Last update: Oct 2026

Cost of Living Comparison Between Akranes and Tbilisi

For one person, living is cheaper in Tbilisi: $1,269 a month against $3,713 in Akranes, rent and utilities included – about $29,300 less a year. Rent and utilities account for most of the difference.

179

Cost of Living Index in Akranes
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Akranes Living Index
61

Cost of Living Index in Tbilisi
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Tbilisi Living Index

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Akranes

🇮🇸 Iceland

$3,713

/mo nomad

Tbilisi

🇬🇪 Georgia

$1,269

/mo nomad

Monthly Cost of Living

How much you'll spend in Akranes and in Tbilisi

Real prices from locals and on-the-ground checks – rent, groceries, transit and the daily extras. Here's what a month in Akranes and in Tbilisi actually costs, broken down by who's living it.

Monthly costs for one person with rent: $3,713 in Akranes versus $1,269 in Tbilisi.

Akranes $3,713
Tbilisi $1,269

Estimated couple costs with rent: $5,859 in Akranes versus $2,016 in Tbilisi.

Akranes $5,859
Tbilisi $2,016

Monthly costs for a family of three with rent: $8,006 in Akranes versus $2,763 in Tbilisi.

Akranes $8,006
Tbilisi $2,763

Living in Akranes is roughly 192% more expensive than in Tbilisi, and outside of rent the biggest gap is in groceries.

The two cities straddle the global median: Akranes is 173% above, Tbilisi is 7% below.

Meal at Budget Restaurant

$31.70 ISK 3,862

$11.63 ₾30.07

172.57%

Three-Course Dinner for Two, Mid-Range

$123 ISK 15.0K

$37.83 ₾97.8

226.04%

Fast Food Meal (McDonalds, etc)

$26.72 ISK 3,255

$9.66 ₾24.98

176.60%

Cappuccino

$6.01 ISK 733

$3.57 ₾9.24

68.35%

Coke/Pepsi/Fanta/Sprite (0.33 liter bottle)

$3.19 ISK 389

$1.08 ₾2.78

195.37%

Water (0.33 liter bottle)

$2.51 ISK 306

$0.56 ₾1.45

348.21%

Local Beer (0.5 liter draught)

$10.69 ISK 1,302

$2.62 ₾6.78

308.02%

Imported Beer (0.33 liter bottle)

$8.10 ISK 987

$3.04 ₾7.85

166.45%

Milk (1 liter)

$2.10 ISK 255

$2.17 ₾5.60

-3.23%

White Bread (500g)

$2.04 ISK 248

$0.80 ₾2.06

155.00%

Rice (white) (1kg)

$3.71 ISK 452

$1.74 ₾4.51

113.22%

Eggs

$6.26 ISK 763

$2.83 ₾7.31

121.20%

Local Cheese (1kg)

$20.35 ISK 2,479

$9.31 ₾24.07

118.58%

Chicken Fillets (1kg)

$24.72 ISK 3,012

$6.52 ₾16.85

279.14%

Beef Round Steak (1kg)

$42.16 ISK 5,137

$12.95 ₾33.50

225.56%

Apples (1kg)

$3.30 ISK 402

$1.68 ₾4.34

96.43%

Banana (1kg)

$2.72 ISK 331

$1.85 ₾4.79

47.03%

Oranges (1kg)

$3.23 ISK 394

$1.97 ₾5.10

63.96%

Tomato (1kg)

$4.89 ISK 596

$2.42 ₾6.25

102.07%

Potato (1kg)

$3.82 ISK 465

$0.82 ₾2.11

365.85%

Onion (1kg)

$1.71 ISK 208

$0.74 ₾1.91

131.08%

Lettuce (1 head)

$3.65 ISK 445

$1.34 ₾3.47

172.39%

Water (1.5 liter bottle)

$1.81 ISK 221

$0.77 ₾2.00

135.06%

Cigarettes 20 Pack (Marlboro, Camel)

$13.90 ISK 1,693

$3.57 ₾9.24

289.36%

Wine (Bottle)

$23.57 ISK 2,872

$7.67 ₾19.83

207.30%

Local Beer (0.5 liter bottle)

