Is Iceland Expensive?

What is minimum wage in Iceland?

335,000 per monthMinimum wages for full-time work will be: 01 April 2019 ISK 317,000 per month.

01 April 2020 ISK 335,000 per month.

01 January 2021 ISK 351,000 per month..

What’s the warmest it gets in Iceland?

The average July temperature in the southern part of the island is 10–13 °C (50–55 °F). Warm summer days can reach 20–25 °C (68–77 °F). The highest temperature recorded was 30.5 °C (86.9 °F) in the Eastern fjords in 1939.

Why Iceland is so expensive?

Natural reasons. First of all, there are natural reasons for Iceland being expensive. It′s an island in the middle of North Atlantic Ocean, so all transport needs to be done via flights or shipping. … This also means a lot of goods and food products are imported a long way to Iceland.

Why did McDonald’s fail in Iceland?

McDonald’s is to close its business in Iceland because the country’s financial crisis has made it too expensive to operate its franchise. The fast food giant said its three outlets in the country would shut – and that it had no plans to return.

Is there a Walmart in Iceland?

Hagkaup is the Walmart / Asda of Iceland. Here you’ll find a wide range of foods as well as; toys, cosmetics, homewares, clothes etc.

What should you not wear in Iceland?

The Icelandic winds can make you feel uncomfortably cold very quickly if you are not dressed for the variable weather conditions. For a road trip, you need comfortable clothes since you will spend long hours in the car. So, you should avoid wearing items of clothing which are tight and restrictive. Dress in layers.

Is Travelling to Iceland expensive?

Iceland is expensive and is really not the most suitable place to do shopping, especially if you are traveling on a budget. … Often, they are cheaper than in Iceland. If you decide to buy an Icelandic sweater, do it at the beginning of the trip (or before even going there) – you’ll definitely need it in Iceland.

What are the main jobs in Iceland?

Jobs in Icelandaluminium smelting.fish processing.geothermal power.hydropower.medical/pharmaceutical products.tourism.

How much is a Big Mac in Iceland?

A Big Mac in Reykjavik sells for 650 krona (£3.22), but the 20% price rise required to make a decent profit would have increased it to 780 krona (£3.86), which would have made the Icelandic version of the burger the most expensive in the world.

Why is alcohol expensive in Iceland?

One of the things which is taxed most heavily in Iceland is alcohol. Alcohol taxes are levied by alcohol volume. … The state therefore collects a total of 6,163 ISK in taxes on the bottle, or 84.4% of the sale price. In addition the state monopoly stores add their margin, 705 ISK.

What should you avoid in Iceland?

What NOT to Do in Iceland: Tourist Traps and Stuff to AvoidDon’t do things just because everyone else is doing it. … Don’t assume that everything you’ll do in Iceland will be expensive. … Don’t tip. … Don’t buy bottled water. … Don’t expect that you can see everything during your stay. … Don’t get speeding tickets! … Don’t forget your sleeping mask. … Don’t buy super-expensive memorabilia.More items…•

How many days do you need in Iceland?

Technically, the full drive takes 24 hours; however, 7-8 days would allow you to visit all the major stops along the way. Generally, we advise to visit for not less than 7-8 days as you will then have sufficient time to explore much of the tours and attractions in Iceland and Reykjavik.

How much does a beer cost in Iceland?

How much does beer cost in Iceland? 500 ml of beer will set you back between 900 and 1.500 ISK with prices of 1.000 to 1.200 ISK being typical. 1 liter of beer does not cost much more than 500 ml.

How much is a cup of coffee in Iceland?

A cup of latté or cappuccino estimates at 600 ISK, tea at around 400 ISK (usually with free hot water refills) and a regular black coffee goes for anything from 200-500 ISK. There are a few ways to get around this.

What’s the best time to go to Iceland?

Broadly speaking, the summer months, June through August are the best months to visit Iceland for all-round outdoor activities. These include hiking, horse riding, whale- and puffin- spotting. The days are especially long in summer, peaking June – July during the Midnight Sun, when it’s never truly dark.

How much is breakfast in Iceland?

If a breakfast is offered it will typically cost between US$12 and US$15 for a buffet of cereals, bread, cold cuts, cheeses, hard boiled eggs, juices, coffee and tea, and perhaps some pastries.

Do supermarkets in Iceland sell alcohol?

Supermarkets are not allowed to sell alcohol of any kind but most restaurants are allowed to sell alcohol. … The only stores that are allowed to sell alcohol are government owned alcohol stores called Vínbúðin.

Is English widely spoken in Iceland?

English is taught as a second language in Iceland and almost every Icelander speaks the language fluently. … And more so, most Icelanders speak several other languages including Danish, German, Spanish and French and welcome the opportunity to practice their language skills.

Is the US dollar strong in Iceland?

The dollar also remains strong against the Icelandic krona, making this island an attractive destination. Natural attractions, such as waterfalls, geysers, sea cliffs, lava fields and the nation’s parks, can all be seen for free, adding great value to an already inexpensive trip to Iceland.

How much does a meal cost in Iceland?

Average Daily Costs While meal prices in Iceland can vary, the average cost of food in Iceland is kr3,783 per day. Based on the spending habits of previous travelers, when dining out an average meal in Iceland should cost around kr1,513 per person. Breakfast prices are usually a little cheaper than lunch or dinner.

How much does a house in Iceland cost?

An average house in Reykjavik real estate is between 40 million ISK to 50 million ISK (around US$ 382,500 to US$ 478,130). If you are looking for Reykjavik homes for sale, you will most likely find the cheapest price in the towns of Hafnarfjordur and Mosfellsbaer.