Which place is cheaper, Lima or Reykjavik?
These are the overall average travel costs for the two destinations. These travel costs come from the actual spending of real travelers.
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Should you visit Reykjavik or Lima?
Which is cheaper to visit? Which is more expensive for vacation?
If you're trying to decide where to visit between Reykjavik or Lima, 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 Lima?
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.
Lima
Lima, the capital city of Peru, is likely to be your point of entry for the country. Lima was founded in 1535 and was the seat of the Spanish rule for 300 years. It's a surprisingly modern city despite its rich history, but many beautiful churches and colonial architecture remain today. There are also large slum areas that highlight the poverty that exists in the city. The city and its surrounding metropolitan area have a population of about 8.5 million people, many of whom came from the Andes Mountains in search of work. Unfortunately the work opportunities are limited and the poverty is obvious as you arrive in Lima.
For some great organized tour ideas, see The Best Budget Tours to Iceland, The Best Tours for Seniors to Iceland, Tours for Outdoor and Nature Lovers in Peru, and The Best Adventure Tours to Peru.
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Reykjavik Prices
Iceland PricesLima Prices
Peru Prices -
Average Daily Cost Per person, per dayReykjavik $304Lima $98
The average daily cost (per person) in Reykjavik is $304, while the average daily cost in Lima is $98. 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 Lima in more detail.
Accommodation
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Accommodation Hotel or hostel for one personReykjavik $158Lima $54
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Accommodation Typical double-occupancy roomReykjavik $316Lima $108
Compare Hotels in Reykjavik and Lima
Looking for a hotel in Reykjavik or Lima? 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 Lima Hotel Prices.
Local Transportation
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Local Transportation Taxis, local buses, subway, etc.Reykjavik $52Lima $6.25
Hired Cars and Shuttles in Reykjavik
Also for Reykjavik, here are a few examples of actual transportation services:
- From Reykjavik/Keflavik Airport: 1-Way Blue Lagoon Transfer: $31
- Private Transfer Between Keflavik Airport and Reykjavik locations: $35
- Keflavik Airport (KEF): Bus Transfer to/from Reykjavik: $38
- Airport Transfer: Keflavik Airport to Reykjavik Center in Iceland: $39
- Iceland Airport Transfer from Reykjavík Hotels to KEF Airport: $52
- Roundtrip Bus Transfer to the Blue Lagoon: $59
- From Reykjavík: Private Transfer From OR To Blue Lagoon: $59
- Keflavik Airport (KEF): Private Transfer to/from Reykjavik: $70
- Reykjavik - Westman Islands (Bus transfer to Landeyjahöfn): $70
- Reykjavik & Keflavik Blue Lagoon Transfer with Scenic Stops: $77
- Private Airport Transfer Keflavík Reykjavík and Blue lagoon: $82
- Reykjavik/Keflavik: Blue Lagoon Private Transfer: $84
Typical Local Transportation Prices in Lima
Some typical examples of transportation costs in Lima are as follows:
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Taxi Ride$5.92
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Taxi Ride$5.92
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Short Taxi Ride$4.44
Hired Cars and Shuttles in Lima
Some specific examples of transportation prices in Lima:
- Transfer in Private Van from the Airport to Hotels in Lima: $60
- Transfer from the Airport to Hotel/Airbnb Miraflores/San Isidro/Barranco: $21
- Transfer from Lima city to the airport: $20
- Transfer from Lima Airport to your hotel and vice versa: $175
- Transfer from Hotel/Airbnb Miraflores/San Isidro/Barranco to Airport: $21
- Transfer by car from the airport to the hotel: $60
- Tour Night Magic Water Park and Ravine with Transfer: $49
- Tour Magic Water Park in Lima with Small Group Transfer: $38
- SHARED AIRPORT TRANSFER - From or To Lima Airport: $11
- QuickLlama: Transfer from Miraflores Kennedy Park to Lima Airport: $5.95
- Private taxi transfer: Lima Jorge Chávez Airport – Safe: $16
- Private Transfer from Pisco Port to Jorge Chavez Airport (LIM): $198
Is it cheaper to fly into Reykjavik or Lima?
