Cost of Living Comparison Between Panama City and Yerevan 
| Indices Difference |  |
|---|---|
| Consumer Prices in Yerevan are 11.0% lower than in Panama City (without rent) | |
| Consumer Prices Including Rent in Yerevan are 11.1% lower than in Panama City | |
| Rent Prices in Yerevan are 11.3% lower than in Panama City | |
| Restaurant Prices in Yerevan are 14.2% lower than in Panama City | |
| Groceries Prices in Yerevan are 25.2% lower than in Panama City | |
| Local Purchasing Power in Yerevan is 21.5% lower than in Panama City | |
Restaurants | Panama City Edit |
Yerevan Edit | Difference |
|---|---|---|---|
| Meal, Inexpensive Restaurant |
12.00 $ (4,623.27 AMD) |
10.12 $ (3,900.00 AMD) |
-15.6 % |
| Meal for 2 People, Mid-range Restaurant, Three-course |
60.00 $ (23,116.34 AMD) |
51.91 $ (20,000.00 AMD) |
-13.5 % |
| McMeal at McDonalds (or Equivalent Combo Meal) |
8.25 $ (3,178.50 AMD) |
7.79 $ (3,000.00 AMD) |
-5.6 % |
| Domestic Beer (1 pint draught) |
2.50 $ (963.18 AMD) |
2.08 $ (800.00 AMD) |
-16.9 % |
| Imported Beer (12 oz small bottle) |
4.00 $ (1,541.09 AMD) |
3.11 $ (1,200.00 AMD) |
-22.1 % |
| Cappuccino (regular) |
3.70 $ (1,427.41 AMD) |
3.51 $ (1,350.83 AMD) |
-5.4 % |
| Coke/Pepsi (12 oz small bottle) |
1.76 $ (677.03 AMD) |
1.02 $ (393.01 AMD) |
-42.0 % |
| Water (12 oz small bottle) |
1.33 $ (514.06 AMD) |
0.60 $ (232.11 AMD) |
-54.8 % |
Markets | Panama City Edit |
Yerevan Edit | |
| Milk (regular), (1 gallon) |
6.66 $ (2,566.15 AMD) |
5.85 $ (2,253.67 AMD) |
-12.2 % |
| Loaf of Fresh White Bread (1 lb) |
2.21 $ (850.61 AMD) |
0.70 $ (269.40 AMD) |
-68.3 % |
| Rice (white), (1 lb) |
0.95 $ (366.99 AMD) |
1.07 $ (411.01 AMD) |
+12.0 % |
| Eggs (regular) (12) |
2.54 $ (980.17 AMD) |
2.30 $ (885.49 AMD) |
-9.7 % |
| Local Cheese (1 lb) |
4.93 $ (1,900.58 AMD) |
3.75 $ (1,444.07 AMD) |
-24.0 % |
| Chicken Fillets (1 lb) |
3.39 $ (1,305.43 AMD) |
3.29 $ (1,266.66 AMD) |
-3.0 % |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) |
4.06 $ (1,565.96 AMD) |
5.37 $ (2,069.01 AMD) |
+32.1 % |
| Apples (1 lb) |
1.40 $ (539.70 AMD) |
0.53 $ (202.68 AMD) |
-62.4 % |
| Banana (1 lb) |
0.62 $ (240.34 AMD) |
0.82 $ (314.71 AMD) |
+30.9 % |
| Oranges (1 lb) |
1.30 $ (498.96 AMD) |
0.78 $ (299.76 AMD) |
-39.9 % |
| Tomato (1 lb) |
1.41 $ (541.38 AMD) |
0.90 $ (345.49 AMD) |
-36.2 % |
| Potato (1 lb) |
0.94 $ (362.34 AMD) |
0.30 $ (116.80 AMD) |
-67.8 % |
| Onion (1 lb) |
0.97 $ (375.61 AMD) |
0.30 $ (116.36 AMD) |
-69.0 % |
| Lettuce (1 head) |
2.18 $ (838.99 AMD) |
0.87 $ (335.74 AMD) |
-60.0 % |
| Water (1.5 liter bottle) |
1.44 $ (552.98 AMD) |
0.70 $ (270.29 AMD) |
-51.1 % |
| Bottle of Wine (Mid-Range) |
9.00 $ (3,467.45 AMD) |
10.38 $ (4,000.00 AMD) |
+15.4 % |
| Domestic Beer (0.5 liter bottle) |
1.20 $ (460.54 AMD) |
1.32 $ (509.52 AMD) |
+10.6 % |
| Imported Beer (12 oz small bottle) |
1.86 $ (715.32 AMD) |
2.15 $ (828.26 AMD) |
+15.8 % |
| Cigarettes 20 Pack (Marlboro) |
5.75 $ (2,215.32 AMD) |
2.60 $ (1,000.00 AMD) |
-54.9 % |
Transportation | Panama City Edit |
Yerevan Edit | |
| One-way Ticket (Local Transport) |
0.35 $ (134.85 AMD) |
0.26 $ (100.00 AMD) |
-25.8 % |
| Monthly Pass (Regular Price) |
25.00 $ (9,631.81 AMD) |
10.38 $ (4,000.00 AMD) |
-58.5 % |
| Taxi Start (Normal Tariff) |
2.00 $ (770.54 AMD) |
1.82 $ (700.00 AMD) |
