Cost of Living Comparison Between Reykjavik and Tbilisi Cost of Living Comparison Between Reykjavik and Tbilisi

Monthly Cost of Living

A single person spends $3,869 per month in Reykjavik vs $1,197 in Tbilisi, rent included.

A couple spends around $5,475 per month in Reykjavik vs $1,868 in Tbilisi, rent included.

A family of three spends $7,081 per month in Reykjavik vs $2,538 in Tbilisi, rent included.

Reykjavik costs about 223% more than Tbilisi, driven mainly by Groceries & Markets.

Reykjavik sits 190% above the global median, while Tbilisi is 10% below – they fall on opposite sides of the world average.

Meal at Budget Restaurant

$27.43 ISK 3,418

$10.82 ₾28.39

153.51%

Three-Course Dinner for Two, Mid-Range

$142 ISK 17.7K

$43.85 ₾115

224.20%

Fast Food Meal (McDonalds, etc)

$22.54 ISK 2,809

$8.31 ₾21.80

171.24%

Cappuccino

$6.05 ISK 754

$2.97 ₾7.78

103.70%

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

$3.22 ISK 402

$0.77 ₾2.01

318.18%

Water (0.33 liter bottle)

$2.52 ISK 314

$0.46 ₾1.20

447.83%

Local Beer (0.5 liter draught)

$12.93 ISK 1,611

$2.14 ₾5.63

504.21%

Imported Beer (0.33 liter bottle)

$11.39 ISK 1,420

$2.87 ₾7.52

296.86%

Milk (1 liter)

$1.89 ISK 235

$1.90 ₾4.99

-0.53%

White Bread (500g)

$4.19 ISK 522

$0.71 ₾1.86

490.14%

Rice (white) (1kg)

$3.54 ISK 441

$1.91 ₾5.00

85.34%

Eggs

$6.31 ISK 786

$2.48 ₾6.52

154.44%

Local Cheese (1kg)

$18.00 ISK 2,243

$7.74 ₾20.29

132.56%

Chicken Fillets (1kg)

$24.46 ISK 3,048

$6.18 ₾16.21

295.79%

Beef Round Steak (1kg)

$41.94 ISK 5,226

$9.57 ₾25.12

338.24%

Apples (1kg)

$3.33 ISK 415

$1.17 ₾3.06

184.62%

Banana (1kg)

$2.40 ISK 300

$1.65 ₾4.34

45.45%

Oranges (1kg)

$3.03 ISK 377

$1.85 ₾4.84

63.78%

Tomato (1kg)

$5.13 ISK 639

$2.33 ₾6.11

120.17%

Potato (1kg)

$3.66 ISK 455

$0.71 ₾1.85

415.49%

Onion (1kg)

$2.42 ISK 302

$0.67 ₾1.76

261.19%

Lettuce (1 head)

$3.17 ISK 394

$1.19 ₾3.12

166.39%

Water (1.5 liter bottle)

$1.93 ISK 241

$0.66 ₾1.72

192.42%

Cigarettes 20 Pack (Marlboro, Camel)

$13.76 ISK 1,714

$2.92 ₾7.65

371.23%

Wine (Bottle)

$22.67 ISK 2,825

$7.69 ₾20.18

194.80%

Local Beer (0.5 liter bottle)

$3.75 ISK 467

$1.59 ₾4.18

135.85%

Imported Beer (0.33 liter bottle)

$3.26 ISK 406

$2.31 ₾6.06

41.13%

One-way Ticket (Public Transport)

$5.30 ISK 661

$0.38 ₾1.01

1294.74%

Public Transport Monthly Pass (Regular Price)

$88.2 ISK 11.0K

$14.76 ₾38.72

497.70%

Taxi Start (Normal Tariff)

$6.51 ISK 811

$1.50 ₾3.92

334.00%

Taxi (Normal Tariff) (1km)

$2.57 ISK 321

$0.68 ₾1.77

277.94%

Taxi 1hour Waiting (Normal Tariff)

$86.4 ISK 10.8K

$7.26 ₾19.04

1090.36%

Gasoline (1 liter)

$2.52 ISK 314

$1.09 ₾2.87

131.19%

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

$47.7K ISK 5.9M

$18.6K ₾48.8K

156.56%

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

$51.8K ISK 6.5M

$20.5K ₾53.7K

153.32%

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

$87.1 ISK 10.9K

$73.0 ₾192

19.32%

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

$27.13 ISK 3,380

$11.97 ₾31.41

126.65%

Internet (50+ Mbps, Unlimited Data)

