Iceland Food Costs: How Much Does Food Cost In Iceland?

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How much does food cost in Iceland? As you may have guessed (from doing research already), food is expensive in Iceland, especially dining out at restaurants. However, in the spirit of providing you with the important information you need to financially prepare for your upcoming trip, I will share with you the Iceland food prices I’ve seen during my two most recent trips. Plus, Iceland supermarket prices. These include Iceland food costs for items found at grocery stores, coffee shops, bars, and restaurants. For more on how much a trip to Iceland costs – check out my detailed Iceland budget breakdown. And for even more helpful resources to plan your trip to Iceland, grab a copy of my Iceland travel guide: Iceland: Nature, Nurture & Adventure!

Iceland Food Costs (Everything You Need To Know)

Hand-made ice cream from an Icelandic dairy farm along The Golden Circle.

Suggested Daily Iceland Food and Drink Budget

Before we get started, this daily food and drink budget is perfect for mid-range or budget-conscious travelers.

It assumes you will eat out for most meals and go to the grocery store to pick up snacks.

How much should I budget for food per day in Iceland?

Based on my experience visiting Iceland multiple times, I recommend budgeting $110 – $150 USD per day for meals: $25 USD for breakfast, $35+ USD for lunch, and $45+ USD for dinner + $15 USD for drinks.

Iceland Food Cost Per Day

Again, since I’ve been to Iceland multiple times, here’s my actual spending range.

Daily Budget: 7,900-11,600 ISK ($75-$110 USD)

  • Breakfast: 2,000-2,500 ISK ($19-$24 USD)
  • Lunch: 2,100-3,700 ISK ($20-$35 USD)
  • Dinner: 2,600-4,225 ISK ($25-$40 USD)
  • Beer or wine (at a bar): 1,160 ISK ($11 USD)

Why is food so expensive in Iceland?

There are a lot of factors that contribute to Iceland’s high food prices.

Because of Iceland’s isolated island location and harsh climate, growing food is challenging and limited.

As a result, Iceland relies heavily on imports, which are impacted by taxes and tariffs, spiking up prices. Other contributing factors include high cost of living and high labor wages, which all reflect in the prices passed down to consumers.

Can you eat cheaply in Iceland?

If your accommodation offers free breakfast, that’s one easy way to reduce expenses.

To save money on food in Iceland, bring snacks from home, consider cooking meals when possible, stock up on Icelandic snacks like skyr (traditional Icelandic dairy products) and pre-made meals, like sandwiches at grocery stores.

Speaking of grocery stores, shop at Bónus and Krónan, which offer lower prices than other upscale grocery stores in Iceland. But bring your own bags to avoid additional bag fees.

More affordable Iceland food options include fish, lamb, bread, seasonal produce (potatoes, lettuce, and cucumbers) and pasta.

Skip buying bottles of water. Instead, pack a reusable bottle and fill it with delicious tap water for free! Iceland has naturally purified water all over the country so you never have to pay for bottled water. Drink from the tap, a waterfall, or natural springs.

Lastly, consider Icelandic hot dogs called ‘Pylsa’ ($3-$5 USD) from the Downtown Reykjavik food truck called Bæjarins Beztu. Unfortunately, there aren’t any vegan-friendly options.

How Much Does Food Cost in Iceland?

In this section, I detail general Iceland food prices. This section is for those who want to see the actual costs of items line by line.

Coffee prices in Reykjavík

Latte at Joe & The Juice: 450 ISK or $4.22 USD

Americano at Cafe Haiti: 520 ISK or $4.90 USD

  • Croissant and cheese: 600 ISK or $5.63 USD

Latte at Reykjavik Roasters: 600 ISK or $5.63 USD

  • Croissant: 450 ISK or $4.22 USD
  • Shot of Expresso: 400 ISK or $3.76 USD
  • Macchiato: 500 ISK or $4.70 USD
  • Water (from the tap): Free

Prices at a bakery in Reykjavík

Croissant at Braud & Co, Reykjavik: 450 ISK or $4.22 USD

Prices at grocery stores in Reykjavík

(1) Banana: 141 ISK or $1.32 USD

Bag of Sour Cream & Onion chips: 199 ISK or $1.86 USD

Pepsi: 199 ISK or $1.86 USD

Skyr: 299 ISK or $2.81 USD

Snapple: 399 ISK or $3.75 USD

Red Bull: 499 ISK or $4.67 USD

Icelandic Chocolate: 549 ISK or $5.16 USD

6 eggs: 649 ISK or $6.09 USD

12 eggs: 999 ISK or $9.38 USD

Read Next: Things to Know About Iceland Grocery Stores

Prices at gas stations near Reykjavík

Oreos: 139 ISK or $1.30 USD

Skyr: 235 ISK or $2.20 USD

Cup of coffee: 295 ISK or $2.77 USD

Bag of Doritos chips: 349 ISK or $3.28 USD

Bagel and cream cheese: 650 ISK or $6.10 USD

Prices along The Golden Circle

The Golden Circle is a popular scenic route in Iceland where you can see popular attractions like Gullfoss and Geysir, pictured below.

