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Iceland

By Brad Benson

Iceland can feel a world away. With cascading waterfalls, snowy mountain vistas, and barren lava fields its landscapes are unlike any most people have ever seen. And its cosmopolitan capital city of Reykjavik offers a great coffee culture, vibrant music scene, diverse sights, and a surprising array of restaurants.

Fun fact: the Capital region’s population of 220,000 includes roughly 3 out of 5 Icelanders!

The country is safe, public transportation is far-reaching, English is widely-spoken, and with surprisingly short flights from the States (New York: 5hrs, LA: 7hrs), Iceland makes an excellent escape even for a long weekend. With Iceland Air’s well-known stopover option and discount airline WOW Air’s quickly expanding footprint, it’s now as inexpensive as ever to get there; however, Iceland’s high prices are notorious among travelers (e.g., drip coffee: $5 USD, mixed drinks: $25 USD, a 5-min cab ride: $20 USD, burger & fries: $30 USD) …but an Icelandic vacation doesn’t have to be cost-prohibitive. Here are a few tricks I’ve used to save money without compromising an authentic and exhilarating adventure.

10 Tips On How To Save Money When Traveling To Iceland

1. Explore Lodging Options:

From luxury hotels to hostels, options abound to fit an array of budgets in Reykjavik so know what’s available and what you’re willing to compromise for a lower cost.

2. BYOB:

This is one place that I would advocate swinging-by Duty-Free en route. All alcohol is notoriously expensive, and having a small supply on-hand to supplement a night out will definitely soften the blow.

3. Self-Cater:

Meals at restaurants add-up quickly. Stock-up at the local grocery (“Bónus”) or convenience store (“10-11”) for intermittent snacking, pre-dinner appetizers, and even the occasional full meal so you can devote more funds to the splurges.

4. Have a Restaurant Strategy:

Reykjavik sustains a wide range of restaurants, both with regard to cuisine and price. If you hit-up a pricier restaurant one night (my favorites: “Reykjavik Fish Restaurant ” “Saeta Svinio”), hit up a cheaper spot the next (my favorites: “Noodle Station” and Baejarins Beztu Pylsur”). When you do hit a more expensive spot as a group, split a combination of mains and appetizers to keep costs down and sampling up!

10 Tips On How To Save Money When Traveling To Iceland

5. Opt for Combination Tickets:

Many operators offer combination tickets that reduce prices for multiple museum admissions and tour excursions. The most popular is probably the joint Airport-and-Blue-Lagoon transportation ticket (which saves you money AND time too!).

6. Take Public Transportation:

When you can, use public transportation. The round-trip airport bus ticket (around $50) is efficient and a fraction of the cost of a private car.

7. Take a Dip in a Public Pool:

Iceland is known for its geothermal activity and the resulting recreational facilities it fuels. The Blue Lagoon is an amazing experience, but Reykjavik maintains a number of public pools and recreation centers too, and daily admission is only around $10 (one-sixth that of a Blue Lagoon entrance). Check out “Laugardalslaug,” just North of the City.

8. Walk:

Reykjavik is a beautifully-quaint city! Grab a coffee to go and wander the charming streets, multi-colored houses, and ubiquitous street art.

10 Tips On How To Save Money When Traveling To Iceland

9. Hit up the Market:

The weekend flea market (“Kolaportio”) offers a glimpse into local life with second-hand goods, homemade crafts, and culinary delicacies (and a few free samples!).

10. Live the Slow Life:

The pace of life in Iceland is refreshingly slow: take advantage! Snag a window seat at one of the excellent Reykjavik coffee shops and watch the World go by. Alternate between hot and cool soaks at the local spa. Strike-up a conversation with a bar mate or better yet, head to your place and chat-up your crew over a bottle of Brenivin. After all, these are the moments that typically cost very little monetarily, but offer an invaluable experience personally.

Iceland is one of my favorite destinations due to its uniqueness and accessibility. It can be pricey, but don’t let that prevent you from experiencing this exotically beautiful and friendly country!

For an idea on where to go in 2023, check out one of our sample itineraries here

Here are some “extras” I can help you with to make your travel experience seamless.
Want to arrange for a special anniversary dinner, bespoke champagne tasting, catamaran day trip, or a private, pre-opening museum tour for your family? You got it.
Private, luxury transfers: relax and enjoy your vacation without worrying about driving in a foreign destination. after a long transatlantic flight. We can arrange for a luxury car with drivers that have knowledge of each destination.
Unmatched culinary experiences: Looking for a reservation at a specific Michelin-star restaurant or a private. walking food tour, wine tasting, or whiskey experience? We can help.
A digital itinerary on an app that’s available even when your phone is offline. The app includes all activities, vouchers, and confirmations. You never have to worry about losing your printed travel documents again.

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