How Much Does It Cost to Road Trip Iceland?

By Michael Ferguson

If you’re planning a trip to Iceland and wondering how much it will cost to road trip the country, you’ve come to the right place. Road tripping in Iceland is a popular way to explore the country and take in all its natural wonders. But before you hit the road, it’s important to have an idea of how much money you’ll need for your journey.

Transportation
The biggest expense for any road trip is transportation. In Iceland, renting a car is the most popular option for travelers.

You can expect to pay around $80-$120 per day for a small 2WD car, while larger 4WD vehicles can cost upwards of $200 per day. Keep in mind that gas prices in Iceland are high, so factor this into your budget as well.

Tip: To save on costs, consider traveling with a group and splitting the rental car fees.

Lodging
Accommodation options in Iceland range from campsites to luxury hotels. Camping is a popular option among budget travelers and can cost as little as $15 per night.

Hostels are also available throughout the country and typically cost around $30-$40 per night for a bed in a shared dormitory room. If you prefer more privacy or luxury accommodations, hotel prices can range from $100-$500 per night depending on location and amenities.

Tip: Book your accommodations well in advance as they tend to fill up quickly during peak travel season (June-August).

Food
Eating out in Iceland can be expensive, with meals at restaurants costing around $20-$30 per person for lunch or dinner. If you’re on a tight budget, consider buying groceries and cooking your own meals. Supermarkets like Bonus and Netto offer affordable options for food and snacks.

Tip: Try some of Iceland’s traditional dishes like lamb soup, hot dogs, and skyr (a type of yogurt).

Activities
One of the best things about road tripping in Iceland is the abundance of natural attractions. From waterfalls to glaciers to hot springs, there’s no shortage of things to see and do.

However, many of these activities come with a price tag. For example, entrance to popular attractions like the Blue Lagoon can cost upwards of $100 per person.

Tip: Research free or low-cost activities like hiking or visiting lesser-known attractions.

Overall Budget
So how much does it cost to road trip Iceland? It ultimately depends on your travel style and preferences. Here’s a breakdown of estimated costs for a 7-day trip:

– Car rental: $560-$1400
– Gas: $200-$300
– Accommodations: $105-$350
– Food: $175-$350
– Activities: $0-$500

Tip: Don’t forget to factor in additional expenses like travel insurance and souvenirs.

In Conclusion

Road tripping in Iceland can be an unforgettable experience, but it does come with a price tag. By planning ahead and being mindful of your expenses, you can enjoy all that this beautiful country has to offer without breaking the bank.