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

Monthly Cost of Living

A single person spends $4,048 per month in Reykjavik vs $1,286 in Tbilisi, rent included.

A couple spends around $5,736 per month in Reykjavik vs $2,044 in Tbilisi, rent included.

A family of three spends $7,424 per month in Reykjavik vs $2,802 in Tbilisi, rent included.

Reykjavik costs about 215% more than Tbilisi, driven mainly by Groceries & Markets.

Reykjavik sits 195% above the global median, while Tbilisi is 6% below – they fall on opposite sides of the world average.

Meal at Budget Restaurant

$30.26 ISK 3,667

$11.72 ₾30.64

158.19%

Three-Course Dinner for Two, Mid-Range

$135 ISK 16.4K

$37.88 ₾99.0

257.63%

Fast Food Meal (McDonalds, etc)

$26.29 ISK 3,186

$9.74 ₾25.48

169.92%

Cappuccino

$6.95 ISK 842

$3.41 ₾8.93

103.81%

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

$3.30 ISK 400

$1.06 ₾2.77

211.32%

Water (0.33 liter bottle)

$3.35 ISK 406

$0.65 ₾1.69

415.38%

Local Beer (0.5 liter draught)

$14.06 ISK 1,704

$2.70 ₾7.07

420.74%

Imported Beer (0.33 liter bottle)

$12.60 ISK 1,527

$3.10 ₾8.10

306.45%

Milk (1 liter)

$2.10 ISK 254

$2.20 ₾5.75

-4.55%

White Bread (500g)

$4.47 ISK 542

$0.81 ₾2.11

451.85%

Rice (white) (1kg)

$3.59 ISK 436

$1.64 ₾4.28

118.90%

Eggs

$7.13 ISK 865

$2.75 ₾7.20

159.27%

Local Cheese (1kg)

$21.34 ISK 2,586

$9.01 ₾23.56

136.85%

Chicken Fillets (1kg)

$24.37 ISK 2,953

$6.55 ₾17.13

272.06%

Beef Round Steak (1kg)

$42.10 ISK 5,102

$12.62 ₾33.00

233.60%

Apples (1kg)

$3.35 ISK 406

$1.67 ₾4.37

100.60%

Banana (1kg)

$2.82 ISK 341

$1.81 ₾4.74

55.80%

Oranges (1kg)

$3.21 ISK 389

$1.93 ₾5.04

66.32%

Tomato (1kg)

$6.24 ISK 756

$2.59 ₾6.77

140.93%

Potato (1kg)

$4.01 ISK 487

$0.87 ₾2.26

360.92%

Onion (1kg)

$1.70 ISK 206

$0.65 ₾1.69

161.54%

Lettuce (1 head)

$3.83 ISK 464

$1.39 ₾3.64

175.54%

Water (1.5 liter bottle)

$1.78 ISK 216

$0.80 ₾2.08

122.50%

Cigarettes 20 Pack (Marlboro, Camel)

$13.75 ISK 1,666

$3.36 ₾8.80

309.23%

Wine (Bottle)

$24.28 ISK 2,942

$7.54 ₾19.71

222.02%

Local Beer (0.5 liter bottle)

$3.79 ISK 460

$1.61 ₾4.22

135.40%

Imported Beer (0.33 liter bottle)

$3.45 ISK 418

$2.25 ₾5.87

53.33%

One-way Ticket (Public Transport)

$5.81 ISK 704

$0.37 ₾0.96

1470.27%

Public Transport Monthly Pass (Regular Price)

$92.7 ISK 11.2K

$15.11 ₾39.52

513.70%

Taxi Start (Normal Tariff)

$6.84 ISK 829

$1.17 ₾3.06

484.62%

Taxi (Normal Tariff) (1km)

$2.90 ISK 352

$0.80 ₾2.09

262.50%

Taxi 1hour Waiting (Normal Tariff)

$74.5 ISK 9,033

$11.33 ₾29.63

557.90%

Gasoline (1 liter)

$2.00 ISK 242

$1.33 ₾3.48

50.38%

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

$50.6K ISK 6.1M

$25.0K ₾65.3K

102.35%

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

$53.4K ISK 6.5M

$22.4K ₾58.5K

138.69%

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

$89.6 ISK 10.9K

$89.1 ₾233

0.53%

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

$33.11 ISK 4,013

$13.25 ₾34.64

149.89%

Internet (50+ Mbps, Unlimited Data)

$85.1 ISK 10.3K

$19.46 ₾50.9

337.51%

Gym Membership (Monthly)

$99.0 ISK 12.0K

$68.4 ₾179

44.67%

Tennis Court (1 Hour on Weekend)

$50.3 ISK 6,100

$18.68 ₾48.86

169.49%

Cinema Ticket

$19.43 ISK 2,354

$6.63 ₾17.35

193.06%

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

$1,173 ISK 142.1K

$363 ₾951

222.66%

International Primary School, 1 Child (Yearly)

$31.2K ISK 3.8M

$10.7K ₾27.9K

193.14%

Jeans (Levis 501 Or Similar)

$161 ISK 19.5K

$104 ₾271

55.46%

Summer Dress (H&M, Zara, etc)

$65.1 ISK 7,890

$38.84 ₾102

67.64%

Sport Shoes (Adidas, Nike)

$183 ISK 22.2K

$117 ₾305

57.06%

Men's Leather Business Shoes

$249 ISK 30.2K

$123 ₾321

102.99%

1-bedroom Apartment, City Center (Monthly)

$2,506 ISK 303.7K

$682 ₾1,785

267.18%

1-bedroom Apartment, Outside City Center (Monthly)

$2,092 ISK 253.5K

$447 ₾1,168

368.39%

3-bedroom Apartment, City Center (Monthly)

$3,408 ISK 413.0K

$1,284 ₾3,358

165.39%

3-bedroom Apartment, Outside City Center (Monthly)

$2,752 ISK 333.5K

$920 ₾2,406

199.19%

Buy Apartment in City Center (m2)

$7,972 ISK 966.1K

$2,487 ₾6,504

220.54%

Buy Apartment Outside City Center (m2)

$6,354 ISK 770.0K

$1,423 ₾3,721

346.52%

Average Monthly Net Salary (After Tax)

$4,606 ISK 558.1K

$646 ₾1,689

613.14%

20-Year Fixed Mortgage Interest Rate (Annual %)

8.88

12.73

-30.24%

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

Last update for Reykjavik: August 29, 2026

Last update for Tbilisi: August 31, 2026

Cost Breakdown

A central one-bedroom costs $2,506 in Reykjavik versus $682 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 613% 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 $135 in Reykjavik versus $38.00 in Tbilisi. Monthly groceries follow the same trend: $625 vs $232 – 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 215% 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 $6,073 per month in Reykjavik and $1,929 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 $4,048 in Reykjavik and $1,286 in Tbilisi. The difference isn't just one category – it shows up across housing, food, transport, and services.

Public transport costs about 514% 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 $1,286, than in Reykjavik at $4,048. 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 $1,286 versus $4,048 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.