms. The rates at the hostels don’t vary much throughout the year.

The off-season can occasionally bring slightly lower prices, but it’s not guaranteed. As more tourists flock to the country in the winter for the Northern Lights though, the off-season is becoming shorter in Iceland. Below are some average rates to give you a sense of what you might be paying.

Here are examples of the cost of accommodations in Iceland

• Standard Double Bed Private: $212-$239/room
• 4 Bed Private: $271-$311/room
• 8 Bed Mixed Dorm: $41-$46/person
• 6 Bed Mixed Dorm: $40-$61/person
• 4 Bed Mixed Dorm: $57-$67/person
• 6 Bed Female Dorm: $40-$61/person

Hotel prices in Iceland are steep. On top of that, you’re offered far less for what you’re paying than you would at a high end US resort. Though Iceland certainly has some nice hotels, most of the hotel options, particularly outside of Reykjavik, will be pretty basic. There’s no shortage of hotels in the Reykjavik area , and more hotels are being built both in the capital and throughout the rest of the country.

Iceland offers varying price ranges for hotels from luxury and boutique to budget, with some of the more recent luxury hotels being built at the famous Blue Lagoon. There is an 11% VAT on the total hotel cost and a $3 per night city tax when staying in Reykjavik.

Check out www.booking.com  to find exact prices and more detailed information on the accommodations. Below we’ve laid out a general breakdown for the cost per room of a hotel in each price category. 

Boutique and Luxury Hotel Prices in Iceland :

• Standard Single Room $340-$425
• Standard Double or Twin Room $426-$550
• Superior Double Room $489-$625
• Junior Suite $677-$1146
• Suite $766-$1548

Budget Hotels:

• Standard Single Room $138-$220
• Standard Double or Twin Room $146-$362
• Superior Double or Twin Room $175-$407

Airbnbs are another possible accommodation in Iceland. They are usually a little less expensive than a hotel, but not always. There are plenty of Airbnb options in Reykjavik.

Outside of Reykjavik, the Airbnb prices in Iceland tend to be lower, and there also aren’t as many options. In the capital though, people will controversially buy apartments with the sole purpose of converting them into Airbnbs, so there’s an apartment shortage for residents of Iceland, but there are a lot of Airbnbs.

Experience Iceland like a local by staying at an Airbnb!  Get a  FREE $55 Airbnb coupon  by using  our code  when you book! 

The two options for Airbnb’s are having a private room in a shared house or apartment, or paying to stay in the entire apartment (the number of beds varies). Below are some average Airbnb prices around Reykjavik.

These are just the base prices though. Be sure to check the final price because things like the service fee and cleaning fee are added to the base price, and have the potential to significantly increase the total price.

Average cost of Airbnb in Iceland

• Entire apartment (2 beds)  $150-$300
• Entire apartment (1 bed) $100- $212
• Private Room $40-$90

Cost Of Renting A Car In Iceland

Rental car prices in Iceland are high, but if you want to explore Iceland’s natural beauty on your own terms, a car is essential. You are going to want to factor this into your Iceland trip cost!

For many people, this is the ideal option for getting around the country. Auto Europe is a wonderful website for comparing rental car prices in Iceland based on the company you’re renting from, and the size of the car (or whether it’s 4WD).

Before renting a car in Iceland you’ll need to choose between 4×4 or 2×2, manual or automatic, and the size of the car. Renting a 2×2 will reduce your Iceland trip cost, however, some of the roads in Iceland require 4×4’s, so it’ll limit what you’re able to explore.

You definitely cannot drive 2×2’s on Iceland’s F roads. Though 4×4’s will give you the freedom to drive just about anywhere, it is possible to see much of Iceland, including many of its most stunning natural wonders, in a 2×2.

Unlike in the United States, many of the rental cars are manual. If you don’t know how to drive a manual car, double-check to make sure your rental car is automatic! You’ll also have to decide whether you want additional insurance.

In most countries, it’s unnecessary, but some of the F roads in Iceland can be extremely rough so it’s something to consider. Here are some examples of the l east expensive rental car prices in Iceland per day and per week.

• 2 wheel drive compact manual: $63/day or $232/wk
• 2 wheel drive compact automatic: $93/day or $346/wk
• 2 wheel drive midsize manual: $83/day or $307/wk
• 2 wheel drive midsize automatic: $93/day or $346/wk
• 4 wheel drive SUV manual: $187/day or $625/wk
• 4 wheel drive SUV automatic: $232/day or $768/wk

Price Of Campervans In Iceland

Combining your transportation and accommodation into one with a campervan has the potential to bring down your Iceland trip cost. Having a campervan is the ultimate way to take your trip into your own hands and camping in Iceland is a great way to save!

You can eat, sleep, and adventure whenever you want, increasing your general efficiency. Campervans come in 4X2 and 4×4 as well as both automatic and manual. Especially if you’re visiting in the summer, you’ll want to rent your van well in advance particularly if you want a manual vehicle.

Also, not all campervans have heaters, so take note of that if you’ll be traveling in Iceland in the winter. Iceland has many campsites around the country both for tent camping and campervans.

You can pay at each campsite for roughly $8-$12 a person, or you can buy an Iceland camper card giving you access to roughly 40 different campsites around the country. One card costs $177 and covers 2 adults and up to 4 children. Most campsites are closed though during the winter.

There are many different campervan companies in Iceland, and the number of companies keeps increasing as the tourist population surges. There are some things to consider when choosing a company and evaluating their prices. Some of these things we mentioned above such as 4×2 or 4×4, manual or automatic, or whether it has heaters or not for more comfortable sleeping conditions. You should also check whether additional insurance is included in the price.

Some companies also require you to book the van for at least 4 days. The top campervan companies include Happy Campers , Go Campers , Campervan Iceland , Camper Rental Iceland , and Camp Easy .

It’s difficult to compare prices between companies because every company’s vans offer different things. However, here is a rough breakdown of average prices per day by number of seats.

These are the prices during high season. Low-season will be less expensive but the roads are less accessible and the campsites are closed.

• 2 seater (sleeps 2): $91-$208/day 
• 3 seater (sleeps 3): $214 -$392/day
• 4 seater (sleeps 2): $224-$402/day
• 4 seater (sleeps 4) $279-$387/day
• 5 seater (sleeps 5): $288-$336/day

Average Grocery Prices In Iceland

When it comes to food, the best way to lower your Iceland trip cost is by shopping at the supermarket and cooking your own food. This is our favorite way to cut down on the cost of our Iceland itinerary!

The average grocery store prices in Iceland tend to be more expensive than other countries because as an island nation up near the Arctic Circle, the country has to import many of its products. This results in higher prices and sometimes less selection.

For example, there are far fewer fruit options available in Iceland than there would be at a US grocery store. Besides a few different types of small berries such as blueberries and crowberries, most fruit does not grow in Iceland’s climate.

However, even things like lamb and fish that are found in abundance in Iceland and are big staples of Icelandic cuisine, are still relatively expensive. Some basic food items such as bread, rice, and pasta, are actually fairly affordable as long as you shop at the more reasonably priced grocery stores.

There are many options for grocery shopping in Iceland . Bonus is the least expensive grocery store. You’ll see these yellow stores with a pig as their logo all around the capital region. They are great shopping options, but it should be noted that they have limited opening hours, usually not opening until 11 am and closing around 6:30 pm. Another low-cost option is Netto.

Netto prices are not much higher than Bonus, and they have longer opening hours. Some are even open 24 hours. Kronan is another popular option, but its prices are more expensive than Bonus or Netto.

Kronan stores are usually open from around 10 am-9 pm. Finally, Hagkaup is the most expensive grocery store to shop in, but it has the best selection and many of the locations are open 24 hours. There are many other grocery store options in Iceland, but these listed above are the most common.

Your best bet for keeping your cost of groceries to a minimum is buying everything you can at a Bonus in Reykjavik and only stopping at grocery stores on the road if it’s absolutely necessary. The further you get from the city, the fewer grocery store options there are and the higher likelihood you’ll be paying more.

There are also small selections of grocery items at many of the gas station stores if you are in need of a quick food source/snack. Here are some average prices in Iceland as of December 2018 for frequently bought food items.

• 500 grams Butter $3.87
• 1/2 liter Heavy Cream $4.29
• 500 grams Sliced cheese for putting on bread $5.71
• 150 grams Brie $3.97
• 1 liter Whole Milk $1.23
• 1 liter Reduced Fat Milk $1.23
• 1/2 liter Yoghurt with fruit $2.68
• 500 grams Ground beef $6.46
• 700 grams Chicken breast (fresh) $10.73
• 200 grams Sliced ham $4.45
• 1 kilogram Whole Wheat Sandwich Bread $2.41
• 500 grams Spaghetti $0.73
• 1 kilogram White Rice $1.45
• 1 kilogram Potatoes $2.41
• 800 grams Bananas $1.22
• Carrots 500 grams $2.90
• 1 liter Orange Juice, 100% juice $1.60 

Average Gas Prices In Iceland

When you look at gas prices in Iceland, the number refers to the price per liter. For reference, one gallon is equal to 3.78 liters. For those of you with Costco memberships, Costco will be your least expensive gas option.

Costco cards work all around the world, so even though your membership may not be from the location in Iceland, it will work at the gas pump. Just ask the employee at the pumps, and they’ll swipe their card allowing you access to the pump.

The catch is, there’s only one Costco in all of Iceland (it’s located on the outskirts of Reykjavik, in the town of Gardabaer), so if you’re far from Reykjavik, Costco gas won’t be an option.

Iceland has a lot of different options for alternative gas stations including N1, Orkan, OB, Olis, and AO. If you’re looking for gas station prices, locations across the country or the closest location to you, the website https://gasvaktin.is  is a great resource.

The gas prices in Iceland are expensive, even at Costco. You should expect to pay roughly $90-$100 dollars to fill up the tank of a 4×4 rental car and around $70-80 for the tank of an economy 2×2 car.

Sometimes you can plan ahead and use the website above to choose the least expensive options. But the further you drive out into the small remote towns of the country, the fewer options you have, and at some point, you’ll just be thankful there’s any gas station at all.

With all the natural beauty Iceland has to offer, it’s impossible to experience the best of the country without driving around. It’s inevitable that you will have to fill up your car throughout your trip, and the least expensive gas station won’t always be available. As you drive out into the country, it’s not worth the risk of running out of gas in an attempt to find a cheaper station.

Average Tour Prices In Iceland

Paying to go on tours can be a great way to see all that Iceland has to offer. Everything is planned out for you and you have knowledgeable tour guides providing you with valuable information about the country and what you are seeing.

Tour prices in Iceland are not inexpensive. However, if you choose to only go on tours and not rent a car, you can potentially reduce your Iceland trip cost. Tours can also be ideal for people of all ages. The tour buses that stop at different sites usually stop at easily accessible locations.

Some of the most popular tours in Iceland are Northern Lights tours , whale-watching tours , Golden Circle tours , South Coast tours , and Icelandic horse riding tours . The Northern Lights tours can be particularly helpful since the lights have a tendency to be elusive.

Though there are ways for you to track the strength of the lights yourself, having a tour guide who chases the lights for a living can be useful. The tour companies will also give you a chance to take the tour again for free if you don’t end up seeing the lights the first time around.

There are many different tour options in Iceland. Here’s a list of average tour prices based on the activity or location. You can also book combination tours such as The Golden Circle with the Blue Lagoon admission included, or the South Coast with a glacier hike. These, of course, will be more expensive.

• Golden Circle $47-$90
• Northern Lights $81-$138
• Horseback Riding $99-$184
• Whale-watching $81-$89
• South Coast $110-$194

If you are looking to NOT rent a car and just want to do tours while in Iceland, it may be better to book a multi-day tour! A Multi-Day tour allows you to save money and time on planning while still getting to see and experience the fantastic Icelandic landscapes!

Suggested Multi-Day Tours Of Iceland:

5 Day Winter Tour Of Iceland: Golden Circle, South Coast, Ice Cave

3 Day Golden Circle, Glacier Hike, Ice Cave, Northern Light Tour Of Iceland

2 Day Guided Iceland South Coast Adventure

3 Day Relaxation and Exploration Tour Of Iceland From Reykjavik 

2 Day Jökulsárlón, Glacier Hike + DC-3 Plane Wreck Tour In Iceland

Fast Food Prices In Iceland

Iceland has a number of fast-food options from salads to gas station hot dogs Icelandic style, to burritos. They also have fast-food locations that Americans will be familiar with such as Metro (their equivalent of McDonald’s), KFC, Subway, and Quiznos (though Iceland’s Quiznos offers delicious lamb sandwiches as well that are unique to Iceland).

Some of these locations have healthy options, many are delicious, and they can be particularly convenient for grabbing something quick when you’re on the road all day driving around the country. Though eating at fast food places is a less expensive alternative to going out to a restaurant, we have to warn you that the fast-food prices in Iceland are not cheap compared to the US.

Serrano, which is a semi-close equivalent to a Chipotle, sells burritos for roughly $12.50-$14.50.   In contrast, Chipotle is around $7-$8 for comparable burritos. The Icelandic hot dogs are famous. The hot dogs made of lamb meat, are topped with crispy and raw onion, sweet mustard, ketchup, and remoulade.

The Bæjarins Beztu food truck location downtown drew additional attention after a 2004 visit from President Clinton. They cost $2.83 at the gas stations, but at the Bæjarins Beztu trucks, it’ll cost $3.80. Even a salad (though the portions are solid-sized) costs $16-$19. At the Subway’s in Iceland, a footlong tuna sandwich will cost $12.23, while the exact same Subway sandwich in the US costs $7.25. As you can see, the prices in Iceland for fast food are consistently more expensive.

Average Restaurant Prices In Iceland

Restaurants in Iceland vary in price, but at nice restaurants downtown, any meat or fish dish is going to cost a lot.

Apotek Kitchen, Tapas Barrin and Brasserrie Askur are prime examples of average restaurant prices in Iceland. We never recommend going out to eat if you are looking to keep your Iceland trip cost down!

The cost of entrees at Askur ranges from roughly $24-$46 with the cheapest price being for vegetable pasta and the most expensive price being for beef tenderloin.

Similarly, the entrees at Apotek Kitchen range from $31-$52. At Tapas Barrin, single meat or seafood tapas can cost anywhere from $16-$32 with the vegetarian tapas ranging around $16-$19. People order about 3 tapas per person on average. And these prices are all assuming you don’t add any alcohol to the bill. 

Going out to dinner can be slightly less heart attack-worthy at some of the more casual restaurants.  Burgers and pizza tend to be the best options for meals out that hover between fast food and fine dining. Burgers at Roadhouse are roughly $21-30 and pizza at Eldofninn is $16-$25.

A favorite casual restaurant among Icelanders is Saffran. Saffran serves flatbread pizzas, salads, wraps, and chicken dishes such as tandoori chicken, all ranging from $16-$20.

While these options are all nice while you’re spending time in the capital region, as soon as you venture out into the more remote parts of Iceland, your dining options tend to be limited to fast food and expensive restaurants.

Average Cost Of Alcohol In Iceland

The easiest way to keep your alcohol spending to a minimum is to simply not drink at all! It’ll save you a significant amount of money. But, if you are among the many who would like to drink while in Iceland, here are a few tips.

Your best option is to buy alcohol at the Duty-Free in the airport, but be sure to not exceed the allowed limits. Once you leave the airport, buying alcohol will be expensive. Though you can visit bars at Happy Hour for a slightly reduced rate, during regular hours you’ll likely pay between $8-$12 for a half-liter of beer.

Besides 2.25% light beer, you won’t find any alcohol in the grocery store in Iceland. Your only option for buying alcohol is at the liquor store Vinbudin. Vinbudin has limited locations and restricted opening hours, so check the hours ahead of time. Prices at the liquor store are less than buying a drink at a restaurant or bar, but they still won’t be cheap.