Tropi Juice: 295 ISK or $2.77 USD

Bag of Doritos chips (small): 350 ISK or $3.28 USD

Skyr: 390 ISK or $3.66 USD

Pringles: 390 ISK or $3.66 USD

Sprite/Fanta/Coca-Cola: 395 ISK or $3.71 USD

Muffin: 490 ISK or $4.60 USD

French Fries: 590 ISK or $5.54 USD

Bag of Doritos chips (big): 790 ISK or $7.41 USD

Sandwiches: 790 ISK or $7.42 USD

Local Salad: 1,290 ISK or $12.12 USD

Eating out in Reykjavík

Dinner at Gló: 2,000 ISK or $18.78 USD

Fresh salad and sweet naan stuffed with Coconut and raisins at Gandhi Indian Restaurant: 1,100 ISK or $10.33 USD

Green curry dish at Krua Thai: 2,150 ISK or $20.19 USD

Fish and chips (catch of the day) at Icelandic Fish and Chips: 2,200 ISK or $21.27 USD

Fish and chips (catch of the day) at Icelandic Fish and Chips: 2,480 ISK or $23.36 USD

Fish n Chips

Eating out around Iceland

Cup of coffee at Seljalandsfoss Shop: 450 ISK or $4.22 USD

Pie and coffee at Kaffi Emil: 1,200 ISK or $11.27 USD

Soup at Black Beach Restaurant in Vik: 1,572 ISK or $14.84 USD

How Much Does Alcohol Cost in Iceland?

Generally, alcohol is pricey in Iceland.

Since Iceland taxes alcohol based on the alcohol content, the stronger the spirit, the more it will cost.

One way to save money on alcohol in Iceland is to pick up alcohol at Duty-Free Iceland before leaving the airport.

Prices of alcohol at Keflavík Airport International Airport (KEF)

Bottle of Wine: 1,199-1,799 ISK or $11.29-$16.94 USD

Bacardi Original: 2,712 ISK or $25.66 USD

Read Next: Tips for Shopping Duty-Free in Iceland

Prices of alcohol in Reykjavík

Beer at Ölsmiðjan: 590 ISK or $5.54 USD

Somersby Cider at Reykjavik Loft HI Hostel: 932 ISK or $8.82 USD

Beer at Kex Hostel Reykjavik: 1,100 ISK or $10.33 USD

Smirnoff: 1,490 ISK or $14.00 USD

2022 Cost of Food in Iceland Grocery Stores

Here’s a list of Iceland supermarket prices at Bónus (a popular Iceland grocery store) as of December 2022.

Iceland Price List

  1. Coffee – 995 ISK or $7 USD
  2. Tea – 459 ISK or $3.25 USD
  3. Donuts – 259 ISK or $1.85 USD
  4. Muffins – 189 ISK or $1.35 USD
  5. Bread – 350 ISK or $2.50 USD
  6. A sleeve of Oreos – 179 ISK or $1.25 USD
  7. Crackers – 179 ISK or $1.25 USD
  8. Kristall Soda (Box of 10) – 929 ISK or $6.60 USD
  9. Sparkling water (2L) – 149 ISK or $1 USD
  10. Sliced ham – 419 ISK or $3 USD
  11. Milk (per Liter) – 215 USD or $1.50 USD
  12. Skyr – 208 ISK or $1.50 USD
  13. Skyr (a large tub) – 455 ISK or $3.25 USD
  14. Smoothie or yogurt – 324 ISK or $2.30 USD
  15. Protein drinks – 277 ISK or $2 USD
  16. Rjómi (cream) – 313 ISK or $2.25 USD
  17. Lasagna (pre-packaged) – 1,698 ISK or $12 USD
  18. Ice cubes – 425 ISK or $3 USD
  19. Popcorn – 195 ISK or $1.40 USD
  20. Chips (small bag) – 195 ISK or $1.40 USD
  21. Noodles (pasta)  – 259 ISK or $1.85 USD
  22. Pasta – 198 ISK or $1.40 USD
  23. Pasta sauces – 259 ISK or $1.85 USD
  24. Rice (bag) – 398 ISK or $2.85 USD
  25. Cup of noodles – 149 ISK or $1 USD
  26. Hraun Chocolate (candy) – 257 ISK or $1.85 USD
  27. Protein bar – 259 ISK or $1.85 USD
  28. Eggs – 649 ISK or $5 USD
  29. Oatmeal – 109 ISK or $0.80 USD
  30. Canned tuna – 259 ISK or $1.85 USD
  31. Cup of soup (3) – 229 ISK or $1.65 USD
  32. Sea salt – 309 ISK or $2.20 USD
  33. Baby food puffs – 129 ISK or $0.95 USD
  34. Baby fruit pouches – 229 ISK or $1.65 USD
  35. Diapers (pack of 25) – 1,798 ISK or $12.75 USD
  36. Candles – 398 ISK or $2.85 USD
  37. Butter – 959 ISK or $7 USD
  38. Salsa – 479 ISK or $3.40 USD

For a visual walkthrough of what it’s like shopping at Bónus, watch this video by Iceland with a View.

