Spending time traveling you often spend much of your money of food especially when traveling to Iceland. I have just returned from a week in Iceland and food is expensive. PIN required for purchases. Prices for inexpensive restaurants and fast food cafes. Born in England but fell in love with Iceland in 2010 and moved here, been here since. Likewise, you can often find lower prices out in the countryside. How much does food cost in Iceland? We are going to Iceland for holiday in 2 days time for a month. But even if some price tags are bigger, it doesn’t mean you should avoid Iceland! Canada. I kid you not $11 for a beer is totally normal in Iceland! If breakfast is included in your accommodation, then go for it! If you can't find it please check your spam folder. If you are going out of the city center, which can be great if you have a car rental, then the prices are going to go down. $4 for a muffin and $5 for fries is crazy, I remember paying these prices very well! $11 for a glass of wine?? Alcohol is obscenely expensive and if ordered with a meal, can have the effect of more than doubling the bill. The Smyril Line Ferry Company can ship your car from Denmark to Seyðisfjörður, a charming port on a magnificent fjord in East Iceland. Between October 1st and the end of March, these prices reduce by around 33%. ISK: 8.349 – 45. It is not a custom to pay tips in Iceland but some restaurants have jars for tips and are extra glad when someone gives them tips. Thanks so much for this very helpful post!!! I know how challenging it can be to want to travel the world without the right resources or financial know-how. Choosing your dates carefully can make your accommodation budget-friendly! The price checks were all carried out for 2 adults sharing a room in downtown Reykjavík. Smirnoff: 1,490 ISK or $14.00 USDeval(ez_write_tag([[580,400],'thoughtcard_com-large-leaderboard-2','ezslot_9',112,'0','0'])); Fresh salad and sweet naan stuffed with Coconut and raisins at Gandhi Indian Restaurant: 1,100 ISK or $10.33 USD, Green curry dish at Krua Thai: 2,150 ISK or $20.19 USD, Fish and chips (catch of the day) at Icelandic Fish and Chips: 2,200 ISK or $21.27 USD, Fish and chips (catch of the day) at Icelandic Fish and Chips: 2,480 ISK or $23.36 USD, Cup of coffee at Seljalandsfoss Shop: 450 ISK or $4.22 USD, Pie and coffee at Kaffi Emil: 1,200 ISK or $11.27 USD, Soup at Black Beach Restaurant in Vik: 1,572 ISK or $14.84 USD. Spring or Autumn mean slightly cheaper available options. In fact, the average cost of a meal at even the most budget-friendly of restaurants will probably set you back about $25-30 per person. How did you enjoy your 2.5 weeks? We were just talking about this debating the cost of food in Iceland! https://thoughtcard.com/wp-content/uploads/2017/10/San-Franscico-Brunch-Spots-1.jpg, https://thoughtcard.com/wp-content/uploads/2017/07/FinalLogoHighTransparent-01.png. To me the food isn’t terribly expensive (except the eggs). These include Iceland food costs for items found at grocery stores, coffee shops, bars and restaurants. We just came from Iceland in May and it was so painful on our budget. Excellent – looking forward to hearing all about your trip! It doesnt sound like much, but these are the six best things to eat in Reykjavik, Iceland especially if youre visiting Reykjavik on a budget (and, honestly, even if your funds are limitless, these classic Reykjavik food items should be on your must-eat list of Icelandic cuisine). Almost all of these hostels offer private rooms too. There's a … Your email address will not be published. Jeans is good for exploring Reykjavík but you will be uncomfortable if it gets wet. Restaurants, 10 - 25 for a single meal, + drinks, water is always free. Iceland is not a cheap country when it comes to food but there certainly are ways to keep the costs down. Compare the Cost of Living in Reykjavik with any other city in the world. Are you heading to Iceland? A bowl of soup and other