Prices for flights to both Lima 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 $59Lima $33
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)$202
Food Tours and Cooking Classes in Reykjavik
For Reykjavik, here are some samples of tours and activities related to meals and dining experiences:
- Harbor Cruise with 3-Course Dinner: $137
- Harbor Cruise with Three Course Dinner from Reykjavik: $139
- Food Tour by locals: $140
- Authentic Reykjavik Food Tour with Flea Market Delights: $146
- Icelandic Food Tour: $147
- Reykjavík Food Tour with 5 Authentic Local Tastings & Secret Dish: $153
- Food Tour with 6+ Tastings of Icelandic Classics: $154
- The Reykjavik Christmas Food Tour: $171
- Christmas Food Tour with Tastings and Drinks: $171
- Private Reykjavik Christmas Food Tour: $241
- Private Vegetarian Reykjavik Food Tour: $241
- Authentic Icelandic Cooking Class in a Local Reykjavik Home: $285
Typical Food Prices in Lima
Some typical examples of dining costs in Lima are as follows:
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Lunch for Two$4.74
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Ice cream$3.85
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Coffee$3.26
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Donut$1.04
Food Tours and Cooking Classes in Lima
Also, here are some specific examples of food and dining related activities in Lima.
- Food Tours on the Forbidden Side of Lima with Elite DRONE FOOTAGE: $2.50
- Local Food Tour at an Iconic Market!!: $24
- Private Churros Cooking Class, Miraflores & Hotel Pickup: $43
- Lima Street Food Tour: Taste Authentic Peruvian Delights: $45
- Miraflores Cooking Class Ceviche, Tartar & Pisco Sour: $45
- Dinner with Folkloric Show at Casa Tambo Restaurant: $46
- #1 Rated Lima Cooking Class: Make Ceviche, Causa & Pisco Sours!: $49
- Lima Street Food Tour : Try the best Peruvian street food: $49
- Lima Food Tour & Market Experience: 13 Peruvian Bites: $50
- Food Tour and Market Experience: 12 Peruvian Snacks: $50
- Andean Breads Cooking Class in Lima: $55
- Limeno Bites Food Tour with 14+ Tastings: $55
Entertainment
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Entertainment Entrance tickets, shows, etc.Reykjavik $82Lima $9.44
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$12
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Wine and Spa$33
Tours and Activities in Reykjavik
For Reykjavik, here are a few prices for actual activities, tours, and tickets provided by various companies:
- Reykjavik Audio Guided Walking Tour 2h30 and 20 reviews: $6.94
- Reykjavik Viking Roots to Modern Marvels Self Guided Walking Tour: $7.00
- Reykjavík Walking Tour with Audioguide on your Smartphone: $9.39
- A Self-Guided Thingvellir National Park Walking Tour: $9.99
- TOP Iceland : Private Guided Tour with your mobile: $12
- Self Guided Golden Circle Audio Driving Tour GPS APP Offline: $12
- Reykjavík: National Museum of Iceland Entry Ticket: $21
- Reykjavik Art Museum Entry Ticket: $21
- Skip the Line: The National Museum of Iceland Ticket: $24
- Volcano Express Entry Ticket at Harpa: $24
- Mosfellsbæ: Authentic Icelandic Wool Yarn Factory Tour: $26
- Icelandic Phallological Museum Entry Ticket: $29
Typical Entertainment Prices in Lima
Some typical examples of activities, tours, and entrance ticket prices in Lima are as follows:
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Entrance to Museo Larco (for 2)$18
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Movie Tickets$2.52
Tours and Activities in Lima
Some specific costs of activities, tours, and entrance tickets for Lima are as follows:
- 1 Day Tour to Huacachina from Lima (Dunebuggy + Vineyards): $225
- 1 day tour in Ica Peru: $200
- 2 Day Tour from Nazca Lines Flight, Paracas, and Huacachina: $265
- 2 Day Tour from Paracas, Ballestas Island and Huacachina: $134
- 2 Day Tour from Paracas, Huacachina, Tunnels & Vineyard: $134
