Cost of living in Armenia compared to Panama
Currency:
| Food | - 30% | |||
|---|---|---|---|---|
| Food in Armenia is 30% cheaper than in Panama | ||||
| Armenia | Panama | Diff | ||
| Basic lunchtime menu (including a drink) in the business district | 3,550Dram (9 B/.) | 16 B/. | - 42% | |
| Combo meal in fast food restaurant (big mac meal or similar) | 2,498Dram (6 B/.) | 8 B/. | - 16% | |
| 500 gr (1 lb.) of boneless chicken breast | 1,418Dram (3.68 B/.) | 4.47 B/. | - 18% | |
| 1 liter (1 qt.) of whole fat milk | 627Dram (1.63 B/.) | 1.69 B/. | - 3% | |
| 12 eggs, large | 936Dram (2.43 B/.) | 2.82 B/. | - 14% | |
| 1 kg (2 lb.) of tomatoes | 1,104Dram (2.87 B/.) | 2.47 B/. | + 16% | |
| 500 gr (16 oz.) of local cheese | 1,705Dram (4.43 B/.) | 8 B/. | - 45% | |
| 1 kg (2 lb.) of apples | 538Dram (1.40 B/.) | 2.85 B/. | - 51% | |
| 1 kg (2 lb.) of potatoes | 455Dram (1.18 B/.) | 2.19 B/. | - 46% | |
| 0.5 l (16 oz) domestic beer in the supermarket | 459Dram (1.19 B/.) | 1.53 B/. | - 22% | |
| 1 bottle of red table wine, good quality | 4,090Dram (11 B/.) | 17 B/. | - 37% | |
| 2 liters of coca-cola | 746Dram (1.94 B/.) | 2.52 B/. | - 23% | |
| Bread for 2 people for 1 day | 291Dram (0.75 B/.) | 1.63 B/. | - 54% | |
| Housing | - 3% | |||
| Housing in Armenia is about the same as in Panama | ||||
| Armenia | Panama | Diff | ||
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in expensive area | 507,700Dram (1,318 B/.) | 1,349 B/. | - 2% | |
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in normal area | 331,966Dram (862 B/.) | 907 B/. | - 5% | |
| Utilities 1 month (heating, electricity, gas ...) for 2 people in 85m2 flat | 57,219Dram (149 B/.) | 145 B/. | + 2% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in expensive area | 448,260Dram (1,164 B/.) | 936 B/. | + 24% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in normal area | 225,015Dram (584 B/.) | 930 B/. | - 37% | |
| Utilities 1 month (heating, electricity, gas ...) for 1 person in 45 m2 (480 sqft) studio | 27,489Dram (71 B/.) | 99 B/. | - 28% | |
| Internet 8 mbps (1 month) | 8,493Dram (22 B/.) | 45 B/. | - 51% | |
| 40” flat screen tv | 191,466Dram (497 B/.) | 332 B/. | + 50% | |
| Microwave 800/900 watt (bosch, panasonic, lg, sharp, or equivalent brands) | 73,375Dram (190 B/.) | 101 B/. | + 88% | |
| Laundry detergent (3 l. ~ 100 oz.) | 7,681Dram (20 B/.) | 7 B/. | + 168% | |
| Hourly rate for cleaning help | 4,830Dram (13 B/.) | 5.12 B/. | + 145% | |
| Clothes | + 106% | |||
| Clothes in Armenia is 106% more expensive than in Panama | ||||
| Armenia | Panama | Diff | ||
| 1 pair of jeans (levis 501 or similar) | 42,655Dram (111 B/.) | 48 B/. | + 132% | |
| 1 summer dress in a high street store (zara, h&m or similar retailers) | 27,091Dram (70 B/.) | 31 B/. | + 127% | |
| 1 pair of sport shoes (nike, adidas, or equivalent brands) | 51,334Dram (133 B/.) | 88 B/. | + 52% | |