dishes can cost from 9,3 USD = 1 190 ISK; Hamburgers, meat and vegetarian dishes 7,8 - 12,5 USD = 1000 - 1 600 ISK; Common pizza. Save. People from Norway say Icelandic fuel prices are lower than they are used to be, although it’s true that most other countries have cheaper petrol. The prices you might pay for a private apartment with beds for at least two people in Downtown, Reykjavík for 1 July 2019 are the following: ISK: 11.187 – 41.036 per nightEUR: 79 – 290 per nightUSD: 88 – 324 per night. It’s also good to know that while some hosts share their bathroom or kitchen with the guests, others might refuse to do so. ISK: 50.947 – 198.000EUR: 360 – 1.386USD: 403- 1.564. 22 reviews. Bag of Sour Cream & Onion chips: 199 ISK or $1.86 USDeval(ez_write_tag([[336,280],'thoughtcard_com-medrectangle-3','ezslot_3',104,'0','0'])); Icelandic Chocolate: 549 ISK or $5.16 USD, Read Next: Things to Know About Iceland Grocery Stores, Bag of Doritos chips: 349 ISK or $3.28 USD, Bagel and cream cheese: 650 ISK or $6.10 USD. Not all hostels are listed there, though, so it is always best to check booking.com as well. Now that you’ve familiarized yourself with some of Iceland’s food costs, plug these figures into your budget and pack your bags. In 2018 prices for such accommodation would begin at ISK 12.154 / EUR 100 /USD 123.96. Shopping tips can help a lot – Bónus stores offer the best value, there are a few in the city and, also, in various country towns. The hostel at Stórholt, Akureyri is my absolute favorite place to stay outside of the capital. Seeing these prices i think it will be expensive month. How much does food cost in Iceland? Once the best-kept secret in Reykjavik, Noodle Station is now regarded as one of the top… Eeek! Thanks Paige! She paid off $63,000 of student loan debt in 4 years, bought a house at 27 and has traveled to 27 countries. The wrap—the potato, vegetable, salad, and bread that come with the filet, as well as any condiments—costs $2.50. When traveling to a new country many like to make an estimated budget and for a country like Iceland, it is recommended. Loft offers soups and light refreshments, Kex serves tasty pub style meals and snacks. Have a great trip to one of my favorite places on Earth! The cost of food and drink in Iceland!! your Subway prices seem out of date. Food and Drink. The most expensive vehicles come with extras, for example, a shower and/or a roof tent. Nice breakdown Danielle. Individual bottle of Brennivín 404 ISK (Euro 3.32 / USD 4.10)Individual vodka & lemon 779 ISK (Euro 6.41 / USD 7.91)Individual bottle of wine (187ml) 399 – 650 ISK (Euro 3.28 – 5.35 / USD 403 – 6.56)Bottle of wine – cheap to middle range 1.500 – 3.000 ISK (Euro 12.34 – 24.68 / USD 15.24 – 30.48)Bottle of dessert wine 1.899 – 6.164 ISK (Euro 15.62 – 50.71 / USD 19.29 – 62.63)Medium bottle of brandy 2.299 ISK – 19.898 ISK (Euro 18.91 – 163.69 / USD 23.36 – 202.16)Bottle of port – cheap to middle range 2.900 – 5.500 ISK (Euro 23.86 – 45.25 / USD 29.46 – 55.88)Bottle of Brennivín (schnapps) 3.499 – 9.099 ISK (Euro 28.78 – 74.85 / USD 35.55 – 92.45)Bottle of Harveys Bristol Cream Sherry 3.499 ISK (Euro 28.78 / USD 35.55)Kirsberry Cherry Speciality Wine 2.899 ISK (Euro 23.85 / USD 29.45)Bottle Tequila 6.499 – 11.999 ISK (Euro 53.46 – 98.71 / USD 66.03 – 121.99)Bottle of whisky 5.499 – 14.999 ISK (Euro 45.24 – 123.39 / USD 55.87 – 152.39)Bottle of best whisky 52.999 ISK (Euro 435.99 / USD 538.47). The only way to buy alcohol cheaper is to maximize your duty-free limit when you come into the country. Ready to book your trip to Iceland? Prices from 3,9 USD = 500 ISK per piece. What was your favorite part? If your accommodation gives access to a kitchen, you can cut costs a lot. The initial cost of the dinner can be broken down into two areas. Bag of Doritos chips (small): 350 ISK or $3.28 USDeval(ez_write_tag([[580,400],'thoughtcard_com-box-4','ezslot_1',108,'0','0'])); Sprite/Fanta/Coca Cola: 395 ISK or $3.71 USD, Bag