Cost Of Living in Tbilisi 2024
Average monthly spending for singles, couples, students, and families in Tbilisi
Whether you're living in Tbilisi or planning to move there, it is very important to know the cost of living and the prices of things. Here we list the average spending for the four main population groups.
Average Monthly Expenditure6,900 GEL
per month$2,600530 GEL $200
$26,000 69,000 GEL
Single4,800 GEL
per month$1,8001,600 GEL $600
$12,000 32,000 GEL
Couple8,000 GEL
per month$3,0002,700 GEL $1,000
$16,000 42,000 GEL
Family11,000 GEL
per month$4,0003,700 GEL $1,400
$22,000 58,000 GEL
Student3,300 GEL
per month$1,2001,300 GEL $500
$2,200 5,900 GEL
The figures displayed here are inclusive of everything: housing, travel, groceries, healthcare, etc.
Singles
The average monthly expense for a single person living in Tbilisi is 4,800 GEL. Expenses can range from 1,600 GEL at the minimum level to 32,000 GEL at the highest end.
Couples
The average monthly spending of couples in Tbilisi is 8,000 GEL. Expenditure can range from 2,700 GEL to 42,000 GEL per month.
Families
The average cost of living for families in Tbilisi is 11,000 GEL per month. Families spend anywhere from 3,700 GEL to 58,000 GEL.
Students
The average monthly expenditure for students in Tbilisi is 3,300 GEL. Students spend from 1,300 GEL to 5,900 GEL per month.
Spending behavior can change drastically from one person to another. It is best to consider the minimum, average, and maximum spending together.
Prices and cost of goods and services in Tbilisi
Dining, food, and beverages costs
Large bottle of water
Fast food combo meal
Restaurant meal for one
Fine dining meal for one
Soda or Soft Drink
Cappuccino or latte Grocery and market costs
Milk large bottle
Loaf of bread | 0.80 GEL | 0.91 GEL | 1.1 GEL |
12 eggs
Fresh whole chicken
Beef 1 kg or 1 lb
Rice 1 kg or 1 lb
Tomato 1 kg or 1 lb
Apples 1 kg or 1 lb Commute, travel, and transportation costs
20 minutes taxi ride
Average car full tank
Average car 1-day rental
Average car price | 17,000 GEL | 33,000 GEL | 44,000 GEL |
Bus ticket one way
Car Service Utility cost (monthly)
Utility Bill - Individual
Utility Bill - Couple | 130 GEL | 400 GEL | 2,100 GEL |
Utility Bill - Family | 110 GEL | 320 GEL | 1,800 GEL |
Internet and cable
Mobile phone charges Leisure and activities costs
Movie ticket
One month gym membership Cloths and accessories costs
Pair of jeans or pants
Woman dress
Woman shoes
Men's shoes
Men suit
Regular t-shirt Housing costs / monthly rent
Studio apartment | 610 GEL | 920 GEL | 2,400 GEL |
1-bedroom apartment | 920 GEL | 1,500 GEL | 3,700 GEL |
2-bedroom apartment | 1,200 GEL | 1,800 GEL | 4,900 GEL |
Housing costs / Buying
Studio apartment | 120,000 GEL | 180,000 GEL | 370,000 GEL |
1-bedroom apartment | 150,000 GEL | 240,000 GEL | 920,000 GEL |
2-bedroom apartment | 240,000 GEL | 730,000 GEL | 1.5M GEL |
| $92,000 | $280,000 | $550,000 |
Furniture Costs
King Size Bed | 670 GEL | 830 GEL | 1,100 GEL |
Double Bed
Single Bed
Living Room | 740 GEL | 950 GEL | 3,300 GEL |
Dining Table
Sofa or Couch | 440 GEL | 610 GEL | 1,300 GEL |
Electronics and House Appliance Costs
TV Set | 440 GEL | 670 GEL | 1,300 GEL |
Fridge or Freezer
Washing Machine | 510 GEL | 740 GEL | 1,300 GEL |
Stove or Cooker
Mobile Phone
Laptop or Computer | 610 GEL | 740 GEL | 1,300 GEL |
Expenditure to Income Ratio in Tbilisi
One of the most definite ways to determine how affordable a place is measuring the ratio of expenses to salary. A high expense-to-income to ratio indicates a high cost-of-living index while a low expenditure-to-salary ratio means the place is affordable to live in.
