For a few years now, Iceland seems to be on everyone’s radar. But while we’re sure you’ve heard wonderful things about this country, you’re probably scared about how much a trip there is going to cost you. We have to admit: Iceland is hands down one of the most expensive countries we’ve ever visited.
However, don’t let this put you down! It was one of the most incredible experiences of our lives and worth every cent. And there are actually ways you can save! Follow these handy tips and embrace the adventure.
Iceland Budget tips - On the Road
→ As soon as you have your dates set, start searching for rental car deals. We opted for the Blue Car rental and had a great experience! It is quite common to rent camper vans as well, so definitely consider it if that’s your thing! Read more about how to rent a car in Iceland here.
→ When choosing a rent a car, opt to pick up and drop off the vehicle at the airport – a taxi to downtown Reykjavik can cost your around 150€.
→ If you’re comfortable doing it, try hitchhiking. Iceland is the safest and friendliest place in the world for it! Definitely helps the fact that there’s pretty much only one road to drive around the entire island! On the other hand, if you’re driving, you can always pick up hitchhikers if they agree to contribute to the gas.
→ Invite your friends! This trip will be much cheaper if you do it as a group of 5 people than by yourself or as a couple. Imagine sharing the rental car/camper van costs as well as the gas with four other people! Just make sure you pick your company wisely because you’ll be spending a lot of time inside a car – same musical taste is key!
ICELAND BUDGET TIPS - Save on food
→ This tip is relevant for everywhere you go: always try to book an accommodation that serves you breakfast. Nowadays, some booking websites present you offers both with and without breakfast included. And while it is tempting to go for the cheaper ones, do the maths! Read the reviews, and if the breakfast is good, go for it! Restaurants are extremely pricey, and food isn’t the highlight of this trip. Trust us – you won’t find a trendy place to have your avocato toast in the middle of the Fjords.
Sneakpeek tip: Yes, many Airbnbs have this too. Read the small words, or ask your host!
→ Drink tap water! Don’t waste your money on plastic bottles, and be kind to the environment! It’s one of the cleanest and most delicious drinking water in the world.
→ Alcohol is expensive in Iceland! And since you cannot buy it in supermarkets, bars and nightclubs are the way to go. If you don’t want to blow your entire budget on booze, remember to stop by the duty-free shop at the airport. You can also take advantage of the popular happy hours like the Icelanders do!
→ Make sure you stock up on supermarket groceries after landing because dining out can be absurdly expensive, and not that worthy if you ask us. Bónus and Krónan are the best budget options – avoid 10-11 chain!
ICELAND BUDGET TIPS - ACCOMMODATION
→ Iceland was the first place where we’ve stayed in Airbnb shared homes. Meaning you get a private bedroom, but you will probably have to share the bathroom and common spaces with the hosts. Along with guesthouses, it’s a perfect way to skip hotels and have a meaningful and genuine experience of what it’s like to be an Icelandic. It was a fabulous solution to save some money, and we loved the experience. In fact, we still do this everywhere we go.
→ If you’re considering hostels, take your own towel from home as a lot of places will charge you a fee for them. Always carry with you a thin travel one that dries quickly. it will also be useful for when you visit some hot springs along the way!
→ One of the cheapest options to overnight in the country is to camp. However, be prepared for the cold – yes, even during summer.
... Take advantage of free activities!
The best part of Iceland is that once you’ve covered the items above, you won’t need to spend any more money! You can fill your days with waterfalls, geysers, beaches, viewpoints, churches, and lava fields without paying a single entry fee! However, there are a ton of once-in-a-lifetime experiences that you should consider if your budget allows. We’ve done a hike in the glacier, which was worth every cent! Just be aware of tourist traps and try to do as many things as you can independently.
Like it? Pin and share it!
Add a Comment