How much does a bottle of vodka cost in Iceland? - 2023 (2023)

FAQs

Is vodka expensive in Iceland? ›

The duty you pay on alcohol means that a bottle of spirits can easily cost more than twice in Iceland as it would in the US. Cigarettes are also more expensive in Iceland than in most countries, but the price difference isn't as dramatic as you'd find with alcohol.

Iceland whisky wholesale price. In 2023, the approximate price range for Iceland Whisky is between US$ 24.2 and US$ 34.33 per kilogram or between US$ 10.98 and US$ 15.57 per pound(lb). The price in Iceland Krona is ISK 3032.58 per kg.

How Much Does Alcohol Cost in Iceland? In Iceland, drinking comes at a price and you should be prepared to pay upwards of £10-£12 for a pint of beer or cocktail.

How much is a Big Mac in Iceland 2022? As of August 2022, the equivalent to a Big Mac combo meal costs 1,999 Icelandic krónur , which comes to around $14–plus or minus say, 15%, depending on the exchange rate .

Two examples of the sky high prices, picked at random in December 2016: A bottle of vodka (1 liter/33.8 fl. oz Finlandia) at the state monopoly liquor stores, ÁTVR or Vínbúðin, was 7,300 ISK, which 65.7 USD or 62 EUR. A similar bottle costs somewhere between 20 USD and 40 EUR in the US and Europe.

Money. Currency: The currency in Iceland is the Icelandic króna (ISK). Many places (restaurants, bars, tourist attractions) will take US dollars, Canadian dollars, Euros, Norwegian, Swedish and Danish currencies. Payment: Icelanders usually pay for everything by credit or debit card.

An average trip to Iceland cost for travellers that want to vacation in Iceland is approximately $90-290 USD per person per day. This means that the cost of 7 days in Iceland is around $630 to $2030 USD excluding airfare.

Regarding how much cash you might want to keep on you, we recommend 10,000 ISK, which is about equivalent to 70 USD or EUR.

Can you bring alcohol into Iceland? ›

Generally, you can bring up to 4.5 liters of wine, 1.5 liters of spirits (anything with 22 percent alcohol by volume), or 18 units (bottles or cans) of beer, however, these can be brought in a number of different combinations. Sample combinations are available online.

Iceland has a reputation of being a very expensive country. However, in recent years, the Icelandic currency has weakened a lot and the prices now are very comparable to those in Western Europe. You can find more information and price examples below.

The average price of a coffee in Iceland is about $5.50. This can vary depending on the type of coffee and where you purchase it. For example, a coffee from a local cafe is likely to be less expensive than one from a tourist-oriented cafe.

Maybe 400-600ISK for a Coke or other soft drink. Beer in a bar is about 800-1100 ISK for 0.5 litre, less during the hundreds of happy hours.

HOW MUCH DOES BEER COST IN ICELAND? 500 ml of beer will set you back between 800 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.

Tipping isn't mandatory or customary in Iceland, but it is always appreciated.

A minimum of 1 week in Iceland is ideal, but visiting for up to 2 or even 3 weeks will allow you to see more of this beautiful country in the same trip. Staying for less than 7 days in Iceland is still doable, but there's no doubt you'll want to come back again to see and do more.

Statistics suggest that consumer prices in Iceland are some of the highest in Europe, with the stunning island regularly taking the top spot as the most expensive country in the continent.

Iceland. Like Zimbabwe, Iceland suffered a major economic crash that crushed McDonald's prospects in this island country. Unlike Zimbabwe, though, Iceland had McDonald's before the 2009 crash, in its capital city.

As mentioned earlier, Iceland is one of the few countries in the world without a McDonald's and there is no Starbucks either.

How much is a 6 pack of beer in Iceland? ›

$4.96 US making a 6-pack a cool $29.76! In Iceland's Vinbudin stores everything is priced per can or bottle. So if you feel like purchasing 3 cans, just grab 'em and go ahead.

Is Iceland Expensive? Yes, Iceland is very expensive. It's one of the most expensive countries of the 80+ I've visited, up there with Sweden and Australia, though I think Norway and Switzerland are a TINY BIT more expensive than Iceland.

Alcohol is not sold in grocery stores in Iceland, it is only sold at a state liquor store called Vínbúð (The wine store). You can find the Vínbúð in most towns around Iceland and they are usually open between 11:00 - 18:00 Monday to Saturday.

The opening hours are limited, they are closed on Sundays and most public holidays. If you are travelling in Iceland right about now and thinking of opening a bottle over the holidays, it's wise to think ahead. Keep in mind that Vínbúðin is the only store allowed to sell alcohol.

Credit and debit cards are very common forms of payment for people who travel to Iceland. In fact, locals rarely use cash since most merchants accept credit and debit cards even for small purchases.

From roadside restaurants to gas stations and souvenir shops, the majority of the country utilizes cash currency in Iceland. That being said, we still recommend bringing a debit card when traveling in Iceland just in case you do need to take out some Icelandic money!

First, let's make one thing clear – Iceland is so much more than Reykjavik. So if you stumbled upon this post wondering if Iceland is worth visiting, then my answer is YES, absolutely. Iceland is one of the most beautiful and unique places on our planet and it's definitely worth a trip.

Salaries In Iceland

The average salary in Iceland is around $66,000 a year, or $32 per hour. There is no government fixed minimum wage, but various organizations negotiate minimum wages for each sector.

How Iceland's four-day workweek trial worked. Iceland's major trial was launched in 2015 by the country's federal government and the Reykjavik City Council, in concert with various trade unions. In all, 2,500 employees were able to reduce their work schedules to 35 or 36 hours per week rather than 40.

Is Iceland known for vodka? ›

Reyka Vodka

Many locals would claim this Icelandic vodka is the best in the world. The water used to make Reyka comes from a 4,000-year-old lava field. You will taste a smooth warmth with just a touch of vanilla flavoring. This vodka is unique because it is brewed in one of the coldest places on Earth.

Vodka is a distilled beverage. It is made of fermented substances such as grains, potatoes, or sometimes fruit and/or sugar. Brennivín A distilled brand of schnapps that is considered Iceland's signature liquor.

The short answer is… it depends. Some things are expensive in Iceland, but there are a lot of things that aren't. What is this? If you're visiting Iceland, the three things that will cost you the most money are accommodation, eating out and taking tours/ other activities.

1. Smirnoff. Created by a Russian serf named Pytor Smirnov, the world's best-selling vodka has been sold since 1864. In 1886, Smirnov penned an exclusive contract to supply vodka to the Tsar of Russia.

Vodka might be Russia's most popular cultural export. It's where the spirit is believed by many to have originated, and is certainly most associated with that country today; the word itself is a diminutive of “water” in Russian.

Vodka is native to Russia, even though there are lots of countries on Earth that make vodka, so it should come as no surprise that Russia consumes more vodka than any other country on Earth.