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How to Save and Splurge in Reykjavik

From Lopapeysa sweaters to a Game of Thrones-approved dinner, here’s how to balance your budget in the city.


Matur Og Drykkur

Matur Og Drykkur

Matur Og Drykkur ($$$)
Dine like a modern Viking at this res-taurant set in a former fish factory: Featured in the Michelin Guide, it’s a favourite of the Game of Thrones cast and crew for its up-dates on the country’s traditional dishes. Go all out with the multi-course menu, which might include halibut soup and cod’s head, before a dessert of skyr with oats and blue-berry granita.


Reykjavik Roasters ($)
Coffee buffs flock to this roaster and café’s two locations for their morning espresso or afternoon pour-over-style coffee. Fuel up with a creamy oat milk latte – a Scandinavian favourite – and a chia porridge, and grab a bag of in-house roasted beans or a cotton tote, with illustrations of different brewing devices, to bring home.

Thermal Waters



Sóley Natura Spa ($$$)
Banish jet lag with a treatment at actress-turned-organic beauty guru Sóley Elíasdóttir’s spa inside the Reykjavik Natura hotel. Try the Sóley Deluxe Facial, which incorporates Icelandic ingredients like bearberry and volcanic clay from Eyjafjallajökull, then relax in the hot tub and geothermal pool.


Vesturbæjarlaug ($)
Skip the pricey and tourist-filled Blue Lagoon and soak with the locals at this popular outdoor thermal pool. It may be no-frills, but with multiple swim lanes plus four hot tubs, a steam bath and a sauna, it’s every bit as healing. It’s open until 10 p.m., which means you can swim until the sun sets (this month, at least).


Hildur Yeoman

Hildur Yeoman (photo: Saga Sig)

Hildur Yeoman ($$$)
Stroll down Skólavörðustígur – the city’s chicest shopping street – to Icelandic designer Hildur Yeoman’s boutique, where she showcases her glitzy dresses and bold print tops. Fellow homegrown labels Kalda (statement shoes) and Eyland (surrealist jewellery) are also available, so you can get outfitted like a local in one stop.


Handknitting Association of Iceland ($)
A few doors down, you’ll feel like you walked into a giant sweater when you enter this cozy shop and see the shelves piled high with locally made wool goods. Knitting aficionados can stock up on raw Icelandic yarn, while the less craft-inclined can go straight for a puffin-printed kidka blanket or iconic Lopapeysa sweater.