Last update: Oct 2026

Cost of Living Comparison Between Tbilisi and Akranes

For one person, living is cheaper in Tbilisi: $1,269 a month against $3,713 in Akranes, rent and utilities included – about $29,300 less a year. Rent and utilities account for most of the difference.

61

Cost of Living Index in Tbilisi
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Tbilisi Living Index
179

Cost of Living Index in Akranes
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Akranes Living Index

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Tbilisi

🇬🇪 Georgia

$1,269

/mo nomad

Akranes

🇮🇸 Iceland

$3,713

/mo nomad

Monthly Cost of Living

How much you'll spend in Tbilisi and in Akranes

Real prices from locals and on-the-ground checks – rent, groceries, transit and the daily extras. Here's what a month in Tbilisi and in Akranes actually costs, broken down by who's living it.

Monthly costs for one person with rent: $1,269 in Tbilisi versus $3,713 in Akranes.

Tbilisi $1,269
Akranes $3,713

Estimated couple costs with rent: $2,016 in Tbilisi versus $5,859 in Akranes.

Tbilisi $2,016
Akranes $5,859

Monthly costs for a family of three with rent: $2,763 in Tbilisi versus $8,006 in Akranes.

Tbilisi $2,763
Akranes $8,006

Living in Tbilisi costs roughly 66% less than in Akranes, and outside of rent the biggest gap is in groceries.

The two cities straddle the global median: Tbilisi is 7% below, Akranes is 173% above.

Meal at Budget Restaurant

$11.63 ₾30.07

$31.70 ISK 3,862

-63.31%

Three-Course Dinner for Two, Mid-Range

$37.83 ₾97.8

$123 ISK 15.0K

-69.33%

Fast Food Meal (McDonalds, etc)

$9.66 ₾24.98

$26.72 ISK 3,255

-63.85%

Cappuccino

$3.57 ₾9.24

$6.01 ISK 733

-40.60%

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

$1.08 ₾2.78

$3.19 ISK 389

-66.14%

Water (0.33 liter bottle)

$0.56 ₾1.45

$2.51 ISK 306

-77.69%

Local Beer (0.5 liter draught)

$2.62 ₾6.78

$10.69 ISK 1,302

-75.49%

Imported Beer (0.33 liter bottle)

$3.04 ₾7.85

$8.10 ISK 987

-62.47%

Milk (1 liter)

$2.17 ₾5.60

$2.10 ISK 255

3.33%

White Bread (500g)

$0.80 ₾2.06

$2.04 ISK 248

-60.78%

Rice (white) (1kg)

$1.74 ₾4.51

$3.71 ISK 452

-53.10%

Eggs

$2.83 ₾7.31

$6.26 ISK 763

-54.79%

Local Cheese (1kg)

$9.31 ₾24.07

$20.35 ISK 2,479

-54.25%

Chicken Fillets (1kg)

$6.52 ₾16.85

$24.72 ISK 3,012

-73.62%

Beef Round Steak (1kg)

$12.95 ₾33.50

$42.16 ISK 5,137

-69.28%

Apples (1kg)

$1.68 ₾4.34

$3.30 ISK 402

-49.09%

Banana (1kg)

$1.85 ₾4.79

$2.72 ISK 331

-31.99%

Oranges (1kg)

$1.97 ₾5.10

$3.23 ISK 394

-39.01%

Tomato (1kg)

$2.42 ₾6.25

$4.89 ISK 596

-50.51%

Potato (1kg)

$0.82 ₾2.11

$3.82 ISK 465

-78.53%

Onion (1kg)

$0.74 ₾1.91

$1.71 ISK 208

-56.73%

Lettuce (1 head)

$1.34 ₾3.47

$3.65 ISK 445

-63.29%

Water (1.5 liter bottle)

$0.77 ₾2.00

$1.81 ISK 221

-57.46%

Cigarettes 20 Pack (Marlboro, Camel)

$3.57 ₾9.24

$13.90 ISK 1,693

-74.32%

Wine (Bottle)

$7.67 ₾19.83

$23.57 ISK 2,872

-67.46%

Local Beer (0.5 liter bottle)

$1.70 ₾4.39

$2.88 ISK 351

-40.97%

Imported Beer (0.33 liter bottle)

$2.40 ₾6.21

$2.07 ISK 252

15.94%

One-way Ticket (Public Transport)

$0.40 ₾1.05

$3.61 ISK 440

-88.92%

Public Transport Monthly Pass (Regular Price)

$15.23 ₾39.38

$72.3 ISK 8,809

-78.93%

Taxi Start (Normal Tariff)

$1.14 ₾2.95

$6.55 ISK 798

-82.60%

Taxi (Normal Tariff) (1km)

$0.78 ₾2.02

$1.25 ISK 153

-37.60%

Taxi 1hour Waiting (Normal Tariff)

$11.83 ₾30.58

$81.9 ISK 9,980

-85.56%

Gasoline (1 liter)

$1.45 ₾3.75

$2.08 ISK 253

-30.29%

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

$24.6K ₾63.6K

$67.8K ISK 8.3M

-63.76%

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

$22.3K ₾57.8K

$54.6K ISK 6.6M

-59.06%

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

$88.8 ₾230

$96.4 ISK 11.7K

-7.86%

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

$13.12 ₾33.93

$33.29 ISK 4,056

-60.59%

Internet (50+ Mbps, Unlimited Data)

$19.67 ₾50.9

$85.0 ISK 10.4K

-76.87%

Gym Membership (Monthly)

$64.1 ₾166

$104 ISK 12.7K

-38.51%

Tennis Court (1 Hour on Weekend)

$19.04 ₾49.24

Cinema Ticket

$7.12 ₾18.42

$19.29 ISK 2,351

-63.09%

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

$375 ₾971

$1,205 ISK 146.8K

-68.85%

International Primary School, 1 Child (Yearly)

