How Much Does Backpacking in Iceland Cost?

By Alice Nichols

Backpacking in Iceland is becoming increasingly popular amongst adventure-seeking travellers. With its rugged landscape, unique geothermal pools, and diverse wildlife, it’s no wonder why people are flocking to this Nordic island nation. But how much does backpacking in Iceland cost?

The cost of a backpacking trip to Iceland will depend on a variety of factors such as the length of your stay and the type of accommodation you choose. Prices for hostels and guesthouses start at around 6,000 ISK (Icelandic krona) per night and can go up to around 30,000 ISK depending on the quality of the accommodation. Camping is also popular in Iceland and costs range from 1,500 to 3,000 ISK per night.

Food prices in Iceland are relatively high compared to other countries in Europe. Grocery stores offer some cheaper options but it’s best to budget for around 10-15 USD per meal if you’re eating out. Alcohol is expensive too so if you plan on drinking be prepared to spend a bit more money.

Transport costs in Iceland are also quite high due to the lack of a public transport system. Renting a car is recommended if you want to explore the country and prices start from around 4,500 ISK per day for basic models. Alternatively you can opt for bus tours that generally cost around 25 USD – 40 USD per day.

Conclusion:

Backpacking in Iceland can be an expensive trip but with careful budgeting it’s still possible to enjoy all that this beautiful country has to offer without breaking the bank. Prices for accommodation range from 6,000 ISK (Icelandic krona) per night for hostels/guesthouses up to 30,000 ISK depending on quality and camping costs 1,500 – 3,000 ISK per night. Food and drink prices are relatively high so budget accordingly and transport costs vary depending on whether you rent a car or opt for bus tours.