Last update: Oct 2026

Cost of Living Comparison Between Tbilisi and Egilsstadir

For one person, living is cheaper in Egilsstadir: $622 a month against $1,269 in Tbilisi, rent and utilities included – about $7,800 less a year. Rent and utilities account for most of the difference.

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Cost of Living Index in Tbilisi
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Tbilisi Living Index

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Tbilisi

🇬🇪 Georgia

$1,269

/mo nomad

Egilsstadir

🇮🇸 Iceland

$622

/mo nomad

Monthly Cost of Living

How much you'll spend in Tbilisi and in Egilsstadir

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 Egilsstadir actually costs, broken down by who's living it.

Monthly costs for one person with rent: $1,269 in Tbilisi versus $622 in Egilsstadir.

Tbilisi $1,269
Egilsstadir $622

Estimated couple costs with rent: $2,016 in Tbilisi versus $1,036 in Egilsstadir.

Tbilisi $2,016
Egilsstadir $1,036

Monthly costs for a family of three with rent: $2,763 in Tbilisi versus $1,449 in Egilsstadir.

Tbilisi $2,763
Egilsstadir $1,449

Living in Tbilisi is roughly 104% more expensive than in Egilsstadir, and outside of rent the biggest gap is in transport.

Both cities sit below the global median: Tbilisi 7% lower, Egilsstadir 54% lower.

Meal at Budget Restaurant

$11.63 ₾30.07

Three-Course Dinner for Two, Mid-Range

$37.83 ₾97.8

Fast Food Meal (McDonalds, etc)

$9.66 ₾24.98

Cappuccino

$3.57 ₾9.24

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

$1.08 ₾2.78

Water (0.33 liter bottle)

$0.56 ₾1.45

Local Beer (0.5 liter draught)

$2.62 ₾6.78

Imported Beer (0.33 liter bottle)

$3.04 ₾7.85

Milk (1 liter)

$2.17 ₾5.60

$1.66 ISK 202

30.72%

White Bread (500g)

$0.80 ₾2.06

$2.80 ISK 340

-71.43%

Rice (white) (1kg)

$1.74 ₾4.51

$2.47 ISK 299

-29.55%

Eggs

$2.83 ₾7.31

$5.65 ISK 686

-49.91%

Local Cheese (1kg)

$9.31 ₾24.07

$22.02 ISK 2,673

-57.72%

Chicken Fillets (1kg)

$6.52 ₾16.85

$32.21 ISK 3,911

-79.76%

Beef Round Steak (1kg)

$12.95 ₾33.50

$43.35 ISK 5,263

-70.13%

Apples (1kg)

$1.68 ₾4.33

$2.74 ISK 333

-38.69%

Banana (1kg)

$1.85 ₾4.79

$2.40 ISK 292

-22.92%

Oranges (1kg)

$1.97 ₾5.10

$2.53 ISK 307

-22.13%

Tomato (1kg)

$2.42 ₾6.25

$3.87 ISK 470

-37.47%

Potato (1kg)

$0.82 ₾2.11

$4.47 ISK 542

-81.66%

Onion (1kg)

$0.74 ₾1.91

$2.12 ISK 258

-65.09%

Lettuce (1 head)

$1.34 ₾3.47

$2.14 ISK 260

-37.38%

Water (1.5 liter bottle)

$0.77 ₾2.00

$2.23 ISK 270

-65.47%

Cigarettes 20 Pack (Marlboro, Camel)

$3.57 ₾9.24

Wine (Bottle)

$7.67 ₾19.83

$22.37 ISK 2,716

-65.71%

Local Beer (0.5 liter bottle)

$1.70 ₾4.39

$3.95 ISK 479

-56.96%

Imported Beer (0.33 liter bottle)

$2.40 ₾6.21

$3.48 ISK 423

-31.03%

One-way Ticket (Public Transport)

$0.40 ₾1.05

Public Transport Monthly Pass (Regular Price)

$15.23 ₾39.38

Taxi Start (Normal Tariff)

$1.14 ₾2.95

$6.21 ISK 754

-81.64%

Taxi (Normal Tariff) (1km)

$0.78 ₾2.02

Taxi 1hour Waiting (Normal Tariff)

