Cost of Living Comparison Between Tbilisi and Akureyri Cost of Living Comparison Between Tbilisi and Akureyri

Monthly Cost of Living

A single person spends $1,185 per month in Tbilisi vs $2,862 in Akureyri, rent included.

A couple spends around $1,834 per month in Tbilisi vs $3,910 in Akureyri, rent included.

A family of three spends $2,483 per month in Tbilisi vs $4,958 in Akureyri, rent included.

Tbilisi is about 59% cheaper than Akureyri, driven mainly by Eating Out.

Tbilisi sits 12% below the global median, while Akureyri is 114% above – they fall on opposite sides of the world average.

Meal at Budget Restaurant

$11.15 ₾30.00

$23.68 ISK 2,899

-52.91%

Three-Course Dinner for Two, Mid-Range

$43.13 ₾116

$127 ISK 15.6K

-66.04%

Fast Food Meal (McDonalds, etc)

$8.22 ₾22.11

$22.00 ISK 2,694

-62.64%

Cappuccino

$3.13 ₾8.42

$4.83 ISK 591

-35.20%

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

$0.74 ₾2.00

$3.43 ISK 420

-78.43%

Water (0.33 liter bottle)

$0.45 ₾1.22

$3.09 ISK 379

-85.44%

Local Beer (0.5 liter draught)

$2.13 ₾5.74

$10.76 ISK 1,317

-80.20%

Imported Beer (0.33 liter bottle)

$2.99 ₾8.06

$9.30 ISK 1,138

-67.85%

Milk (1 liter)

$1.89 ₾5.09

$2.79 ISK 341

-32.26%

White Bread (500g)

$0.73 ₾1.97

$2.25 ISK 276

-67.56%

Rice (white) (1kg)

$1.85 ₾4.98

$3.07 ISK 375

-39.74%

Eggs

$2.45 ₾6.58

$8.25 ISK 1,010

-70.30%

Local Cheese (1kg)

$7.85 ₾21.12

Chicken Fillets (1kg)

$6.25 ₾16.82

$24.53 ISK 3,004

-74.52%

Beef Round Steak (1kg)

$9.77 ₾26.28

Apples (1kg)

$1.21 ₾3.26

Banana (1kg)

$1.59 ₾4.28

Oranges (1kg)

$1.79 ₾4.81

Tomato (1kg)

$2.32 ₾6.25

Potato (1kg)

$0.71 ₾1.91

Onion (1kg)

$0.67 ₾1.81

Lettuce (1 head)

$1.18 ₾3.16

Water (1.5 liter bottle)

$0.71 ₾1.92

Cigarettes 20 Pack (Marlboro, Camel)

$2.92 ₾7.85

$13.19 ISK 1,615

-77.86%

Wine (Bottle)

$7.25 ₾19.50

Local Beer (0.5 liter bottle)

$1.55 ₾4.17

Imported Beer (0.33 liter bottle)

$2.31 ₾6.21

One-way Ticket (Public Transport)

$0.38 ₾1.03

Public Transport Monthly Pass (Regular Price)

$14.81 ₾39.83

Taxi Start (Normal Tariff)

$1.48 ₾3.98

Taxi (Normal Tariff) (1km)

$0.69 ₾1.86

Taxi 1hour Waiting (Normal Tariff)

$7.45 ₾20.05

Gasoline (1 liter)

$1.15 ₾3.10

$2.54 ISK 311

-54.72%

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

$18.0K ₾48.4K

$39.8K ISK 4.9M

-54.75%

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

$19.8K ₾53.4K

$63.4K ISK 7.8M

-68.73%

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

$73.4 ₾198

$121 ISK 14.8K

-39.31%

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

$11.64 ₾31.32

$25.36 ISK 3,105

-54.10%

Internet (50+ Mbps, Unlimited Data)

$17.77 ₾47.79

$160 ISK 19.6K

-88.90%

Gym Membership (Monthly)

$60.6 ₾163

$84.2 ISK 10.3K

-28.04%

Tennis Court (1 Hour on Weekend)

$16.44 ₾44.21

Cinema Ticket

$6.51 ₾17.52

$14.88 ISK 1,822

-56.25%

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

$263 ₾707

$357 ISK 43.8K

-26.53%

International Primary School, 1 Child (Yearly)

$5,136 ₾13.8K

Jeans (Levis 501 Or Similar)

$77.7 ₾209

$78.9 ISK 9,663

-1.55%

Summer Dress (H&M, Zara, etc)

$44.39 ₾119

Sport Shoes (Adidas, Nike)

$118 ₾317

$122 ISK 15.0K

-3.75%

Men's Leather Business Shoes

$114 ₾307

1-bedroom Apartment, City Center (Monthly)

$693 ₾1,865

$1,792 ISK 219.4K

-61.31%

1-bedroom Apartment, Outside City Center (Monthly)

$462 ₾1,244

$1,803 ISK 220.8K

-74.36%

3-bedroom Apartment, City Center (Monthly)

$1,337 ₾3,597

3-bedroom Apartment, Outside City Center (Monthly)

$779 ₾2,096

$2,126 ISK 260.3K

-63.35%

Buy Apartment in City Center (m2)

$2,530 ₾6,805

$6,617 ISK 810.2K

-61.77%

Buy Apartment Outside City Center (m2)

$1,430 ₾3,847

$6,409 ISK 784.7K

-77.69%

Average Monthly Net Salary (After Tax)

$633 ₾1,702

20-Year Fixed Mortgage Interest Rate (Annual %)

11.89

9.4

26.49%

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

Last update for Tbilisi: April 26, 2026

Last update for Akureyri: April 28, 2026

Cost Breakdown

A central one-bedroom costs $693 in Tbilisi versus $1,792 in Akureyri. Rent is usually the largest line item in a monthly budget, so the gap here sets the tone for the overall comparison.

A mid-range dinner for two costs $43.00 in Tbilisi versus $127 in Akureyri. Monthly groceries follow the same trend: $206 vs $218 – 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

Tbilisi vs Akureyri: Cost of Living - Frequently Asked Questions

Yes – Akureyri is pricier by about 142%, and the gap shows up most in Eating Out. It's not just housing either; the difference applies across most spending categories.

For a comfortable life, plan on about $1,777 per month in Tbilisi and $4,293 in Akureyri. 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.

A mid-range dinner for two costs $43.00 in Tbilisi and $127 in Akureyri. That's a good indicator of the overall restaurant and café pricing gap between the two cities.

Groceries cost about 6% more in Akureyri, though it depends on what you buy. Local produce may be comparable; imported and premium items show the biggest price gap.

A $2,000 monthly budget goes further in Tbilisi, where all-in costs run around $1,185, than in Akureyri at $2,862. In Tbilisi it covers expenses comfortably, while in Akureyri it requires careful planning or may not stretch far enough.

Families tend to lean toward Tbilisi – lower housing and cheaper childcare make a real difference, especially on a single income or when paying for private education.

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, Akureyri makes more sense. Both are solid long-term options with distinct trade-offs.