Cost of living in Armenia compared to Panama
Currency:
Food | + 12% | |||
---|---|---|---|---|
Food in Armenia is 12% more expensive than in Panama | ||||
Armenia | Panama | Diff | ||
Basic lunchtime menu (including a drink) in the business district | 5,597Dram (14 B/.) | 13 B/. | + 3% | |
Combo meal in fast food restaurant (big mac meal or similar) | 2,953Dram (7 B/.) | 7 B/. | + 0% | |
500 gr (1 lb.) of boneless chicken breast | 1,765Dram (4.38 B/.) | 3.80 B/. | + 16% | |
1 liter (1 qt.) of whole fat milk | 823Dram (2.04 B/.) | 1.73 B/. | + 18% | |
12 eggs, large | 1,861Dram (4.62 B/.) | 3.37 B/. | + 37% | |
1 kg (2 lb.) of tomatoes | 918Dram (2.28 B/.) | 2.48 B/. | - 8% | |
500 gr (16 oz.) of local cheese | 2,999Dram (7 B/.) | 6 B/. | + 21% | |
1 kg (2 lb.) of apples | 925Dram (2.30 B/.) | 2.66 B/. | - 14% | |
1 kg (2 lb.) of potatoes | 647Dram (1.61 B/.) | 2.34 B/. | - 31% | |
0.5 l (16 oz) domestic beer in the supermarket | 668Dram (1.66 B/.) | 0.95 B/. | + 75% | |
1 bottle of red table wine, good quality | 5,718Dram (14 B/.) | 11 B/. | + 29% | |
2 liters of coca-cola | 1,641Dram (4.08 B/.) | 2.56 B/. | + 59% | |
Bread for 2 people for 1 day | 457Dram (1.13 B/.) | 1.27 B/. | - 11% | |
Housing | + 12% | |||
Housing in Armenia is 12% more expensive than in Panama | ||||
Armenia | Panama | Diff | ||
Monthly rent for 85 m2 (900 sqft) furnished accommodation in expensive area | 597,160Dram (1,483 B/.) | 1,244 B/. | + 19% | |
Monthly rent for 85 m2 (900 sqft) furnished accommodation in normal area | 432,631Dram (1,075 B/.) | 790 B/. | + 36% | |
Utilities 1 month (heating, electricity, gas ...) for 2 people in 85m2 flat | 57,219Dram (142 B/.) | 115 B/. | + 24% | |
Monthly rent for a 45 m2 (480 sqft) furnished studio in expensive area | 450,581Dram (1,119 B/.) | 755 B/. | + 48% | |
Monthly rent for a 45 m2 (480 sqft) furnished studio in normal area | 228,829Dram (568 B/.) | 507 B/. | + 12% | |
Utilities 1 month (heating, electricity, gas ...) for 1 person in 45 m2 (480 sqft) studio | 27,489Dram (68 B/.) | 98 B/. | - 30% | |
Internet 8 mbps (1 month) | 6,746Dram (17 B/.) | 36 B/. | - 53% | |
40” flat screen tv | 191,466Dram (476 B/.) | 308 B/. | + 54% | |
Microwave 800/900 watt (bosch, panasonic, lg, sharp, or equivalent brands) | 73,375Dram (182 B/.) | 98 B/. | + 87% | |
Laundry detergent (3 l. ~ 100 oz.) | 7,681Dram (19 B/.) | 7 B/. | + 158% | |
Hourly rate for cleaning help | 2,500Dram (6 B/.) | 10 B/. | - 39% | |
Clothes | + 85% | |||
Clothes in Armenia is 85% more expensive than in Panama | ||||
Armenia | Panama | Diff | ||
1 pair of jeans (levis 501 or similar) | 51,110Dram (127 B/.) | 49 B/. | + 159% | |
1 summer dress in a high street store (zara, h&m or similar retailers) | 22,183Dram (55 B/.) | 33 B/. | + 65% | |
1 pair of sport shoes (nike, adidas, or equivalent brands) | 55,047Dram (137 B/.) | 87 B/. | + 57% | |
