Which place is cheaper, Caracas or Reykjavik?
These are the overall average travel costs for the two destinations.
Jump to 
Should you visit Reykjavik or Caracas?
Which is cheaper to visit? Which is more expensive for vacation?
If you're trying to decide where to visit between Reykjavik or Caracas, this travel comparison, which includes costs, can help. The overall cost of travel is usually a consideration when deciding where to go next, and the cost comparison down below can help you decide based on the average prices from other travelers along with your own travel budget.
Where Should I go: Reykjavik or Caracas?
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.
Caracas
Caracas is the capital city of Venezuela, and also the country's largest city. It's in the northern portion of the country and is close to the Caribbean. While Caracas may not be a major travel destination in Venezuela, it can offer interesting insight into the country's urban character. It has a great art, culinary, and music culture that truly bring the city to life. The beautiful Mount Avila overlooks the city and separates the city from the Caribbean Sea. Many locals and visitors alike head to the mountain as a quick escape. You can reach it by taking a cable car that carries you up to the SWaraira Repano Park at the very top.
For some great organized tour ideas, see The Best Budget Tours to Iceland, and The Best Tours for Seniors to Iceland.
-
Average Daily Cost Per person, per dayReykjavik $246Caracas $0.00
The average daily cost (per person) in Reykjavik is $246, while the average daily cost in Caracas is $0.00. 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 destination. What follows is a categorical breakdown of travel costs for Reykjavik and Caracas in more detail.
Accommodation
-
Accommodation Hotel or hostel for one personReykjavik $139Caracas -
-
Accommodation Typical double-occupancy roomReykjavik $278Caracas $0.00
Compare Hotels in Reykjavik and Caracas
Looking for a hotel in Reykjavik or Caracas? Prices vary by location, date, season, and the level of luxury. See below for options and compare which is best for your budget and travel style.
Kayak helps you find the best prices for hotels, flights, and rental cars for destinations around the world. Compare prices for multiple destinations when planning your next trip.
Our Analysis
We've analyzed the average and typical hotel prices based on guest reviews, star ratings, and hotel amenities here: Reykjavik Hotel Prices.
Local Transportation
-
Local Transportation Taxis, local buses, subway, etc.Reykjavik $46Caracas -
Hired Cars and Shuttles in Reykjavik
Also for Reykjavik, here are a few examples of actual transportation services:
- Hveragerdi to Keflavik Airport (KEF) - Deparure Private Transfer: $68
- Airport Transfer (One way) between Keflavik and Reykjavik: $200
- Airport Transfer in Iceland from Keflavik Airport to Reykjavik City With Hotel Drop Off: $36
- Airport Transfer in Iceland from Keflavik Airport to Reykjavik City one way: $29
- Airport Transfer in Iceland from Reykjavik City to Keflavik Airport One Way: $28
- Blue Lagoon Admission Ticket Including Transfer: $268
- Blue Lagoon Entry Ticket with Optional Private or Shared Transfer: $163
- Blue Lagoon One Way Transfer: $185
- Blue Lagoon Return Bus Transfer from Reykjavik: $45
- Blue Lagoon with Private Roundtrip Transfer: $476
- Door to Door Private Blue Lagoon Transfer: $308
- From Reykjavik Port: Private Blue Lagoon Transfer: $1,050
Is it cheaper to fly into Reykjavik or Caracas?
Prices for flights to both Caracas and Reykjavik 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.
