Cost of Living Comparison Between Armenia and Panama 
| Indices Difference |  |
|---|---|
| Cost of Living in Panama is 14.1% higher than in Armenia (without rent) | |
| Cost of Living Including Rent in Panama is 11.1% higher than in Armenia | |
| Rent Prices in Panama are 4.0% higher than in Armenia | |
| Restaurant Prices in Panama are 8.5% higher than in Armenia | |
| Groceries Prices in Panama are 34.7% higher than in Armenia | |
| Local Purchasing Power in Panama is 8.4% higher than in Armenia | |
Restaurants | Armenia Edit |
Panama Edit | Difference |
|---|---|---|---|
| Meal, Inexpensive Restaurant |
3,900.00 AMD (10.08 $) |
3,868.87 AMD (10.00 $) |
-0.8 % |
| Meal for 2 People, Mid-range Restaurant, Three-course |
20,000.00 AMD (51.69 $) |
23,213.23 AMD (60.00 $) |
+16.1 % |
| McMeal at McDonalds (or Equivalent Combo Meal) |
3,000.00 AMD (7.75 $) |
3,095.10 AMD (8.00 $) |
+3.2 % |
| Domestic Beer (1 pint draught) |
800.00 AMD (2.07 $) |
773.77 AMD (2.00 $) |
-3.3 % |
| Imported Beer (12 oz small bottle) |
1,100.00 AMD (2.84 $) |
1,257.38 AMD (3.25 $) |
+14.3 % |
| Cappuccino (regular) |
1,303.54 AMD (3.37 $) |
1,343.39 AMD (3.47 $) |
+3.1 % |
| Coke/Pepsi (12 oz small bottle) |
362.56 AMD (0.94 $) |
607.33 AMD (1.57 $) |
+67.5 % |
| Water (12 oz small bottle) |
225.22 AMD (0.58 $) |
474.59 AMD (1.23 $) |
+110.7 % |
Markets | Armenia Edit |
Panama Edit | |
| Milk (regular), (1 gallon) |
2,265.10 AMD (5.85 $) |
2,571.54 AMD (6.65 $) |
+13.5 % |
| Loaf of Fresh White Bread (1 lb) |
251.32 AMD (0.65 $) |
826.93 AMD (2.14 $) |
+229.0 % |
| Rice (white), (1 lb) |
396.76 AMD (1.03 $) |
380.53 AMD (0.98 $) |
-4.1 % |
| Eggs (regular) (12) |
858.24 AMD (2.22 $) |
972.11 AMD (2.51 $) |
+13.3 % |
| Local Cheese (1 lb) |
1,409.36 AMD (3.64 $) |
1,880.68 AMD (4.86 $) |
+33.4 % |
| Chicken Fillets (1 lb) |
1,244.79 AMD (3.22 $) |
1,268.73 AMD (3.28 $) |
+1.9 % |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) |
2,020.24 AMD (5.22 $) |
1,445.66 AMD (3.74 $) |
-28.4 % |
| Apples (1 lb) |
202.79 AMD (0.52 $) |
560.62 AMD (1.45 $) |
+176.4 % |
| Banana (1 lb) |
306.24 AMD (0.79 $) |
237.87 AMD (0.61 $) |
-22.3 % |
| Oranges (1 lb) |
286.09 AMD (0.74 $) |
470.15 AMD (1.22 $) |
+64.3 % |
| Tomato (1 lb) |
322.49 AMD (0.83 $) |
499.67 AMD (1.29 $) |
+54.9 % |
| Potato (1 lb) |
118.45 AMD (0.31 $) |
359.91 AMD (0.93 $) |
+203.8 % |
| Onion (1 lb) |
114.18 AMD (0.30 $) |
372.58 AMD (0.96 $) |
+226.3 % |
| Lettuce (1 head) |
324.17 AMD (0.84 $) |
737.66 AMD (1.91 $) |
+127.6 % |
| Water (1.5 liter bottle) |
252.78 AMD (0.65 $) |
587.58 AMD (1.52 $) |
+132.5 % |
| Bottle of Wine (Mid-Range) |
3,500.00 AMD (9.05 $) |
3,481.99 AMD (9.00 $) |
-0.5 % |
| Domestic Beer (0.5 liter bottle) |
500.70 AMD (1.29 $) |
443.50 AMD (1.15 $) |
-11.4 % |
| Imported Beer (12 oz small bottle) |
807.14 AMD (2.09 $) |
725.24 AMD (1.87 $) |
-10.1 % |
| Cigarettes 20 Pack (Marlboro) |
1,000.00 AMD (2.58 $) |
2,176.24 AMD (5.62 $) |
+117.6 % |
Transportation | Armenia Edit |
Panama Edit | |
| One-way Ticket (Local Transport) |
100.00 AMD (0.26 $) |
193.44 AMD (0.50 $) |
+93.4 % |
| Monthly Pass (Regular Price) |
4,000.00 AMD (10.34 $) |
9,672.18 AMD (25.00 $) |
+141.8 % |
| Taxi Start (Normal Tariff) |
615.57 AMD (1.59 $) |
773.77 AMD (2.00 $) |