-9.2 % |
| Taxi 1 mile (Normal Tariff) |
2.41 $ (930.05 AMD) |
0.50 $ (193.12 AMD) |
-79.2 % |
| Taxi 1hour Waiting (Normal Tariff) |
20.00 $ (7,705.45 AMD) |
4.28 $ (1,650.00 AMD) |
-78.6 % |
| Gasoline (1 gallon) |
3.69 $ (1,423.40 AMD) |
5.15 $ (1,984.29 AMD) |
+39.4 % |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) |
22,250.00 $ (8,572,309.34 AMD) |
31,146.80 $ (12,000,000.00 AMD) |
+40.0 % |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) |
20,494.44 $ (7,895,942.36 AMD) |
34,883.92 $ (13,439,810.77 AMD) |
+70.2 % |
Utilities (Monthly) | Panama City Edit |
Yerevan Edit | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment |
112.65 $ (43,399.75 AMD) |
116.70 $ (44,960.56 AMD) |
+3.6 % |
| Mobile Phone Monthly Plan with Calls and 10GB+ Data |
29.33 $ (11,301.32 AMD) |
9.27 $ (3,572.64 AMD) |
-68.4 % |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) |
51.82 $ (19,964.81 AMD) |
22.23 $ (8,563.81 AMD) |
-57.1 % |
Sports And Leisure | Panama City Edit |
Yerevan Edit | |
| Fitness Club, Monthly Fee for 1 Adult |
40.93 $ (15,770.48 AMD) |
83.42 $ (32,140.81 AMD) |
+103.8 % |
| Tennis Court Rent (1 Hour on Weekend) |
25.00 $ (9,631.81 AMD) |
22.83 $ (8,796.51 AMD) |
-8.7 % |
| Cinema, International Release, 1 Seat |
7.00 $ (2,696.91 AMD) |
7.79 $ (3,000.00 AMD) |
+11.2 % |
Childcare | Panama City Edit |
Yerevan Edit | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child |
408.12 $ (157,239.27 AMD) |
309.78 $ (119,347.83 AMD) |
-24.1 % |
| International Primary School, Yearly for 1 Child |
9,675.75 $ (3,727,798.75 AMD) |
8,335.50 $ (3,211,437.90 AMD) |
-13.9 % |
Clothing And Shoes | Panama City Edit |
Yerevan Edit | |
| 1 Pair of Jeans (Levis 501 Or Similar) |
53.94 $ (20,780.63 AMD) |
93.51 $ (36,028.34 AMD) |
+73.4 % |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) |
40.79 $ (15,713.61 AMD) |
62.14 $ (23,940.08 AMD) |
+52.4 % |
| 1 Pair of Nike Running Shoes (Mid-Range) |
82.58 $ (31,815.38 AMD) |
133.37 $ (51,382.27 AMD) |
+61.5 % |
| 1 Pair of Men Leather Business Shoes |
92.86 $ (35,775.29 AMD) |
119.17 $ (45,913.04 AMD) |
+28.3 % |
Rent Per Month | Panama City Edit |
Yerevan Edit | |
| Apartment (1 bedroom) in City Centre |
925.91 $ (356,727.15 AMD) |
970.67 $ (373,972.00 AMD) |
+4.8 % |
| Apartment (1 bedroom) Outside of Centre |
598.61 $ (230,628.30 AMD) |
642.56 $ (247,559.56 AMD) |
+7.3 % |
| Apartment (3 bedrooms) in City Centre |
2,048.00 $ (789,037.73 AMD) |
1,618.47 $ (623,549.95 AMD) |
-21.0 % |
| Apartment (3 bedrooms) Outside of Centre |
1,194.12 $ (460,060.49 AMD) |
995.32 $ (383,467.83 AMD) |
-16.6 % |
Buy Apartment Price | Panama City Edit |
Yerevan Edit | |
| Price per Square Feet to Buy Apartment in City Centre |
228.61 $ (88,075.54 AMD) |
308.64 $ (118,909.89 AMD) |
+35.0 % |
| Price per Square Feet to Buy Apartment Outside of Centre |
135.37 $ (52,155.04 AMD) |
141.26 $ (54,423.95 AMD) |
+4.4 % |
Salaries And Financing | Panama City Edit |
Yerevan Edit | |
| Average Monthly Net Salary (After Tax) |
861.84 $ (332,043.92 AMD) |
601.44 $ (231,719.60 AMD) |
-30.2 % |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 6.07 | 14.67 | +141.5 % |
| Last update: | May 2024 | May 2024 | |
| Contributors in the past 12 months: | 87 | 231 |
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 |