Ultimate Guide To Saving Money While Traveling In Iceland

Are you planning a trip to Iceland but worried about the cost? Look no further! In this ultimate guide, we will show you how to save money while still enjoying all the incredible experiences that Iceland has to offer. From affordable accommodations to budget-friendly activities and insider tips, we've got you covered. Get ready to explore the stunning landscapes of Iceland without breaking the bank.

Transportation: Affordable ways to get around in Iceland

Iceland is a beautiful country known for its stunning landscapes and unique natural wonders. Many travelers dream of visiting this Nordic island, but they often worry about the high cost of transportation. However, with a little planning and research, it is possible to explore Iceland on a budget. In this article, we will discuss some affordable ways to get around in Iceland.

Public buses:

One of the most cost-effective ways to travel around Iceland is by using the public bus system. The Icelandic public bus company, called Strætó, offers a comprehensive network that connects major towns and cities across the country. The buses are comfortable and equipped with free Wi-Fi, making it a convenient option for budget-conscious travelers. Be sure to check the bus schedules in advance as they may not run as frequently as in more populated areas.

Hitchhiking:

Hitchhiking is a common and accepted form of transportation in Iceland. Due to the country's low crime rate and friendly population, hitchhikers usually have a safe and pleasant experience. It is a great way to meet locals and get off the beaten path. However, keep in mind that hitchhiking is not for everyone and it may not always be a reliable or fast means of transportation, especially if you have a tight schedule.

Carpooling and ride-sharing:

Another affordable way to get around Iceland is by carpooling or ride-sharing. There are various websites and apps available that connect drivers with passengers who are heading in the same direction. By sharing a ride, you can split the cost of fuel and tolls, making it a cheaper alternative to renting a car on your own. Additionally, carpooling allows you to meet new people and potentially make new friends during your journey.

Renting a camper van:

If you are planning to explore the remote and beautiful countryside of Iceland, renting a camper van can be a practical and cost-effective option. With a camper van, you have the freedom to travel at your own pace and choose where to stay overnight. Many campgrounds in Iceland offer affordable facilities such as showers and cooking areas. Renting a camper van may require a larger initial investment compared to other modes of transportation, but it can save you money on accommodation in the long run.

Cycling:

For the more adventurous travelers, cycling is a unique and affordable way to explore Iceland. The country's Ring Road is a popular cycling route that offers breathtaking views of Iceland's diverse landscapes. There are also numerous off-road trails for mountain biking enthusiasts. However, keep in mind that Iceland's weather can be unpredictable, so ensure you have the appropriate gear and check road conditions before embarking on your cycling adventure.

In conclusion, transportation in Iceland does not have to be expensive, and there are several affordable ways to get around. Whether you choose to take public buses, hitchhike, carpool, rent a camper van, or cycle, make sure to plan ahead and research your options. By being flexible and open to different modes of transportation, you can experience the beauty of Iceland without breaking the bank.

Accommodation: Budget-friendly options for lodging in Iceland

When it comes to traveling in Iceland, one of the biggest expenses you'll encounter is accommodation. However, there are budget-friendly options available that can help you save money during your trip. Here are some options for budget-friendly lodging in Iceland:

Hostels:

Hostels are a popular choice for budget travelers in Iceland. They offer affordable dormitory-style rooms and sometimes even private rooms. Some hostels also have shared kitchen facilities, allowing you to cook your meals and save money on dining out. Hostels are a great way to meet other travelers and exchange tips and stories.

Guesthouses:

Guesthouses in Iceland often offer more privacy than hostels at a slightly higher price. They usually have shared bathrooms and kitchen facilities. Guesthouses are a great option if you want a comfortable place to stay but don't want to splurge on a hotel. They can be found in various locations around the country, including popular tourist destinations.

Camping:

If you're an outdoor enthusiast, camping can be a budget-friendly and adventurous option for lodging in Iceland. The country has numerous campsites that provide basic amenities such as toilets, showers, and cooking facilities. Camping allows you to be immersed in Iceland's stunning nature while saving money on accommodation. Make sure to check the weather conditions and any camping restrictions before you go.

Farmstays:

Another unique and affordable option for accommodation in Iceland is farmstays. These are guesthouses located on farms, where you can experience rural life and interact with the locals. Farmstays often offer comfortable rooms and homemade meals using local produce. This is a great option if you want to explore the countryside and get a taste of Icelandic culture.

Airbnb:

Airbnb is a popular platform that offers a wide range of accommodation options in Iceland. From private rooms in local homes to entire apartments or houses, Airbnb can provide affordable lodging choices. Make sure to read the reviews and check the location before booking to ensure the best experience. Airbnb hosts sometimes offer discounts for longer stays, so keep an eye out for those deals.

Remember to book your accommodation in advance, especially during the peak travel season (June to August), as prices tend to rise and availability can be limited. Additionally, consider staying outside the main tourist areas to find more budget-friendly options. With a little research and planning, you can find affordable lodging that allows you to save money while traveling in Iceland.

Food: Tips for eating cheaply while traveling in Iceland

When it comes to travel, one of the biggest expenses can be food. And when you're visiting a country like Iceland, known for its high cost of living, finding affordable meals can be a challenge. However, with a little planning and some insider tips, it is possible to eat cheaply while traveling in Iceland. Here are some valuable tips for saving money on food during your visit.

