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

Monthly Cost of Living

A single person spends $1,279 per month in Tbilisi vs $3,991 in Reykjavik, rent included.

A couple spends around $2,033 per month in Tbilisi vs $5,585 in Reykjavik, rent included.

A family of three spends $2,787 per month in Tbilisi vs $7,179 in Reykjavik, rent included.

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

Tbilisi sits 7% below the global median, while Reykjavik is 191% above – they fall on opposite sides of the world average.

Meal at Budget Restaurant

$11.68 ₾30.42

$29.03 ISK 3,528

-59.77%

Three-Course Dinner for Two, Mid-Range

$37.79 ₾98.4

$133 ISK 16.2K

-71.63%

Fast Food Meal (McDonalds, etc)

$9.34 ₾24.31

$26.15 ISK 3,177

-64.28%

Cappuccino

$3.45 ₾9.00

$6.64 ISK 806

-48.04%

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

$1.09 ₾2.84

$3.23 ISK 393

-66.25%

Water (0.33 liter bottle)

$0.59 ₾1.55

$3.18 ISK 386

-81.45%

Local Beer (0.5 liter draught)

$2.82 ₾7.35

$13.53 ISK 1,644

-79.16%

Imported Beer (0.33 liter bottle)

$3.73 ₾9.71

$12.41 ISK 1,508

-69.94%

Milk (1 liter)

$2.19 ₾5.71

$2.08 ISK 253

5.29%

White Bread (500g)

$0.74 ₾1.93

$4.20 ISK 511

-82.38%

Rice (white) (1kg)

$1.65 ₾4.29

$3.53 ISK 429

-53.26%

Eggs

$2.76 ₾7.20

$7.27 ISK 883

-62.04%

Local Cheese (1kg)

$9.64 ₾25.09

$20.68 ISK 2,513

-53.38%

Chicken Fillets (1kg)

$6.89 ₾17.94

$24.10 ISK 2,929

-71.41%

Beef Round Steak (1kg)

$13.15 ₾34.23

$40.84 ISK 4,961

-67.80%

Apples (1kg)

$1.71 ₾4.46

$3.42 ISK 415

-50.00%

Banana (1kg)

$1.72 ₾4.49

$2.82 ISK 343

-39.01%

Oranges (1kg)

$1.87 ₾4.87

$3.16 ISK 384

-40.82%

Tomato (1kg)

$2.49 ₾6.49

$6.30 ISK 765

-60.48%

Potato (1kg)

$0.81 ₾2.11

$3.92 ISK 476

-79.34%

Onion (1kg)

$0.66 ₾1.72

$1.69 ISK 205

-60.95%

Lettuce (1 head)

$1.38 ₾3.60

$3.39 ISK 412

-59.29%

Water (1.5 liter bottle)

$0.75 ₾1.94

$1.73 ISK 210

-56.65%

Cigarettes 20 Pack (Marlboro, Camel)

$3.36 ₾8.75

$13.76 ISK 1,671

-75.58%

Wine (Bottle)

$7.81 ₾20.34

$24.05 ISK 2,922

-67.53%

Local Beer (0.5 liter bottle)

$1.67 ₾4.34

$3.61 ISK 439

-53.74%

Imported Beer (0.33 liter bottle)

$2.34 ₾6.10

$3.35 ISK 407

-30.15%

One-way Ticket (Public Transport)

$0.37 ₾0.96

$5.70 ISK 693

-93.51%

Public Transport Monthly Pass (Regular Price)

$15.56 ₾40.52

$90.7 ISK 11.0K

-82.85%

Taxi Start (Normal Tariff)

$1.14 ₾2.97

$6.76 ISK 822

-83.14%

Taxi (Normal Tariff) (1km)

$0.78 ₾2.03

$2.79 ISK 339

-72.04%

Taxi 1hour Waiting (Normal Tariff)

$11.51 ₾29.97

$72.7 ISK 8,830

-84.16%

Gasoline (1 liter)

$1.33 ₾3.47

$2.04 ISK 248

-34.80%

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

$24.8K ₾64.7K

$50.7K ISK 6.2M

-51.03%

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

$22.2K ₾57.8K

$54.3K ISK 6.6M

-59.15%

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

$90.3 ₾235

$87.2 ISK 10.6K

3.54%

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

$13.19 ₾34.35

$32.62 ISK 3,963

-59.56%

Internet (50+ Mbps, Unlimited Data)

$19.73 ₾51.4

$85.2 ISK 10.4K

-76.84%

Gym Membership (Monthly)

$66.3 ₾173

$97.4 ISK 11.8K

-31.95%

Tennis Court (1 Hour on Weekend)

$19.64 ₾51.1

$48.73 ISK 5,921

-59.70%

Cinema Ticket

$6.73 ₾17.53

$19.87 ISK 2,414

-66.13%

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

$356 ₾928

$1,128 ISK 137.1K

-68.42%

International Primary School, 1 Child (Yearly)

$10.6K ₾27.6K

$30.2K ISK 3.7M

-64.92%

Jeans (Levis 501 Or Similar)

$101 ₾263

$154 ISK 18.7K

-34.52%

Summer Dress (H&M, Zara, etc)

$39.62 ₾103

$66.5 ISK 8,079

-40.41%

Sport Shoes (Adidas, Nike)

$115 ₾299

$191 ISK 23.2K

-39.90%

Men's Leather Business Shoes

$120 ₾314

$244 ISK 29.6K

-50.57%

1-bedroom Apartment, City Center (Monthly)

$703 ₾1,830

$2,471 ISK 300.2K

-71.56%

1-bedroom Apartment, Outside City Center (Monthly)

$451 ₾1,173

$2,055 ISK 249.7K

-78.07%

3-bedroom Apartment, City Center (Monthly)

$1,276 ₾3,321

$3,400 ISK 413.1K

-62.48%

3-bedroom Apartment, Outside City Center (Monthly)

$891 ₾2,320

$2,720 ISK 330.5K

-67.25%

Buy Apartment in City Center (m2)

$2,530 ₾6,587

$8,029 ISK 975.5K

-68.49%

Buy Apartment Outside City Center (m2)

$1,466 ₾3,818

$6,365 ISK 773.4K

-76.96%

Average Monthly Net Salary (After Tax)

$651 ₾1,696

$4,758 ISK 578.1K

-86.31%

20-Year Fixed Mortgage Interest Rate (Annual %)

12.73

9.1

39.89%

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

Last update for Tbilisi: August 16, 2026

Last update for Reykjavik: August 16, 2026

Cost Breakdown

A central one-bedroom costs $703 in Tbilisi versus $2,471 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 631% 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 $38.00 in Tbilisi versus $133 in Reykjavik. Monthly groceries follow the same trend: $235 vs $612 – 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 212% 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 $1,918 per month in Tbilisi and $5,986 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 $1,279 in Tbilisi and $3,991 in Reykjavik. The difference isn't just one category – it shows up across housing, food, transport, and services.

Public transport costs about 483% 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 $1,279, than in Reykjavik at $3,991. 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 $1,279 versus $3,991 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.