Spending to Income Ratio
89%
79% to 99%
( expenditure / income ) x 100
Expense to income distribution levels
| Spending To Income Ratio | % People |
|---|
| < 50% | 5% |
| 50% - 60% | 10% |
| 60% - 70% | 17% |
| 70% - 80% | 26% |
| 80% - 90% | 17% |
| 90% - 100% | 10% |
| 100% - 110% | 5% |
| 110% - 120% | 3% |
| 120% - 130% | 2% |
| 130% - 140% | 2% |
| > 140% | 1% |
Interpretation and Analysis
The average spending-to-salary ratio in Tbilisi is 89%
This means that on average, people spend around 89% of their income for living.
According to the distribution table, 17% of the population spend approximately 60% to 70% of their income every month.
How can spending be more than income?
A value higher than 100% means that the expenditure of those people is higher than their income. They are spending more than what they earn. This is possible in two scenarios. They are either borrowing from their savings to survive or they are borrowing from other sources (relatives, friends, banks, etc.). More about this in the debt section.
Individual
80%
Spending-Income-Ratio
71%
89%
Couple
85%
Spending-Income-Ratio
75%
94%
Family
93%
Spending-Income-Ratio
83%
100%
How do people spend their money in Tbilisi?
We asked thousands of people about their spending habits and expenditure breaks. Below are their answers.
The percentage figures in this section are percentages of total spending not income. If you would like to see the percentage of expenses as related to income or salary, see other sections.
Housing Expenditure26%
26% of total expenses on average (15% to 34%)
| LOW | $60 160 GEL |
| AVERAGE | $780 2,100 GEL |
| HIGH | $7,800 21,000 GEL |
| Per Month |
People living in Tbilisi typically spend from 15% to 34% of their total monthly expenditure on housing with 26% being the average. The average spend on housing is 2,100 GEL with expenditure ranging from 160 GEL to 21,000 GEL. This cost mainly goes for rent but it also includes other accommodation-related expenses. Housing costs are highest for families and lowest for students as expected.
Utilities, Electricity, Water7%
7% of total expenses on average (4% to 11%)
| LOW | $10 27 GEL |
| AVERAGE | $130 340 GEL |
| HIGH | $1,300 3,400 GEL |
| Per Month |
Utility expenditure like electricity, water, and gas in Tbilisi ranges from 4% to 11% of total expenses with 7% being the average. The average monthly cost of utilities is 340 GEL with 27 GEL and 3,400 GEL being the upper and lower limits.
Transport, Fuel, Commute8%
8% of total expenses on average (4% to 12%)
| LOW | $20 53 GEL |
| AVERAGE | $260 690 GEL |
| HIGH | $2,600 6,900 GEL |
| Per Month |
Fuel consumption and cost of transport depend heavily on whether you live near your work or school, but roughly speaking you would expect to spend from 53 GEL to 6,900 GEL on commuting with 690 GEL being the norm for most people in one month. This means that money spent on transport constitutes about 8% of total spending on average but can go as low as 4% or as high as 12%.
Food and Groceries Cost27%
27% of total expenses on average (19% to 33%)
| LOW | $50 130 GEL |
| AVERAGE | $650 1,700 GEL |
| HIGH | $6,500 17,000 GEL |
| Per Month |
The average outlay on groceries in a month in Tbilisi is 1,700 GEL. The cost of groceries can range between 130 GEL to 17,000 GEL. People spend on average about 27% on food and groceries with upper and lower bounds of 19% and 33% respectively.
Healthcare and Medical Services9%
9% of total expenses on average (4% to 12%)
| LOW | $14 37 GEL |
| AVERAGE | $180 480 GEL |
| HIGH | $1,800 4,800 GEL |
| Per Month |
People in Tbilisi allocate 4% to 12% of their total monthly expenditure to healthcare including health insurance and out-of-pocket medical expenses. The average spending is around 9%. The range of medical expenses range from 37 GEL to 4,800 GEL with 480 GEL being the norm.
Leisure and Shopping5%
5% of total expenses on average (3% to 9%)
| LOW | $8 21 GEL |
| AVERAGE | $100 280 GEL |
| HIGH | $1,000 2,800 GEL |
| Per Month |
This category mostly contains discretionary or non-essential expenses but also some non-discretionary spending like furniture for example. The monthly expenses range from 21 GEL to 2,800 GEL with 280 GEL being the average. Speaking of percentages, that equates to 3% to 9% of total expenses with an average of 5% for most residents.
Education and Schooling6%
6% of total expenses on average (4% to 12%)
| LOW | $12 32 GEL |
| AVERAGE | $160 410 GEL |
| HIGH | $1,600 4,100 GEL |
| Per Month |
Spending on education can vary drastically between different people. While working singles can spend 0% on education, families and students' expenditure can reach up to 22%. On average, education constitutes 6% of the monthly expenditure with 4% and 12% being the lower and upper bounds respectively. The average reported education cost is 410 GEL per month with 32 GEL being the minimum spent amount and 4,100 GEL being the maximum.
