Which place is cheaper, Cusco or Reykjavik?
These are the overall average travel costs for the two destinations.
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Should you visit Reykjavik or Cusco?
Which is cheaper to visit? Which is more expensive for vacation?
If you're trying to decide where to visit between Reykjavik or Cusco, 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 Cusco?
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.
Cusco
Cusco is most famous as the historic capital of the Inca Empire. It is in the southern Sierras and is one of the most popular travel destinations within Peru. The city is located at 3,400 meters above sea level so it is best to acclimate yourself slowly to avoid altitude sickness.
Cusco is the starting point for many travelers making their way to the famed Machu Picchu or other Inca sites in the surrounding area.
The city is very beautiful and has impressive architecture throughout. The history is obvious as you walk around town and there are impressive ruins nearby, with the most impressive being Sacsayhuaman. The city also has a significant indigenous population that is obvious from their traditional clothing and style.
Cusco has a subtropical highland climate with a pleasant daytime temperature year around. There are two distinct seasons with the dry season being between May and August and the wet season between December and March. During the dry season there is plenty of sun with occasional nighttime freezes. Frost is less common in the wet season.
For some great organized tour ideas, see The Best Budget Tours to Iceland, The Best Tours for Seniors to Iceland, The Best One-Week (7-Day) Tours from Cusco, and The Best 3-Day Tours from Cusco.
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Average Daily Cost Per person, per dayReykjavik $246Cusco $50
The average daily cost (per person) in Reykjavik is $246, while the average daily cost in Cusco is $50. 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 Cusco in more detail.
Accommodation
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Accommodation Hotel or hostel for one personReykjavik $139Cusco $23
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Accommodation Typical double-occupancy roomReykjavik $278Cusco $46
Compare Hotels in Reykjavik and Cusco
Looking for a hotel in Reykjavik or Cusco? 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 and Cusco Hotel Prices.
Local Transportation
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Local Transportation Taxis, local buses, subway, etc.Reykjavik $46Cusco $9.96
Hired Cars and Shuttles in Reykjavik
Also for Reykjavik, here are a few examples of actual transportation services:
- Reykjavik Airport (RKV) to Bláfjöll - Arrival Private Transfer: $22
- Skálafell to Reykjavik Airport (RKV) - Departure Private Transfer: $22
- Reykjavik Airport (RKV) to Skálafell - Arrival Private Transfer: $22
- Keflavik Airport & Reykjavik Hotels: Economy Bus Transfer: $27
- Keflavik Airport (KEF): Bus Transfer to/from Reykjavik: $27
- Iceland: Airport Transfer Between Reykjavík Center and Keflavík : $28
- Iceland: Airport Transfers between Keflavík and Reykjavik Center: $28
- Airport Transfer in Iceland from Reykjavik City to Keflavik Airport One Way: $28
- Airport Transfer in Iceland from Keflavik Airport to Reykjavik City one way: $29
- Keflavík Airport (KEF): Bus Transfer to/from Reykjavik: $29
- Airport Transfer in Iceland from Keflavik Airport to Reykjavik City With Hotel Drop Off: $36
- Iceland Airport Transfer from Reykjavík Hotels to KEF Airport: $38
Typical Local Transportation Prices in Cusco
Below are a few samples from actual travelers for transportation costs in Cusco:
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Taxi Ride$1.07
Hired Cars and Shuttles in Cusco
Some specific examples of transportation prices in Cusco:
- Try find your better than us ! Airport transfer service in Cusco HTL-APT (CUZ): $18
- Transfers in Cusco: $6.00
- Transfer to Ollantaytambo from Urubamba: $36
- Transfer to Ollantaytambo from Cusco: $49
- Transfer from Cusco Airport to the Sacred Valley: $30
- Transfer from Cusco Airport to the Hotel (Cusco): $17
- Transfer Hotel to Airport in Cusco | Private Service |: $10
- Transfer From Cusco Airport: $10
- Transfer Cusco_Ollantaytambo or vice versa with city tour and Pisac: $140
- Transfer Cusco to Poroy: $20
- Transfer Cusco Airport - Hotel or vice versa.: $20
- Transfer Cusco Airport - Hotel or Train Station: $12
Is it cheaper to fly into Reykjavik or Cusco?
