How Much Does It Cost to Vacation in Iceland?

By Alice Nichols

If you’re planning a vacation to Iceland, one of the first things you’ll need to consider is how much it’s going to cost. Iceland is known for its stunning natural beauty, unique culture, and outdoor recreational activities, but it can also be an expensive destination. In this guide, we’ll break down the costs associated with vacationing in Iceland so that you can plan your trip with confidence.

Transportation Costs

Getting around Iceland is essential for seeing all the sights it has to offer. The best way to explore the country is by renting a car, which can cost anywhere from $60-$300 per day depending on the type of vehicle and time of year.

Gas prices are also quite high in Iceland, with prices averaging around $7 per gallon. If you plan on taking public transportation instead, a bus pass will cost around $20-$30 per day.

Accommodation Costs

Accommodations in Iceland range from budget-friendly hostels to luxurious hotels and everything in between. Hostels start at around $25 per night for a bed in a shared dormitory room while mid-range hotels start at around $150 per night. If you’re looking for something more upscale or unique like a glacier hotel or igloo stay, expect to pay upwards of $500 per night.

Food and Drink Costs

Eating out in Iceland can be expensive with an average meal costing around $25-$35 per person. However, there are also plenty of budget-friendly options like hot dogs and fish and chips which cost around $5-$10. To save money on food costs, consider cooking your meals using groceries purchased from Supermarkets such as Bonus or Kronan.

Activity Costs

Iceland offers plenty of exciting activities such as glacier hiking, horseback riding tours, whale watching excursions and more. These activities can range in price from $50-$300 per person depending on the activity and provider. Entrance fees to popular attractions such as the Blue Lagoon or museums will also add to your expenses, with prices ranging from $15-$100 per person.

Overall Cost

Overall, a vacation to Iceland can cost anywhere from $1,500-$5,000 per person depending on your travel style and preferences. To save money, consider traveling during the off-season (October-April) when prices are generally lower. You can also look for deals on flights and accommodations by booking early or using travel rewards programs.

Conclusion

Iceland is undoubtedly a beautiful and unique destination that’s worth the trip. However, it’s important to budget accordingly so that you can enjoy all that this country has to offer without breaking the bank. With a little planning and research, you can have an unforgettable Icelandic vacation without spending a fortune.