$85.4 ISK 10.6K

$18.00 ₾47.22

374.44%

Gym Membership (Monthly)

$84.0 ISK 10.5K

$61.0 ₾160

37.80%

Tennis Court (1 Hour on Weekend)

$38.12 ISK 4,750

$16.52 ₾43.34

130.75%

Cinema Ticket

$17.35 ISK 2,162

$6.70 ₾17.58

158.96%

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

$319 ISK 39.8K

$269 ₾705

18.76%

International Primary School, 1 Child (Yearly)

$30.7K ISK 3.8M

$5,152 ₾13.5K

495.47%

Jeans (Levis 501 Or Similar)

$138 ISK 17.1K

$76.5 ₾201

79.72%

Summer Dress (H&M, Zara, etc)

$62.8 ISK 7,821

$43.41 ₾114

44.60%

Sport Shoes (Adidas, Nike)

$182 ISK 22.7K

$120 ₾316

51.18%

Men's Leather Business Shoes

$269 ISK 33.5K

$111 ₾290

143.37%

1-bedroom Apartment, City Center (Monthly)

$2,254 ISK 280.8K

$687 ₾1,803

227.95%

1-bedroom Apartment, Outside City Center (Monthly)

$2,008 ISK 250.2K

$470 ₾1,234

326.78%

3-bedroom Apartment, City Center (Monthly)

$3,231 ISK 402.6K

$1,353 ₾3,550

138.79%

3-bedroom Apartment, Outside City Center (Monthly)

$2,756 ISK 343.4K

$789 ₾2,069

249.45%

Buy Apartment in City Center (m2)

$7,955 ISK 991.2K

$2,468 ₾6,473

222.37%

Buy Apartment Outside City Center (m2)

$6,156 ISK 767.1K

$1,456 ₾3,818

322.95%

Average Monthly Net Salary (After Tax)

$4,438 ISK 553.0K

$659 ₾1,729

573.41%

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 Reykjavik: July 11, 2026

Last update for Tbilisi: July 13, 2026

Cost Breakdown

A central one-bedroom costs $2,254 in Reykjavik versus $687 in Tbilisi. Rent is usually the largest line item in a monthly budget, so the gap here sets the tone for the overall comparison.

Salaries run about 573% higher in Reykjavik, which partly offsets the higher cost of living there. Purchasing power depends on which expenses matter most to you.

A mid-range dinner for two costs $142 in Reykjavik versus $44.00 in Tbilisi. Monthly groceries follow the same trend: $593 vs $205 – making Tbilisi the more affordable choice for daily food spending.

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

Reykjavik vs Tbilisi: Cost of Living - Frequently Asked Questions

Reykjavik costs about 223% more than Tbilisi, with the gap driven mainly by Groceries & Markets. That's enough to noticeably affect everyday spending and lifestyle for anyone choosing between the two.

For a comfortable life, plan on about $5,803 per month in Reykjavik and $1,796 in Tbilisi. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

Rent is clearly cheaper in Tbilisi, especially for central apartments. Housing is actually the single biggest factor behind the overall cost gap between these two cities.

Monthly expenses with rent come to $3,869 in Reykjavik and $1,197 in Tbilisi. The difference isn't just one category – it shows up across housing, food, transport, and services.

Public transport costs about 498% less in Tbilisi. For daily commuters, that gap adds up to noticeable savings over a year.

A $2,000 monthly budget goes further in Tbilisi, where all-in costs run around $1,197, than in Reykjavik at $3,869. In Tbilisi it covers expenses comfortably, while in Reykjavik it requires careful planning or may not stretch far enough.

For digital nomads, it depends on budget. Tbilisi costs $1,197 versus $3,869 in Reykjavik. Both have workable remote work infrastructure, but the cost gap matters when income varies month to month.

Both have safer and rougher neighborhoods, but overall safety is comparable to other large cities. Neighborhood choice matters more than the city-level comparison – central, well-trafficked areas feel secure in both.

If budget matters most, go with Tbilisi. If higher salaries, better infrastructure, or specific career opportunities are the priority, Reykjavik makes more sense. Both are solid long-term options with distinct trade-offs.