Reykjavik Trip Cost for Backpackers
Estimate how much a trip to Reykjavik will cost. Adjust flights, hotels, food, transport & activities to match your travel style.
Traveling to Reykjavik as a backpackers? Your costs differ from the average — solo accommodation runs higher per person, but you save on food and shared expenses. Expect around $1,676 for a 7-day trip. 💱 1 USD ≈ 138 ISK.
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Reykjavik Trip Summary
Total Estimated
$2,269.30
Cost Breakdown
Economy class · $500/ person × 1
$80/night × 7 Nights × 1 Room
Breakfast $0/ day
Lunch $0/ day
Dinner $0/ day
Public Transit · $11/ day
Tickets & Admissions ×4 ($35/visit)
Day Tours ×1 ($70/visit)
Souvenirs & Gifts $148
Clothing & Accessories $130
Local Goods & Snacks $93
eSIM / Data Plan $13.5/ person
VPN, Maps & Apps $4.5/ person
Travel Insurance $19.8/ person
Visa Fees $13.2/ person
Trip Insights & Recommendations
Smart Insights
- Buy groceries at Bónus (pink pig logo) — a grocery basket costs ISK 8,000 vs ISK 14,000-16,000 at Hagkaup.
- Take advantage of restaurant lunch specials (11:30-14:00) — same quality food 40-50% cheaper than dinner.
- Download the Straetó app and buy the 24-hour bus pass for ISK 2,750 ($20) — single rides are ISK 690.
Save up to $161.00
- Eat where locals eat in Reykjavik instead of tourist spots (~30% less)−$91.00
- Mix paid attractions with free sights in Reykjavik (~20% less)−$49.00
- Get a multi-day transit pass in Reykjavik (~30% less)−$21.00
Frequently Asked Questions
How much money do you need per day in Reykjavik?
Based on current estimates, you need approximately $324.19 per person per day in Reykjavik, covering accommodation, food, transport, and activities at a moderate budget level.
Is $2,269.30 enough for 1 person in Reykjavik for 7 days?
$2,269.30 provides a moderate budget for 1 person visiting Reykjavik for 7 days, averaging $324.19 per person daily.
What is the biggest expense when traveling to Reykjavik?
Accommodation is typically the largest cost at 24.7% of the total budget ($560.00), followed by other categories. Consider booking early for better rates.
🌋 Reykjavik Travel Tips
Buy groceries at Bónus (pink pig logo) — a grocery basket costs ISK 8,000 vs ISK 14,000-16,000 at Hagkaup.
Take advantage of restaurant lunch specials (11:30-14:00) — same quality food 40-50% cheaper than dinner.
Download the Straetó app and buy the 24-hour bus pass for ISK 2,750 ($20) — single rides are ISK 690.
Popular Activities
Frequently Asked Questions
1How much does a trip to Reykjavik cost for backpackers?
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A 7-day trip to Reykjavik for backpackers costs approximately $1,676 USD, with adjusted rates for accommodation, food, and transport.
2What is the daily budget in Reykjavik for backpackers?
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Expect about $88 per person per day covering food ($42), transport ($11), and activities ($35).
3Are there savings for backpackers in Reykjavik?
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Solo travelers save on food and shared costs but pay more per person for accommodation. Budget hostels and guesthouses can cut lodging costs significantly.
