Due to the isolation and harsh winters of an island nation, the national cuisine in Iceland ranges fro… Any recommendations? Based in Connecticut, I share practical tips so you can afford to travel more, pay off debt and build wealth. Not quite in the center of Akureyri, it has great views of the mountains and is particularly good value. ISK: 6.650 – 13.583EUR: 47 – 96USD: 53 – 107. Restaurant prices in Iceland If you go to a proper restaurant anywhere in the country, the cheapest thing on the menu will be at least US$12 to US$15. Main Course - 15 - 25 pounds in a reasonable restaurant , Cheaper fast food is available such as Subway , KFC and Hot Dogs However, you do need to check out each individual hostel, their prices, and their facilities as they can vary. Bag of Sour Cream & Onion chips: 199 ISK or $1.86 USDeval(ez_write_tag([[336,280],'thoughtcard_com-medrectangle-3','ezslot_3',104,'0','0'])); Icelandic Chocolate: 549 ISK or $5.16 USD, Read Next: Things to Know About Iceland Grocery Stores, Bag of Doritos chips: 349 ISK or $3.28 USD, Bagel and cream cheese: 650 ISK or $6.10 USD. Explore the lava fields surrounding Mt.Helgafell volcano, 96 Canada. A bowl of soup and other dishes can cost from 9,3 USD = 1 190 ISK; Hamburgers, meat and vegetarian dishes 7,8 - 12,5 USD = 1000 - 1 600 ISK; Common pizza. Individual bottle of Brennivín 404 ISK (Euro 3.32 / USD 4.10)Individual vodka & lemon 779 ISK (Euro 6.41 / USD 7.91)Individual bottle of wine (187ml) 399 – 650 ISK (Euro 3.28 – 5.35 / USD 403 – 6.56)Bottle of wine – cheap to middle range 1.500 – 3.000 ISK (Euro 12.34 – 24.68 / USD 15.24 – 30.48)Bottle of dessert wine 1.899 – 6.164 ISK (Euro 15.62 – 50.71 / USD 19.29 – 62.63)Medium bottle of brandy 2.299 ISK – 19.898 ISK (Euro 18.91 – 163.69 / USD 23.36 – 202.16)Bottle of port – cheap to middle range 2.900 – 5.500 ISK (Euro 23.86 – 45.25 / USD 29.46 – 55.88)Bottle of Brennivín (schnapps) 3.499 – 9.099 ISK (Euro 28.78 – 74.85 / USD 35.55 – 92.45)Bottle of Harveys Bristol Cream Sherry 3.499 ISK (Euro 28.78 / USD 35.55)Kirsberry Cherry Speciality Wine 2.899 ISK (Euro 23.85 / USD 29.45)Bottle Tequila 6.499 – 11.999 ISK (Euro 53.46 – 98.71 / USD 66.03 – 121.99)Bottle of whisky 5.499 – 14.999 ISK (Euro 45.24 – 123.39 / USD 55.87 – 152.39)Bottle of best whisky 52.999 ISK (Euro 435.99 / USD 538.47). These bargain meals are great options for budget friendly eating in Reykjavík. What was your favorite part? I live in London and am used to the high prices we have, but Iceland was insanely expensive. If breakfast is included in your accommodation, then go for it! Hot dogs, fish, soup, yogurt, tomatoes and orange soda. The OECD data on unit labour costs for 2011 put Iceland as the country with the most expensive labour in the world. your Subway prices seem out of date. Thanks so much for this very helpful post!!! The prices were checked out searching on www.booking.com for a twin room for the 1st of July 2019 for the accommodation located less than 3 km from the city center. Likewise, you can often find lower prices out in the countryside. 10 to 11 is great if you run out of something essential but it is quite expensive. 3. The beef filet costs you $6 per portion. Eating in Reykjavík can be expensive. ISK: 8.349 – 45. Nice breakdown Danielle. We had a lot of Ramen noodles and grilled cheese sandwiches and peanut butter sandwiches during our 2.5 weeks there. Alcohol is obscenely expensive and if ordered with a meal, can have the effect of more than doubling the bill. Bag of Doritos chips (small): 350 ISK or $3.28 USDeval(ez_write_tag([[580,400],'thoughtcard_com-box-4','ezslot_1',108,'0','0'])); Sprite/Fanta/Coca Cola: 395 ISK or $3.71 USD, Bag of Doritos chips (big): 790 ISK or $7.41 USD, Bottle of Wine: 1,199-1,799 ISK or $11.29-$16.94 USD, Bacardi Original: 2,712 ISK or $25.66 USD, Somersby Cider at