Cost of Living Comparison Between Keflavik and Tbilisi Cost of Living Comparison Between Keflavik and Tbilisi

Monthly Cost of Living

Monthly costs for one person with rent: $2,853 in Keflavik versus $1,191 in Tbilisi.

Estimated couple costs with rent: $4,401 in Keflavik versus $1,856 in Tbilisi.

Monthly costs for a family of three with rent: $5,949 in Keflavik versus $2,522 in Tbilisi.

Living in Keflavik is roughly 140% more expensive than in Tbilisi, driven mainly by Groceries & Markets.

The two cities straddle the global median: Keflavik is 114% above, Tbilisi is 11% below.

Meal at Budget Restaurant

$23.97 ISK 2,962

$10.91 ₾28.56

119.71%

Three-Course Dinner for Two, Mid-Range

$143 ISK 17.7K

$43.19 ₾113

231.10%

Fast Food Meal (McDonalds, etc)

$20.29 ISK 2,508

$8.53 ₾22.31

137.87%

Cappuccino

$3.95 ISK 488

$2.99 ₾7.81

32.11%

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

$3.18 ISK 393

$0.81 ₾2.12

292.59%

Water (0.33 liter bottle)

$2.52 ISK 312

$0.42 ₾1.09

500.00%

Local Beer (0.5 liter draught)

$7.95 ISK 983

$2.16 ₾5.65

268.06%

Imported Beer (0.33 liter bottle)

$8.18 ISK 1,011

$2.88 ₾7.52

184.03%

Milk (1 liter)

$1.87 ISK 231

$1.94 ₾5.08

-3.61%

White Bread (500g)

$4.18 ISK 517

$0.68 ₾1.77

514.71%

Rice (white) (1kg)

$2.37 ISK 293

$1.85 ₾4.83

28.11%

Eggs

$6.43 ISK 795

$2.53 ₾6.62

154.15%

Local Cheese (1kg)

$18.22 ISK 2,252

$7.53 ₾19.69

141.97%

Chicken Fillets (1kg)

$24.11 ISK 2,980

$6.26 ₾16.39

285.14%

Beef Round Steak (1kg)

$42.82 ISK 5,292

$9.59 ₾25.09

346.51%

Apples (1kg)

$2.35 ISK 291

$1.16 ₾3.04

102.59%

Banana (1kg)

$2.44 ISK 302

$1.64 ₾4.29

48.78%

Oranges (1kg)

$2.36 ISK 291

$1.88 ₾4.93

25.53%

Tomato (1kg)

$4.00 ISK 494

$2.23 ₾5.84

79.37%

Potato (1kg)

$3.06 ISK 378

$0.70 ₾1.83

337.14%

Onion (1kg)

$2.01 ISK 249

$0.64 ₾1.68

214.06%

Lettuce (1 head)

$3.17 ISK 392

$1.18 ₾3.09

168.64%

Water (1.5 liter bottle)

$1.93 ISK 239

$0.70 ₾1.83

175.71%

Cigarettes 20 Pack (Marlboro, Camel)

$13.80 ISK 1,706

$2.97 ₾7.78

364.65%

Wine (Bottle)

$15.90 ISK 1,965

$7.43 ₾19.45

114.00%

Local Beer (0.5 liter bottle)

$3.74 ISK 462

$1.54 ₾4.03

142.86%

Imported Beer (0.33 liter bottle)

$2.82 ISK 349

$2.28 ₾5.98

23.68%

One-way Ticket (Public Transport)

$3.67 ISK 454

$0.36 ₾0.93

919.44%

Public Transport Monthly Pass (Regular Price)

$74.3 ISK 9,183

$14.73 ₾38.54

404.41%

Taxi Start (Normal Tariff)

$6.37 ISK 787

$1.42 ₾3.71

348.59%

Taxi (Normal Tariff) (1km)

$2.26 ISK 279

$0.69 ₾1.81

227.54%

Taxi 1hour Waiting (Normal Tariff)

$86.4 ISK 10.7K

$7.27 ₾19.02

1088.03%

Gasoline (1 liter)