Other Expenses13%
13% of total expenses on average (8% to 20%)
| LOW | $26 69 GEL |
| AVERAGE | $340 900 GEL |
| HIGH | $3,400 9,000 GEL |
| Per Month |
How much money can you save in Tbilisi every month?
We asked thousands of people what percentage of their income can they save in a month. Below are the answers.
What percentage of people in Tbilisi manage to save money from their income every month?
Almost 76% of the surveyed people in Tbilisi said that they can save some money at the end of each month while 24% said that aren't saving anything.
Percentage of people saving money by population group in Tbilisi
| Group | Savers | Non Savers |
|---|
| Singles | 76% | 24% |
| Couples | 71% | 30% |
| Families | 65% | 35% |
Savings-to-Income Ratio
The savings-to-income ratio is measured as the percentage of income that people save over a specific period and it is simply calculated by dividing the saved money by total income and then multiplying the result by 100. (Savings / Income) x 100.
Saving to Income Ratio
Average Monthly Saved Amount
200 GEL
$77 | 2,700 GEL
$1,000 | 27,000 GEL
$10,000 |
For most people, 15% to 37% of their monthly income is what they can allocate to their savings, with 25% being the average. The amount of money that people can save is approximately 2,700 GEL on average with savings ranging from 200 GEL to 27,000 GEL.
76% of surveyed singles reported some of their income going to savings while 71% of couples said the same. 65% of families confirmed their ability to save money.
How much money do people actually save in Tbilisi?
The amount of money that people can afford to save depends hugely on their income. It is better to focus on the percentage when trying to understand saving patterns.
Singles
Saving to Income Ratio
Average Monthly Saved Amount
610 GEL
$230 | 1,800 GEL
$690 | 12,000 GEL
$4,600 |
Savings to income distribution levels for singles
| Saving To Income Ratio | % Singles |
|---|
| 0% - 10% | 30% |
| 10% - 20% | 24% |
| 20% - 30% | 16% |
| 30% - 40% | 15% |
| 40% - 50% | 11% |
| > 50% | 4% |
Interpretation and Analysis
Singles who can afford to save reported that they allocate from 18% to 39% of their monthly income to savings, with 29% being the average for most singles. The average amount of money that singles are able to save is 1,800 GEL with 610 GEL and 12,000 GEL being the minimum and maximum respectively.
Couples
Saving to Income Ratio
Average Monthly Saved Amount
1,000 GEL
$380 | 3,100 GEL
$1,200 | 16,000 GEL
$6,200 |
Savings to income distribution levels for couples
| Saving To Income Ratio | % Couples |
|---|
| 0% - 10% | 34% |
| 10% - 20% | 26% |
| 20% - 30% | 19% |
| 30% - 40% | 10% |
| 40% - 50% | 8% |
| > 50% | 3% |
Interpretation and Analysis
Couples who confirmed their ability to save reported saving equivalent to 16% to 38% of their monthly income, with 27% being the average for most couples. The average amount of money that couples can save is 3,100 GEL with 1,000 GEL and 16,000 GEL being the minimum and maximum respectively.
Families
Saving to Income Ratio
Average Monthly Saved Amount
1,400 GEL
$540 | 4,100 GEL
$1,500 | 22,000 GEL
$8,500 |
Savings to income distribution levels for families
| Saving To Income Ratio | % Families |
|---|
| 0% - 10% | 37% |
| 10% - 20% | 29% |
| 20% - 30% | 20% |
| 30% - 40% | 7% |
| 40% - 50% | 5% |
| > 50% | 2% |
Interpretation and Analysis
Families in Tbilisi can save anywhere between 14% to 34% of their monthly income, with 23% being the average for most families. The average amount of money that families can put aside is 4,100 GEL with 1,400 GEL and 22,000 GEL being the minimum and maximum respectively.
A typical and healthy budgeting structure
The 50/30/20 rule
Spending among different people can vary significantly based on factors such as their income, lifestyle,
location, and personal preferences. A commonly used guideline for budgeting is the 50/30/20 rule,
which suggests allocating your income into three main categories in the following percentages.
50% for needs and financial obligations
This category includes essential expenses like housing, utilities, groceries, transportation, and healthcare.
30% for wants and discretionary spending
This category covers discretionary spending on non-essential items, such as dining out, entertainment, travel, and other lifestyle choices.