• Self-catering: One of the easiest ways to save money on food in Iceland is by self-catering. Renting a self-catering accommodation, such as an apartment or a hostel with a communal kitchen, allows you to prepare your own meals. This way, you have complete control over your food budget and can cook inexpensive meals using locally available ingredients.
• Grocery shopping: Make sure to stock up on groceries at supermarkets or local grocery stores. Iceland has a wide range of grocery stores, including budget-friendly options like Bonus and Kronan, where you can find reasonably priced products. Look out for discounts and special offers to save even more.
• Pack snacks: Another way to save money on food is by packing your own snacks. Whether it's granola bars, fruit, or sandwiches, having portable snacks on hand can help curb hunger and save you from buying expensive meals while on the go.
• Embrace local street food: Icelandic street food can be a tasty and affordable option for those looking to save money on meals. Try traditional Icelandic hot dogs, also known as pylsur, which are an inexpensive and delicious local treat. Fish and chips, bakery items like pastries, and skyr (Icelandic yogurt) are also popular and relatively cheaper food options.
• Utilize food trucks and local markets: Food trucks and local markets are great places to find affordable and delicious meals. Reykjavik, the capital city of Iceland, has a thriving food truck scene with a variety of cuisines at reasonable prices. Keep an eye out for local farmers' markets where you can find fresh produce, homemade baked goods, and other local products at more affordable prices compared to restaurants.
• Lunch specials and early bird menus: If you do decide to eat out at a restaurant, look for lunch specials or early bird menus. Many restaurants in Iceland offer discounted prices for lunchtime or early evening meals. Take advantage of these offers to enjoy a meal at a fraction of the regular price.
• Share meals: Portions at restaurants in Iceland can be quite generous. Consider sharing meals with your travel companions to save money and reduce food waste. This way, you can still indulge in the local cuisine without breaking the bank.
• Avoid tourist traps: It's no secret that restaurants near major tourist attractions tend to be more expensive. Venture away from the popular tourist areas and explore local neighborhoods instead. You'll not only experience authentic Icelandic culture but also find restaurants and cafes that offer more affordable prices.
• Carry a reusable water bottle: Instead of buying bottled water, carry a reusable water bottle and take advantage of Iceland's clean tap water. The tap water in Iceland is safe to drink and is of excellent quality. This small change can help you save money on beverages throughout your trip.
• Cook in bulk: If you have access to a kitchen, consider cooking in bulk. Prepare larger portions of meals and store leftovers for later. This way, you can save money on ingredients and have ready-made meals for days when you don't feel like cooking.

By following these tips, you can enjoy delicious meals without breaking the bank while traveling in Iceland. With a little planning and some creative thinking, eating cheaply in Iceland is definitely achievable.

Activities: Low-cost or free things to do in Iceland

Iceland is a breathtakingly beautiful country with plenty of unique and exciting activities to offer. However, traveling in Iceland can sometimes be expensive. If you're on a budget, don't worry! There are still plenty of low-cost or even free things to do in Iceland that will allow you to make the most of your trip without breaking the bank. Here are a few options to consider:

• Explore Reykjavik: Start your Icelandic adventure by exploring the capital city of Reykjavik. The city has a vibrant arts and culture scene, with many galleries and museums offering free admission. Take a stroll through the colorful streets, visit the iconic Hallgrímskirkja church, and don't forget to check out the beautiful waterfront area.
• Visit the Reykjanes Peninsula: Located near the airport, the Reykjanes Peninsula offers stunning landscapes and geological wonders, and it can be explored on a budget. You can visit the famous Blue Lagoon, a geothermal spa that provides a unique and relaxing experience. While admission to the Blue Lagoon can be pricey, there are other nearby hot springs that you can visit for free, such as the Reykjanesviti lighthouse hot springs.
• Explore the Golden Circle: The Golden Circle is a popular tourist route in Iceland that covers three major attractions: Þingvellir National Park, Geysir Geothermal Area, and the Gullfoss waterfall. While some guided tours can be quite expensive, you can easily explore these sights on your own. Renting a car or joining a budget-friendly group tour can help you save money.
• Chase Waterfalls: Iceland is known for its stunning waterfalls, and many of them can be visited for free. Some of the most famous waterfalls, such as Skógafoss and Seljalandsfoss, are easily accessible from the Ring Road. Be sure to pack some snacks and enjoy a picnic near these majestic natural wonders.
• Take a Hike: Iceland offers a wide range of hiking trails that allow you to explore the country's breathtaking landscapes. The Landmannalaugar region, located in the Highlands, is a hiker's paradise with its colorful rhyolite mountains and hot springs. It's possible to reach Landmannalaugar by taking the bus from Reykjavik, making it an affordable option for budget travelers.
• Explore the South Coast: Iceland's South Coast is famous for its black sand beaches, charming coastal villages, and impressive glaciers. Spend a day driving along the Ring Road, stopping at attractions like Reynisfjara black sand beach, Skógafoss waterfall, and Jökulsárlón glacier lagoon. Many of these sights can be enjoyed for free, although there may be small parking fees.
• Visit the Westfjords: If you have the time and want to escape the crowds, consider exploring the Westfjords. This region offers breathtaking fjords, remote fishing villages, and stunning wildlife. Take a ferry or fly to Ísafjörður, the largest town in the Westfjords, and embark on a memorable adventure that won't break the bank.

By taking advantage of these low-cost or free activities in Iceland, you can make the most of your trip without overspending. Remember to plan ahead, pack some food and water, and take advantage of public transportation or budget-friendly group tours to save even more money. Happy travels!

Frequently asked questions