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What Does A Trip To Iceland Cost


Modified: December 28, 2023

by Livvyy Wynn



Embarking on a trip to Iceland is an exciting and memorable experience that offers stunning natural landscapes, unique cultural encounters, and the opportunity to immerse yourself in the land of fire and ice. From towering waterfalls to majestic glaciers, volcanoes to hot springs, Iceland is a country that truly has it all. However, before embarking on your Icelandic adventure, it’s important to have a clear understanding of the costs involved. In this article, we will explore the various expenses you can expect when planning a trip to Iceland.


When it comes to costs, it’s important to note that Iceland is known for being a relatively expensive destination. However, with careful planning and smart budgeting, it is still possible to have a remarkable experience without breaking the bank. From flights and accommodation to transportation and dining, we will cover all the essential aspects to help you estimate your expenses and make informed decisions.


It’s worth noting that the cost of a trip to Iceland can vary depending on factors such as the time of year, duration of stay, and personal preferences. It’s always a good idea to research and compare prices, take advantage of deals and discounts, and plan ahead to make the most of your budget.


So, let’s dive in and explore the costs associated with a trip to Iceland. From flights to accommodation, transportation to dining, attractions to souvenirs, we will guide you through the various expenses to help you plan your dream Icelandic getaway within your desired budget.


Flights to Iceland

When planning your trip to Iceland, one of the most significant expenses will be the cost of airfare. The price of flights can vary depending on factors such as the time of year, the airline you choose, and how far in advance you book.


Iceland has its own flag carrier, Icelandair, which offers direct flights from many major cities around the world. Other airlines, such as WOW Air and Norwegian Air, also operate flights to Iceland, often at competitive rates. It’s advisable to compare prices from various airlines to find the best deal for your travel dates.


The time of year can significantly impact flight prices to Iceland. Summer, particularly the months of June, July, and August, tends to be the most popular time to visit due to the long daylight hours and mild weather. This increased demand can lead to higher airfare prices. On the other hand, visiting during the shoulder seasons of spring (April-May) and autumn (September-October) can offer more affordable flight options while still allowing you to experience Iceland’s beauty.


Booking your flights well in advance can also help you secure better deals. Many airlines offer early-bird discounts or promotional fares for those who book several months ahead of their travel dates. Keep in mind that prices may increase as your departure date approaches, so it’s a good idea to monitor flight prices and book when you find a reasonable rate.


It’s also worth considering the duration of your stay in Iceland. If you plan on spending a longer period in the country, it may be more cost-effective to book a round-trip ticket instead of two separate one-way flights.


While direct flights to Iceland are the most convenient option, they can sometimes be more expensive than flights with layovers. If you’re willing to sacrifice a bit of convenience for a lower fare, consider flights with layovers in other cities. Just be sure to factor in the overall travel time and any additional costs, such as airport transfers or meals during layovers.


Ultimately, finding affordable flights to Iceland involves a combination of careful planning, flexibility with travel dates, and comparing prices from different airlines. By dedicating time to research and consider your options, you can secure a flight that fits your budget and allows you to embark on your Icelandic adventure.


Accommodation Options

When it comes to finding accommodation in Iceland, you have a range of options to suit various budgets and preferences. From luxury hotels to budget-friendly hostels and cozy guesthouses, there is something for everyone.


If you’re looking for a high-end experience, Iceland offers a selection of luxury hotels and resorts, particularly in Reykjavik and the popular tourist areas. These accommodations offer top-notch amenities, exquisite dining options, and impeccable service, but they can come with a hefty price tag. It’s advisable to book well in advance and keep an eye out for any promotional offers or packages that may help reduce the cost.


For those on a tighter budget, hostels are a popular and affordable option in Iceland. They provide shared dormitory-style accommodations, often with communal kitchens and common areas, making them a great choice for budget-conscious travelers who enjoy socializing with fellow travelers. Hostels can be found not only in major cities but also in smaller towns and rural areas, offering a unique opportunity to connect with other adventurers.


If you prefer a more intimate and cozy atmosphere, guesthouses and bed and breakfast establishments are abundant throughout the country. These accommodations often offer private rooms with shared or private bathrooms. They provide a comfortable and homely experience, with the added bonus of local insight from the hosts.


Another alternative for accommodations in Iceland is camping. The country boasts numerous well-equipped campgrounds, allowing you to immerse yourself in nature and enjoy the stunning landscapes. Camping can be an affordable option, and it’s an excellent choice for those seeking a more adventurous experience.