$2.43 ISK 300

$1.09 ₾2.86

122.94%

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

$47.5K ISK 5.9M

$18.3K ₾47.9K

159.31%

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

$52.0K ISK 6.4M

$20.5K ₾53.6K

153.86%

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

$86.6 ISK 10.7K

$74.4 ₾195

16.41%

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

$27.84 ISK 3,441

$11.71 ₾30.63

137.75%

Internet (50+ Mbps, Unlimited Data)

$86.2 ISK 10.7K

$17.60 ₾46.06

389.83%

Gym Membership (Monthly)

$60.3 ₾158

Tennis Court (1 Hour on Weekend)

$16.29 ₾42.63

Cinema Ticket

$17.61 ISK 2,177

$6.51 ₾17.03

170.51%

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

$318 ISK 39.3K

$269 ₾704

18.17%

International Primary School, 1 Child (Yearly)

$29.7K ISK 3.7M

$5,154 ₾13.5K

476.69%

Jeans (Levis 501 Or Similar)

$141 ISK 17.4K

$77.1 ₾202

83.01%

Summer Dress (H&M, Zara, etc)

$62.8 ISK 7,766

$43.48 ₾114

44.50%

Sport Shoes (Adidas, Nike)

$180 ISK 22.3K

$118 ₾310

52.14%

Men's Leather Business Shoes

$188 ISK 23.2K

$113 ₾295

66.52%

1-bedroom Apartment, City Center (Monthly)

$1,829 ISK 226.0K

$709 ₾1,856

157.83%

1-bedroom Apartment, Outside City Center (Monthly)

$1,350 ISK 166.8K

$465 ₾1,215

190.53%

3-bedroom Apartment, City Center (Monthly)

$2,442 ISK 301.8K

$1,316 ₾3,442

85.60%

3-bedroom Apartment, Outside City Center (Monthly)

$2,007 ISK 248.1K

$767 ₾2,007

161.71%

Buy Apartment in City Center (m2)

$2,492 ₾6,522

Buy Apartment Outside City Center (m2)

$1,442 ₾3,773

Average Monthly Net Salary (After Tax)

$3,712 ISK 458.9K

$663 ₾1,735

460.03%

20-Year Fixed Mortgage Interest Rate (Annual %)

9.63

11.89

-19.01%

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

Last update for Keflavik: July 26, 2026

Last update for Tbilisi: July 25, 2026

Cost Breakdown

A one-bedroom apartment in the center runs $1,829 in Keflavik and $709 in Tbilisi. Housing cost is often the main lever when comparing two cities.

Keflavik pays 460% more on average. The extra income cushions the higher costs, though housing choices and lifestyle decide how much of the gap is truly closed.

Dining out: $143 in Keflavik vs $43.00 in Tbilisi for a mid-range dinner for two. Groceries echo the gap at $560 vs $204 per month, with Tbilisi cheaper across the board.

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

Keflavik vs Tbilisi: Cost of Living - Frequently Asked Questions

Tbilisi wins on cost – living expenses run 140% lower than in Keflavik. Housing and daily spending are where you'll feel the difference most, making Tbilisi the obvious pick if budget is a priority.

Average pay runs 460% higher in Keflavik, 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: $1,829 in Keflavik versus $709 in Tbilisi. Housing is usually the single largest factor when comparing overall living costs between the two.

A monthly transit pass in Tbilisi runs roughly 404% less than in Keflavik. Both cities have functional networks, but the price difference matters if you're watching your budget.

Childcare runs $318 in Keflavik versus $269 in Tbilisi. Over years of preschool, even a modest monthly gap compounds into a major financial factor for families.

At $1,191 in Tbilisi versus $2,853 in Keflavik, a $2,000 budget is realistic in Tbilisi but tight or insufficient in Keflavik. The gap between the two cities makes Tbilisi the clear choice for anyone on this budget.

Both work as nomad bases, but Tbilisi delivers better value – similar infrastructure at $1,191 monthly. If stretching your runway or maximizing savings is the goal, the price difference makes Tbilisi hard to pass up.

Safety-wise, Keflavik and Tbilisi are on par. Petty crime is typical for cities this size, and most residents feel comfortable going about their daily routines in either place.

Expats usually find Tbilisi gentler on the wallet – expenses run 140% less than in Keflavik. Beyond cost, consider language, visa policies, and how big the international community is in each city.