Iceland · tool
How much does Reykjavik cost?
Daily budget breakdown across three tiers — so you can realistically plan your Reykjavik trip before you book anything.
Reykjavik, Iceland travel budget
Realistic daily cost per person across three spending tiers. All figures in USD.
Budget
Hostels, street food, public transit
Hostel dorm bed or a basic guesthouse room.
Groceries from Bonus or Krónan, hot dogs from Bæjarins Beztu Pylsur, or simple cafe meals.
Walking within the city center, occasional use of the Strætó public bus system.
Visiting free attractions like Hallgrímskirkja (exterior view), Tjörnin pond, and exploring city streets. Maybe a dip in a local pool.
Small souvenirs, extra snacks, or personal items.
Mid-range
3-star hotels, mix of restaurants, some taxis
Comfortable 3-star hotel or a well-located Airbnb apartment.
Mix of casual restaurants, cafes, and perhaps one nicer dinner.
Occasional taxis within the city, or car rental for day trips outside Reykjavik.
Entry to museums like the National Museum of Iceland, a guided city walk, or a visit to a geothermal spa like Sky Lagoon (basic package).
Moderate souvenirs, coffee breaks, or incidentals.
Luxury
4-5 star hotels, premium dining, private transfers
Boutique or 4-5 star hotel with premium amenities.
Fine dining experiences, tasting menus, and high-end cocktails.
Private airport transfers, private guided tours, or premium car rental.
Exclusive tours (e.g., private Golden Circle, Northern Lights chase), spa treatments, or unique experiences.
High-quality souvenirs, premium beverages, or personal services.
Destination-specific money tips
- •Credit cards are king in Iceland; carry minimal cash. Visa and Mastercard are most widely accepted.
- •While ATMs are common, some may charge higher fees for foreign withdrawals. Check your bank's network.
- •Alcohol is expensive, especially in bars and restaurants. Buying from the state-run Vínbúðin stores is cheaper.
- •Supermarkets like Bónus and Krónan offer significant savings on groceries compared to convenience stores or restaurants.
- •Day tours booked in advance online can sometimes be cheaper than booking through your hotel.
Plan the rest of your Reykjavik trip
Trip budgets elsewhere