How much does 2 week trip to Iceland cost:Trip Expenses Breakdown

Last updated on April 5th, 2025 at 09:22 pm

I’m here today to gives you quite a bit of value for How much 2 week trip to Iceland cost? with an update for you. here’s we have our actual Iceland road trip expenses from our 2 week road trip last year.

keep your mind one thing every year not the same cost really majorly changed from the original budget.Everything else was pretty much as planned, no nasty surprises.

Planning a trip to Iceland? Discover our comprehensive Iceland trip budget that breaks down real costs for flights, accommodations, dining, and activities.

This detailed guide shows you exactly what other travelers have spent on their Iceland vacations, so you can confidently plan your own adventure.

Whether you’re seeking a budget-friendly getaway or a luxurious escape, use this Iceland travel cost guide as your go-to resource to optimize your expenses and ensure an unforgettable experience in Iceland.

Check: Iceland (The COMPLETE Travel Guide

How much does 2 week trip to Iceland cost

The cost of a trip to iceland, it depend on which travel style you prefer, first choose which trip you would like than start setup your trip plan your, for example, if you’re aiming to choose camping and cook your own, your expensive small than, but might you prefer to stay in hotels or guesthouses.

Here’s a quick breakdown of costs for a day trip. This table will help you understand and choose your trip category. Keep in mind that the fights depend on where to start.

Is Iceland Expensive? Cost Breakdown for Travelers

Sure! iceland is more expensive. It is ranks among the priciest destinations in our trip. In our journeys it’s one of bit expensive country we visted, if we compare an anther some european like sweden and austria.

The summer months are the most command higher prices, like from mid-May through August as this is the prime season to explore Iceland’s natural wonders.

During the summer is best time to visit in Iceland, there’s more avalible tour you can do and, weather is at its best, tons of tours are running, and the roads are in much better condition.

If you’re traveling in winter can be significantly more affordable and less crowded, But keep in your mind iceland is one of very cold weather, it will be difficult to do activety and very dark you may have to deal with winter storms and road closures.

Understanding these factors is essential for anyone planning a trip to Iceland. Whether you’re seeking a luxurious summer escape or a more economical winter adventure, being aware of the seasonal price fluctuations and the reasons behind them will help you better plan your Icelandic journey.

How much is a trip to Iceland per day?

Your travel in Iceland can be as affordable as around ($150 or more USD) per day if you choose budget options like camping, or staying in hostel dorms, but I recommend you check at the time you plan for your trip because the price can change.

However, for a more comfortable and enriched experience, plan on spending upwards of $350 USD each day. This flexible daily budget lets you balance cost and convenience while exploring the island.

Costs are gas in Iceland

On our adventure, we spent roughly $600 USD on gas to complete the entire Ring Road journey, including a few scenic detours such as Snaefellsnes. Keep in mind that gas prices can vary, so budgeting a similar amount is a good starting point for your Iceland road trip.

Turns out gas costs about 200ISK per litre (1.90/ litre).

Our budgeted cost was $35-$30 per day (based on 14 days).

As I mentioned before, we actually spent $600 on our trip for 14 days. Not too expensive.

I kindly recommend that you check the price of the fuel right now in Iceland before you set up your trip plan. It will help you if you want to self-drive.

Accommodation Expenses in Iceland

Accommodation prices in Iceland vary by region. but there is more different area, it depend on you trip plan. In high-demand areas like Lake Myvatn, however, nightly rates can climb above $ 320 USD. Booking early and exploring alternative lodging options can help manage these expenses.

Food Costs in Iceland

Dining in Iceland offers options for every budget. A quick snack like a hot dog from a gas station or local eatery typically costs around $9 USD.

When it comes to full meals, restaurant entrees usually range between The budget for food was $45-$60 per day (based on 14 days). For those looking to save, purchasing groceries and preparing your own meals is a highly effective strategy.

But if you are alone, it’s less than that cost, also, it depends on your plan.

Our Iceland Trip

Tracking expenses became an essential part of our travel planning. By meticulously recording costs from transportation and accommodations to dining we was able to create a detailed budget breakdown.

This approach not only helped me manage my spending but also provided valuable insights for anyone planning their own Icelandic adventure.

By planning carefully and considering your priorities, you can customize your Iceland experience to match your budget, whether you’re aiming for a budget-friendly journey or a more indulgent getaway.

Our Iceland Budget Travel Strategy

When exploring Iceland, a destination known for its high costs, adopting a more budget-friendly travel approach can make all the difference.

Typically, I choose mid-range hotels with occasional upscale indulgences, but on this trip, I opted for the most affordable budget accommodations with acceptable ratings, often featuring shared bathroom facilities.

