Here’s a complete breakdown of costs per person for all the ten days of our trip to Iceland.
Where: Reykjavik, Hvammstangi, Western Fjords, Akureyri, Myvatn area, Seyðisfjörður, Djúpivogur, Skaftafell, Jokulsarlon, Geysir, Höfn, Vik, Þingvellir National Park, Blue Lagoon.
Transport: Airlines, Rental Car
When: July 2014, for ten days
Who: Two backpackers
Currency: United States Dollar
Note: All values in USD, unless otherwise mentioned, are approximate and based on the exchange rate at the time of publishing. Each cost is for one adult. The exchange rate at the time of publishing is assumed to be USD 1= ISK 114.
Planning & Information
| What | Cost | Notes |
| Delta Airlines | $1,230 | Flight from Los Angeles, USA (LAX) to Reykjavik, Iceland (KEF) via New York Kennedy (JFK). Return. |
| Visa | $72 | Including shipping |
| Travel Insurance | $49 | From AXA Schengen |
| SIM Card | $24.57 | ISK 2800 including voice calls, 2GB of 3G and ISK 600 as service charges. Through Siminn. |
| Total Costs | $1,375.57 | Per person |
| Overall Costs | $1,375.57 | Per person |
Day 1 – Reykjavik
| What | Cost | Notes |
| Flybus Tickets | $17.10 | ISK 1950. One way. |
| Alfholl Guesthouse | $65 | Per person, one night |
| Hallgimskirkja Tower | $6.14 | ISK 700, per person. |
| Souvenirs | $57.25 | Flag, postcards, fridge magnets |
| Dinner | $24.56 | ISK 2800 per person at Kebob House restaurant |
| Hotdog at food truck | $6.14 | Per person |
| Water & snacks | $10.52 | Coffee, biscuits, water, milk |
| Puffin Express | $38.10 | ISK 4000. Per person. |
| Total Costs | $224.81 | Per person |
| Overall Costs | $1,600.38 | Per person |
Day 2 – Reykjavik to Hvammstangi
| What | Cost | Notes |
| Flybus Tickets | $17.10 | ISK 1950. One way. |
| The Old Farmhouse Dæli B&B | $53 | €40 Per person, one night |
| Rental Car | $1,740 | Base price €1,216, GPS €70, Extra driver €10 + CDW €40 + Gravel Protection €80, Sand & Ash Protection €80, Theft Insurance €24, Discount €182 = €1,338 |
| Fuel | $175.44 | ISK 20,000 for the day |
| Toll for tunnel | $8.77 | ISK 1000 |
| Lunch at Geysir | $15.54 | ISK 2000 per person |
| Groceries | $11.75 | ISK 1340 for Coffee, biscuits, water, milk, sandwiches, etc. |
| Total Costs | $2,006.06 | Per person |
| Overall Costs | $3,606.44 | Per person |
Day 3 – Hvammstangi to Akureyri
| What | Cost | Notes |
| Guesthouse Brekkusel | $42 | €32 Per person, one night |
| Fuel | $131.58 | ISK 15,000 for the day |
| Lunch | $30.70 | ISK 3500 per person |
| Groceries | $17.54 | ISK 2000 for Coffee, biscuits, water, milk, sandwiches, etc. |
| Total Costs | $221.82 | Per person |
| Overall Costs | $3,828.26 | Per person |
Day 4 – Akureyri to Seyðisfjörður
| What | Cost | Notes |
| Post Hostel | $55 | €42 Per person, one night |
| Fuel | $131.58 | ISK 15,000 for the day |
| Dinner | $10.30 | ISK 1175 per person |
| Groceries | $13.15 | ISK 1500 for Coffee, biscuits, water, milk, sandwiches, etc. |
| Total Costs | $210.03 | Per person |
| Overall Costs | $4,038.29 | Per person |
Day 5 – Seyðisfjörður to Djúpivogur
| What | Cost | Notes |
| Klif Hostel | $43 | €33 Per person, one night |
| Fuel | $87.72 | ISK 10,000 for the day |
| Lunch | $12.90 | ISK 1400 per person |
| Dinner | $22.15 | ISK 2525 per person |
| Groceries | $30.70 | ISK 3500 for Coffee, biscuits, water, milk, sandwiches, etc. |
| Total Costs | $196.47 | Per person |
| Overall Costs | $4,234.76 | Per person |
Day 6 – Djúpivogur to Höfn
| What | Cost | Notes |
| Höfn Hostel | $72 | €55 Per person, one night |
| Fuel | $87.72 | ISK 10,000 for the day |
| Glacier Hike | $113.95 | ISK 12990 per person |
| Lunch | $7.90 | ISK 900 per person |
| Groceries | $19.30 | ISK 2200 for Coffee, biscuits, water, milk, sandwiches, etc. |
| Total Costs | $310.37 | Per person |
| Overall Costs | $4,545.13 | Per person |
Day 7 – Höfn to Vík
| What | Cost | Notes |
| Like Vik Guesthouse | $72 | €62.40 Per person, one night |
| Fuel | $87.72 | ISK 10,000 for the day |
| Dinner in Vik | $23.14 | ISK 2638 per person |
| Groceries | $7.90 | ISK 900 for Coffee, biscuits, water, snacks, etc. |
| Total Costs | $190.76 | Per person |
| Overall Costs | $4,735.89 | Per person |
Day 8 – Vík to Reykjavik
| What | Cost | Notes |
| Eric The Red Guesthouse | $58.50 | €45 Per person, one night |
| Fuel | $87.72 | ISK 10,000 for the day |
| Dinner in Reykjavik | $23.53 | ISK 2683 per person |
| Groceries | $7.90 | ISK 900 for Coffee, biscuits, water, snacks, etc. |
| Total Costs | $117.65 | Per person |
| Overall Costs | $4,853.54 | Per person |
Day 9 – Reykjavík, Blue Lagoon
| What | Cost | Notes |
| Eric The Red Guesthouse | $58.50 | €45 per person, one night |
| Icelandic Phallological Museum | $8.77 | ISK 1000 per person |
| Vikin Maritime Museum | $11.40 | ISK 1300 per person |
| Lunch at Þrir Frakkar | $39.48 | ISK 4500 per person |
| Fuel | $43.85 | ISK 5,000 for the day |
| Dinner in Reykjavik | $23.53 | ISK 2683 per person |
| Groceries | $7.90 | ISK 900 for Coffee, biscuits, water, snacks, etc. |
| Total Costs | $185.53 | Per person |
| Overall Costs | $5,039.07 | Per person |
Day 10 – Reykjavík & out
| What | Cost | Notes |
| Snacks at airport | $17.54 | ISK 2000 |
| Total Costs | $17.54 | Per person |
| Overall Costs | $5,056.61 | Per person |