residents of the East Coast, Reykjavik can be a shorter flight than going to California, and you'll get hot springs, unique food (fermented shark anyone?), interesting culture and live volcanoes. "Interstellar" even filmed some scenes there.
One thing you will quickly learn when visiting Iceland, it is one expensive country. Don’t let the high cost of Iceland stop you from a visit though, it is more than possible to explore Iceland and the city of Reykjavik on a budget!