20% for savings and emergency fund
This is the percentage that must be allocated to savings, emergency funds, and retirement accounts.
About financial planning, money management, and household budgeting
The 50/30/20 rule is used as a general guideline but may not be the best choice for all people. There are in fact many budgeting plans out there like the 70/20/10 and the 60/20/20 rules, all claiming to be the best. More important than all of this is to establish financial discipline by creating a budget tailored to your specific financial goals and situation. It is very important that your financial outflow be less than your income to maintain a healthy cash flow.
Affordable living in Tbilisi
Income and cost of living compatibility
We asked residents one simple question and recorded their answers.
Is it affordable or economical to live in Tbilisi?
Around 80% of surveyed residents think that living in Tbilisi is affordable with proper budgeting while 20% reported that it is just too expensive and not affordable even with frugality and thriftness.
Low-cost alternatives in Tbilisi
People are always looking for ways to cut down expenses and reduce expenditures. The hallmark of any affordable place is the availability of discount stores, bargain deals, smart or secondhand shopping, refurbished items, and couponing. We asked residents how easily cost-cutting is and the answers were distributed as follows:
Plenty of low-cost options67%
Few low-cost options33%
Based on the survey, 67% of the people living in Tbilisi have no problem finding low-cost alternatives to support a frugal lifestyle while 33% think that thriftness is difficult due to scarcity in discount markets and secondhand outlets.
Emergency Funds
An emergency fund is a financial safety net comprised of easily accessible savings set aside to cover unexpected expenses or financial emergencies, typically amounting to three to six months' worth of living expenses. We asked residents of Tbilisi whether they have an emergency fund and the answers were as follows.
Yes80%
No20%
Based on the survey, 20% of the people living in Tbilisi said that they don't have an emergency fund while 80% said that they do.
Financial Literacy in Georgia
Financial literacy is the knowledge of concepts and principles related to personal finance that allow individuals to make informed decisions regarding their money such as budgeting, saving, investing, borrowing, managing debt, financial risk management, and planning.
Financial Leteracy69%
We asked residents of Georgia whether they acquired any adequate personal financial training in their lives. Approximately 31% of the people who participated in the survey said that they are not well informed about the topics of budgeting, saving, etc., and just manage things based on their own experience, while 69% said that they know about the general principles of personal finance from sources other than their own experience.
Difficulty in Budgeting and Financial Planning
We wanted to understand whether residents of Georgia have problems or difficulties in managing their expenditures and savings so asked the people one simple question: do you struggle with your personal finances? 21% of the participants reported that they indeed struggle in creating budgets and in organizing their finances while 79% said that they have everything under control.
Struggles with finance21%
Easily manages finances79%
Financial goals of people in Tbilisi
In an attempt to understand the economic situation in Tbilisi, we asked participants about their financial targets. By knowing what the population in general is trying to achieve, we can shed light on the economic outlook, cost of living, and quality of life in general.
| Financial Goal | % People |
|---|
| Emergency Fund | 7% |
| Debt Reduction | 36% |
| Retirement Savings | 9% |
| Education Funding | 8% |
| Homeownership | 17% |
| Investing | 8% |
| Travel or Lifestyle | 9% |
| Healthcare Expenses | 11% |
| Financial Independence | 7% |
Around 7% of those who participated in the survey said that their main goal is to establish an emergency fund to cover unexpected expenses while 36% said their number one priority is to pay off high-interest debt or loans and improve credit. 9% of surveyed people confirmed that saving for retirement to ensure a comfortable lifestyle in the final years is their main target. Around 8% reported that their priority is saving for the tuition fees and education costs of their children while 17% choose to buy a home or pay off existing mortgage before other things. 8% of the population would like to build wealth through investments such as stocks, bonds, mutual funds, or real estate. For 9% of people, saving for vacations or upgrading their lifestyle is the number one concern. Approximately 11% of the residents said that saving for healthcare expenses including insurance premiums is their main goal.
Saving Challenges in Tbilisi
Reasons that make it difficult for people to save money
We wanted to understand what is stopping people from maximizing their savings in Tbilisi. Listed below are the answers given by the survey participants.
