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: $2,873 in Keflavik versus $1,185 in Tbilisi.

Estimated couple costs with rent: $4,433 in Keflavik versus $1,834 in Tbilisi.

Monthly costs for a family of three with rent: $5,992 in Keflavik versus $2,483 in Tbilisi.

Living in Keflavik is roughly 143% more expensive than Tbilisi, driven mainly by Groceries & Markets.

The two cities straddle the global median: Keflavik is 115% above, Tbilisi is 12% below.

Meal at Budget Restaurant

$23.97 ISK 2,936

$11.15 ₾30.00

114.98%

Three-Course Dinner for Two, Mid-Range

$147 ISK 18.0K

$43.13 ₾116

241.02%

Fast Food Meal (McDonalds, etc)

$19.75 ISK 2,419

$8.22 ₾22.11

140.27%

Cappuccino

$4.11 ISK 504

$3.13 ₾8.42

31.31%

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

$3.12 ISK 382

$0.74 ₾2.00

321.62%

Water (0.33 liter bottle)

$2.50 ISK 307

$0.45 ₾1.22

455.56%

Local Beer (0.5 liter draught)

$8.16 ISK 999

$2.13 ₾5.74

283.10%

Imported Beer (0.33 liter bottle)

$8.16 ISK 999

$2.99 ₾8.06

172.91%

Milk (1 liter)

$1.96 ISK 240

$1.89 ₾5.09

3.70%

White Bread (500g)

$4.14 ISK 508

$0.73 ₾1.97

467.12%

Rice (white) (1kg)

$2.48 ISK 303

$1.85 ₾4.98

34.05%

Eggs

$6.35 ISK 778

$2.45 ₾6.58

159.18%

Local Cheese (1kg)

$18.44 ISK 2,259

$7.85 ₾21.12

134.90%

Chicken Fillets (1kg)

$23.91 ISK 2,929

$6.25 ₾16.82

282.56%

Beef Round Steak (1kg)

$42.20 ISK 5,168

$9.77 ₾26.28

331.93%

Apples (1kg)

$2.35 ISK 287

$1.21 ₾3.26

94.21%

Banana (1kg)

$2.48 ISK 304

$1.59 ₾4.28

55.97%

Oranges (1kg)

$2.43 ISK 298

$1.79 ₾4.81

35.75%

Tomato (1kg)

$3.95 ISK 483

$2.32 ₾6.25

70.26%

Potato (1kg)

$3.21 ISK 393

$0.71 ₾1.91

352.11%

Onion (1kg)

$2.03 ISK 248

$0.67 ₾1.81

202.99%

Lettuce (1 head)

$3.08 ISK 377

$1.18 ₾3.16

161.02%

Water (1.5 liter bottle)

$1.94 ISK 238

$0.71 ₾1.92

173.24%

Cigarettes 20 Pack (Marlboro, Camel)

$13.45 ISK 1,647

$2.92 ₾7.85

360.62%

Wine (Bottle)

$16.12 ISK 1,974

$7.25 ₾19.50

122.34%

Local Beer (0.5 liter bottle)

$3.71 ISK 454

$1.55 ₾4.17

139.35%

Imported Beer (0.33 liter bottle)

$2.80 ISK 343

$2.31 ₾6.21

21.21%

One-way Ticket (Public Transport)

$3.52 ISK 432

$0.38 ₾1.03

826.32%

Public Transport Monthly Pass (Regular Price)

$74.8 ISK 9,166

$14.81 ₾39.83

405.33%

Taxi Start (Normal Tariff)

$6.24 ISK 765

$1.48 ₾3.98

321.62%

Taxi (Normal Tariff) (1km)

$2.30 ISK 281

$0.69 ₾1.86

233.33%

Taxi 1hour Waiting (Normal Tariff)

$85.2 ISK 10.4K

$7.45 ₾20.05

1043.76%

Gasoline (1 liter)

$2.56 ISK 313

$1.15 ₾3.10

122.61%

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

$47.2K ISK 5.8M

$18.0K ₾48.4K

162.13%

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

$52.6K ISK 6.4M

$19.8K ₾53.4K

164.99%

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

$87.5 ISK 10.7K

$73.4 ₾198

19.20%

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

$27.94 ISK 3,422

$11.64 ₾31.32

140.03%

Internet (50+ Mbps, Unlimited Data)

$86.2 ISK 10.6K

$17.77 ₾47.79

384.92%

Gym Membership (Monthly)

$60.6 ₾163

Tennis Court (1 Hour on Weekend)

$16.44 ₾44.21

Cinema Ticket

$17.88 ISK 2,190

$6.51 ₾17.52

174.65%

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

$319 ISK 39.1K

$263 ₾707

21.57%

International Primary School, 1 Child (Yearly)

$30.3K ISK 3.7M

$5,136 ₾13.8K

489.51%

Jeans (Levis 501 Or Similar)

$137 ISK 16.7K

$77.7 ₾209

75.68%

Summer Dress (H&M, Zara, etc)

$61.4 ISK 7,515

$44.39 ₾119

38.23%

Sport Shoes (Adidas, Nike)

$179 ISK 21.9K

$118 ₾317

51.73%

Men's Leather Business Shoes

$187 ISK 22.9K

$114 ₾307

63.57%

1-bedroom Apartment, City Center (Monthly)

$1,826 ISK 223.6K

$693 ₾1,865

163.44%

1-bedroom Apartment, Outside City Center (Monthly)

$1,331 ISK 163.1K

$462 ₾1,244

187.92%

3-bedroom Apartment, City Center (Monthly)

$2,481 ISK 303.9K

$1,337 ₾3,597

85.58%

3-bedroom Apartment, Outside City Center (Monthly)

$2,009 ISK 246.0K

$779 ₾2,096

157.85%

Buy Apartment in City Center (m2)

$2,530 ₾6,805

Buy Apartment Outside City Center (m2)

$1,430 ₾3,847

Average Monthly Net Salary (After Tax)

$3,701 ISK 453.3K

$633 ₾1,702

485.13%

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: April 26, 2026

Last update for Tbilisi: April 26, 2026

Cost Breakdown

A one-bedroom apartment in the center runs $1,826 in Keflavik and $693 in Tbilisi. Housing cost is often the main lever when comparing two cities.

Keflavik pays 485% 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: $147 in Keflavik vs $43.00 in Tbilisi for a mid-range dinner for two. Groceries echo the gap at $560 vs $206 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 143% 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.

Keflavik pays 485% more on average, 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: $1,826 in Keflavik versus $693 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 405% less than in Keflavik. Both cities have functional networks, but the price difference matters if you're watching your budget.

Childcare runs $319 in Keflavik versus $263 in Tbilisi. Over years of preschool, even a modest monthly gap compounds into a major financial factor for families.

At $1,185 in Tbilisi versus $2,873 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 $1,185 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 143% less than in Keflavik. Beyond cost, consider language, visa policies, and how big the international community is in each city.