A bottle of the more inexpensive wine options at the liquor store range from $15-$30, while a bottle of dessert wine will cost you anywhere from $19-$62. An individual half-liter can or bottle of beer will cost around $3.50. No matter where you go, alcohol prices in Iceland will always be expensive because alcohol is one of the highest-taxed items in the country. And suddenly not drinking at all sounds pretty appealing!

Cost Of Attractions In Iceland

Finally, a bit of good news when it comes to the prices in Iceland! Because Iceland’s biggest draw is its natural landscape, many of the sights you’ll visit will be completely free. Gullfoss and Geysir on the Golden Circle are both free.

The Solheimasandur Plane Crash and Reykjadalur Hot Springs? Free. Though there are some attractions that cost money, it is possible to plan your trip so that you only visit free locations but still get the chance to see some of the best that Iceland has to offer.

Thingvellir National Park, one of the 3 major stops along Iceland’s Golden Circle, does not have an entrance fee, but it has a $4 parking fee. The stunning Seljalandsfoss waterfall also has a parking fee now of around $5.50. The parking fees usually go towards the maintenance of the roads and parking lot.

There are some natural attractions that do have entrance fees, such as Kerid Crater along the Golden Circle, which charges roughly $3.20 to enter.

At one point, the lava tube Raufarholshellir was open to the public for free, but now it requires a $50 tour ticket to explore. You can also expect to pay a small fee (somewhere around $1.50) to have access to the bathrooms at many of the major tourist stops.

If you’re not paying for tours though, the most money you’re likely to dish out is at museums. The LAVA Centre is an interactive museum teaching about volcanic activity.

In order to get the full museum experience, a ticket will cost you around $26. Perlan, which once was just a collection of water tanks, now has an incredible observation deck overlooking the whole of Reykjavik and beyond, and several museum exhibitions.

Tickets to these exhibitions and the observation deck range from $31-$36. Just the observation deck alone is $7. One of the biggest tourist attractions in Reykjavik is Hallgrimskirkja Church and the view it offers of the city from the top.

Tickets are $8 to ride the elevator to the top. The country is full of museums and interactive exhibits and many of them are worth the price of admission to learn more about the country, its culture, and its unique natural landscape. 

Prices Of Hot Springs In Iceland

When it comes to hot spring prices in Iceland, there are options for you at all price levels.  It is possible to experience hot springs in Iceland completely for free. The whole country is full of natural hot pots. Much of Iceland’s beauty comes from its unique natural elements, and the hot pots are a huge part of this.

There is nothing quite like relaxing in a Jacuzzi temperature natural hot pot right in the middle of nature. Some great examples of free hot pot options are the Reykjadalur Hot Springs on Iceland’s South Coast and the Drangsnes Hot Pots.

Another option is to relax in the hot tubs at the town swimming pools. Every town in Iceland has at least one swimming pool and one hot tub (often more). In the capital region, the complexes have multiple hot tubs of varying temperatures.

Laugardalslaug, the biggest swimming pool complex in Reykjavik, even has a salt-water hot tub. The swimming pools are incredibly popular among locals and tourists alike and are a great way to wind down after a long day of adventuring. Admission for adults is roughly $8 a person per visit and $1.30 for children ages 6-17. Hot springs are some of the best stops along the Ring Road in Iceland and you really shouldn’t miss them!

If you’d rather go to a geothermal bath than a swimming pool, locations such as Laugarvatn Fontana or The Secret Lagoon might be perfect for you. Both of these geothermal bath complexes are located in towns that are geothermal hot spots.

At Laugarvatn Fontana, you can bathe in hot pots filled with naturally heated water from the surrounding area, relax in a steam room, or even watch the staff bake rye bread in the ground. An adult ticket into Laugarvatn Fontana is $30.50 and a ticket for children ages 13-16 is $16.00.

The Secret Lagoon is one large natural bathing area surrounded by steam vents, and it comes complete with pool noodles for ultimate fun and relaxation. Admission here is $24 for adults and is free for children under the age of 14.

If you’re planning a trip to Iceland, you’ve likely heard of The Blue Lagoon. The Blue Lagoon is Iceland’s most famous geothermal bathing area. Contrary to popular belief, The Blue Lagoon is not actually a natural hot spring, but rather a man-made lagoon resulting from activity at the nearby geothermal power plant, Svartsengi.

The lagoon’s water is renewed every 48 hours and is filled with natural minerals that are great for the skin. As a major tourist attraction, The Blue Lagoon now has a hotel, restaurant, and many other amenities. Due to its popularity, you have to book your entrance time at the lagoon, days and sometimes even weeks, in advance to ensure you’ll get a spot.

The Comfort Package (and cheapest option) is $55. The Premium Package is $78, and the Luxury is $624. Iceland’s other blue bathing complex is the Myvatn Nature Baths in North Iceland. The Nature Baths are smaller than The Blue Lagoon and as a result, have a slightly more intimate feel. Admission to the Myvatn Nature Baths is $36-$40 depending on the time of year.

In order to best enjoy your Iceland trip, we suggest factoring all these various components into your budget ahead of time, but not worrying about the prices once you’re actually on the trip. Prices in Iceland are expensive, and it’s inevitable that you will be paying a lot of money to be there.

Go out and enjoy the stunning nature and fascinating culture of Iceland. It will all be worth it in the end. If you’re planning a trip to Iceland, or have already been and experienced having to carefully budget for your trip, feel free to tell us your thoughts or ask questions in the comments section.

Reader Interactions

June 28, 2020 at 6:10 pm

This is so useful!!! The best article i read so far about traveling to Iceland. Thank you ?

June 28, 2020 at 7:07 pm

Thank you so much!!!!

July 25, 2020 at 2:26 am

Thank you so much for taking time and laying out what the real cost of traveling could be. I am so glad that I found you page and can plan accordingly.

Thank you!!!!

July 25, 2020 at 3:29 am

Thank you for this kind comment! I hope you enjoy Iceland!

November 16, 2020 at 5:58 am

This is really amazing! Got all the info I was looking for. Can you suggest if it is more expensive to travel Iceland on solo with public transport/ rental car or just book a multiday trip from any tour agent?

December 5, 2020 at 4:22 am

You would have to do the pros and cons on your own! Everyone is different! And it depends on what you want to see and do! For me, going alone is well worth any possible extra cost so I can stay as long as I like in places!

January 11, 2022 at 8:42 pm

Thanks so much for the amazing information. I will be using this to plan my trip!

I am curious if you have any information on traveling in the later half of October? Any info will be greatly appreciated!

January 12, 2022 at 6:45 pm

Yes we sure do!! Here is our post about visiting Iceland in October!!! Good for Northern Lights! https://icelandtrippers.com/iceland-in-october/

How Much Will an Iceland Trip Cost in 2024?

Last Updated on December 11, 2023

by Maggie Turansky

Disclaimer: This article contains affiliate links. That means if you click a link and make a purchase, we may make a small commission. As an Amazon Associate we earn from qualifying purchases. For more information, see our privacy policy.

Is Iceland expensive to visit? How much will an Iceland trip cost if you stick to a budget? A destination that is on many a traveller’s wish list, many wonder if it is even possible to plan a trip to due to a perceived notion that it is an incredibly costly country to travel to.

If you are interested in visiting this gorgeous nation, then it is essential that you’re aware of the average prices in Iceland and budget accordingly. But, in all honesty, the cost of a trip to Iceland does not have to be astronomically high.

An average trip to Iceland cost for travellers who want to vacation in Iceland is approximately $110-400 USD per person per day . This means that the cost of 7 days in Iceland is around $770 to $2,800 USD excluding airfare. You can expect prices at the lower end if travelling on a budget during shoulder seasons and at the higher end as a mid-range traveller in peak season.

Depending on your travel style and tendencies, it is possible to reduce your Iceland vacation cost a lot in some facets in order to spend more in others. If you’re looking to visit this beautiful Nordic nation on a budget and you’re wondering how much your trip will generally cost, read on to find out our best money-saving advice.

Table of Contents

Iceland Trip Cost Guide

This guide will break out the average costs of your vacation to Iceland across accommodation, transport, food, activities and entertainment, helping you understand how much is a trip to Iceland.

Accommodation Prices

An average cost for accommodation in Iceland will be approximately $40-125 per person per day in shoulder seasons or $60-200 per person per day in high season. This assumes you’re either staying in a hostel dorm bed or, otherwise, splitting the cost of hotel rooms with another person.

Hostels in Iceland will set travellers back on average $40-60 per night, will prices tending to be more expensive in the capital city of Reykjavik and during the peak tourist seasons of July and August.

You can sometimes get cheaper prices if you book in advance and it’s worth doing this if you want to stay in hostels as options are limited once you get out of Reykjavik. You can browse the best hostels in Iceland here.

If you’re travelling as a couple or with a friend, then you can get similar costs by choosing to stay in a private room in an Airbnb. Another benefit of staying in an Airbnb or hostel is they often offer self-catering facilities so you can cook your own meals and save money even further.

However, in popular places such as places like Vik and Jokulsarlon options are limited. If you’re looking for a budget hotel like Hotel Kanslarinn in Hella expect prices to begin at around $150 per night and increase to about $250 in the high season months.

If you want to go down this path, it’s worth booking as early in advance as possible as good quality places book out quickly, particularly in high season.

For those looking for a more traditional hotel route rather than wanting to stay in more budget-friendly accommodation, you’re going to have to pay a bit of a premium.

A decent, 3-star hotel in Iceland will start at around $250 per night and increase to roughly $400 per night in the high season. Expect nicer hotels to increase in price from there. Prices don’t vary too much in or out of Reykjavik.

Another popular option among budget travellers in Iceland is to hire a camper van, which kills two birds with one stone as you will also have your transport taken care of.

There are numerous camper rental companies throughout Iceland and the cheapest option for a basic manual-transmission van that sleeps two starts at around $120/day.

An auto-transmission will cost more but you can expect significant discounts to these prices if you choose to visit outside of peak seasons. Many campervans also offer heaters and camp stoves/cooking supplies which allow you to cook your own food easily.

Keep in mind, however, that it’s not possible to sleep anywhere you want in a campervan in Iceland so you will need to also factor the cost of campsites/overnight parking, particularly along the more popular South Coast .

Transport Prices

Contrary to the majority of European countries, public transportation in Iceland is lacking so the most effective and efficient way to get around this island nation is by car.

The cost of a hiring car with basic insurance included will be approximately $30-40 per person per day if splitting costs between two people. However, you can get significantly reduced pricing for basic cars if travelling in shoulder seasons.

In addition, to the cost of hiring a car, you’ll need to factor in the cost of fuel, which will increase your daily costs, as well. The average petrol price in Iceland as of December 2023 is $2.25/litre (or about $9/gallon).

If you plan to hire your own car and drive the Ring Road, there are a number of rental companies to choose from. While you may be inclined to hire a car through an internationally recognised company such as Hertz or Enterprise, often these companies charge a lot more than a local car hire company.

We, for instance, found a great deal from Reykjavik Cars which was by far the least expensive option we were able to find.

If you want to compare prices across companies we recommend browsing options here so you can see aggregate results from a number of the major car hire companies.

Another factor for your Iceland budget to keep in mind is that cars with an automatic transmission often cost considerably more than a manual. So if you can drive a manual and want to save some money, by all means, make sure you’re hiring a manual transmission.

Finally, if you do rent a car in Iceland, a great way to save money on insurance is by going through a third party such as iCarHireInsurance. They offer excess insurance (which means you won’t have to pay anything if you get in an accident) for a fraction of the cost of most car rental companies. 

If you don’t rent a car in Iceland then you’ll need to factor in additional costs such as airport transfers from Keflavik Airport . By booking in advance, you avoid having to wait in line when you arrive and can simply hop on the bus when you land. Click here to book your airport transfer to Reykjavik!

Food Prices

Another expense you will need to consider for your Iceland travel budget is the price of food. It will come as no surprise that food in Iceland is expensive, especially if you eat in a restaurant. If you choose to cook all your own meals then you can expect to spend approximately $10-15 per person per day.

The average cost of a meal at even the most budget-friendly of restaurants will probably set you back about $20-30 per person. This is why the absolute biggest Iceland food budget tip I can give would be to cook your own meals.

That isn’t to say there aren’t cheap eats in Iceland, particularly in Reykjavik, where in the capital a hot dog at the famed Bæjarins Beztu Pylsur is just a bit over $4.

Groceries are significantly cheaper than anything you could get at a restaurant so I would suggest stocking up on as many non-perishable items as you would need for the entirety of your trip while in Reykjavik.

This was something of a shock to us, but grocery prices in the capital city were about 10-15% less than those at supermarkets in the smaller towns along the Ring Road.

But if you want to shave a considerable amount off of your total trip cost I would wholeheartedly recommend cooking for yourself. If you want to incorporate one meal per day at a restaurant then you should expect that to set you back around $30 per person, meaning your average food budget in Iceland will increase to around $40 per person per day.

Activity Prices

Luckily for the budget traveller, it is very possible to visit Iceland and not spend a dime on any activities! However, if you want to splurge on at least one or two of the major activities in Iceland (such as a basic Blue Lagoon visit or an hour of horseback riding) then you should expect to spend an average of $20-25 per person per day over a one-week trip.

Most of the main natural sites in Iceland don’t charge any entry fees and even if they do, they most certainly will not break the bank. For example, I think the only attraction we had to pay to visit was the Kerið Crater Lake on the Golden Circle route and that only set us back $3 per person.

There are also plenty of hot springs that you can visit that aren’t the Blue Lagoon that may require a bit of a hike, but are free to enter.

If you’re planning on spending a bit of time in the capital city, there are a number of things you do in Reykjavik on a budget and one of the best ways to see the main sites of this charming little city is by going on a free walking tour. While these tours advertise as being free, you should always tip the guide if you have enjoyed the tour.

It is certainly possible to splash out on experiences — such as glacier climbing, whale watching, horseback riding , or SCUBA diving along the fault line — these things are not necessary in order to get the most out of your Iceland trip.

If you don’t rent a car and are unwilling to hitchhike then your only option to see the Golden Circle and other stunning natural attractions is to book a guided from Reykjavik. Some of the best options include this full-day Golden Circle tour and this full-day South Iceland tour.

These amounts aren’t included in an average Iceland vacation cost as the majority of people visiting Iceland choose to rent their own transport.

Entertainment Prices

Sometimes there is nothing better after a long day spent outside enjoying stunning natural scenery than a nice, cold beer. However, in Iceland, this is going to cost you.

Iceland has some of the most expensive liquor prices in the world and a pint of local beer at a bar can easily set you back $10-15.

The easiest remedy to this is if you intend to visit Iceland on a budget, simply abstain from drinking. However, if you do enjoy the occasional alcoholic beverages, there are ways to drink in Iceland on a budget.

One great tip is to follow the lead of the locals and stock up on your booze at the duty-free shop in the airport. These are, by far, the cheapest liquor prices you’ll find in the country as the local tax is removed. Another option is to purchase liquor at the duty-free shop at the airport you are departing from.

Reykjavik is famous for its nightlife, but keep in mind that it can be very expensive to go out. While booze prices are slightly less expensive in Reykjavik than in the rest of the country, it’s still going to be considerably more than what most people are used to paying, given that you live outside of the other Nordic countries.

All in all, alcohol prices in Iceland are incredibly expensive and if you really want to cut down on your Iceland travel cost then it’s best not to drink at all. If you want to incorporate a couple of visits to a bar during your Iceland trip, then expect to plan for around $20-30 in your Iceland budget for every night out.

Average Iceland Trip Cost

So how expensive is Iceland? Well, it isn’t a cheap destination to visit, however, it is possible to travel on an incredibly tight budget while in Iceland. For the purposes of this section, I’ve averaged all of the costs so you can have an idea of how much you might spend per day while travelling in Iceland, assuming you are splitting the costs between two.