Remember, in Iceland, you’ll have to pay for bags or bring your own to grocery stores.

Now that you’ve familiarized yourself with some of Iceland’s food costs, plug these figures into your budget and pack your bags. You’re headed to Iceland!

Listen to this podcast episode next: How To Visit Iceland on a Budget and Save Lots of Money.

Are you heading to Iceland? Learn how to plan an affordable and adventurous trip with my Iceland travel guide, available on Amazon.

Iceland on a budget: How much does food cost in Iceland?
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45 replies
  1. Angelica says:

    I’ll be in iceland at the end of March and I can’t wait. I’ve been planning and budgeting my trip and this was extremely helpful! Thank you for the time and effort you put into this.

  2. Krishna says:

    In summary, food costs in Iceland reflect the country’s unique circumstances, including its remote location, limited agricultural resources, and import costs. While dining out can be a splurge, exploring local supermarkets and enjoying fast food options can help mitigate expenses. It’s advisable to plan your meals wisely, prioritize local produce, and explore budget-friendly options to make the most of your culinary journey through Iceland’s stunning landscapes.

  3. Amanda says:

    I really appreciate this post. I plan on sharing it!! I think this was from 2018, can you comment on how prices may have increased or changed in general since the original content was written? We are planning a large family trip for late fall this year and I want to give all the travelers a good idea of the budget. Thank you!

  4. Tiana says:

    So glad I read this before using a flight credit on this! I just assumed if the flight will be free than the trip should be affordable. . .


    WOW! You just saved me at least $1,000 on expenses! I’d rather put that budget to good use in Galapagos :)

  5. antonio alfelor says:

    Hi Danielle,

    My wife and I are planning our 7 day Iceland trip in a months time and your site is so helpful in putting our worries to rest. Thank you.

  6. Jay Parr says:

    I’m a senior citizen ( still employed) planning on visiting Iceland mid-July. To me the food isn’t terribly expensive (except the eggs). I’m trying to find reasonably places to stay. Any recommendations? Also, would jeans and T-shirt be OK or would you suggest sweater, light jacket, etc?

    • Danielle Desir says:

      Hi Jay, I’ve stayed at Loft Hostel and Kex Hostel and also Captain Reykjavik (guest house with kitchen access). These are all more affordable options in the city center. In terms of packing I would suggest wearing waterproof clothing and layers. Jeans is good for exploring Reykjavík but you will be uncomfortable if it gets wet. Remember, Iceland’s weather is unpredictable and it rains often.

  7. ania says:

    We are going to Iceland for holiday in 2 days time for a month. Seeing these prices i think it will be expensive month. Eggs 10$ its a shocker anyway, thanks for heads up

  8. Cecilia says:

    We were just talking about this debating the cost of food in Iceland! My one friend was saying “oh its cheap if you buy everything at the grocery store” and my other friend as like “a dozen eggs are $10 when they are normally $2 in the US!” This article puts that debate to rest! Thanks so much for this very helpful post!!!

  9. Claire says:

    Eeek! I would love to go to Iceland but those prices are insane. I suppose they have to charge more to actually get all the stuff into the country – they have to import a lot I guess, but those prices are eye-watering! $11 for a glass of wine?? I’d definitely go teetotal for that trip!

  10. Paige says:

    This is a really great breakdown. We just came from Iceland in May and it was so painful on our budget. We wanted to get a chicken burger at a gas station and it would’ve been $21 per person! We had a lot of Ramen noodles and grilled cheese sandwiches and peanut butter sandwiches during our 2.5 weeks there. This will help a lot of people decide whether or not they can make a trip to Iceland work.

  11. Lisa says:

    This is a really useful post for travellers, especially from the US. I live in London and am used to the high prices we have, but Iceland was insanely expensive. $4 for a muffin and $5 for fries is crazy, I remember paying these prices very well!

  12. Ryan K Biddulph says:

    Nice breakdown Danielle. I do not pay much less in NJ. A bit more expensive than the Tri-State but not by much. I see these prices as being similar to those for food in New Zealand. We wrapped up a 3 month trip there recently.


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