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

Monthly Cost of Living

A single person spends $3,883 per month in Reykjavik vs $1,209 in Tbilisi, rent included.

A couple spends around $5,535 per month in Reykjavik vs $1,867 in Tbilisi, rent included.

A family of three spends $7,188 per month in Reykjavik vs $2,526 in Tbilisi, rent included.

Reykjavik costs about 221% 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

$27.17 ISK 3,346

$10.80 ₾28.70

151.57%

Three-Course Dinner for Two, Mid-Range

$144 ISK 17.7K

$43.18 ₾115

232.40%

Fast Food Meal (McDonalds, etc)

$22.42 ISK 2,761

$8.29 ₾22.03

170.45%

Cappuccino

$6.19 ISK 763

$3.00 ₾7.96

106.33%

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

$3.28 ISK 405

$0.82 ₾2.17

300.00%

Water (0.33 liter bottle)

$2.53 ISK 311

$0.46 ₾1.21

450.00%

Local Beer (0.5 liter draught)

$13.11 ISK 1,615

$2.23 ₾5.93

487.89%

Imported Beer (0.33 liter bottle)

$11.43 ISK 1,408

$2.92 ₾7.75

291.44%

Milk (1 liter)

$1.94 ISK 239

$1.93 ₾5.11

0.52%

White Bread (500g)

$4.29 ISK 528

$0.68 ₾1.81

530.88%

Rice (white) (1kg)

$3.72 ISK 458

$1.88 ₾4.99

97.87%

Eggs

$6.53 ISK 804

$2.54 ₾6.73

157.09%

Local Cheese (1kg)

$17.88 ISK 2,202

$7.42 ₾19.70

140.97%

Chicken Fillets (1kg)

$24.10 ISK 2,968

$6.19 ₾16.43

289.34%

Beef Round Steak (1kg)

$42.88 ISK 5,281

$9.36 ₾24.86

358.12%

Apples (1kg)

$3.35 ISK 412

$1.22 ₾3.25

174.59%

Banana (1kg)

$2.51 ISK 309

$1.66 ₾4.40

51.20%

Oranges (1kg)

$3.13 ISK 385

$1.80 ₾4.78

73.89%

Tomato (1kg)

$4.89 ISK 602

$2.24 ₾5.96

118.30%

Potato (1kg)

$3.71 ISK 457

$0.71 ₾1.89

422.54%

Onion (1kg)

$2.32 ISK 285

$0.67 ₾1.79

246.27%

Lettuce (1 head)

$3.07 ISK 378

$1.18 ₾3.13

160.17%

Water (1.5 liter bottle)

$1.99 ISK 246

$0.66 ₾1.76

201.52%

Cigarettes 20 Pack (Marlboro, Camel)

$13.85 ISK 1,705

$2.98 ₾7.91

364.77%

Wine (Bottle)

$23.47 ISK 2,891

$7.61 ₾20.21

208.41%

Local Beer (0.5 liter bottle)

$3.62 ISK 446

$1.54 ₾4.08

135.06%

Imported Beer (0.33 liter bottle)

$3.38 ISK 416

$2.25 ₾5.98

50.22%

One-way Ticket (Public Transport)

$5.10 ISK 628

$0.36 ₾0.95

1316.67%

Public Transport Monthly Pass (Regular Price)

$85.4 ISK 10.5K

$14.44 ₾38.36

491.14%

Taxi Start (Normal Tariff)

$6.28 ISK 773

$1.49 ₾3.96

321.48%

Taxi (Normal Tariff) (1km)

$2.57 ISK 317

$0.68 ₾1.82

277.94%

Taxi 1hour Waiting (Normal Tariff)

$85.8 ISK 10.6K

$7.23 ₾19.19

1086.31%

Gasoline (1 liter)

$2.52 ISK 310

$1.14 ₾3.04

121.05%

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

$47.2K ISK 5.8M

$18.5K ₾49.0K

155.57%

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

$51.8K ISK 6.4M

$20.0K ₾53.0K

159.51%

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

$86.9 ISK 10.7K

$73.7 ₾196

17.87%

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

$26.94 ISK 3,317

$11.64 ₾30.91

131.44%

Internet (50+ Mbps, Unlimited Data)

$85.9 ISK 10.6K

$17.84 ₾47.39

381.61%

Gym Membership (Monthly)

$83.4 ISK 10.3K

$60.1 ₾160

38.73%

Tennis Court (1 Hour on Weekend)

$37.54 ISK 4,623

$16.80 ₾44.63

123.45%

Cinema Ticket

$17.53 ISK 2,159

$6.60 ₾17.54

165.61%

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

$321 ISK 39.5K

$266 ₾708

20.39%

International Primary School, 1 Child (Yearly)

$30.2K ISK 3.7M

$5,191 ₾13.8K

481.00%

Jeans (Levis 501 Or Similar)

$140 ISK 17.2K

$77.7 ₾206

80.00%

Summer Dress (H&M, Zara, etc)

$60.6 ISK 7,456

$44.75 ₾119

35.31%

Sport Shoes (Adidas, Nike)

$181 ISK 22.3K

$117 ₾310

54.82%

Men's Leather Business Shoes

$263 ISK 32.4K

$113 ₾300

133.31%

1-bedroom Apartment, City Center (Monthly)

$2,175 ISK 267.8K

$693 ₾1,839

214.04%

1-bedroom Apartment, Outside City Center (Monthly)

$2,023 ISK 249.2K

$462 ₾1,226

338.23%

3-bedroom Apartment, City Center (Monthly)

$3,139 ISK 386.6K

$1,320 ₾3,505

137.91%

3-bedroom Apartment, Outside City Center (Monthly)

$2,738 ISK 337.1K

$774 ₾2,056

253.61%

Buy Apartment in City Center (m2)

$8,022 ISK 987.9K

$2,430 ₾6,455

230.05%

Buy Apartment Outside City Center (m2)

$6,223 ISK 766.3K

$1,446 ₾3,840

330.36%

Average Monthly Net Salary (After Tax)

$4,441 ISK 546.9K

$673 ₾1,787

560.07%

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: May 30, 2026

Last update for Tbilisi: May 31, 2026

Cost Breakdown

A central one-bedroom costs $2,175 in Reykjavik versus $693 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 560% 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 $144 in Reykjavik versus $43.00 in Tbilisi. Monthly groceries follow the same trend: $599 vs $203 – 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 221% 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 $5,824 per month in Reykjavik and $1,813 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 $3,883 in Reykjavik and $1,209 in Tbilisi. The difference isn't just one category – it shows up across housing, food, transport, and services.

Public transport costs about 491% 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 $1,209, than in Reykjavik at $3,883. 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 $1,209 versus $3,883 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.