Accommodation:  $40 – 200 / night

Transport:  $30 – 70 / day

Food:  $15 – 50 / day

Activities:  $25 – 50 / day

Entertainment:  $0 – 30 / day

Depending on your travel style, it is possible to travel to Iceland on a minimal budget. Assuming that you’re not intending to camp and hitchhike your entire trip it’s safe to assume that your Iceland trip budget will be about $110 per person per day if travelling on a budget during shoulder season and up to $400 per person per day if you’re a mid-range traveller visiting in peak season.

This does not include any pre-trip expenses such as airfare or ensuring you have the right gear for your Iceland trip.

Finally, also make sure that you factor in the cost of a travel insurance policy. World Nomads   offers flexible and simple travel insurance policies with coverage for more than 150 activities that you can buy or extend while on the road.

Another affordable option is SafetyWing which offers travel medical insurance policies. Click here to get a quote from SafetyWing.

Travelling in Iceland doesn’t have to be as expensive as you might think. If you do the proper planning and budgeting, you might find that your trip to Iceland cost can be fairly affordable even in one of the most expensive countries in the world.

Are planning a trip to Iceland? Have any questions about prices? Let us know in the comments!

Related Posts:

The Ultimate 6-Day South Iceland Itinerary

10 Best Stops on the Reykjavik to Vik to Jokulsarlon Drive

The Best Hotels Near Keflavik Airport and Blue Lagoon, Iceland

About Maggie Turansky

Maggie is a co-founder and writer for The World Was Here First. Originally from the US, she has lived in five different countries and has travelled to dozens more, both solo and with her partner, Michael. She particularly loves exploring Spain and spending time in the Caucasus and the Baltics. Read more about Maggie

I’m glad that one commenter mentioned the exchange rate. Looking at the most recent exchange rate, is one of the reasons I’m thinking about going this year. I would have thought that would play a significant factor in lowering the cost. How can someone from the U.S. maximize this advantage. Maybe you could explain for a newbie.

We just returned from Iceland two days ago and got the bargain of a lifetime. Since we traveled there for the first time 3-1/2 years ago Icelandair offered us a fantastic deal which we could not pass up. For $595 per person the trip included round trip airfare, three nights in a hotel (which included breakfast), a Hop On Hop Off city bus tour, a boat tour to see the Northern Lights and an afternoon at the Sky Lagoon Geothermal Lagoon. We upgraded the hotel and stayed for 6 nights and paid $953.50 per person. Granted this was 3 nights in January and 3 nights in February 2022 but was well worth the bargain!

Thanks for sharing your experience, Ginny! Seems like you had a great trip 🙂

Was there 10 days in July 2019. You can certainly get your fill of volcanic rock, a beautiful vacation though. rental of minivan, flight cost of 1400$, cost from home to Edmonton airport and back, grocery store pickups, trip to Drangey Island, full ring road with various hiking trips to the coast, 3 hot pools including Blue Lagoon, one restaurant out, and can’t remember what else. 4500$ cdn-was worth every penny!

Sounds like you had an amazing trip, Daryl!

We did Iceland for 15 days this winter 2020 , the best decision ever! Safe traveling , the island for our selves , no camping costs because they where closed .

We did this for 3600€ for the both of us and since we were influencing we worked together with a campervan company that cuts down our van cost with 1600€

That comes down to 2000€ for 15 days . All in, including flights

Thanks for sharing!!

Hi, I am planning to visit Iceland in April 2022 together with my Husband for maybe one week. Which are the places that we definitely should visit? And where should we start?

Do you have good Tips for as?

Thank you 🙂

Hi Lisku, you can find all of our information about Iceland here: https://www.theworldwasherefirst.com/iceland-travel-guide/ Hope you have a great trip!

Hi! 3 years ago I visited Iceland together with my girlfriend: The south-east coast, the ring road, glaciers, geysers, fjords and a lot of waterfalls. By that time prices were quite higher than now because of the change from USD to ISK. I would say we spent around 1000 USD each one for a one week road trip.

The trip went awesome until the moment we were travelling back to home. We boarded the plane and just some minutes before departing the captain said there was a technical issue with the plane, It was one of the the last flights of the day.

At the end the flight got delayed 7 hours and we missed our next flight at JFK (New York). The interesting fact is that because of that delay, one month later the airline gave us a compensation of $720 to each one! Doing the math we got back around 75% of what we spent in Iceland.

I definilety will go back and visit Iceland again!

Thanks for sharing, Gabriel!

Are the costs quote in USD or CAD? Thank you.

Prices are quoted in USD.

Hey! My partner and I are planning to visit Iceland for our honeymoon,from India, for a 7 days trip,can you suggest the best places to visit ,the accomodation ,and an approximate cost of the whole.

Hi Rashi, hope you’re able to have a wonderful honeymoon! You can find more of our Iceland tips and articles here: https://www.theworldwasherefirst.com/iceland-travel-guide/

I hope you went and enjoyed the trip. Could you help me with the details of the costs? Thanks

When I was in the Army my unit went to Iceland two times and I was not chosen to go, but this time I really want to make an effort to during the summer months. I would like to go through a travel agent and be in a group tour. I am a senior citizen and would like to do this trip since I never had the chance to go. Any suggestions from anyone? Thank you and God bless.

Hi Susan, thanks for your comment! As we write mostly for independent travellers, we don’t know of any multi-day tour companies in Iceland that we can recommend. However, if you base yourself in Reykjavik, you should be able to easily see what the country has to offer with a series of organised day tours. I hope you’re able to plan a great trip!

I just got back from an 8 day stay in Iceland, in March 2019. We arrived in Reykjavik. My mom and aunt wanted to do the ring road (which is risky in winter), and requires at least 7 days to enjoy the sights and not rush. we went. Then finished the trip back in Reykjavik.

We split the cost of the rental car, gas, and guesthouses, which are cheaper than hotels (three twin beds in a small room) equally.

Hostels in Reykjavik were about $40 a night and awesome at KEX hostel (old biscuit factory turned hostel with a bar / food). Met a bunch of people from all over the world!

We individually paid for food, attractions and souvenirs. I went Glacier hiking / ice cave tour which was about $170, bought some little things for co workers about $50 and food was roughly $20 a meal for one person (on the low side). My pockets weren’t tight when it came to trying real Iceland cuisine.

I caught a break on round trip airfare for about $530 from Richmond, VA to Reykjavik, Iceland with eleven hour layovers in Boston, Massachusetts each way.

After it was all said and done, my total out of pocket expense was about $2200 USD for 8 days.

I hope this gives you a better idea of how much you may spend on your trip to Iceland. Was it worth it? Absolutely, but I always love to travel. So save up, plan accordingly and have fun in Iceland!

Thanks for that insight, Jeremy!

Do they get to see the northern lights much? And wouldn’t winter be a little cheaper?

You can definitely see the Northern Lights in the winter months! And generally, pricing in the winter isn’t much different from pricing in the summer, as Iceland is generally a popular destination to visit year-round. Hope you’re able to visit soon!

Sounds great. Can I ask did you get to see the northern lights during that time period? Thanks in advance

I went there with my family last month. It is not too much expensive. We really enjoyed it. And It was an amazing experience to go there. Really worth it.

I’m glad you enjoyed your time in Iceland! It really is an amazing country. It’s definitely possible to cut costs and still completely enjoy your experience.

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The Ultimate 5-Day Iceland Itinerary: Must-See Sights and Hidden Gems

By: Author Amanda OBrien

Posted on Last updated: 01/09/2024

Many people dream of seeing the natural wonders that are dispersed around the nordic nation, Iceland. From bursts of green, orange and red twinkling in the sky, volcanic marvels and green fjords, Iceland captures the imaginations of adventurers from all scenes of the world.

Did you know that it would only take you 12-13 hours to drive around the entire country of Iceland? This essentially means travellers can see all parts of the country in a short number of days – as you will see in this 5 day itinerary Iceland.

This Iceland vacation itinerary will lead you around the awe-inspiring coastal cliffs and mythical mountains to discover the most iconic and cherished parts of Iceland.

Let’s explore what a 5-day itinerary for Iceland entails, and the wonders that you’ll unearth along the way. And be sure to check out my post on everything you need to know before visiting Iceland , to be well prepared.

5 Day Itinerary Iceland: How to Get to there and How to Get Around

If you are flying into Iceland from abroad, you’ll arrive at the Keflavík International Airport (KEF), located 50-minutes from Reykjavik. The capital city also has an airport, but it only services domestic flights or flights to Greenland.

⇒ Flights to Reykjavik

Keflavik Airport is also only about half an hour from the Blue Lagoon . This is why most visitors tend to visit the Blue Lagoon on the first or last day of their trips. In this 5 day itinerary Iceland, I have suggested visiting the Blue Lagoon on the last day of your vacation.

⇒ Don’t miss reading My Guide to the Blue Lagoon and is the Premium Package Worth it?

Getting from Keflavik Airport to Reykjavik

The airport shuttle service provides fly buses that will take you to Reykjavik. You can choose your hotel as a drop-off point or the central bus terminal (BSI terminal) in the city centre. 

There are 2 companies that run airport buses . You can buy tickets for the Flybus onboard Icelandair flights. Grayline is the other company.

⇒ Save Money & Time – Book Your Transfer from Keflavik Airport to Reykjavik

Getting around Iceland

Without question, the best way to see Iceland is to Hire a Car.  Not only will it save you a fortune it is the best way to see most of the sites in 3 days in Iceland. Most of the key sites are free eg the Golden Circle so if you have a car costs drop dramatically – especially if you are with a group. And do make sure to check the weather in Iceland for a road trip for the time of year that you will be visiting.

And if you are going to hire a car for your Iceland trip then the best option is to pick it up at Keflavik airport. This will save you the transfer cost between the airport and Reykjavik. This is one of my top travel tips for Iceland .

5 Day Iceland Travel Itinerary: Day 1: The Golden Circle Tour

The Golden Circle tour is Iceland’s most popular day trip. This is generally a full day tour which departs from Reykjavik around 8am and returns at 5pm. If your flight is arriving a bit later you can opt for an afternoon tour  around the Golden Circle.

The core of the Golden Circle tour is the following 3 activities

Pingvellir National Park

Pronounced Thingvellir in English, the park is a UNESCO world heritage site and holds historical significance – it’s the location where Iceland’s first parliament was held.

Thingvellir National Park is located 40-minutes from Reykjavik and has several attractions. It’s geologically unique, where you can see a continental divide between the North American and Eurasian tectonic plates.

In the southern part of the park lies the largest natural lake in Iceland, the Thingvallavtn (Pingvallavatn). You can dive or go snorkelling here, or simply enjoy the scenery.

Geysir Thermal Area

After exploring the park, it’ll be a 40-minute drive to the Geysir thermal area. “Geysir” is a geyser in the geothermal area along the Golden Circle. Get your cameras ready to snap pictures of bubbling mud pots, springs shooting up boiling water and steaming air from the earth.

Along the way, before you arrive at the Geysir, you’ll pass by a lovely farm restaurant, the Efstidalur II, that provides some delicious foods.

Gullfoss Waterfalls

Just a quick 10-minute drive from Geysir is one of Iceland’s most iconic falls found in the Hvítá glacial river. It’s a wide, two-tiered waterfall that cascades down a 32-meter drop. For me this was the most stunning waterfall in Iceland.

There are several viewpoints where you can take pictures from. Be mindful that you should wear waterproof clothing and shoes when exploring these spectacular natural wonders.

Boutique Hotels in Reykjavik

Reykjavik has a fantastic boutique hotel scene with some great high end design options as well as some interesting concept hotels.

The classic Reykjavik boutique hotel is Hotel Borg . This was essentially Iceland’s first boutique hotel and is still modern in style and delivering on luxury. It also has a fantastic location on Austurvöllur Square, home to Reykjavik’s unique cathedral.

⇒ Read more Reviews on TripAdvisor ⇒ Book Now

101 Reykjavik is a member of the Design Hotels group and is all about sleek and minimalist black and white design. It features the work of local artists and a very stylish bar.

Normally I would never recommend staying at a hostel. However, Reykjavik has two unique hostel concepts and staying at these may give you more cash to enjoy Icelandic lobster.

Kex is the Icelandic word for biscuit. This really has nothing to do with anything but this is the perfect place to stay for solo travelers who like a bit of luxury. They have a fantastic bar and restaurant with live music and wine prices that are dirt cheap for Reykjavik.

They offer singles and doubles (as well as dorms – shudder) which are simple in design but still clean and stylish as this is Iceland.

The second hostel option is the Galaxy Luxury Pod Hotel . This is luxurious budget accommodation (I think that is an oxymoron but will continue). The only option here is a dorm room but instead of a bunk bed you will have your own enclosed pod. And there is a virtual reality gaming room.

If you’re looking to keep all of your cash for full on day trips and Icelandic lamb Air bnb have loads of properties in Reykjavik so this could be a great way to experience real Iceland.

Iceland Trip Itinerary Day 2: Bláfjöll Country Park and Reykjavik South Coast

Upon arriving in Bláfjöll Country Park, you’ll have a couple of hours to spend discovering one of Iceland’s secret natural gems, the Þríhnúkagígur volcano.

After the awe-inspiring venture, drive to the south coast of Reykjavik, where you’ll spot incredible natural attractions and awe-inspiring landscapes.

Bláfjöll Country Park

Begin your second day in Iceland by driving 20km to the east of Reykjavik, where you’ll arrive in Bláfjöll Country Park in the late morning. One of Iceland’s greatest natural phenomenons, an empty volcanic magma chamber of Þríhnúkagígur volcano, is found here.

The tour to the chambers or Inside the Volcano begins with a 3km hike, followed by a cable cart ride that descends 120m into the heart of the dormant volcano.

After the thrilling experience in the scarlet, orange volcano, drive to the small town of Hveragerði, nicknamed the earthquake town. There are supermarkets and a cafe here – the perfect place to grab some food for fueling your adventures.

Reykjavik South Coast

The scenic drive from Bláfjöll Country Park to the south coast will take you around 5 hours, depending on the weather. You’ll most likely arrive in the late evening.

Locals and international travellers are continuously blown away by the beauty that’s found along the south coast of Reykjavik.

Many travellers choose to explore the area in different ways. Embark on a group driving tour or drive around the area and find the beauty yourself. You’ll spot dried lava fields, breathtaking cliff sides and quaint fishing villages.

Check out my article on things to do on the Snaefellsnes Peninsula

If you’re travelling during winter, as the night starts to fall, take a drive to the edge of Jökulsárlón glacier lagoon . You might get lucky and see the celebrated Northern Lights.

If you’re interested in seeing the Northern Lights I highly recommend staying at Hotel Ranga in Hella. This is one of the two best Iceland Northern Lights hotel options to stay in – in my opinion.

⇒ Read Reviews of Hotel Ranga Iceland on TripAdvisor ⇒ Book Now

Iceland Travel Itinerary: Day 3: Egilsstadir & the East Fjords

On the third day of your itinerary for Iceland, you’ll be venturing out to the quintessential town of Egilsstadir. The 4-hour drive to the town will reward you an array of waterfall sightings, mountainous landscapes and jagged fjords.

Egilsstadir

The town of Egilsstadir is split by Iceland’s largest river, Lagarfljót. It’s in these waters that it’s believed the Loch Ness monster lived. Use this visit as an opportunity to discover the culture, food and folklore found in the east of Iceland.

These parts of Iceland are also the only regions where you’ll spot wild reindeer roaming around. The tree-covered grounds are also particularly rare on the island and a great place to go for a light stroll is at the Hallormsstaðaskógur National Forest .

The East Fjords

The east fjords are known globally for their wild beauty, and often the scene of Viking inspired movies and series. Charming fishing villages and glaciers surround the steep cliffs that are nestled along the coast.  And they’re often complemented with thundering waterfalls and crystal clear bodies of water.

Boutique Hotels in Egilsstadir

Hotel 1001 Nott is a luxury family-owned hotel on a quiet lake about 4km from Egilsstadir. Every room has floor to ceiling windows and contemporary and modern design.

The restaurant at Hotel 1001 Nott also has floor to ceiling windows to take advantage of the beautiful vistas – and it is well known for its reindeer burgers.