- 2D Tour from Lima Paracas and Huacachina with Night in Huacachina: $230
- 3 Day Tour From Paracas, Huacachina Oasis & Pisco Vineyard: $159
- 3 Day Tour from Nazca Lines Flight, Paracas, and Huacachina: $289
- 3 Days Tour of Paracas Huacachina and Nazca: $275
- 3 Hour Private Electric Scooter Tour of Lima: $75
- 3 Hours Walking Tour of Lima Old Town and Catacumbs: $59
- 3-Day Tour Discover Paracas and Huacachina from Lima: $260
Alcohol
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Alcohol Drinks for one dayReykjavik $32Lima $6.14
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$9.96
Sample the Local Flavors in Reykjavik
Some specific costs for nightlife related activities in Reykjavik:
- Eimverk Distillery Guided Tour with Tasting: $48
- Craft Beer and Brewery Tour in Iceland: $48
- Reykjavík Pub Crawl Tour with Drinks and Games: $152
- Icelandic Bar Crawl Experience: $162
Typical Alcohol Prices in Lima
Some typical examples of the costs for nightlife and alcohol in Lima are as follows:
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Bottle of Wine$7.96
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Beer$4.44
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Cocktail$3.55
Sample the Local Flavors in Lima
Some specific costs for nightlife related activities in Lima:
- Free Pub Crawl: $5.00
- Discover Barranco's Nightlife with Bar Crawl Lima: $20
- Discover Miraflores nightlife with Bar Crawl Lima: $24
- Gin and Rum Distillery Tour: $24
- Lima Nightlife Tour & Society – Cultural Pub Crawl: $50
When we compare the travel costs of actual travelers between Reykjavik and Lima, we can see that Reykjavik is more expensive. And not only is Lima much less expensive, but it is actually a significantly cheaper destination. Since Reykjavik is in Europe and Lima 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 Lima would let you spend less money overall. Or, you could decide to spend more money in Lima 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 Lima.
If you're trying to decide if either of these two destinations are within your price range, also see Is Reykjavik Expensive? and Is Lima Expensive?.
Which is Bigger, Reykjavik or Lima?
Lima has a larger population, and is about 70 times larger than the population of Reykjavik. When comparing the sizes of Reykjavik and Lima, 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 Lima?
Reykjavik has a temperate climate with four distinct seasons, but Lima experiences a warm climate with fairly sunny weather most of the year.
Should I visit Reykjavik or Lima in the Summer?
The summer brings many poeple to Reykjavik as well as Lima. Many travelers come to Reykjavik for the hiking and the family-friendly experiences. The warm climate attracts visitors to Lima throughout the year.
Reykjavik is much colder than Lima in the summer. The daily temperature in Reykjavik averages around 11°C (52°F) in July, and Lima fluctuates around 18°C (64°F).
In the summer, Reykjavik often gets more sunshine than Lima. Reykjavik gets 171 hours of sunny skies this time of year, while Lima receives 36 hours of full sun.
Reykjavik usually gets more rain in July than Lima. Reykjavik gets 52 mm (2 in) of rain, while Lima receives 12 mm (0.5 in) of rain this time of the year.
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Summer Average Temperatures JulyReykjavik 11°C (52°F)Lima 18°C (64°F)
Should I visit Reykjavik or Lima in the Autumn?
Both Lima and Reykjavik are popular destinations to visit in the autumn with plenty of activities. Many visitors come to Reykjavik in the autumn for the hiking trails, the shopping scene, and the natural beauty of the area. Plenty of visitors come to Lima because of the warm climate and sunshine that lasts throughout the year.
Reykjavik can get quite cold in the autumn. In the autumn, Reykjavik is much colder than Lima. Typically, the autumn temperatures in Reykjavik in October average around 5°C (41°F), and Lima averages at about 19°C (66°F).