When considering your accommodation options, it’s important to factor in the location. Accommodations in more remote or less touristy areas may be more affordable compared to those in popular tourist spots. Additionally, staying outside of the city center can often provide more value for your money while still offering easy access to attractions and activities.


Lastly, consider booking your accommodations in advance, especially if you’re traveling during the peak season. Many accommodations can fill up quickly, and by securing your reservation early, you not only guarantee your preferred choice but may also be eligible for early booking discounts or special offers.


Overall, Iceland offers a range of accommodation options to cater to different budgets and preferences. Whether you’re looking for luxury, affordability, or a unique experience in nature, there is something to suit every traveler.


Transportation in Iceland

Getting around in Iceland is an important aspect to consider when planning your trip. While the country may seem vast, it offers various transportation options to suit different needs and budgets.


One of the most popular ways to explore Iceland is by renting a car. Renting a car gives you the flexibility to travel at your own pace, allowing you to discover remote areas and off-the-beaten-path attractions. It’s advisable to book your rental car in advance, especially during the peak travel season, as prices can be higher and availability limited. Additionally, be sure to familiarize yourself with the local traffic rules and driving conditions, as Iceland’s weather and road conditions can be unpredictable.


If you prefer not to drive, another option is to use public transportation. Buses operate throughout Iceland, connecting major cities, towns, and popular tourist sites. The bus network is well-maintained and offers scheduled routes, making it a convenient and affordable way to get around. It’s recommended to check the schedules and plan your trips accordingly, as services may be less frequent in more remote areas or during certain times of the year.


For those seeking a more adventurous and eco-friendly mode of transportation, cycling is a popular choice in Iceland. The country offers stunning scenic routes and well-maintained cycling paths, providing a unique perspective of the landscapes. Keep in mind that cycling in Iceland may be more suitable for experienced cyclists due to the challenging terrain and varying weather conditions.


Another mode of transportation that is gaining popularity in Iceland is domestic flights. Domestic airlines operate flights to various destinations within the country, making it convenient for those looking to explore different regions of Iceland in a shorter amount of time. While domestic flights can be more expensive than other options, they can be worth considering if you have limited time or want to reach more remote areas quickly.


Lastly, guided tours and excursions are an excellent way to navigate Iceland’s diverse landscapes, particularly if you prefer not to drive or plan your own itinerary. These tours offer the convenience of transportation, along with expert guides who can provide insights and commentary on the attractions you visit. However, it’s important to research and compare prices to ensure you’re getting the best value for your money.


Overall, Iceland offers a range of transportation options to suit different preferences and budgets. Whether you choose to rent a car, use public transportation, cycle, or opt for guided tours, you will have the means to explore and experience the natural wonders of this beautiful country.


Food and Dining

Exploring the culinary scene in Iceland is a delightful experience that allows you to indulge in unique flavors and traditional Icelandic dishes. However, it’s important to note that dining out in Iceland can be relatively expensive compared to some other countries. Nevertheless, with proper planning, you can still enjoy the local cuisine without exceeding your budget.


One option to save on food costs is to cook your meals. If you’re staying in accommodations with kitchen facilities, consider preparing some of your meals using local ingredients. Iceland boasts an abundance of fresh seafood, lamb, and dairy products, making it easy to whip up delicious and cost-effective meals. Visit local supermarkets or outdoor markets to find fresh produce, meats, and other ingredients.


When dining out, explore the local eateries and cafes that offer more affordable options. Opt for traditional Icelandic dishes such as lamb soup (kjötsúpa), fish stew (plokkfiskur), or Icelandic hotdogs (pylsur). These dishes provide a taste of the local cuisine without breaking the bank.


Lunchtime can be a great opportunity to enjoy a meal at a lower price. Many restaurants and cafes offer lunch specials and fixed-price menus that provide a more budget-friendly dining experience. Take advantage of these deals to sample Icelandic flavors while keeping your food expenses in check.


Another option for a more economical dining experience is to try out food trucks or stalls that are often found in popular tourist areas or festivals. These mobile food vendors serve a variety of dishes, ranging from traditional Icelandic delicacies to international flavors. Grabbing a quick bite from a food truck can be a fun and affordable way to satisfy your cravings while on the go.


Lastly, consider indulging in Iceland’s delicious street food culture. Hot dogs, crepes, and Icelandic pastries are popular street food options that offer a taste of Icelandic flavors at a lower cost. Join the locals and enjoy a quick and budget-friendly bite from one of the many street food vendors across the country.


