Iceland is fairly pricey—which is understandable when you consider how far many of its resources have to travel. Food prices are high and can be a substantial part of your budget.

Housing, even in Reykjavík, is not bank-breaking expensive (though by no means cheap!), a room downtown will put you back roughly $420 to $590 monthly. Unfortunately, the chance of getting a paid internship in Iceland is slim. Even food or housing stipends can be seen as a form of “payment”, so be sure to clarify what your internship includes or offers.

Transportation can be a little unreliable as during winter months, with many roads closed, and while they have buses and ferries, the country is without any form of rail system. However, one of the upsides to having only one circular highway circumnavigating the island, is the fact that travelers move via hitchhiking and it is considered fairly safe for males and females alike. For longer distances small planes make frequent trips, but be prepared to shell out more money for this mode of transit.