Currency in Iceland Icelandic króna (ISK). For 10 US dollars you can get 1.22 thousand Icelandic krónur. For 100 US dollars you can get 12.2 thousand Icelandic krónur. And the other way around: For 100 Icelandic krónur you can get 0.821 US dollars.
Prices: Reykjavik Kópavogur Akureyri Keflavik Egilsstadir Hafnarfjorour Akranes Grundarfjordur Vik i Myrdal Vogar
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 in 39%. In restaurants, it will be more expensive by 61%. And the cost of living is higher in Iceland around 17%. In the case of sports and entertainment, our expenses can be higher by 44%.
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 $136 (ISK 16.6K). If you are looking for the cheapest accommodation: in a cheap one-star hotel you will pay: $91 (ISK 11.1K) and if you like hostels, you'll spend the night there for: $71 (ISK 8.64K). The cost of a room in a 2-star hotel is Iceland in $116 (ISK 14.2K). 3-star hotels offer accommodation for an average price of $184 (ISK 22.4K) Overnight stay in a 4-star hotel costs $255 (ISK 31.1K) 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 $741 (ISK 90.3K)
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.
Has the price of bread increased in Iceland?
Bread in previous years has cost: 2012: $2.2(ISK 264), 2013: $1.8(ISK 218), 2014: $2.2(ISK 272), 2015: $2.9(ISK 359), 2016: $2.4(ISK 297), 2017: $3(ISK 365), and 2018: $2.7(ISK 330).
Price changes in Bananas over the years: 2015: $3(ISK 364), 2016: $2.6(ISK 316), 2017: $2.2(ISK 262), and 2018: $1.8(ISK 221)
Have prices increased in restaurants in Iceland?
In inexpensive restaurants, the price for a meal was: 2012: $13.5(ISK 1.65K), 2013: $14.3(ISK 1.74K), 2014: $14.8(ISK 1.8K), 2015: $16.4(ISK 2K), 2016: $16.4(ISK 2K), 2017: $18.1(ISK 2.2K), and 2018: $19.7(ISK 2.4K)
Price changes in Renting A Small Apartment In The Center over the years: 2012: $1.07K(ISK 130K), 2013: $1.17K(ISK 143K), 2014: $1.07K(ISK 130K), 2015: $1.23K(ISK 149K), 2016: $1.34K(ISK 164K), 2017: $1.46K(ISK 178K), and 2018: $1.58K(ISK 192K)
Prices in cities and towns in Iceland
Choose a city, see prices in supermarkets, restaurants, compare the cost of living, see how much entertainment costs and whether it is more expensive than in United States