Food
-
Food Meals for one dayReykjavik $30Caracas -
Typical Food Prices in Reykjavik
For Reykjavik, here are some examples of average food and meal prices for travelers:
-
Dinner (Fish Market)$178
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 - Visit a Reykjavík home: $98
- Icelandic Food Tour: $124
- The Reykjavik Christmas Food Tour: $128
- 3 Hour Shared Christmas Food Tour with Guide in Reykjavik: $129
- Reykjavik Market & Lunch Food Tour - BitesizedIceland.com: $142
- Reykjavik Old Harbor Food Tour - BitesizedIceland.com: $145
- Private Reykjavik Christmas Food Tour: $209
- Icelandic Cooking Class in Downtown Reykjavik with Musical Hosts: $296
Entertainment
-
Entertainment Entrance tickets, shows, etc.Reykjavik $72Caracas -
Typical Entertainment Prices in Reykjavik
Below are a few sample prices from actual travelers for Reykjavik's activities, tours, and tickets:
-
Art Museum$11
-
Wine and Spa$29
Tours and Activities in Reykjavik
For Reykjavik, here are a few prices for actual activities, tours, and tickets provided by various companies:
- First Discovery Walk and Reading Walking Tour: $3.23
- Reykjavík: City Exploration Game and Tour: $6.46
- Reykjavik Scavenger Hunt and Best Landmarks Self-Guided Tour: $6.55
- Reykjavik Highlights Self-Guided Scavenger Hunt & City Tour: $8.07
- Self-Guided Audio Walking Tour: $9.99
- Explore Reykjavik's Legacy: In-App Audio Tour: $11
- Citywalk Tour - Audioguide in English & German: $11
- Skip the Line: Icelandic Museum of Rock 'n' Roll Admission Ticket: $11
- Geothermal Energy Exhibition Entry Ticket: $18
- Reykjavík: National Museum of Iceland Entry Ticket: $18
- Was James Bond Icelandic? Ticket with One Hour Lecture: $23
- Private audio guide of the island for self-exploration tour: $27
Alcohol
-
Alcohol Drinks for one dayReykjavik $28Caracas -
Typical Alcohol Prices in Reykjavik
Some typical examples of the costs for nightlife and alcohol in Reykjavik are as follows:
-
Beer$8.79
Sample the Local Flavors in Reykjavik
Some specific costs for nightlife related activities in Reykjavik:
- Gin Distillery tour and tasting: $25
- Eimverk Distillery Tour with Tasting: $32
When we compare the travel costs of actual travelers between Reykjavik and Caracas, we can see that Reykjavik is more expensive. And not only is Caracas much less expensive, but it is actually a significantly cheaper destination. Since Reykjavik is in Europe and Caracas is in South America, this is one of the main reasons why the costs are so different, as different regions of the world tend to have overall different travel costs. So, traveling to Caracas would let you spend less money overall. Or, you could decide to spend more money in Caracas and be able to afford a more luxurious travel style by staying in nicer hotels, eating at more expensive restaurants, taking tours, and experiencing more activities. The same level of travel in Reykjavik would naturally cost you much more money, so you would probably want to keep your budget a little tighter in Reykjavik than you might in Caracas.
If you're trying to decide if either of these two destinations are within your price range, also see Is Reykjavik Expensive? and Is Caracas Expensive?.
Which is Bigger, Reykjavik or Caracas?
Caracas has a larger population, and is about 20 times larger than the population of Reykjavik. When comparing the sizes of Reykjavik and Caracas, keep in mind that a larger population does not always imply the destination has more attractions or better activities. So, always research the type of place that you want to visit along with the activities and attractions that interest you.
When is the best time to visit Reykjavik or Caracas?
Reykjavik has a temperate climate with four distinct seasons, but Caracas experiences a warm climate with fairly sunny weather most of the year.
Should I visit Reykjavik or Caracas in the Summer?
Both Caracas and Reykjavik during the summer are popular places to visit. Most visitors come to Reykjavik for the hiking and the family-friendly experiences during these months. Warm weather and sunshine bring visitors to Caracas year-round.
In the summer, Reykjavik is much colder than Caracas. Typically, the summer temperatures in Reykjavik in July average around 11°C (52°F), and Caracas averages at about 27°C (81°F).
In Caracas, it's very sunny this time of the year. In the summer, Reykjavik often gets less sunshine than Caracas. Reykjavik gets 171 hours of sunny skies this time of year, while Caracas receives 242 hours of full sun.
Reykjavik usually gets less rain in July than Caracas. Reykjavik gets 52 mm (2 in) of rain, while Caracas receives 57 mm (2.2 in) of rain this time of the year.
-
Summer Average Temperatures JulyReykjavik 11°C (52°F)Caracas 27°C (81°F)
Should I visit Reykjavik or Caracas in the Autumn?
The autumn attracts plenty of travelers to both Reykjavik and Caracas. The autumn months attract visitors to Reykjavik because of the hiking trails, the shopping scene, and the natural beauty of the area. Caracas attracts visitors year-round for its warm weather and sunny climate.
The weather in Reykjavik can be very cold. In October, Reykjavik is generally much colder than Caracas. Daily temperatures in Reykjavik average around 5°C (41°F), and Caracas fluctuates around 28°C (83°F).
People are often attracted to the plentiful sunshine in Caracas this time of the year. Reykjavik usually receives less sunshine than Caracas during autumn. Reykjavik gets 83 hours of sunny skies, while Caracas receives 208 hours of full sun in the autumn.
