Cost of living in Armenia compared to Panama
Currency:
| Food | - 6% | |||
|---|---|---|---|---|
| Food in Armenia is 6% cheaper than in Panama | ||||
| Armenia | Panama | Diff | ||
| Basic lunchtime menu (including a drink) in the business district | 4,420Dram (12 B/.) | 14 B/. | - 20% | |
| Combo meal in fast food restaurant (big mac meal or similar) | 3,494Dram (9 B/.) | 7 B/. | + 22% | |
| 500 gr (1 lb.) of boneless chicken breast | 1,652Dram (4.31 B/.) | 3.36 B/. | + 28% | |
| 1 liter (1 qt.) of whole fat milk | 861Dram (2.25 B/.) | 1.78 B/. | + 26% | |
| 12 eggs, large | 1,681Dram (4.38 B/.) | 3.03 B/. | + 45% | |
| 1 kg (2 lb.) of tomatoes | 1,287Dram (3.36 B/.) | 2.47 B/. | + 36% | |
| 500 gr (16 oz.) of local cheese | 2,510Dram (7 B/.) | 7 B/. | - 10% | |
| 1 kg (2 lb.) of apples | 911Dram (2.38 B/.) | 3.03 B/. | - 22% | |
| 1 kg (2 lb.) of potatoes | 347Dram (0.90 B/.) | 2.27 B/. | - 60% | |
| 0.5 l (16 oz) domestic beer in the supermarket | 558Dram (1.45 B/.) | 1.55 B/. | - 6% | |
| 1 bottle of red table wine, good quality | 5,228Dram (14 B/.) | 12 B/. | + 19% | |
| 2 liters of coca-cola | 1,129Dram (2.94 B/.) | 2.55 B/. | + 15% | |
| Bread for 2 people for 1 day | 302Dram (0.79 B/.) | 2.19 B/. | - 64% | |
| Housing | - 2% | |||
| 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 | 606,047Dram (1,580 B/.) | 1,591 B/. | - 1% | |
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in normal area | 381,176Dram (994 B/.) | 1,002 B/. | - 1% | |
| Utilities 1 month (heating, electricity, gas ...) for 2 people in 85m2 flat | 62,009Dram (162 B/.) | 153 B/. | + 5% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in expensive area | 399,840Dram (1,043 B/.) | 1,004 B/. | + 4% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in normal area | 271,162Dram (707 B/.) | 658 B/. | + 8% | |
| Utilities 1 month (heating, electricity, gas ...) for 1 person in 45 m2 (480 sqft) studio | 31,848Dram (83 B/.) | 97 B/. | - 14% | |
| Internet 8 mbps (1 month) | 6,592Dram (17 B/.) | 45 B/. | - 62% | |
| 40” flat screen tv | 300,000Dram (782 B/.) | 280 B/. | + 179% | |
| Microwave 800/900 watt (bosch, panasonic, lg, sharp, or equivalent brands) | 57,329Dram (150 B/.) | 131 B/. | + 14% | |
| Laundry detergent (3 l. ~ 100 oz.) | 7,500Dram (20 B/.) | 19 B/. | + 5% | |
| Hourly rate for cleaning help | 10,968Dram (29 B/.) | 11 B/. | + 170% | |
| Clothes | + 123% | |||
| Clothes in Armenia is 123% more expensive than in Panama | ||||
| Armenia | Panama | Diff | ||
| 1 pair of jeans (levis 501 or similar) | 56,917Dram (148 B/.) | 50 B/. | + 195% | |
| 1 summer dress in a high street store (zara, h&m or similar retailers) | 39,000Dram (102 B/.) | 49 B/. | + 108% | |
| 1 pair of sport shoes (nike, adidas, or equivalent brands) | 59,396Dram (155 B/.) | 110 B/. | + 41% | |
| 1 pair of men’s leather business shoes | 140,000Dram (365 B/.) | 146 B/. | + 149% | |
| Transportation | - 24% | |||
| Transportation in Armenia is 24% cheaper than in Panama | ||||
| Armenia | Panama | Diff | ||
| Volkswagen golf 1.4 tsi 150 cv (or equivalent), with no extras, new | 1,250,000Dram (3,260 B/.) | 24,370 B/. | - 87% | |
| 1 liter (1/4 gallon) of gas | 536Dram (1.40 B/.) | 0.97 B/. | + 44% | |
| Monthly ticket public transport | 8,881Dram (23 B/.) | 27 B/. | - 15% | |
| Personal Care | + 6% | |||
| Personal Care in Armenia is 6% more expensive than in Panama | ||||
| Armenia | Panama | Diff | ||
| Cold medicine for 6 days (tylenol, frenadol, coldrex, or equivalent brands) | 5,000Dram (13 B/.) | 10 B/. | + 26% | |
| 1 box of antibiotics (12 doses) | 10,000Dram (26 B/.) | 19 B/. | + 37% | |
| Short visit to private doctor (15 minutes) | 19,792Dram (52 B/.) | 80 B/. | - 36% | |
| 1 box of 32 tampons (tampax, ob, ...) | 3,393Dram (9 B/.) | 11 B/. | - 23% | |
| Deodorant, roll-on (50ml ~ 1.5 oz.) | 4,375Dram (11 B/.) | 7 B/. | + 60% | |
| Hair shampoo 2-in-1 (400 ml ~ 12 oz.) | 3,500Dram (9 B/.) | 9 B/. | + 7% | |
| 4 rolls of toilet paper | 1,286Dram (3.35 B/.) | 4.49 B/. | - 25% | |
| Tube of toothpaste | 1,979Dram (5.16 B/.) | 3.34 B/. | + 55% | |
| Standard men's haircut in expat area of the city | 4,716Dram (12 B/.) | 40 B/. | - 69% | |
| Entertainment | - 14% | |||
| Entertainment in Armenia is 14% cheaper than in Panama | ||||
| Armenia | Panama | Diff | ||
| Basic dinner out for two in neighborhood pub | 11,129Dram (29 B/.) | 36 B/. | - 19% | |
| 2 tickets to the movies | 8,195Dram (21 B/.) | 11 B/. | + 89% | |
| 2 tickets to the theater (best available seats) | 44,792Dram (117 B/.) | 35 B/. | + 234% | |
| Dinner for two at an italian restaurant in the expat area including appetisers, main course, wine and dessert | 39,824Dram (104 B/.) | 66 B/. | + 58% | |
| 1 cocktail drink in downtown club | 4,153Dram (11 B/.) | 17 B/. | - 36% | |
| Cappuccino in expat area of the city | 1,662Dram (4.34 B/.) | 8 B/. | - 48% | |
| 1 beer in neighbourhood pub (500ml or 1pt.) | 1,469Dram (3.83 B/.) | 4.62 B/. | - 17% | |
| Ipad wi-fi 128gb | 400,000Dram (1,043 B/.) | 805 B/. | + 30% | |
| 1 min. of prepaid mobile tariff (no discounts or plans) | 25Dram (0.07 B/.) | 0.50 B/. | - 87% | |
| 1 month of gym membership in business district | 41,771Dram (109 B/.) | 57 B/. | + 90% | |
| 1 package of marlboro cigarettes | 1,250Dram (3.26 B/.) | 8 B/. | - 60% | |
| TOTAL | - 5% | |||
This comparison is lacking data. It provides a decent comparison, but it is not yet reliable. It is based on 444 prices entered by 55 different people.
These prices were last updated on May 07, 2025.
Exchange rate:
0.00261
PAB
/
AMD
Cost of living in Armenia is 5% cheaper than in Panama
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