$11.83 ₾30.58

Gasoline (1 liter)

$1.45 ₾3.75

$2.40 ISK 292

-39.58%

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

$24.6K ₾63.6K

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

$22.3K ₾57.8K

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

$88.8 ₾230

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

$13.12 ₾33.93

Internet (50+ Mbps, Unlimited Data)

$19.67 ₾50.9

Gym Membership (Monthly)

$64.1 ₾166

Tennis Court (1 Hour on Weekend)

$19.04 ₾49.24

Cinema Ticket

$7.12 ₾18.42

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

$375 ₾971

International Primary School, 1 Child (Yearly)

$10.5K ₾27.1K

Jeans (Levis 501 Or Similar)

$104 ₾268

Summer Dress (H&M, Zara, etc)

$39.26 ₾102

Sport Shoes (Adidas, Nike)

$117 ₾303

Men's Leather Business Shoes

$122 ₾315

1-bedroom Apartment, City Center (Monthly)

$695 ₾1,798

1-bedroom Apartment, Outside City Center (Monthly)

$451 ₾1,167

3-bedroom Apartment, City Center (Monthly)

$1,355 ₾3,504

3-bedroom Apartment, Outside City Center (Monthly)

$906 ₾2,343

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

20-Year Fixed Mortgage Interest Rate (Annual %)

12.62

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

Last update for Tbilisi: October 27, 2026

Last update for Egilsstadir: October 26, 2026

Monthly budget structure

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

Accommodation & Living

Tbilisi

$451 35.6%

Egilsstadir

–

Groceries & Markets

Tbilisi

$234 18.4%

Egilsstadir

–

Eating Out

Tbilisi

$191 15%

Egilsstadir

–

Clothing & Footwear

Tbilisi

$172 13.5%

Egilsstadir

–

Monthly Utilities & Internet

Tbilisi

$122 9.6%

Egilsstadir

–

Sport & Entertainment

Tbilisi

$78 6.2%

Egilsstadir

–

Getting Around

Tbilisi

$22 1.7%

Egilsstadir

–

Good to know

🇬🇪 Tbilisi

🇮🇸 Egilsstadir

🕒 Local time

13:37 1:37 PM

09:37 9:37 AM

4 h behind Tbilisi

🌤 Weather

👥 Population

1,241,700 Capital

2,500

💱 Currency

Georgian Lari GEL ₾

Icelandic Króna ISK kr

📈 Exchange rate

1 GEL = 0.387 USD

1 GEL = 0.347 EUR

1,000 ISK = 8.24 USD

1,000 ISK = 7.38 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 November 2, 2026: 1 USD = 2.59 GEL (1 GEL = 0.387 USD). 1 EUR = 2.89 GEL (1 GEL = 0.347 EUR).

Icelandic Króna exchange rates as of November 2, 2026: 1 USD = 121 ISK (1,000 ISK = 8.24 USD). 1 EUR = 135 ISK (1,000 ISK = 7.38 EUR).

USD to GEL in detail →

On the map

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Between locations

Tbilisi Egilsstadir 4,470 km ≈ 6 h nonstop flight

From you

Tbilisi
Egilsstadir

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 Egilsstadir: Cost of Living - Frequently Asked Questions

Egilsstadir is about 51% cheaper overall, especially in transport. That difference adds up to real monthly savings that compound significantly over time.

You’d need roughly $1,904 in Tbilisi and $934 in Egilsstadir to live well. The gap comes down to housing and overall price levels. Both cities are liveable on less, but these numbers represent actual comfort.

Shoppers in Tbilisi pay roughly 62% less for everyday groceries. It’s an unusual reversal that partly offsets higher costs elsewhere.

All in, you’ll spend $1,269 per month in Tbilisi versus $622 in Egilsstadir – Egilsstadir is about 51% cheaper, which adds up to real savings over time.

At $622 in Egilsstadir versus $1,269 in Tbilisi, a $1,000 budget is realistic in Egilsstadir but tight or insufficient in Tbilisi. The gap between the two cities makes Egilsstadir 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 Egilsstadir are both considered safe, so it’s unlikely to be the deciding factor between them.