See also: food prices cost of living entertainment costs
Can you eat cheaply in restaurants in Iceland? What are the prices in affordable pubs in Iceland? How much will I have to spend a day when I only eat in fast food restaurants in Iceland?
If we are looking for an affordable place to eat, then in a cheap restaurant we will pay about 22 US dollars.
With limited time and to avoid spending too much, you can opt for fast food. The cost of a meal set (sandwich, fries, and a soda) is approximately 16.7 US dollars.
And when we can afford to go to the restaurant, we will pay for a meal consisting of three dishes around 119 US dollars.
And if you want to drink a beer or two, you have to pay extra: 20 US dollars (price for 2 bottles)
And if you prefer a Coke, Fanta, Sprite or similar carbonated drink, then you have to pay 2.8 US dollars for a small bottle.
Below you will find the full price list in Iceland, including imported beer, bottle of water, cheap restaurant, Burger King or a similar bar, or Cola, Pepsi, Sprite, Mirinda
See also how prices have changed in previous years: Price changes in previous years in Iceland
What currency is used in Iceland and what is the conversion rate?
Currency in Iceland Icelandic króna (ISK). For 10 US dollars you can get 1.38 thousand Icelandic krónur. For 100 US dollars you can get 13.8 thousand Icelandic krónur. And the other way around: For 100 Icelandic krónur you can get 0.725 US dollars.
Prices: Reykjavik Kópavogur Akureyri Keflavik Egilsstadir Hafnarfjorour Akranes Grundarfjordur Vik i Myrdal Vogar
cheap restaurant
$22 ($14.4 - $36)
8.7% more than in United States
local beer
$10.1 ($6.5 - $13)
69% more than in United States
coffee
$4.9 ($3.1 - $7.2)
3.8% is less expensive than in United States
bottle of water
$2.1 ($1.4 - $3.5)
2.4% more than in United States
Burger King or a similar bar
$16.7 ($14.4 - $18.1)
by half more than in United States
Cola, Pepsi, Sprite, Mirinda
$2.8 ($2 - $3.8)
14% more than in United States
Price changes in Coffee over the years: 2012: $3.2(ISK 446), 2013: $3.1(ISK 433), 2014: $3.5(ISK 477), 2015: $3.8(ISK 518), 2016: $3.8(ISK 525), 2017: $3.9(ISK 532), and 2018: $4.1(ISK 561)
Price changes in A Better Restaurant For A Couple over the years: 2012: $71(ISK 9.78K), 2013: $72(ISK 10K), 2014: $87(ISK 12K), 2015: $83(ISK 11.5K), 2016: $87(ISK 12K), 2017: $87(ISK 12K), and 2018: $87(ISK 12K)
Do we have to pay more for beer in the restaurant than we used to?
This is what beer prices looked like in 2012: $5.9(ISK 808), 2013: $6.2(ISK 850), 2014: $6.9(ISK 951), 2015: $7.2(ISK 1K), 2016: $7.6(ISK 1.05K), 2017: $8(ISK 1.1K), and 2018: $8(ISK 1.1K).
Do carbonated drinks cost more than they used to in Iceland?
On average, a bottle of Cola or Pepsi has cost: 2012: $2.1(ISK 295), 2013: $1.8(ISK 246), 2014: $2.1(ISK 286), 2015: $2.1(ISK 284), 2016: $2.2(ISK 303), 2017: $2.1(ISK 293), and 2018: $2.2(ISK 308) in recent years
Price changes in Bottle Of Water over the years: 2012: $1.9(ISK 267), 2013: $1.5(ISK 213), 2014: $1.8(ISK 244), 2015: $1.6(ISK 221), 2016: $1.6(ISK 227), 2017: $1.6(ISK 216), and 2018: $1.8(ISK 252)