Cost of living in Armenia compared to Panama
Currency:
| Food | - 7% | |||
|---|---|---|---|---|
| Food in Armenia is 7% cheaper than in Panama | ||||
| Armenia | Panama | Diff | ||
| Basic lunchtime menu (including a drink) in the business district | 3,675Dram (9 B/.) | 13 B/. | - 30% | |
| Combo meal in fast food restaurant (big mac meal or similar) | 3,107Dram (8 B/.) | 7 B/. | + 13% | |
| 500 gr (1 lb.) of boneless chicken breast | 1,654Dram (4.18 B/.) | 3.56 B/. | + 17% | |
| 1 liter (1 qt.) of whole fat milk | 813Dram (2.05 B/.) | 1.78 B/. | + 16% | |
| 12 eggs, large | 1,367Dram (3.45 B/.) | 2.71 B/. | + 27% | |
| 1 kg (2 lb.) of tomatoes | 1,029Dram (2.60 B/.) | 2.36 B/. | + 10% | |
| 500 gr (16 oz.) of local cheese | 2,325Dram (5.87 B/.) | 6 B/. | - 9% | |
| 1 kg (2 lb.) of apples | 874Dram (2.21 B/.) | 1.97 B/. | + 12% | |
| 1 kg (2 lb.) of potatoes | 298Dram (0.75 B/.) | 2.79 B/. | - 73% | |
| 0.5 l (16 oz) domestic beer in the supermarket | 534Dram (1.35 B/.) | 1.26 B/. | + 7% | |
| 1 bottle of red table wine, good quality | 4,767Dram (12 B/.) | 10 B/. | + 21% | |
| 2 liters of coca-cola | 1,325Dram (3.35 B/.) | 2.56 B/. | + 31% | |
| Bread for 2 people for 1 day | 301Dram (0.76 B/.) | 1.67 B/. | - 55% | |
| Housing | - 4% | |||
| 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 | 559,257Dram (1,412 B/.) | 1,400 B/. | + 1% | |
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in normal area | 309,415Dram (781 B/.) | 951 B/. | - 18% | |
| Utilities 1 month (heating, electricity, gas ...) for 2 people in 85m2 flat | 38,038Dram (96 B/.) | 114 B/. | - 16% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in expensive area | 370,304Dram (935 B/.) | 933 B/. | + 0% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in normal area | 200,000Dram (505 B/.) | 651 B/. | - 22% | |
| Utilities 1 month (heating, electricity, gas ...) for 1 person in 45 m2 (480 sqft) studio | 17,686Dram (45 B/.) | 92 B/. | - 52% | |
| Internet 8 mbps (1 month) | 6,264Dram (16 B/.) | 36 B/. | - 57% | |
| 40” flat screen tv | - | 300 B/. | - | |
| Microwave 800/900 watt (bosch, panasonic, lg, sharp, or equivalent brands) | - | 113 B/. | - | |
| Laundry detergent (3 l. ~ 100 oz.) | 7,681Dram (19 B/.) | 29 B/. | - 34% | |
| Hourly rate for cleaning help | 12,500Dram (32 B/.) | 10 B/. | + 230% | |
| Clothes | + 10% | |||
| Clothes in Armenia is 10% more expensive than in Panama | ||||
| Armenia | Panama | Diff | ||
| 1 pair of jeans (levis 501 or similar) | 51,110Dram (129 B/.) | 64 B/. | + 101% | |
| 1 summer dress in a high street store (zara, h&m or similar retailers) | 22,183Dram (56 B/.) | 65 B/. | - 14% | |
| 1 pair of sport shoes (nike, adidas, or equivalent brands) | 55,047Dram (139 B/.) | 113 B/. | + 23% | |
| 1 pair of men’s leather business shoes | 50,000Dram (126 B/.) | 175 B/. | - 28% | |
| Transportation | + 3% | |||
| Transportation in Armenia is about the same as in Panama | ||||
| Armenia | Panama | Diff | ||
| Volkswagen golf 1.4 tsi 150 cv (or equivalent), with no extras, new | - | 26,529 B/. | - | |
| 1 liter (1/4 gallon) of gas | 540Dram (1.36 B/.) | 1.00 B/. | + 37% | |
| Monthly ticket public transport | 9,800Dram (25 B/.) | 26 B/. | - 6% | |
| Personal Care | - 44% | |||
| Personal Care in Armenia is 44% cheaper than in Panama | ||||
| Armenia | Panama | Diff | ||
| Cold medicine for 6 days (tylenol, frenadol, coldrex, or equivalent brands) | 1,446Dram (3.65 B/.) | 10 B/. | - 63% | |
| 1 box of antibiotics (12 doses) | 3,004Dram (8 B/.) | 20 B/. | - 62% | |
| Short visit to private doctor (15 minutes) | 14,006Dram (35 B/.) | 65 B/. | - 46% | |
| 1 box of 32 tampons (tampax, ob, ...) | 1,668Dram (4.21 B/.) | 8 B/. | - 47% | |
| Deodorant, roll-on (50ml ~ 1.5 oz.) | 1,615Dram (4.08 B/.) | 7 B/. | - 45% | |
| Hair shampoo 2-in-1 (400 ml ~ 12 oz.) | 1,291Dram (3.26 B/.) | 9 B/. | - 63% | |
| 4 rolls of toilet paper | 1,508Dram (3.81 B/.) | 3.25 B/. | + 17% | |
| Tube of toothpaste | 1,502Dram (3.79 B/.) | 3.70 B/. | + 3% | |
| Standard men's haircut in expat area of the city | 4,015Dram (10 B/.) | 15 B/. | - 30% | |
| Entertainment | - 36% | |||
| Entertainment in Armenia is 36% cheaper than in Panama | ||||
| Armenia | Panama | Diff | ||
| Basic dinner out for two in neighborhood pub | 10,709Dram (27 B/.) | 37 B/. | - 27% | |
| 2 tickets to the movies | 5,932Dram (15 B/.) | 13 B/. | + 20% | |
| 2 tickets to the theater (best available seats) | 35,512Dram (90 B/.) | 30 B/. | + 199% | |
| Dinner for two at an italian restaurant in the expat area including appetisers, main course, wine and dessert | 29,872Dram (75 B/.) | 81 B/. | - 6% | |
| 1 cocktail drink in downtown club | 4,000Dram (10 B/.) | 14 B/. | - 28% | |
| Cappuccino in expat area of the city | 1,412Dram (3.57 B/.) | 5.00 B/. | - 29% | |
| 1 beer in neighbourhood pub (500ml or 1pt.) | 1,637Dram (4.13 B/.) | 6 B/. | - 33% | |
| Ipad wi-fi 128gb | - | 400 B/. | - | |
| 1 min. of prepaid mobile tariff (no discounts or plans) | 15Dram (0.04 B/.) | 0.50 B/. | - 92% | |
| 1 month of gym membership in business district | 31,316Dram (79 B/.) | 64 B/. | + 23% | |
| 1 package of marlboro cigarettes | 1,346Dram (3.40 B/.) | 8 B/. | - 55% | |
| TOTAL | - 13% | |||
WARNING! This comparison is based on only a few data points. At this point it is only a guess. It is based on 479 prices entered by 80 different people.
These prices were last updated on November 30, 2024.
Exchange rate:
0.00253
PAB
/
AMD
Cost of living in Armenia is 13% cheaper than in Panama
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