Cost of living in Armenia compared to Panama
Currency:
| Food | - 38% | |||
|---|---|---|---|---|
| Food in Armenia is 38% cheaper than in Panama | ||||
| Armenia | Panama | Diff | ||
| Basic lunchtime menu (including a drink) in the business district | 2,486Dram (6 B/.) | 14 B/. | - 55% | |
| Combo meal in fast food restaurant (big mac meal or similar) | 2,330Dram (5.89 B/.) | 8 B/. | - 22% | |
| 500 gr (1 lb.) of boneless chicken breast | 1,507Dram (3.81 B/.) | 3.91 B/. | - 3% | |
| 1 liter (1 qt.) of whole fat milk | 645Dram (1.63 B/.) | 1.63 B/. | + 0% | |
| 12 eggs, large | 797Dram (2.01 B/.) | 2.85 B/. | - 29% | |
| 1 kg (2 lb.) of tomatoes | 549Dram (1.39 B/.) | 2.07 B/. | - 33% | |
| 500 gr (16 oz.) of local cheese | 1,541Dram (3.89 B/.) | 7 B/. | - 46% | |
| 1 kg (2 lb.) of apples | 482Dram (1.22 B/.) | 2.55 B/. | - 52% | |
| 1 kg (2 lb.) of potatoes | 376Dram (0.95 B/.) | 1.96 B/. | - 52% | |
| 0.5 l (16 oz) domestic beer in the supermarket | 469Dram (1.19 B/.) | 1.51 B/. | - 22% | |
| 1 bottle of red table wine, good quality | 3,116Dram (8 B/.) | 13 B/. | - 41% | |
| 2 liters of coca-cola | 761Dram (1.92 B/.) | 2.44 B/. | - 21% | |
| Bread for 2 people for 1 day | 223Dram (0.56 B/.) | 1.61 B/. | - 65% | |
| Housing | - 0% | |||
| Housing in Armenia is about the same as in Panama | ||||
| Armenia | Panama | Diff | ||
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in expensive area | 531,126Dram (1,342 B/.) | 1,273 B/. | + 5% | |
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in normal area | 495,017Dram (1,251 B/.) | 852 B/. | + 47% | |
| Utilities 1 month (heating, electricity, gas ...) for 2 people in 85m2 flat | 76,231Dram (193 B/.) | 127 B/. | + 51% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in expensive area | 384,593Dram (972 B/.) | 908 B/. | + 7% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in normal area | 187,011Dram (473 B/.) | 556 B/. | - 15% | |
| Utilities 1 month (heating, electricity, gas ...) for 1 person in 45 m2 (480 sqft) studio | 20,676Dram (52 B/.) | 78 B/. | - 33% | |
| Internet 8 mbps (1 month) | 6,535Dram (17 B/.) | 46 B/. | - 64% | |
| 40” flat screen tv | 231,644Dram (585 B/.) | 340 B/. | + 72% | |
| Microwave 800/900 watt (bosch, panasonic, lg, sharp, or equivalent brands) | 63,167Dram (160 B/.) | 106 B/. | + 50% | |
| Laundry detergent (3 l. ~ 100 oz.) | 7,937Dram (20 B/.) | 8 B/. | + 140% | |
| Hourly rate for cleaning help | 6,331Dram (16 B/.) | 15 B/. | + 5% | |
| Clothes | + 128% | |||
| Clothes in Armenia is 128% more expensive than in Panama | ||||
| Armenia | Panama | Diff | ||
| 1 pair of jeans (levis 501 or similar) | 50,705Dram (128 B/.) | 48 B/. | + 168% | |
| 1 summer dress in a high street store (zara, h&m or similar retailers) | 26,060Dram (66 B/.) | 26 B/. | + 152% | |
| 1 pair of sport shoes (nike, adidas, or equivalent brands) | 51,074Dram (129 B/.) | 79 B/. | + 64% | |