of Doritos chips (big): 790 ISK or $7.41 USD, Bottle of Wine: 1,199-1,799 ISK or $11.29-$16.94 USD, Bacardi Original: 2,712 ISK or $25.66 USD, Somersby Cider at Reykjavik Loft HI Hostel: 932 ISK or $8.82 USD, Beer at Kex Hostel Reykjavik: 1,100 ISK or $10.33 USD. Please be informed the office will be closed on December 24th - 27th, 31st and 1st of January 2021 due to Holiday season. Lava Restaurant at Blue Lagoon Iceland is a first class restaurant that combines modern dining with the wild spirit of Icelandic nature. In terms of packing I would suggest wearing waterproof clothing and layers. So helpful seeing this breakdown, definitely want to visit soon! Petrol prices currently vary between 205.00 to 235.00 ISK per liter, with 222.20 ISK being typical, and diesel price in Iceland is 225.60 ISK per liter as of 17 June 2019. I decided to skip alcohol in my most recent trip and saved a ton! Some, but not all vehicles, can be insured for driving on F roads. A standard twin room at Reykjavik Downtown HI Hostel would cost around 20.500 ISK (Euro 144,88 / USD 163) on 1st July 2019 and just 18.501 ISK (Euro 130.75 / USD 147) on 1st October 2019 – so it is still a little cheaper to stay in Spring or Autumn! Taxes on food in Iceland is 7% but when you calculate your cost of eating out you don´t have to add them to your food bill since it is already included. You go to Iceland for the beautiful landscapes and thrilling experiences, save your money for accommodations and activities rather than food. Plus, there’s nothing better than non-stop driving around Iceland’s natural beauty and stopping at majestic landscapes. Booking last minute can be quite risky in Iceland, throwing up a fabulous bargain, or leaving you with a few quite expensive and/or inconveniently located accommodation. One of the things that shocks foreign visitors to Iceland is the price of alcohol: It is expensive to drink in Iceland! A small private apartment for 2 people or a 2-person room is the best way to go. Put that debate to rest! We are here to help! Normal-strength alcohol is only sold at Vínbúðin stores. If you want to save money on your accommodation, some hostels which are less stylish, but still comfortable, and not quite in the heart of the city offer cheaper private rooms, so again it depends on your priorities. It will come as no surprise that food in Iceland is expensive, especially if you eat in a restaurant. Required fields are marked *. Dormitory style accommodation was checked out at Loft hostel, Kex Hostel, Bus Hostel, Reykjavik Downtown Hostel & Reykjavík Hostel Village for the 1st July 2019: ISK: 5.600 – 9.688EUR: 39.58 – 68.47USD: 44 – 77. I suppose they have to charge more to actually get all the stuff into the country – they have to import a lot I guess, but those prices are eye-watering! Hostels that are more expensive are usually the “nicer” ones, offering a bar, restaurant or a good café and places to hang out, often there will also be live music or events going on. I have just returned from a week in Iceland and food is expensive. These bargain meals are great options for budget friendly eating in Reykjavík. This is a really great breakdown. Your email address will not be published. Compared to last year, prices for this type of accommodation fell as well (prices started at ISK 11.545 / EUR 95 / USD 117). Eating out is relatively expensive (the average plate will cost between 2,000 and 4,000 ISK), so the locals consider restaurant dining as a treat, as opposed to a regular occurrence. You’re headed to Iceland! Thank you. Iceland can be quite an expensive place but there is a way to do it on a more cheaper matter. Icelandic Street Food, Reykjavik: See 3,196 unbiased reviews of Icelandic Street Food, rated 5 of 5 on Tripadvisor and ranked #4 of 481 restaurants in Reykjavik. So, if you are staying out of town you can cut your accommodation budget by around 30-50%! So, how does the cost of hiring a two-berth campervan from the 1st