The cost of living in Georgia is significantly lower compared to European and Western countries. In major cities like Tbilisi, rental costs, grocery shopping, and restaurant services are noticeably cheaper than the global average. Georgia’s unique geographical location makes it a popular destination for tourism, migration, and investment. If you’re looking for more information about the average cost of living in Georgia, this article is a must-read.
The average cost of living in Georgia, including property expenses
Buy property in Georgia is a significant expense for individuals. Tbilisi and Batumi are the most populous cities in the country. To make the best choice based on your budget, we recommend reading the article on the most expensive and most affordable neighborhoods to purchase in Georgia. Generally, property prices in Georgia are much cheaper compared to many European countries, which has attracted immigrants and investors from around the world.
Cost of Living in Tbilisi
Tbilisi, the capital city of Georgia, is the largest city in the country and is home to a significant portion of the population, including immigrants and investors. Naturally, the cost of living in Tbilisi is higher compared to other cities due to its greater importance. However, even when comparing the cost of living in Georgia based on Tbilisi, it remains much cheaper than European countries.
The cost of living in Tbilisi varies based on individual lifestyle and preferences. As a general estimate, a couple’s monthly living expenses, excluding rent, would be around 1,000 Lari. Including monthly housing rent, it would be around 2,000 Lari. This estimate provides a relatively decent standard of living, and with a higher income, the quality of life naturally improves. Tbilisi offers numerous recreational and welfare facilities, allowing for a high-quality life with a good income.
Cost of Living in Batumi
Batumi, an important city in Georgia situated on the coast of the Black Sea, is a favored destination for tourists, immigrants, and investors. The cost of living in Batumi is similar to Tbilisi, with prices being relatively equal. However, when it comes to property prices for buying or renting, Batumi is cheaper than Tbilisi. On the other hand, expenses related to food, transportation, and other necessities are comparable to those in Tbilisi. The price of purchasing property in Batumi starts from around $1,000 per square meter, while rental prices begin at approximately $250. These prices depend on various factors such as location, property type, building type, and other considerations. The closer the property is to the coastline, the higher the price for both purchase and rental. Reading our article comparing apartment prices in Tbilisi and Batumi can help you gain a better understanding of the cost of living differences between these two cities.
Cost of Living in Other Cities in Georgia
Kutaisi, Zugdidi, Poti, Rustavi, Goris, Borjomi, Bakuriani, Sighnaghi, Gudauri, and Sukhumi are other cities in Georgia where you can choose to live. Naturally, the cost of living in these cities is lower due to more affordable property prices for buying or renting, as well as lower public transportation costs such as taxis. Additionally, expenses related to food and groceries are lower due to the presence of local markets, and other costs such as utility bills and construction expenses are also more affordable.
Cost of Legal Procedures for Foreign Citizens
If you are a foreign national planning to migrate to Georgia, there are costs associated with legal procedures. For instance, if you purchase property, you will need to pay fees for document issuance, evaluation, etc. Moreover, if you plan to renovate the property or make any changes, you should consider the associated costs. The cost of renovating an apartment unit in Tbilisi starts at around $350 per square meter and may vary depending on the materials and fixtures used.
If you intend to obtain residency, you will need to cover the necessary legal fees based on your desired residency method. You can find all the relevant costs on the residence in Georgia article. Additionally, if you plan to reside in Georgia and start a business, you will need to register a company. Information about the cost of company registration in Georgia and other related details can be found on the respective article. If you have school-age children or you are studying at a university, you should consider expenses related to education, including tuition fees, transportation costs, and other miscellaneous expenses.
Conclusion
In general, the cost of living in Georgia, even in Tbilisi, which is the largest city in the country, is lower compared to other European countries. Therefore, if you have plans to migrate to Georgia, it is good to know that living in this country is cost-effective. If you have a relatively good income from your home country or in Georgia, you can afford a good quality of life in Georgia.
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