Dining and Meal Planning

Our meals were mainly enjoyed to ete at local food restaurants. While a our hotels included breakfast.This mix of dining out and self-catering helped balance our travel budget.

An important aspect of our planning was noting that many lodging prices were quoted in Euros rather than Icelandic Krona.

Financial with Travel Companions

Traveling with your friends and family means ensuring you’re on the same financial wavelength. We recommend having clear, upfront discussions about budgeting and spending expectations, detailing specific amounts before making any reservations.

For us, prioritizing unique activities and experiences was key; we were willing to invest in memorable adventures while keeping food and accommodation costs more modest, except for a few standout spots.

This thoughtful approach to travel not only maximized our experiences in Iceland but also ensured a well-balanced and financially sustainable trip.

Cost of Iceland Trip

Flying from our home in London, we booked our flight at a competitive price that included checked luggage, even though I ended up not using it, meaning the actual cost could have been even lower. Meanwhile, securing similar airfare benefits.

For travelers exploring options to Reykjavík, direct flights are available on Play. However, these flights land at 3 AM. This late arrival can complicate your travel plans, especially if you need to rent a car, drive approximately 45 minutes to Reykjavík, and then check into your hotel.

Whether you’re searching for affordable flights from London or planning a seamless journey to Reykjavík, it’s important to compare all flight options and arrival times to ensure the best travel experience.

Our Total Cost of Iceland Trip :$9127.5 + Other small expensive

Airfare Savings: Expert Tips for Cheaper Flights

Airfare prices can be steep, but you can trim costs with smart travel strategies. One effective way to save money is by flying with a carry-on only, which not only avoids hefty baggage fees but also streamlines your airport experience.

Planning your trip during the winter season is another savvy move, as off-peak travel often means lower fares.

For travelers departing from North America, I recommend booking your flights four months or more in advance. This is a proven method of locking in the best deals.

Use these insider tips to make your next journey both affordable and stress-free while maximizing every dollar spent on air travel.

Iceland Road Trip Car Rental Costs & Money-Saving Tips

Car Rental in Iceland: Total $2902.19

Car rental is often the largest expense on an Iceland road trip. For our 14-day journey, we rented an automatic Toyota Corolla from Europcar, conveniently located right in the airport terminal.

This location saved us time, especially since many rental companies are situated a 20-minute drive from the airport. Choosing an in-terminal rental can make a big difference when you want to hit the road immediately.

Gas Costs on the Road

When planning your Iceland adventure, it’s important to budget for gas. We filled up almost every day, as gas stations can be few and far between in remote areas. Frequent refueling ensured that we always had enough gas to explore the stunning landscapes without worry.

Understanding Tunnel Charges

One notable expense on the Ring Road is the paid tunnel east of Akureyri. While most travelers encounter this tunnel only once, our itinerary required us to pass through it five times, costing an average of $10.86 per crossing.

Remember to factor in these additional tunnel fees when planning your travel budget.

Parking Fees at Popular Attractions

Although parking is free at many locations, some must-see sites charge a fee. During our trip, we paid for parking at several attractions, including:

• Fagradalsfjall Volcano: $8.43
• Kirkjufellsfoss: $6.19
• Hverir: $6.99
• Skaftafell (for Svartifoss): $9.26
• Kvernufoss: $6.39
• Seljalandsfoss/Gljúfrabúi: $11.67

Including these fees in your budget helps avoid surprises when visiting popular natural landmarks.

Ferry Costs for Westman Islands

To reach the Westman Islands with our car, we paid $102.55 for a round-trip ferry. Although traveling without a vehicle might be less expensive, having a car provided the freedom and convenience that made the extra cost worthwhile.

Tips for Saving Money on Your Iceland Trip
If you’re looking to cut costs on your Iceland adventure, consider these money-saving strategies:

• Choose a Manual Transmission: Renting a manual car is typically cheaper than an automatic.
• Opt for Off-Site Rentals: Renting from a location away from the airport can lower your rental fees.
• Plan Your Route Wisely: Organize your itinerary to minimize repeated tunnel crossings, reducing extra charges.

Accommodation

Discover Free Activities in Iceland

Iceland is a land of breathtaking natural beauty where many outdoor adventures won’t cost you a dime. From majestic waterfalls and dramatic canyons to serene beaches and cultural gems, you can experience the best of Iceland on a budget.

Explore our ultimate guide to free activities in Iceland and start planning your unforgettable adventure today.

Volcano Hiking

Experience the thrill of hiking Iceland’s volcanic landscapes. While the trail is free, parking fees may apply at certain locations.

