10 Most Affordable Places in Iceland

Iceland is a breathtaking country known for its stunning landscapes, vibrant culture, and unique experiences. While it may also be infamous for its high cost of living, there are still affordable places to explore and enjoy without breaking the bank. In this article, we will highlight the that offer great value for money, allowing you to experience the beauty of this Nordic nation without emptying your wallet.

1. Reykjavik

Reykjavik, the capital city of Iceland, may not be the cheapest destination in the country, but it offers a range of budget-friendly options. From affordable accommodations in guesthouses and hostels to reasonably priced street food and local eateries, Reykjavik is a great place to start your Icelandic adventure without overspending. Don’t forget to explore the city’s charming streets, visit its iconic landmarks such as Hallgrimskirkja church, and soak in the vibrant culture.

2. Akureyri

Located in northern Iceland, Akureyri is often referred to as the “Capital of the North.” This charming town offers a more affordable alternative to Reykjavik, with lower accommodation and dining costs. Akureyri is also a gateway to picturesque landscapes, including the stunning Lake Myvatn area and the majestic Godafoss waterfall. Exploring the natural beauty of Akureyri and its surroundings is a must for any budget traveler.

3. Ísafjörður

Ísafjörður is a small town nestled in the Westfjords region of Iceland. With its stunning fjords, dramatic landscapes, and quaint charm, it is a hidden gem for those seeking affordable adventures. The town offers various budget-friendly accommodations and local restaurants serving delicious Icelandic cuisine. Enjoy hiking, kayaking, or simply immersing yourself in the tranquility of this remote and affordable destination.

4. Selfoss

Situated in the southern part of Iceland, Selfoss is a town that offers a more affordable base for exploring the country’s mesmerizing natural wonders, including the Golden Circle route. With affordable guesthouses and a range of dining options, Selfoss provides a budget-friendly option for travelers seeking to experience the famous geysers, waterfalls, and national parks nearby.

5. Hella

Hella is a cozy town located in South Iceland and is an excellent alternative for budget-conscious travelers looking to explore the famed attractions of the region. The town offers affordable accommodations, including guesthouses and campsites, allowing visitors to stay close to popular destinations such as the Seljalandsfoss and Skógafoss waterfalls, as well as the stunning black sand beaches of Vik.

6. Höfn

Höfn, known as the lobster capital of Iceland, is a small town located in the southeastern part of the country. While seafood delicacies may not always be the most budget-friendly option, Höfn provides a unique experience for travelers on a budget. Enjoy scenic views of Vatnajökull glacier, visit the picturesque Stokksnes peninsula, and savor the local cuisine within your budgetary constraints.

7. Stykkishólmur

Situated on the Snæfellsnes Peninsula, Stykkishólmur is a charming town offering affordable accommodations and a range of budget-friendly activities. Explore the mystical landscapes of Snæfellsjökull National Park, visit the iconic Kirkjufell mountain, or take a boat tour to discover the stunning nearby islands. Stykkishólmur provides a perfect blend of affordability and natural beauty.

8. Egilsstaðir

Egilsstaðir, located in the eastern part of Iceland, offers a variety of budget-friendly accommodations and activities. The town serves as a gateway to the remote and beautiful Eastfjords region. Enjoy hiking in the stunning landscapes, visit charming fishing villages, and soak in the tranquility of this affordable destination. Don’t miss the opportunity to explore the majestic Hengifoss waterfall, one of Iceland’s tallest waterfalls.

9. Seyðisfjörður

Seyðisfjörður is a picturesque town nestled in the Eastfjords of Iceland. While it may take some effort to reach this remote destination, the journey is well worth it in terms of affordability and natural beauty. Explore the town’s colorful houses, visit the unique Skaftfell Cultural Center, and immerse yourself in the peacefulness of Seyðisfjörður while staying within your budget.

10. Grundarfjörður

Grundarfjörður, located on the Snæfellsnes Peninsula, is a small town renowned for its iconic mountain Kirkjufell and its surrounding beauty. Despite its popularity among photographers and nature enthusiasts, Grundarfjörður still offers affordable accommodations and dining options. Capture extraordinary landscapes, hike along scenic trails, and witness the incredible Northern Lights without breaking the bank.

In conclusion, while Iceland may have a reputation for its high cost of living, there are numerous affordable places that allow travelers to explore and experience the country’s natural wonders without exceeding their budget. From Reykjavik to Grundarfjörður, each destination offers unique experiences and budget-friendly options, making Iceland an accessible and unforgettable destination for all travelers.

Note: This article is written with a focus on affordable options in Iceland and does not include specific prices. It is always recommended to do thorough research and plan your budget accordingly before traveling to any destination.

FAQ

1. What are some affordable places to explore in Iceland?

• Reykjavik, Akureyri, Ísafjörður, Selfoss, and Hella are some of the most affordable places to explore in Iceland.

2. Is Reykjavik a budget-friendly destination?

• While Reykjavik may not be the cheapest destination in Iceland, it offers a range of budget-friendly options, including affordable accommodations and reasonably priced street food and local eateries.

3. Where is Akureyri located?

• Akureyri is located in northern Iceland and is often referred to as the Capital of the North. It offers a more affordable alternative to Reykjavik and serves as a gateway to picturesque landscapes.

4. What can you do in Selfoss?

• Situated in the southern part of Iceland, Selfoss is a town that provides a more affordable base for exploring the country’s natural wonders, including the Golden Circle route. It offers affordable guesthouses and a range of dining options.