Cost of Living Comparison Between Panama City and Yerevan 
| Indices Difference |  |
|---|---|
| Cost of Living in Yerevan is 12.2% lower than in Panama City (without rent) | |
| Cost of Living Including Rent in Yerevan is 12.3% lower than in Panama City | |
| Rent Prices in Yerevan are 12.4% lower than in Panama City | |
| Restaurant Prices in Yerevan are 13.9% lower than in Panama City | |
| Groceries Prices in Yerevan are 27.0% lower than in Panama City | |
| Local Purchasing Power in Yerevan is 21.2% lower than in Panama City | |
Restaurants | Panama City Edit |
Yerevan Edit | Difference |
|---|---|---|---|
| Meal, Inexpensive Restaurant |
11.75 $ (4,545.92 AMD) |
10.08 $ (3,900.00 AMD) |
-14.2 % |
| Meal for 2 People, Mid-range Restaurant, Three-course |
60.00 $ (23,213.23 AMD) |
51.69 $ (20,000.00 AMD) |
-13.8 % |
| McMeal at McDonalds (or Equivalent Combo Meal) |
8.00 $ (3,095.10 AMD) |
7.75 $ (3,000.00 AMD) |
-3.1 % |
| Domestic Beer (1 pint draught) |
3.00 $ (1,160.66 AMD) |
2.07 $ (800.00 AMD) |
-31.1 % |
| Imported Beer (12 oz small bottle) |
4.00 $ (1,547.55 AMD) |
3.10 $ (1,200.00 AMD) |
-22.5 % |
| Cappuccino (regular) |
3.68 $ (1,425.65 AMD) |
3.57 $ (1,381.11 AMD) |
-3.1 % |
| Coke/Pepsi (12 oz small bottle) |
1.77 $ (683.48 AMD) |
0.99 $ (383.03 AMD) |
-44.0 % |
| Water (12 oz small bottle) |
1.33 $ (513.65 AMD) |
0.61 $ (237.82 AMD) |
-53.7 % |
Markets | Panama City Edit |
Yerevan Edit | |
| Milk (regular), (1 gallon) |
6.75 $ (2,609.65 AMD) |
5.97 $ (2,308.23 AMD) |
-11.6 % |
| Loaf of Fresh White Bread (1 lb) |
2.26 $ (874.15 AMD) |
0.68 $ (263.90 AMD) |
-69.8 % |
| Rice (white), (1 lb) |
0.97 $ (375.11 AMD) |
1.07 $ (414.13 AMD) |
+10.4 % |
| Eggs (regular) (12) |
2.62 $ (1,012.87 AMD) |
2.30 $ (891.52 AMD) |
-12.0 % |
| Local Cheese (1 lb) |
5.27 $ (2,037.40 AMD) |
3.83 $ (1,482.11 AMD) |
-27.3 % |
| Chicken Fillets (1 lb) |
3.46 $ (1,336.98 AMD) |
3.25 $ (1,259.09 AMD) |
-5.8 % |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) |
4.22 $ (1,634.10 AMD) |
5.36 $ (2,072.14 AMD) |
+26.8 % |
| Apples (1 lb) |
1.38 $ (535.39 AMD) |
0.52 $ (201.17 AMD) |
-62.4 % |
| Banana (1 lb) |
0.68 $ (262.00 AMD) |
0.80 $ (311.32 AMD) |
+18.8 % |
| Oranges (1 lb) |
1.24 $ (478.33 AMD) |
0.77 $ (296.49 AMD) |
-38.0 % |
| Tomato (1 lb) |
1.39 $ (539.59 AMD) |
0.88 $ (340.19 AMD) |
-37.0 % |
| Potato (1 lb) |
0.94 $ (365.27 AMD) |
0.30 $ (116.27 AMD) |
-68.2 % |
| Onion (1 lb) |
0.99 $ (382.44 AMD) |
0.30 $ (117.03 AMD) |
-69.4 % |
| Lettuce (1 head) |
2.08 $ (802.79 AMD) |
0.87 $ (335.54 AMD) |
-58.2 % |
| Water (1.5 liter bottle) |
1.51 $ (585.17 AMD) |
0.68 $ (264.38 AMD) |
-54.8 % |
| Bottle of Wine (Mid-Range) |
9.00 $ (3,481.99 AMD) |
9.69 $ (3,750.00 AMD) |
+7.7 % |
| Domestic Beer (0.5 liter bottle) |
1.21 $ (466.78 AMD) |
1.30 $ (502.33 AMD) |
+7.6 % |
| Imported Beer (12 oz small bottle) |
1.95 $ (752.94 AMD) |
2.17 $ (840.00 AMD) |
+11.6 % |
| Cigarettes 20 Pack (Marlboro) |
5.88 $ (2,272.96 AMD) |
2.58 $ (1,000.00 AMD) |
-56.0 % |
Transportation | Panama City Edit |
Yerevan Edit | |
| One-way Ticket (Local Transport) |
0.35 $ (135.41 AMD) |
0.26 $ (100.00 AMD) |
-26.2 % |
| Monthly Pass (Regular Price) |
25.00 $ (9,672.18 AMD) |
10.34 $ (4,000.00 AMD) |
-58.6 % |
| Taxi Start (Normal Tariff) |
2.25 $ (870.50 AMD) |
1.81 $ (700.00 AMD) |
-19.6 % |
| Taxi 1 mile (Normal Tariff) |
2.62 $ (1,011.78 AMD) |
0.50 $ (193.12 AMD) |
-80.9 % |
| Taxi 1hour Waiting (Normal Tariff) |
21.00 $ (8,124.63 AMD) |
4.26 $ (1,650.00 AMD) |
-79.7 % |
| Gasoline (1 gallon) |
3.69 $ (1,426.18 AMD) |
5.21 $ (2,013.84 AMD) |
+41.2 % |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) |
22,250.00 $ (8,608,240.78 AMD) |
