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Iceland Travel Tips

Restaurant Prices

Dining out in Iceland can be quite an experience, but itโ€™s important to be prepared for the costs, as the prices tend to be higher than in many other countries. This is due in part to the high cost of importing goods, as well as the generally high cost of living in Iceland.


In Reykjavik, the capital, and other popular tourist destinations, you can expect to pay the following:


For a casual meal at an inexpensive restaurant, prices generally range from 2,000 to 3,500 ISK (15-25 USD). This could get you a basic dish like a burger, soup, or sandwich. Fast food options like a hot dog from a stand can cost around 500 ISK (3.50 USD).


A mid-range restaurant with a three-course meal for two people will typically cost between 10,000 to 15,000 ISK (70-100 USD). This would include a variety of options such as fish, lamb, or vegetarian dishes.


High-end restaurants in Iceland, known for their gourmet and fine dining experiences, can be quite pricey. A meal at a top-tier restaurant can easily cost over 20,000 ISK (140 USD) per person, especially if you are ordering a multi-course meal and wine.


The cost of drinks also adds up. A beer at a bar or restaurant can cost between 1,000 to 1,500 ISK (7-10 USD), while a glass of wine can range from 1,500 to 2,500 ISK (10-18 USD). Non-alcoholic beverages like soda or bottled water are generally around 300 to 500 ISK (2-3.50 USD).


Tips for Saving Money:

  • Lunch Deals. Many restaurants offer lunch specials that are more affordable than dinner prices.
  • Grocery Stores. Consider buying food from grocery stores for a picnic or self-catering if you have kitchen facilities.
  • Food Trucks. These offer delicious meals at a lower price compared to sit-down restaurants.
  • Happy Hours. Take advantage of happy hour deals for cheaper drinks.

Understanding these prices can help you budget your trip more effectively and enjoy Icelandโ€™s culinary scene without breaking the bank.

Payments

Both cash and card payments are acceptable in most restaurants in Reykjavik