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 prices, Restaurant prices, cost of living, and entertainment costs (The last update: today 9 hours ago)

Currency in Iceland to Icelandic króna (ISK). For 10 US dollars you can get 1.4 thousand Icelandic krónur. For 100 US dollars you can get 14 thousand Icelandic krónur. And the other way: For 100 Icelandic krónur you can get 0.745 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   Keflavik   Selfoss   Hafnarfjorour   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 18%. In restaurants it will be more expensive by 39%. And the cost of living is higher in Iceland around 5.4%. In the case of sport and entertainment our expenses can be higher by 46%.

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 19K). If you are looking for the cheapest accommodation: in a cheap one-star hotel you will pay: $93 (ISK 13K) and if you like hostels, you'll spend the night there for: $72 (ISK 9.9K). 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 26K) Overnight stay in 4-star hotel costs $260 (ISK 36K) 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 $760 (ISK 100K)

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 ($54 - $180)
by half less than in United States

internet

$69 ($48 - $97)
3% less than in United States

jeans pants

$110 ($60 - $150)
140% more than in United States

average earnings

$4.1K
5.1% less than in United States

renting a small apartment in the center

$1.5K ($1.2K - $1.9K)
12% less than in United States

renting a large apartment outside the centre

$1.9K ($1.5K - $2.3K)
19% less than in United States

bread

$3.1 ($1.9 - $6)
5.7% less than in United States

cheese

$14 ($7.9 - $19)
14% more than in United States

rice

$3.1 ($1.8 - $5.6)
28% less than in United States

tomatoes

$4.4 ($2.4 - $6.7)
3.9% less than in United States

bananas

$2.3 ($1.8 - $3.7)
38% more than in United States

wine

$19 ($15 - $30)
by half more than in United States

cheap restaurant

$19 ($13 - $37)
4.3% more than in United States

local beer

$8.9 ($7.4 - $12)
75% more than in United States

coffee

$4.5 ($3 - $6.7)
4.5% less than in United States

bottle of water

$2 ($1.5 - $3.2)
11% more than in United States

mac burger king or similar bar

$15 ($13 - $18)
by half more than in United States

cola pepsi sprite mirinda

$2.6 ($1.9 - $3.7)
10% 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(ISK 270), 2013: $1.6(ISK 220), 2014: $2(ISK 280), 2015: $2.7(ISK 370), 2016: $2.2(ISK 300), 2017: $2.7(ISK 370), and 2018: $2.5(ISK 340).

Bananas - price changes in years: 2015: $2.7(ISK 370), 2016: $2.4(ISK 320), 2017: $2(ISK 270), and 2018: $1.7(ISK 230)

Have prices increased in restaurants in Iceland?
In inexpensive restaurants, the price for a meal was: 2012: $12(ISK 1.7K), 2013: $13(ISK 1.8K), 2014: $13(ISK 1.8K), 2015: $15(ISK 2K), 2016: $15(ISK 2K), 2017: $16(ISK 2.2K), and 2018: $18(ISK 2.4K)

Renting A Small Apartment In The Center - price changes in years: 2012: $970(ISK 130K), 2013: $1.1K(ISK 150K), 2014: $970(ISK 130K), 2015: $1.1K(ISK 150K), 2016: $1.2K(ISK 170K), 2017: $1.3K(ISK 180K), and 2018: $1.4K(ISK 200K)