$2.88 ISK 351

$1.70 ₾4.39

69.41%

Imported Beer (0.33 liter bottle)

$2.07 ISK 252

$2.40 ₾6.21

-13.75%

One-way Ticket (Public Transport)

$3.61 ISK 440

$0.40 ₾1.05

802.50%

Public Transport Monthly Pass (Regular Price)

$72.3 ISK 8,809

$15.23 ₾39.38

374.72%

Taxi Start (Normal Tariff)

$6.55 ISK 798

$1.14 ₾2.95

474.56%

Taxi (Normal Tariff) (1km)

$1.25 ISK 153

$0.78 ₾2.02

60.26%

Taxi 1hour Waiting (Normal Tariff)

$81.9 ISK 9,980

$11.83 ₾30.58

592.39%

Gasoline (1 liter)

$2.08 ISK 253

$1.45 ₾3.75

43.45%

Midsize Hatchback 1.4l (Volkswagen Golf, Toyota Prius, Honda Civic, etc)

$67.8K ISK 8.3M

$24.6K ₾63.6K

175.97%

Compact Sedan 1.6l (Toyota Corolla, Mazda3, Kia K4, Hyundai Elantra, etc)

$54.6K ISK 6.6M

$22.3K ₾57.8K

144.26%

Utilities for 2 People in 2-bedroom Apartment (Heating, Electricity, Gas, Water, Garbage) (85m2)

$96.4 ISK 11.7K

$88.8 ₾230

8.52%

SIM Card Monthly Plan (Calls and 10GB+ Data)

$33.29 ISK 4,056

$13.12 ₾33.93

153.73%

Internet (50+ Mbps, Unlimited Data)

$85.0 ISK 10.4K

$19.67 ₾50.9

332.33%

Gym Membership (Monthly)

$104 ISK 12.7K

$64.1 ₾166

62.64%

Tennis Court (1 Hour on Weekend)

$19.04 ₾49.24

Cinema Ticket

$19.29 ISK 2,351

$7.12 ₾18.42

170.93%

Preschool or Kindergarten, Full Day, Private, 1 Child (Monthly)

$1,205 ISK 146.8K

$375 ₾971

221.01%

International Primary School, 1 Child (Yearly)

$26.1K ISK 3.2M

$10.5K ₾27.1K

148.89%

Jeans (Levis 501 Or Similar)

$150 ISK 18.2K

$104 ₾268

44.39%

Summer Dress (H&M, Zara, etc)

$67.1 ISK 8,176

$39.26 ₾102

70.94%

Sport Shoes (Adidas, Nike)

$179 ISK 21.8K

$117 ₾303

52.62%

Men's Leather Business Shoes

$246 ISK 29.9K

$122 ₾315

101.91%

1-bedroom Apartment, City Center (Monthly)

$3,064 ISK 373.3K

$695 ₾1,798

340.68%

1-bedroom Apartment, Outside City Center (Monthly)

$1,889 ISK 230.2K

$451 ₾1,167

318.72%

3-bedroom Apartment, City Center (Monthly)

$5,013 ISK 610.8K

$1,355 ₾3,504

269.97%

3-bedroom Apartment, Outside City Center (Monthly)

$3,654 ISK 445.2K

$906 ₾2,343

303.31%

Buy Apartment in City Center (m2)

$2,295 ₾5,934

Buy Apartment Outside City Center (m2)

$1,345 ₾3,478

Average Monthly Net Salary (After Tax)

$5,704 ISK 695.0K

$664 ₾1,718

758.69%

20-Year Fixed Mortgage Interest Rate (Annual %)

8.81

12.62

-30.19%

CityCost data is based on AI and user input – minor inaccuracies may occur.

Last update for Akranes: October 27, 2026

Last update for Tbilisi: October 27, 2026

Monthly budget structure

Share of the monthly basket for one person, rent included.

