These days, everyone who’s anyone is visiting Iceland on a budget. Creating a budget for Iceland and saving accordingly is crucial to enjoying your time in the country without breaking the bank. That being said, even the most well-planned budgets have the potential to be blown when visiting one of the most expensive countries on the planet. Whether you are driving yourself, taking one of the many fantastic tours in Iceland, or just stopping over for a few hours, you should consider all costs. If you intend to visit Iceland on a budget, make sure to account for these unexpected trip to Iceland costs in your savings plan.
Iceland On A Budget: 5 Things You’re Forgetting To Save For
#1 Remember To Factor In Gas If You Are Hoping To Travel To Iceland On A Budget
Gas is expensive as all get out in Iceland but it is a necessary evil if you plan on renting a car and going on an epic road trip. When we mean expensive, we mean, double or triple the price you are used to paying, especially for Americans. Unfortunately, if you plan on driving in Iceland, there is no way to get around the super high Iceland gas cost. If you are hoping to see Iceland on a budget, make sure you save up for gas!
Gas is running Americans around $5-$7 USD a gallon which is exorbitant and should be factored into your budgeted Iceland trip cost. Iceland requires a ton of driving to get to all the epic sights and it generally costs around $70-$80 to fill up a vehicle that is very good on gas. Make sure to leave plenty of cushion in your budget for gas in Iceland because you are going to need it if you are hoping to visit Iceland on a budget.
You may have a general idea that gas is going to cost a pretty penny, but Iceland is quite a large country and requires a ton of driving. You will drive more than you are anticipating. Driving requires gas which requires money. Save wisely, friends!
#2 Don’t Forget To Add Tolls To Your Budgeted Iceland Trip Cost
If you are heading to west Iceland, you are going to get hit with a $10 toll to go through an underwater tunnel [way more boring than it sounds]. If you plan to head back to Reykjavik, you are going to have to pay that $10 again. While this amount may seem insignificant now, you aren’t going to want to be surprised with tolls during your trip without setting aside appropriate funds for this unsuspecting Iceland trip cost. A $20 round-trip toll isn’t something you hear about in Iceland so make sure to save for this unexpected cost if you are planning to visit Iceland on a budget. The cost of travel in Iceland is already high, so knowing about this toll ahead of time will save you slight annoyance when you are in the country!
#3 You Are Going To Want To Save Some Money For Snacks
First off, don’t you dare go out to eat if you ever hope to visit Iceland on a budget. Going out to eat is an unnecessary expense but snacks are a different story. Your trip to Iceland will most likely include a ton of driving, so having food at your disposal is necessary. If you are in a pinch, pick up a snack such as a bag of chips or granola bar at a gas station. Food is one of the most expensive costs of travel in Iceland but buying snacks and cooking dinner yourself is a great way to save!
If you think ahead, go to one of the many affordable grocery stores in Iceland and pick up nonperishable snacks in advance. Our favorites: popcorn, chips, Doritos, oranges, and apples. Having snacks at the ready will curb your hunger and will help reduce your Iceland trip cost if you aim to travel Iceland on a budget!
#4 Parking Is Another Unexpected Iceland Trip Cost To Consider
We always strive to visit Iceland on a budget and parking was a totally unexpected cost for us, especially since we were staying at a 5-star hotel in Reykjavik. Turns out, the Icelandic government doesn’t discriminate and guests staying [and parking] downtown all must pay for city parking.We thought this was a very odd Iceland trip cost because many hotels have included parking if you are staying with them.
Parking in Zone 1 [on main streets] is the most expensive, but prices go down a bit if you park in other zones and on side streets. We parked in a Zone 2 and ended up paying around $15+ per day which was a cost we didn’t include in our Iceland trip cost budget. If you are hoping to visit Iceland on a budget, simply consider the potential for paying for parking or get outside of the capital where you won’t have to pay as much or anything at all.
#5 Save Your Pennies For Using The Restroom
Yep, you heard that right. At many places in Iceland, it costs money to use the bathroom. You are going to want to factor this into your Iceland trip cost and have some change on hand in case you come across a facility that charges you. If you plan on visiting Iceland on a budget, do your best to stay away from bathrooms that charge you because every little bit counts.
Many locally owned gas stations will charge a couple hundred Kronor and while it is totally possible to run out without paying, it isn’t the best behavior for a guest visiting Iceland. You may also run into bathrooms that charge at heavily trafficked areas such as Gullfoss. Pro tip: when visiting Iceland on a budget, visit chain gas stations such as N1 or grocery stores such as Bonus for clean and free toilets.
What is your favorite pro-tip for visiting Iceland on a budget? Did you experience anything we mentioned during your trip? Were there any additional expenses that made your Iceland trip cost add up? Let us know in the comments!
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