Average Cost Of Trip To Iceland – How much does a trip to Iceland cost? Figuring out a budget for your trip to Iceland can be a daunting task, so I want to make the process as easy as possible by breaking down your budget and helping you set realistic cost expectations for your upcoming trip to Iceland. To summarize the cost of my trip to Iceland, I’ve saved all my receipts for my 4-day trip and here’s what it cost. After visiting three times, I am adding other fun facts here as well.
Depending on your needs and interests, your Iceland budget may look different than mine. However, it is a great resource for figuring out how much money you need. Although Iceland has a reputation for being an expensive country, I’m sure if you plan ahead and budget accordingly, you’ll have a great time in one of my favorite places in the world.
Average Cost Of Trip To Iceland
According to the Numbeo Cost of Living Index by country, Iceland is the fourth most expensive country, followed by Norway, Switzerland and Bermuda. Check out how much a trip to Bermuda costs here!
Is Iceland Expensive? Here’s What You Need To Know
For more helpful tips not covered on the blog, pick up a copy of my Iceland Travel Guide!
I bought a flight and accommodation package on Expedia six months in advance. I also used a $25 Expedia+ coupon from all the points I collected.
I was flying Delta Air Lines and stayed at the Loft Hostel. Hostels in Iceland are not as cheap as in other parts of Europe, but they are still a viable option. If hostels aren’t your thing, find hotels and inns in Reykjavík.
I booked the flight and accommodation separately for the second trip to Iceland. I fly Icelandair and book my flight three months before departure. My round-trip ticket to Reykjavik from New York was $273.45. At the time, it was the cheapest flight I had seen to Reykjavik on a non-budget airline. Plus, flying with Icelandair means the first checked bag is free! The average flight from New York to Reykjavik costs more than $400.
Iceland Travel Guide
On this trip, I stayed at Kex Hostel Reykjavík in a six-bed female dorm for 6,800 ISK or $63.11 USD per night. I saved $36.10 USD this time by finding amazing flight deals and booking essentials separately. We recommend signing up for Thrifty Traveler Premium to find incredible flights around the world.
For my third trip to Iceland, I booked a flight with WOW air for $176.76 USD and stayed at Captain Reykjavik Ránargata. Unfortunately WOW air is not working in 2019.
The Gray Line Iceland Airport Express is one of the easiest ways to get to Reykjavik from Keflavik International Airport. The bus journey takes 45 minutes and there is free Wi-Fi on board. Order your ticket at the counter or pre-confirm your reservation online.
Children 12-17 pay half price and children 11 and under are free. Departures are scheduled 25-45 minutes after the flight’s arrival, so even if you arrive late at night or early in the morning, buses are always available. Flybus is another bus alternative. It is a little more expensive.
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With Gray Line Iceland Airport Express you have two options. The “Terminal to Terminal” service will take you to the Gray Line bus terminal at Holtagariar 10. Door-to-door service will take you to your hotel or close to your guesthouse.
Gray Line Iceland also offers promo codes directly on their website. On my second trip to Iceland, I booked the Snaefellsnes Cave and Peninsula Exploration tour and saved 10% with the promo code “LABOR10”.
While I save money on breakfast (including my hostel stay), I would recommend budgeting $20-$35 per meal. Instead, my neighbor bought $80 worth of lamb. I know it’s crazy!
Tax is not mandatory in Iceland. In fact, Icelanders don’t buy at all because it is included in the price along with taxes. If you feel your server or bartender is going too far, feel free to turn them away, but there is no obligation or expectation. You may see tip jars in coffee shops, but you don’t have to tip if you don’t want to.
How Much Money Do You Need To Visit Iceland (+ Tips How To Travel Cheaper)
Don’t forget that you don’t have to buy bottled water in Iceland. The water is clean and you can get it for free everywhere. My tour guide encouraged me to drink water from the glacial lagoon – and that’s okay.