While dining in Iceland may come with a higher price tag, there are ways to enjoy the local cuisine without overspending. By cooking some meals yourself, exploring local eateries, taking advantage of lunch specials, and trying street food, you can have a memorable culinary experience in Iceland while staying within your budget.


Attractions and Activities

Iceland is renowned for its breathtaking natural beauty and unique attractions, providing visitors with a wide range of activities to enjoy. From awe-inspiring waterfalls to mesmerizing glaciers, there is no shortage of things to see and do in this stunning country.


One of the top attractions in Iceland is the Golden Circle, a popular tourist route that includes Þingvellir National Park, Geysir geothermal area, and Gullfoss waterfall. The Golden Circle offers a glimpse into Iceland’s geological wonders and historical significance, and it’s a must-visit for any traveler.


Exploring Iceland’s stunning waterfalls is another highlight of any trip. Some of the most famous waterfalls include Seljalandsfoss, Skógafoss, and Dettifoss. These majestic cascades offer dramatic photo opportunities and a chance to get up close and personal with the power of nature.


A visit to Iceland would not be complete without witnessing the beauty of its glaciers. One of the most popular activities is taking a guided glacier hike on Iceland’s glacier tongues, such as Sólheimajökull or Vatnajökull. It’s an incredible experience to walk on the ancient ice formations and witness the icy landscapes firsthand.


For those seeking unique outdoor experiences, Iceland offers an opportunity to soak in hot springs and geothermal pools. The Blue Lagoon, a geothermal spa near Reykjavik, is a world-famous destination for relaxation and rejuvenation. Additionally, there are numerous natural hot springs scattered throughout the country that offer a more authentic and off-the-beaten-path experience.


Iceland is also known for its stunning wildlife, and observing marine life such as whales and puffins is a popular activity. From taking a whale watching tour in Reykjavik’s Faxaflói Bay to visiting puffin colonies in the Westman Islands, you’ll have the chance to witness these magnificent creatures up close and learn about their habitats.


Outdoor enthusiasts will find plenty of opportunities for hiking, trekking, and exploring Iceland’s national parks. From hiking trails in Snæfellsjökull National Park to traversing the lava fields of Dimmuborgir in Mývatn, there are countless natural wonders to explore and conquer.


In addition to nature-based activities, Iceland also offers cultural experiences. Visit museums, explore historical sites such as Skógar Folk Museum or Akureyri’s Old Town, and immerse yourself in the local arts scene. Attending a traditional Icelandic music or dance performance can provide insights into the country’s rich cultural heritage.


Remember to plan ahead and consider the costs associated with these attractions and activities. Some may require admission fees, tour fees, or equipment rental. It’s advisable to research and book in advance to ensure availability and secure any early-bird discounts or special offers.


With its stunning natural landscapes and unique attractions, Iceland offers a wealth of activities and experiences for every type of traveler. Whether you’re seeking adventure, relaxation, or cultural immersion, there is something for everyone to enjoy and create lasting memories.


Souvenirs and Shopping

When visiting Iceland, you’ll undoubtedly come across a variety of unique souvenirs and shopping opportunities. From handmade crafts to local delicacies, there are plenty of options to bring home a piece of Iceland’s charm.


One of the most popular souvenirs to take home from Iceland is Icelandic wool products. Known for its high quality and excellent insulation properties, Icelandic wool is used to make cozy sweaters, hats, scarves, and blankets. These items not only serve as a practical reminder of your time in Iceland but also make for stylish and warm additions to your wardrobe.


Another popular souvenir option is Icelandic design and handmade crafts. From jewelry and ceramics to leather goods and glassware, Iceland has a thriving arts and crafts scene. Look for unique pieces that reflect the country’s natural beauty and creative spirit. Keep an eye out for local markets, boutiques, and art galleries to discover one-of-a-kind treasures created by local artisans.


If you’re a food enthusiast, consider bringing home some Icelandic culinary delights. Icelandic chocolate, licorice, and smoked salmon are just a few gourmet treats that make excellent gifts or personal indulgences. You can find these products in specialty food stores or local delicatessens.


Iceland is also known for its volcanic ash skincare products, which harness the beneficial properties of volcanic minerals. From face masks to body scrubs, these products offer a unique way to pamper yourself or gift someone with a piece of Icelandic beauty.


For those who enjoy collecting mementos from their travels, consider purchasing small trinkets such as keychains, magnets, or postcards featuring Icelandic landmarks and symbols. These items are often affordable and serve as reminders of the places you’ve visited and the memories created.