Reykjavik Loft HI Hostel: 932 ISK or $8.82 USD, Beer at Kex Hostel Reykjavik: 1,100 ISK or $10.33 USD. You can normally find lower prices in Spring and Autumn. All rights reserved. Spring or Autumn mean slightly cheaper available options. Reykjavik has a good selection of supermarkets with a wide choice of Icelandic food. Arctic Adventures. USD, Explore Iceland’s Capital with the Reykjavik City Card, 32 To put the markups in further context, if you ordered $50 worth of food from a restaurant, the TMC would come to $58.49 through Seamless compared with $70.23 if you order through Postmates. How much does food cost in Iceland? COVID-19 | … Compared to last year, prices for this type of accommodation fell as well (prices started at ISK 11.545 / EUR 95 / USD 117). Spending time traveling you often spend much of your money of food especially when traveling to Iceland. Iceland is a small country with a short harvest season, and as a result, it relies a lot on imported products. This is largely due to the numerous newly-built hotels that offer accommodation in the luxury range. We are going to Iceland for holiday in 2 days time for a month. We wrapped up a 3 month trip there recently. We wanted to get a chicken burger at a gas station and it would’ve been $21 per person! ISK: 50.947 – 198.000EUR: 360 – 1.386USD: 403- 1.564. You can finish up paying more or less in really remote places – there is no hard and fast rule! Thank you. The hostel at Stórholt, Akureyri is my absolute favorite place to stay outside of the capital. In fact, compared to 2018, most prices for accommodation have visibly dropped! The Perl). The prices you might pay for a private apartment with beds for at least two people in Downtown, Reykjavík for 1 July 2019 are the following: ISK: 11.187 – 41.036 per nightEUR: 79 – 290 per nightUSD: 88 – 324 per night. But how much are things in Iceland? And if you want to rent a car in Iceland, the price will begin somewhere around 20.184 ISK / 141 EUR / 159 USD for 24 hours. Icelandic Street Food, Reykjavik: See 3,196 unbiased reviews of Icelandic Street Food, rated 5 of 5 on Tripadvisor and ranked #4 of 481 restaurants in Reykjavik. When traveling to a new country many like to make an estimated budget and for a country like Iceland, it is recommended. Fish & Chips at a campsite right next to Geysir ISK 1400. Combining your accommodation and transport gives you freedom and flexibility. Normal-strength alcohol is only sold at Vínbúðin stores. USD, 55 It’s also good to know that while some hosts share their bathroom or kitchen with the guests, others might refuse to do so. An average meal for two, with alcoholic drinks, can easily come to 6,000 Icelandic Krona (ISK), which is around £50 GBP/$75 USD, or indeed, even more. In fact, the average cost of a meal at even the most budget-friendly of restaurants will probably set you back about $25-30 per person. I have just returned from a week in Iceland and food is expensive. Put that debate to rest! Two examples of the sky high prices, picked at random in December 2016: A bottle of vodka (1 liter/33.8 fl. Loft offers soups and light refreshments, Kex serves tasty pub style meals and snacks. Thanks Paige! Filling up the tank of a small petrol car usually costs around 8000 ISK. Standard insurance coverage is included, with extra options being available for an additional fee. Bottle of Beer - 5- 6 pounds . High food costs are a large part of it. Guest houses are often charming, with many offering similar facilities to a small hotel. I have just returned from a week in Iceland and food is expensive. Prices from 3,9 USD = 500 ISK per piece. Foot-long sub from Subway in Egilsstaðir ISK 1250. Check out this guide and pack your suitcase, because now just might be the best time to visit Iceland! The wrap—the potato, vegetable, salad, and bread that come with