Your Ultimate Guide to Budgeting for 7 Days in Iceland

Are you planning a trip to Iceland and wondering how much money you’ll need for a 7-day adventure? Look no further, because we’ve got you covered with all the essential information to help you budget for your trip.

The Cost of Flights to Iceland

The first expense in your trip to Iceland will be getting there. The cost of flights will depend on your departure location and how far in advance you book your ticket. Flights from North America will be more expensive than those from Europe due to the longer distance. However, if you book your flight in advance, you may be able to find a good deal. Expect to pay around $500-$1,000 for a round-trip flight to Iceland from North America and around $300-$500 from Europe.

Accommodation

When it comes to finding a place to stay, there are many options in Iceland. Accommodation prices will vary depending on the type of lodging you choose, and where you stay. In Reykjavik, the capital city, hotels will be the most expensive option, but you can also find hostels and guesthouses that are more budget-friendly.

Expect to pay around $100-$300 per night for a hotel room, and $20-$100 per night for a hostel or guesthouse. Camping is also a popular option in Iceland and can be a great way to save money. There are many campgrounds throughout the country, and many of them offer excellent facilities.

Food

Food is another expense that adds up quickly when you’re traveling. In Iceland, dining out can be costly, with restaurant prices being higher than in many other countries. However, there are ways to save money while still experiencing the local cuisine.

Budget around $10-$20 for breakfast, $15-$25 for lunch, and $20-$50 for dinner per person. If you’re looking to save money, consider going to grocery stores and cooking your meals at your accommodation. This can be a much cheaper option, and you’ll also get to experience local foods by buying from supermarkets.

Transportation

When it comes to exploring Iceland, you’ll need to consider transportation costs. If you plan on renting a car, expect to pay around $50-$150 per day, depending on the car’s size and rental duration. If you’re traveling in a group, renting a car might be more affordable than taking public transportation or paying for multiple taxi rides.

Public transportation can be an affordable option if you stick to traveling within Reykjavik, but if you plan on exploring the countryside or other parts of Iceland, car rental might be the better option. Be sure to factor in the cost of gas and parking fees into your budget.

Admission Fees and Activities

Finally, consider the cost of admission fees and activities when creating your budget. Iceland has many activities to offer, including glacier hikes, whale watching, and hot spring baths. However, many of these activities come with a price tag.

Budget around $50-$200 per person for activities and admission fees during your trip to Iceland. If you’re looking to save money, consider visiting natural sites that don’t require an admission fee, such as waterfalls, hot springs, and geysers.

Wrap Up

In conclusion, budget around $1,500-$2,500 for a 7-day trip to Iceland, depending on your itinerary and travel style. By keeping these costs in mind, you’ll be able to plan your trip to Iceland and have a memorable adventure without breaking the bank.

So what are you waiting for? Pack your bags and get ready for your Icelandic adventure!