Cost of Living Comparison Between Panama and Armenia 
| Indices Difference |  |
|---|---|
| Cost of Living in Armenia is 12.4% lower than in Panama (without rent) | |
| Cost of Living Including Rent in Armenia is 10.0% lower than in Panama | |
| Rent Prices in Armenia are 3.9% lower than in Panama | |
| Restaurant Prices in Armenia are 7.8% lower than in Panama | |
| Groceries Prices in Armenia are 25.8% lower than in Panama | |
| Local Purchasing Power in Armenia is 7.8% lower than in Panama | |
Restaurants | Panama Edit |
Armenia Edit | Difference |
|---|---|---|---|
| Meal, Inexpensive Restaurant |
10.00 $ (3,868.87 AMD) |
10.08 $ (3,900.00 AMD) |
+0.8 % |
| 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) |
2.00 $ (773.77 AMD) |
2.07 $ (800.00 AMD) |
+3.4 % |
| Imported Beer (12 oz small bottle) |
3.25 $ (1,257.38 AMD) |
2.84 $ (1,100.00 AMD) |
-12.5 % |
| Cappuccino (regular) |
3.47 $ (1,343.39 AMD) |
3.37 $ (1,303.54 AMD) |
-3.0 % |
| Coke/Pepsi (12 oz small bottle) |
1.57 $ (607.33 AMD) |
0.94 $ (362.56 AMD) |
-40.3 % |
| Water (12 oz small bottle) |
1.23 $ (474.59 AMD) |
0.58 $ (225.22 AMD) |
-52.5 % |
Markets | Panama Edit |
Armenia Edit | |
| Milk (regular), (1 gallon) |
6.65 $ (2,571.54 AMD) |
5.85 $ (2,265.10 AMD) |
-11.9 % |
| Loaf of Fresh White Bread (1 lb) |
2.14 $ (826.93 AMD) |
0.65 $ (251.32 AMD) |
-69.6 % |
| Rice (white), (1 lb) |
0.98 $ (380.53 AMD) |
1.03 $ (396.76 AMD) |
+4.3 % |
| Eggs (regular) (12) |
2.51 $ (972.11 AMD) |
2.22 $ (858.24 AMD) |
-11.7 % |
| Local Cheese (1 lb) |
4.86 $ (1,880.68 AMD) |
3.64 $ (1,409.36 AMD) |
-25.1 % |
| Chicken Fillets (1 lb) |
3.28 $ (1,268.73 AMD) |
3.22 $ (1,244.79 AMD) |
-1.9 % |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) |
3.74 $ (1,445.66 AMD) |
5.22 $ (2,020.24 AMD) |
+39.7 % |
| Apples (1 lb) |
1.45 $ (560.62 AMD) |
0.52 $ (202.79 AMD) |
-63.8 % |
| Banana (1 lb) |
0.61 $ (237.87 AMD) |
0.79 $ (306.24 AMD) |
+28.7 % |
| Oranges (1 lb) |
1.22 $ (470.15 AMD) |
0.74 $ (286.09 AMD) |
-39.1 % |
| Tomato (1 lb) |
1.29 $ (499.67 AMD) |
0.83 $ (322.49 AMD) |
-35.5 % |
| Potato (1 lb) |
0.93 $ (359.91 AMD) |
0.31 $ (118.45 AMD) |
-67.1 % |
| Onion (1 lb) |
0.96 $ (372.58 AMD) |
0.30 $ (114.18 AMD) |
-69.4 % |
| Lettuce (1 head) |
1.91 $ (737.66 AMD) |
0.84 $ (324.17 AMD) |
-56.1 % |
| Water (1.5 liter bottle) |
1.52 $ (587.58 AMD) |
0.65 $ (252.78 AMD) |
-57.0 % |
| Bottle of Wine (Mid-Range) |
9.00 $ (3,481.99 AMD) |
9.05 $ (3,500.00 AMD) |
+0.5 % |
| Domestic Beer (0.5 liter bottle) |
1.15 $ (443.50 AMD) |
1.29 $ (500.70 AMD) |
+12.9 % |
| Imported Beer (12 oz small bottle) |
1.87 $ (725.24 AMD) |
2.09 $ (807.14 AMD) |
+11.3 % |
| Cigarettes 20 Pack (Marlboro) |
5.62 $ (2,176.24 AMD) |
2.58 $ (1,000.00 AMD) |
-54.0 % |
Transportation | Panama Edit |
Armenia Edit | |
| One-way Ticket (Local Transport) |
0.50 $ (193.44 AMD) |
0.26 $ (100.00 AMD) |
-48.3 % |
| Monthly Pass (Regular Price) |
25.00 $ (9,672.18 AMD) |
10.34 $ (4,000.00 AMD) |
-58.6 % |
| Taxi Start (Normal Tariff) |
2.00 $ (773.77 AMD) |
1.59 $ (615.57 AMD) |
-20.4 % |
| Taxi 1 mile (Normal Tariff) |
3.00 $ (1,160.66 AMD) |
0.46 $ (177.03 AMD) |
-84.7 % |
