A Travel Price Comparison for Families, Couples, and Backpackers London vs. Reykjavik for Vacations, Tours, and Honeymoons

Should you visit London or Reykjavik?

Which city is more affordable and which is best for your travel style? If you're trying to figure out where to go next, comparing the travel costs between London and Reykjavik can help you decide which place is right for you.

London

The capital of the United Kingdom is a thriving multicultural metropolis. Steeped in iconic landmarks, world-class museums and royal parks, London is energetic, majestic, ambitious and one of the world's greatest cities. London is a cultural and fashion capital, a great place to go out, an amazing place to eat and one of those cities that is constantly changing with new and exciting things sprouting up almost every day. History and tradition greet you at every turn in the UK's capital. London is also a city with an edgy underbelly, delighting in neon pink dive bars, cheeky graffiti and mind-blowing street food. When you need a break from the action, pop into a pub or relax in one of the city's many parks. Blow through the city on a double-decker bus, and take a pinch-me-I'm-in-London walk through the West End. As one of the most visited cities in the world, London is busy, vibrant and very tourist friendly. The only problem with London is that it's very expensive; it can eat away at your budget if you aren't careful. Luckily, there are also tons of free or cheap things to do in London that can fill your time.

Reykjavik

Reykjavik is the capital and largest city in the country of Iceland. The city is where the vast majority of the country's population resides and the urban area has about 200,000 residents. The city is sprawling, with a large area covered in suburbs. The the city center is quite compact, with many interesting and colorful houses. There are a lot of things that attract tourists to this city, including an interesting culture and history as well as plenty of shopping and dining opportunities.

Which city is cheaper, Reykjavik or London?

These are the overall average travel costs for the two destinations.

The average daily cost (per person) in London is £145, while the average daily cost in Reykjavik is £161. These costs include accommodation (assuming double occupancy, so the traveler is sharing the room), food, transportation, and entertainment. While every person is different, these costs are an average of past travelers in each city. Below is a breakdown of travel costs for London and Reykjavik in more detail.



Accommodation

Double occupancy rooms typically run around £182 in London For nicer amenities and a premiere location, you can expect to pay a bit more.

The prices for places to stay in Reykjavik can vary by date, location, and type. Generally, the average cost for accommodation per person is £91, while a typical double-occupancy hotel room for two people will cost around £182.


  • Accommodation Hotel or hostel for one person
    London £91
    Reykjavik £91
  • Accommodation Typical double-occupancy room
    London £182
    Reykjavik £182

Food

Food in London costs travelers about £29 per day on average. Restaurants can vary significantly in price, so choose wisely if you're trying to save money. Fast food and street stalls are typically your cheapest options, which sit down restaurants can be significantly more expensive.

On average, meal and food prices in Reykjavik cost around £20 per person, per day. While this price can vary widely by location, the type of restaurant, and the amount of food ordered, a typical meal often costs around £8.00.


  • Food Meals for one day
    London £29
    Reykjavik £20
Typical Food prices in London

Here are some examples of typical meal expenses from previous travelers to London:


  • Lunch at Starbucks
    £13
  • Tea
    £6.00
  • Afternoon Tea at Fortnum & Mason
    £39
  • Morning Tea
    £6.35
  • Pastry
    £5.00
  • Sushi Dinner for One
    £18

Food Tours and Cooking Classes in London

For London, here are some samples of tours and activities related to meals and dining experiences:

  • Traveling Spoon Nepalese Momos Private Online Cooking Class: $27
  • Moroccan Couscous Dinner in Shoreditch: $50
  • Modern British Dinner at Chef's Home in East London: $62
  • Dinner with Filmmakers & Filmmaking Experience in London: $74
  • 3-Hour Secret British Food Tour: $82
  • Private Cooking Class with a London Cookbook Author: $87
  • BYOB Pizza Workshop Supper Club: $91
  • 3-Hour Thames Jazz Dinner Cruise: $92
  • 4-Hour East End Food Tour: $98
  • Evening City & Food Tour (non-guided): $110
  • London Half-Day Food Tour: International Foods of Soho: $111
  • Soho International Food Tour: $113

Typical Food prices in Reykjavik

For Reykjavik, here are some examples of average food and meal prices for travelers:


  • Dinner (Fish Market)
    £146

Food Tours and Cooking Classes in Reykjavik

For Reykjavik, here are some samples of tours and activities related to meals and dining experiences:

  • Exclusive dinner with a local family: $112
  • Weekend Reykjavik Food Tour with a stop at the Reykjavik Flea Market: $123
  • Dinner with an Icelandic Artist in Reykjavik Home: $151
  • Secret Lagoon, Buffet Dinner, and Northern Lights Tour from Reykjavik: $159
  • South Coast: Volcanoes, waterfalls & Viking dinner at the Viking house: $179
  • Private Reykjavik Food Tour: $198
  • South Coast: Small group glacier hike, fire & ice with dinner at Viking lodge: $199
  • Cook and Dine Icelandic Cooking Class Gourmet Lunch or Dinner: $204
  • Kopar Fine Dining Dinner and Northern Lights Cruise from Reykjavik: $229
  • West Iceland Private Food Tour from Reykjavik: $723

Local Transportation

London's transportation costs can vary by the type of transport chosen by visitors. Naturally, taxis and private drivers cost much more than public transportation options. On average, visitors spend £20 per person, per day on transportation in London.

To get around in Reykjavik, the average visitor spends £30 per day, per person. This includes the costs of taxi rides and private drivers as well as public transportation, which tends to be much more affordable.


  • Local Transportation Taxis, local buses, subway, etc.
    London £20
    Reykjavik £30
Typical Local Transportation prices in London

Here are some examples of typical transportation prices from actual travelers in London:


  • Taxi Ride
    £15
  • Heathrow Express
    £18
  • Luggage Storage
    £8.00
  • London Map
    £1.29
  • Oyster Card
    £36
  • Train to Gatwick Airport (2)
    £22
  • Oyster Card
    £27

Hired Cars and Shuttles in London

Also for London, here are a few examples of actual transportation services:

  • private transfers from London to Heathrow airport: $167
  • private transfer shopping trip from London to Bicester village wr (8 hours): $745
  • private transfer from central london to city airport: $186
  • Warner Bros. Studio Tour and Transfer from London: $118
  • Warner Bros. Studio Tour with Coach Transfers: $118
  • Warner Bros Studio Private Executive return Transfer from London: $214
  • VIP Departure Transfer from London Center to Heathrow Airport: $113
  • Ultra - London Private Airport Transfer from City Centre to Heathrow Airport LHR: $8.71
  • Ultra - London Airport Transfer from City Centre to London Gatwick Airport LGW: $8.71
  • Transfer to the Cruise ports from your London accommodation: $67
  • Transfer in private vehicle from London City to London Airport (LHR): $51
  • Transfer in private vehicle from London City Center to Heathrow Airport: $56

Hired Cars and Shuttles in Reykjavik

Also for Reykjavik, here are a few examples of actual transportation services:

  • Luxurious Private Airport Transfer and Blue Lagoon | Included Premium Admission: $1,354
  • Private airport transfer with Blue lagoon stopover and lunar landscapes: $804
  • Luxury Private Transfers Reykjavik - Blue Lagoon - Keflavik Airport: $683
  • Private Blue Lagoon & Airport Transfer: $646
  • Luxury Private Transfers Keflavik Airport - Blue Lagoon - Reykjavik: $641
  • Private Transfer Blue Lagoon - Reykjavik city (with waiting time): $560
  • Airport transfer to or from Reykjavik with up to 3 hours stop in Blue Lagoon: $485
  • Golden Circle Private Tour & Blue Lagoon Private Transfer: $438
  • Private Reykjavík Round Trip Airport Transfer: $429
  • Private One-Way Airport Transfer To or From Keflavik Airport: $352
  • Luxury Private Transfers Reykjavik to Keflavik airport: $343
  • PrivateTransfer to Reykjavik KEF in Lux Van with 2 hour stop at Blue Lagoon: $314

Is it cheaper to fly into London or Reykjavik?

Prices for flights to both Reykjavik and London change regularly based on dates and travel demand. We suggest you find the best prices for your next trip on Kayak, because you can compare the cost of flights across multiple airlines for your prefered dates.





Entertainment

Sightseeing, admission tickets, things to do, and other entertainment expenses in London can vary widely by price. On average, visitors spend around £26 per person, per day on entertainment and sightseeing here.

In Reykjavik, the costs for things to do, activities, admission tickets, and other sightseeing expenses are on average £47 per person, per day.


  • Entertainment Entrance tickets, shows, etc.
    London £26
    Reykjavik £47
Typical Entertainment prices in London

For London, here are some examples of average entertainment and activity prices from previous travelers:


  • Two Tickets to a Concert
    £83
  • London Symphony Orchestra
    £34
  • London Pass
    £47
  • Comedy Show
    £8.00

Tours and Activities in London

Also, here are some specific examples of entertainment, tickets, and activities for London.

