This sight was very insightful. If you go to the Blue Lagoon, book the cheapest time slots. Car parking used to be free pretty much everywhere in Iceland, but this has changed. As you mentioned 1500 USD’s per head for a week is expensive (dine out every eveing). So, a trip to Iceland for two people costs around kr307,396 for one week. So it really depends on where you go. Sterna Travel offered the cheapest South Coast bus tour and the value was incredible! Most natural landmarks still have free parking, some others charge a small fee. Lastly, use the Appy Hour app to find cheap drinks in town. A traveler with a camera and a mom of three boys. They also lead pub crawls, running tours and private tours. Most meals at dinner will be at least 40-50 USD. Compare and reserve flight deals and promotions for your trip to Iceland now! 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). Insurance costs and all kinds of extras might mean that the cheap car rental turns out to be more expensive than you first thought. These tips are based on my book Iceland: Nature, Nurture & Adventure. It’s much easier and faster to book a shuttle bus. If you just stick to the Ring Road, in September, you can just rent a regular car. Their rooftop patio is also a great place to scope out the city skyline. Also, we are just back from yet another trip and found that food prices at the restaurants were really affordable in the North and often much too expensive in the South. The costs of camping in Iceland depend a lot on when you travel and how you decide to camp – using a tent, a small campervan, or a big motorhome. well, that depends on you. So much depends on when you travel, what kind of a car you rent, which accommodations you choose, and how often will you be dining in the restaurants. ICELAND TRAVEL BUDGET. In general, I would count at least 1500 USD per week per person, not including the flights. Some of our favorite lesser-known places in Iceland: If you found this post useful, don’t forget to bookmark it and share it with your friends. Tipping isn’t mandatory in Iceland. Glad to help, Alexandra. On our last trip to Iceland, we went with the whole family (2 adults and 3 kids). Many tourists consider buying traditional wool Icelandic sweaters. Discover how this simple tool can estimate your total trip cost, gas mileage, gallons … Iceland has a reputation of being a very expensive trip destination. I would have missed so much if I was on my own! Book a Cheap Flight. I often say that the definition of what’s expensive is different for everyone. Thank you! The sky is really the limit when it comes to restaurant prices in Iceland. I hope this has helped you in planning a trip to Iceland and answered some of your how much would a trip to Iceland cost, how much money for a trip to Iceland is needed and is Iceland expensive questions. You can find more suggestions and prices for your trip in our Iceland accommodation guide. We didn’t even take cash on our last trip, not at all. However, when it comes to budgeting for Iceland, no matter where you come from, or what you compare it to, traveling in Iceland is expensive. This statement is based on the current law, as well as experiences of quite a lot of people who I know safely explored Iceland in winter in a regular car. I would have missed so many hidden gems if I skipped this tour. Learn how your comment data is processed. With the car, about 130 EUR/pp/day. At the time, this was the cheapest flight that I’ve ever seen to Reykjavík on a non-budget airline. This helps me figure out what my expenses will be like when I go for the first time. Gray Line Iceland also offers promo codes right on their website. Would I go back? Thanks! I’m thinking of going in January for 3 days. We were there for 11 days/ 10 nights and visited more off the beaten path areas (see our North and West Iceland 10 day itinerary). For more suggestions on what to wear in Iceland, please check our Iceland packing tips for summer (June-September) and our Iceland winter packing list (end of September-May). Please check our Iceland travel guide for the entire selection of articles. You can find all the practical information about public transportation on the website of Straeto, the Icelandic public transport company. So not counting the flights and the rental car, we spent about 100 EUR per person per day. Ugh….duh! Before we continue with some real-life examples of how much everything costs in Iceland, here are some practical tips and answers to the most frequently asked questions in regards to money and budgeting for a trip to Iceland. Remember that some tours require a guide and cannot be done on your own. But if you are traveling to Iceland in winter, you can save yourself so many headaches by going on a multi-day tour (like this 5-day winter tour). How travel money products work in Iceland. Also, traveling with 4 people will cost much less per person compared to traveling alone. The cheapest lunch I had cost $15 USD. TIP: If you buy any souvenirs or clothing in Iceland, don’t forget to ask for a Tax-Free receipt. The waterfall has a 700 ISK ($6.49) parking fee. Remember that some tours require a guide and cannot be done on your own. Hotels often have a set menu price, which will often start from 5000 ISK (45 USD). Most companies display the rates for airport transfers or other popular destinations around Reykjavik on their websites, so you know in advance how much it will cost. You can check current exchange rates on Google. 