| Taxi 1hour Waiting (Normal Tariff) |
17.00 $ (6,577.08 AMD) |
3.88 $ (1,500.00 AMD) |
-77.2 % |
| Gasoline (1 gallon) |
3.67 $ (1,420.55 AMD) |
5.14 $ (1,988.96 AMD) |
+40.0 % |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) |
24,250.00 $ (9,382,015.23 AMD) |
28,432.06 $ (11,000,000.00 AMD) |
+17.2 % |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) |
20,188.46 $ (7,810,657.88 AMD) |
34,287.87 $ (13,265,538.57 AMD) |
+69.8 % |
Utilities (Monthly) | Panama Edit |
Armenia Edit | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment |
100.75 $ (38,979.01 AMD) |
115.23 $ (44,579.91 AMD) |
+14.4 % |
| Mobile Phone Monthly Plan with Calls and 10GB+ Data |
29.72 $ (11,498.29 AMD) |
9.18 $ (3,549.73 AMD) |
-69.1 % |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) |
48.91 $ (18,920.77 AMD) |
21.51 $ (8,323.69 AMD) |
-56.0 % |
Sports And Leisure | Panama Edit |
Armenia Edit | |
| Fitness Club, Monthly Fee for 1 Adult |
49.24 $ (19,050.67 AMD) |
81.47 $ (31,518.62 AMD) |
+65.4 % |
| Tennis Court Rent (1 Hour on Weekend) |
32.22 $ (12,466.37 AMD) |
22.64 $ (8,757.62 AMD) |
-29.8 % |
| Cinema, International Release, 1 Seat |
7.00 $ (2,708.21 AMD) |
6.46 $ (2,500.00 AMD) |
-7.7 % |
Childcare | Panama Edit |
Armenia Edit | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child |
366.67 $ (141,858.65 AMD) |
310.73 $ (120,217.39 AMD) |
-15.3 % |
| International Primary School, Yearly for 1 Child |
7,684.00 $ (2,972,841.44 AMD) |
9,626.33 $ (3,724,305.48 AMD) |
+25.3 % |
Clothing And Shoes | Panama Edit |
Armenia Edit | |
| 1 Pair of Jeans (Levis 501 Or Similar) |
48.00 $ (18,570.59 AMD) |
86.54 $ (33,482.60 AMD) |
+80.3 % |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) |
40.31 $ (15,596.39 AMD) |
61.00 $ (23,601.96 AMD) |
+51.3 % |
| 1 Pair of Nike Running Shoes (Mid-Range) |
81.20 $ (31,415.24 AMD) |
133.23 $ (51,544.58 AMD) |
+64.1 % |
| 1 Pair of Men Leather Business Shoes |
92.81 $ (35,907.97 AMD) |
115.53 $ (44,695.65 AMD) |
+24.5 % |
Rent Per Month | Panama Edit |
Armenia Edit | |
| Apartment (1 bedroom) in City Centre |
799.85 $ (309,452.89 AMD) |
902.86 $ (349,303.51 AMD) |
+12.9 % |
| Apartment (1 bedroom) Outside of Centre |
540.94 $ (209,281.81 AMD) |
604.28 $ (233,786.66 AMD) |
+11.7 % |
| Apartment (3 bedrooms) in City Centre |
1,677.42 $ (648,972.12 AMD) |
1,478.29 $ (571,932.25 AMD) |
-11.9 % |
| Apartment (3 bedrooms) Outside of Centre |
1,034.37 $ (400,185.99 AMD) |
910.58 $ (352,290.61 AMD) |
-12.0 % |
Buy Apartment Price | Panama Edit |
Armenia Edit | |
| Price per Square Feet to Buy Apartment in City Centre |
219.19 $ (84,802.31 AMD) |
313.08 $ (121,128.52 AMD) |
+42.8 % |
| Price per Square Feet to Buy Apartment Outside of Centre |
141.68 $ (54,812.62 AMD) |
142.09 $ (54,973.97 AMD) |
+0.3 % |
Salaries And Financing | Panama Edit |
Armenia Edit | |
| Average Monthly Net Salary (After Tax) |
802.80 $ (310,593.07 AMD) |
666.62 $ (257,905.94 AMD) |
-17.0 % |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 6.25 | 14.83 | +137.5 % |
| Last update: | June 2024 | June 2024 | |
| Contributors in the past 12 months: | 123 | 235 |
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