Reykjavik usually receives more sunshine than Lima during autumn. Reykjavik gets 83 hours of sunny skies, while Lima receives 60 hours of full sun in the autumn.
In October, Reykjavik usually receives more rain than Lima. Reykjavik gets 86 mm (3.4 in) of rain, while Lima receives 7 mm (0.3 in) of rain each month for the autumn.
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Autumn Average Temperatures OctoberReykjavik 5°C (41°F)Lima 19°C (66°F)
Should I visit Reykjavik or Lima in the Winter?
Both Lima and Reykjavik during the winter are popular places to visit. Most visitors come to Reykjavik for the shopping scene and the cuisine during these months. Warm weather and sunshine bring visitors to Lima year-round.
Reykjavik can be very cold during winter. In January, Reykjavik is generally much colder than Lima. Daily temperatures in Reykjavik average around -0°C (32°F), and Lima fluctuates around 23°C (73°F).
In the winter, Reykjavik often gets less sunshine than Lima. Reykjavik gets 27 hours of sunny skies this time of year, while Lima receives 185 hours of full sun.
Reykjavik usually gets more rain in January than Lima. Reykjavik gets 76 mm (3 in) of rain, while Lima receives 4 mm (0.2 in) of rain this time of the year.
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Winter Average Temperatures JanuaryReykjavik -0°C (32°F)Lima 23°C (73°F)
Should I visit Reykjavik or Lima in the Spring?
The spring attracts plenty of travelers to both Reykjavik and Lima. The spring months attract visitors to Reykjavik because of the natural beauty. Lima attracts visitors year-round for its warm weather and sunny climate.
The weather in Reykjavik can be very cold. Reykjavik is much colder than Lima in the spring. The daily temperature in Reykjavik averages around 3°C (38°F) in April, and Lima fluctuates around 22°C (72°F).
Reykjavik usually receives less sunshine than Lima during spring. Reykjavik gets 140 hours of sunny skies, while Lima receives 182 hours of full sun in the spring.
In April, Reykjavik usually receives more rain than Lima. Reykjavik gets 58 mm (2.3 in) of rain, while Lima receives 2 mm (0.1 in) of rain each month for the spring.
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Spring Average Temperatures AprilReykjavik 3°C (38°F)Lima 22°C (72°F)
Typical Weather for Lima and Reykjavik
| Reykjavik | Lima | |||
|---|---|---|---|---|
| Temp (°C) | Rain (mm) | Temp (°C) | Rain (mm) | |
| Jan | -0°C (32°F) | 76 mm (3 in) | 23°C (73°F) | 4 mm (0.2 in) |
| Feb | 1°C (33°F) | 72 mm (2.8 in) | 24°C (75°F) | 2 mm (0.1 in) |
| Mar | 1°C (34°F) | 82 mm (3.2 in) | 23°C (73°F) | 3 mm (0.1 in) |
| Apr | 3°C (38°F) | 58 mm (2.3 in) | 22°C (72°F) | 2 mm (0.1 in) |
| May | 7°C (44°F) | 44 mm (1.7 in) | 20°C (68°F) | 5 mm (0.2 in) |
| Jun | 10°C (49°F) | 50 mm (2 in) | 19°C (66°F) | 11 mm (0.4 in) |
| Jul | 11°C (52°F) | 52 mm (2 in) | 18°C (64°F) | 12 mm (0.5 in) |
| Aug | 11°C (52°F) | 62 mm (2.4 in) | 17°C (63°F) | 15 mm (0.6 in) |
| Sep | 8°C (46°F) | 67 mm (2.6 in) | 18°C (64°F) | 13 mm (0.5 in) |
| Oct | 5°C (41°F) | 86 mm (3.4 in) | 19°C (66°F) | 7 mm (0.3 in) |
| Nov | 1°C (35°F) | 73 mm (2.9 in) | 20°C (68°F) | 5 mm (0.2 in) |
| Dec | 0°C (32°F) | 79 mm (3.1 in) | 22°C (72°F) | 3 mm (0.1 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.