| Reason | % People |
|---|
| Low Income | 6% |
| High Expenses | 9% |
| Debt and Loans | 16% |
| Lack of Budgeting Skills | 11% |
| Impulsive Spending | 10% |
| Financial Emergencies | 6% |
| Living the moment | 6% |
| Will do it later | 18% |
| Inflation | 12% |
| Social Pressure | 3% |
| Market Instability | 3% |
Around 6% of the people said that their salary is too low to accommodate a portion for savings while 9% said that the high cost of living leaves little room for savings. 16% of the residents said that they are burdened with debt and find it challenging to save money. 11% reported that they just don't have the knowledge or discipline to create and stick to a budget, leading to overspending and an inability to save. 10% blamed impulsive spending as the reason for saving inability. Around 6% said that unexpected expenses like medical bills or car repairs are derailing their savings goals. 6% bluntly said that they don't see the purpose of it and prefer to live each day to the fullest. 18% reported that they understand the value of saving but are putting off saving for the future, thinking they have plenty of time to start later. 12% blamed inflation, saying that every time they save some money they end up using it immediately. A surprising 3% said that social pressure and keeping up with peers or societal expectations makes them overspend. Lastly, 3% blamed market instability and price fluctuations.
Typical saving choices for people in Tbilisi
Where do people choose to put their savings?
| Saving Type | % People |
|---|
| Emergency Funds | 11% |
| Gold | 11% |
| Savings Accounts | 17% |
| Retirement Accounts | 11% |
| Cash Savings | 18% |
| Real Estate | 10% |
| Investment | 6% |
| Stocks | 5% |
| Bonds | 6% |
| Mutual Funds | 3% |
| Certificates of Deposit | 3% |
Retirement, pension plans, and life after work in Tbilisi
What does the retirement lifestyle look like in Tbilisi and how much retirement savings are required?
Retirement age
The retirement age for most employees in Georgia is 65 years. Specific retirement ages can vary based on factors like occupation, gender, years of contribution, and location. It is not entirely unlikely for people to retire either before or after this age.
Retirement planning and savings
There are many retirement saving options, some are personally initiated and others are government-sponsered. Regardless of the source of savings, the minimum amount of money that needs to be put aside to ensure a peaceful and comfortable retirement at each age can be found in the table below. This data is largely approximated and can vary drastically based on individual needs and situations. Treat these figures as a general guideline.
The typical saved amount of money you should have at every age as multiples of monthly salary:| Age | Amount |
|---|
| 25 | 5x monthly salary at age 25 |
| 30 | 10x monthly salary at age 30 |
| 35 | 15x monthly salary at age 35 |
| 40 | 25x monthly salary at age 40 |
| 45 | 32x monthly salary at age 45 |
| 50 | 48x monthly salary at age 50 |
| 55 | 56x monthly salary at age 55 |
| 60 | 64x monthly salary at age 60 |
| 65 | 78x monthly salary at age 65 |
The typical average saved amount of money you should have at every age in Tbilisi:| Age | Amount |
|---|
| 25 | 19,000 GEL |
| 30 | 38,000 GEL |
| 35 | 67,000 GEL |
| 40 | 95,000 GEL |
| 45 | 140,000 GEL |
| 50 | 200,000 GEL |
| 55 | 240,000 GEL |
| 60 | 300,000 GEL |
| 65 | 350,000 GEL |
Retirement Income Distribution
We asked residents of Tbilisi about their retirement income sources and below are the results.
| Source | % People |
|---|
| Pensions | 13% |
| Savings | 22% |
| Investments | 13% |
| Social Security | 8% |
| Annuities | 8% |
| Part-time Job | 12% |
| Real Estate | 17% |
| Dividends and Interest | 8% |
Retirement Monthly Expenses in Tbilisi 1,200 GEL
$430 | 3,500 GEL
$1,300 | 23,000 GEL
$8,700 |
Debt, loans, and mortgages in Tbilisi
Percentage of people who are in debt
According to the survey, 24% of the people in Tbilisi have some kind of debt, loan, mortgage, or credit card payments while 76% reported that they don't have financial obligations to banks.
Debt-to-income ratio in Tbilisi
Debt to income ratio
29%
18% to 39%
( monthly debt payment / monthly income ) x 100
Interpretation
The debt-to-income ratio measures the percentage of income being paid as debt settlement across the population. It is calculated by dividing the monthly debt settlement payment of an individual by their monthly income. Based on collected data, approximately 29% of the people's monthly income in Tbilisi goes to debt settlement.
Debt levelsMonthly debt settlement payment as percentage of monthly income
| Debt-to-income ratio | % People |
|---|
| > 60% | 3% |
| 50% - 60% | 14% |
| 40% - 50% | 12% |
| 30% - 40% | 14% |
| 20% - 30% | 13% |
| 10% - 20% | 16% |
| 0% - 10% | 27% |
According to our data, 3% of the debtors in Tbilisi pay 60%+ of their income as debt settlement while 14% of the people pay 50% to 60% of their income for the same, which is quite an alarming financial situation for those individuals. 12% of people in debt dedicate 40% to 50% of their income to loan and mortgage payments while 14% dedicated 30% to 40% of income for same. Things are looking brighter for 13% of individuals as they only pay 20% to 30% of their income for loan and credit card repayment.
