Last update: Oct 2026

Cost of Living Comparison Between Tbilisi and Keflavik

For one person, living is cheaper in Tbilisi: $1,269 a month against $3,018 in Keflavik, rent and utilities included – about $21,000 less a year. Rent and utilities account for about half of the difference.

61

Cost of Living Index in Tbilisi
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Tbilisi Living Index
145

Cost of Living Index in Keflavik
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Keflavik Living Index

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Tbilisi

🇬🇪 Georgia

$1,269

/mo nomad

Keflavik

🇮🇸 Iceland

$3,018

/mo nomad

Monthly Cost of Living

How much you'll spend in Tbilisi and in Keflavik

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

Monthly costs for one person with rent: $1,269 in Tbilisi versus $3,018 in Keflavik.

Tbilisi $1,269
Keflavik $3,018

Estimated couple costs with rent: $2,016 in Tbilisi versus $4,529 in Keflavik.

Tbilisi $2,016
Keflavik $4,529

Monthly costs for a family of three with rent: $2,763 in Tbilisi versus $6,041 in Keflavik.

Tbilisi $2,763
Keflavik $6,041

Living in Tbilisi costs roughly 58% less than in Keflavik, and outside of rent the biggest gap is in groceries.

The two cities straddle the global median: Tbilisi is 7% below, Keflavik is 122% above.

Meal at Budget Restaurant

$11.63 ₾30.07

$24.11 ISK 2,927

-51.76%

Three-Course Dinner for Two, Mid-Range

$37.83 ₾97.8

$121 ISK 14.7K

-68.78%

Fast Food Meal (McDonalds, etc)

$9.66 ₾24.98

$20.25 ISK 2,458

-52.30%

Cappuccino

$3.57 ₾9.24

$4.22 ISK 513

-15.40%

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

$1.08 ₾2.78

$3.36 ISK 408

-67.86%

Water (0.33 liter bottle)

$0.56 ₾1.45

$3.03 ISK 368

-81.52%

Local Beer (0.5 liter draught)

$2.62 ₾6.78

$8.25 ISK 1,001

-68.24%

Imported Beer (0.33 liter bottle)

$3.04 ₾7.85

$8.15 ISK 990

-62.70%

Milk (1 liter)

$2.17 ₾5.60

$2.11 ISK 256

2.84%

White Bread (500g)

$0.80 ₾2.06

$4.21 ISK 512

-81.00%

Rice (white) (1kg)

$1.74 ₾4.51

$2.50 ISK 303

-30.40%

Eggs

$2.83 ₾7.31

$6.55 ISK 796

-56.79%

Local Cheese (1kg)

$9.31 ₾24.07

$19.70 ISK 2,391

-52.74%

Chicken Fillets (1kg)

$6.52 ₾16.85

$23.90 ISK 2,902

-72.72%

Beef Round Steak (1kg)

$12.95 ₾33.50

$41.71 ISK 5,063

-68.95%

Apples (1kg)

$1.68 ₾4.33

$2.44 ISK 296

-31.15%

Banana (1kg)

$1.85 ₾4.79

$2.41 ISK 292

-23.24%

Oranges (1kg)

$1.97 ₾5.10

$2.50 ISK 303

-21.20%

Tomato (1kg)

$2.42 ₾6.25

$4.16 ISK 504

-41.83%

Potato (1kg)

$0.82 ₾2.11

$3.12 ISK 378

-73.72%

Onion (1kg)

$0.74 ₾1.91

$1.64 ISK 199

-54.88%

Lettuce (1 head)

$1.34 ₾3.47

$3.62 ISK 440

-62.98%

Water (1.5 liter bottle)

$0.77 ₾2.00

$1.81 ISK 219

-57.46%

Cigarettes 20 Pack (Marlboro, Camel)

$3.57 ₾9.24

$13.85 ISK 1,681

-74.22%

Wine (Bottle)

$7.67 ₾19.83

$16.32 ISK 1,981

-53.00%

Local Beer (0.5 liter bottle)

$1.70 ₾4.39

$3.73 ISK 453

-54.42%

Imported Beer (0.33 liter bottle)

$2.40 ₾6.21

$2.81 ISK 341

-14.59%

One-way Ticket (Public Transport)

$0.40 ₾1.05

$3.68 ISK 447

-89.13%

Public Transport Monthly Pass (Regular Price)

$15.23 ₾39.38

$77.2 ISK 9,366

-80.26%

Taxi Start (Normal Tariff)

$1.14 ₾2.95

$6.35 ISK 771

-82.05%

Taxi (Normal Tariff) (1km)

$0.78 ₾2.02

$2.59 ISK 314

-69.88%

Taxi 1hour Waiting (Normal Tariff)