+25.7 % |
| Taxi 1 mile (Normal Tariff) |
177.03 AMD (0.46 $) |
1,160.66 AMD (3.00 $) |
+555.6 % |
| Taxi 1hour Waiting (Normal Tariff) |
1,500.00 AMD (3.88 $) |
6,577.08 AMD (17.00 $) |
+338.5 % |
| Gasoline (1 gallon) |
1,988.96 AMD (5.14 $) |
1,420.55 AMD (3.67 $) |
-28.6 % |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) |
11,000,000.00 AMD (28,432.06 $) |
9,382,015.23 AMD (24,250.00 $) |
-14.7 % |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) |
13,265,538.57 AMD (34,287.87 $) |
7,810,657.88 AMD (20,188.46 $) |
-41.1 % |
Utilities (Monthly) | Armenia Edit |
Panama Edit | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment |
44,579.91 AMD (115.23 $) |
38,979.01 AMD (100.75 $) |
-12.6 % |
| Mobile Phone Monthly Plan with Calls and 10GB+ Data |
3,549.73 AMD (9.18 $) |
11,498.29 AMD (29.72 $) |
+223.9 % |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) |
8,323.69 AMD (21.51 $) |
18,920.77 AMD (48.91 $) |
+127.3 % |
Sports And Leisure | Armenia Edit |
Panama Edit | |
| Fitness Club, Monthly Fee for 1 Adult |
31,518.62 AMD (81.47 $) |
19,050.67 AMD (49.24 $) |
-39.6 % |
| Tennis Court Rent (1 Hour on Weekend) |
8,757.62 AMD (22.64 $) |
12,466.37 AMD (32.22 $) |
+42.3 % |
| Cinema, International Release, 1 Seat |
2,500.00 AMD (6.46 $) |
2,708.21 AMD (7.00 $) |
+8.3 % |
Childcare | Armenia Edit |
Panama Edit | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child |
120,217.39 AMD (310.73 $) |
141,858.65 AMD (366.67 $) |
+18.0 % |
| International Primary School, Yearly for 1 Child |
3,724,305.48 AMD (9,626.33 $) |
2,972,841.44 AMD (7,684.00 $) |
-20.2 % |
Clothing And Shoes | Armenia Edit |
Panama Edit | |
| 1 Pair of Jeans (Levis 501 Or Similar) |
33,482.60 AMD (86.54 $) |
18,570.59 AMD (48.00 $) |
-44.5 % |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) |
23,601.96 AMD (61.00 $) |
15,596.39 AMD (40.31 $) |
-33.9 % |
| 1 Pair of Nike Running Shoes (Mid-Range) |
51,544.58 AMD (133.23 $) |
31,415.24 AMD (81.20 $) |
-39.1 % |
| 1 Pair of Men Leather Business Shoes |
44,695.65 AMD (115.53 $) |
35,907.97 AMD (92.81 $) |
-19.7 % |
Rent Per Month | Armenia Edit |
Panama Edit | |
| Apartment (1 bedroom) in City Centre |
349,303.51 AMD (902.86 $) |
309,452.89 AMD (799.85 $) |
-11.4 % |
| Apartment (1 bedroom) Outside of Centre |
233,786.66 AMD (604.28 $) |
209,281.81 AMD (540.94 $) |
-10.5 % |
| Apartment (3 bedrooms) in City Centre |
571,932.25 AMD (1,478.29 $) |
648,972.12 AMD (1,677.42 $) |
+13.5 % |
| Apartment (3 bedrooms) Outside of Centre |
352,290.61 AMD (910.58 $) |
400,185.99 AMD (1,034.37 $) |
+13.6 % |
Buy Apartment Price | Armenia Edit |
Panama Edit | |
| Price per Square Feet to Buy Apartment in City Centre |
121,128.52 AMD (313.08 $) |
84,802.31 AMD (219.19 $) |
-30.0 % |
| Price per Square Feet to Buy Apartment Outside of Centre |
54,973.97 AMD (142.09 $) |
54,812.62 AMD (141.68 $) |
-0.3 % |
Salaries And Financing | Armenia Edit |
Panama Edit | |
| Average Monthly Net Salary (After Tax) |
257,905.94 AMD (666.62 $) |
310,593.07 AMD (802.80 $) |
+20.4 % |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 14.83 | 6.25 | -57.9 % |
| Last update: | June 2024 | June 2024 | |
| Contributors in the past 12 months: | 235 | 123 |
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