In October, Reykjavik usually receives more rain than Caracas. Reykjavik gets 86 mm (3.4 in) of rain, while Caracas receives 56 mm (2.2 in) of rain each month for the autumn.
-
Autumn Average Temperatures OctoberReykjavik 5°C (41°F)Caracas 28°C (83°F)
Should I visit Reykjavik or Caracas in the Winter?
The winter brings many poeple to Reykjavik as well as Caracas. The shopping scene and the cuisine are the main draw to Reykjavik this time of year. The warm climate attracts visitors to Caracas throughout the year.
It's quite cold in Reykjavik in the winter. Reykjavik is much colder than Caracas in the winter. The daily temperature in Reykjavik averages around -0°C (32°F) in January, and Caracas fluctuates around 26°C (78°F).
The sun comes out a lot this time of the year in Caracas. In the winter, Reykjavik often gets less sunshine than Caracas. Reykjavik gets 27 hours of sunny skies this time of year, while Caracas receives 233 hours of full sun.
Reykjavik usually gets more rain in January than Caracas. Reykjavik gets 76 mm (3 in) of rain, while Caracas receives 28 mm (1.1 in) of rain this time of the year.
-
Winter Average Temperatures JanuaryReykjavik -0°C (32°F)Caracas 26°C (78°F)
Should I visit Reykjavik or Caracas in the Spring?
Both Caracas and Reykjavik are popular destinations to visit in the spring with plenty of activities. Many travelers come to Reykjavik for the natural beauty. Plenty of visitors come to Caracas because of the warm climate and sunshine that lasts throughout the year.
Be prepared for some very cold days in Reykjavik. In the spring, Reykjavik is much colder than Caracas. Typically, the spring temperatures in Reykjavik in April average around 3°C (38°F), and Caracas averages at about 27°C (80°F).
Reykjavik usually receives less sunshine than Caracas during spring. Reykjavik gets 140 hours of sunny skies, while Caracas receives 183 hours of full sun in the spring.
In April, Reykjavik usually receives more rain than Caracas. Reykjavik gets 58 mm (2.3 in) of rain, while Caracas receives 29 mm (1.1 in) of rain each month for the spring.
-
Spring Average Temperatures AprilReykjavik 3°C (38°F)Caracas 27°C (80°F)
Typical Weather for Caracas and Reykjavik
| Reykjavik | Caracas | |||
|---|---|---|---|---|
| Temp (°C) | Rain (mm) | Temp (°C) | Rain (mm) | |
| Jan | -0°C (32°F) | 76 mm (3 in) | 26°C (78°F) | 28 mm (1.1 in) |
| Feb | 1°C (33°F) | 72 mm (2.8 in) | 25°C (78°F) | 17 mm (0.7 in) |
| Mar | 1°C (34°F) | 82 mm (3.2 in) | 26°C (78°F) | 22 mm (0.9 in) |
| Apr | 3°C (38°F) | 58 mm (2.3 in) | 27°C (80°F) | 29 mm (1.1 in) |
| May | 7°C (44°F) | 44 mm (1.7 in) | 27°C (81°F) | 36 mm (1.4 in) |
| Jun | 10°C (49°F) | 50 mm (2 in) | 28°C (82°F) | 53 mm (2.1 in) |
| Jul | 11°C (52°F) | 52 mm (2 in) | 27°C (81°F) | 57 mm (2.2 in) |
| Aug | 11°C (52°F) | 62 mm (2.4 in) | 28°C (82°F) | 50 mm (2 in) |
| Sep | 8°C (46°F) | 67 mm (2.6 in) | 28°C (83°F) | 54 mm (2.1 in) |
| Oct | 5°C (41°F) | 86 mm (3.4 in) | 28°C (83°F) | 56 mm (2.2 in) |
| Nov | 1°C (35°F) | 73 mm (2.9 in) | 28°C (82°F) | 54 mm (2.1 in) |
| Dec | 0°C (32°F) | 79 mm (3.1 in) | 26°C (80°F) | 54 mm (2.1 in) |
Budget Your Trip is all about finding out how much everything costs so that you can travel cheaper and longer. Created by avid travelers Laurie and Bryan, our goal is to help you plan your next trip on the right budget. With average daily travel costs that are calculated from the budgets of real travelers, plus an analysis of hotel and tour prices, you can find out how much money you need to plan your next adventure. We also have plenty of travel advice, accommodation reviews, and activity suggestions.