$10.5K ₾27.1K

$26.1K ISK 3.2M

-59.82%

Jeans (Levis 501 Or Similar)

$104 ₾268

$150 ISK 18.2K

-30.75%

Summer Dress (H&M, Zara, etc)

$39.26 ₾102

$67.1 ISK 8,176

-41.50%

Sport Shoes (Adidas, Nike)

$117 ₾303

$179 ISK 21.8K

-34.48%

Men's Leather Business Shoes

$122 ₾315

$246 ISK 29.9K

-50.47%

1-bedroom Apartment, City Center (Monthly)

$695 ₾1,798

$3,064 ISK 373.3K

-77.31%

1-bedroom Apartment, Outside City Center (Monthly)

$451 ₾1,167

$1,889 ISK 230.2K

-76.12%

3-bedroom Apartment, City Center (Monthly)

$1,355 ₾3,504

$5,013 ISK 610.8K

-72.97%

3-bedroom Apartment, Outside City Center (Monthly)

$906 ₾2,343

$3,654 ISK 445.2K

-75.20%

Buy Apartment in City Center (m2)

$2,295 ₾5,934

Buy Apartment Outside City Center (m2)

$1,345 ₾3,478

Average Monthly Net Salary (After Tax)

$664 ₾1,718

$5,704 ISK 695.0K

-88.35%

20-Year Fixed Mortgage Interest Rate (Annual %)

12.62

8.81

43.25%

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

Last update for Tbilisi: October 27, 2026

Last update for Akranes: October 27, 2026

Monthly budget structure

Share of the monthly basket for one person, rent included.

Accommodation & Living

Tbilisi

$451 35.6%

Akranes

$1.9K 50.9% 319% $1.4K

Groceries & Markets

Tbilisi

$234 18.4%

Akranes

$579 15.6% 148% $345

Eating Out

Tbilisi

$191 15%

Akranes

$498 13.4% 162% $308

Clothing & Footwear

Tbilisi

$172 13.5%

Akranes

$289 7.8% 68% $117

Monthly Utilities & Internet

Tbilisi

$122 9.6%

Akranes

$215 5.8% 76.6% $93

Sport & Entertainment

Tbilisi

$78 6.2%

Akranes

$143 3.9% 82.3% $64

Getting Around

Tbilisi

$22 1.7%

Akranes

$100 2.7% 355% $78

Cost Breakdown

A one-bedroom apartment in the center runs $695 in Tbilisi and $3,064 in Akranes. Housing cost is often the main lever when comparing two cities.

Akranes pays about 8.6 times more on average. How far that income stretches comes down to housing choices and lifestyle.

Dining out: $38 in Tbilisi vs $123 in Akranes for a mid-range dinner for two. Groceries echo the gap at $234 vs $579 per month, with Tbilisi cheaper across the board.

Good to know

🇬🇪 Tbilisi

🇮🇸 Akranes

🕒 Local time

05:01 5:01 AM

01:01 1:01 AM

4 h behind Tbilisi

🌤 Weather

👥 Population

1,241,700 Capital

7,800

💱 Currency

Georgian Lari GEL ₾

Icelandic Króna ISK kr

📈 Exchange rate

1 GEL = 0.387 USD

1 GEL = 0.347 EUR

1,000 ISK = 8.21 USD

1,000 ISK = 7.37 EUR

Exchange rates and currency converter

ISK, USD, EUR to GEL – Georgian Lari Converter

🇺🇸 United States Dollar ($)

🇬🇪 Georgian Lari (₾)

Georgian Lari exchange rates as of October 29, 2026: 1 USD = 2.59 GEL (1 GEL = 0.387 USD). 1 EUR = 2.88 GEL (1 GEL = 0.347 EUR).

Icelandic Króna exchange rates as of October 29, 2026: 1 USD = 122 ISK (1,000 ISK = 8.21 USD). 1 EUR = 136 ISK (1,000 ISK = 7.37 EUR).

USD to GEL in detail →

On the map

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Between locations

Tbilisi Akranes 4,830 km ≈ 7 h nonstop flight

From you

Tbilisi
Akranes

Distances are measured in a straight line. Your location is detected approximately.

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

Tbilisi vs Akranes: Cost of Living - Frequently Asked Questions

Tbilisi wins on cost – living expenses run 66% lower than in Akranes. Housing and daily spending are where you’ll feel the difference most, making Tbilisi the obvious pick if budget is a priority.

On paper, salaries run 88% lower in Tbilisi. That’s worth factoring in alongside costs, though remote workers earning in a stronger currency may not notice the difference at all.

Rent for a central apartment: $695 in Tbilisi versus $3,064 in Akranes. Housing is usually the single largest factor when comparing overall living costs between the two.

All in, you’ll spend $1,269 per month in Tbilisi versus $3,713 in Akranes – Tbilisi is about 66% cheaper, which adds up to real savings over time.

A monthly transit pass in Tbilisi runs roughly 79% less than in Akranes. The price difference matters if you commute daily and watch your budget.

At $1,269 in Tbilisi versus $3,713 in Akranes, a $2,000 budget is realistic in Tbilisi but tight or insufficient in Akranes. The gap between the two cities makes Tbilisi the clear choice for anyone on this budget.

Both cities offer a good standard of living with different trade-offs. Neither is objectively better – the right pick depends on what matters most: affordability, career, cultural scene, or climate.

Safety-wise, Tbilisi and Akranes are both considered safe, so it’s unlikely to be the deciding factor between them.

Expats usually find Tbilisi gentler on the wallet – expenses run 66% less than in Akranes. Beyond cost, consider language, visa policies, and how big the international community is in each city.