Or why not stay at an Icelandic farmhouse? Hotel Eyvindara is another family-run hotel just 2 km from Egilsstadir. Many of their simple and modern rooms also have private balconies. Their restaurant serves a mix of Icelandic and international dishes.

Iceland Travel Itinerary: Day 4: Husavik & Akureyri

A leisurely drive of around 3 hours will take you from Egilsstadir to the coastal town Husavik, which is famous for whale-watching and for its role in the fantastic Eurovision Song Contest Film: The Story of Fire Saga .

Given that the main spectacle is the chance to watch whales breaching over the water, try to leave Eglisstadir as early as possible to reach Husavik, and then Akureyri.

Thousands of travellers are drawn to Husavik to catch the chance of spotting whales. On the traditional whale tour , you’ll also often encounter the harbour porpoise, the titanic blue whale and plenty of white-beaked dolphins.

Once you’ve gotten your thrill of seeing the sea life, visit the Exploration Museum and Whale Museum , to discover even more weird and wonderful facts about these sea creatures.

An hours drive from Husavik is Akureyri, the second largest town of Iceland which holds a vibrant, bustling population. And with a city this big, an exciting array of activities await you.

Consider doing something you’ve probably never done before, visit an arctic botanical garden. The garden encompasses every flower species native to Iceland, and fairy-like paths will lead you through the wonderful scenery. Entrance is free, a nice bonus.

End of the day by dining at Strikið , one of the best restaurants in the country. The classy establishment shows off views of the surrounding fjords. Those brave enough for the cold can choose to enjoy their meal of the terrain with even better views.

Spend the night in Akureyri before making your way back to Reykjavik.

Hotel Akureyri is a super cute and quirky boutique hotel with micro suites in downtown Akureyri. They have a mix of rooms that feature ocean views or sloping ceilings or private balconies.

Hotel Kea is located in the heart of Akureyri next to its famous church. Their 104 rooms have contemporary wooden floorboards and modern interior design. They also have an excellent in house restaurant Mulaberg Bistro & bar.

Reykjavik Itinerary: Day 5: Back to Reykjavik to Explore the City and/or visit the Blue Lagoon

After a good night’s rest in Akureyri, start your morning bright and early, and journey back to Reykjavik. The drive will take you approximately 5 hours. This will be your last day to experience the capital of Iceland.

Depending on the time of your flight, you may well be able to explore Reykjavik and visit the world-famous Blue Lagoon on your way to Keflavik airport.

If you are short on time I would recommend prioritizing a visit to the Blue Lagoon. Reykjavik is a very cute town with lots of atmosphere but the Blue Lagoon is a genuinely unique experience that you won’t encounter elsewhere.

City Life in Reykjavik

Start your day wandering along the streets and through the charming neighbourhood. Or venture to Reykjavik’s Old Harbor, which shows off the icy sea waters and views of Mount Esja in the background. Don’t miss the stunning Sun Voyager sculpture on the harbor.

There are plenty of museums that can be visited in the Icelandic capital. Choose between visiting the Saga Museum, the Maritime Museum or the National Museum of Iceland. A visit will most likely take you 1-2 hours, which leaves you with time to wander the lively streets.

Visit the tallest church in Iceland – the Hallgrimskirkja which has fantastic views over Reykjavik and if you’re a coffee-lover, pop into Reykjavik Roasters for a fantastic cup of coffee.

Blue Lagoon

After exploring Reykjavik, venture to the Blue Lagoon , which is one of the most popular things to do in Iceland. The man-made lagoon, which features milky blue waters, is supplied by warm waters from Svartsengi, the nearby geothermal power plant. Travellers enjoy taking dips in the water or venturing the spa and resort.

It’s recommended you book a ticket in advance to skip the queues to get into the Blue lagoon. This is a must-do during your 5 day Itinerary Iceland and a perfect way to finish your vacation.

Blue Lagoon is a 50-minute drive from the city centre. You can take Reykjanesbraut, Highway 42, through to Grindavíkurvegur, Highway 43, and then simply follow the signs to Blue Lagoon and then drive on to Keflavik airport once you’ve finished.

The Blue Lagoon is open from 8 am – 8 pm, and ticket prices will vary depending on the time.

Best Time to Visit Iceland

While it’s not a problem to visit Iceland all-year-round, different seasons provide different opportunities for travellers.

5 days in Iceland during summer is always going to be great for outdoor adventure tours and hikes through the wildlife. Summer will last from June to August, and it’s one of the most popular times for visiting the country.

However, the shorter days in the winter months will create a better opportunity to see the glorious Northern Lights. You can also spend more time visiting museums, cosying up by the fire and galavanting in the snowy forests. September to mid-April are the coldest months in Iceland.

Things to Know before you go to Iceland

⇒ If you have not hired a 4 WD car check in with your hotel on where you are going to make sure that your car will be ok. Quite a few roads are 4WD only and they show up quickly.

⇒ There is no need to buy a SIM card for Iceland. Indeed my UK provider Vodafone covered me under my normal UK plan.

⇒ Also, there is wifi virtually everywhere in Iceland and it is almost always free. This is from the hotels to the major tourist attractions.

⇒ You can save a lot of money by  grabbing your lunch at a supermarket.  The supermarkets in Iceland are great – loads of good quality produce.

⇒ Icelandic chocolate is also delicious. We also bought crisps, dips etc at the supermarket for pre-dinner snacks. A key item you must try whilst in Iceland is the national yoghurt Skyr .

⇒ Wine is very expensive in Iceland. However, there are several ways around this. Firstly when you arrive in Iceland and go to baggage claim there is a giant duty and tax-free store . Iceland is I believe the only place in the world to have shopping that is both tax and duty-free.

⇒ Virtually everywhere in Iceland accepts cards – even the toilets. This is much easier than dealing with cash. It is also quite easy to pay individually when you are in a group.

Get Ready to Embark on a 5 Day Trip to Iceland

The strikingly beautiful landscapes in Iceland will leave you breathless, no matter how many times you’ve explored the nordic country. Fortunately, the country is so small; it allows travellers the opportunity to discover all the magical destinations and natural wonders.

Perhaps 5 days may be too long for you. If so, be sure to check out my best Iceland Itinerary for 3 days , which includes many fantastic ventures.

Amanda O’Brien is the creator and editor of The Boutique Adventurer. She has visited 80 countries and is a member of the British Guild of Travel Writers as well as the IFTWTA. She is passionate about wine had has just completed Level 3 of the WSET. Born in Australia, she lives in London.

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How Much Does An Iceland Trip Cost: My Two Week Budget Breakdown

Last Updated on March 16, 2024

Let’s be honest here, a trip to Iceland is going to cost you a more than most places you may have traveled to. Especially if you’re a Southeast Asia lover like myself. There are certain countries you can travel to and get by with spending under $2000, maybe even $1000, and then there are more expensive ones, Iceland and other Nordic countries, that are flat out just going to cost you more money but trust me, they’re well worth it. I made this Iceland travel cost post for a couple of reasons: to hold myself accountable on my spending, to help you out if you’re looking to plan a similar trip to Iceland, and to give others insight on how much my trips really cost, and to be quite honest, this one surprised me. I was hoping to spend around $3500 USD total, but I went a bit over budget in a few areas, but I really don’t mind too much. This trip was worth every single cent that I spent, even if it was the most expensive trip that I’ve taken.

Yes, let me repeat that, this is the most expensive trip I have ever taken.

I am not a luxury traveler. I am not a super strict budget traveler. I am a comfortable traveler, but to put a label on it, I’d say I’m an average to a mid-range type of traveler. I travel within my means, splurge on a couple of things depending on the trip, and make sure that I have a comfortable, incredible time. Traveling comfortably looks different for everyone, so in this budget breakdown, I am going to give you all the juicy little details of my trip, where I spent the most money, where I could have saved money, and hopefully it will help you plan your trip efficiently and maybe save more money than I did! The biggest thing to remember here is…

Just because I spent this much, doesn’t mean you will too, but it will give you a rough estimate.

There are plenty of ways to save money while traveling in Iceland, and some I practiced well, and some I didn’t. So, without further ado, let’s crack into how much chedda’ I blew on this trip and where most of my money went *cough cough* my car rental.

This post may contain affiliate links for the products or services I mentioned, but as always, all opinions are my own. I make a small commission, at no extra cost to you, when you make a purchase or booking through these links. This helps to support this space and keep me blogging, which I am so extremely thankful for.

My Travel Style

What type of trip does this grand total apply to.

$4,296.33 USD reflects a solo traveler who went out to eat three times total, purchased all other meals to cook from grocery stores, camped every single night (except night one), rented her own car, and did a self-driving tour. I did not hire guides, go out drinking, or spend any more than I needed, or wanted, too. I considered myself to be extremely comfortable during the duration of my trip and wasn’t penny-pinching to try and save a ton of money, the way that I traveled did that for me. I traveled for a total of fifteen days, including the days that I arrived and departed Reykjavik.

What Time Of Year Did I Travel To Iceland?

I traveled in high season, June, which boosted the prices of some things, especially my rental car. If you choose to travel in the shoulder or winter seasons, the cost will be lower, however, most campsites are not open during the winter, so you might have to stay in hostels, hotels, or air bnbs.

What This Cost Doesn’t Include

There are a couple of things that I chose to omit from this because I know that these things may not be necessary for someone else’s budget, or you may already own what you need to make this trip. I chose to purchase my camping gear rather than rent because I plan on making camping trips in the future and the cost for renting was the same as purchasing it for myself, so I chose to make the investment. I also purchased a pair of KEEN Terradora Mid Women’s Hiking Boots , two Patagonia Capilene Thermal Base Layer Tops , one Patagonia Capilene Thermal Bottom , four pairs of Bombas Hiking Socks, gloves (which I accidentally left at home), a thrifted beanie, Mountain Hardwear Waterproof Hiking Pants , two thrifted sweaters, and a Tom Bihn Toiletry Bag so that I wouldn’t use another plastic bag.

The Cost of a few hiking gear essentials

The cost of purchasing my own camping gear.

– renting the camping gear was just as expensive as owning my own and since I plan on making more camping trips, I chose to invest in my own equipment.

Photography gear I purchased prior to my trip

8 ways i could have cut iceland trip costs, purchased a sim card (~$30) over a wifi hotspot rental ($91), drove less (gas is expensive), dined instead of eating out 3 times (save ~$60), waited for a cheaper flight deal, purchased my rental car upfront 100% instead of 10% down, set up my alternative debit card with no itf’s ahead of time, camped my first night instead of booking a hostel, booked a 2wd over a 4×4 car, how much i spent on my 2 week iceland roadtrip, iceland transportation cost.

First things first, let’s talk about airfare and transportation. These were the most expensive parts of my trip and they actually take up about 50% of this total Iceland budget. That being said, there are many ways that you can save on these areas, so if the price makes you shriek a little bit, don’t worry, you may not spend as much as I did.

Buying my flight to Iceland was a little bit interesting. I was weighing the pros and cons of traveling with the world renown budget airline, WOW Airlines, but once I realized that I was going to pay hefty luggage fees for my camping and camera gear, I chose to fly with Air Canada since my first piece of checked luggage was free and I was allowed a carry-on. This ended up being a REALLY good decision because WOW Airlines ended up going bankrupt and leaving a lot of people stranded in other parts of Europe, and without a refund for their canceled flights . I did spend a little more on my flight that I wanted to but by the looks of it, I was either going to spend more on a better airline or save money with a budget airline and spend over $100 on luggage fees, so I went with the first option. I flew out of Dallas, Texas so already rose the price of my ticket. It seems like a lot of people fly in from other parts of Europe and manage to spend a whole lot less, but in my situation, I wasn’t going to get a ticket lower than around $500. That is not to say that it’s not possible, but a deal never seemed to cross paths at the time I was buying my flight and hunting for flight deals , so I did spend a little bit more than usual, but it was more of a safety blanket after everything with WOW Airlines and the Boeing 737’s being grounded. One thing I will whine about (first world problem but it’s really not that big of a deal), when the Boeing 737’s were grounded, Air Canada downgraded my seat to their budget carrier, Air Canada Rouge. I know that thousands of other people had to be put on alternative planes in order for them to run their business, but my long haul flight to Iceland didn’t have a TV, the legroom wasn’t too great, BUT the food and service was really really awesome, and they gave me a discount for my next flight with Air Canada, so they mended that wound REAL quick. I will probably fly with Air Canada again for future trips to Canada and around North America and I HIGHLY recommend them if you’re planning a trip to Iceland. I am not sponsored by them or anything, but I really enjoyed my flying experience with them.

Next up on my list for my Iceland trip cost is travel insurance. I never go anywhere without travel insurance now and I am really glad I had it in Iceland in case anything happened to me while I was away. I always book with World Nomads since they cover any and all type of adventures while I am abroad, and they have really affordable options for all types of travelers. I spent around $80 USD for their Explorer Plan which came out to be around $5 USD / day to protect myself and my travel plans for fifteen days. Not too shabby.

I went back and forth and back and forth on a car rental for WEEKS. I couldn’t decide on a rental company since most of them had a mixture of reviews, but I ended up booking through Northbound and through them my car was with Go Car Rental. Would I recommend Go Car Rental? Absolutely. I was picked up at the airport early and I was given a little tour of my car, a Suzuki Jimney, and everything was seamless and easy. Since I had purchased platinum insurance, I was able to drop my car off at the airport on the morning of my flight and the only thing I had to do was leave the keys in the glovebox. I did purchase the highest level of insurance because I did not want to be hounded for wind and ash damage or if something else happened to the car. Throughout my whole drive, I heard rocks hitting the car and I didn’t have to worry about being charged because I had good insurance. The insurance ended up costing me an extra $500-$600 dollars, but I was 100% covered which is the most important part. Next time I rent a car abroad, I want to have a travel credit card that will give me car insurance, or once I move into my van, I want to get the insurance that covers me internationally as well so that I don’t have to pay an extra cost when I travel. You can save money on your rental by getting lower insurance, or if you have your own with your travel credit card, you don’t need to get any at all depending on the coverage plans that come with it. So, don’t let the cost freak you out, I could have saved myself in a couple of areas. Also, if you do plan on renting your own car in Iceland, which you should, buy it 100% in advance and you won’t have to pay a deposit and fee depending on the company you choose to rent it from. I chose Northbound because I was able to put 15-20% down and then I was able to pay the rest once I arrived which was really nice.

Flight (Roundtrip: DFW to KEF)

*flight via Air Canada right after WOW Airlines flopped

travel insurance with World Nomads

*Explorer plan

Car rental with go car rental

*price includes highest insurance package

Iceland Food, Gas, + Fees Cost

Shockingly enough, I didn’t spend too much on food. I made two big grocery stops, both at Kronan, and had enough food to last me the entire two weeks of my trip. I stopped twice to replenish my peanut butter and jelly supplies, and once I realized I hadn’t spent a ton on food, I treated myself to a couple of nights out along the way, so that added another $60 USD to my grand total , but my goal was to spend around $250 USD on food and I nailed that goal. The food and grocery stores in Iceland weren’t too expensive and since I do eat a vegan diet, it made a lot of my staple food items the cheapest options available, so if you’re trying to save a bit of money on food, eat more plant-based and your meals will be so much cheaper even if you go out to eat. I ate the same things throughout the duration of my trip and I ended up eating (a lot) of pb & j’s, spaghetti, tacos, vegan sandwiches, and oatmeal. I wanted to stick to ingredients that could easily be made into different things, so I could put the peanut butter and jelly from my sandwiches in my oats, I bought ready made chili and rice so I could make tacos or enjoy bowl and it made everything really easy to change in case I got sick of one thing and wanted another. I was surprised at all the options I found on this trip traveling as a vegan and I was so excited to try some new things that I don’t even get back home!

