Prices in Iceland are high compared to other European countries, as is the case in other Nordic destinations such as Oslo or Copenhagen. We've compiled a list of the basic things visitors are likely to buy below so you can get an idea of costs.
Tipping in Iceland is not as widely expected as in other countries of the world as service charges are usually included in restaurant bills.
Check out the currency conversions from the Icelandic króna here.
Food and drink
- Coffee: 400 kr (US$ 2.80)
- Bottle of water: 300 kr (US$ 2.10)
- Large beer: 1,000 kr (US$ 6.90)
- Soft drink: 350 kr (US$ 2.40)
- Lunch in an Icelandic restaurant: 4,000 kr (US$ 27.70)
- Bottle of gin in a liquor store: 6,000 kr (US$ 41.60)
- Single bus ticket in Reykjavik: 470 kr (US$ 3.30)
- Day travel pass in Reykjavik: 1,800 kr (US$ 12.50)
- Three-day travel pass in Reykjavik: 4,200 kr (US$ 29.10)
- Taxi to Keflavik Airport: 18,000 kr (US$ 124.90)
- Hallgrímskirkja Tower: 1,000 kr (US$ 6.90)
- Icelandic Phallological Museum: 1,700 kr (US$ 11.80)
- The Settlement Center: 2,500 kr (US$ 17.40)
- One night in a single room in a hotel in Reykjavík: 7,000 kr (US$ 48.50)