Restaurant prices in Iceland

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.


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

Prices: Reykjavik   Kópavogur   Akureyri   Keflavik   Egilsstadir   Hafnarfjorour   Akranes   Grundarfjordur   Vik i Myrdal   Vogar  


Price cheap restaurant $22 ($14.4 - $36)

cheap restaurant

$22 ($14.4 - $36)
8.7% more than in United States

Price local beer $10.1 ($6.5 - $13)

local beer

$10.1 ($6.5 - $13)
69% more than in United States

Price coffee $4.9 ($3.1 - $7.2)

coffee

$4.9 ($3.1 - $7.2)
3.8% is less expensive than in United States

Price bottle of water $2.1 ($1.4 - $3.5)

bottle of water

$2.1 ($1.4 - $3.5)
2.4% more than in United States

Price Burger King or a similar bar $16.7 ($14.4 - $18.1)

Burger King or a similar bar

$16.7 ($14.4 - $18.1)
by half more than in United States

Price Cola, Pepsi, Sprite, Mirinda $2.8 ($2 - $3.8)

Cola, Pepsi, Sprite, Mirinda

$2.8 ($2 - $3.8)
14% more than in United States

Below we present the current prices in restaurants, bars and fast food in Iceland
(The last update: 4 days ago)

Prices of food and drink in restaurants in Iceland:

  1. Meal in a cheap restaurant $22 (ISK 3K)
  2. Meal for 2 People, Mid-range Restaurant, Three-course $119 (ISK 16.5K)
  3. McMeal at McDonald's (or Equivalent Combo Meal) $16.7 (ISK 2.3K)
  4. Domestic Beer (0.5 liter draught) $10.1 (ISK 1.4K)
  5. Imported Beer (0.33 liter bottle) $8.7 (ISK 1.2K)
  6. Coke/Pepsi (0.33 liter bottle) $2.8 (ISK 392)
  7. Water (0.33 liter bottle) $2.1 (ISK 291)
  8. Cappuccino $4.9 (ISK 677)
  9. Espresso Coffee $3.4 (ISK 474)
  10. Cheeseburger (fast food) $5 (ISK 690)
source: hikersbay.com & numbeo.com

Price changes in previous years in Iceland

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)

Iceland price changes: Cappuccino 2012-2018
Iceland price changes Cappuccino hikersbay.com

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)

Iceland price changes: Meal for 2 People, Mid-range Restaurant, Three-course 2012-2018
Iceland price changes Meal for 2 People, Mid-range Restaurant, Three-course hikersbay.com

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).

Iceland price changes: Domestic Beer (0.5 liter draught) 2012-2018
Iceland price changes Domestic Beer (0.5 liter draught) hikersbay.com

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

Iceland price changes: Coke/Pepsi (0.33 liter bottle) 2012-2018
Iceland price changes Coke/Pepsi (0.33 liter bottle) hikersbay.com

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)

Iceland price changes: Water (0.33 liter bottle) 2012-2018
Iceland price changes Water (0.33 liter bottle) hikersbay.com