| 1 pair of men’s leather business shoes | 50,000Dram (130 B/.) | 90 B/. | + 45% | |
| Transportation | - 36% | |||
| Transportation in Armenia is 36% cheaper than in Panama | ||||
| Armenia | Panama | Diff | ||
| Volkswagen golf 1.4 tsi 150 cv (or equivalent), with no extras, new | 2,000,000Dram (5,192 B/.) | 22,199 B/. | - 77% | |
| 1 liter (1/4 gallon) of gas | 429Dram (1.11 B/.) | 1.25 B/. | - 11% | |
| Monthly ticket public transport | 9,503Dram (25 B/.) | 36 B/. | - 31% | |
| Personal Care | - 22% | |||
| Personal Care in Armenia is 22% cheaper than in Panama | ||||
| Armenia | Panama | Diff | ||
| Cold medicine for 6 days (tylenol, frenadol, coldrex, or equivalent brands) | 1,446Dram (3.75 B/.) | 9 B/. | - 59% | |
| 1 box of antibiotics (12 doses) | 3,004Dram (8 B/.) | 24 B/. | - 67% | |
| Short visit to private doctor (15 minutes) | 11,915Dram (31 B/.) | 41 B/. | - 25% | |
| 1 box of 32 tampons (tampax, ob, ...) | 1,668Dram (4.33 B/.) | 7 B/. | - 41% | |
| Deodorant, roll-on (50ml ~ 1.5 oz.) | 2,553Dram (7 B/.) | 3.80 B/. | + 74% | |
| Hair shampoo 2-in-1 (400 ml ~ 12 oz.) | 1,774Dram (4.61 B/.) | 7 B/. | - 37% | |
| 4 rolls of toilet paper | 1,166Dram (3.03 B/.) | 3.78 B/. | - 20% | |
| Tube of toothpaste | 1,847Dram (4.80 B/.) | 3.41 B/. | + 40% | |
| Standard men's haircut in expat area of the city | 3,972Dram (10 B/.) | 15 B/. | - 32% | |
| Entertainment | - 7% | |||
| Entertainment in Armenia is 7% cheaper than in Panama | ||||
| Armenia | Panama | Diff | ||
| Basic dinner out for two in neighborhood pub | 13,105Dram (34 B/.) | 32 B/. | + 7% | |
| 2 tickets to the movies | 5,829Dram (15 B/.) | 15 B/. | - 0% | |
| 2 tickets to the theater (best available seats) | 15,311Dram (40 B/.) | 32 B/. | + 23% | |
| Dinner for two at an italian restaurant in the expat area including appetisers, main course, wine and dessert | 31,102Dram (81 B/.) | 54 B/. | + 50% | |
| 1 cocktail drink in downtown club | 3,230Dram (8 B/.) | 11 B/. | - 24% | |
| Cappuccino in expat area of the city | 1,829Dram (4.75 B/.) | 5.66 B/. | - 16% | |
| 1 beer in neighbourhood pub (500ml or 1pt.) | 1,400Dram (3.63 B/.) | 2.67 B/. | + 36% | |
| Ipad wi-fi 128gb | 450,000Dram (1,168 B/.) | 590 B/. | + 98% | |
| 1 min. of prepaid mobile tariff (no discounts or plans) | 17Dram (0.04 B/.) | 0.39 B/. | - 89% | |
| 1 month of gym membership in business district | 24,628Dram (64 B/.) | 51 B/. | + 25% | |
| 1 package of marlboro cigarettes | 895Dram (2.32 B/.) | 5.73 B/. | - 59% | |
| TOTAL | - 14% | |||
WARNING! This comparison is based on only a few data points. At this point it is only a guess. It is based on 1,158 prices entered by 114 different people.
These prices were last updated on May 30, 2023.
Exchange rate:
0.00260
PAB
/
AMD
Cost of living in Armenia is 14% cheaper than in Panama
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