When shopping for souvenirs, it’s important to be mindful of the authenticity and sustainability of the products. Look for locally made items that support the local economy and traditional craftsmanship. Additionally, consider the environmental impact of your purchases and opt for sustainable and eco-friendly options whenever possible.


Keep in mind that prices for souvenirs can vary depending on where you shop. Touristy areas and souvenir shops in major cities may have higher prices compared to smaller towns or local markets. It’s advisable to explore different options and compare prices to get the best value for your money.


Remember, souvenirs serve as a way to bring back cherished memories from your trip to Iceland. Whether you choose to buy traditional crafts, food products, or small trinkets, the souvenirs you bring home will remind you of the unique experiences and beauty of this remarkable country.


Additional Expenses

When planning a trip to Iceland, it’s essential to consider additional expenses beyond the basic costs of flights, accommodation, transportation, food, and attractions. These additional expenses can vary depending on personal preferences and interests, but it’s important to factor them into your budget to avoid any surprises.


One significant additional expense in Iceland is outdoor activities and guided tours. Whether it’s a glacier hike, horseback riding adventure, or a northern lights tour, these activities often require a fee. Prices can vary depending on the duration and complexity of the activity, as well as the provider. Research the options and compare prices to find the best fit for your budget and interests.


Travel insurance is another expense to consider. While it may seem like an unnecessary cost, it is highly recommended to have travel insurance that covers medical emergencies, trip cancellations, and lost or stolen belongings. Although it adds to your overall expenses, it provides peace of mind and protection in case of unforeseen circumstances.


If you plan on visiting during the winter months or exploring Iceland’s rugged landscapes, it’s important to invest in suitable outdoor clothing and gear. Waterproof hiking boots, thermal layers, and a good quality jacket are essential items to have for optimal comfort and safety. While these items may require an upfront investment, they are essential for enjoying Iceland’s outdoor adventures.


Transportation to and from the airport is another aspect to consider. Whether you choose a shuttle service, taxi, or public transportation, there will be transportation costs associated with getting to your accommodations from the airport and vice versa. Research the options available and calculate this expense into your budget.


When it comes to dining out, it’s common to include a gratuity of around 10-15% for good service. While it’s not mandatory, it is customary to show appreciation to the waitstaff for their service. Be sure to add this extra expense to your dining budget if you plan on eating out frequently.


Lastly, keep in mind that there may be additional fees or charges for certain services or activities. For example, some national parks or attractions may have an entrance fee, parking fees may apply in certain areas, or there may be charges for using public restrooms. These expenses may seem small individually, but they can add up over the course of your trip.


By considering these additional expenses and factoring them into your budget, you can ensure a more accurate estimation of the overall costs of your trip to Iceland. Planning ahead and keeping track of these expenses will help you stay within your budget and fully enjoy your Icelandic adventure.



A trip to Iceland offers a wealth of experiences, from breathtaking natural wonders to unique cultural encounters. While it is known to be a relatively expensive destination, with careful planning and budgeting, you can have an unforgettable Icelandic adventure without breaking the bank.


Consider the various aspects of your trip, starting with flights to Iceland. Compare prices, book in advance, and be flexible with travel dates to secure the best deals on airfare. Choose accommodations that fit your budget and preferences, whether it’s luxury hotels, budget-friendly hostels, or cozy guesthouses.


Transportation in Iceland provides options ranging from renting a car for flexibility to using buses or joining guided tours. Depending on your interests, activities such as glacier hikes, wildlife tours, and exploring natural landscapes may come with additional costs. Be sure to research and budget for these experiences in advance.


When it comes to dining in Iceland, consider cooking your own meals with local ingredients, exploring local eateries for affordable options, and trying traditional Icelandic dishes. Shopping for souvenirs offers opportunities to bring home unique items such as Icelandic wool products, handmade crafts, and local food specialties.


Lastly, remember to account for additional expenses such as outdoor activities, travel insurance, outdoor clothing and gear, transportation to and from the airport, gratuities, and any additional fees or charges. By planning for these extra costs, you can avoid surprises and stay within your desired budget.


In conclusion, while a trip to Iceland may require careful budgeting and planning, it is well worth the investment. The awe-inspiring landscapes, cultural experiences, and unique adventures make it a destination like no other. By considering all the expenses involved and making informed choices, you can experience the beauty and magic of Iceland while keeping your wallet happy.