Ugh. The gas cost on this trip was the death of me. On the first leg of my trip, I felt like I was going to be able to keep my gas cost down to a minimum, I was hoping around $350, but as I went further and further into my trip, I felt like my rental car was just eating gas like no other. I did drive over the speed limit, sometimes by a lot, in certain areas and I believe at one point I had forgotten to turn off my 4WD, so those are two things that probably were the culprits, but other than that, I filled up at around half a tank so I would never run out of gas and I mainly went to the N1 gas stations all over the island. I didn’t buy a gas card since I didn’t feel like I needed it and I didn’t really have too many issues with finding gas stations. The prices seemed to be fairly similar no matter which gas company you chose, so I stuck with N1 and I ended up spending $200 over my budget, which kinda sucks but there wasn’t exactly any way around it. I drove over 2000 km (~1240 miles) and to put that in perspective, that’s like driving 2/3 of the width of the United States, so I’d say I am fine with how much I spent on gas.  I know that diesel cars tend to be more gas friendly, so if you can opt for one of those or a car with good MPG rate, go for that.

I was able to keep my budget fairly low for food and gas, however since my travel card wasn’t set up in time, I ended up owing around $70 USD in foreign transaction fees . It’s not the end of the world, but I’ll know to make sure there aren’t any issues with my account before I take off. I had thought that everything was good to go, but that ended up not being the case and I wasn’t able to do much about it once I landed in Iceland.

Grocery Shop #1 (Kronan) – $81.32

Grocery Shop #2 (Kronan) – $65.09

Grocery Pit Stop # 1 (Bonus) – $10.65

Grocery Pit Stop #2 (Netto) – $11.16

Dinner In Reykjavik (Pub)- $16.88

Dinner In Reykjavik (Kaffi Vinyl) – $36.41

Dinner In Vik (The Soup Company) – $13.43

Hibiscus Tea At Braud + Co – $6.42

TOTAL – $241.36

International processing fees, total – $73.47.

Stop #1 – $53.84

Stop #2 – $33.55

Stop #3 – $38.83

Stop #4 – $53.81

Stop #5 – $31.78

Stop #6 – $21.28

Stop #7 – $61.08

Stop #8 – $72.31

Stop #9 – $68.39

Stop #10 – $54.48

Stop #11 – $59.65

TOTAL – $549.00 

Accommodation cost, excursions, + little things.

As I mentioned at the beginning of this blog post, I chose to camp for the entirety of my trip and let me just say that camping is hands down the BEST way to travel Iceland. If you like to travel with loose plans, change plans last minute, find local spots, and see the raw nature of the country, go camping. It’s affordable and it will put you right back in touch with nature. I never spent more than $20/night on my campsites and most hotels or Airbnb’s in Iceland will cost you over $50/night. The first night I landed, I did spend the night at the Galaxy Pod Hostel and that cost me around $80 for my first night, but every night past that was spent in a campsite. I had the most incredible experience exploring this way and if you are a huge nature lover, odds are you are if you’re going to Iceland, then I highly recommend pitching a tent for your trip, especially if you want to save some money and it’s your travel style. I didn’t really have a set budget for campsites, but I knew that it was going to cost me roughly $300 USD and I ended up spending around $256 which puts me at around $17/night for a place to sleep, a hot shower, a friendly community, and a place to cook. You really can’t beat that.

I didn’t spend too much on excursions since most of the things that I wanted to see were free, but I did splurge on a morning ticket to the Blue Lagoon and a nice soak in some hot tubs out in Höfn. There were some other things that I wanted to see, but I just didn’t get to it this trip since most tours to things are hella expensive, so I plan to see them when I return!

I knew that I was going to have some costs here and there that I didn’t plan on writing into my budget, like to use the bathroom, and it really didn’t end up costing me as much as I thought it would. I forgot the gloves I had purchased for this trip at home, so I needed to purchase a pair and that downed me about $50, but now I have a souvenir that I’ll use for life! I also made a last minute decision to rent a wireless hotspot instead of a SIM card since I was traveling alone. I didn’t know what my plans were and I wanted to make sure that I was always connected. Looking back on it, a SIM card would have been nice so that I could make local calls, so I think next time I’ll either opt for the SIM or use both of them since I need an internet connection for ze blog. Originally when I had looked into renting the wireless hotspot, it was going to cost me around $200 USD, but on my way to Iceland, they had a Father’s Day deal where it was only going to cost me $91, so I jumped on the chance and it was one of the best purchases I made for my trip. If you want a wireless hotspot for Iceland, or if you need it for work, Trawire should be your go-to. It has signal in all the main areas and it doesn’t slow down your speeds once you hit a certain number of gigabytes.  The other little things that I paid for were bathroom trips and to wash my car on my last full day since it was filthy from me living out of it for two weeks. All of these buys had a purpose, so I don’t think any money was wasted here, or any part of my trip for that matter.

Blue Lagoon – $86.48

Hallaug Hot Tubs – $7.91

TOTAL – $94.39

Little things.

Bathroom at Dyjandi Falls – $1.61

Bathroom At Gas Station – $0.81

Bathroom At Black Sand Beach – $1.58

Bathroom At Gas Station + 1 Can Of Pringles – $3.81

Gloves At North 66 – $47.51

Trawire Hotspot Rental – $91.00

Car Wash + Vaccum – $15.82

TOTAL – $162.14

Accommodation.

Galaxy Pod Hostel – $78.13

Reykjavik Campsite – $19.33

Olafsvik Campsite – $12.08

Flókalundi Campsite – $11.27

Tunguskogur Campsite – $14.50

Reykjavik Campsite – $19.33 +Laundry Service – $11.27

Hamragarðar Campsite – $11.98

Pakgil Campsite – $15.82

Pakgil Campsite – $0.00

Campsite Hofn – $16.21

Svinafell Campground – $13.45

Vik Campsite – $13.84

Reykjavik Campsite – $19.01

TOTAL – $256.22

*drumrolls*

GRAND TOTAL – $4,296.33 USD

Weekly cost – $2,148.16 usd / week, daily cost – $286.42 usd / day.

MORE TRAVEL TIPS FOR YOUR TRIP TO ICELAND:

–  21 Genius Tips For Traveling On A Budget

–  How To Book The Cheapest Flights Anywhere In The World

–  20 Incredibly Easy Ways To Save Money For Travel

LOOKING FOR MORE ICELAND TRAVEL RESOURCES? CHECK THESE OUT:

–  50 Iceland Travel Tips For An Incredible Trip

– Iceland Packing List: What To Wear In The Land of Fire & Ice

–  One Day In Reykjavik: BEST Things To Do In Iceland’s Capital

–  The 12 Best Campsites In Iceland

–  Is The Blue Lagoon Worth It? Everything To Know Before You Go

–  The Top 10 BEST Hostels In Reykjavik

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4 comments on “ How Much Does An Iceland Trip Cost: My Two Week Budget Breakdown ”

Thanks for this! Your travel style and preferences sound the same as mine, so this post, plus your “12 best campsites” post, are really going to be helpful. One question: to reach all of those campsites in June, did you really need a 4wd, or would 2wd have been okay?

Hi! I’m so glad to hear that you found this helpful! (: I had a 2WD my entire trip (Suzuki Jimney) and had no issues getting to any of them. Pakgil has the most rugged drive, but all 2WD cars can get there just fine.

YIKES!! Yep that definitely both shocked and frightened me. While I knew Iceland was expensive, seeing the numbers really put it in perspective. While I didn’t have too much interest in going to Iceland before (due to overtourism and expense), now I definitely know to put it firmly out of my mind! Haha.

Good to know it’s pretty vegan-friendly though.

Oh no! Don’t let it steer you away! There were plenty of areas that I could have opted in to save money and people travel Iceland even cheaper than I did. Also, there are plenty of places to get off the beaten path and avoid a ton of crowds (sometimes I traveled overnight) and I even went on hikes where there was no one else there and it was only me and some of the most beautiful views in all of Iceland. I do think tourism will calm down (as anticipated by some locals), but saving up for a minute and heading out is for sure worth your while (:

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Trip to Iceland Cost: What You Need to Know 2024

June 25, 2023

Iceland, known for its stunning landscapes and natural wonders, is a captivating destination for travelers. While Iceland is generally considered a moderately expensive travel destination, there are ways to save money and travel on a budget.

When planning a trip to Iceland, it's essential to understand the major costs involved. On average, a round-trip ticket can cost between $500 and $1,500 per person, depending on the departure location and the time of year. Accommodation prices vary widely, with budget options starting from $50 per night and luxury options exceeding $300 per night. Public transportation in Iceland is reliable and efficient, with bus fares ranging from $3 to $20 depending on the distance. As for dining, exploring local eateries and food trucks can provide affordable options, with meals ranging from $10 to $30 per person.

A budget traveler in Iceland can expect to spend around $100 to $150 per day, including flights, accommodation, meals, and activities. Mid-range travelers can expect to spend around $150 to $300 per day. These estimates may vary depending on the specific itinerary, the season of travel, and the activities you choose to engage in. By planning ahead, utilizing money-saving tips, and being mindful of your expenses, you can experience the wonders of Iceland without breaking the bank.

How much does it cost for 2 nights and 3 days when traveling to Iceland?

Planning a 2-night, 3-day trip to Iceland? The cost can vary depending on factors such as your travel style, accommodation choice, transportation, and activities. Here's a rough estimate of the cost for a budget traveler:

• Flights: The cost of a round-trip ticket to Iceland from the US can range from $500 to $1,500, depending on your location.
• Accommodation: Budget hotels or hostels in Iceland can range from $50 to $150 per night. For 2 nights, the total cost for accommodation would be around $100 to $300.
• Transportation: A one-way subway or train ticket in Iceland can cost between $3 and $20. For 3 days of transportation, the total cost would range from $18 to $120.
• Food and drinks: At budget restaurants, a meal in Iceland can cost around $15 to $30 per person. Street food and convenience store meals can be even more affordable. The cost of drinks varies depending on the type and location, ranging from $5 to $15. For 3 days, expect to spend approximately $90 to $180 on food and drinks.
• Sightseeing and activities: There are popular attractions in Iceland that may be free or have a small entrance fee, such as exploring natural wonders or visiting local landmarks. Other attractions, such as guided tours or glacier hikes, may cost more, ranging from $50 to $200 per person. For 3 days of sightseeing and activities, plan for a cost range of $150 to $600.

For a budget traveler planning a 2-night, 3-day trip to Iceland, the total cost would be approximately $758 to $1,800. Keep in mind that these are rough estimates, and actual costs may vary depending on your travel style, chosen activities, and additional expenses.

How much does it cost for flights when traveling to Iceland?

The cost of flights to Iceland can vary depending on various factors such as the departure location, time of year, airline, and availability.

Generally, round-trip economy class tickets from major cities in the United States to Iceland can range from $400 to $1,200. However, prices may fluctuate based on the time of year, with peak travel seasons typically being more expensive.

It's important to note that airline prices are subject to change frequently, so it's always a good idea to check with a reputable travel booking website or airline for up-to-date pricing information.

Cheap flights from New York to Reykjavík

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Crossed out prices are calculated based on the average price of the corresponding route on Trip.com.

Cheap flights from Los Angeles to Reykjavík

How much does it cost for hotels when traveling to Iceland?

The cost of hotels in Iceland varies depending on several factors such as the location, season, and the type of accommodation you're looking for. Generally, hotels in major cities like Reykjavik, Akureyri, and Hofn tend to be more expensive than hotels in smaller cities or rural areas.

In Reykjavik, the capital city of Iceland, the average cost range of a mid-range hotel room per night is around 15,000-30,000 ISK (approximately $120-$240 USD). Luxury hotel rooms in Reykjavik can cost anywhere from 30,000 ISK (approximately $240 USD) and above per night.

In other cities and smaller towns in Iceland, hotel prices are generally more affordable. You can find budget accommodations starting from around 10,000 ISK (approximately $80 USD) per night.

Please note that hotel prices in Iceland can fluctuate depending on the time of year and availability. It's advisable to book your accommodations in advance to secure the best rates.

Best hotels in Reykjavík

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When it comes to the cost of food and dining in Iceland, there is a wide range of options and prices to consider. The cost can vary depending on factors such as the type of food, the restaurant's location, and the level of formality or luxury.

In general, the price range for meals in Iceland can be as follows (prices are given in local currency and approximate USD conversions):

• Street food or fast food: Around 1,500-3,000 ISK ($12-24)
• Casual dining or local restaurants: Approximately 3,500-6,500 ISK ($28-52)
• Mid-range restaurants: Expect to pay around 6,500-10,000 ISK ($52-80)
• High-end or luxury restaurants: Prices can range from 10,000 ISK ($80) and beyond

In addition to restaurants, there are other affordable options for food in Iceland. Convenience stores and supermarkets offer a variety of tasty and healthy food at reasonable prices. You can find sandwiches, salads, snacks, and drinks that are perfect for a quick and budget-friendly meal.

When it comes to tipping in Iceland, it's not customary to tip as it is in some other countries. The prices listed above generally reflect the final price you will pay, including taxes and service charges. However, if you receive exceptional service and would like to show your appreciation, a small tip is always welcomed.

It's important to note that prices can vary depending on the location and the time of year. Popular tourist areas and peak seasons may have slightly higher prices compared to more remote or off-peak destinations. It's always a good idea to check the menu prices and ask about any additional charges before ordering to avoid surprises.

How much does it cost for souvenirs when traveling to Iceland?

When it comes to souvenirs in Iceland, the cost can vary widely depending on what you're looking for, where you're shopping, and the quality of the item. From unique handcrafted items to traditional Icelandic products, there is something for everyone to bring back home as a memento of their trip.

Here are a few examples of popular souvenirs in Iceland and their approximate prices:

• Icelandic Wool Sweater: A classic Icelandic souvenir, these cozy wool sweaters are known for their warmth and intricate patterns. Prices can range from 10,000 ISK ($80) for a basic design to 30,000 ISK ($240) or more for a higher-quality or custom-made sweater.
• Icelandic Lava Jewelry: Made from volcanic rock and combined with metals or gemstones, Icelandic lava jewelry is a unique and stylish souvenir. Prices can vary depending on the complexity of the design, but expect to pay around 5,000-15,000 ISK ($40-120) for a beautiful piece.
• Icelandic Skyr: Skyr is a traditional Icelandic yogurt-like dairy product that has gained popularity worldwide. It makes for a delicious and lightweight souvenir to take home. A single serving container of skyr can cost around 200-400 ISK ($1.60-3.20), depending on where you purchase it.
• Icelandic Puffin Souvenirs: Puffins are an iconic bird species in Iceland, and you'll find a wide range of puffin-themed souvenirs, including plush toys, keychains, and artwork. Prices for puffin souvenirs can range from 1,000-5,000 ISK ($8-40), depending on the item and its quality.

It's worth noting that many souvenir shops in tourist areas have fixed prices, but there may be room for negotiation in other types of stores, such as flea markets or antique shops. Additionally, prices can fluctuate depending on the time of year and the demand for certain items. To make sure you're getting the best value, it's recommended to shop around, compare prices, and ask locals or fellow travelers for recommendations.

So, whether you're in search of a cozy wool sweater, a unique lava jewelry piece, a taste of Icelandic skyr, or a charming puffin souvenir, Iceland offers a variety of options to suit different tastes and budgets. Don't forget to leave some space in your suitcase to bring back a piece of Iceland with you!

How much does it cost for transportation when traveling to Iceland?

When it comes to getting around in Iceland, the cost of transportation can vary depending on the mode of transportation and the distance traveled. Whether you're exploring the vibrant city of Reykjavik or venturing out to the breathtaking landscapes of the countryside, here are some approximate costs to keep in mind:

• Bus : Local bus fares in Reykjavik typically start at around 470 ISK ($3.80) for a single journey within the city. Longer-distance bus trips can range from 2,000-10,000 ISK ($16-80), depending on the destination.
• Train : Iceland doesn't have a widespread train network, so train travel is not a common mode of transportation within the country.
• Taxis : Taxis in Iceland can be quite expensive. Starting fares are usually around 800-1,000 ISK ($6.40-8), with additional charges per kilometer. It's recommended to check the taxi fare with the driver before starting your journey.
• Rental Car : Renting a car in Iceland is a popular option for exploring the country's scenic routes and remote areas. Prices for rental cars vary depending on the type of vehicle, rental duration, and time of year. On average, expect to pay around 8,000-20,000 ISK ($64-160) per day for a basic car rental.

