Is it expensive to eat in Reykjavik?
Reykjavik is not a budget destination but it's not that expensive either unless you plan to splurge. If you stick with the basics (main courses, no appetizers, no drinks), a good meal can cost around $30.
Where do the locals eat in Iceland?
1) Kaffivagninn. For simple, yet exceptionally tasty food, Kaffivagninn is unanimously one of the team's favourites. 2) Mandi. If you're craving something with a bit of a spicy kick, Mandi is the nicest place to get a lamb shawarma in town. 3) Kaffi Loki. 4) Snaps. 5) Seabaron. 6) 3 Frakkar. 7) Baejarins Beztu.
How expensive is food and drink in Iceland?
How much things cost in Iceland
|Item||ISK (average)||Price in GBP (approx)|
|Meal, inexpensive restaurant||2,500||£14.32|
|Three course meal for two at a mid-range restaurant (excluding wine)||15,000||£85|
|Domestic beer (half litre)||1,200||£6.87|
|Imported Beer (0.33l)||1,000||£5.73|
A single person estimated monthly costs are 1,178$ (154,099kr) without rent. Cost of living in Iceland is, on average, 32.99% higher than in United States.
Cost of Living in Iceland.
|Domestic Beer (1 pint draught)||1,200.00kr|
|Imported Beer (12 oz small bottle)||1,000.00kr|
Almost all food in Iceland is imported, which makes it more expensive. Also, there is a 14% VAT (value added tax) on all food. In addition Iceland has a very small population (320 thousand) so there is not that much competition in retail, which tends to make for higher prices in everything, not just food.
Budget Breakfast Prices in Reykjavik: Free – $12.
Rye bread from a hot spring
Rúgbrauð, or rye bread, is a staple Icelandic food that's been eaten for centuries. It's traditionally baked in a pot that's buried in the ground next to a bubbling hot spring. The bread is dark brown, dense, spongy and tastes quite sweet.