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Is Reykjavik Expensive? An In-Depth Guide to Visiting This Scenic City in Iceland

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Is Reykjavik Expensive? An In-Depth Guide to Visiting This Scenic City in Iceland

Iceland’s capital, Reykjavík, is one of the most beautiful and iconic cities in the world. Situated on Iceland’s southwestern coast, Reykjavík not only offers tourists breathtaking views and endless opportunities to explore, but it can also be an affordable destination for travelers. So, the question must be answered: is Reykjavík expensive?

To answer this question, it is important to understand the costs of visiting Reykjavík and how you can save money when exploring it.

Accommodation in Reykjavík: Is It Expensive

Accommodation prices in Reykjavík range from expensive to affordable. If you are looking for luxury and want to stay in one of iceland’s famous hotels, then you will be paying top dollar. However, if you don’t necessarily need 5-star luxury, then there are plenty of budget-friendly options. Hotels, guesthouses, Airbnb’s, and camping are all popular lodging choices in Reykjavík and generally tend to be more reasonably priced than in larger cities around the world.

Food & Dining: Is Eating Expensive in Reykjavík

Most tourists come to Iceland expecting food and drink to be an expensive purchase. However, this isn’t completely true. It is true that dining out in Reykjavík can be expensive, but there are plenty of budget-friendly options to choose from. For example, hot dogs are widely available in Reykjavík and usually cost around 500 ISK (3.70 USD).

Grocery stores like Bonus offer reasonably priced items and there are a number of restaurants and cafés that offer cheap food. For instance, the popular café Bæjarins Beztu offers delicious gourmet hotdogs at affordable prices.

Getting Around: Is Transport Expensive in Reykjavík?

Traveling around Reykjavík can be relatively expensive, especially if you plan on using tourists buses and taxis. However, it doesn’t have to be too pricey. Public transportation is reliable and affordable.

Buses are the most popular form of transport for locals and tourists alike and cost about 440 ISK (3.25 USD). There are also cheap car rental options available in Reykjavík and most rental companies offer great deals throughout the year. Driving is a great way to explore different parts of Iceland and can be cost effective for tourists who plan on staying for longer periods of time.

Attractions: Is It Expensive to Visit Attractions in Reykjavík?

Reykjavík offers plenty of attractions that tourists can explore. From museums and galleries to natural wonders like hot springs and geysers, there is something for every type of traveler. Entrance fees vary from attraction to attraction, but overall they are relatively affordable and offer great value for money.

For example, the Icelandic Phallological Museum is one of the most iconic attractions in Reykjavík and has become a must-see for many tourists. Tickets cost 1,500 ISK (11 USD) for adults and 750 ISK (5 USD) for children under 13 years old.

Conclusion: Is Reykjavík Expensive?

Overall, Reykjavík is not as expensive as some people think it is. Accommodation, food, transport, and attractions are all affordable with plenty of budget-friendly options. Of course, how much you will spend really depends on your individual budget and preferences. However, if you keep your eyes peeled for deals and use common sense when it comes to your spending habits, then you can easily make Reykjavík a budget-friendly destination.

For more information on visiting Reykjavík on a budget, check out this guide from The Thrifty Tourist which provides a comprehensive list of travel tips and advice on saving money while visiting Reykjavík.

An Insider’s Guide to Reykjavik: Exploring Iceland’s Enchanting Capital

Reykjavik, the capital of Iceland, is an alluring destination for tourists seeking adventure, stunning natural beauty, and rich cultural experiences. However, many travelers are unsure about the cost of visiting Reykjavik. In this in-depth guide, we will explore whether Reykjavik is expensive, and provide you with insider tips on how to experience the best of this scenic city in Iceland.

Getting to Reykjavik

Reykjavik is well connected to major cities in Europe, North America, and Asia. The city’s international airport, Keflavik International Airport, is about 50 km from the city center. You can take a shuttle bus, taxi, or rent a car to get to the city. The most affordable option is the shuttle bus, which costs around 3,500 ISK per person.

Accommodation in Reykjavik

Reykjavik has a range of accommodation options, including hotels, guesthouses, hostels, and apartments. Prices vary depending on the season, with summer being the most expensive time to visit. To save money, consider staying in a guesthouse or hostel. One of the best guesthouses in Reykjavik is the Reykjavik Residence Hotel, which offers spacious and comfortable rooms at affordable prices.

Food and Dining in Reykjavik

Reykjavik has a vibrant food and dining scene, with a range of options to suit all budgets. The city is known for its seafood, lamb, and dairy products. For an authentic Icelandic dining experience, try the Icelandic hot dog, pylsur, or the traditional Icelandic dish of lamb stew, kjötsúpa. One of the best places to sample Icelandic cuisine is the Reykjavik Kitchen, which sources its ingredients locally and offers a farm-to-table dining experience.

Cultural Experiences in Reykjavik

Reykjavik is rich in culture and history, with museums, galleries, and music venues to explore. The National Museum of Iceland is a must-visit for those interested in Icelandic history, while the Reykjavik Art Museum showcases contemporary Icelandic art. The Harpa Concert Hall is a stunning venue that hosts classical and contemporary music concerts and cultural events.

Local Attractions in Reykjavik

Reykjavik is surrounded by breathtaking natural beauty, including glaciers, hot springs, and waterfalls. The Blue Lagoon, Iceland’s most famous geothermal spa, is just a short drive from the city center. The Golden Circle, a popular tourist route, includes three of Iceland’s top attractions: Þingvellir National Park, Gullfoss Waterfall, and Geysir Geothermal Area.

Off-the-Beaten-Path Suggestions for Reykjavik

If you want to experience Reykjavik like a local, explore some off-the-beaten-path locations. The Reykjavik flea market, Kolaportið, is a hidden gem where you can find vintage clothes, Icelandic souvenirs, and local delicacies. The Perlan Museum is a unique attraction that offers a 360-degree view of Reykjavik and interactive exhibitions on Iceland’s natural wonders.


Reykjavik is a city that offers endless opportunities for adventure, relaxation, and cultural experiences. While the city can be expensive, there are ways to enjoy Reykjavik on a budget. Follow our insider tips, and you’ll have an unforgettable trip to one of the most enchanting destinations in the world.

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Is Reykjavik Expensive? An In-Depth Guide to Visiting This Scenic City in Iceland

Experience Adventure Like Never Before: Book Your Tour Today!