| 1 pair of men’s leather business shoes | 50,000Dram (126 B/.) | 83 B/. | + 51% | |
| Transportation | - 17% | |||
| Transportation in Armenia is 17% cheaper than in Panama | ||||
| Armenia | Panama | Diff | ||
| Volkswagen golf 1.4 tsi 150 cv (or equivalent), with no extras, new | 2,000,000Dram (5,054 B/.) | 22,433 B/. | - 77% | |
| 1 liter (1/4 gallon) of gas | 489Dram (1.24 B/.) | 1.29 B/. | - 4% | |
| Monthly ticket public transport | 17,671Dram (45 B/.) | 42 B/. | + 7% | |
| Personal Care | - 46% | |||
| Personal Care in Armenia is 46% cheaper than in Panama | ||||
| Armenia | Panama | Diff | ||
| Cold medicine for 6 days (tylenol, frenadol, coldrex, or equivalent brands) | 447Dram (1.13 B/.) | 8 B/. | - 87% | |
| 1 box of antibiotics (12 doses) | 4,000Dram (10 B/.) | 32 B/. | - 69% | |
| Short visit to private doctor (15 minutes) | 10,884Dram (28 B/.) | 62 B/. | - 56% | |
| 1 box of 32 tampons (tampax, ob, ...) | 2,000Dram (5.05 B/.) | 9 B/. | - 43% | |
| Deodorant, roll-on (50ml ~ 1.5 oz.) | 2,500Dram (6 B/.) | 5.05 B/. | + 25% | |
| Hair shampoo 2-in-1 (400 ml ~ 12 oz.) | 1,250Dram (3.16 B/.) | 7 B/. | - 55% | |
| 4 rolls of toilet paper | 780Dram (1.97 B/.) | 3.79 B/. | - 48% | |
| Tube of toothpaste | 1,194Dram (3.02 B/.) | 3.38 B/. | - 11% | |
| Standard men's haircut in expat area of the city | 3,587Dram (9 B/.) | 19 B/. | - 52% | |
| Entertainment | + 9% | |||
| Entertainment in Armenia is 9% more expensive than in Panama | ||||
| Armenia | Panama | Diff | ||
| Basic dinner out for two in neighborhood pub | 7,680Dram (19 B/.) | 29 B/. | - 33% | |
| 2 tickets to the movies | 3,469Dram (9 B/.) | 13 B/. | - 30% | |
| 2 tickets to the theater (best available seats) | 13,367Dram (34 B/.) | 55 B/. | - 39% | |
| Dinner for two at an italian restaurant in the expat area including appetisers, main course, wine and dessert | 35,217Dram (89 B/.) | 47 B/. | + 88% | |
| 1 cocktail drink in downtown club | 7,295Dram (18 B/.) | 8 B/. | + 118% | |
| Cappuccino in expat area of the city | 1,756Dram (4.44 B/.) | 5.69 B/. | - 22% | |
| 1 beer in neighbourhood pub (500ml or 1pt.) | 860Dram (2.17 B/.) | 2.75 B/. | - 21% | |
| Ipad wi-fi 128gb | 450,000Dram (1,137 B/.) | 651 B/. | + 75% | |
| 1 min. of prepaid mobile tariff (no discounts or plans) | 20Dram (0.05 B/.) | 0.22 B/. | - 77% | |
| 1 month of gym membership in business district | 21,565Dram (54 B/.) | 47 B/. | + 15% | |
| 1 package of marlboro cigarettes | 892Dram (2.25 B/.) | 5.66 B/. | - 60% | |
| TOTAL | - 12% | |||
WARNING! This comparison is based on only a few data points. At this point it is only a guess. It is based on 955 prices entered by 103 different people.
These prices were last updated on January 22, 2023.
Exchange rate:
0.00253
PAB
/
AMD
Cost of living in Armenia is 12% cheaper than in Panama
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