Question: How Much Money Do I Need For 4 Days In Iceland?

How much does a house in Iceland cost?

Currently, the average residential property price in Reykjavik ranges from US$375,000 to US$475,000, based on a 2019 report published by REAL Trends.

A fancy new flat in the city centre can cost as much as US$7,000 per square metre (sq.

m.)..

How much does a beer cost in Iceland?

Alcohol prices in Iceland In restaurants and bars throughout the country you’ll pay at least US$8 for a pint of beer, and at least US$10 for a glass of wine or a simple cocktail. If it’s a fancy place you’ll pay even more, of course.

How much money do you need for a week in Iceland?

The average cost for a trip to Iceland for a family of four for a week is $7-9,000. Yup, that is over $1,000 a day. I have worked with families of five that have spent $25,000 on a 10-day trip, and couples who have spent $5,000 on a week-long trip.

How much should I budget for a trip to Iceland?

A minimal budget for Iceland is $60-80 USD per person per day — and that’s staying in a hostel dorm, cooking most of your own meals, skipping tours, and taking buses. A mid-range budget is more like $200 USD per person per day.

Is 5 days enough to visit Iceland?

Any traveler could spend weeks getting to know Iceland, but given the reality of limited vacation days, we recommend 5-7 days for a satisfying trip. In this length of time, you can make a northern road trip from Reykjavik to Akureyri, or drive the south coast via Vik to Jokulsarlon Glacier Lagoon.

What is best month to visit Iceland?

The Best Weather in Iceland The summer months — July and August — are Iceland’s warmest, and have long been the most popular time to visit. And June, with its 24 hours of daylight, sees just about as many tourists as the peak of summer. But even during this season, bad weather (rain and intense winds) is not uncommon.

What is the best time to go to Iceland?

Broadly speaking, the summer months, June through August are the best months to visit Iceland for all-round outdoor activities. These include hiking, horse riding, whale- and puffin- spotting. The days are especially long in summer, peaking June – July during the Midnight Sun, when it’s never truly dark.

Is the Blue Lagoon worth it?

Pools and hot tubs often serve as a hub of social activity in Iceland, and while the Blue Lagoon may not provide that every time, it’s a good place to get started. It’s worth the trip for the opportunity to take in the natural beauty of Iceland: in its waters, its views and way of life.

Are clothes expensive in Iceland?

Shopping in Iceland Iceland is expensive and is really not the most suitable place to do shopping, especially if you are traveling on a budget. Many tourists consider buying traditional wool Icelandic sweaters. Quality Icelandic sweaters can easily cost 200-250 USD and more in Iceland.

Is 4 days enough for Iceland?

If it’s your first time in Iceland, it is recommended that you spend at least 3-4 days visiting. This will definitely not be enough time to explore all that there is to offer, but it will help you plan a beginner’s trip around the island.

How much is a Coke in Iceland?

Cost of Living in IcelandRestaurants[ Edit ]Imported Beer (12 oz small bottle)1,000.00 krCappuccino (regular)579.61 krCoke/Pepsi (12 oz small bottle)341.25 krWater (12 oz small bottle)258.63 kr61 more rows

How much is a cup of coffee in Iceland?

A cup of latté or cappuccino estimates at 600 ISK, tea at around 400 ISK (usually with free hot water refills) and a regular black coffee goes for anything from 200-500 ISK. There are a few ways to get around this.

What is the minimum wage in Iceland?

335,000 per monthMinimum wages for full-time work will be: 01 April 2019 ISK 317,000 per month. 01 April 2020 ISK 335,000 per month.

How much is a Big Mac in Iceland?

A Big Mac in Reykjavik sells for 650 krona (£3.22), but the 20% price rise required to make a decent profit would have increased it to 780 krona (£3.86), which would have made the Icelandic version of the burger the most expensive in the world.

What should I wear in Iceland?

What to wear on a trip to Iceland in summer (June-August)Base layer – normal underwear and short or long-sleeve t-shirts are usually fine.Warm sweater – wool or fleece.Lightweight outdoor trousers/pants – believe us, soggy jeans are no fun! … Lightweight weatherproof jacket with hood – rain – and windproof shell.More items…•

How long does it take to do the golden circle in Iceland?

The whole Golden Circle route can easily be done in one day, as the classic journey covers around 230 kilometres (140 miles to you and me). You can actually drive the route in just over 3 hours. But, of course, you need to factor in time to enjoy the attractions, take photos and stay fuelled as well.

What does a meal cost in Iceland?

Cook Your Own Food I found food to be the most expensive thing in Iceland. Eating out, even on the cheap, costs about $15 USD or more per meal. Something from a sit-down restaurant with service can cost $25 USD or more!

Why is Iceland so expensive to visit?

According to Iceland Magazine, “consumer prices in Iceland are on average 66 percent higher than in Europe,” with costs in the land of fire and ice outpacing famously expensive countries such as Switzerland, Norway, and Denmark. … Since Iceland nearly tickles the Arctic Circle, its climate is not conducive to farming.

Why is Iceland so expensive?

Natural reasons. First of all, there are natural reasons for Iceland being expensive. It′s an island in the middle of North Atlantic Ocean, so all transport needs to be done via flights or shipping. … This also means a lot of goods and food products are imported a long way to Iceland.

When should I visit Iceland in 2020?

Midnight sun and warmer temperatures make summer the best season to visit Iceland. Although hikers will want to consider July and August as the best time to visit Iceland whereas February, March, September and October are typically the best time to visit Iceland for the Northern Lights.

Is there a Walmart in Iceland?

Hagkaup is the Walmart / Asda of Iceland. Here you’ll find a wide range of foods as well as; toys, cosmetics, homewares, clothes etc.