Lake Mývatn – Iceland

#europeonbudget Lake Mývatn in northern Iceland is a wonderland of volcanic landscapes, geothermal activity, and unique birdlife. Despite Iceland’s reputation for being expensive, budget-conscious travelers can enjoy Mývatn by exploring its free natural sights. Lava formations, pseudocraters, and bubbling mud pools make hikes around the lake unforgettable. Wild camping (where permitted) and small guesthouses help keep accommodation costs down. You don’t need to pay for guided tours here—the natural wonders are right at your feet. Lake Mývatn proves that with careful planning, even in Iceland you can experience extraordinary landscapes while keeping your expenses under control.