Travel Costs: Iceland in Two Weeks

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Given its relatively isolated location in the middle of the ocean, it’s unsurprising that Iceland is an expensive travel destination. You will find food, gas, accommodation, and tourist activities cost more than most places, so make sure you are prepared with a realistic budget before you go.

In August 2018, my boyfriend and I went on a two week self-drive road trip around the ring road. Our travel style is a happy medium between “as cheap as possible” and “luxury”. We were conscious of money, but this was also a once-in-a-lifetime bucket list trip. To help you plan your own trip here is a breakdown of exactly how much we spent. Costs are shown in USD for two people and are based on the exchange rate at the time.


Total cost (USD)

Cost per person (USD)





Economy flights round-trip from USA to Reykjavik including 1 checked bag per person.

Car rental



Kia Picanto (cheapest available economy car)




Average $153.82 per night for 15 nights




Food and miscellaneous



Average $60.82 per person per day for a total of 15 days


Blue Lagoon



Landmannalaugar jeep tour from Selfoss



Bus to Thorsmork from Lava Centre



Glacier hike



Jökulsárlón zodiac boat tour 



Húsavík speed boat whale watching



Horse riding






Based on our experience, I would suggest a budget of $150 per night for accommodation for two and $60 per adult per day for food and miscellaneous items. You could save money by cutting out some of the more expensive tours that we took. See my Iceland in 2 weeks post for more details about our itinerary. 

 Hiking in Thórsmörk, Iceland
Kirkjufell Mountain, Iceland

About the Author

Author Photo

Lauren K.

Lauren works a regular 9-5 day job, but traveling and sharing her experiences is her passion. She prefers nature to the cities and her favorite vacations are ones that involve hiking in the mountains.


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