the filet, as well as any condiments—costs $2.50. Lava Restaurant at Blue Lagoon Iceland is a first class restaurant that combines modern dining with the wild spirit of Icelandic nature. For more on how much a trip to Iceland costs – check out my detailed Iceland budget breakdown here. Iceland is not a cheap country when it comes to food but there certainly are ways to keep the costs down. Laugavegur 103, 101 Reykjavík. Learn how to plan an affordable and adventurous trip with my Iceland travel guide. © Copyright 2020. Well, it is a bit expensive but considering the fact that Iceland heavily relies on tourism for revenue generation. There really hasn’t been a better time to visit Iceland in the past decade than right now. 10 years ago. It will come as no surprise that food in Iceland is expensive, especially if you eat in a restaurant. I decided to skip alcohol in my most recent trip and saved a ton! Dormitory style accommodation was checked out at Loft hostel, Kex Hostel, Bus Hostel, Reykjavik Downtown Hostel & Reykjavík Hostel Village for the 1st July 2019: ISK: 5.600 – 9.688EUR: 39.58 – 68.47USD: 44 – 77. 1 liter of beer does not cost much more than 500 ml. Just came back from Iceland, and we checked out … PIN required for purchases. In 2018 prices for such accommodation would begin at ISK 12.154 / EUR 100 /USD 123.96. When you add in labor costs, you might be up to $14.50. Compare the Cost of Living in Reykjavik with any other city in the world. There are certainly more of the kind of room which commands a higher price in Reykjavík than there used to be. Iceland is not a cheap country when it comes to food but there certainly are ways to keep the costs down. President of the Restaurant Advisory Service (RAS) in the US, Ron Gorodesky, believes that the most successful restaurants generate food cost percentages in the low to mid 30’s. You go to Iceland for the beautiful landscapes and thrilling experiences, save your money for accommodations and activities rather than food. The price checks were all carried out for 2 adults sharing a room in downtown Reykjavík. Rye bread (and butter) Icelandic rye bread, or rúgbrauð, is a staple for Icelandic cuisine. Labour is expensive. You might want to check out the facilities, because if you opt for the room, you may be sharing the bathroom with other guests or your host. This is a really great breakdown. It assumes that you will be eating out for most meals and going to the grocery store to pick up snacks. Bottle of Beer - 5- 6 pounds . I do not pay much less in NJ. Companies will not normally rent a van to you for less than three days, especially in the summer. Another site which is very useful for researching hostels is hostels.is, particularly when you want to arrange stays at various locations around Iceland. USD. Jeans is good for exploring Reykjavík but you will be uncomfortable if it gets wet. In terms of street food and cheap places to eat in Reykjavik, we’ve made a separate blog post about the places for foodies with meals that cost around 1000 ISK / less than 10$. Consumer Prices in Iceland are 22.72% higher than in Australia (without rent) Rent Prices in Iceland are 19.00% higher than in Australia: Restaurant Prices in Iceland are 45.18% higher than in Australia: Groceries Prices in Iceland are 16.04% higher than in Australia: Local Purchasing Power in Iceland is 27.90% lower than in Australia The journey on a ferry from Denmark to Iceland takes 3 days, and the rates given below are per person for 2 people making a return trip with their vehicle. Many visitors say gas is expensive in Iceland, however, the prices are not very different from those in the UK. Shopping tips can help a lot – Bónus stores offer the best value, there are a few in the city and, also, in various country towns.

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