Prices in Iceland

What are the supermarket prices in Iceland? Is the cost of living in Iceland are higher than in United States? How much will it cost us to entertain in Iceland and how much will we spend in restaurants and bars?
On this page below you will find the current price and cost overview in Iceland: food, Restaurants, living, and Entertainment (The last update: today 14 hours ago)

Currency in Iceland to Icelandic króna (ISK). For 10 US dollars you can get 1.34 thousand Icelandic krónur. For 100 US dollars you can get 13.4 thousand Icelandic krónur. And the other way: For 100 Icelandic krónur you can get 0.806 US dollars.


What are the different prices in the cities in Iceland? Look here: Prices in cities in Iceland

Prices: Reykjavik   Akureyri   Kópavogur   Egilsstadir   Gardabaer   Selfoss   Hafnarfjorour   Keflavik   Stokkseyri   Husavik  

Summing up different expenses, it can be concluded that it is generally more expensive in Iceland than in United States. Food and basic products are more expensive about 37%. In restaurants it will be more expensive by 58%. And the cost of living is higher in Iceland around 11%. In the case of sport and entertainment our expenses can be higher by 64%.

See also how prices have changed in previous years: Price changes in previous years in Iceland


Are hotels expensive in Iceland? How much will we pay for a room in Iceland?

The average price of accommodation in Iceland is $140 (ISK 18K). If you are looking for the cheapest accommodation: in a cheap one-star hotel you will pay: $95 (ISK 12K) and if you like hostels, you'll spend the night there for: $74 (ISK 9.5K). The cost of a room in a 2-star hotel is Iceland in $120 (ISK 16K). 3-star hotels offer accommodation on average for $190 (ISK 25K) Overnight stay in 4-star hotel costs $270 (ISK 34K) in Iceland If you are looking for the best conditions for your stay, then in 5-star hotels that will provide much more luxury you will have to pay $770 (ISK 99K)


And if the trip plans are simply for a given region of the world, then maybe it will come out cheaper than in Iceland in nearby countries? See prices in: Faroe Islands, United Kingdom, Ireland, Isle of Man, and Norway.

Comparison of selected prices in Iceland with prices in United States:

fees

$110 ($52 - $200)
33% less than in United States

internet

$71 ($48 - $110)
4.2% more than in United States

jeans pants

$120 ($81 - $160)
170% more than in United States

average earnings

$3.2K
13% less than in United States

renting a small apartment in the center

$1.4K ($1K - $2K)
3.7% more than in United States

renting a large apartment outside the centre

$1.9K ($1.6K - $2.6K)
7.4% more than in United States

bread

$3.5 ($2.2 - $7.1)
22% more than in United States

cheese

$13 ($8.5 - $36)
14% more than in United States

rice

$2.9 ($1.6 - $4.6)
31% less than in United States

tomatoes

$4.7 ($2.8 - $6.4)
5.2% more than in United States

bananas

$2.5 ($1.6 - $3.3)
by half more than in United States

wine

$20 ($15 - $32)
61% more than in United States

cheap restaurant

$20 ($12 - $36)
29% more than in United States

local beer

$9.7 ($5 - $12)
86% more than in United States

coffee

$4.6 ($3.1 - $7.3)
3.9% more than in United States

bottle of water

$2.1 ($1.6 - $2.8)
34% more than in United States

mac burger king or similar bar

$15 ($12 - $16)
74% more than in United States

cola pepsi sprite mirinda

$2.7 ($1.6 - $4.8)
39% more than in United States

Price changes in previous years in Iceland

Has the price of bread increased in Iceland?
Bread in previous years has cost: 2012: $2.1(ISK 270), 2013: $1.8(ISK 230), 2014: $2.2(ISK 280), 2015: $2.9(ISK 370), 2016: $2.4(ISK 310), 2017: $2.9(ISK 380), and 2018: $2.7(ISK 340).

Iceland price changes: A loaf of fresh white bread (500g) 2012-2018
Iceland price changes A loaf of fresh white bread (500g) hikersbay.com

Bananas - price changes in years: 2015: $2.9(ISK 380), 2016: $2.6(ISK 330), 2017: $2.1(ISK 270), and 2018: $1.8(ISK 230)

Iceland price changes: Bananas (1kg) 2015-2018
Iceland price changes Bananas (1kg) hikersbay.com

Have prices increased in restaurants in Iceland?
In inexpensive restaurants, the price for a meal was: 2012: $13(ISK 1.7K), 2013: $14(ISK 1.8K), 2014: $15(ISK 1.9K), 2015: $16(ISK 2.1K), 2016: $16(ISK 2.1K), 2017: $18(ISK 2.3K), and 2018: $19(ISK 2.5K)

Iceland price changes: Meal in a cheap restaurant 2012-2018
Iceland price changes Meal in a cheap restaurant hikersbay.com

Renting A Small Apartment In The Center - price changes in years: 2012: $1K(ISK 140K), 2013: $1.2K(ISK 150K), 2014: $1.1K(ISK 140K), 2015: $1.2K(ISK 160K), 2016: $1.3K(ISK 170K), 2017: $1.4K(ISK 190K), and 2018: $1.5K(ISK 200K)

Iceland price changes: Apartment (1 bedroom) in City Centre 2012-2018
Iceland price changes Apartment (1 bedroom) in City Centre hikersbay.com
Iceland price changes: Taxi 1km (Normal Tariff) 2012-2018
Iceland price changes Taxi 1km (Normal Tariff) hikersbay.com