Which place is cheaper, Reykjavik or Ulaanbaatar?
These are the overall average travel costs for the two destinations.
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Should you visit Ulaanbaatar or Reykjavik?
Which is cheaper to visit? Which is more expensive for vacation?
Should I visit Ulaanbaatar or Reykjavik? This is a common question asked by many travelers. By figuring out which city has activities that align with your interests along with knowing which is more affordable, you'll understand where you can get more bang for your buck. So, let's dive into the details and the data, which all comes from actual travelers.
Where Should I go: Ulaanbaatar or Reykjavik?
Ulaanbaatar
Ulaanbaatar is Mongolia's capital city. It has a population of slightly over two million people, or about sixty percent of the country's entire population. You are likely to arrive in Ulaanbaatar either by train, coming from China or Russia, or by plane. Many people use Ulaanbaatar as a stop off while doing the Transsiberian Railway. The city is a great place to organize a tour of the surrounding countryside. It's also good city to relax, so make sure you allow yourself a few days to recover from your tour, enjoy some of the great food options, and see some of the fascinating cultural sights around town.
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.
For some great organized tour ideas, see Tours for Outdoor and Nature Lovers in Mongolia, The Best Adventure Tours to Mongolia, The Best Budget Tours to Iceland, and The Best Tours for Seniors to Iceland.
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Average Daily Cost Per person, per dayUlaanbaatar $25Reykjavik $246
The average daily cost (per person) in Ulaanbaatar is $25, while the average daily cost in Reykjavik is $246. 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 Ulaanbaatar and Reykjavik in more detail.
Accommodation
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Accommodation Hotel or hostel for one personUlaanbaatar $12Reykjavik $139
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Accommodation Typical double-occupancy roomUlaanbaatar $24Reykjavik $278
Compare Hotels in Ulaanbaatar and Reykjavik
Looking for a hotel in Ulaanbaatar or Reykjavik? 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: Ulaanbaatar Hotel Prices and Reykjavik Hotel Prices.
Local Transportation
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Local Transportation Taxis, local buses, subway, etc.Ulaanbaatar $2.91Reykjavik $46
Hired Cars and Shuttles in Ulaanbaatar
Some specific examples of transportation prices in Ulaanbaatar:
- Private Transfer to Ulaanbaatar Airport ULN by Business Vehicle: $28
- Private Transfer from Ulaanbaatar to or from Terelj National Park: $60
- Private Transfer from Chinggis Khaan Airport to Ulaanbaatar: $37
- Private Transfer Ulaanbaatar Airport ULN to Ulaanbaatar City : $28
- Private Departure Transfer: Ulaanbaatar Airport: $40
- New Ulaanbaatar International Airport Transfer Service: $45
- Mongolia Airport Transfer & Taxi Service -BEST!: $18
- Airport transfer service: $50
- Airport - Ulaanbaatar transfer service: $40
- 2024 Ulaanbaatar Airport Transfer & Taxi Shuttle Service - Best!: $18
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 Ulaanbaatar or Reykjavik?
Prices for flights to both Reykjavik and Ulaanbaatar 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 dayUlaanbaatar $8.94Reykjavik $30
Food Tours and Cooking Classes in Ulaanbaatar
Also, here are some specific examples of food and dining related activities in Ulaanbaatar.
- Cooking Class in a Traditional Ger Home in Ulaanbaatar Suburbs: $100
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
Entertainment
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Entertainment Entrance tickets, shows, etc.Ulaanbaatar $4.42Reykjavik $72
Tours and Activities in Ulaanbaatar
Here are a few actual costs in Ulaanbaatar for available activities, ticket prices, and tours:
- 1 Day Chinggis Khaan Statue & Terelj National Park Private tour: $180
- 1 Day Coach Tour of Genghis Khan Statue Complex and Terelj National Park Including Lunch: $83
- 1 Day Coach Tour of Terelj National Park Including Lunch And Free Camel Ride: $83
- 1 Day Semi-Gobi All-included tour : $141
- 1 Day Semi-Gobi Tour Including Lunch And Free Camel +Bonus Khustai National Park: $169
- 1 Day Semi-Gobi Tour Including Lunch And Free Camel or Horseback Ride: $145
- 1 Day Tour: Terelj National Park And Chinggis Statue: $193
- 1 Session with Shaman and know your future tour: $149
- 1 day tour Chinggis khan statue, Terelj national park: $95
- 12 day Great Gobi and Central Mongolia full adventure: $1,950
- 2 Day Horse ride and Terelj national park tour: $350
- 2 Day Local experience by train visit Tunkhel town: $340
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
Alcohol
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Alcohol Drinks for one dayUlaanbaatar $3.83Reykjavik $28
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
When we compare the travel costs of actual travelers between Ulaanbaatar and Reykjavik, we can see that Reykjavik is more expensive. And not only is Ulaanbaatar much less expensive, but it is actually a significantly cheaper destination. Since Ulaanbaatar is in Asia and Reykjavik is in Europe, 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 Ulaanbaatar would let you spend less money overall. Or, you could decide to spend more money in Ulaanbaatar 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 Ulaanbaatar.
If you're trying to decide if either of these two destinations are within your price range, also see Is Ulaanbaatar Expensive? and Is Reykjavik Expensive?.
Which is Bigger, Ulaanbaatar or Reykjavik?
Ulaanbaatar has a larger population, and is about 7 times larger than the population of Reykjavik. When comparing the sizes of Ulaanbaatar and Reykjavik, 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.