You would need around USD 1,667 in Tbilisi to maintain the same standard of life that you can have with USD 1,762 in Baku and with USD 1,848 in Yerevan, assuming you rent in both cities.
With a 29.23 cost of living index, Georgian capital Tbilisi is the cheapest city as compared to Baku, Azerbaijan in which the index stands at 32.53 and Yerevan, Armenia – 33.4.
BMG has compared the indices of the cost of living in the three capitals of the Caucasus. The data has been provided by the online database numbeo.com.
Consumer prices in Tbilisi are 10.14% lower than in Baku and 12.48% lower than in Yerevan. As for the restaurant prices of Tbilisi, they are 13.18% less in Baku and 3.91% less in Yerevan. In comparison with Baku and Yerevan, Tbilisi is also cheaper in terms of grocery prices. The prices in the Georgian capital are 8.91% lower than in Azerbaijan’s capital and 5.85% lower than in Armenia’s one.
Rent price is the only index in which Tbilisi surpasses the two capitals of our research. Rent Prices in Tbilisi are 10.64% higher than in Baku and 4.41% higher than in Yerevan. More specifically, one-bedroom apartment rent in the city center of Tbilisi amounts to around USD 368.67, while in Baku - USD 343.45 and USD 373.09 in Yerevan.
Local Purchasing Power in Tbilisi is 6.41% lower than in Baku and 1.21% lower than in Yerevan.