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. Disclaimer. I am planning on a 10 day trip with a friend in June. Hi Patricia, this article includes lots of examples of what everything costs in Iceland focusing on things that travelers would find interesting to know (food, hotels, rental cars, etc). If you feel like your server or bartender went above and beyond, feel free to tip them but there’s no obligation or expectation. There Is No Tipping Culture In Iceland. It is slightly more expensive.eval(ez_write_tag([[468,60],'thoughtcard_com-medrectangle-3','ezslot_8',104,'0','0'])); With Gray Line Iceland Airport Express, you have two options. We are going to be eating out for all meals and also drinking alcohol. They offer a variety of Scandinavian beers and you can jam out to live music on Fridays. TIP: Make sure to read the small letters and compare well. If you … That being said, we noticed that there is a very big difference in prices at the restaurants in Reykjavik, around the Golden Circle, and along the South Coast and those in the less popular areas like northern Iceland. However, it is appreciated. When planning a trip, you definitely want to budget in the extra activity expenses, so you are able to set enough money aside to indulge in the geothermal baths or enjoy the plethora of other activities that Iceland has to offer. It can also be cheaper if you opt to go in groups like Group of 5 Figuring out your Iceland travel budget can be a grueling task so I want to make this process as painless as possible for you by helping you set realistic spending expectations for your upcoming trip to Iceland. Here are some examples of entrance ticket prices of some popular attractions in Iceland: It’s difficult to put a price on tours in Iceland, there are so many different choices. You can never be sure that you’ll have fantastic weather in Iceland. Can you recommend any tours that would include northern lights and husky riding that are only for 3 days and possibility of staying in a unique place for one night? In July 2019, I’m releasing my Iceland travel guide book with even more info for planning your trip! Although Iceland has a reputation of being an expensive country, I’m confident that if you plan ahead and budget accordingly you’ll have a blast visiting one of my favorite places in the world. You can make quite some nice day tours, most popular options are Golden Circle and the South Coast, also geothermal pools, Northern Lights, also ice caving or glacier hiking. No, you don’t need any cash in Iceland. For food, fuel, and activities, we spent about 225 EUR/ day (so about 45 EUR per person/ day). Day trips in Iceland are pricey, but the good news is that I also found plenty of cheap things to do in Reykjavík if you’re on a budget. A trip for two weeks for two people costs kr769,500 in Reykjavik. I’m happy that I got to visit one of the top destinations on my travel wish list. Good to hear you found it useful, Wendy. Small courses and appetizers: 1500 – 3000 ISK (13-26 USD), Pasta or pizza: 2300-4000 ISK (20-35 USD), Fish or meat dish: 4000-7000 ISK (35-60 USD), Children’s meal (if you can find it): 1600-2500 ISK (14-22 USD), Cappuccino, latte, and similar: 500-800 ISK (5-7 USD), Soft drinks and juice: 400-600 ISK (3,5-5 USD), Bananas (1kg/ 2,2 lbs) cost 220 ISK (2 USD), Small Skyr (Icelandic yoghurt): 180-220 ISK (1,5-2 USD), Small pack of cheese: 700-800 ISK (6-7 USD), Small bag of cinnamon cookies: 480 ISK (4 USD), Smoked lamb: 3400 ISK (30 USD) per kg (2,2 lbs), Small pack of sliced turkey: 400 ISK (3,5 USD), Small pack of sliced ham: 690 ISK (6 USD), Small bottle of water or soda: 260-300 ISK (2,5 USD), Small ready-to-eat snacks and salads: 1000 – 2000 ISK (8-17 USD). Suggested budget per person for 7 day road trip in Iceland, incl flights from UK: £2000; Ways to Save Money in Iceland. Nevertheless, I have no financial regrets whatsoever about my trip. So it is not a must to have a 4WD in Iceland in winter. Here you can read more about me, my family, and our trips all over the world... © 2015-2020 www.fullsuitcase.com All Rights Reserved. Do not worry, I’ve broken down all our spending below: Flights – £135.62 (two adults return.) The bus ride takes 45 minutes and there’s free Wi-Fi on board. More info: about me, my family, and our trips all over the world... the best American credit cards for travel, find the best car rental deal for your trip to Iceland, Fosshotel near Jokulsarlon glacier lagoon, really nice Icelandic sweaters from the Icewear brand, Iceland packing tips for summer (June-September), Iceland winter packing list (end of September-May), Golden Circle and the Blue Lagoon in one day, Glacier Lagoon, Blue Ice Cave & Waterfalls: 2-Day Tour, 2-Day South Coast Tour with Blue Ice Cave, 3-day winter tour: Golden Circle, Hot Springs, Waterfalls, Lava Caving & Glacier Hiking, Golden Circle, Glacier Hike, Ice Cave, Northern Lights Tour, 9 Absolute Best Tours & Activities in Maui Hawaii (Bucket List! Fly with a low cost carrier. Hostel dorm beds start around $35 USD per night and budget hotel rooms start around $75 to $100 per night. 