Prices for flights to both Cusco 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
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Food Meals for one dayReykjavik $30Cusco $13
Typical Food Prices in Reykjavik
For Reykjavik, here are some examples of average food and meal prices for travelers:
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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
Typical Food Prices in Cusco
Some typical examples of dining costs in Cusco are as follows:
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Sandwich$2.15
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Mango$0.54
Food Tours and Cooking Classes in Cusco
Also, here are some specific examples of food and dining related activities in Cusco.
- Small-Group Virtual Ceviche Cooking Experience: $25
- Folkloric Andean Show & 3-Course Dinner at Tunupa: $35
- CUSCO COOKING CLASS LUNCH - Quick Culinary Dive: $37
- 3-Hour Peruvian Cooking Class: $49
- Market Tour & Traditional Peruvian Cooking Class in Cusco: $53
- Cooking Class and market tour with a local chef: $56
- Peruvian Cooking Class and Local Market in Cusco: $59
- Dinner at Inkaterra Hacienda Urubamba Hotel: $65
- Peruvian Market Tour And Cooking Class in Cusco: $65
- Peruvian Cooking Class, Cocktails & Local Market Tour: $65
- Peruvian Cooking Class & Market Tour: $65
- Awamaki Cooking Class: $68
Entertainment
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Entertainment Entrance tickets, shows, etc.Reykjavik $72Cusco $29
Typical Entertainment Prices in Reykjavik
Below are a few sample prices from actual travelers for Reykjavik's activities, tours, and tickets:
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Art Museum$11
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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
Typical Entertainment Prices in Cusco
Some typical examples of activities, tours, and entrance ticket prices in Cusco are as follows:
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Salsa Class$2.69
Tours and Activities in Cusco
Some specific costs of activities, tours, and entrance tickets for Cusco are as follows:
- 2 Day Pisac Ollantaytambo Salt flats Moray Sacred Valley Tour: $297
- City Tour Cusco / Tour in the City: $12
- City tour of Cusco by E-BIKE: $131
- Colorful mountain adventure with a slightly steep hike: $48
- Half- Day City Tour Cusco : $150
- Moray saltmines ATV (Cuatrimotos) Tour: $68
- Night Tour in Cusco Private Service: $90
- Official Machupicchu Ticket: $96
- Official Ticket Football Day tour In Cusco with Tourism Guide: $100
- Official Ticket- Machu Picchu Lost Citadel: $72
- Private Tour to Sacred Valley Full Day from Cusco: $130
- Sacred Valley Tour in Cusco : $47
Alcohol
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Alcohol Drinks for one dayReykjavik $28Cusco $9.46
Typical Alcohol Prices in Reykjavik
Some typical examples of the costs for nightlife and alcohol in Reykjavik are as follows:
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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
Sample the Local Flavors in Cusco
Also in Cusco, these are the prices for nightlife and alcohol related activities from various tour providers:
- Cusco Pub Crawl - Bar Tour Cusco : $18
- Cusco Pub Crawl: Cusco Bar Hopping Experience : $18
- Exclusive Pub Crawl with 10+ benefits: $18
- Pub Crawl with Skip-the-Line Access and Drinks: $18
- Exclusive Pub Crawl with more than 10 Benefits: $25
When we compare the travel costs of actual travelers between Reykjavik and Cusco, we can see that Reykjavik is more expensive. And not only is Cusco much less expensive, but it is actually a significantly cheaper destination. Since Reykjavik is in Europe and Cusco 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 Cusco would let you spend less money overall. Or, you could decide to spend more money in Cusco 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 Cusco.
If you're trying to decide if either of these two destinations are within your price range, also see Is Reykjavik Expensive? and Is Cusco Expensive?.
Which is Bigger, Reykjavik or Cusco?
Cusco has a larger population, and is about 3 times larger than the population of Reykjavik. When comparing the sizes of Reykjavik and Cusco, 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.
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.