While Iceland doesn't have specific nationwide transportation passes, there are various regional and city-specific cards available that offer discounts on public transportation, museums, and attractions. For example, the Reykjavik City Card provides unlimited travel on buses within the city and free admission to many museums and attractions.

It's important to note that the cost of transportation in Iceland can be higher compared to some other countries. However, it's also worth mentioning that Iceland's natural beauty and unique landscapes make the journey itself an unforgettable experience.

How much does it cost for sightseeing when traveling to Iceland?

When you're visiting Iceland, the cost of sightseeing can vary widely depending on the location, attraction, and activity you choose to explore. From majestic waterfalls to geothermal wonders and captivating cultural sites, here are some approximate costs to help you plan your sightseeing adventures:

• Museums and Galleries:
• The National Museum of Iceland: Admission fees for adults range from 2,000-2,200 ISK ($16-18), while children under 18 can enter for free.
• The Reykjavik Art Museum: Prices vary depending on the specific exhibition, but the general admission fee is around 2,000-2,500 ISK ($16-20) for adults.
• The Perlan Museum: Ticket prices for adults start at around 3,500 ISK ($28), with discounts available for children, students, and seniors.
• Tours and Activities:
• Golden Circle Tour: This popular tour takes you to some of Iceland's most iconic sights, including the Geysir geothermal area, Gullfoss waterfall, and Þingvellir National Park. Prices start around 8,000-15,000 ISK ($64-120) per person, depending on the duration and inclusions.
• Glacier Hiking: Embark on a thrilling glacier hiking adventure on one of Iceland's magnificent glaciers. Prices for guided glacier hikes can range from 10,000-20,000 ISK ($80-160) per person.
• Northern Lights Tour: Witnessing the mesmerizing Northern Lights dancing across the night sky is a must-do experience in Iceland. Prices for Northern Lights tours start at around 8,000 ISK ($64) per person, with variations depending on the tour operator and additional inclusions.

It's worth noting that while some attractions and activities in Iceland may come with a price tag, there are also many free or low-cost sightseeing options available. You can explore the beautiful landscapes, go on self-guided walking tours, visit public parks, and marvel at the country's natural wonders without spending a fortune.

To make the most of your sightseeing budget, consider looking for deals and discounts offered by tour operators, checking for combo tickets or packages, and taking advantage of any available seasonal promotions. Additionally, keep in mind that prices can vary depending on the time of year, so it's a good idea to plan ahead and book in advance whenever possible.

How much does it cost for Wi-Fi & communication when traveling to Iceland?

When planning a trip to Iceland, it's important to consider the cost of Wi-Fi and communication to stay connected while exploring this beautiful country. Let's dive into the options and cost range for accessing Wi-Fi in Iceland.

One popular option for travelers is renting a Wi-Fi router . Depending on the rental company and plan, the cost can range from affordable to more expensive. This allows you to have a portable Wi-Fi hotspot wherever you go, ensuring a reliable internet connection throughout your trip.

Another convenient choice is purchasing a SIM card . Different data plans and providers are available, offering various benefits and prices. You can choose a plan that suits your data needs and budget. Having a local SIM card enables you to make calls, send messages, and access the internet at local rates.

Additionally, Iceland provides free Wi-Fi hotspots in various locations. These include popular tourist spots, cafes, restaurants, and shopping centers. So, even if you don't rent a router or purchase a SIM card, you can still connect to the internet in certain areas without any additional cost.

It's worth noting that some hotels and accommodations in Iceland offer free Wi-Fi for their guests. Before booking your stay, make sure to check if the place you're considering provides complimentary internet access.

For those who prefer using smartphone apps, there are certain applications that provide access to free Wi-Fi hotspots throughout the country. Examples include "Wi-Fi Finder" and "Free Wi-Fi Map," which help you locate nearby hotspots and connect to the internet without using your data plan.

The cost of Wi-Fi and communication in Iceland can vary depending on the method of access and the data plan you choose. However, with the availability of rental Wi-Fi routers, SIM cards, and free Wi-Fi hotspots, there are plenty of options for travelers to stay connected during their visit.

How much does it cost for a passport when traveling to Iceland?

Planning a trip to Iceland? Don't forget to factor in the cost of a passport for your travel needs. The price of a passport can vary depending on your country of citizenship and the type of passport application you're making.

Let's break down some general guidelines for passport fees in different countries:

• In the United States, the cost of a new passport book for an adult (16 years or older) is $145, while a child's passport (under 16 years) is $115. Expedited service for an additional fee is available.
• In the United Kingdom, the cost of a standard adult passport is £75.50, while a child's passport is £49. Expedited service for an additional fee is available.
• In Australia, the cost of a new adult passport is AUD $298, while a child's passport is AUD $148. Expedited service for an additional fee is available.

It's important to note that passport fees can vary depending on the country of citizenship and the type of application. Additionally, some countries may require additional fees for visa applications or other travel documents. It's always a good idea to check with your local embassy or consulate for the most up-to-date information on passport and visa requirements and fees.

How much does it cost for insurance when traveling to Iceland?

The cost of travel insurance for your trip to Iceland can vary depending on several factors. These factors include your age, the duration of your trip, the type of coverage you require, and the insurance provider you choose. To help you understand the cost range of travel insurance, here are some general guidelines:

• Single Trip Insurance: For a single trip to Iceland, the cost of travel insurance typically ranges from $50 to $200, depending on the coverage level and duration of your trip. This type of insurance provides coverage for a specific trip and is suitable for travelers who don't take frequent trips throughout the year.
• Annual Travel Insurance: If you're a frequent traveler and plan to visit Iceland multiple times within a year, an annual travel insurance policy might be more cost-effective. The cost of an annual travel insurance policy for Iceland can range from $200 to $800, depending on your age, coverage needs, and the insurance company.
• Comprehensive Travel Insurance: For travelers seeking extensive coverage and peace of mind, a comprehensive travel insurance policy is recommended. This type of policy covers a wide range of scenarios, including trip cancellation, medical emergencies, baggage loss, and more. The cost of comprehensive travel insurance for Iceland can range from $100 to $500 or more, depending on factors such as age, trip duration, and coverage limits.

When considering travel insurance, it's important to shop around and compare policies from different providers. This allows you to find the coverage that best suits your needs and budget. Take the time to carefully read the policy details, including any deductibles or exclusions, to ensure you understand what is and isn't covered.

Furthermore, it's worth exploring other options for travel insurance. Some credit cards and travel booking sites offer travel insurance as a benefit or add-on, which can be a convenient and potentially cost-effective option. Remember, travel insurance provides valuable protection and financial security during your trip to Iceland. By understanding the cost range and comparing different policies, you can make an informed decision that safeguards your travel experience.

How much does it cost for family, couples or single when traveling to Iceland?

When planning a trip to Iceland, it's important to consider the cost of traveling, as it can vary depending on various factors. Here's an overview of the estimated costs for a trip to Iceland:

• Airfare: The cost of airfare to Iceland can vary based on your departure city and the time of year. On average, a round-trip ticket from the United States to Iceland can range from $400 to $1,000 per person.
• Accommodation: The cost of accommodation in Iceland will depend on the type of lodging and location you choose. For budget travelers, a night at a budget hotel or hostel can range from 7,500 to 15,000 ISK (approximately $60 to $120 USD). Mid-range hotels typically range from 15,000 to 30,000 ISK (approximately $120 to $240 USD) per night. Luxury hotels and ryokans can cost anywhere from 30,000 ISK (approximately $240 USD) and above per night.
• Food and Drink: When it comes to dining in Iceland, prices can vary depending on the type of cuisine and the level of luxury. A budget meal at a local restaurant can range from 2,500 to 5,000 ISK (approximately $20 to $40 USD) per person, while a mid-range meal can range from 5,000 to 10,000 ISK (approximately $40 to $80 USD) per person. A cup of coffee typically costs around 500 to 800 ISK (approximately $4 to $6 USD), and a beer can range from 1,000 to 1,500 ISK (approximately $8 to $12 USD).
• Transportation: Transportation costs in Iceland can vary based on your chosen mode of travel and distance. A single metro or train ticket within the city can range from 450 to 600 ISK (approximately $4 to $5 USD). If you plan to take a long-distance bullet train, expect to pay around 7,000 to 12,000 ISK (approximately $55 to $95 USD) per ticket. Taxis and car rentals are additional transportation options that will add to your overall expenses.

Considering all the factors mentioned above, the overall cost of traveling to Iceland can range from a few hundred to several thousand dollars per person. For a trip to Iceland, including airfare, accommodation, food, and transportation, you can expect costs to range from $1,500 to $5,000 per person, depending on your travel style and preferences. This cost range applies to families, couples, and single travelers alike.

It's worth noting that these are approximate estimates, and actual costs may vary depending on your specific choices and travel arrangements. However, by considering these cost ranges, you can better plan and budget for your trip to Iceland.

Methods to Save Money When Traveling to Iceland

There are several ways to save money when traveling to Iceland. By following these tips, you can enjoy all that this beautiful country has to offer while keeping your budget in check. Here are some money-saving tips for your trip to Iceland:

• Visit during the shoulder season: If you can travel during the shoulder season, which typically falls between April and May or September and October, you may find lower prices on flights and accommodation. Avoiding the high season, which is usually during the summer months, can help you save money while still experiencing Iceland's stunning landscapes and attractions.
• Use public transportation: Instead of relying on taxis or rental cars, opt for public transportation options such as buses and trains. Iceland has a well-connected network of buses that can take you to popular tourist destinations at a fraction of the cost of private transportation.
• Eat like a local: Look for local restaurants and street food vendors that offer affordable options. Trying traditional Icelandic dishes like hot dogs, fish and chips, and lamb stew can be both delicious and budget-friendly. Additionally, convenience stores such as Bónus and Krónan offer affordable and tasty meals, including sandwiches and snacks.
• Stay in budget accommodations: Consider staying in budget accommodations like hostels or guesthouses, which are often more affordable than hotels. Many hostels in Iceland offer private rooms in addition to dormitory-style accommodations, providing flexibility and cost savings for travelers.

Take advantage of free attractions: Iceland boasts numerous natural attractions that don't require an entrance fee. Explore stunning waterfalls like Seljalandsfoss and Skógafoss, walk along black sand beaches, visit geothermal areas like Geysir and Strokkur, and marvel at the beauty of national parks such as Þingvellir. You can also find free museums and art galleries in cities like Reykjavik.

By following these tips, you can save money without compromising your experience in Iceland. Traveling during the shoulder season, using public transportation, enjoying local cuisine, opting for budget accommodations, and exploring free attractions will help you make the most of your trip while keeping your expenses in check. Embrace the adventure and beauty of Iceland while being mindful of your budget.

Tips for Traveling to Iceland

Traveling to Iceland can be an exciting and memorable experience, but it's important to be prepared and informed before you go. Here are some useful tips for traveling to Iceland:

• Learn some basic local phrases: It's helpful to learn some basic Icelandic phrases like "hello" ("halló"), "thank you" ("þakka þér") and "excuse me" ("fyrirgefðu"). This can make it easier to communicate with locals and show your respect for the local culture.
• Follow local customs and etiquette: Iceland has unique customs and etiquette rules. For example, it is customary to take off your shoes when entering someone's home. Be sure to read up on local customs and etiquette before you go to avoid any cultural misunderstandings.
• Carry cash: While credit cards are widely accepted in Iceland, some smaller businesses may only accept cash. It's a good idea to carry some cash with you, especially if you plan to visit more rural areas or small towns.
• Use public transportation: Public transportation is a convenient and cost-effective way to get around Iceland, especially in larger cities like Reykjavik. The bus system is well-developed and can take you to popular tourist destinations.
• Purchase a prepaid transportation card: If you plan to use public transportation in Iceland, consider purchasing a prepaid transportation card like the "Straeto Card." This card can be used on most public transportation systems and makes it easy to pay for fares without having to purchase tickets each time.
• Take advantage of free Wi-Fi: Many train stations, convenience stores, and tourist attractions in Iceland offer free Wi-Fi. You can also rent a pocket Wi-Fi device or purchase a SIM card for your phone to stay connected during your trip.

Be mindful of the weather: Iceland's weather can be unpredictable, so be sure to check the weather forecast before you go and pack accordingly. In summer, the weather is generally mild with temperatures ranging from 10 to 20 degrees Celsius (50 to 68 degrees Fahrenheit). In winter, it can be much colder with temperatures ranging from -5 to 5 degrees Celsius (23 to 41 degrees Fahrenheit). It's important to dress in layers and bring appropriate clothing for the season. By following these tips, you can have a smoother and more enjoyable trip to Iceland.

Trip to Iceland Cost

Are there any budget-friendly activities to do in Iceland?

How much should i budget for fuel expenses in iceland, are there any entrance fees for popular attractions in iceland, are there any hidden costs when traveling to iceland, is it necessary to book tours in advance, and what is the average cost.

• 1. How much does it cost for 2 nights and 3 days when traveling to Iceland?
• 2. How much does it cost for flights when traveling to Iceland?
• 3. How much does it cost for hotels when traveling to Iceland?
• 4. How much does it cost for food when traveling to Iceland?
• 5. How much does it cost for souvenirs when traveling to Iceland?
• 6. How much does it cost for transportation when traveling to Iceland?
• 7. How much does it cost for sightseeing when traveling to Iceland?
• 8. How much does it cost for Wi-Fi & communication when traveling to Iceland?
• 9. How much does it cost for a passport when traveling to Iceland?
• 10. How much does it cost for insurance when traveling to Iceland?
• 11. How much does it cost for family, couples or single when traveling to Iceland?
• 12. Methods to Save Money When Traveling to Iceland
• 13. Tips for Traveling to Iceland

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Hiking , Iceland

A guide to solo hiking the laugavegur trail + fimmvörðuháls trail (5-day itinerary)).

In August, I hiked the Fimmvörðuháls Trail and Laugavegur Trail in Iceland . Here you can use my guide to research and plan your epic adventure to Iceland.

The Laugavegur Trail is a hike I wanted to do after I visited Iceland on a road trip around the island in a campervan , in 2017. I only did short walks and I wanted to return to do more. The second trail, the Fimmvörðuháls Trail was one I’d not heard about, but when I started researching I realised that the two trails were linked so doing them both made sense!

The first step was learning how to pronounce the trail names. After a Google search, I found how to say Laugavegur is Loo-ga-vey-gur and Fimmvörðuháls is Fim-ver-der-hous. Good luck with the other Icelandic names, they are tough!

Here I will include all the useful information for planning your hiking trip to Iceland, plus my hiking kit list and other handy information. I will also answer the ‘frequently asked questions’ to help you plan your hike, from when you can hike the trail, what the weather is like, food and water on the trail plus loads more.

Please note, that this is a detailed guide (hence it’s big), you might want to grab a drink and a notebook or bookmark this page to read when you have the time. You can expand the contents to jump to the sections you want to read.

Please pop your questions in the comments below or pop me a message via Instagram @beckythetraveller

Planning my hiking trip to Iceland

First, I’ll start with all the things I booked in advance, from my flights, transfers, accommodation and buses.  I hiked the trail solo and independently so I arranged everything myself. If you prefer, some companies can do it for you, but this costs more. It was all easy to book online and I’ve included all the links so you can book directly from my post (if you want!)

Flights to Iceland

Both EasyJet and Icelandair fly to Iceland. I checked out prices and flight times and selected EasyJet, flying from London Luton Airport. They also fly from Manchester (and other UK locations) but Luton has the better flight dates, times (and costs). 

My outbound flight was in the morning, at 07.05, arriving in Iceland at 09.05. Then my return flight is also in the morning at 09.15 and arriving back in the UK at 13.10. The flight time is 3 hours on the way there and about 2 and a half hours on the return. The 1 hour time difference means you gain an hour on the way there, and lose one on the way back.