Distribution by type of debt in Tbilisi
| Debt | % People |
|---|
| Real Estate Mortgage | 11% |
| Auto Loan | 20% |
| Student Loan | 3% |
| Credit Card | 27% |
| Personal Loan | 39% |
11% of debtors in Tbilisi confirm that real estate mortgages constitutes the main part of their outstanding debt while 27% say that credit card payments are the reason they are in debt. Auto loans were the main type of debt for 20% of people and personal loans rose at 39%. Lastly, student loans are the main source of debt for 3% of debtors in Tbilisi.
About credit score and debt managementManaging debt is a critical aspect of maintaining a favorable credit score. Debt reduction is the first thing you should do improve your financial situation. Getting rid of debt takes precedence over saving money because of interest rates.
Good debt vs. Bad debt
Not all debt is bad. Good debt typically refers to borrowing money for investments that can increase in value or generate income over time like purchasing a home or acquiring student loans. On the other hand, bad debt involves borrowing for things that fail to generate lasting value like high-interest credit card debt used for non-essential expenses like luxury items or vacations.
Loan Affordability Index in Tbilisi
Besides measuring the loan-to-income ratio, we asked residents of Tbilisi how many times in a year they defaulted or were unable to pay their due credit card or loan payments on time. Understanding how often people default on their due payments is one of the indicators of the cost of living and economic situation.
Frequency and percentage of people who failed to pay their monthly credit card or loan payments on time last year.
| Frequency | % People |
|---|
| Never | 53% |
| Once a year | 23% |
| Twice a year | 12% |
| Three times a year | 8% |
| Four times a year | 4% |
Housing costs, accommodation, and housing affordability in Tbilisi
Rental costs and house/apartment prices can vary drastically between different areas and locations.
Rent Cost in Tbilisi
Monthly Rent Prices
Studio apartment | 610 GEL | 920 GEL | 2,400 GEL |
1-bedroom apartment | 920 GEL | 1,500 GEL | 3,700 GEL |
2-bedroom apartment | 1,200 GEL | 1,800 GEL | 4,900 GEL |
3-bedroom apartment | 1,500 GEL | 2,400 GEL | 6,700 GEL |
Furnished apartment | 2,900 GEL | 7,300 GEL | 15,000 GEL |
Townhouse | 2,400 GEL | 3,700 GEL | 10,000 GEL |
House | 2,900 GEL | 7,300 GEL | 15,000 GEL |
Villa | 3,700 GEL | 9,200 GEL | 15,000 GEL |
The monthly rental cost of a studio apartment in Tbilisi ranges between 610 GEL and 2,400 GEL, meanwhile the cost of monthly rental of a one-bedroom apartment can be anywhere from 920 GEL to 3,700 GEL. Two-bedroom rentals rate ranges between 1,200 GEL and 4,900 GEL per month. The monthly rental for a three-bedroom apartment ranges from 1,500 GEL to 6,700 GEL. The average rent of a townhouse in Tbilisi is around 3,700 GEL while house rental costs can be as high as 7,300 GEL per month. Finally, if you want to rent a villa, expect to pay anywhere from 3,700 GEL to 15,000 GEL per month.
Apartment and house prices in Tbilisi
Cost of buying a property
Studio apartment | 120,000 GEL | 180,000 GEL | 370,000 GEL |
1-bedroom apartment | 150,000 GEL | 240,000 GEL | 920,000 GEL |
2-bedroom apartment | 240,000 GEL | 730,000 GEL | 1.5M GEL |
| $92,000 | $280,000 | $550,000 |
3-bedroom apartment | 820,000 GEL | 1.2M GEL | 3.7M GEL |
Townhouse
House | 1.2M GEL | 7.3M GEL | 10M GEL |
Villa | 1.5M GEL | 8.2M GEL | 12M GEL |
The average price of a studio apartment in Tbilisi can range from 120,000 GEL to 370,000 GEL depending on location. One bedroom cost can be anywhere from 150,000 GEL to 920,000 GEL. A villa can cost you 8.2M GEL on average with prices ranging from 1.5M GEL to 12M GEL.
If you're leasing or purchasing, housing costs in Tbilisi will probably constitute your biggest expenditure, yet it's an area where you wield considerable influence. This is due to the substantial variance in housing prices across communities. Keep in mind the location of your workplace and the accessibility of essential amenities to prevent negating the savings from lower rental rates with increased transportation expenses.