Explore Stunning Waterfalls

Iceland is home to a dazzling array of waterfalls that showcase the raw power of nature. Visit these free waterfalls for a truly immersive experience:

• Svodufoss, Bjarnarfoss, Glanni, Reykjafoss, Goðafoss
• Dettifoss, Gufufoss, Folaldafoss, Nykurhylsfoss (also known as Sveinsstekksfoss)
• Skógafoss, Hestavadsfoss, Gluggafoss

Waterfalls with Parking Fees

Some popular waterfalls require a small parking fee, but the views are well worth it:

• Kirkjufellsfoss, Hundafoss/Svartifoss, Kvernufoss, Seljalandsfoss/Gljúfrabúi

Discover Dramatic Canyons

For a closer look at Iceland’s rugged terrain, explore these free canyons:

• Rauðfeldsgjá Gorge, Kolugljúfur Canyon, Stuðlagil Canyon
• Múlagljúfur Canyon, Fjaðrárgljúfur Canyon

Relax at Free Lagoons and Beaches

Enjoy the serene beauty of Iceland’s coastlines and glacial lagoons without spending a penny:

• Skarðsvík, Djúpalónssandur, Jökulsárlon, Fjallsárlón
• Diamond Beach, Reynisfjara Beach

Unforgettable Free Outdoor Sites

Enhance your itinerary with these unique free outdoor attractions:

• Saxhóll Crater, Hvitserkur, Hofsós Basalt Columns
• Skútustaðagígar, Dimmuborgir Lava Field, Grjótagjá Cave
• Hverir, Seydisfjördur Rainbow Street, Eggin í Gleðivík

Cultural and Indoor Free Attractions

Visit Historic Churches

Discover Iceland’s rich cultural heritage by visiting these charming and free churches:

• Ingjaldshólskirkja, Búðakirkja, Stykkishólmskirkja, Víðimýrikirkja
• Grafarkirkja, Hofskirkja

Enjoy Unique Indoor Sites

When the weather isn’t ideal for outdoor adventures, check out free indoor attractions like:

• Akureyri Christmas House

Panoramic Free Viewpoints

Iceland’s diverse landscapes offer countless free viewpoints. With endless options for stunning panoramas, every turn promises a new vista to admire.

Start Your Iceland Adventure Today

Whether you’re an avid nature lover or a cultural explorer, Iceland offers a multitude of free activities to suit every interest.

Embrace the spirit of adventure and discover how to make the most of your visit without breaking the bank. Start planning your journey now and experience the magic of Iceland’s natural wonders, historic sites, and breathtaking landscapes all for free.

Best Activities Overall in Iceland: Top Travel Experiences

Every experience in Iceland was truly unforgettable, proving that careful planning can lead to an adventure filled with fun and remarkable moments. Whether you’re seeking relaxation, adrenaline, or cultural immersion, these activities are designed to offer the best of Iceland’s diverse offerings.

Modern Wellness & Natural Beauty

Discover the modern, funky charm of the Vök Baths in Egilsstadir, a unique hotspot blending contemporary design with natural thermal waters. Complement your visit with a trip to Hvammsvik, where the natural surroundings create an ideal retreat.

For those staying in Reykjavík, don’t miss the Sky Lagoon; its exclusive Seven-Step Ritual enhances the relaxing experience, making it a must-visit for wellness enthusiasts.

Thrilling Paid Adventures

For adventure seekers, the RIB boat trip in the Westman Islands is a standout paid activity. This exhilarating tour combines stunning ocean views with the thrill of high-speed exploration, making it one of the top paid experiences for travelers in Iceland.

Whale Watching

If whale watching is on your itinerary, opt for Húsavík over Reykjavík. Known as the whale watching capital of Iceland, Húsavík offers significantly better opportunities to see these majestic creatures in action. Countless visitors have found that their whale watching tours in Húsavík are far more rewarding than those in Reykjavík.

Museums

Iceland’s museums are a window into its vibrant history and culture. Eldheimar deeply moves visitors by recounting the dramatic story of the 1973 volcanic eruption in the Westman Islands.

Equally impressive is the Herring Era Museum in Siglufjördur, renowned for its fascinating exhibits and exceptional final building that encapsulates the local heritage.

Food

Our culinary journey was balanced with satisfying flavors and smart budget choices. Although the food was neither extraordinary nor disappointing, it consistently delivered a pleasant dining experience that didn’t call for unnecessary splurges.

Throughout our trip, we focused on exploring local restaurants and charming cafes, prioritizing quality and affordability. We indulged in a few memorable culinary splurges that truly enhanced our experience.

For instance, the inviting ambiance and delightful dishes at Gott in the Westman Islands stood out as a highlight.

We kept our beverage choices refined, enjoying a premium cocktail at Gott and sampling a range of local craft beers.

