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

Monthly Cost of Living

A single person spends $1,218 per month in Tbilisi vs $3,824 in Reykjavik, rent included.

A couple spends around $1,853 per month in Tbilisi vs $5,556 in Reykjavik, rent included.

A family of three spends $2,489 per month in Tbilisi vs $7,289 in Reykjavik, rent included.

Tbilisi is about 68% cheaper than Reykjavik, driven mainly by Groceries & Markets.

Tbilisi sits 9% below the global median, while Reykjavik is 184% above – they fall on opposite sides of the world average.

Meal at Budget Restaurant

$10.85 ₾28.75

$27.13 ISK 3,378

-60.01%

Three-Course Dinner for Two, Mid-Range

$44.17 ₾117

$147 ISK 18.3K

-69.97%

Fast Food Meal (McDonalds, etc)

$8.28 ₾21.94

$22.15 ISK 2,757

-62.62%

Cappuccino

$3.02 ₾8.00

$6.08 ISK 756

-50.33%

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

$0.76 ₾2.02

$3.24 ISK 404

-76.54%

Water (0.33 liter bottle)

$0.46 ₾1.22

$2.60 ISK 324

-82.31%

Local Beer (0.5 liter draught)

$2.24 ₾5.93

$13.07 ISK 1,627

-82.86%

Imported Beer (0.33 liter bottle)

$3.00 ₾7.95

$11.14 ISK 1,387

-73.07%

Milk (1 liter)

$1.93 ₾5.11

$1.86 ISK 231

3.76%

White Bread (500g)

$0.72 ₾1.91

$4.34 ISK 541

-83.41%

Rice (white) (1kg)

$1.84 ₾4.87

$3.63 ISK 451

-49.31%

Eggs

$2.45 ₾6.48

$6.31 ISK 786

-61.17%

Local Cheese (1kg)

$7.43 ₾19.67

$18.05 ISK 2,247

-58.84%

Chicken Fillets (1kg)

$6.48 ₾17.16

$24.02 ISK 2,990

-73.02%

Beef Round Steak (1kg)

$9.70 ₾25.70

$43.15 ISK 5,372

-77.52%

Apples (1kg)

$1.20 ₾3.18

$3.26 ISK 406

-63.19%

Banana (1kg)

$1.56 ₾4.14

$2.45 ISK 304

-36.33%

Oranges (1kg)

$1.79 ₾4.75

$3.11 ISK 387

-42.44%

Tomato (1kg)

$2.23 ₾5.90

$4.87 ISK 606

-54.21%

Potato (1kg)

$0.65 ₾1.73

$3.68 ISK 459

-82.34%

Onion (1kg)

$0.68 ₾1.79

$2.34 ISK 291

-70.94%

Lettuce (1 head)

$1.19 ₾3.16

$3.04 ISK 379

-60.86%

Water (1.5 liter bottle)

$0.70 ₾1.86

$1.92 ISK 239

-63.54%

Cigarettes 20 Pack (Marlboro, Camel)

$2.95 ₾7.82

$13.59 ISK 1,692

-78.29%

Wine (Bottle)

$7.33 ₾19.41

$23.29 ISK 2,900

-68.53%

Local Beer (0.5 liter bottle)

$1.52 ₾4.02

$3.71 ISK 462

-59.03%

Imported Beer (0.33 liter bottle)

$2.25 ₾5.95

$3.30 ISK 411

-31.82%

One-way Ticket (Public Transport)

$0.36 ₾0.95

$5.08 ISK 633

-92.91%

Public Transport Monthly Pass (Regular Price)

$14.60 ₾38.68

$88.4 ISK 11.0K

-83.48%

Taxi Start (Normal Tariff)

$1.50 ₾3.97

$6.30 ISK 784

-76.19%

Taxi (Normal Tariff) (1km)

$0.73 ₾1.92

$2.64 ISK 328

-72.35%

Taxi 1hour Waiting (Normal Tariff)

$7.45 ₾19.74

$86.7 ISK 10.8K

-91.41%

Gasoline (1 liter)

$1.14 ₾3.01

$2.48 ISK 308

-54.03%

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

$18.5K ₾49.0K

$46.4K ISK 5.8M

-60.11%

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

$20.3K ₾53.6K

$52.0K ISK 6.5M

-61.04%

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

$73.9 ₾196

$89.0 ISK 11.1K

-17.00%

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

$11.71 ₾31.01

$27.11 ISK 3,376

-56.81%

Internet (50+ Mbps, Unlimited Data)

$18.16 ₾48.09

$83.7 ISK 10.4K

-78.31%

Gym Membership (Monthly)

$61.7 ₾163

$83.2 ISK 10.4K

-25.80%

Tennis Court (1 Hour on Weekend)

$16.66 ₾44.12

$37.19 ISK 4,630

-55.20%

Cinema Ticket

$6.61 ₾17.50

$17.41 ISK 2,167

-62.03%

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

$264 ₾700

$319 ISK 39.7K

-17.19%

International Primary School, 1 Child (Yearly)

$5,145 ₾13.6K

$29.8K ISK 3.7M

-82.73%

Jeans (Levis 501 Or Similar)

$74.9 ₾198

$138 ISK 17.1K

-45.59%

Summer Dress (H&M, Zara, etc)

$43.98 ₾117

$60.8 ISK 7,569

-27.65%

Sport Shoes (Adidas, Nike)

$118 ₾312

$181 ISK 22.5K

-35.04%

Men's Leather Business Shoes

$114 ₾301

$269 ISK 33.5K

-57.78%

1-bedroom Apartment, City Center (Monthly)

$692 ₾1,833

$2,246 ISK 279.6K

-69.19%

1-bedroom Apartment, Outside City Center (Monthly)

$454 ₾1,203

$2,025 ISK 252.1K

-77.57%

3-bedroom Apartment, City Center (Monthly)

$1,323 ₾3,504

$3,220 ISK 400.9K

-58.92%

3-bedroom Apartment, Outside City Center (Monthly)

$789 ₾2,089

$2,728 ISK 339.6K

-71.09%

Buy Apartment in City Center (m2)

$2,431 ₾6,440

$7,686 ISK 957.0K

-68.37%

Buy Apartment Outside City Center (m2)

$1,441 ₾3,818

$6,267 ISK 780.3K

-77.00%

Average Monthly Net Salary (After Tax)

$645 ₾1,709

$4,442 ISK 553.0K

-85.48%

20-Year Fixed Mortgage Interest Rate (Annual %)

11.89

9.63

23.47%

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

Last update for Tbilisi: June 9, 2026

Last update for Reykjavik: June 8, 2026

Cost Breakdown

A central one-bedroom costs $692 in Tbilisi versus $2,246 in Reykjavik. 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 589% 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 $44.00 in Tbilisi versus $147 in Reykjavik. Monthly groceries follow the same trend: $204 vs $596 – 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 Reykjavik: Cost of Living - Frequently Asked Questions

Reykjavik costs about 214% 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 $1,827 per month in Tbilisi and $5,735 in Reykjavik. 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 $1,218 in Tbilisi and $3,824 in Reykjavik. The difference isn't just one category – it shows up across housing, food, transport, and services.

Public transport costs about 505% 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 $1,218, than in Reykjavik at $3,824. 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 $1,218 versus $3,824 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.