Cost of living in Armenia compared to Iceland
Currency:
Food | - 56% | |||
---|---|---|---|---|
Food in Armenia is 56% cheaper than in Iceland | ||||
Armenia | Iceland | Diff | ||
Basic lunchtime menu (including a drink) in the business district | 5,597Dram (1,899 kr) | 5,459 kr | - 65% | |
Combo meal in fast food restaurant (big mac meal or similar) | 2,953Dram (1,002 kr) | 2,999 kr | - 67% | |
500 gr (1 lb.) of boneless chicken breast | 1,765Dram (599 kr) | 1,493 kr | - 60% | |
1 liter (1 qt.) of whole fat milk | 823Dram (279 kr) | 236 kr | + 18% | |
12 eggs, large | 1,861Dram (631 kr) | 1,045 kr | - 40% | |
1 kg (2 lb.) of tomatoes | 918Dram (311 kr) | 666 kr | - 53% | |
500 gr (16 oz.) of local cheese | 2,999Dram (1,018 kr) | 1,713 kr | - 41% | |
1 kg (2 lb.) of apples | 925Dram (314 kr) | 399 kr | - 21% | |
1 kg (2 lb.) of potatoes | 647Dram (220 kr) | 468 kr | - 53% | |
0.5 l (16 oz) domestic beer in the supermarket | 668Dram (227 kr) | 699 kr | - 68% | |
1 bottle of red table wine, good quality | 5,718Dram (1,940 kr) | 3,728 kr | - 48% | |
2 liters of coca-cola | 1,641Dram (557 kr) | 396 kr | + 41% | |
Bread for 2 people for 1 day | 457Dram (155 kr) | 589 kr | - 74% | |
Housing | - 68% | |||
Housing in Armenia is 68% cheaper than in Iceland | ||||
Armenia | Iceland | Diff | ||
Monthly rent for 85 m2 (900 sqft) furnished accommodation in expensive area | 597,160Dram (202,613 kr) | 337,107 kr | - 40% | |
Monthly rent for 85 m2 (900 sqft) furnished accommodation in normal area | 432,631Dram (146,789 kr) | 238,569 kr | - 38% | |
Utilities 1 month (heating, electricity, gas ...) for 2 people in 85m2 flat | 57,219Dram (19,414 kr) | 222,135 kr | - 91% | |
Monthly rent for a 45 m2 (480 sqft) furnished studio in expensive area | 450,581Dram (152,879 kr) | 246,021 kr | - 38% | |
Monthly rent for a 45 m2 (480 sqft) furnished studio in normal area | 228,829Dram (77,640 kr) | 155,625 kr | - 50% | |
Utilities 1 month (heating, electricity, gas ...) for 1 person in 45 m2 (480 sqft) studio | 27,489Dram (9,327 kr) | 62,145 kr | - 85% | |
Internet 8 mbps (1 month) | 6,746Dram (2,289 kr) | 21,072 kr | - 89% | |
40” flat screen tv | 191,466Dram (64,963 kr) | 150,515 kr | - 57% | |
Microwave 800/900 watt (bosch, panasonic, lg, sharp, or equivalent brands) | 73,375Dram (24,896 kr) | 24,394 kr | + 2% | |
Laundry detergent (3 l. ~ 100 oz.) | 7,681Dram (2,606 kr) | 3,236 kr | - 19% | |
Hourly rate for cleaning help | 2,500Dram (848 kr) | 7,154 kr | - 88% | |
Clothes | - 44% | |||
Clothes in Armenia is 44% cheaper than in Iceland | ||||
Armenia | Iceland | Diff | ||
1 pair of jeans (levis 501 or similar) | 51,110Dram (17,341 kr) | 16,280 kr | + 7% | |
1 summer dress in a high street store (zara, h&m or similar retailers) | 22,183Dram (7,526 kr) | 18,714 kr | - 60% | |
1 pair of sport shoes (nike, adidas, or equivalent brands) | 55,047Dram (18,677 kr) | 26,530 kr | - 30% | |
1 pair of men’s leather business shoes | 50,000Dram (16,965 kr) | 35,893 kr | - 53% | |
Transportation | - 74% | |||
Transportation in Armenia is 74% cheaper than in Iceland | ||||
Armenia | Iceland | Diff | ||
Volkswagen golf 1.4 tsi 150 cv (or equivalent), with no extras, new | 2,000,000Dram (678,588 kr) | 6,086,940 kr | - 89% | |
1 liter (1/4 gallon) of gas | 522Dram (177 kr) | 313 kr | - 43% | |
Monthly ticket public transport | 9,800Dram (3,325 kr) | 16,297 kr | - 80% | |
Personal Care | - 61% | |||
Personal Care in Armenia is 61% cheaper than in Iceland | ||||
Armenia | Iceland | Diff | ||
Cold medicine for 6 days (tylenol, frenadol, coldrex, or equivalent brands) | 1,446Dram (491 kr) | 2,500 kr | - 80% | |
1 box of antibiotics (12 doses) | 3,004Dram (1,019 kr) | 3,085 kr | - 67% | |
Short visit to private doctor (15 minutes) | 14,006Dram (4,752 kr) | 19,528 kr | - 76% | |
1 box of 32 tampons (tampax, ob, ...) | 1,668Dram (566 kr) | 750 kr | - 25% | |
Deodorant, roll-on (50ml ~ 1.5 oz.) | 1,615Dram (548 kr) | 665 kr | - 18% | |
Hair shampoo 2-in-1 (400 ml ~ 12 oz.) | 1,291Dram (438 kr) | 948 kr | - 54% | |
4 rolls of toilet paper | 1,166Dram (395 kr) | 863 kr | - 54% | |
Tube of toothpaste | 1,502Dram (510 kr) | 577 kr | - 12% | |
Standard men's haircut in expat area of the city | 5,271Dram (1,789 kr) | 6,596 kr | - 73% | |
Entertainment | - 52% | |||
Entertainment in Armenia is 52% cheaper than in Iceland | ||||
Armenia | Iceland | Diff | ||
Basic dinner out for two in neighborhood pub | 13,403Dram (4,547 kr) | 12,694 kr | - 64% | |
2 tickets to the movies | 7,317Dram (2,483 kr) | 5,796 kr | - 57% | |
2 tickets to the theater (best available seats) | 35,512Dram (12,049 kr) | 17,961 kr | - 33% | |
Dinner for two at an italian restaurant in the expat area including appetisers, main course, wine and dessert | 29,872Dram (10,135 kr) | 18,942 kr | - 46% | |
1 cocktail drink in downtown club | 3,230Dram (1,096 kr) | 3,082 kr | - 64% | |
Cappuccino in expat area of the city | 1,378Dram (467 kr) | 697 kr | - 33% | |
1 beer in neighbourhood pub (500ml or 1pt.) | 1,229Dram (417 kr) | 1,183 kr | - 65% | |
Ipad wi-fi 128gb | 450,000Dram (152,682 kr) | 179,000 kr | - 15% | |
1 min. of prepaid mobile tariff (no discounts or plans) | 15Dram (5 kr) | - | - | |
1 month of gym membership in business district | 30,320Dram (10,287 kr) | 38,993 kr | - 74% | |
1 package of marlboro cigarettes | 1,768Dram (600 kr) | 1,775 kr | - 66% | |
TOTAL | - 63% |
WARNING! This comparison is based on only a few data points. At this point it is only a guess. It is based on 463 prices entered by 60 different people.
These prices were last updated on March 15, 2024.
Exchange rate:
0.33929
ISK
/
AMD
Cost of living in Armenia is 63% cheaper than in Iceland
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