Prices in Georgia

Welcome to our detailed overview of the economic situation in Georgia in 2024. Understanding the cost of living in this magnificent country is useful not only for potential immigrants, but also for tourists looking for new unique places to visit. In this article, we will cover various aspects of life in Georgia, including currency and banking services, housing costs, utilities, food, transportation, communications and Internet, health and medicine, sports and leisure, shopping and clothing, education, as well as tourism and entertainment.

Please note that the information in this article is based on average prices and may vary depending on the specific region and time of year.

Currency and banking services

The official currency of Georgia is the lari (GEL). This is important to take into account when planning a budget for a stay or move to this country. Currency exchange can be carried out in numerous banks, exchange offices or ATMs located throughout the country. At the time of writing, the exchange rate of the US dollar to lari is approximately 3.1 GEL. It is worth noting that the currency exchange rate may vary slightly, so it is recommended to check the rates in several places to get the best possible exchange.

The banking system in Georgia is well developed and modern. Most banks offer a wide range of services, including online banking and mobile apps, which provides convenience and flexibility for their customers. ATMs are available in most cities and even in some rural areas, allowing easy access to cash at any time. The average commission for withdrawing money from ATMs is about 2-3 GEL.

In addition, electronic payment and money transfer services are widely available in Georgia, which makes financial management even easier and more convenient. Online banking allows customers to monitor their accounts, make transfers, and perform other banking operations from anywhere with an internet connection. The average cost of servicing an account in Georgian banks is from 5 to 10 GEL per month.

In general, the banking system of Georgia offers all the necessary services that may be required by both permanent residents and tourists, as well as ensures the reliability and security of all operations carried out.

Housing costs

Purchase and rental prices housing in Georgia vary depending on the city and neighborhood. In the capital Tbilisi, a one-bedroom apartment in the city center can cost between $48,000 and $64,000 (at an average exchange rate of 3.1 GEL to $1), while on the outskirts of the city prices start at $22,500. In other major cities such as Batumi and Kutaisi, real estate prices are usually lower.

As for rent, in Tbilisi, the cost of renting a one-room apartment in the city center varies from $ 225 to $ 320 per month, while on the outskirts of the city prices start from $ 100 per month. In Batumi and Kutaisi, rent will be cheaper-from $ 160 per month for an apartment in the city center.

Verita Kavtaradze

from $101 928

Georgia, Tbilisi, Saburtalo

Hisni

from $66 764

Georgia, Tbilisi, Isani.

Passage Gldani

from $51 516

Georgia, Tbilisi, Gldani

Gldani inn

from $50 402

Georgia, Tbilisi, Gldani

Aim Town

from $28 920

Georgia, Tbilisi, Gldani

Garden Side Gldani

from $47 151

Georgia, Tbilisi, Gldani

In general, prices for real estate in Georgia have shown an upward trend in recent years, although they are still affordable compared to many European countries. This makes Georgia attractive for real estate investments and for those who want to move to this beautiful country with rich culture and history.

Nevertheless, before buying or renting a real estate in Georgia it is advisable to do thorough research and consult with the estate or a lawyer to make sure all documents and circumstances are correct.

Public utilities

The average cost of utilities in Georgia, including electricity, water, gas and heating, is quite low compared to other countries. On average, for electricity, water and gas for a one-room apartment, you will have to pay approximately 70-100 GEL ($22-32) per month in summer and up to 200 GEL ($64) per month in winter, when heating is used.

Heating is mainly used in winter and often runs on gas. Some homes in rural areas use wood for heating, which may be cheaper but requires more labor. The cost of firewood varies, but averages about 150 GEL ($48) per cubic meter.

Water supply is stable in most cities, but may be intermittent in some rural areas. In these cases, residents often use wells or natural water sources. The cost of water is usually included in the total cost of utilities and rarely exceeds 20 GEL ($6) per month.

Thus, public services in Georgia are very affordable, which makes living here even more attractive for foreigners.

Food: Food and beverages

Food prices in Georgia are relatively low. On average, a family of three can spend about 400-500 GEL ($130-160) per month on groceries at the supermarket. Markets that sell fresh fruits, vegetables, and meat may have even lower prices.

Georgian cuisine is known for its variety and taste, and you can enjoy lunch in a typical Georgian restaurant for a very reasonable price. On average, a three-course meal at a mid-range restaurant will cost you 20-30 GEL ($6-10) per person. If you prefer simpler cafes or canteens, then lunch can be obtained for 10-15 GEL (3-5 dollars).

Popular Georgian drinks such as wine and chacha are also available at very reasonable prices. A bottle of high-quality Georgian wine in a supermarket can cost from 10 to 30 GEL ($3-10), while in restaurants prices are usually higher.

In general, food in Georgia is very affordable, which allows you to enjoy local cuisine without significant expenses.

Transport

The cost of public transport in Georgia is low. Tickets for city buses and minibuses cost only 0.5 GEL (about $ 0.16). This type of transport is the most popular among locals and tourists, as it allows you to quickly get to any part of the city.

Taxis are also available and relatively inexpensive. The cost of a taxi ride in the city usually ranges from 5 to 10 GEL ($1.6 - $ 3.2), depending on the distance. If you use taxi apps such as Bolt or Yandex, you can find out the cost of your trip in advance and not worry about overpaying.

