Reykjavík travel budget

Reykjavík: calculate your travel budget

Sample budgets for a trip to Reykjavík

These example budgets assume a 2-week holiday in Reykjavík for 2 people.

Low budget
(backpacker)

Daily budget:

  • $ 129 for 2 ppl.
  • $ 28 per person
  • $ 19 per person
  • Free activities

Total budget:

$ 3068* (422002 ISK)

Average budget
(traveller)

Daily budget:

  • $ 209 for 2 ppl.
  • $ 64 per person
  • $ 28 per person
  • $ 15 per person

Total budget:

$ 5879* (808556 ISK)

High budget
(tourist)

Daily budget:

  • $ 276 for 2 ppl.
  • $ 110 per person
  • $ 47 per person
  • $ 30 per person

Total budget:

$ 9029* (1241856 ISK)

* estimated local budget for 2 people for 2 weeks (excluding plane tickets).



Cost of living in Reykjavík compared to United States in 2024

Compare with the average cost of living in:

On average, the cost of living in Reykjavík in 2024 is 34% higher than the average cost of living in the United States (USA).

See the graphic below for the price variation percentage by type of expense in Reykjavík in 2024 compared to average prices in the United States (USA):




Local prices in Reykjavík by expense type

Restaurant budget in Reykjavík

On average, budget for eating in a restaurant in Reykjavík is 28% more expensive than in the United States (USA).
Lunch
Lunch
$ 21/person
($ 14 to $ 33)

1% more than in the United States (USA)United States Average price in the United States (USA): $ 20
3 course dinner
3 course dinner
$ 62/person
($ 36 to $ 101)

64% more than in the United States (USA)United States Average price in the United States (USA): $ 38
McDonald's meal
McDonald's meal
$ 18/person
($ 16 to $ 21)

65% more than in the United States (USA)United States Average price in the United States (USA): $ 11
Local beer
Local beer
$ 11 for 500ml
($ 7.1 to $ 14)

81% more than in the United States (USA)United States Average price in the United States (USA): $ 5.9
Imported beer
Imported beer
$ 2.6 for 330ml
($ 1.9 to $ 3.4)

24% less than in the United States (USA)United States Average price in the United States (USA): $ 3.5
Cappuccino
Cappuccino
$ 5.3/cup
($ 3.9 to $ 6.8)

3% more than in the United States (USA)United States Average price in the United States (USA): $ 5.1
Fizzy drink
Fizzy drink
$ 3.2/can
($ 2.1 to $ 3.9)

26% more than in the United States (USA)United States Average price in the United States (USA): $ 2.5
Water bottle
Water bottle
$ 2.1/bottle
($ 1.5 to $ 3.4)

7% more than in the United States (USA)United States Average price in the United States (USA): $ 2

Hotel and accommodation budget in Reykjavík

On average, hotel and accommodation budget in Reykjavík is 23% more expensive than in the United States (USA).
1-star hotel
1-star hotel
$ 237/night
($ 72 to $ 800)

41% more than in the United States (USA)United States Average price in the United States (USA): $ 169
2-star hotel
2-star hotel
$ 172/night
($ 85 to $ 453)

13% more than in the United States (USA)United States Average price in the United States (USA): $ 153
3-star hotel
3-star hotel
$ 246/night
($ 102 to $ 678)

10% more than in the United States (USA)United States Average price in the United States (USA): $ 225
4-star hotel
4-star hotel
$ 305/night
($ 129 to $ 1007)

0% less than in the United States (USA)United States Average price in the United States (USA): $ 306
5-star hotel
5-star hotel
$ 543/night
($ 358 to $ 962)

24% more than in the United States (USA)United States Average price in the United States (USA): $ 438
Hostel/Youth Hostel
Hostel/Youth Hostel
$ 197/month
($ 104 to $ 502)

21% more than in the United States (USA)United States Average price in the United States (USA): $ 163
Room with kitchen
Room with kitchen
$ 276/month
($ 93 to $ 941)

17% more than in the United States (USA)United States Average price in the United States (USA): $ 237
Hotel with swimming pool
Hotel with swimming pool
$ 250/month
($ 111 to $ 625)

23% more than in the United States (USA)United States Average price in the United States (USA): $ 205
Cottage or guest house
Cottage or guest house
$ 223/month
($ 101 to $ 591)

1% more than in the United States (USA)United States Average price in the United States (USA): $ 222
Family room
Family room
$ 367/month
($ 134 to $ 1176)

82% more than in the United States (USA)United States Average price in the United States (USA): $ 203

Supermarket food budget in Reykjavík

On average, the price of supermarket food in Reykjavík is 14% more expensive than in the United States (USA).
Milk
Milk
$ 1.7/litre
($ 1.5 to $ 2.3)

