How much does a trip to Iceland cost?
A mid-range week in Reykjavik for two runs about $6,730 before flights: $423 a night for a hotel room and $236 a day each for meals.
Estimate your trip
| Lodging1 room for 7 nights at $592 a night | $4,144 |
|---|---|
| Food and incidentals2 people for 8 days at $236 a day · government meal allowance | $3,776 |
Daily costs in Iceland
Per person per day, two people sharing a room, before flights and activities.
Budget
$129Mid-range
$421- Reykjavik
- $421
When hotels cost the most
Government lodging caps for Reykjavik change with the season; real room rates follow the same pattern.
- October to May$338
- June to September$592
How expensive is Iceland?
Restaurants and hotels in Iceland cost about 154% of what they cost in the United States, by the World Bank’s International Comparison Program (2021). That makes it pricier than the US for the two things a trip spends most on.
How these estimates work
Mid-range uses the U.S. government’s per diem for each place: the most a federal traveler may claim for a hotel room, by season, plus meals and incidentals. It tracks a solid business-class hotel and restaurant meals.
Budget and luxury rooms use published guide figures for Iceland, converted to US dollars and linked beside each number; ranges are averaged. Where a guide gives no daily food spend, food uses the same government meal allowance as mid-range.
Currencies are converted at the European Central Bank reference rate, or the U.S. Treasury reporting rate where the ECB has none, as of October 8, 2026.
Not included: flights, activities and shopping. Two travelers share a room; a third takes a second room.
Plan Iceland within budget
Build the itinerary day by day, track what everyone spends, and split it fairly, in one app.
Trip cost questions
About $6,730 for two at mid-range, before flights: $423 a night for the room and $236 a day each for food.
Plan on about $421 per person per day at mid-range, with two people sharing a room.
Restaurants and hotels in Iceland cost about 154% of US prices (World Bank, 2021).
Hotel rates in Reykjavik are lowest in October to May and highest in June to September, by the government’s seasonal lodging rates.