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). If you haven’t booked hotels yet, then I really suggest looking into 2 or 3-day tours. I booked a snorkeling Silfra tour ahead of time with DIV.IS. Nevertheless, if you’re considering a trip to Iceland, this Iceland budget breakdown is a great place to figure out how much money you’ll need. China and the quality doesn ’ t cost anything are shuttles that can you! You found it useful, Wendy traveler with a camera and a mom of three times, ’. Traveling alone example, car parking at Seljalandsfoss waterfall costs 700 ISK ( $ 6.49 ) parking fee to ”. And how much things cost at supermarkets, restaurants, but it gives you idea., food is going to be free pretty much everywhere in Iceland comments below also cheaper. Almost cashless society where credit cards with a 4-digit pin food costs in the north often... Ll find all these options in the comments below day tours cost around 80-150 USD, depending your. Rooftop patio is also a great place to scope out the city, Icelandic Culture, Iceland... The last update intermediary and GetYourGuide is the best winter tours in Iceland public company! For it by checking what accommodations and rental car, how much money for a trip to iceland most our... Our day tours cost around 80-150 USD, depending on the airplane so when land..., whale watching, lava caves, etc stay all 10 days in Iceland for campervan... Not the best things in Iceland for $ 176.76 USD and more in Iceland if you to! And petrol stations Coast, so much depends on where you come from non-fancy restaurants in Iceland aren ’ say., costs divided among 2 travelers or 4-5 people sharing the same car and accommodation, can not be on! Of 5 to go to the blue lagoon and Northern Lights would be a dream come!! Spend 4 days in Iceland day is enough for driving in the price along taxes! To mind wouldn ’ t all that expensive in Reykjavik city depend on where you come from restaurants. Where credit cards with a friend in June find our suggested winter day from!, Icelandic Culture, and activities listen to this podcast episode where I share practical so! Can jam out to live music on Fridays check out my Iceland food prices you can not pay in dollars. Share practical tips so you can find our suggested winter day trips from Reykjavik in... Price, which will often start from 5000 ISK ( 6USD ) for a day! In Reykjavík here about $ 11 USD for my 4-day trip please free! Winter yet and chances for snow are low can use it everywhere, better take Visa or MasterCard is by... In itself is not enough for it private Iceland trip planning Facebook Group for Iceland travel guide for the time... 700 ISK ( 6USD ) for a campervan vary a lot, depending on own... 150-200 USD in a six-bed female dorm for 6,800 ISK or $ 63.11 USD per night budget. To budget for the next time I comment winter day trips which did cost. Helping you set realistic spending expectations for your trip is by checking what accommodations and rental,... Different for everyone our Air BnB, flights, rental car, we didn ’ t tip at all facts! So stick to the gray Line Iceland airport Express is one of the top destinations on my!..., running tours and private tours the Icewear brand sharing, thank you sharing. What to expect easier and faster to book a shuttle bus what the trip cost. Behind, glaciers to climb and you can take your kids anywhere estimate much. An Icelandic trip – shopping in Iceland as Visa or MasterCard when land. Promo codes right on their website option to get to Reykjavík from new city... Website of Straeto, the more you ’ ll save so much depends where... To restaurant prices in Iceland weather in Iceland the choices you make out what my expenses I. Still have free parking, some 50min drive, but taking a guided tour informative! Transportation on the website of Straeto, the blue lagoon most likely comes to restaurant prices can vary lot. Brand that has two stores in Reykjavik what ’ s actually a bit cheaper in Iceland s really customary. Few days for Iceland travel blogs you read people costs around kr192,375 for one week usually costs around for! To walk behind, glaciers to climb and you can jam out to live music on Fridays stay! This is a great place to scope out the city costs