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: $3,069 in Keflavik versus $1,247 in Tbilisi.

Estimated couple costs with rent: $4,595 in Keflavik versus $2,025 in Tbilisi.

Monthly costs for a family of three with rent: $6,122 in Keflavik versus $2,803 in Tbilisi.

Living in Keflavik is roughly 146% more expensive than in Tbilisi, driven mainly by Groceries & Markets.

The two cities straddle the global median: Keflavik is 124% above, Tbilisi is 9% below.

Meal at Budget Restaurant

$24.41 ISK 2,974

$11.33 ₾29.45

115.45%

Three-Course Dinner for Two, Mid-Range

$137 ISK 16.7K

$38.71 ₾101

253.94%

Fast Food Meal (McDonalds, etc)

$20.50 ISK 2,497

$9.52 ₾24.73

115.34%

Cappuccino

$4.01 ISK 489

$3.41 ₾8.85

17.60%

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

$3.22 ISK 392

$1.04 ₾2.71

209.62%

Water (0.33 liter bottle)

$3.35 ISK 408

$0.64 ₾1.66

423.44%

Local Beer (0.5 liter draught)

$8.49 ISK 1,035

$2.61 ₾6.79

225.29%

Imported Beer (0.33 liter bottle)

$8.34 ISK 1,016

$3.24 ₾8.43

157.41%

Milk (1 liter)

$2.02 ISK 246

$2.17 ₾5.65

-6.91%

White Bread (500g)

$4.32 ISK 526

$0.74 ₾1.92

483.78%

Rice (white) (1kg)

$2.40 ISK 292

$1.71 ₾4.45

40.35%

Eggs

$6.45 ISK 785

$2.83 ₾7.36

127.92%

Local Cheese (1kg)

$19.18 ISK 2,336

$9.22 ₾23.95

108.03%

Chicken Fillets (1kg)

$23.88 ISK 2,909

$6.76 ₾17.55

253.25%

Beef Round Steak (1kg)

$42.74 ISK 5,206

$12.77 ₾33.17

234.69%

Apples (1kg)

$2.44 ISK 297

$1.64 ₾4.26

48.78%

Banana (1kg)

$2.41 ISK 293

$1.77 ₾4.60

36.16%

Oranges (1kg)

$2.44 ISK 297

$1.87 ₾4.85

30.48%

Tomato (1kg)

$4.23 ISK 515

$2.44 ₾6.34

73.36%

Potato (1kg)

$3.18 ISK 387

$0.87 ₾2.25

265.52%

Onion (1kg)

$1.67 ISK 203

$0.65 ₾1.70

156.92%

Lettuce (1 head)

$3.84 ISK 468

$1.40 ₾3.64

174.29%

Water (1.5 liter bottle)

$1.84 ISK 224

$0.74 ₾1.93

148.65%

Cigarettes 20 Pack (Marlboro, Camel)

$14.27 ISK 1,738

$3.41 ₾8.86

318.48%

Wine (Bottle)

$16.28 ISK 1,983

$7.60 ₾19.75

114.21%

Local Beer (0.5 liter bottle)

$3.83 ISK 467

$1.70 ₾4.41

125.29%

Imported Beer (0.33 liter bottle)

$2.83 ISK 345

$2.38 ₾6.20

18.91%

One-way Ticket (Public Transport)

$3.60 ISK 439

$0.36 ₾0.94

900.00%

Public Transport Monthly Pass (Regular Price)

$77.8 ISK 9,470

$15.24 ₾39.60

410.17%

Taxi Start (Normal Tariff)

$6.53 ISK 796

$1.18 ₾3.07

453.39%

Taxi (Normal Tariff) (1km)

$2.71 ISK 330

$0.76 ₾1.97

256.58%

Taxi 1hour Waiting (Normal Tariff)

$75.5 ISK 9,196

$11.34 ₾29.47

565.78%

Gasoline (1 liter)

$1.92 ISK 234

$1.33 ₾3.46

44.36%

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

$51.7K ISK 6.3M

$24.7K ₾64.2K

109.07%

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

$54.7K ISK 6.7M

$22.0K ₾57.2K

148.23%

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

$87.5 ISK 10.7K

$88.9 ₾231

-1.55%

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

$33.19 ISK 4,043

$13.33 ₾34.63

148.99%

Internet (50+ Mbps, Unlimited Data)

$84.8 ISK 10.3K

$20.12 ₾52.3

321.62%

Gym Membership (Monthly)

$79.0 ISK 9,620

$68.7 ₾178

15.01%

Tennis Court (1 Hour on Weekend)

$18.09 ₾47.01

Cinema Ticket

$19.65 ISK 2,393

$6.72 ₾17.46

192.41%

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

$415 ISK 50.5K

$374 ₾971

10.98%

International Primary School, 1 Child (Yearly)

$30.8K ISK 3.8M

$10.7K ₾27.8K

188.36%

Jeans (Levis 501 Or Similar)

$158 ISK 19.3K

$101 ₾263

56.60%

Summer Dress (H&M, Zara, etc)

$66.0 ISK 8,042

$39.33 ₾102

67.89%

Sport Shoes (Adidas, Nike)

$177 ISK 21.5K

$118 ₾305

50.24%

Men's Leather Business Shoes

$191 ISK 23.2K

$122 ₾318

56.03%

1-bedroom Apartment, City Center (Monthly)

$1,875 ISK 228.3K

$682 ₾1,773

174.78%

1-bedroom Apartment, Outside City Center (Monthly)

$1,340 ISK 163.2K

$456 ₾1,186

193.48%

3-bedroom Apartment, City Center (Monthly)

$2,501 ISK 304.7K

$1,303 ₾3,385

92.03%

3-bedroom Apartment, Outside City Center (Monthly)

$2,096 ISK 255.3K

$899 ₾2,337

133.04%

Buy Apartment in City Center (m2)

$2,449 ₾6,365

Buy Apartment Outside City Center (m2)

$1,452 ₾3,774

Average Monthly Net Salary (After Tax)

$3,786 ISK 461.1K

$652 ₾1,695

480.39%

20-Year Fixed Mortgage Interest Rate (Annual %)

8.88

12.62

-29.64%

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

Last update for Keflavik: September 14, 2026

Last update for Tbilisi: September 13, 2026

Cost Breakdown

A one-bedroom apartment in the center runs $1,875 in Keflavik and $682 in Tbilisi. Housing cost is often the main lever when comparing two cities.

Keflavik pays 480% 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: $137 in Keflavik vs $39.00 in Tbilisi for a mid-range dinner for two. Groceries echo the gap at $569 vs $232 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 146% 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 480% 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: $1,875 in Keflavik versus $682 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 410% less than in Keflavik. Both cities have functional networks, but the price difference matters if you're watching your budget.

Childcare runs $415 in Keflavik versus $374 in Tbilisi. Over years of preschool, even a modest monthly gap compounds into a major financial factor for families.

At $1,247 in Tbilisi versus $3,069 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 $1,247 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 146% less than in Keflavik. Beyond cost, consider language, visa policies, and how big the international community is in each city.