What luggage allowance to choose?

The EasyJet luggage allowance included a small under-seat cabin bag (45 x 36 x 20 cm)*. Then I had a few options for adding on extra cabin luggage or a hold bag. Read below to get the best deal before you book.

I took hiking poles and tent poles (most airlines don’t allow them in the cabin luggage) I opted for additional hold luggage instead of a cabin bag.

When you make your booking, you’re initially given the option to add 23 kg of hold luggage. This was an extra £50.98 (each way), so another £100+ on my flight costs! I had a 55-litre backpack which I used on the trek so I didn’t need 23 kg. If you ignore this option when you book the flights then you can add a smaller hold bag, which is cheaper. I paid £30.24 for a 15 kg hold luggage. My bag weighed 12 kg.

Flights costs were £140.32 + £60.48 (hold luggage) = £200.80

I drove to Luton Airport so I also booked the long-stay car parking which was £129.99 for 10 days. There was a free shuttle bus every 20 minutes, which took 10 minutes so allow some time for this when arriving (the bus I was on was full and drove past some stops!)

*Correct at the time of writing.

You can read my detailed breakdown of costs for this trip below.

Keflavik Flybus Airport Transfer

It’s about an hour from Keflavik Airport to Reykjavik. For ease, I booked the Flybus Airport transfer for both my outbound and return flights. The bus is direct to the BSI bus station which is approximately 45 minutes. Then you can take a shuttle bus from the bus station to your hotel (included in the price).

The shuttle bus stops at various points in Reykjavik, with numbered stops. You can check the website beforehand so you know where you need to get off, but the driver also reminds you which one! The buses run almost hourly (24 hours a day), I walked straight out of the airport and there was a bus there so no waiting.

Book your bus here: Reykjavik Excursions or book via GetYourGuide (note, there are cheaper options if you travel straight to the bus station so pick the right option).

I booked a return ticket which cost £54.22. My bus stop is number 8, which stopped close to my accommodation at B47 Hostel

Accomodation in Reykavik

I booked hostel accommodation in Reykjavik for my arrival day and also departure day, plus an extra day after my trip, so 3 nights in total. This allowed me time to buy food supplies and camping gas before my hike. And time for shopping and exploring afterwards.

My accommodation via Booking.com: Hostel B47 I booked a 6-bed female dorm, which cost £43.30 per night.

There are a few hostels in Reykjavik, some with camping options, dorms and private rooms. I selected a dorm room, but one of the smaller ones. There are cheaper accommodation options but they are sharing a 30+ bed dorm room, no thanks. I also chose my hostel based on its distance to the BSI bus stop, where I caught my bus to the start of the hike in Skogar.

The hostel was located in a large building, with the ground and first floor, I was on the first floor where there was a large social area, a small kitchen (there’s a bigger kitchen on the ground floor) and separate showers and toilets. My room was clean and spacious with plenty of plug sockets and a dark blind to ensure you have a good night’s sleep.

Check out other hostels here: Dalur -HI Eco Hostel , Kex Hostel , Baron’s Hostel , B14 Hostel

View all other accommodation options in Reykjavik via Booking.com here.

Things to do in Reykjavik

I have visited Reykjavik before (in 2017), so I did some activities from my ’10 Free Things to do in Reykjavik’ and enjoyed walking around the city and Reykjavik Harbour.

On this trip, I did a similar thing, walking around the city, eating food and enjoying the sites. Plus popping to the supermarket for some lunch supplies for the hike.

Read my guide here for how to travel on a budget in Iceland . There are a few tips I’ll be using on this trip, like bringing food from home in my hold luggage.

Hiking the Laugavegur Trail + Fimmvörðuháls Trail

Here’s the section on hiking the Laugavegur Trail and Fimmvörðuháls Trail! You can find all my planning for my hike, including how to get to the trail start, how far it is, which way I hiked the trail, plus loads more useful information. You’ll find my kit list in the next section.

I opted to hike the trail in the opposite direction, most people hike north to south, but I decided to switch and hike it south to north. You can read more below why I chose to do this. But first, I’ll answer a few important questions:

How long is the trail?

The length of the Laugavegur Trail is 55 km and the Fimmvörðuháls Trail is 25 km. 

The distance for the Fimmvörðuháls Trail is quoted differently in places, I’ve seen 22 km, 24 km and 25 km; however, if you are adding it onto the Laugavegur Trail then you’ll need to hike a few km between the trails which makes the total distance longer.

If you hike both then you’ll be hiking approximately 83 km, allowing for the extra in the middle.

Where does the trail start?

The official Laugavegur trail starts in Landmannalaugar and finishes in Thórsmörk. However, there is some bonus hiking to be done (completely optional) so you can continue from Thórsmörk on the Fimmvörðuháls Trail to Skogar, finishing at Skogafoss waterfall.

I hiked both trails but I chose to start in the south, beginning my hike in Skogar and finishing in Landmannalaugar.

How to get to the start of the hike?

There are two bus companies you can use to travel to the start of the trail – Reykjavik Excursions and Trex, they cost the same but offer different bus times. They also have different pick-up and drop-off locations in Reykjavik.

I booked my ticket to the start with Reykjavik Excursions (Highland Bus), costing £51.56. It left the BSI bus terminal at 07.00 and arrived in Skógar at 09.45 (2 hours 45 mins). I didn’t book my return until I’d finished the trail as I wanted flexibility to choose between two dates. 

Due to the bad weather on my departure day, I ended up booking a ticket with the Trex bus which was the earliest one departing Landmannalaugar. I left on the 14.30 bus which arrived back in Reykjavik at 18.20 (3 hours 50 mins). This ticket cost £71.76.

How long does it take to hike the trail?

If you do the traditional Landmannalaugar and finish in Thórsmörk, this is done on average in 4 days. If you’re adding the Fimmvörðuháls Trail to Skogar then you’ll need to factor in an extra day or two.

The huts on the trail (and the campsites are spread on the trail, roughly 12-16 km apart).

I planned to take 3-4 days to hike the trail (with the add-on to Skógar) so hiking between 20-25 km per day. I allowed extra days on my trips to allow flexibility and bonus hikes. I ended up taking 5 days to hike the two named trails, two days on the Fimmvörðuháls Trail and three days on the Laugavegur Trail.

In addition, I did some bonus hikes each day. I also spent two days at the end of the trail in Landmannalauger to do some day hikes in the area. I’d highly recommend this. Details below on my hikes.

When can you hike the trail?

There is a very small window that you can pick to hike these trails. The trail opens in mid-June and closes in mid-September, these dates are flexible if bad weather or heavy snow comes earlier then the hut wardens might decide to change them.

I picked August for my hike as I hoped that the weather would be better and I also there would be less snow on the trail as the majority of it would have melted. This meant it would be easier for hiking and also the river crossings wouldn’t be as deep/strong. Ironically, two days after I hiked the trail, snow fell on the trail! You can never predict Iceland’s weather.

Which direction should you hike the trail?

Hiking north to south.

This is the official direction to hike the Laugavegur trail. The hike from Landmannaalaugar to Hrafntinnusker (11.7 km/7.3 miles) is one of the toughest sections. If you are hiking south there is 680 m/2,231 ft of ascent and you reach the highest point on the hike at 1,050 m. Generally, the weather is worse because of the elevation and remote mountain locations. If you can survive this weather, then the rest of the trail (in theory) should be better.

If you are planning to stay in the huts then you can ONLY book these if you are hiking north to south. If you are camping it’s fine to hike in either direction and book the campsites day by day.

You might read that the views in some instances are better hiking south; however, you simply need to remember to turn around to stop and enjoy the view so I don’t feel this is a bit factor in choosing the direction.

Hiking south to north

Firstly, although the distance will be the same, if you hike south the north you will hike more ascent because the start point at Skogar is 25 m above sea level and Landmannalaugar is 585 m above sea level.

If you start in Skogar, the total ascent is approximately 2,500 m with 1,900 m descent, it’s reversed if you start in Landmannalaugar, so you’re roughly hiking an additional 600 m over the two trails (83 km in total).

The Fimmvörðuháls Trail is deemed to be the tougher of the two trails, so people opt to do this at the end, which means they have the choice based on how they found the rest of the trail.

Why did I choose to hike the trail from south to north?

My reasons are personal to me, however, they might resonate with you so I thought I’d pop them here!

• I love waterfalls so beginning my hike in the south meant as I walked north I was able to see every waterfall in its full glory as I hiked towards them.
• I wanted to hike with fewer people around me, by hiking north it meant I had the start and end of each day on my own, and passed most people in the middle part of my day.
• I wanted a relaxing experience without feeling like I was in a hiking procession, overtaking hikers or having them pass me. (I get competitive at times so this can influence my pace).
• But the main thing is that I wanted to end my hike in Landmannalaugar, for four reasons: 
• Landmannalaugar has a hot springs which for me is the perfect end to any hike.
• I’d read that the Rainbow Mountains were a highlight of the trail and therefore a stunning way to end my hike
• I wanted the option to spend extra time and do day hikes from Landmannalaugar – there are loads of great trails you can do from here, unlike Skogar which doesn’t have any. More details below.
• There were more bus options for my return journey to Reykjavik, allowing great flexibility

My Iceland hiking itinerary

Here’s how I split my hiking trip to Iceland, over the two trails plus my day hikes from Landmannalaugar, including the distances and total ascent I hiked each day.

Fimmvörðuháls Trail

• Day 1 – Skogar to Baldvinsskáli Hut (Fimmvörðuháls Trail) – 13.7 km/1,002 m
• Day 2 – Baldvinsskáli Hut to Thórsmörk (þórsmörk) – Langidalur Hut (Fimmvörðuháls Trail) – 14.3 km/332 m
• Day 2 – Bonus hike from Thórsmörk (þórsmörk) – (Tindfjöll Circuit) – 11 km/360 m 

Laugavegur Trail

• Day 3 – Thórsmörk (þórsmörk) – Langidalur Hut to Emstrur-Botnar (Laugavegur Trail) – 16.2 km/680 m
• Day 3 – Bonus hike from Emstrur-Botnar (Markarfljótsgljúfur Canyon) – 4 km/100 m
• Day 4 – Emstrur-Botnar to Álftavatn (Laugavegur Trail) –   16.2 km/435 m
• Day 5 – Álftavatn to Landmannalauger (Laugavegur Trail) –  23.8 km/955 m

Landmannalaugar day hikes

• Day 6 – Landmannalaugar full-day circular hike (Ljótipollur crater lake, Stútur crater and Norðournámur mountain) – 18.3 km/818 m
• Day 7 – Landmannalaugar short circular hike – 5 km/183 m

What would I have done differently?

I was happy with how I split my day’s hiking, with my bonus hikes and add-ons I hiked between 14-26 km each day, some of those miles without my bigger backpack.

On my first day, I thought about delaying as it was forecast heavy rain. It was the type that soaks you, but the following day was good weather and since day one was all about the waterfalls I decided to go ahead with my plan. If it had been good weather, I’d have probably continued to Thórsmörk (þórsmörk) as the trail was mostly downhill but it turned out a night in the Baldvinsskáli Hut was fun. As a camper, this is the only hut you’re allowed inside, as it also doubles as an emergency shelter for day hikers and campers.

I loved my second and third days, hiking on the trail, setting up camp early and then heading off for bonus day hikes without my backpack, it was fun to hike with the freedom of no weight!

Day 4 was great, however, if I had more time, I’d have added another two days into this section. A day for doing the day hikes from the Hvanngil Hut and another to do a day hike from Álftavatn. These locations are in the heart of the trail and the scenery was mind-blowing, I’d have certainly enjoyed doing some long day hikes from these spots.

And my final day, I opted to hike up to the hut at Hrafntinnusker but then continue to Landmannalaugar, instead of splitting this into two days. I did this for two reasons, firstly, I felt that the distance was achievable in a day, without needing to rush the section. It took me 7 hours and 45 minutes. Although the main reason is that the temperature had dropped and the wind had increased. The thought of camping at 1,032 m at the hut when there is limited shelter from strong wind gusts didn’t appeal so heading down to 585 m made sense.

More useful information about the trails

Here you can read more useful information about the trails and what to expect in terms of the terrain, difficulty, way-marking and of course, the river crossings!

About the Fimmvörðuháls Trail 

I’ve read that this trail is deemed to be tougher than the Laugavagur Trail. I agree in parts. The first section from Skogar up to the Baldvinsskáli Hut, is a straightforward trail. It runs alongside the Skoga River so in terms of navigating it’s easy to follow and there’s not much technical ground. After crossing the bridge you then follow a wide track to the hut, again, this is easy to hike on and navigate.

The tougher section is after the Baldvinsskáli Hut, you head down and across volcanic terrain, a combination of black sand, ash and slabs of snow/ice. I worried that I needed my microspikes, but the ash meant it wasn’t icy! You’re following bright yellow snow poles here, spread fairly close so they are easy to spot.

The trail splits and one way goes via the Fimmvörðuháls Hut, but I stayed on the main trail heading uphill and then past the newly formed craters of Magni and Möði. They are worth a detour (in good weather).

You then have a steep descent, with epic views so it’s worth taking your time. At the bottom, there is a small exposed section with chains. It’s about 50 m, but with a big backpack, it felt a little scary. I hiked with my body weight leaning towards the side and took my time.  

The terrain is now noticeably more green and you continue your descent to the valley. The first hut you go past is Básar, then you have your first river crossing to reach the hut at Thórsmörk. There is a metal mobile bridge over the deepest/strongest section of the river, then you walk the other shallower parts to the finish.

About the Laugavegur Trail 

This trail begins on a lovely path from the campsite at Langidalur Hut and then takes you uphill before descending to your first river crossing. This is known as the most challenging on the trail, so hiking north means you do the hardest one first! Read more about Iceland’s river crossings below.

The route is well-marked and there are beautiful views, a good chunk of the first day is easy trails, long flat sections intersected with a few inclines. There’s an impressive lookout down to the river before you head downhill and make your way to a narrow path (with a handheld chain) and a bridge over the raging river! And then, a steep uphill to a viewpoint where you can see Emstrur-Botnar.

After this hut, again the trail is fairly easy and mostly flat, there’s a river crossing early on (which I used stones to cross) and then another one with a bridge this time. Just before the Hvanngil Hut, there’s a wide river crossing, followed by another bridge before reaching this hut. And as you leave there’s another steep uphill as you walk through fields of bog cotton before a descent to another river crossing just before you reach Álftavatn.

The hut and campsite at Álftavatn is next to a beautiful lake with mountains surrounding it, the perfect spot to spend the night. From here, you follow a wide track before the final river crossing of the trail. This one has a rope to assist, but luckily I also managed to use the rocks to navigate across this one. There’s a big uphill section, again, it’s steep and tricky in places.

Once you reach the top the terrain completely switches up a gear. The colour of the rocks changes to yellow and oranges, and there’s a lot of evidence of geothermal activity.  

About 6 km in the distance you can see the Hrafntinnusker Hut but this section is deceiving as you need to hike up and down across the barren ash plains. It’s steep both up and down, with muddy paths meaning it’s challenging, especially in wet weather. You also need to look out for snow bridges, and avoid walking on these!

Once you reach the hut at Hrafntinnusker there’s a short ascent before you then begin descending to Landmannalaugar, with lots to see on the route and then amazing Rainbow Mountains at the end this hike delivers right up util the finish.

What are the river crossings like?

For many, river crossings are not a normal part of their hikes. Most people would opt to walk around or use a bridge, however, in Iceland, you don’t have that luxury.

In total, across the two trails, there are 6 river crossings on the map. Two of these have multiple crossings so it feels like you’re doing more. This is the Krossá River between Þósmörk (Thósmörk) and Básar and also, the Þröngá (Thröngá) River shortly after Thósmörk or just before if you’re hiking south. If you are finishing (or starting) at Þósmörk (Thósmörk) then you can skip this river crossing as the overland bus fjords the river to pick you up.

