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Budget guide to Iceland


Looking for ways to keep the costs down on a bucket-list Icelandic adventure? From thrifty feasts to purse-pleasing pitstops, your budget guide has landed…

Thought bank card-friendly breaks in Iceland were the stuff of legends? Struggling to find savvy ways to spend your days? Never fear – here are our top tips for saving money on your next Nordic jaunt!

Snack at 101 Reykjavik Street Food

Been wanting to try local specialties like lobster, lamb or seafood soup but without breaking the bank? We’ve got four words for you: 101 Reykjavik Street Food. Step out of the cold and warm up with a pot of steaming deliciousness at this casual downtown dining spot, where the soups will set you back around £12.

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Rainbow Street

Sightsee for free at the famous Rainbow Street

Stretching in all its kaleidoscopic glory between Bergstaðastræti and Laugavegur streets, this Pride-celebrating pathway is sure to brighten up your sightseeing. Keep your camera handy and snap to your heart’s content as you chase the rainbow to the pot of gold at the end – the iconic Hallgrímskirkja Church. And the best bit? A wander along here won’t cost you a penny.

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Reykjavik Chips

Get your fry fix at Reykjavík Chips

Chips and dips? Don’t mind if we do. If you’re on the hunt for budget bites and a good old cone of chips feels like just the ticket – this is your one-stop-shop. Available in three sizes and with more condiment options than you can shake your fries at, city snacking has never tasted so good!

Hunt down the Happy Hours

TOP TIP: “Download the “Reykjavik Appy Hour” APP to see which bars and restaurants around the city are offering deals and offers at different times of the day – you can get 50% off in most places!”

James Malyon, Head of Web and ECommerce
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Stock up on essentials then go explore!

Stock up on essentials at 10-11

Got some big days out planned? Need to stock up on essentials? 10-11 is the place for grab-and-go goodies like drinks, crisps and snacks as well as fresh fruit pots, sandwiches, wraps and freshly baked bits and bobs. It’s a great way of keeping costs downs while you’re in town.

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Look out for tasty street food

TOP TIP: “Street food is a good way to keep your costs down when dining in Iceland. When you do go to a restaurant, your cheapest option will be soup and bread, which is perfect as it fills you up and warms you up at the same time – and you often get free refills! Fish, lamb and mushroom are popular flavours. Waffles are another purse-pleasing option.”

Katie North, Senior Content Executive
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Pizza at Hlemmur Mathöll Food Hall

So there you have it, you really can enjoy a trip to Iceland without it costing the earth! Ready to start planning your penny-friendly getaway? Step this way…

Posted: 7th Oct 2022. Updated: 19th Mar 2024. Jet2 Holidays Jet2 City Breaks Jet2 Villas