Iceland on a Budget: How Expensive is it Really?
How expensive is Iceland? A Complete Guide for Budget Travelers
Have you ever wondered whether traveling to Iceland is worth the cost? Well, the charm and scenic beauty of Iceland is unparalleled, but is it worth the money spent? This is the first question that comes to mind when planning a trip to Iceland. In this article, we will guide you through the expenses you can expect in Iceland, the cost breakdown of different expenses, and tips to save money on your trip.
When to Visit Iceland?
Iceland is known for its picturesque landscapes and natural wonders like the Northern Lights and Midnight Sun. The best time to visit Iceland is during the months of May to August as the weather is mild, and there are long daylight hours. However, if you are looking for a winter getaway, December to February is the right time to visit.
How to Reach Iceland?
Iceland can be reached by air or sea. The main airport is located in Reykjavik and serves flights from all over the world. Icelandair, WOW Air, and EasyJet are a few of the airlines that are based in Iceland. Sea routes are available from Denmark and the Faroe Islands, but air travel is the most convenient method of reaching Iceland.
Accommodation Costs in Iceland
Accommodation tends to be the most expensive part of your Iceland trip. On average, a hotel stay will cost around 15,000 ISK per night, while staying in a hostel will be 3,500 to 5,000 ISK per night. Camping can be an economic option, with campsites charging around 1,500 to 2,000 ISK per night. Private rental properties are also available, with Airbnb being a popular option.
Food and Drinks Costs in Iceland
Food and drinks can be a significant expense in Iceland, and many people prefer bringing their food. If you are planning to eat out, be prepared to spend around 4,000 to 7,000 ISK on a meal in a mid-range restaurant. Fast food chains like Subway or McDonald’s are cheaper, with a meal costing around 1,500 ISK. Alcohol is expensive in Iceland, with a beer in a bar costing around 1,200 to 1,500 ISK.
Transportation Costs in Iceland
Hiring a car is the best option to explore Iceland. A four-wheel-drive SUV rental can cost around 10,000 to 20,000 ISK per day, while a regular car rental is cheaper around 5,000 to 10,000 ISK per day. Public transport is also available, with a one-way bus ticket costing around 500 to 1,000 ISK. Hitchhiking is a common sight in Iceland and also a safe option.
Activities Costs in Iceland
Iceland is a destination filled with natural beauty and adventure activities. Most of the outdoor activities are free, such as hiking in the national parks, watching the Northern Lights, or visiting the geysers and waterfalls. However, some paid activities include Glacier Hiking, Whale watching, and Blue Lagoon, which can cost around 8,000 to 10,000 ISK per person.
How to Save Money in Iceland?
Iceland can be an expensive destination, but several tips can help you save money on your trip. Firstly, explore the free attractions that Iceland has to offer, such as the National Parks, Geysers, and Waterfalls. Secondly, bring your food and cook in the kitchenette available in hostels or rental properties. Thirdly, book tours and activities in advance to avail early bird discounts. Finally, travel in the offseason, i.e., September to April, to get discounted prices on accommodations.
Conclusion
Iceland is indeed an expensive destination, but it’s worth the cost. The natural beauty Iceland offers is unparalleled, and it’s essential to plan your expenses accordingly. We hope this guide will help you to know the average expenses on different categories. To sum up, plan your trip well, book in advance, and enjoy Iceland without breaking the bank.