$11.83 ₾30.58

$80.2 ISK 9,738

-85.25%

Gasoline (1 liter)

$1.45 ₾3.75

$2.00 ISK 243

-27.50%

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

$24.6K ₾63.6K

$68.2K ISK 8.3M

-63.95%

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

$22.3K ₾57.8K

$55.2K ISK 6.7M

-59.54%

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

$88.8 ₾230

$95.8 ISK 11.6K

-7.27%

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

$13.12 ₾33.93

$32.13 ISK 3,900

-59.17%

Internet (50+ Mbps, Unlimited Data)

$19.67 ₾50.9

$84.5 ISK 10.3K

-76.73%

Gym Membership (Monthly)

$64.1 ₾166

$76.7 ISK 9,316

-16.54%

Tennis Court (1 Hour on Weekend)

$19.04 ₾49.24

Cinema Ticket

$7.12 ₾18.42

$19.58 ISK 2,377

-63.64%

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

$375 ₾971

$406 ISK 49.3K

-7.48%

International Primary School, 1 Child (Yearly)

$10.5K ₾27.1K

$26.4K ISK 3.2M

-60.36%

Jeans (Levis 501 Or Similar)

$104 ₾268

$148 ISK 18.0K

-30.06%

Summer Dress (H&M, Zara, etc)

$39.26 ₾102

$66.8 ISK 8,104

-41.19%

Sport Shoes (Adidas, Nike)

$117 ₾303

$184 ISK 22.4K

-36.38%

Men's Leather Business Shoes

$122 ₾315

$190 ISK 23.1K

-35.88%

1-bedroom Apartment, City Center (Monthly)

$695 ₾1,798

$1,862 ISK 226.0K

-62.66%

1-bedroom Apartment, Outside City Center (Monthly)

$451 ₾1,167

$1,359 ISK 165.0K

-66.81%

3-bedroom Apartment, City Center (Monthly)

$1,355 ₾3,504

$2,527 ISK 306.7K

-46.37%

3-bedroom Apartment, Outside City Center (Monthly)

$906 ₾2,343

$2,040 ISK 247.7K

-55.59%

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

$3,819 ISK 463.6K

-82.61%

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 Keflavik: October 26, 2026

Monthly budget structure

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

Accommodation & Living

Tbilisi

$451 35.6%

Keflavik

$1.4K 45% 201% $908

Groceries & Markets

Tbilisi

$234 18.4%

Keflavik

$566 18.8% 142% $332

Eating Out

Tbilisi

$191 15%

Keflavik

$387 12.8% 103% $197

Clothing & Footwear

Tbilisi

$172 13.5%

Keflavik

$265 8.8% 54.3% $93

Monthly Utilities & Internet

Tbilisi

$122 9.6%

Keflavik

$212 7% 74.7% $91

Sport & Entertainment

Tbilisi

$78 6.2%

Keflavik

$116 3.8% 48% $38

Getting Around

Tbilisi

$22 1.7%

Keflavik

$111 3.7% 408% $89

Cost Breakdown

A one-bedroom apartment in the center runs $695 in Tbilisi and $1,862 in Keflavik. Housing cost is often the main lever when comparing two cities.

Keflavik pays about 5.7 times more on average. How far that income stretches comes down to housing choices and lifestyle.

Dining out: $38 in Tbilisi vs $121 in Keflavik for a mid-range dinner for two. Groceries echo the gap at $234 vs $566 per month, with Tbilisi cheaper across the board.

Good to know

🇬🇪 Tbilisi

🇮🇸 Keflavik

🕒 Local time

12:01 12:01 PM

08:01 8:01 AM

4 h behind Tbilisi

🌤 Weather

👥 Population

1,241,700 Capital

15,000

💱 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 Keflavik 4,850 km ≈ 7 h nonstop flight

From you

Tbilisi
Keflavik

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 Keflavik: Cost of Living - Frequently Asked Questions

Tbilisi wins on cost – living expenses run 58% lower than in Keflavik. 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 83% 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 $1,862 in Keflavik. Housing is usually the single largest factor when comparing overall living costs between the two.

A monthly transit pass in Tbilisi runs roughly 80% less than in Keflavik. The price difference matters if you commute daily and watch your budget.

Childcare runs $375 in Tbilisi versus $406 in Keflavik. Over years of preschool, even a modest monthly gap compounds into a major financial factor for families.

At $1,269 in Tbilisi versus $3,018 in Keflavik, a $2,000 budget is realistic in Tbilisi but tight or insufficient in Keflavik. 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 Keflavik 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 58% less than in Keflavik. Beyond cost, consider language, visa policies, and how big the international community is in each city.