Gasoline prices in Georgia are lower than in most European countries. The average cost of a liter of gasoline is about 2.5 GEL (about $ 0.8), which makes renting a car more attractive for those who prefer independent travel. The cost of renting a car starts from 50 GEL (about $ 16) per day.

Thus, transport in Georgia is very affordable, which makes it easy and comfortable to move around the cities and the country as a whole.

Communications and the Internet

Mobile phone and Internet rates in Georgia are quite low compared to many other countries. A basic mobile service package that includes calls, SMS, and the Internet usually costs about 10-15 GEL ($3.2- $ 4.8) per month. Unlimited home internet usually costs about 30 GEL ($9.6) per month.

Most cities and localities are well covered by mobile networks, and Internet access is provided almost everywhere. Wi-Fi is available in most cafes, restaurants and hotels, as well as in some public areas. In most cases, Wi-Fi is provided free of charge, although some establishments may charge a fee for using it.

Thus, communication and Internet services in Georgia are affordable and inexpensive, which makes it easy to stay connected and work remotely if necessary.

Public health and medicine

The cost of medical services in Georgia is very diverse. Public medicine offers basic services for a small fee or free of charge. For example, a visit to a doctor in a public clinic usually costs about 5 GEL ($1.6), and basic tests — from 10 to 20 GEL ($3.2-6.4).

Private clinics and hospitals offer a wider range of services at an additional cost. A visit to a doctor in a private clinic usually costs from 30 to 50 GEL ($9.6- $ 16), and the cost of tests and procedures can reach several hundred GEL.

The cost of health insurance for foreigners may vary depending on the coverage and age. On average, a health insurance policy covering basic medical services, including doctor consultations, tests, and emergency care, costs about 300-500 GEL ($96-160) per year.

Thus, medicine in Georgia is accessible and diverse, allowing everyone to choose the most suitable option for themselves.

Sports and leisure

Prices for gyms and fitness centers in Georgia are quite affordable. On average, a gym subscription will cost you 50-100 GEL ($16-32) per month, depending on the location and services offered. Many of them offer flexible passes that allow you to attend classes at a convenient time.

As for entertainment and cultural events, the cost of tickets to theaters, movies and museums is very reasonable. A movie ticket usually costs about 10-15 GEL ($3.2 - $ 4.8), and a theater or concert ticket costs from 20 to 50 GEL ($6.4 - $ 16), depending on the event.

Georgia is known for its rich cultural heritage, and you will have many opportunities to explore its history and culture. Admission to many museums and historical sites typically costs between 5 and 15 GEL ($1.6- $ 4.8), making them accessible to most visitors.

Thus, sports and leisure in Georgia offer many opportunities for active and interesting pastime at a reasonable price.

Shopping and clothing

Georgia offers a wide range of clothing and footwear stores, from budget to more expensive brands. On average, a pair of jeans costs about 50-100 GEL ($16-32), a T-shirt costs 20-30 GEL ($6.4- $ 9.6), and leather shoes cost from 100 to 200 GEL ($32-64). Prices here vary, but in general they are lower than in Western Europe.

Popular shopping centers such as" East Point "and" Tbilisi Mall " in Tbilisi offer a wide range of products from many brands. In addition, at local markets such as "Dry Bridge" in Tbilisi, you can find unique vintage items and handicrafts at very affordable prices.

It is also worth noting that many stores hold seasonal sales, during which you can buy products with discounts of up to 50% or even more. This makes shopping in Georgia even more attractive for visitors.

Education

The cost of studying in Georgian schools and universities is very affordable, especially compared to many other countries. Public schools offer free education to all citizens. Private schools charge fees that vary by institution, but average around 200-500 GEL ($64-160) per month.

Education at Georgian universities is also relatively inexpensive. The cost of studying for a bachelor's degree at a public university is usually from 1000 to 3000 GEL (320-960 dollars) per year, and at a private university-from 2000 to 5000 GEL (640-1600 dollars) per year.

Many universities offer programs in English, which makes them attractive to international students. The cost of such programs may be slightly higher, but they still remain affordable for most students.

Thus, education in Georgia offers high quality at a very reasonable price, which makes this country attractive for studying.

Tourism and entertainment

Georgia is a country with a rich cultural heritage and unique nature, which makes it a popular tourist destination. The cost of excursions and tourist activities is very reasonable.

A one-day group tour of the main attractions usually costs about 30-50 GEL ($9.6- $ 16), and an individual tour-from 100 GEL ($32) and above. Entrance tickets to most museums and historical sites usually cost between 5 and 15 GEL ($1.6- $ 4.8).

You can visit ancient cities such as Uplistsikhe and Mtskheta, enjoy magnificent views of the Caucasus Mountains, or relax on the Black Sea coast. Popular tourist destinations include cities such as Tbilisi, Batumi, Kutaisi and many others.

Thus, Georgia offers a wide range of tourism opportunities for all budgets, making it an ideal choice for those looking for unique and unforgettable trips.

Conclusion

In general, the cost of living in Georgia in 2024 is very affordable, which makes this country attractive both for tourists and for those who are considering moving. However, as in any country, there are certain expenses that should be considered when planning a visit or relocation.

If you are planning to move or stay in Georgia for a longer period of time, we recommend that you conduct a detailed study and preparation to make sure that you are fully aware of all possible expenses.

If you have any questions or need more information, do not hesitate to contact us.