Cost of living comparison

Iceland

compared to

Georgia

Georgia vs. Iceland Cost of Living Summary

Georgia is 51.8% cheaper than Iceland overall.

Restaurants: pay 62.9% less in Georgia
Groceries: pay 50.5% less in Georgia
Transportation: pay 62.5% less in Georgia
Housing: pay 59.4% less in Georgia
Childcare: pay 29.2% less in Georgia
Entertainment and Sports: pay 59.9% less in Georgia
Clothing: pay 37.9% less in Georgia

Expenses including restaurants, transportation, entertainment and sports, housing, groceries, and clothing are lower in Georgia.

Georgia vs. Iceland Cost Breakdown

If you lived in Georgia instead of Iceland, you would:

Display currency: USD

pay 62.9% less for restaurants

	Iceland	Georgia
Basic meal with drink at inexpensive restaurant	$19.40 ISK2,584	$9.82 GEL27.24	-49.4%
Fast food combo meal McDonalds, or similar	$16.94 ISK2,257	$7.91 GEL21.94	-53.3%
Bottle of Coca-Cola (11 fl. oz)	$2.81 ISK374	$0.83 GEL2.31	-70.4%
Bottle of water (11 fl. oz)	$2.02 ISK269	$0.43 GEL1.20	-78.6%
Average			-62.9%

Iceland vs. Georgia - Cost of restaurants

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pay 50.5% less for groceries

	Iceland	Georgia
Bread 1 loaf	$2.95 ISK394	$0.60 GEL1.68	-79.6%
Local cheese (8 oz)	$7.27 ISK968	$3.99 GEL11.07	-45.1%
Milk (1 gallon)	$6.01 ISK800	$7.10 GEL19.70	+18.2%
Eggs 1 dozen	$5.42 ISK722	$2.30 GEL6.39	-57.5%
Boneless chicken breast (1 lb)	$8.51 ISK1,133	$2.62 GEL7.27	-69.2%
Apples (1 lb)	$1.22 ISK163	$0.53 GEL1.48	-56.4%
Bananas (1 lb)	$1.03 ISK137	$0.74 GEL2.06	-27.8%
Oranges (1 lb)	$1.17 ISK156	$0.71 GEL1.98	-39.1%
Tomatoes (1 lb)	$1.87 ISK250	$0.68 GEL1.89	-63.7%
Potatoes (1 lb)	$1.23 ISK164	$0.29 GEL0.80	-76.6%
Onions (1 lb)	$0.78 ISK105	$0.33 GEL0.90	-58.5%
Average			-50.5%

Iceland vs. Georgia - Cost of groceries

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pay 62.5% less for transportation

	Iceland	Georgia
Gasoline (1 gallon)	$8.36 ISK1,114	$4.48 GEL12.44	-46.4%
Monthly public transit pass	$71.28 ISK9,494	$13.38 GEL37.14	-81.2%
New Volkswagen Golf 1.4 (standard edition)	$40,660.66 ISK5,416,000	$20,514.71 GEL56,928.31	-49.5%
Taxi trip in downtown area (5 miles)	$22.04 ISK2,935	$5.97 GEL16.58	-72.9%
Average			-62.5%

Iceland vs. Georgia - Cost of transportation

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pay 59.4% less for housing

	Iceland	Georgia
Internet connection 50 mbps or faster, cable/dsl	$72.17 ISK9,614	$15.81 GEL43.87	-78.1%
1-Bedroom apartment in downtown area	$1,838.04 ISK244,827	$472.27 GEL1,310.54	-74.3%
1-Bedroom apartment outside city center	$1,497.77 ISK199,503	$323.81 GEL898.58	-78.4%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$58.01 ISK7,728	$54.01 GEL149.89	-6.9%
Average			-59.4%

Iceland vs. Georgia - Cost of housing

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pay 29.2% less for childcare

	Iceland	Georgia
Private preschool for 1 child, monthly	$258.16 ISK34,388	$199.75 GEL554.32	-22.6%
Middle school for 1 child, two semesters	$5,993.99 ISK798,400	$3,840.26 GEL10,656.71	-35.9%
Average			-29.2%

Iceland vs. Georgia - Cost of childcare

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pay 59.9% less for entertainment and sports

	Iceland	Georgia
Domestic/local beer (1 pint)	$9.19 ISK1,224	$1.54 GEL4.28	-83.2%
Cappuccino in mid-range area	$4.65 ISK619	$2.45 GEL6.81	-47.2%
Pack of cigarettes Marlboro or similar	$11.76 ISK1,566	$2.92 GEL8.11	-75.1%
Monthly membership at local gym	$61.46 ISK8,186	$39.78 GEL110.38	-35.3%
Movie ticket to theater/cinema	$14.35 ISK1,911	$5.96 GEL16.53	-58.5%
Average			-59.9%

Iceland vs. Georgia - Cost of entertainment and sports

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pay 37.9% less for clothing

	Iceland	Georgia
Regular jeans Levi's brand	$111.23 ISK14,816	$62.01 GEL172.09	-44.2%
Regular dress from H&M or similar store	$59.69 ISK7,951	$41.33 GEL114.70	-30.8%
Running shoes Nike or Adidas	$148.00 ISK19,713	$100.06 GEL277.66	-32.4%
Men's business shoes (leather)	$184.49 ISK24,575	$103.32 GEL286.71	-44.0%
Average			-37.9%

Iceland vs. Georgia - Cost of clothing

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The statistics used to build this comparison are calculated using data from users just like you. We average the price of thousands of data points entered by users across the world. Learn more about our data sources. Page last updated: March 2025

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