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Reykjavik Prices & Cost of Living 2026
Iceland · Tourist · mid-size — Reykjavik is about 22% pricier than New York. Not just exchange rates: what a fair price is, where it turns into a rip-off, and what that means in your money.
Reykjavik prices at a glance
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Reykjavik travel difficulty
Posted prices and honest taxis; expensive but rarely a rip-off
Nearly everyone speaks fluent English
Airport bus ~45 min; downtown walkable; no Uber, buses are sparse
Cash barely needed; cards and phones accepted everywhere
Very safe; real risks are weather, volcanoes and terrain
Good to knowCheck safetravel.is and road conditions before leaving town; roads close often in winter
Handy apps: Hopp
Visas depend on your passport, so they are not scored. Info on this city is thin, so some scores lean on country-level data. Felt different on the ground? Tell other travelers below. Travel difficulty in Europe › Difficulty ranking for 502 cities ›
In your money
Reykjavik is about 22% pricier than New York
Based on 8 things travelers buy most, compared with New York. Each pair of bars is the same purchase in both cities, converted to your currency. Set your own city and currency in “My basis” above.
Reykjavik in numbers
- 🍜3.7 local meals
- ☕16 coffees
- 🍺8 beers
- 🚕3.4 5-km taxi rides
- 💆0.6 h of massage
- 🏨0.4 hotel nights
- Local meal1 h 2 min · New York 52 min
- Coffee14 min · New York 15 min
- Beer29 min · New York 23 min
- Taxi1 h 7 min · New York 59 min
- Street food#130 priciest
- Entry ticket#31 priciest
- SIM card#29 priciest
Reykjavik price guide & rip-off thresholds
Reykjavik travel budget
Per person per day, estimated. Flights and shopping not included.
See 4-day, 1-week and 1-month budget tables › · Plan a multi-city trip budget ›
How to spend money in Reykjavik
Live prices reported in Reykjavik
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FAQ
Is Reykjavik cheaper than New York?
Across 8 things travelers buy most (meals, coffee, beer, taxis, hotels…), Reykjavik is about 22% pricier than New York. A local meal is about kr 3,200 (≈ $26.5) and a coffee about kr 750 (≈ $6.22).
How hard is Reykjavik to travel?
Averaging rip-offs, language, getting around, payments and safety, Reykjavik scores 1.2/5 — 'very easy'. Nothing stands out as hard. Tip: Check safetravel.is and road conditions before leaving town; roads close often in winter
Is Reykjavik good for first-time travelers?
Yes — it is one of the easier places to travel (1.2/5). Check safetravel.is and road conditions before leaving town; roads close often in winter
What is a realistic daily budget for Reykjavik?
Mid-range (3-star hotel, local meals plus a dinner out, two taxi rides) is about $429 a day. Guesthouses and street food bring it to about $142; 4-star and restaurants push it to about $876.
How much does it cost to live in Reykjavik for a month?
A short-term studio (about $5,776) plus food, transport and a SIM (about $3,348) comes to roughly $9,124 a month. A local long-term lease (studio about kr 260,000) brings it down a lot.
How much should a taxi cost in Reykjavik?
For 5 km in town, expect kr 2,800 – kr 5,600; anything above kr 6,720 is suspicious.
Where do these numbers come from?
Base prices start from public cost-of-living data; once 3+ traveler reports come in, the app blends in the median of what people actually paid.
Fair range & rip-off line — each item gets its own spread (tight for transit, wide for street food). Above 1.2× the top of the fair range is flagged as a likely rip-off.
Budgets add up item prices for the lifestyle described above. Peak season and prime tourist spots run higher.
Exchange rate as of October 2026: 1 USD = kr 121. Last updated 2026-10-05.