How Expensive is Iceland?

Many people often ask, “Is Iceland expensive?” Answer:  Iceland is indeed expensive. The VAT tax alone is 24%. Below are the prices I paid for various items on my last trip:

• Non-alcoholic smoothie at the Blue Lagoon $9.50
• Diesel gas $7.60 a gallon
• Beer at the Blue Lagoon $12
• One night’s accommodation at Foss Hotel Baron in Reykjavik $150
• Sandwich at Subway $9.79
• Bacon sandwich $12.90
• Onion rings $14
• Hot dog $22.60
• Hamburger $23.40
• Chicken Burger $9
• Bottle of beer $9.85
• Lasagna 4”x4” slice $32
• Wine $20 a glass
• Pasta carbonara $32
• Soccer jersey $120
• Coffee $5 for a 4 oz cup
• Mushroom soup $10 for an 8 oz serving
• Box of popcorn chicken at KFC $13

I think when all is said and done, about the only thing that wasn’t expensive on my Iceland trip was my airfare.  I paid $305 on WowAir for a ticket leaving out of Toronto eight months in advance.

~Bella