How Much Does it Cost to Travel in Iceland

How Much Money do I Need to Travel in Iceland?

Iceland can either be an extremely expensive or reletively cheap country to travel in — it all depends on your strategy. If you are riding a bicycle or hitchhiking (easy to do and common), camping, and preparing your own meals, and stay out to bars, Iceland can easily be traveled on well under $20 per day. But if you do anything — take public transport, go out to restaurants, go on tours, drink in bars — you are looking at a $100 to $200+ daily bill. It is incredibly easy to spend lots of money in Iceland, the trick to prevent this is to try to do whatever you can for yourself: make you own transportation, food, and shelter. When in Iceland think DIY all the time, or else watch your travel funds pull a very astute disappearing act.

Average prices in Iceland

• Campsite- $6 to $15
• Dorm bed- $20 to $30
• Meal in a restaurant- $20 to $50+
• Fast food meal- $8
• Hot dog- $2
• Beer in a bar- $7
• A cup of coffee- $3, often endlessly refillable
• A liter of milk- $1
• A half dozen of eggs- $3
• A liter of 100% juice- $2
• Fruits and vegetables- $1 to $3 per kilo
• A kilo of cheese- $6
• A loaf of bread- $2
• Bus- $15 per hour
• Taxi- Don’t even think about it
• Flight across Iceland- $100
• Guided hike up a volcano or on a glacier- $100 to $200
• Swimming in a pool- $3
• Amazing scenery at every turn and fresh air- absolutely free

As you can see, there is a major gap in Iceland between the prices for basic living necessities and recreational novelties. To live in Iceland like a local, you can get by on under $600 per month, but if you live it up like a tourist your bank account is going to take a beating. The choice is yourse.

Search for more information about Iceland

• Travelogue entries about Iceland

Iceland Travel Guide

• Iceland Travel Guide

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