31,016.79 $ (12,000,000.00 AMD) |
+39.4 % |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) |
20,494.44 $ (7,929,038.76 AMD) |
34,738.32 $ (13,439,810.77 AMD) |
+69.5 % |
Utilities (Monthly) | Panama City Edit |
Yerevan Edit | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment |
120.76 $ (46,719.38 AMD) |
115.23 $ (44,579.50 AMD) |
-4.6 % |
| Mobile Phone Monthly Plan with Calls and 10GB+ Data |
29.38 $ (11,364.81 AMD) |
9.40 $ (3,635.76 AMD) |
-68.0 % |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) |
51.69 $ (19,997.23 AMD) |
22.17 $ (8,576.51 AMD) |
-57.1 % |
Sports And Leisure | Panama City Edit |
Yerevan Edit | |
| Fitness Club, Monthly Fee for 1 Adult |
42.92 $ (16,603.91 AMD) |
88.02 $ (34,054.44 AMD) |
+105.1 % |
| Tennis Court Rent (1 Hour on Weekend) |
22.50 $ (8,704.96 AMD) |
23.61 $ (9,133.88 AMD) |
+4.9 % |
| Cinema, International Release, 1 Seat |
7.00 $ (2,708.21 AMD) |
6.46 $ (2,500.00 AMD) |
-7.7 % |
Childcare | Panama City Edit |
Yerevan Edit | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child |
414.38 $ (160,316.39 AMD) |
325.55 $ (125,952.38 AMD) |
-21.4 % |
| International Primary School, Yearly for 1 Child |
9,058.00 $ (3,504,424.49 AMD) |
9,626.33 $ (3,724,305.48 AMD) |
+6.3 % |
Clothing And Shoes | Panama City Edit |
Yerevan Edit | |
| 1 Pair of Jeans (Levis 501 Or Similar) |
53.69 $ (20,772.87 AMD) |
93.45 $ (36,152.84 AMD) |
+74.0 % |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) |
40.42 $ (15,636.69 AMD) |
63.46 $ (24,550.04 AMD) |
+57.0 % |
| 1 Pair of Nike Running Shoes (Mid-Range) |
86.19 $ (33,344.84 AMD) |
134.61 $ (52,078.27 AMD) |
+56.2 % |
| 1 Pair of Men Leather Business Shoes |
105.91 $ (40,974.87 AMD) |
117.25 $ (45,363.64 AMD) |
+10.7 % |
Rent Per Month | Panama City Edit |
Yerevan Edit | |
| Apartment (1 bedroom) in City Centre |
939.05 $ (363,305.53 AMD) |
963.97 $ (372,948.41 AMD) |
+2.7 % |
| Apartment (1 bedroom) Outside of Centre |
610.29 $ (236,115.00 AMD) |
646.38 $ (250,074.38 AMD) |
+5.9 % |
| Apartment (3 bedrooms) in City Centre |
1,965.22 $ (760,317.51 AMD) |
1,590.99 $ (615,531.98 AMD) |
-19.0 % |
| Apartment (3 bedrooms) Outside of Centre |
1,256.67 $ (486,188.28 AMD) |
978.77 $ (378,672.38 AMD) |
-22.1 % |
Buy Apartment Price | Panama City Edit |
Yerevan Edit | |
| Price per Square Feet to Buy Apartment in City Centre |
235.74 $ (91,204.60 AMD) |
317.99 $ (123,025.94 AMD) |
+34.9 % |
| Price per Square Feet to Buy Apartment Outside of Centre |
142.45 $ (55,112.14 AMD) |
144.75 $ (56,000.91 AMD) |
+1.6 % |
Salaries And Financing | Panama City Edit |
Yerevan Edit | |
| Average Monthly Net Salary (After Tax) |
886.76 $ (343,077.94 AMD) |
613.33 $ (237,291.25 AMD) |
-30.8 % |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 6.02 | 14.71 | +144.3 % |
| Last update: | June 2024 | June 2024 | |
| Contributors in the past 12 months: | 90 | 223 |
Moving to Yerevan? Explore:
Cities near Panama City: | Cost of Living in San Miguelito | 8.11 miles |
| Cost of Living in Tocumen | 15.44 miles |
| Cost of Living in Pacora | 19.85 miles |
| Cost of Living in El Coco | 33.93 miles |
| Cost of Living in Aguadulce | 127.78 miles |
| Cost of Living in Santiago | 161.98 miles |
Cities near Yerevan: | Cost of Living in Masis | 9.63 miles |
| Cost of Living in Abovyan | 11.26 miles |
| Cost of Living in Ashtarak | 14.13 miles |
| Cost of Living in Metsamor | 22.96 miles |
| Cost of Living in Armavir | 27.50 miles |
| Cost of Living in Hrazdan | 29.71 miles |
| Cost of Living in Vedi | 31.97 miles |
| Cost of Living in Sevan | 40.52 miles |
| Cost of Living in Ararat | 45.42 miles |
| Cost of Living in Gavar | 57.67 miles |