How much is a meal in Reykjavik?
While meal prices in Reykjavik can vary, the average cost of food in Reykjavik is kr3,368 per day. Based on the spending habits of previous travelers, when dining out an average meal in Reykjavik should cost around kr1,347 per person. Breakfast prices are usually a little cheaper than lunch or dinner.
Is it expensive to eat and drink 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.
How much is a pint of beer in Reykjavik?
Cost of living in Iceland is, on average, 33.33% 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|
|Coke/Pepsi (12 oz small bottle)||346.00kr|
Eating out is relatively expensive (the average plate will cost between 2,000 and 4,000 ISK), so the locals consider restaurant dining as a treat, as opposed to a regular occurrence. If you are going to be eating out in Iceland every night of your stay, expect your expenses to soar.
Problem drinking is on the rise in Iceland, with 32% of men and 27% of women having consumed what is considered to dangerous amounts of alcohol in 2017, RÚV reports.
Even today alcohol sales in Iceland are highly regulated and government run liquor stores (Vínbúðin) are the only places to buy alcohol in Iceland. The somewhat shaky logic behind the beer ban was that access to beer would tempt young people and workers into heavy drinking.
What is the average salary in Iceland? Icelandic employees make an average gross salary of $66,460 a year, $5,537.85/month, and $31.96 an hour. After deductions, the average salary comes down to around $3,278 per month, putting Iceland's salaries among the highest in Europe.
You can buy a Big Mac in the US for $3.06, for the equivalent of $1.27 in China but it would cost you $6.67 in Iceland.
Currency. The currency used in Iceland is the Icelandic Krone (pronounced “krona”), ISK. Euro/Mastercard and Visa credit and debit cards are widely used.