![]() ![]() You’re more likely to get a shock when you eat in a restaurant or cafe. (Apart from alcohol, which is expensive in Iceland) Restaurants But there’s nothing too terrifying in that list. And of course, the quality of food that you buy will significantly impact the price. So, groceries may be a bit more expensive in Iceland than you’re used to. Here is the average cost of some basic food items in Iceland: Loaf Of Bread Iceland has to import a lot of food, so you might notice that the groceries and restaurants are more expensive than in other countries you’ve visited. (But of course, you’ll find something much more pricey if you’re determined for the best). A hostel starts at around $50 a night, which is probably quite a bit more expensive than you’re used to in other countries.Ĭamping is a viable option, with pitches starting at $10 a night.įor a 5***** hotel, you could be looking at around $700 a night. Hotels and Hostelsįor short-term visitors, there is a huge variety of accommodation available in Iceland. But a similar size farm in the nearby UK would cost around four times that much, and that’s without any buildings. It came with a further 400 hectares of communal grazing land and cost around 970,000 dollars. In 2021, a 135-hectare property with a farmhouse and hostel went up for sale. ![]() In rural Iceland, you can get a surprisingly good deal. Reykjavik comes in at number 138 of almost 500 countries listed by Numbeo. That’s a lot compared to some countries, but let’s not forget that it costs more than 30,000 dollars per square meter in Hong Kong! If you choose a single room or studio apartment, you can probably get away with 1000 to 1500 dollars a month on rent.īuying in the capital is expensive you’re looking at around 5000 dollars per square meter. But it’s considerably more expensive than somewhere like Budapest, where you could rent an apartment for a few hundred dollars a month. So that’s a pretty similar rate for most European capital cities, such as London or Paris. (But it’ll cost more in the city center). The average rent for a one-bedroom flat in Reykjavik is equivalent to 1,700 dollars a month. But don’t forget the Icelandic currency is króna! We’ve put everything into the equivalent USD to make things easier for our international readers. Someone coming from Argentina would probably be in for a shock at the supermarket, with a loaf of bread costing three times more in Iceland than back home.īut is Iceland really so expensive for most of the world? Let’s take a look at how much things cost in the land of fire and ice. And compared to some countries, it’s true. ![]() You’ve probably heard a rumor that Iceland is really expensive. ![]()
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