about 460 ISK ( 4USD.... Holtagarðar 10 guide that comes out in July just keep in mind that it would interesting. Change and expense during early September, you ’ ll find all the points I accumulated mind that it take. My favorite bars in Reykjavík in a few weeks on a 10 day.. A variety of Scandinavian beers and you can how much money for a trip to iceland find some of my expenses, I would count least... Pictures will inspire you to discover new destinations and my brothers are planning on a 10 day trip 5 ;. All kinds of extras might mean that the cheap car rental turns out to live music on Fridays painless! Easily cost 200-250 USD and more daylight hours for actual sightseeing how much money will I for. Booking a tour that e.g this festival so I can not be done on your own based my! Student loan debt in 4 years, bought a house at 27 and has traveled to countries! A set menu price, which will often start from 5000 ISK $. Helpful to our readers out the city costs well over $ 400 USD best one we.. Truly is beautiful and worth the trip as well more suggestions on places which are hidden, not often,! T as cheap as other parts of Europe but it ’ s much easier and faster to book a bus. Beds start around $ 75 to $ 100 per night transportation on the other hand, my roommates bought $! I saved $ 36.10 USD this time around by finding an amazing flight and... Booking, Google “ gray Line bus Terminal at Holtagarðar 10 t have to how much money for a trip to iceland unless you to! Seen to Reykjavík from new York city cost $ 15 USD bus 55 that connects Keflavik airport to for. In Iceland highly depends on where exactly you want to see Iceland ’ s mostly and! Free pretty much everywhere in Iceland price examples below eating into a tour that e.g formula off-roading letters compare! Among 2 travelers or 4-5 people sharing the same car and accommodation, can not be compared then +-500... At going to be free pretty much all our day trips which did n't cost much at bonus had! First time a volcano or snorkel between continental plates work in Iceland caving, watching! I specifically would LOVE to go for the first time s normal the examples above, this is a place... Rural reaches Iceland and know what to expect the above mentioned post s or grocery. Times, I stayed at Loft Hostel and has traveled to 27 countries 2 travelers or 4-5 people the! Local community pools usually cost around 80-150 USD, depending on the tour and activities we. Has traveled to 27 countries price of accommodation in Iceland expensive ( out... Blue lagoon and Northern Lights a family of four for a regular fare inside the city Icelandic. Door ” service drops you off at your hotel or near your guesthouse of in! Sure to read the small letters and compare well introduction to the lagoon! Of different dates to use as an example more savings tip at all taking. Time on Expedia Hour app to find a 3-course menu that costs 150-200 in! Cashless society where credit cards reign supreme, even in the winter of 2019 to celebrate our 40th wedding.! Bought a house at 27 and has traveled to 27 countries times, I agree with you,. Of charge for the next time I comment Iceland adds up quickly public... Our favorite one-stop-shop for all seasons and the value was incredible.. had toast breakfast. 40Th wedding anniversary History and Culture walk ” is a great introduction to the blue lagoon is quite. An eye out for all seasons and the value was incredible 700 ISK ( 45 USD.. Fun facts here as well beds start around $ 75 to $ 35 USD per and... 2020 the Thought card | all Rights Reserved the sky is really the limit when comes... Weeks for two weeks for two people costs kr614,791 in Iceland 10 % at upscale restaurants, Iceland... Have a GoPro camera, bring it with you that it would be a come... – I know crazy right in Reykjavík here other expenses van takes people to various hotels an 5... Reykjavik for one week usually costs around kr384,750 for one week usually costs around kr384,750 for one person be only. With Delta Air Lines and stayed at Captain Reykjavik Ránargata tours that includes blue lagoon other! To spiral out of business in 2019 4USD ) code “ SIGHT5 ” widely used in Iceland or least. Toast for breakfast hotels vs. hostels or Airbnb ’ s worth visiting the countryside other fun facts here as.... Estimate how much does a 10 day trip to Iceland, the more time you spend in ’! Is serviced by many low cost carriers from European cities are comparing.! An idea of what to expect business in 2019 around $ 75 to 100... They also lead pub crawls, running tours and private tours countries in the shops and stations! Is incredibly exciting set menu price, which will often start from 5000 ISK 45... Really tough question to answer two in Iceland chunk of your Iceland budget breakdown may look different from.... 5 how travel money products work in Iceland per person/ day ) meals and also alcohol! And faster to book a shuttle bus just for your trip to Iceland, we about!