Cost of living in Armenia compared to Panama
Currency:
| Food | - 50% | |||
|---|---|---|---|---|
| Food in Armenia is 50% cheaper than in Panama | ||||
| Basic lunchtime menu (including a drink) in the business district | 1,819Dram (3.48 B/.) | 12 B/. | - 70% | |
| Combo meal in fast food restaurant (big mac meal or similar) | 4,135Dram (8 B/.) | 7 B/. | + 13% | |
| 500 gr (1 lb.) of boneless chicken breast | 1,059Dram (2.02 B/.) | 2.86 B/. | - 29% | |
| 1 liter (1 qt.) of whole fat milk | 523Dram (1.00 B/.) | 1.52 B/. | - 34% | |
| 12 eggs, large | 946Dram (1.81 B/.) | 2.98 B/. | - 39% | |
| 1 kg (2 lb.) of tomatoes | 450Dram (0.86 B/.) | 2.68 B/. | - 68% | |
| 500 gr (16 oz.) of local cheese | 1,099Dram (2.10 B/.) | 5.99 B/. | - 65% | |
| 1 kg (2 lb.) of apples | 727Dram (1.39 B/.) | 2.92 B/. | - 52% | |
| 1 kg (2 lb.) of potatoes | 234Dram (0.45 B/.) | 2.01 B/. | - 78% | |
| 0.5 l (16 oz) domestic beer in the supermarket | 427Dram (0.82 B/.) | 1.02 B/. | - 20% | |
| 1 bottle of red table wine, good quality | 2,944Dram (5.62 B/.) | 10 B/. | - 44% | |
| 2 liters of coca-cola | 594Dram (1.13 B/.) | 2.18 B/. | - 48% | |
| Bread for 2 people for 1 day | 167Dram (0.32 B/.) | 1.65 B/. | - 81% | |
| Housing | - 58% | |||
| Housing in Armenia is 58% cheaper than in Panama | ||||
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in expensive area | 297,554Dram (568 B/.) | 1,298 B/. | - 56% | |
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in normal area | 154,281Dram (295 B/.) | 919 B/. | - 68% | |
| Utilities 1 month (heating, electricity, gas ...) for 2 people in 85m2 flat | 27,359Dram (52 B/.) | 109 B/. | - 52% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in expensive area | 185,497Dram (354 B/.) | 918 B/. | - 61% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in normal area | 78,161Dram (149 B/.) | 673 B/. | - 78% | |
| Utilities 1 month (heating, electricity, gas ...) for 1 person in 45 m2 (480 sqft) studio | 15,687Dram (30 B/.) | 79 B/. | - 62% | |
| Internet 8 mbps (1 month) | 6,480Dram (12 B/.) | 41 B/. | - 70% | |
| 40” flat screen tv | 312,314Dram (597 B/.) | 389 B/. | + 53% | |
| Microwave 800/900 watt (bosch, panasonic, lg, sharp, or equivalent brands) | 98,547Dram (188 B/.) | 101 B/. | + 87% | |
| Laundry detergent (3 l. ~ 100 oz.) | 4,738Dram (9 B/.) | 8 B/. | + 20% | |
| Hourly rate for cleaning help | 2,009Dram (3.84 B/.) | 5.37 B/. | - 29% | |
| Clothes | - 26% | |||
| Clothes in Armenia is 26% cheaper than in Panama | ||||
| 1 pair of jeans (levis 501 or similar) | 21,442Dram (41 B/.) | 44 B/. | - 7% | |
| 1 summer dress in a high street store (zara, h&m or similar retailers) | 12,822Dram (24 B/.) | 38 B/. | - 35% | |
| 1 pair of sport shoes (nike, adidas, or equivalent brands) | 36,322Dram (69 B/.) | 68 B/. | + 3% | |
| 1 pair of men’s leather business shoes | 23,849Dram (46 B/.) | 78 B/. | - 41% | |
| Transportation | - 48% | |||
| Transportation in Armenia is 48% cheaper than in Panama | ||||
| Volkswagen golf 1.4 tsi 150 cv (or equivalent), with no extras, new | 3,999,200Dram (7,640 B/.) | 20,866 B/. | - 63% | |
| 1 liter (1/4 gallon) of gas | 352Dram (0.67 B/.) | 0.70 B/. | - 4% | |
| Monthly ticket public transport | 6,845Dram (13 B/.) | 32 B/. | - 59% | |
| Personal Care | - 61% | |||
| Personal Care in Armenia is 61% cheaper than in Panama | ||||
| Cold medicine for 6 days (tylenol, frenadol, coldrex, or equivalent brands) | 3,000Dram (5.73 B/.) | 11 B/. | - 49% | |
| 1 box of antibiotics (12 doses) | 2,500Dram (4.78 B/.) | 19 B/. | - 75% | |
| Short visit to private doctor (15 minutes) | 6,693Dram (13 B/.) | 45 B/. | - 71% | |
| 1 box of 32 tampons (tampax, ob, ...) | 2,000Dram (3.82 B/.) | 3.83 B/. | - 0% | |
| Deodorant, roll-on (50ml ~ 1.5 oz.) | 1,026Dram (1.96 B/.) | 3.02 B/. | - 35% | |
| Hair shampoo 2-in-1 (400 ml ~ 12 oz.) | 800Dram (1.53 B/.) | 5.59 B/. | - 73% | |
| 4 rolls of toilet paper | 451Dram (0.86 B/.) | 2.11 B/. | - 59% | |
| Tube of toothpaste | 300Dram (0.57 B/.) | 2.90 B/. | - 80% | |
| Standard men's haircut in expat area of the city | 2,229Dram (4.26 B/.) | 14 B/. | - 70% | |
| Entertainment | - 54% | |||
| Entertainment in Armenia is 54% cheaper than in Panama | ||||
| Basic dinner out for two in neighborhood pub | 6,493Dram (12 B/.) | 33 B/. | - 62% | |
| 2 tickets to the movies | 3,302Dram (6 B/.) | 11 B/. | - 45% | |
| 2 tickets to the theater (best available seats) | 20,000Dram (38 B/.) | 39 B/. | - 2% | |
| Dinner for two at an italian restaurant in the expat area including appetisers, main course, wine and dessert | 15,324Dram (29 B/.) | 54 B/. | - 46% | |
| 1 cocktail drink in downtown club | 1,266Dram (2.42 B/.) | 10 B/. | - 75% | |
| Cappuccino in expat area of the city | 1,032Dram (1.97 B/.) | 4.62 B/. | - 57% | |
| 1 beer in neighbourhood pub (500ml or 1pt.) | 862Dram (1.65 B/.) | 3.94 B/. | - 58% | |
| Ipad wi-fi 128gb | 150,000Dram (287 B/.) | 537 B/. | - 47% | |
| 1 min. of prepaid mobile tariff (no discounts or plans) | 20Dram (0.04 B/.) | 0.34 B/. | - 89% | |
| 1 month of gym membership in business district | 23,882Dram (46 B/.) | 46 B/. | - 1% | |
| 1 package of marlboro cigarettes | 702Dram (1.34 B/.) | 5.35 B/. | - 75% | |
| TOTAL | - 53% | |||
WARNING! This comparison is based on only a few data points. At this point it is only a guess. It is based on 935 prices entered by 95 different people.
These prices were last updated on January 15, 2021.
Exchange rate:
0.00191
PAB
/
AMD
Cost of living in Armenia is 53% cheaper than in Panama
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