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Iceland

Best destinations for your dollar

Average Vacation Expenses in Iceland

19.6% — value growth in dollar since 2016

Now is not the time to travel to Iceland for a budget vacation. An incredible rebound in the Icelandic Krona, even with removed capital controls, has boosted its value against the U.S. dollar by 19.6%. The often out-of-the-way island nation is expensive to transport items to and from, which boosts costs all along the supply chain. Eating out in Iceland is nearly 20.0% more expensive than any other country on this list.

New York (JFK) — Reykjavik (KEF) $530.70*
Roundtrip, Economy, 1 passenger Flight per 100/km: $12.62
DRINKS & DINING $180.29
Meal, Inexpensive Restaurant $21.93
Meal for 2 People, Mid-range Restaurant, Three-course $119.61
McMeal at McDonalds (or Equivalent Combo Meal) $15.95
Domestic Beer (1 pint draught) $7.45
Imported Beer (11.2 oz small bottle) $9.97
Cappuccino (Regular) $5.38
GROCERIES $26.45
Milk (regular), (1 gallon) $5.63
Loaf of Fresh White Bread (1 lb) $2.99
Eggs (12) $6.21
Local Cheese (1 lb) $7.23
Apples (1 lb) $1.49
Banana (1 lb) $1.43
Oranges (1 lb) $1.47
LOCAL TRANSIT $8.44
One-way Ticket (Local Transport) $4.19
Taxi 1 mile (Normal Tariff) $4.25
RECREATION $44.54
Tennis Court Rent (1 Hour on Weekend) $30.09
Cinema, International Release, 1 Seat $14.45
SHOPPING $697.20
1 Pair of Jeans (Levis 501 Or Similar) $169.59
1 Summer Dress in a Chain Store (Zara, H&M, …) $92.69
1 Pair of Nike running Shoes (Mid-Range) $194.15
1 Pair of Men Leather Business Shoes $240.77
ACCOMMODATION AVERAGE $157.62
Hotels $172.24
Airbnb $143.00