The Ultimate Guide to Budgeting for a 1-Week Trip in Iceland

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Welcome to Iceland, a breathtaking country known for its natural beauty, majestic glaciers, geysers, wonderful waterfalls, volcanos meandering through roaring rivers, a land of fire and ice. In this blog post, we will explore the answer to the most common question “How much is a 1 week stay in Iceland?” Travelers from around the world are fascinated by Iceland’s unique landscapes, wildlife, and pleasant weather. Whether you’re on a budget or looking to splurge, we’ve got you covered with all the information you need to plan your dream trip!

The Cost of Accommodation in Iceland:

Accommodation is one of the significant costs of any trip, and Iceland is not an exception. The average cost of a 1-week stay in Iceland ranges from $1500 to $2000 per person, based on the type of accommodation. Hostels and guesthouses are the cheapest options, while luxury hotels can significantly increase your budget.

The price of a hostel or guesthouse in Reykjavik, Iceland’s main city, starts at $30-40 per night. You may find even cheaper options in rural areas of Iceland, but you must have a rented car to travel around. If you are looking for comfort and little more privacy, you will find alternatives such as Airbnb, which can cost $100-150 per night.

If you are looking for a luxury hotel, prices start at $300 per night. The best way to book a hotel in Iceland is to book early to get the perfect hotel at the best price.

Transportation Costs in Iceland:

If you’re planning to visit Iceland, the best way to get around and discover the fantastic landscapes is by renting a car. The car rental prices vary depending on the type of car and the duration of the rental. You can expect to pay between $300 and $600 per week.

If you are traveling with friends or family, it can be more economical and fun to hire a campervan or a motorhome, this way you will have the vehicle and the accommodation at the same time, the prices for campervan rental of 4 people started at $800-900 per week, and for motorhomes they can up to $3000 per week.

The Cost of Food in Iceland:

Icelandic food is a blend of Scandinavian and European cultures. You will find plenty of traditional dishes such as lamb, fish, and seafood that are served in most restaurants. Fine dining can be expensive in Iceland, with prices starting at $100 per person. However, there are many budget options if you’re looking to save money.

The average cost of food in Iceland is $50-60 per day, including breakfast, packed lunch, and dinner, if you cook in a hostel’s kitchen, being self-catering is a good alternative to save money, a dinner in a good restaurant can cost between $50-100. You should also try local food such as hot dogs and Iceland’s famous Skyr, a delicious yogurt-like dessert.

The Cost of Tours and Activities in Iceland:

Iceland offers you an endless variety of tours and activities. Whether you are interested in glaciers or green auroras, there are plenty of experiences throughout Iceland that will keep you busy. Excursions to volcanoes, glaciers, and the famous Blue Lagoon hot springs are popular, to travel on a budget, book in advance or search for discounts online.

The tours and activities in Iceland are always at an additional cost, and the prices of these will depend on how extravagant you want the experience to be. For example, the Northern lights tour costs around $50-100, while the Glacier walking tour costs around $100-200. However, it is advisable to check the possibilities that these experiences offer as discounts when joining several tours.

The Final Verdict:

Iceland can be an expensive country to visit, but with a bit of planning and budgeting, you can have an affordable and unforgettable trip. The cost of a 1-week stay in Iceland depends on the type of accommodation, food, tours, and activities you choose. On average, you can expect to spend anywhere from $1500 to $2000 per person when visiting Iceland for one week. Remember to book early, bring warm clothes, and most important, immerse yourself in the culture of this wonderful country!

So that’s it from us; we hope this post has resolved your query about the cost of a 1-week stay in Iceland. Happy traveling!

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