Press play to listen to this podcast episode where I share more tips on saving money in Iceland. These tips are based on my book Iceland: Nature, Nurture and Adventure.
Thinking about shopping in Iceland? Here’s how you can get up to 14% off when you claim your tax refund.
Iceland has a lot to offer, especially if you’re looking for adventure. There are waterfalls to climb, glaciers to climb and you can enter a volcano or snorkel between the continental plates. If you’re feeling really adventurous, try extreme motorsports like off-road formula.
Iceland On A Budget: 21 Ways To Save Money In Iceland
CityWalk Reykjavik offers a free walking tour of Reykjavik. They also run pub crawls, guided tours and private tours. The free History and Culture Trail is a great introduction to Iceland’s cities, culture and history. Best of all, the guides are knowledgeable Icelandic historians. During the walking tour, you will pass through the most historical part of the city, including the oldest quarter and the oldest cemetery. If I had missed this tour, I would have missed so many hidden gems. At the end of the tour, set your price and access in any currency.
Day trips in Iceland are expensive, but the good news is that I’ve also found plenty of cheap things to do in Reykjavik if you’re on a budget.
I pre-booked the Silfra snorkeling tour with DIV.IS. If you have aGoPro camera, take it with you. This way you can save money on photos and videos without paying extra.
If you want to see the Icelandic landscape, it is worth visiting the countryside. Many people recommend renting a car in Iceland, but going through a guide is informative and convenient. If I am alone, I will miss you so much!
How Much Does A Trip To Iceland Cost? — Acanela Expeditions
I also booked a last minute South Coast sightseeing tour with Sterna Travel Sterna Travel offers the cheapest South Coast bus tours and the value is incredible! I saw so many waterfalls, glacier tongues and also learned about the effects of volcanic eruptions and global warming on the island.
Having a drink or two can add up quickly in Iceland. A beer costs around $11.
Loft Hostel has one of my favorite bars in Reykjavik. They offer a wide selection of Scandinavian beers and on Fridays you can catch live music. Their rooftop patio is also a great place to view the city skyline.
A friend introduced me to Bar Ölsmiðjan, a dive bar where a beer costs only $5.48 USD or 590 ISK!
Iceland In October And Why It Is The Best Time To Visit?
Finally, use the Appy Hour app to find cheap drinks around town. Appy Hour lists all happy hours in Reykjavík in real time.
How much does it cost to go to Iceland? When I added up all my expenses, I spent $1,240 USD for my 4 day trip. To my surprise and relief, I decided to spend only 4 days in Iceland. The more time you spend in Iceland, the more time you will have. The average cost of a trip to Iceland is around $300 per day including flights and accommodation.
Food, alcohol, and activities are the most expensive budget categories, but I’m in awe of Natasha at World Pursuit who spent a week in Iceland and only spent $100! However, I don’t regret my trip financially. I was delighted to visit one of the top destinations on my travel wish list.
Danielle Desiree Corbett paid off $63,000 in student loan debt in 4 years, bought a house at age 27, and traveled to 27 countries, including her favorite Iceland, China, and Bermuda. Visit here to hear Danielle’s incredible story, from financial struggles and debt to finding creative ways to earn more and live life on her terms. Listen to The Thought Card Podcast where Daniel shares how you can travel more creatively and create wealth regardless of your current financial situation. Contact Daniel at: (at) gmail (dot) com.
Iceland Budget: How Much Is A Trip To Iceland?
Iceland is a destination that is on a traveler’s wish list, but it is often overlooked because the cost of traveling to Iceland can be prohibitively expensive.
I’ve wanted to come to Iceland for years but never saw it as an option for purely financial reasons. However, after spending a week exploring this beautiful country, we discovered that it is 100% possible to travel to Iceland on a budget. But how much does a trip to Iceland cost?
Well, the answer to this question varies because it is the same
How To Travel In Iceland On A Budget
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