House / apartment prices to income ratio
Property price to income ratio( average property price / average monthly income ) x 100
| 49 | x144 monthly income | 239 |
Property prices in Tbilisi can be x144 to x239 multiples of the monthly income depending on the property and the income of the person. On average, property prices are approximately x144 multiples of the average monthly salary in Tbilisi.
Rent to income ratio
Rent to income ratio( monthly rental / monthly income ) x 100
The average rent-to-income ratio in Tbilisi is around 36%. This means that people pay 36% of their income for rent. Those figures can range from 25% to 47% depending on the salary, location, and type of property.
The housing-to-income ratio is a very important metric to evaluate and measure how affordable living is in a particular area, city, or country since housing comprises the biggest chunk of expenditure. A higher housing to income ratio means that the place is relatively expensive. The figure by itself does tell much. It only starts to make sense when comparing the housing to income ratio across different locations.
Housing affordability index
The housing affordability index measures how affordable accommodation is in a particular place. This can measured in multiple ways, the most common being housing expenditure to total expenditure ratio and the rent to income ratio. The housing expenditure ratio is a figure reported by individuals on the percentage they allocate for housing. Rent to income ratio is calculated by dividing the average monthly rent by the average income. Because these values are both percentages, we can find their average and get the best of the two worlds.
Housing Affordability Index
33% Property Taxes
Real estate owners pay property taxes to local tax authorities, which are determined by the assessed value of their property. Typically, these taxes are paid once a year. Property tax funds contribute to community development, financing infrastructure improvements, public services, and local education initiatives.
Home Maintenance Costs
Home maintenance costs encompass various expenses associated with the upkeep and repair of a residence. These expenditures include regular tasks such as lawn care, pest control, and HVAC system servicing, as well as occasional repairs and renovations like fixing leaks, painting, or replacing appliances.
Urban vs. rural living costs
Urban living typically entails higher housing and transportation costs due to demand and limited space, while rural areas generally offer lower housing expenses but may have higher prices for goods and services. The differnce in rental rates between urban areas and rural areas can be as high as 300% in some cases.
SingleSpending habits, consumption analysis, and expenditure patterns for a single person living in Tbilisi
Housing32%
32% of total expenses on average (20% to 44%)
| LOW | $220 570 GEL |
| AVERAGE | $650 1,700 GEL |
| HIGH | $4,300 11,000 GEL |
| Per Month |
Utilities, Electricity, Water8%
8% of total expenses on average (4% to 13%)
| LOW | $36 95 GEL |
| AVERAGE | $110 290 GEL |
| HIGH | $720 1,900 GEL |
| Per Month |
Transport, Fuel6%
6% of total expenses on average (4% to 12%)
| LOW | $48 130 GEL |
| AVERAGE | $140 380 GEL |
| HIGH | $960 2,500 GEL |
| Per Month |
Food and Groceries18%
18% of total expenses on average (12% to 23%)
| LOW | $96 250 GEL |
| AVERAGE | $290 760 GEL |
| HIGH | $1,900 5,100 GEL |
| Per Month |
Healthcare11%
11% of total expenses on average (5% to 15%)
| LOW | $54 140 GEL |
| AVERAGE | $160 430 GEL |
| HIGH | $1,100 2,900 GEL |
| Per Month |
Leisure, Shopping3%
3% of total expenses on average (3% to 6%)
| LOW | $30 80 GEL |
| AVERAGE | $90 240 GEL |
| HIGH | $600 1,600 GEL |
| Per Month |
Education2%
2% of total expenses on average (1% to 4%)
| LOW | $12 32 GEL |
| AVERAGE | $36 95 GEL |
| HIGH | $240 640 GEL |
| Per Month |
Other Expenses21%