1 pair of men’s leather business shoes | 50,000Dram (124 B/.) | 79 B/. | + 56% | |
Transportation | - 19% | |||
Transportation in Armenia is 19% cheaper than in Panama | ||||
Armenia | Panama | Diff | ||
Volkswagen golf 1.4 tsi 150 cv (or equivalent), with no extras, new | 2,000,000Dram (4,968 B/.) | 22,809 B/. | - 78% | |
1 liter (1/4 gallon) of gas | 522Dram (1.30 B/.) | 1.08 B/. | + 20% | |
Monthly ticket public transport | 9,800Dram (24 B/.) | 25 B/. | - 4% | |
Personal Care | - 20% | |||
Personal Care in Armenia is 20% cheaper than in Panama | ||||
Armenia | Panama | Diff | ||
Cold medicine for 6 days (tylenol, frenadol, coldrex, or equivalent brands) | 1,446Dram (3.59 B/.) | 8 B/. | - 57% | |
1 box of antibiotics (12 doses) | 3,004Dram (7 B/.) | 17 B/. | - 56% | |
Short visit to private doctor (15 minutes) | 14,006Dram (35 B/.) | 29 B/. | + 19% | |
1 box of 32 tampons (tampax, ob, ...) | 1,668Dram (4.14 B/.) | 5.50 B/. | - 25% | |
Deodorant, roll-on (50ml ~ 1.5 oz.) | 1,615Dram (4.01 B/.) | 3.21 B/. | + 25% | |
Hair shampoo 2-in-1 (400 ml ~ 12 oz.) | 1,291Dram (3.21 B/.) | 7 B/. | - 53% | |
4 rolls of toilet paper | 1,166Dram (2.90 B/.) | 2.68 B/. | + 8% | |
Tube of toothpaste | 1,502Dram (3.73 B/.) | 2.72 B/. | + 37% | |
Standard men's haircut in expat area of the city | 5,271Dram (13 B/.) | 15 B/. | - 14% | |
Entertainment | - 1% | |||
Entertainment in Armenia is about the same as in Panama | ||||
Armenia | Panama | Diff | ||
Basic dinner out for two in neighborhood pub | 13,403Dram (33 B/.) | 34 B/. | - 2% | |
2 tickets to the movies | 7,317Dram (18 B/.) | 12 B/. | + 50% | |
2 tickets to the theater (best available seats) | 35,512Dram (88 B/.) | 36 B/. | + 148% | |
Dinner for two at an italian restaurant in the expat area including appetisers, main course, wine and dessert | 29,872Dram (74 B/.) | 58 B/. | + 29% | |
1 cocktail drink in downtown club | 3,230Dram (8 B/.) | 10 B/. | - 19% | |
Cappuccino in expat area of the city | 1,378Dram (3.42 B/.) | 4.92 B/. | - 30% | |
1 beer in neighbourhood pub (500ml or 1pt.) | 1,229Dram (3.05 B/.) | 2.83 B/. | + 8% | |
Ipad wi-fi 128gb | 450,000Dram (1,118 B/.) | 663 B/. | + 68% | |
1 min. of prepaid mobile tariff (no discounts or plans) | 15Dram (0.04 B/.) | 0.29 B/. | - 87% | |
1 month of gym membership in business district | 30,320Dram (75 B/.) | 49 B/. | + 54% | |
1 package of marlboro cigarettes | 1,768Dram (4.39 B/.) | 5.65 B/. | - 22% | |
TOTAL | + 3% |
WARNING! This comparison is based on only a few data points. At this point it is only a guess. It is based on 726 prices entered by 93 different people.
These prices were last updated on March 16, 2024.
Exchange rate:
0.00248
PAB
/
AMD
Cost of living in Armenia is about the same as in Panama
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