Accommodation & Living

Akranes

$1.9K 50.9%

Tbilisi

$451 35.6% 76.1% $1.4K

Groceries & Markets

Akranes

$579 15.6%

Tbilisi

$234 18.4% 59.6% $345

Eating Out

Akranes

$498 13.4%

Tbilisi

$191 15% 61.8% $308

Clothing & Footwear

Akranes

$289 7.8%

Tbilisi

$172 13.5% 40.5% $117

Monthly Utilities & Internet

Akranes

$215 5.8%

Tbilisi

$122 9.6% 43.4% $93

Sport & Entertainment

Akranes

$143 3.9%

Tbilisi

$78 6.2% 45.2% $64

Getting Around

Akranes

$100 2.7%

Tbilisi

$22 1.7% 78% $78

Cost Breakdown

A one-bedroom apartment in the center runs $3,064 in Akranes and $695 in Tbilisi. Housing cost is often the main lever when comparing two cities.

Akranes pays about 8.6 times more on average. How far that income stretches comes down to housing choices and lifestyle.

Dining out: $123 in Akranes vs $38 in Tbilisi for a mid-range dinner for two. Groceries echo the gap at $579 vs $234 per month, with Tbilisi cheaper across the board.

Good to know

🇮🇸 Akranes

🇬🇪 Tbilisi

🕒 Local time

23:45 11:45 PM

03:45 3:45 AM

4 h ahead of Akranes

🌤 Weather

👥 Population

7,800

1,241,700 Capital

💱 Currency

Icelandic Króna ISK kr

Georgian Lari GEL ₾

📈 Exchange rate

1,000 ISK = 8.21 USD

1,000 ISK = 7.37 EUR

1 GEL = 0.387 USD

1 GEL = 0.347 EUR

Exchange rates and currency converter

GEL, USD, EUR to ISK – Icelandic Króna Converter

🇺🇸 United States Dollar ($)

🇮🇸 Icelandic Króna (kr)

Icelandic Króna exchange rates as of October 28, 2026: 1 USD = 122 ISK (1,000 ISK = 8.21 USD). 1 EUR = 136 ISK (1,000 ISK = 7.37 EUR).

Georgian Lari exchange rates as of October 28, 2026: 1 USD = 2.59 GEL (1 GEL = 0.387 USD). 1 EUR = 2.88 GEL (1 GEL = 0.347 EUR).

USD to ISK in detail →

On the map

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Between locations

Akranes Tbilisi 4,830 km ≈ 7 h nonstop flight

From you

Akranes
Tbilisi

Distances are measured in a straight line. Your location is detected approximately.

City Median Internet Speeds Comparison (Updated April 2026)

The chart highlights the Precision Threshold for mobile and fixed broadband internet speeds, updated quarterly.

Digital Nomad Cost of Living Index

Akranes vs Tbilisi: Cost of Living - Frequently Asked Questions

Tbilisi wins on cost – living expenses run 66% lower than in Akranes. Housing and daily spending are where you’ll feel the difference most, making Tbilisi the obvious pick if budget is a priority.

Average pay in Akranes is about 8.6 times higher, which matters when comparing affordability. Whether that higher income actually nets you more depends on your spending habits and housing choices.

Rent for a central apartment: $3,064 in Akranes versus $695 in Tbilisi. Housing is usually the single largest factor when comparing overall living costs between the two.

All in, you’ll spend $3,713 per month in Akranes versus $1,269 in Tbilisi – Tbilisi is about 66% cheaper, which adds up to real savings over time.

A monthly transit pass in Tbilisi runs roughly 79% less than in Akranes. The price difference matters if you commute daily and watch your budget.

At $1,269 in Tbilisi versus $3,713 in Akranes, a $2,000 budget is realistic in Tbilisi but tight or insufficient in Akranes. The gap between the two cities makes Tbilisi the clear choice for anyone on this budget.

Both cities offer a good standard of living with different trade-offs. Neither is objectively better – the right pick depends on what matters most: affordability, career, cultural scene, or climate.

Safety-wise, Akranes and Tbilisi are both considered safe, so it’s unlikely to be the deciding factor between them.

Expats usually find Tbilisi gentler on the wallet – expenses run 66% less than in Akranes. Beyond cost, consider language, visa policies, and how big the international community is in each city.