River crossings (in order from south to north)

• Krossá River between Thósmörk to Básar
• Þröngá River (3 km after Thósmörk)
• Unnamed river (2.5 km after Emstrur-Botnar Hut)
• Bládfjallakvisl River (1.5 km before Hvanngil Hut)
• River Brathálskvisl (2 km after Hvanngil Hut) 
• Grashagakvisl River (4 km after Álftavatn Hut) 

Notes for each crossing*

• You only need to cross this if you’re continuing to the Fimmvörðuháls Trail. There is a metal mobile bridge over the deepest/strongest current but then you need to walk through the smaller streams
• This is known as the toughest crossing, the river is split so you end up crossing two smaller sections and one deep/strong section. The water was strong in the middle and the water splashed up to my knees but the depth was below knee level.
• The water level was ankle deep and I used stones to cross – I didn’t realise it was the official crossing until about 1 km later.
• This was the widest river crossing, and strong in the middle (not as bad as the first one). Note DO NOT cross at the road, this is much deeper, walk left and cross where the water split between land and it is noticeably shallower. It was just below knee-deep.
• This was a short crossing, not particularly strong, it was shin-deep in the centre. Not challenging.
• The final crossing was noticeably deep and there was also some rope between two rocks; however, the water was shallow enough so that I could cross safely on dry rocks.

*Information based on when I crossed in August 2024. I am 5 ft 7″ – if you’re wondering!

My tips for river crossing in Iceland

Firstly, I hiked the trail in August, although it rained on my first day the rest of the hike was relatively dry. Also, if you hike earlier in the season (from mid-June to July), the river levels are likely to be higher due to increased snowmelt.

I’m a qualified Summer Mountian Leader in the UK , so my tips are based on my Mountain Leader Training Qualification and previous experience.

Planning before your hike

• Pack an additional pair of footwear for the river crossings, I used my Teva Sandals, but you can also use water shoes or Crocs. Do not wear flip-flops (the power of the water will pull these off your feet – which happened to two hikers I met).
• Ensure all your kit is packed in a waterproof bag (inside your backpack). If do do fall, at least your clothes and sleeping bag will stay dry.
• Pack a small towel so you can dry your feet on the other side.
• Bring a Caraniner to clip your footwear to your bag so you have both hands free.
• Take hiking poles, these will also be useful on other parts of the hike but you’ll be glad to have them when crossing the rivers too.
• Consider what you will wear ie trousers, leggings or shorts (I hiked in shorts but many people wear trousers so think about how easy these are to roll up)

Crossing the river

• First plan where to cross – the widest sections of the river will likely be the shallowest but also look for any white water as this will be dangerous as the current will be stronger.
• Once you’ve picked a point, make sure you can get out on the other side
• Change into your footwear, remove knee supports and roll up trousers/leggings (or remove them)
• Unclip both your chest and waist strap on your backpack (if you fall you can easily remove it).
• Take your time when crossing, take small steps and don’t rush.
• If you are unsure, then wait for fellow hikers and cross together.

Once you’ve crossed the river make sure you get your warm layers back on straight away, the water is ice cold and it can also bring your body temperature down so it’s important to get warm socks and shoes on and get hiking to get the blood pumping around your body and back to your feet.

You can find more information, plus some videos of my river crossings on my Instagram @beckythetraveller

Laugavegur Trail + Fimmvörðuháls Trail Kit List (Hiking + Camping Gear)

Here is my list of what I took on the trip, from my camping kit, and hiking items, to what I wore and also what food I packed for the trip.

I packed everything in my Atom Packs 50-litre backpack, with expandable sections adding an extra 5 litres. This is a great lightweight pack (it’s frameless) but I’ve used it for a couple of trips, including travelling around Costa Rica and also hiking the 200-mile Pembrokeshire Coast Path .

Camping kit

• Tent – MSR Access 1 (4-season tent)
• Tent groundsheet – MSR footprint
• Sleeping mat – Thermarest X-Therm
• Sleeping bag – Thermarest Hyperion (900-fill 0 degrees comfort/-6 limit)
• Pillow – Thermarest Air Head
• Sleeping bag liner – Thermarest

Cooking gear

• Stove – MSR Pocket Rocket Deluxe (with self-ignitor)
• Camping pot – MSR pot)
• Gas medium size (bought in Iceland)
• Lighter (bought in Iceland)
• Long spoon – MSR 

Hiking clothes

• Hiking shoes – Salomon Ultra Glide 2
• Hiking sandals (for water crossing/camp) – Tevas
• Waterproof jacket – Salomon 
• Windproof jacket – Hoka lightweight
• Waterproof trousers – Salomon Bonatti
• Warm down jacket – Salomon
• Mid layer/hoody – Salomon 
• Hiking shorts – Salomon 
• T-shirt – Salomon Tee
• Long-sleeved base layer (top + bottoms) – Polypro 
• Spare t-shirt + leggings (camp/sleepwear)
• Warm beanie – Salomon
• Cap – 
• Gloves x 2 (Montane warm winter and Merino liner gloves)
• Mittens x 2 (Salomon lightweight waterproof mittens)
• Hiking socks x 4
• Waterproof socks x 1
• Underwear x 4
• Sports bra x 2
• Bikini 

• Water bottle and soft flask – Salomon
• Water filter and bladder – Platypus
• Hiking poles (Black Diamond running poles)

Other items

• Sun cream – Premax 
• Body/face wipes
• Small towel (bath towels are included at my hostel)
• Small notebook and pen
• Ear plugs + eye mask
• Toothbrush and toothpaste
• Shampoo and soap
• First aid kit
• Coffee bags x 7
• Peppermint tea bags x 8
• Camp meals x 7 (Mix of Summit to Eat and Torq Camp Meals)
• Porridge x 8 (Moma porridge pots/sachets – decanted into bags)
• Snack bars x 15
• Pepperami sticks
• Kendal mint cake x 2 (small bars)
• Lunch – I bought this when I arrived in Iceland

Iceland trip costs

Iceland is an expensive country to travel to, however, there are things you can do to reduce the costs. I have included my costs here for travelling to Iceland, transport costs and accommodation whilst I was there and also the costs of my hike. Below you can also read my suggestions for how I could have saved more money on my hike.

Travelling to Iceland

• Airport parking (10 days) £129.99
• Fuel costs (Nottingham to Luton) return £60 (approx)
• Flights including extra for hold luggage £200.80

Sub-total £390.79

Transport, accommodation and food in Reykyavik

• Airport transfer (outbound and return) £54.22
• Hostel – 6-bed dorm (3 nights in Reykjavik) £131.99
• Dinners x 4 (Icelandic Street Food – photo above (Unlimited soup + drink) £20.41, Vitabar (burger + beer) £18.14, New York Pizza + beer £27.96, 101 Street Food (Icelandic soup + beer) £18.66 = £85.17
• Lunch + other meals Savory crepe + drink £17.14, Cinamon bun £4.31, Takeaway Hot dog £6.16 
• Grocery shopping (breakfast bars + bananas) – £2.44

Sub-total £301.43

Transport costs to/from the hike

• Transport to the start of the trail in Skogar £51.56
• Transport from the end of the trail in Landmannalaugar is £71.74 (Trex bus)

Sub-total £123.30

Costs on the hike (accommodation and food)

• Grocery shopping (lunch/snacks for hike bought in Reykyavik) £21.62
• Campsite costs x 6 nights (Baldvinsskali £17.68, Thorsmork £17.42, Emstrur £17.66, Alftavatn £17.66, Landmannalauger x 2 £35.08) = £105.50
• Medium gas canister – £9.19
• Food on the trail (and at the end) (Soup and hot drink at Alftavatn £16.91, Food at Landmannalauger crisps £5.01, soup and drink £13.35, hot chocolate £5.32, soup £10.09)

Sub-total £186.99

Total costs for my Iceland trip

These are the costs for my 10-day trip to Iceland, if you exclude my costs for travelling to Iceland (£390.79), then my total cost for my 10 days in Iceland was £611.72, and half those costs were from spending 2 days/3 nights in Reykjavik. 

• Travel costs to Iceland £390.79
• Transport, accommodation and food in Reykyavik £301.43
• Transport to/from the hike £123.30
• Cost of the hike (accommodation and food) is £186.99

Total costs = £1,002.51

Travelling on a budget in Iceland

As you can see when you look at my breakdown of costs for my hiking trip to Iceland I did aim to do it on a small budget. However, there were lots of ways I could have made my trip cheaper. Here are my suggestions below:

• Spend less time in Reykjavik – as you can see from my costs, the biggest spending was in the city, both accommodation and eating out. To reduce these costs I could have booked fewer days or instead of staying in a hostel, I could have camped in Reykyavik.
• Food costs in Reykjavik – I chose to eat out every evening (4 nights), I did pick lower-priced restaurants but to save more I could have bought food from the supermarket and cooked at the hostel.
• Pack more food from home – I took enough meals/snacks for my hike but packing some extra food for after my hike (my 2 days in Landmannalauger) would have saved some money. 
• Don’t drink beer – I had 3 beers on my trip, which might not seem a lot but at roughly £10 each, that’s another £30 I could have saved on my trip.
• Camp meals – this was a big saving for me, in the UK, I buy my camp meals from Base Camp Food, a company that sells different brands so you can mix and match which means you take. At the camp shop in Reykjavik, these meals were double the cost.

Laugavegur Trail FAQs

How difficult is the laugavegur trail.

I read a few guides about hiking the trail in preparation for my trip and I was confident that I wouldn’t find the trail too challenging. My biggest concerns were the river crossings and the unpredictable weather but both of those were fine. 

In terms of the terrain, the Fimmvörðuháls Trail had the trickier sections, a lava field, a small exposed section and a couple of steep rocky descents (or ascents if you were heading north) but then it also had some good trails and tracks to hike on.

The Laugavagur Trail again, had some steep ascents and descents, but mostly the terrain and paths were good. There were a couple of sections where the path disappeared due to the terrain, but the trail markings were good so I didn’t struggle.

I’d say a good level of UK hiking experience, in different weathers will ensure you’re as prepared as you can be for hiking in Iceland. 

What is the best time of year to do the hike?

After researching, the best time of year is between the end of June to mid-September. My first trip was mid-June and it was still cool in the evenings but the main thing in Iceland is the crazy winds! But hopefully, in August, it’ll be perfect weather, or at least good enough to hike and camp!

Can you hike the trail without a guide?

Yes, you can hike it without a guide, that’s what I did. I have hiked numerous trails solo and felt I had a good level of experience to hike the trail solo. Interestingly I did spot signs, saying ‘Never hike solo’, I guess for a first hiking trail this might not be the one to pick as the weather and terrain can be tough at times so you need to be prepared. I did spot a few other solo hikers but I was the only solo person (that I know of heading in the south the north direction). If it is your first solo hike I would recommend hiking north to south as you’ll be around a lot more people each day so if you need help it’s more easily available.

Are there bugs on the trail?

This might be the first hiking trail I’ve done where there were no bugs on the hike, well, none that I saw anyway! No midges, mosquitoes or other annoying bugs that bring you out in bites. That’s not to say that you’d never get them, however, hiking the trail in August, I had a mix of warm and cold weather, some windy days and some very calm and I didn’t see or feel anything.

How many river crossings are there?

In total, over the two trails, there were six river crossings, varying from very easy to hard. You can read my detailed information and top tips in the river crossing section above.

And if you watched my Instagram stories of crossing the rivers, then I can confirm they were freezing cold!

What challenges were specific to hiking in Iceland?

I would say the main challenges in Iceland were the river crossings and the weather. There can be bad weather anywhere you hike, but Iceland is remote in places, with zero shelter for large sections of the hike so if the weather is bad then you only have your clothes and kit to protect you.

In addition, camping can be challenging due to Iceland’s weather, the wind gusts can be strong and they can break tents, so ensuring you’ve pitched it well is important. I found that even when the wind speed was fairly low, for example, 10-15 mph, the wind gusts could be between 30-35 mph. You noticed them hit when you were in your tent! My top tip is to pitch your tent well, but also take earplugs so the wind doesn’t keep you awake.

Can you wild camp in Iceland?

Before my trip, I reached wild camping in Iceland. On the trail, wild camping is not allowed in the Fjallabak Nature Reserve, which is the section between Landmannalaugar and (just before) Álftavatn Hut. Also, you are not permitted to wild camp around Skogafoss, but there is a campsite here.

On the remainder of the trail, I did spot a couple of suitable wild camp spots, however, for this trip I opted to stay at the campsites, so I had access to toilets, water and the all-important weather updates that the wardens at each hut provide.

What did you do for navigation?

For my hike, I had a few different navigation tools. On my phone, I downloaded each section of the trail (for offline use) from my Komoot App. I also bought a guidebook, which included detailed navigation instructions and I also bought a map which had both trails on and I took my compass with me. The map also had a QR code for the GPX file.

Each night, I researched the trail ahead, checking the map to see what challenges I was going to come across and how much ascent I was going to do. I also looked at where the river crossings were on the map (as this determined what I started hiking in). For example, I hiked in shorts most days, putting on my waterproof/windproof trousers if the weather was bad, but if I had a river crossing 3 km from the hut I would leave these off until after I’d crossed. Personally, my legs don’t get too cold so as long as my core was warm I’d be ok for a few km in shorts.

Was the trail easy to follow?

Each day, I mostly used the guideposts to navigate the trail, there were wooden stakes with blue marks on them on the Laugavegur Trail and in some places, there were bright yellow snow poles which led the way. I was fortunate to have good visibility on most days, but I can imagine some parts of the trail would be more challenging in bad weather. Overall, I didn’t have any navigation challenges.

On the Laugavegur Trail, in addition, there are detailed signposts, with distances and useful information, there are 28 of these in total, (they are numbered, I didn’t count them). These also provide the elevation, nearby challenges/dangers and where the nearest shelter is (in time).

Do you need to carry all your food?

Yes, you need to carry all your food for the trip. The huts have a few basic supplies, porridge pots, noodles, chocolate bars and soft drinks (some alcoholic too).

I have shared what food I took for the trip above so you can use it for inspiration for your trip.

There was one restaurant on the trail, at the Álftavatn Hut, they also had a small bar too. They offer one option for lunch and one dinner, I popped in when I arrived and was still in time for the lunch which was a lovely hot Tomato Soup and a hot drink.

Is there Wi-Fi or phone service in any of the huts?

On the trail, there was no Wi-Fi in any of the huts, except the privately owned Volcano Huts at Thórsmörk. 

As regards phone service, as the UK are no longer in the EU my phone provider charges an additional £2.47 per day to use my data. I chose to keep my phone in Flight Mode for the entire trip, except at Landmannalaugar when I needed to turn it on to book my bus ticket back to Reykjavik (you can’t buy them on the bus). This was to enjoy a phone detox but also to preserve my phone battery so I could take lots of photos and videos of my trip.

However, some fellow hikers, also hiking south to north, had their phones on and they had some phone signal every day on the trail, I can’t confirm where the ‘dead’ spots were but I can imagine there would have been a few due to large sections hiking in the valleys.

The main reason I would have used my phone would be for weather updates, but the wardens at each hut provided the daily weather forecast and for the following day too.

If you have any more questions then pop them below. I’ll be updating this guide as I plan my trip and once I return I’ll add lots more detail and useful information.

Becky the Traveller

2 thoughts on “ a guide to solo hiking the laugavegur trail + fimmvörðuháls trail (5-day itinerary)) ”.

You will love this. I hiked it a couple of years ago, over four days. One of the best walks I’ve done. I also hiked it in the less popular direction which has several advantages. The bus times are better. You get the landscape to yourself for the first half of each day. You face all the 25 waterfalls on the first day. You finish with the magical descent into Laugavegur and jump into the hot springs. 🙂

Ah thanks Tony, that’s great to hear, I’ve not found many people that hiked it that way around so it’s lovely to hear your thoughts and I can’t wait to jump into those hot springs! Happy hiking 🙂

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