This thoughtful approach allowed us to experience the unique flavors of each location and ensured that every meal was memorable and budget-friendly.

How to Save Money in Iceland: Ultimate Budget Travel Guide

Iceland is renowned for its breathtaking landscapes and unique experiences, but it’s also known as one of the world’s more expensive destinations. With these expert budget travel tips, you can explore Iceland without breaking the bank.

Travel During the Off-Season

Why choose winter (October to April)?
Traveling during the off-season offers lower airfare, reduced accommodation rates, and cheaper car rentals. Besides the cost benefits, winter in Iceland presents a completely different experience—imagine witnessing the magical Northern Lights against a serene snowy backdrop.

Book Early for the Best Deals

Secure affordable accommodation:
Early booking is essential in Iceland, where quality and budget-friendly lodging options often sell out quickly. By planning ahead, you can snag great deals on accommodations that might otherwise be booked during peak season.

Avoid the priciest areas:
While Reykjavík, Lake Mývatn, the Golden Circle, and the South Coast are popular, they can also be the most expensive. Instead, consider exploring less-touristy regions like the Snaefellsnes Peninsula or the rural north, where your money can stretch further without compromising the Icelandic experience.

Budget-Friendly Guesthouses

Shared bathrooms save money
Guesthouses with shared bathrooms are a common and economical choice in Iceland. These accommodations offer significant savings compared to private ensuite options, and the shared facilities rarely compromise comfort or convenience.

Hostels and Airbnb rentals:
For travelers on a tight budget, hostels with shared dorms are an excellent option. Additionally, Airbnb rentals can sometimes offer competitive rates, allowing you to experience local living without overspending.

If you’re planning an Iceland trip on a budget, these insider tips can help you save money while still enjoying the country’s breathtaking landscapes. From camping to using the right credit card, here are several ways to explore Iceland without breaking the bank.

Budget Travel Tips for an Unforgettable Iceland Adventure

1. Choose Camping for a Unique Experience

Camping in Iceland offers a budget-friendly alternative to expensive hostels and guesthouses. Not only is it often cheaper, but it also immerses you in the country’s natural beauty. If you don’t own camping gear, factor in the cost of renting equipment to stay prepared for Iceland’s weather conditions.

2. Use a Credit Card with Car Rental Insurance

When planning your travels, select a credit card that provides comprehensive car rental insurance. Cards like the Chase Sapphire Preferred have saved many travelers from paying extra for supplemental car rental insurance. This benefit can significantly reduce your overall travel expenses.

3. Rent a Manual Transmission Car

If you’re comfortable driving a manual transmission, renting one in Iceland might save you money. Manual cars can be more affordable, but only choose this option if you are experienced and confident in handling them, especially given Iceland’s unique driving conditions.

4. Public Transportation Options

Iceland’s public transportation, particularly buses along the Ring Road, can be economical. Remember that bus stops are limited and routes might not cover all areas, especially during winter when many services are reduced.

5. Stay Hydrated with a Refillable Water Bottle

Save money and reduce plastic waste by carrying a reusable water bottle. Iceland boasts some of the best tap water in the world, so refill your bottle wherever you go and skip the expense of buying bottled water.

6. ATM Withdrawals

During our extended trips, we relied almost entirely on credit cards, benefiting from competitive exchange rates and avoiding cash fees. In Iceland, using your card is generally more cost-effective than withdrawing Icelandic króna from ATMs. However, it’s wise to have a small amount of cash on hand for emergencies.

7. Pack Light with Carry-On

Traveling with only a carry-on can help you avoid hefty luggage fees. Look for accommodations that offer on-site laundry services and pack versatile clothing such as merino wool, which stays fresh even after multiple wears. This approach not only saves money but also streamlines your travel experience.

8. Explore Free Waterfalls

Iceland is renowned for its natural wonders, from majestic waterfalls to expansive canyons. Many of these attractions are free to visit, making them perfect for budget travelers. Prioritize these sites on your itinerary to experience the country’s beauty without additional costs.

9. Embrace Hiking as Your Main Activity

Hiking is one of the best ways to truly experience Iceland’s dramatic landscapes. While there may be occasional parking fees, most hiking trails are free, allowing you to spend hours exploring without worrying about extra expenses.

Final Thoughts

Iceland is one of the most expensive countries to travel to, as I mentioned above, but it is also one of the most beautiful natural places. I really recommend you see it at least once in your lifetime.

If you don’t have enough time to spend a two-week trip to Iceland, it’s a good time to make sure to set up your trip plan in a perfect way to suit your time and see the best of Iceland. There are plenty of shorter itineraries that you can follow on a road trip, the entire Ring Road, like we did and most of the travel.