Is Iceland Tourism Expensive?

By Michael Ferguson

Are you planning a trip to Iceland but worried about the expenses? Well, you are not alone!

Iceland has a reputation for being one of the most expensive travel destinations in the world. However, with proper planning and budgeting, you can still have a fantastic time without breaking the bank. Let’s take a closer look at what makes Iceland tourism expensive.

Transportation

One of the major expenses in Iceland is transportation. If you plan to explore the country on your own, renting a car is almost necessary.

However, car rentals in Iceland are considerably more expensive than other countries due to high demand and limited supply. On average, a mid-size rental car can cost around $100 per day during peak season.

Public transportation is another option; however, it’s not very reliable or convenient for exploring remote areas outside Reykjavik. Buses run infrequently and may not always be on time.

Accommodation

Accommodation in Iceland can also be costly, especially during peak season (June-August). Hotels and guesthouses in Reykjavik can cost around $150-$300 per night. Outside of Reykjavik, prices may be slightly lower but still relatively high compared to other European countries.

Camping is an affordable option with campsites located throughout the country; however, keep in mind that camping may not be suitable during colder months or if you prefer more comfortable accommodations.

Food and Drink

Eating out in Iceland can also add up quickly. A typical restaurant meal can cost around $25-$50 per person depending on where you eat. Fast food options like hot dogs and pizza are more affordable but still relatively expensive compared to other countries.

Alcohol is also pricey due to high taxes imposed by the government; a pint of beer can cost around $10-$15 at a bar or restaurant.

Activities

Iceland offers a wide range of activities, from glacier hikes to whale watching tours. However, these activities come at a premium cost. A glacier hike can cost around $100-$200 per person, while a whale watching tour can cost upwards of $100 per person.

Conclusion

In conclusion, Iceland tourism can be expensive but with proper planning and budgeting, it’s still possible to have an amazing experience without spending a fortune. Consider traveling during the shoulder season (April-May or September-October) when prices are lower and crowds are thinner.

Opt for camping or staying in hostels to save on accommodation costs. Finally, research and book activities in advance to take advantage of early bird discounts.

Remember, Iceland is a unique and breathtaking destination that’s worth experiencing regardless of the cost.