62% more than in the United States (USA)United States Average price in the United States (USA): $ 1
Bread
Bread
$ 3.6/500g
($ 2.1 to $ 7.8)

1% more than in the United States (USA)United States Average price in the United States (USA): $ 3.5
Rice
Rice
$ 3.2/kg
($ 2.1 to $ 5)

30% less than in the United States (USA)United States Average price in the United States (USA): $ 4.5
Eggs
Eggs
$ 5.7/12 eggs
($ 4.3 to $ 6.9)

56% more than in the United States (USA)United States Average price in the United States (USA): $ 3.7
Chicken
Chicken
$ 22/kg
($ 11 to $ 27)

75% more than in the United States (USA)United States Average price in the United States (USA): $ 12
Apples
Apples
$ 3.1/kg
($ 1.9 to $ 5)

41% less than in the United States (USA)United States Average price in the United States (USA): $ 5.2
Tomatoes
Tomatoes
$ 4.9/kg
($ 2.3 to $ 6.8)

1% more than in the United States (USA)United States Average price in the United States (USA): $ 4.8
Potatoes
Potatoes
$ 3.2/kg
($ 1.6 to $ 3.9)

8% more than in the United States (USA)United States Average price in the United States (USA): $ 2.9
Water bottle
Water bottle
$ 2
($ 0.8 to $ 3.2)

8% less than in the United States (USA)United States Average price in the United States (USA): $ 2.2

Public and private transport budget in Reykjavík

On average, the price of transport in Reykjavík is 54% more expensive than in the United States (USA).
Bus ticket
Bus ticket
$ 4.5/ticket
($ 4.5 to $ 4.7)

83% more than in the United States (USA)United States Average price in the United States (USA): $ 2.5
Taxi (per km)
Taxi (per km)
$ 2.3/km
($ 2.1 to $ 4.3)

36% more than in the United States (USA)United States Average price in the United States (USA): $ 1.7
Petrol
Petrol
$ 2.2/litre
($ 2.1 to $ 2.3)

136% more than in the United States (USA)United States Average price in the United States (USA): $ 0.9
Taxi (initial pick-up charge)
Taxi (initial pick-up charge)
$ 5.3
($ 5.2 to $ 6.3)

47% more than in the United States (USA)United States Average price in the United States (USA): $ 3.6
Car hire
Car hire
$ 49/24hrs
($ 26 to $ 90)

31% less than in the United States (USA)United States Average price in the United States (USA): $ 71

Leisure activity budget in Reykjavík

On average, budget for leisure activities in Reykjavík is 36% more expensive than in the United States (USA).
Cinema
Cinema
$ 15/ticket
($ 13 to $ 17)

6% more than in the United States (USA)United States Average price in the United States (USA): $ 14
Tennis
Tennis
$ 35/hr
($ 20 to $ 54)

66% more than in the United States (USA)United States Average price in the United States (USA): $ 21

Budget for clothes and price of cigarettes in Reykjavík

On average, shopping budget in Reykjavík is 50% more expensive than in the United States (USA).
Cigarettes
Cigarettes
$ 13/pack
($ 11 to $ 14)

23% more than in the United States (USA)United States Average price in the United States (USA): $ 10
Levi's jeans
Levi's jeans
$ 108
($ 59 to $ 143)

109% more than in the United States (USA)United States Average price in the United States (USA): $ 52
Summer dress
Summer dress
$ 50
($ 28 to $ 94)

17% more than in the United States (USA)United States Average price in the United States (USA): $ 43

Plane ticket budget

New York City → Reykjavík
New York City → Reykjavík
New York City → Reykjavík
$ 399
(fair price: $ 329)
Toronto → Reykjavík
Toronto → Reykjavík
Toronto → Reykjavík
$ 470
(fair price: $ 355)
Montreal → Reykjavík
Montreal → Reykjavík
Montreal → Reykjavík
$ 783
(fair price: $ 705)
Edinburgh → Reykjavík
Edinburgh → Reykjavík
Edinburgh → Reykjavík
$ 194
(fair price: $ 166)
London → Reykjavík
London → Reykjavík
London → Reykjavík
$ 151
(fair price: $ 118)
Chicago → Reykjavík
Chicago → Reykjavík
Chicago → Reykjavík
$ 696
(fair price: $ 603)

Book a flight Flight prices to Reykjavík




About this information on the cost of living in Reykjavík

The information about the cost of living in Reykjavík shown on this page comes from multiple sources, including: Numbeo, Skyscanner and Hotels.com.

The information about the cost of living in Reykjavík was updated on 12-11-2024.

Change currency