How Much Does a Trip to Iceland Cost? Breakdown (Car, etc) + Total

Financial experts have named Iceland the world’s most expensive country, citing restaurant and hotel rates 44% higher than the European average, passenger transportation 52% higher, and alcoholic beverages 126% higher.

But roundtrip flights to Iceland can be as low as $250 from some major U.S. cities, so planning a trip to see the Northern Lights — even if accommodations are expensive — might seem worthwhile. Rest assured, if you’re a budget traveler, you can make a weeklong trip to Iceland work for about $1,000. And if you have more to spend in your budget, you might want to splurge on a hotel with views of the Northern Lights from your room.

In This Article

How Much Does It Cost to Fly to Iceland?

Here’s the good news: While most of your Icelandic adventure will be on the pricier side, your airfare doesn’t have to be. You can find roundtrip airfare from a major U.S. city to Reykjavik, Iceland, for as low as $250.

Airlines with Cheap Flights to Iceland

Airfare to Iceland from Select Major U.S. Cities (in USD)

Note: For the best deal, book at least two months in advance and travel during the off-season. Iceland’s off-season is September through December.

  • Boston to Reykjavik: Starting at $250
  • Chicago to Reykjavik: Starting at $250
  • Denver to Reykjavik: Starting at $550
  • Los Angeles to Reykjavik: Starting at $500
  • Miami to Reykjavik: Starting at $850
  • New York to Reykjavik: Starting at $250
  • Philadelphia to Reykjavik: Starting at $400
  • Pittsburgh to Reykjavik: Starting at $250
  • Portland to Reykjavik: Starting at $500
  • San Francisco to Reykjavik: Starting at $550
  • Washington, D.C. to Reykjavik: Starting at $250

How Much Does It Cost to Stay in Iceland?

There are plenty of accommodation options in Iceland — from campsites to luxury hotels. Typically, Reykjavik — the capital — is the most affordable city to stay in. Below, we’ve listed accommodation types and average price ranges.

Note: Keep in mind, prices plummet as much as 50% during the off-season (September through December).

Airbnb

You can rent a room or an entire home in Iceland using Airbnb.

  • Airbnb shared room: $20-$70 USD per night
  • Airbnb private room: $50-$100 USD per night
  • Airbnb entire home: $100-$300 USD per night

Note: Get $55 off your first Airbnb trip by using our referral link.

Camping

Iceland abounds with safe, inexpensive campsites with restrooms, showers, and other facilities. A Campingcard will give you access to more than 40 campsites around Iceland. You can purchase a Campingcard online for about $175 USD. For individual campsite visits, expect to pay between $10 and $20 per person per night.

Guesthouses

Guesthouses, or gistiheimili, are a more traditional type of accommodation in Iceland. These bed-and-breakfast-type homes often include access to the kitchen, laundry facilities, and the internet. Most guesthouse accommodations have shared bathrooms. Guesthouse prices range from $150 to $300 USD per night. 

Hostels

You’ll find both independently owned and Hosteling International-affiliated hostels across Iceland. Many offer private rooms, though typical accommodations include shared dorms with two to six travelers in each room. Average prices range from $40 to $70 USD per night.

If you plan to stay in a hostel and you aren’t a member of Hosteling International, you may want to consider joining to get a 20% discount on affiliated hostel stays.

Hotels

You can find a hotel almost anywhere — and at various price points. Whether you’re looking for a basic hotel or an upscale resort with views of the Northern Lights from your room, you can expect to pay anywhere from $50 to $500 USD per night for a hotel in Iceland.

Sleeping bag accommodation

Sleeping bag accommodations, or svefnpoka gisting, are offered at select Icelandic guesthouses, hostels, and hotels. By bringing your own sleeping bag rather than using the facility’s sheets, you can save up to 50% off your room rate. If you’re a budget traveler, be sure to ask about this option.

How Much Does It Cost to Get Around Iceland?

The average price to rent an economy car in Iceland is about $50 USD per day. While this is only slightly higher than average car rental prices in the U.S., where you’re going to see more sticker shock is in the price of gas. The average price of gas in Iceland is around $7.50 USD per gallon.

If you’re planning to stay in Reykjavik, there is a bus system with regular service. You might also want to consider purchasing a Reykjavik City Card that includes public transportation and access to museums and other attractions.

How Much Does It Cost to Eat and Drink in Iceland?

Since much of Iceland’s food is imported, dining out can be expensive. Iceland also has the highest alcohol tax in Europe, so drinks are pricey. Below, we’ve listed a few dining out prices to give you an idea of what to expect.

What to Do in Iceland + What It Costs

After shelling out for airfare, accommodations, transportation, and food, you’ll be relieved to discover that Iceland offers plenty of free and inexpensive things to do — including some serious bucket-list items.

Total Estimated Cost of a Trip to Iceland

So, what you really want to know is how much all of this is going to cost. Here are the cost breakdowns for a weeklong trip to Iceland for the following budgets:

Budget

  • Flight: Starting at $250 USD
  • Campingcard: $175 USD
  • Economy car rental: $50 USD per day
  • Gas: About $75
  • Food: $50 USD per day
  • Activities and entertainment: $0 USD

Total: Starting at $1,060 USD

Mid-Range

  • Flight: Starting at $250 USD
  • Airbnb entire home rental: $100-$300 USD per day (be sure to save $55 on your first trip by using our referral link).
  • Economy car rental: $50 USD per day
  • Gas: About $75
  • Food: $50 USD per day
  • Activities and entertainment: $50 USD per day

Total: Starting at $2,075

Luxury

  • Flight: Starting at $250 USD
  • Hotel: $300-$500 USD per day
  • Luxury car rental: $150 USD per day
  • Gas: About $75 USD
  • Food: $120 USD per day
  • Activities and entertainment: $300 USD per day

Total: Starting at $5,575

Suggested Article: Here Are the Companies That Will Finance Your Vacations

In Summary

When planning a trip to Iceland, you might be able to find a cheap roundtrip flight, but you’ll want to make sure you allocate funds for high food and gas prices. Of course, the price of a weeklong trip to Iceland will vary depending on your travel style. If you’re open to camping and free sightseeing, you should be able to do it all for about $1,000. Luxury accommodations and entertainment will be significantly more expensive.

For more trip-planning insights, see our article: How Much Money to Bring to Vegas? 

Leave a Comment

We respond within 24 hours.

Terms of Use