That's realistic if you are there as a tourist who wants the premium experience on everything.
Staying in hotels and eating out daily, we didn't spend 7k when extrapolating our two weeks to a month. Heck, it's still below 7k if you include all one-time purchases like the way there and back, clothing, new expensive hiking boots, etc. I've got a problem with most waterproof fabrics so I didn't have a raincoat, but reading about Iceland, I figured it's worth finding one that works for me, so that's another purchase I count towards my Iceland expenses. All in all still below 7k after extrapolation. (Edit: oh and I forgot that this is for 2 persons. You can't divide by two of course, but some correction factor should be applied.)
I fully agree with anyone saying Iceland is expensive, but if you stay in an actual apartment instead of hotels, don't do a number of guided tours every month, don't rent a vehicle for the whole time you're there (and drive around, though fuel was a surprisingly small part of the final expenses), you'll definitely not need 7k per month.
Staying in hotels and eating out daily, we didn't spend 7k when extrapolating our two weeks to a month. Heck, it's still below 7k if you include all one-time purchases like the way there and back, clothing, new expensive hiking boots, etc. I've got a problem with most waterproof fabrics so I didn't have a raincoat, but reading about Iceland, I figured it's worth finding one that works for me, so that's another purchase I count towards my Iceland expenses. All in all still below 7k after extrapolation. (Edit: oh and I forgot that this is for 2 persons. You can't divide by two of course, but some correction factor should be applied.)
I fully agree with anyone saying Iceland is expensive, but if you stay in an actual apartment instead of hotels, don't do a number of guided tours every month, don't rent a vehicle for the whole time you're there (and drive around, though fuel was a surprisingly small part of the final expenses), you'll definitely not need 7k per month.