How Much To Vacation In Iceland

Iceland is a majestic country, famed for its beautiful and untouched wilderness. It’s also a pricey destination: the average cost of lodging per night comes out to $423, according to Hotels.com data. If you want to visit, but can’t afford to break the bank, then you’ll want to read this guide on how much it costs to vacation in Iceland Do you want to vacation in Iceland? Are you looking for tips and advice on how much to vacation in Iceland? If your answer is yes, read this article for more information.

Iceland is green and beautiful, but it’s also expensive to go there. Here’s a guide on how much it costs to vacation in Iceland so you can make the most of your trip. Iceland is the most expensive country in Scandinavia, but it’s worth every penny — at least, that’s what we thought when we decided to visit the country while on a family vacation. We managed to travel to Iceland on a budget and learned what things we could do without splashing out money. Here are useful holiday tips for those who want to venture around Iceland.

How Much To Vacation In Iceland

Iceland is beautiful. And cheap. It’s one of the most visited countries in Europe, with over 2 million people visiting Iceland in 2017 alone. A huge reason why it’s so popular is because it’s affordable. You can go whale watching right by their shores or make your way to their capital city Reykjavik and stay in a five star hotel for $50 a night – probably cheaper than most places back home.

How Much Will an Iceland Trip Cost in 2022?

Last Updated on January 6, 2022 by Maggie Turansky

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Iceland is a destination that is on many a traveller’s wish list, but it is often pushed to the back due to the fact that it is well-known that an Iceland trip cost can be incredibly expensive.

I had wanted to visit Iceland for years but never saw it as an option due solely to finances. However, after spending a week exploring this beautiful country, we found that it is one hundred per cent possible to travel in Iceland on a budget. But how much will a trip to Iceland cost?

Well, the answer to that question varies because it is just as possible to spend your entire life savings on an Iceland vacation as it is to only spend the absolute minimum amount to survive.

If you’re anything like us, then you want to see how you can visit Iceland comfortably without having to take out a second mortgage on your house. And in all honesty, the cost of a trip to Iceland does not have to be astronomically high.

An average trip to Iceland cost for travellers that want to vacation in Iceland is approximately $100-195 per person per day. This means that the cost of 7 days in Iceland is around $700 to $1365. You can expect prices at the lower end if travelling on a budget during shoulder seasons and at the higher end as a mid-range traveller in peak season.

These budgets don’t include airfares and other pre-trip expenses. However, these prices may vary significantly depending on how you choose to spend your money across accommodation, transport, food, activities, and entertainment.

Depending on your travel style and tendencies, it is possible to reduce your Iceland vacation cost a lot on one of these categories in order to spend more in another. If you’re looking to visit this beautiful Nordic nation on a budget and you’re wondering how much a trip to Iceland will cost, read on to find out our best money-saving advice.

Table of Contents

Iceland Trip Cost Guide

This Iceland trip cost guide will break out the average costs of your vacation to Iceland across accommodation, transport, food, activities and entertainment, helping you understand how much is a trip to Iceland.

   Iceland Highlights

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Accommodation Prices in Iceland

An average cost for accommodation in Iceland will be approximately $35-50 per person per day in shoulder seasons or $50-65 per person per day in high season.

This assumes you are either a solo traveller staying in hostels or a couple splitting the cost of a private room in an Airbnb or a basic guesthouse or hotel.

Hostels in Iceland will set travellers back on average $35-50 per night, will prices tending to be more expensive in the capital city of Reykjavik and during the peak tourist seasons of July and August.

You can sometimes get cheaper prices if you book in advance and it’s worth doing this if you want to stay in hostels as options are limited once you get out of Reykjavik. You can browse the best hostels in Iceland here.

If you’re travelling as a couple or with a friend, then you can get similar costs by choosing to stay in a private room in an Airbnb. Another benefit of staying in an Airbnb or hostel is they often offer self-catering facilities so you can cook your own meals and save money even further.

Many of the properties listed on Airbnb outside of Reykjavik can also be found on traditional hotel booking platforms like Booking.com.

However, in popular places such as places like Vik and Jokulsarlon options are limited. We booked a couple of budget rooms through Booking.com such as Hotel Kanslarinn in Hella which was similar to accommodation costs on Airbnb.

If you want to go down this path, it’s worth booking as early in advance as possible as good quality places book out quickly, particularly in high season.

Beautiful scenary is free and everywhere in Iceland!
Beautiful scenery is free and everywhere in Iceland!

Another popular option among budget travellers in Iceland is to hire a camper van, which kills two birds with one stone as you will also have your transport taken care of.

There are numerous camper rental companies throughout Iceland and the cheapest option for a basic manual-transmission van that sleeps two starts at around $100/day.

An auto-transmission will cost more and you can expect significant discounts to these prices if you choose to visit outside of peak seasons. Many campervans also offer heaters and camp stoves/cooking supplies which allows you to cook your own food easily.

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