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/Kronan, hot dogs, and casual cafes.
Walking within the city, occasional public bus use.
Visiting free sights, exploring neighborhoods, maybe a budget-friendly pool.
Souvenirs, snacks, small incidentals.
Mid-range
3-star hotels, mix of restaurants, some taxis
A comfortable 3-star hotel or a well-located Airbnb.
Mix of casual restaurants, cafes, and one nicer dinner.
Taxis for shorter distances, potential car rental for day trips.
Entry to museums, guided city tours, or a popular geothermal spa.
Coffee, snacks, small purchases.
Luxury
4-5 star hotels, premium dining, private transfers
A 4-5 star hotel with amenities or a premium suite.
Fine dining, tasting menus, and high-end bars.
Private airport transfers, private driver for excursions, or luxury car rental.
Private guided tours, helicopter tours, exclusive experiences like the Blue Lagoon's premium package.
High-end souvenirs, premium drinks, personal services.
Destination-specific money tips
- •Credit cards are king in Iceland; carry minimal cash.
- •Check your bank's foreign transaction fees, as they can add up.
- •Alcohol is very expensive; consider purchasing at the duty-free upon arrival if you drink.
- •Groceries from budget supermarkets like Bónus or Krónan are your best bet for saving on food.
- •Tours and activities, especially those involving nature (like glacier hiking or ice caving), are a significant expense but often worth it.