21% of total expenses on average (13% to 25%)
| LOW | $110 290 GEL |
| AVERAGE | $320 860 GEL |
| HIGH | $2,200 5,700 GEL |
| Per Month |
CoupleAverage monthly living expenditure breaks and spending patterns for couples in Tbilisi
Housing29%
29% of total expenses on average (22% to 39%)
| LOW | $330 880 GEL |
| AVERAGE | $990 2,600 GEL |
| HIGH | $5,300 14,000 GEL |
| Per Month |
Utilities, Electricity, Water7%
7% of total expenses on average (5% to 11%)
| LOW | $50 130 GEL |
| AVERAGE | $150 400 GEL |
| HIGH | $800 2,100 GEL |
| Per Month |
Transport, Fuel10%
10% of total expenses on average (4% to 15%)
| LOW | $120 320 GEL |
| AVERAGE | $360 950 GEL |
| HIGH | $1,900 5,100 GEL |
| Per Month |
Food and Groceries16%
16% of total expenses on average (11% to 21%)
| LOW | $140 370 GEL |
| AVERAGE | $420 1,100 GEL |
| HIGH | $2,200 5,900 GEL |
| Per Month |
Healthcare13%
13% of total expenses on average (7% to 17%)
| LOW | $110 290 GEL |
| AVERAGE | $330 880 GEL |
| HIGH | $1,800 4,700 GEL |
| Per Month |
Leisure, Shopping4%
4% of total expenses on average (2% to 7%)
| LOW | $60 160 GEL |
| AVERAGE | $180 480 GEL |
| HIGH | $960 2,500 GEL |
| Per Month |
Education2%
2% of total expenses on average (1% to 4%)
| LOW | $20 53 GEL |
| AVERAGE | $60 160 GEL |
| HIGH | $320 850 GEL |
| Per Month |
Other Expenses20%
20% of total expenses on average (14% to 26%)
| LOW | $170 450 GEL |
| AVERAGE | $510 1,400 GEL |
| HIGH | $2,700 7,200 GEL |
| Per Month |
FamilyAverage monthly expenses and break out of spending for families living in Tbilisi
Housing28%
28% of total expenses on average (23% to 38%)
| LOW | $450 1,200 GEL |
| AVERAGE | $1,300 3,400 GEL |
| HIGH | $7,000 19,000 GEL |
| Per Month |
Transport, Fuel6%
6% of total expenses on average (4% to 8%)
| LOW | $110 300 GEL |
| AVERAGE | $320 850 GEL |
| HIGH | $1,800 4,700 GEL |
| Per Month |
Food and Groceries20%
20% of total expenses on average (13% to 26%)
| LOW | $250 670 GEL |
| AVERAGE | $720 1,900 GEL |
| HIGH | $4,000 11,000 GEL |
| Per Month |
Healthcare10%
10% of total expenses on average (6% to 15%)
| LOW | $110 300 GEL |
| AVERAGE | $320 850 GEL |
| HIGH | $1,800 4,700 GEL |
| Per Month |
Leisure, Shopping3%
3% of total expenses on average (2% to 7%)
| LOW | $70 190 GEL |
| AVERAGE | $200 530 GEL |
| HIGH | $1,100 2,900 GEL |
| Per Month |
Education14%
14% of total expenses on average (7% to 22%)
| LOW | $200 520 GEL |
| AVERAGE | $560 1,500 GEL |
| HIGH | $3,100 8,200 GEL |
| Per Month |
Other Expenses15%
15% of total expenses on average (8% to 20%)
| LOW | $170 450 GEL |
| AVERAGE | $480 1,300 GEL |
| HIGH | $2,600 7,000 GEL |
| Per Month |
StudentCost of living and expenses break down for students living in Tbilisi
Housing20%
20% of total expenses on average (15% to 26%)
| LOW | $120 320 GEL |
| AVERAGE | $300 790 GEL |
| HIGH | $540 1,400 GEL |
| Per Month |
Utilities, Electricity, Water6%
6% of total expenses on average (4% to 10%)
| LOW | $20 53 GEL |
| AVERAGE | $50 130 GEL |
| HIGH | $90 240 GEL |
| Per Month |
Transport, Fuel5%
5% of total expenses on average (5% to 11%)
| LOW | $35 93 GEL |
| AVERAGE | $87 230 GEL |
| HIGH | $160 420 GEL |
| Per Month |
Food and Groceries22%
22% of total expenses on average (16% to 26%)
| LOW | $100 260 GEL |
| AVERAGE | $250 660 GEL |
| HIGH | $450 1,200 GEL |
| Per Month |
Healthcare8%
8% of total expenses on average (5% to 11%)
| LOW | $30 79 GEL |
| AVERAGE | $75 200 GEL |
| HIGH | $130 360 GEL |
| Per Month |
Leisure, Shopping3%
3% of total expenses on average (2% to 7%)
| LOW | $25 66 GEL |
| AVERAGE | $62 170 GEL |
| HIGH | $110 300 GEL |
| Per Month |
Education19%
19% of total expenses on average (12% to 24%)
| LOW | $95 250 GEL |
| AVERAGE | $240 630 GEL |
| HIGH | $430 1,100 GEL |
| Per Month |
Other Expenses18%
18% of total expenses on average (12% to 24%)
| LOW | $75 200 GEL |
| AVERAGE | $190 500 GEL |
| HIGH | $340 890 GEL |
| Per Month |
