Is Reykjavik expensive to visit?
Reykjavik is a popular destination that is also moderately priced. It falls in the middle range of travel cost prices globaly with a daily average travel cost of $249. If we compare it to the rest of Europe, which is known to be an expensive region, it is a moderately priced place to visit. It ranks in the top 50% of cities in Europe for its travel costs. Its travel costs are comparable with places such as Venice and Paris.
Reykjavik, Iceland
How expensive is Reykjavik?
Travelers spend an average of $249 per day when visiting Reykjavik (U.S. Dollars). This is according to our calculations which come from the expenses of previous visitors. While this is an average cost, prices can vary by travel style, the length of your trip, and other factors. You can stay fairly close to this average if you stay at moderately priced hotels, eat at affordable restaurants, and take public transportation when possible. See more travel costs for Reykjavik here.
How expensive is a weekend trip (three days) to Reykjavik?
Based on the travel expenses of others, a weekend trip to Reykjavik costs around $748 on average, per person. This includes food, sightseeing, local transportation, accommodation, and nightlife. For two people, a weekend trip costs $1,496.
How expensive is a one week (7-day) trip to Reykjavik?
Based on our calculations from previous travelers, a one week trip to Reykjavik will cost around $1,745 per person. This amount includes sightseeing activities, hotels, restaurants, local transportation, and other travel expenses. For two people, a one week trip would cost $3,490.
Is it expensive to backpack in Reykjavik?
With more than 9 hostels around town, Reykjavik is a fairly popular backpacker destination. Hostels usually cost an average of $40 per night. There's a wide range in prices here, as the cheapest beds cost around $25. The most expensive dorm beds will cost more than $68 at times, too. (See hostel prices in Reykjavik here.)
Here are a few sample prices from popular hostels in Reykjavik.
- $34 for a dorm bed at KEX Hostel
- $28 for a dorm bed at Bus Hostel Reykjavik
- $41 for a dorm bed at Reykjavik - Loft HI Eco Hostel
Are hotels expensive in Reykjavik?
Examining hotel prices in Reykjavik, we can see that they are very affordable when compared to hotels in other cities. The average cost for a night in a hotel room is approximately $131. The city is equipped with about 4 five-star hotels, boasting an average nightly rate of $264. For travelers aiming for a comfortable yet budget-conscious stay, three-star hotels come in at an average of $142 per night, while two-star hotels offer a more pocket-friendly choice at $69 per night.
Hotels by star rating in Reykjavik
| Rating | Number of Hotels | Average Hotel Price |
|---|---|---|
| 5 stars | 4 | $264 |
| 4 stars | 29 | $150 |
| 3 stars | 60 | $142 |
| 2 stars | 21 | $69 |
| 1 star | 3 | $130 |
| No rating | 2 | $182 |
How expensive are sightseeing activities in Reykjavik?
In Reykjavik, the cost of activities and things to do can vary by the type of activity, its length, and the location. To provide an estimate of what to expect during your visit, below are several popular activities that are common in the area. On average, previous travelers have spent around $73 per day on sightseeing and entertainment, which is more than the country's average of $41.
- 3hr Volcanic Springs ATV Adventure from Reykjavik: $299
- South Coast Summer Day Tour by Minibus from Reykjavik: $165
- Full Day Golden Circle - Guided Tour: $268
- 1hr ATV & Golden Circle Adventure from Reykjavik: $276
- Golden Circle Small Group Day Tour: $90
- Reykjavík Walking Tour with access to private club: $174
- Private Reykjavik Cat Walking Tour: $149
- Cold & Hot: Adventure Spa Tour Combo: Silfra & Sky Lagoon Self-Drive: $210
Is food expensive in Reykjavik?
In Reykjavik, the cost of food can vary by the type of restaurant and food options available. To save money, eat at less expensive restaurants, try street food, or cook your own meals when possible. On average, previous travelers have spent around $31 per day on food, which is less than the country's average of $34.
- Reykjavik Old Harbor Food Tour: $145
- 3 Hour Shared Christmas Food Tour with Guide in Reykjavik: $129
- Weekend Reykjavik Food Tour with a stop at the Reykjavik Flea Market: $125
- Icelandic Cooking Class in Downtown Reykjavik with Musical Hosts: $296
- The Reykjavik Christmas Food Tour: $127
- Reykjavik Market & Lunch Food Tour - BitesizedIceland.com: $141
Is transportation expensive in Reykjavik?
Local transportation in Reykjavik can vary in price depending on the type of transit used. Generally, other travelers have spent $46 on local transportation per person per day, which is more than the country's average of $30. To save money, take public transit whenever possible, as it will almost always be cheaper than a taxi or private driver.
More for Reykjavik
If you're planning a trip to Reykjavik, Iceland, check out these other informative travel guides.
We've been gathering travel costs from tens of thousands of actual travelers since 2010, and we use the data to calculate average daily travel costs for destinations around the world. We also systematically analyze the prices of hotels, hostels, and tours from travel providers such as Kayak, HostelWorld, TourRadar, Viator, and others. This combination of expenses from actual travelers, combined with pricing data from major travel companies, gives us a uniqe insight into the overall cost of travel for thousands of cities in countries around the world. You can see more here: How it Works.
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.