Budgets, Iceland

Iceland Road Trip Expenses Breakdown – How much does it cost to road trip in Iceland for 2 weeks?

iceland waterfalls

Remember last November I set a budget for our Iceland road trip? Well I’m here today with an update for you! I have our actual Iceland road trip expenses from our 2 week road trip last month!

Only one thing really majorly changed from the original budget. We ended up renting a 2WD car rather than a 4×4 due to the cost. Everything else was pretty much as planned, no nasty surprises!

So without further ado, lets find out how much it actually costs to road trip in Iceland for 2 weeks in April.

Accommodation

iceland road trip expenses - accommodation

We stayed in hotels and cottages as planned over the 2 weeks. There were certainly cheaper options but I like my creature comforts unfortunately for hubby.

The budgeted cost was £100 per night for 14 nights – £1,400.

We ended up staying 15 nights and the actual cost was £124.48 per night – £1,867.24 

I will do a post on where we stayed in Iceland shortly!

 

Car Hire

iceland road trip expenses - care hire

As I mentioned before we opted for a 2WD rather than a 4×4. Mainly because of the cost to be honest.

Check out my driving in Iceland post where I explain our choices.

Our budget for car hire was £800.

We hired a car from Thrifty and actually spent £816.79 or £54.45 per day.

Hit the nail on the head!

 

Fuel

iceland road trip expenses - fuel

This was basically a stab in the dark guess. Turns out fuel costs about 200ISK per litre (£1.45/litre).

Our budgeted cost was £20-£25 per day (based on 14 days) – say £300.

We actually spent £340.82 or £22.72 per day for 15 days. Not too bad.

 

Food & Drink

iceland road trip expenses - food

We stayed in a mixture of hotels and self catering accommodation so had a mixture of restaurant meals and homecooked food.

The budget for food was £35-£40 per day (based on 14 days) – say £500.

We actually spent £506.38 on restaurants/cafes and £178.82 on supermarket food. A total of £685.19 or £45.68 per day for 15 days.

This does include a big splurge on cocktails at our first hotel of £46.86 and alcohol from a Vinbudin of £27.49.

So if you remove the alcohol, which is sooo expensive out there, its only £610.84 or £40.72 per day!

 

Activities

iceland road trip expenses - activities

We decided not to do many paid activities in the end due to budget constraints.

We took the lift to the top of Hallgrímskirkja in Reykjavik £13.72, went to the Secret Lagoon £41.91 and took a tour of a Lava Cave £49.53.

So these cost £105.16 in total.

Baring in mind these prices are for 2 people its not so bad at all.

The budget was originally £400 but we decided we didn’t have that much to spend.

 

Flights

iceland road trip expenses - flights

We took an Icelandair flight from London Heathrow to Keflavik. I wanted to travel with an airline that didn’t make you pay extra for your hold baggage!

Our budget was £400. We actually paid £288.80 for both of us return.

 

Other Expenses

We also incurred some small expenditure which wasn’t on the original budget.

Parking in Thingvellir £3.81, tolls to take the tunnel on the way to Snaefellsness £7.62 and some small souvenirs £15.16.

 

Credit Card Fees

Our hotels and car hire were reserved with and paid on a credit card.

We incurred fees on the currency exchange unfortunately and these totalled £80.22.

 

iceland road trip expenses

2 Week (15 days) Iceland Road Trip Expenses for 2 People

  • Accommodation: £1,867.24
  • Car Hire: £816.79
  • Fuel: £340.82
  • Food & Drink: £685.19
  • Activities: £105.16
  • Flights: £288.80
  • Other: £26.59
  • Credit Card Fees: £80.22
  • TOTAL: £4,210.81 (£2,105.40 per person)

My original budget was £3,800 so I feel we did reasonably well! Food and drink was more expensive than we thought, as was accommodation.

iceland road trip expenses - beaches

2 Week (15 days) Iceland Road Trip Expenses for 2 People – Daily Breakdown

  • Accommodation: £124.48
  • Car Hire: £54.45
  • Fuel: £22.72
  • Food & Drink: £45.68
  • Activities: £7.01
  • Other: £1.77
  • TOTAL: £256.11 (£128.06 per person)

I haven’t included flights or credit card fees in the above. Obviously they will vary greatly depending on where you are coming from and if you use a credit card.

Iceland is an expensive country to travel in (as you can see!) but it really is a beautiful place that you must see at least once in your lifetime.

You don’t have to spend 2 weeks there or road trip the entire Ring Road like we did. There are plenty of shorter itineraries that you can follow to see the best of Iceland.

I have plenty of itinerary posts planned so keep an eye out for those! I’ll link them here when they are done.

Let me know if you found this post helpful in the comments 🙂 If you have any other questions just ask!

Jenna

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How Much Does It Cost to Road Trip in Iceland for 2 Weeks?


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  • Alex says:

    Did you ever write part 3? Can’t find it and have enjoyed reading parts 1 & 2!

    • Jenna says:

      Not yet! 🙁 It’s on the top of my to do list, I’ve had a couple of people ask about it now! Glad you enjoyed them, I’ll let you know when part 3 is up!

  • […] How much does it cost to road trip Iceland for 2 weeks? […]

  • Therie says:

    Wow, food is ridiculously expensive in Iceland. I guess cooking your own meals is the way to go. Thanks for sharing!

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  • […] 2 Weeks in Iceland – How Much Does it Cost? […]

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