  • 'Cutty Sark' Entrance Ticket: $21
  • 'The Crown' Film Locations Private Car Tour: $370
  • 007 James Bond's London Private Half Day Tour: $690
  • 007 James Bond's London Private Half Day Tour: $690
  • 1 Hour Moroccan Hammam Experience: $114
  • 1066 Battle of Hastings Private Tour: $435
  • 1066 Battle of Hastings, Birling Gap and Seven Sisters Tour: $2,005
  • 1066 Battle of Hastings, Birling Gap and Seven Sisters Tour: $2,005
  • 12 Angry Guests: The Online Jury Experience: $11
  • 2-Day Cotswolds, Bath, and Oxford Small Group Tour: $226
  • 2-Hour London Tour and Photo Shoot: $98
  • 2.5-Hour Chocolate Walking Tour of London: $53

Typical Entertainment prices in Reykjavik

Below are a few sample prices from actual travelers for Reykjavik's activities, tours, and tickets:


  • Art Museum
    £8.80
  • Wine and Spa
    £24

Tours and Activities in Reykjavik

For Reykjavik, here are a few prices for actual activities, tours, and tickets provided by various companies:

  • 'Game of Thrones' Filming Locations Tour From Reykjavik: $126
  • (Private tour) 4 Days South Coast, Golden Circle & Snæfellsnes: $3,388
  • 1.5 Hour Midnight Sun Buggy Tour From Reykjavik: $160
  • 10-day Private tour of Iceland: Geysers & Glaciers: $13,561
  • 1hr ATV & Golden Circle Adventure from Reykjavik: $276
  • 1hr ATV Adventure & Caving from Reykjavik: $254
  • 1hr ATV Adventure & Helicopter Adventure Combination Tour from Reykjavik: $403
  • 1hr ATV Adventure & Rafting Tour from Reykjavik: $287
  • 1hr ATV Adventure & Whale Watching Combination Tour from Reykjavik: $248
  • 1hr ATV Reykjavik Peak Adventure: $143
  • 1hr ATV adventure & Northern lights Hunt from Reykjavik: $238
  • 1hr Buggy & Lava Caving Combination Tour from Reykjavik: $283

Alcohol

Alcoholic beverages can often be a significant portion of a traveler's budget, and the costs can vary greatly from person to person. In London, the average amount that a visitor spends on alcoholic beverages per day is £12.

Typically, people visiting Reykjavik spend on average £18 on alcoholic beverages per person, per day.


  • Alcohol Drinks for one day
    London £12
    Reykjavik £18

Sample the Local Flavors in London

Here are a few nightlife and alcohol tours and activities from local tour providers in London:

  • 5-Hour Shoreditch Pub Crawl: $14
  • Central London 4-Hour Pub Crawl: $14
  • Central Daily 5-Hour Pub Crawl: $14
  • The Shoreditch Pub Crawl: $14
  • Camden Pub Crawl: $14
  • The London Pub Crawl - Shoreditch: $14
  • Camden Pub Crawl: $20
  • 3-Hour Pub Tour: $21
  • The Original Shoreditch Pub Crawl: $28
  • 2-Hour Historic Pub Tour: $28
  • London Pub Crawl and Nightlife Tour: $28
  • Sipsmith Distillery Tour and Complimentary Tasting: $35

Typical Alcohol prices in Reykjavik

Some typical examples of the costs for nightlife and alcohol in Reykjavik are as follows:


  • Beer
    £7.20

Sample the Local Flavors in Reykjavik

Some specific costs for nightlife related activities in Reykjavik:

  • Private Reykjavik Pub Crawl: $181
  • Reykjavik Food & Wine Tour: $249


When comparing the travel costs between London and Reykjavik, we can see that Reykjavik is more expensive. However, the two cities are actually relatively comparable in price, as the difference is somewhat minimal. Generally, this means that you could travel with generally the same travel style and level of luxury in each place. Since both cities are in Europe, it's no surprise that their costs are relatively close, as many destinations here have somewhat similar travel prices overall.

Budget Your Trip

Budget Your Trip has average travel costs for thousands of cities around the world, all provided by other travelers. You can also register to organize your spending by category and location with graphs, maps, charts, and tables.

Share This Page
Pin This Page
London vs. Reykjavik Travel Comparison

Some of the links on this website are sponsored or affiliate links which help to financially support this site. By clicking the link and making a purchase, we may receive a small commission, but this does not affect the price of your purchase.