How Much Are Meals, Drinks, and Daily Expenses in Iceland?
Iceland is one of the more expensive travel destinations. Meals at sit-down restaurants typically range from $30-50 USD per person, and premium dining can exceed $100. Alcohol, imported goods, and activities carry particularly high price tags.

A casual lunch might cost $20-30 USD, while dinner at a nice restaurant with drinks often runs $60-80 per person. Coffee costs $4-6, and a beer at a bar can be $10-15. Grocery store prices are also elevated, though buying supplies for picnics and breakfasts can help manage costs.
Accommodation ranges widely. Boutique hotels and lodges in prime locations charge $300-600 per night or more during peak season. Well-located guesthouses and smaller hotels fall in the $150-250 range.
Activities add up quickly. A glacier hike costs $100-200 per person, whale watching runs $80-120, and specialized tours like ice cave visits or super jeep excursions can exceed $300. Northern Lights tours range from $80-150 depending on the operator and vehicle type.
The high costs reflect Iceland's remote location, import dependence, and strong labor market. Budget accordingly and book tours in advance, as prices do not typically drop for last-minute bookings.
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