What is the minimum cost of living in Georgia?

The minimum subsistence level for a working age male in October 2016 was 160 GEL. Photo by N. Alavidze/Agenda.ge.
Agenda.ge, 15 Nov 2016 - 16:36, Tbilisi,Georgia

The minimum subsistence level for a working age male in October 2016 was 160 GEL (about $64/€60*), said the National Statistics Office of Georgia (Geostat) in its latest data published today.

The minimum subsistence level is calculated based on the minimum cost of items in the food basket, defined by Georgian law since 2004. The indicator did not include monthly mortgage or rent costs, or utility bills.

For the average consumer, the minimum subsistence level was 141.8 GEL in October, while an average family needed at least 268.5 GEL to survive.

Interested in how much does the average Georgian family spend per year? Read the full story here.

As for households, the minimum amount of money needed was:

  • For a one-person household – 141.8 GEL
  • For a two-person household – 226.8 GEL
  • For a three-person household – 255.2 GEL
  • For a four-person household – 283.5 GEL
  • For a five-person household – 319 GEL
  • For a six or more person household – 377.1 GEL

The minimum amount of money person needed to survive in Georgia has increased slightly over the past three months of 2016.

Meanwhile, prices of some basic foods, clothing and footwear and also health-related costs rose in October, showed latest inflation data by the National Statistics Office of Georgia (Geostat).

Last month prices were substantially higher for:

  • Sugar, jam, honey, chocolate and confectionery (5.3 percent)
  • Milk, cheese and eggs (3 percent)
  • Vegetables (1.8 percent)
  • Food and non-alcoholic beverages (0.7 percent)

*Currencies are equivalent with the latest National Bank of Georgia exchange rate.