to the 5th of July 2019 check out? To put the markups in further context, if you ordered $50 worth of food from a restaurant, the TMC would come to $58.49 through Seamless compared with $70.23 if you order through Postmates. She paid off $63,000 of student loan debt in 4 years, bought a house at 27 and has traveled to 27 countries. Any recommendations? To help you get an overall impression about prices in Iceland, we gathered recent information about accommodation, food, and transport for the year 2019. Re: Cost of food an drink in Iceland . Danielle Desir is a financially savvy traveler, 3x author and podcaster. These are all more affordable options in the city center. If the cost of the ingredients should rise to $7 then to still remain at a food cost percentage of 33%, the sale price of the meal must increase to $21 and profit will rise to $4. You want to determine your menu prices while implementing cost-controlling measures for added profitability.It’s vital to determine appropriate prices for your food because this is where your profits come from. Eating in Reykjavík can be expensive. USD, Explore Iceland’s Capital with the Reykjavik City Card, 32 However, the price of beer in Iceland may differ from one place to another. In fact, compared to 2018, most prices for accommodation have visibly dropped! Large Pizza at Halldórskaffi in Vík ISK 2500. Reserve a table. Or, to ease your worries, simply book an all-inclusive tour. My one friend was saying “oh its cheap if you buy everything at the grocery store” and my other friend as like “a dozen eggs are $10 when they are normally $2 in the US!” This article puts that debate to rest! The beef filet costs you $6 per portion. You will also find village shops are a little more expensive than city stores, such as Kjörbúðin and Samkaup, which you will find in the countryside. President of the Restaurant Advisory Service (RAS) in the US, Ron Gorodesky, believes that the most successful restaurants generate food cost percentages in the low to mid 30’s. ahson. Sandwiches, burgers, and individual pizzas will usually cost between US$15 to US$22 each, and traditional meals like lamb or chicken plus potato and salad will be US$25 to US$40 at even the cheaper places. My Reykjavík favorites are Loft Hostel and Kex Hostel, both have lively and cozy bars and very individual styles – there is always plenty going on but you can just chill out if you want. Hehe – so glad that you found this post resourceful! An average meal for two, with alcoholic drinks, can easily come to 6,000 Icelandic Krona (ISK), which is around £50 GBP/$75 USD, or indeed, even more. Krónan and Hagkaup offer a good choice of high-quality products but they are also more expensive than Bónus. And if you want to be really ‘central’ in Reykjavík, select “Miðbær” from the “Neighborhoods” filter options (there the prices for 1 July 2019 begin at approximately ISK 15.424 / EUR 109 / 121 USD). Should you long for sincerity, fair trade, and a glimpse into Iceland's economic and cultural history, you would do well to take your business to the endangered species that is the Reykjavik corner shop. You can finish up paying more or less in really remote places – there is no hard and fast rule! Laugavegur 103, 101 Reykjavík. This is largely due to the numerous newly-built hotels that offer accommodation in the luxury range. Traveling to Iceland doesn’t have to cost a fortune as long as you take some time to check out the general information about prices and look for some bargains. We had a lot of Ramen noodles and grilled cheese sandwiches and peanut butter sandwiches during our 2.5 weeks there. High food costs are a large part of it. Therefore, the entire meal costs you $8.50. Companies will not normally rent a van to you for less than three days, especially in the summer. Iceland is an almost cashless society where credit cards reign supreme, even in the most rural reaches. 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