Travel budget and cost of living in Borgarnes (Iceland) how much does a trip cost?

Borgarnes travel budget

Borgarnes: calculate your travel budget

Sample budgets for a trip to Borgarnes

These example budgets assume a 2-week holiday in Borgarnes for 2 people.

* estimated local budget for 2 people for 2 weeks (excluding plane tickets).

Cost of living in Borgarnes compared to United States in 2024

On average, the cost of living in Borgarnes in 2024 is 24% higher than the average cost of living in the United States (USA).

See the graphic below for the price variation percentage by type of expense in Borgarnes in 2024 compared to average prices in the United States (USA):

Local prices in Borgarnes by expense type

Restaurant budget in Borgarnes

Lunch

$ 21/person
($ 14 to $ 31)

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1% more than in the United States (USA) Average price in the United States (USA): $ 20

3 course dinner

$ 61/person
($ 37 to $ 103)

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59% more than in the United States (USA) Average price in the United States (USA): $ 38

McDonald's meal

$ 11/person
($ 11 to $ 22)

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8% less than in the United States (USA) Average price in the United States (USA): $ 11

Local beer

$ 6 for 500ml
($ 6 to $ 14)

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1% more than in the United States (USA) Average price in the United States (USA): $ 6

Imported beer

$ 2.7 for 330ml
($ 2 to $ 3.3)

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25% less than in the United States (USA) Average price in the United States (USA): $ 3.5

Cappuccino

$ 5/cup
($ 4 to $ 6.9)

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2% less than in the United States (USA) Average price in the United States (USA): $ 5.1

Fizzy drink

$ 3/can
($ 2.2 to $ 4.3)

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21% more than in the United States (USA) Average price in the United States (USA): $ 2.5

Water bottle

$ 2/bottle
($ 1.4 to $ 3.3)

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2% less than in the United States (USA) Average price in the United States (USA): $ 2

Hotel and accommodation budget in Borgarnes

1-star hotel

$ 81/night
($ 81 to $ 81)

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55% less than in the United States (USA) Average price in the United States (USA): $ 181

2-star hotel

$ 166/night
($ 72 to $ 402)

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3% more than in the United States (USA) Average price in the United States (USA): $ 163

3-star hotel

$ 215/night
($ 119 to $ 468)

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9% less than in the United States (USA) Average price in the United States (USA): $ 238

4-star hotel

$ 296/night
($ 163 to $ 607)

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7% less than in the United States (USA) Average price in the United States (USA): $ 322

5-star hotel

$ 95/night
($ 95 to $ 640)

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79% less than in the United States (USA) Average price in the United States (USA): $ 468

Hostel/Youth Hostel

$ 177/month
($ 98 to $ 435)

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3% more than in the United States (USA) Average price in the United States (USA): $ 173

Room with kitchen

$ 206/month
($ 74 to $ 591)

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18% less than in the United States (USA) Average price in the United States (USA): $ 252

Hotel with swimming pool

$ 285/month
($ 211 to $ 532)

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32% more than in the United States (USA) Average price in the United States (USA): $ 217

Cottage or guest house

$ 171/month
($ 171 to $ 171)

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26% less than in the United States (USA) Average price in the United States (USA): $ 233

Family room

$ 282/month
($ 164 to $ 623)

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30% more than in the United States (USA) Average price in the United States (USA): $ 217

Supermarket food budget in Borgarnes

Milk

$ 1.7/litre
($ 1.4 to $ 2.3)

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62% more than in the United States (USA) Average price in the United States (USA): $ 1

Bread

$ 3.7/500g
($ 2.2 to $ 7.3)

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2% more than in the United States (USA) Average price in the United States (USA): $ 3.6

Rice

$ 3.2/kg
($ 2.1 to $ 5.1)

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29% less than in the United States (USA) Average price in the United States (USA): $ 4.5

Eggs

$ 5.8/12 eggs
($ 4.3 to $ 7)

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59% more than in the United States (USA) Average price in the United States (USA): $ 3.7

Chicken

$ 22/kg
($ 11 to $ 28)

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75% more than in the United States (USA) Average price in the United States (USA): $ 12

Apples

$ 3/kg
($ 2 to $ 4.3)

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42% less than in the United States (USA) Average price in the United States (USA): $ 5.3

Tomatoes

$ 5/kg
($ 2.3 to $ 6.9)

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2% more than in the United States (USA) Average price in the United States (USA): $ 4.9

Potatoes

$ 3.2/kg
($ 1.7 to $ 4)

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8% more than in the United States (USA) Average price in the United States (USA): $ 3

Water bottle

$ 2
($ 0.9 to $ 3.3)

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7% less than in the United States (USA) Average price in the United States (USA): $ 2.2

Public and private transport budget in Borgarnes

Taxi (per km)

$ 2.3/km
($ 2.2 to $ 4.3)

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39% more than in the United States (USA) Average price in the United States (USA): $ 1.7

Petrol

$ 2.3/litre
($ 2.1 to $ 2.7)

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139% more than in the United States (USA) Average price in the United States (USA): $ 1

Taxi (initial pick-up charge)

$ 5.4
($ 5.3 to $ 6.4)

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54% more than in the United States (USA) Average price in the United States (USA): $ 3.5

Leisure activity budget in Borgarnes

Cinema

$ 15/ticket
($ 13 to $ 18)

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8% more than in the United States (USA) Average price in the United States (USA): $ 14

Budget for clothes and price of cigarettes in Borgarnes

Cigarettes

$ 13/pack
($ 11 to $ 14)

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22% more than in the United States (USA) Average price in the United States (USA): $ 9.9

Levi's jeans

$ 112
($ 61 to $ 147)

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111% more than in the United States (USA) Average price in the United States (USA): $ 53

Summer dress

$ 52
($ 28 to $ 96)

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16% more than in the United States (USA) Average price in the United States (USA): $ 44

Plane ticket budget

New York City → Reykjavík

$ 424
(fair price: $ 351)

Toronto → Reykjavík

$ 504
(fair price: $ 376)

London → Reykjavík

$ 156
(fair price: $ 123)

Chicago → Reykjavík

$ 731
(fair price: $ 635)

Montreal → Reykjavík

$ 824
(fair price: $ 741)

Edinburgh → Reykjavík

$ 205
(fair price: $ 175)