Cost of living in Armenia compared to Panama
Currency:
| Food | - 59% | |||
|---|---|---|---|---|
| Food in Armenia is 59% cheaper than in Panama | ||||
| Armenia | Panama | Diff | ||
| Basic lunchtime menu (including a drink) in the business district | 2,098Dram (4.61 B/.) | 20 B/. | - 77% | |
| Combo meal in fast food restaurant (big mac meal or similar) | 2,105Dram (4.62 B/.) | 8 B/. | - 39% | |
| 500 gr (1 lb.) of boneless chicken breast | 947Dram (2.08 B/.) | 3.21 B/. | - 35% | |
| 1 liter (1 qt.) of whole fat milk | 525Dram (1.15 B/.) | 1.60 B/. | - 28% | |
| 12 eggs, large | 965Dram (2.12 B/.) | 2.57 B/. | - 18% | |
| 1 kg (2 lb.) of tomatoes | 565Dram (1.24 B/.) | 2.32 B/. | - 46% | |
| 500 gr (16 oz.) of local cheese | 1,251Dram (2.75 B/.) | 8 B/. | - 65% | |
| 1 kg (2 lb.) of apples | 745Dram (1.64 B/.) | 2.42 B/. | - 32% | |
| 1 kg (2 lb.) of potatoes | 306Dram (0.67 B/.) | 2.44 B/. | - 72% | |
| 0.5 l (16 oz) domestic beer in the supermarket | 424Dram (0.93 B/.) | 1.48 B/. | - 37% | |
| 1 bottle of red table wine, good quality | 3,281Dram (7 B/.) | 16 B/. | - 54% | |
| 2 liters of coca-cola | 614Dram (1.35 B/.) | 2.49 B/. | - 46% | |
| Bread for 2 people for 1 day | 208Dram (0.46 B/.) | 2.02 B/. | - 77% | |
| Housing | - 29% | |||
| Housing in Armenia is 29% cheaper than in Panama | ||||
| Armenia | Panama | Diff | ||
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in expensive area | 479,262Dram (1,053 B/.) | 1,294 B/. | - 19% | |
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in normal area | 346,044Dram (760 B/.) | 748 B/. | + 2% | |
| Utilities 1 month (heating, electricity, gas ...) for 2 people in 85m2 flat | 37,903Dram (83 B/.) | 94 B/. | - 12% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in expensive area | 217,178Dram (477 B/.) | 860 B/. | - 45% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in normal area | 139,763Dram (307 B/.) | 480 B/. | - 36% | |
| Utilities 1 month (heating, electricity, gas ...) for 1 person in 45 m2 (480 sqft) studio | 22,824Dram (50 B/.) | 75 B/. | - 33% | |
| Internet 8 mbps (1 month) | 5,307Dram (12 B/.) | 30 B/. | - 61% | |
| 40” flat screen tv | 234,149Dram (514 B/.) | 331 B/. | + 55% | |
| Microwave 800/900 watt (bosch, panasonic, lg, sharp, or equivalent brands) | 55,000Dram (121 B/.) | 136 B/. | - 11% | |
| Laundry detergent (3 l. ~ 100 oz.) | 4,180Dram (9 B/.) | 7 B/. | + 26% | |
| Hourly rate for cleaning help | - | 16 B/. | - | |
| Clothes | + 10% | |||
| Clothes in Armenia is 10% more expensive than in Panama | ||||
| Armenia | Panama | Diff | ||
| 1 pair of jeans (levis 501 or similar) | 45,285Dram (99 B/.) | 47 B/. | + 111% | |
| 1 summer dress in a high street store (zara, h&m or similar retailers) | 12,000Dram (26 B/.) | 38 B/. | - 30% | |
| 1 pair of sport shoes (nike, adidas, or equivalent brands) | 43,672Dram (96 B/.) | 76 B/. | + 26% | |
| 1 pair of men’s leather business shoes | 42,643Dram (94 B/.) | 80 B/. | + 18% | |
| Transportation | - 27% | |||
| Transportation in Armenia is 27% cheaper than in Panama | ||||
| Armenia | Panama | Diff | ||
| Volkswagen golf 1.4 tsi 150 cv (or equivalent), with no extras, new | 12,300,000Dram (27,016 B/.) | 20,986 B/. | + 29% | |
| 1 liter (1/4 gallon) of gas | 424Dram (0.93 B/.) | 1.20 B/. | - 23% | |
| Monthly ticket public transport | 6,279Dram (14 B/.) | 38 B/. | - 63% | |
| Personal Care | - 68% | |||
| Personal Care in Armenia is 68% cheaper than in Panama | ||||
| Armenia | Panama | Diff | ||
| Cold medicine for 6 days (tylenol, frenadol, coldrex, or equivalent brands) | 500Dram (1.10 B/.) | 7 B/. | - 85% | |
| 1 box of antibiotics (12 doses) | 1,000Dram (2.20 B/.) | 24 B/. | - 91% | |
| Short visit to private doctor (15 minutes) | 6,525Dram (14 B/.) | 64 B/. | - 78% | |
| 1 box of 32 tampons (tampax, ob, ...) | 3,000Dram (7 B/.) | 6 B/. | + 2% | |
| Deodorant, roll-on (50ml ~ 1.5 oz.) | 1,137Dram (2.50 B/.) | 5.29 B/. | - 53% | |
| Hair shampoo 2-in-1 (400 ml ~ 12 oz.) | 550Dram (1.21 B/.) | 7 B/. | - 83% | |
| 4 rolls of toilet paper | 629Dram (1.38 B/.) | 2.83 B/. | - 51% | |
| Tube of toothpaste | 1,200Dram (2.64 B/.) | 3.32 B/. | - 21% | |
| Standard men's haircut in expat area of the city | 2,816Dram (6 B/.) | 16 B/. | - 62% | |
| Entertainment | - 41% | |||
| Entertainment in Armenia is 41% cheaper than in Panama | ||||
| Armenia | Panama | Diff | ||
| Basic dinner out for two in neighborhood pub | 6,069Dram (13 B/.) | 42 B/. | - 69% | |
| 2 tickets to the movies | 4,037Dram (9 B/.) | 13 B/. | - 29% | |
| 2 tickets to the theater (best available seats) | 20,000Dram (44 B/.) | 67 B/. | - 34% | |
| Dinner for two at an italian restaurant in the expat area including appetisers, main course, wine and dessert | 12,327Dram (27 B/.) | 55 B/. | - 51% | |
| 1 cocktail drink in downtown club | 2,153Dram (4.73 B/.) | 7 B/. | - 30% | |
| Cappuccino in expat area of the city | 1,303Dram (2.86 B/.) | 4.27 B/. | - 33% | |
| 1 beer in neighbourhood pub (500ml or 1pt.) | 936Dram (2.06 B/.) | 3.13 B/. | - 34% | |
| Ipad wi-fi 128gb | 400,000Dram (879 B/.) | 882 B/. | - 0% | |
| 1 min. of prepaid mobile tariff (no discounts or plans) | 25Dram (0.05 B/.) | 0.30 B/. | - 82% | |
| 1 month of gym membership in business district | 22,212Dram (49 B/.) | 51 B/. | - 4% | |
| 1 package of marlboro cigarettes | 713Dram (1.57 B/.) | 7 B/. | - 77% | |
| TOTAL | - 39% | |||
This comparison is lacking data. It provides a decent comparison, but it is not yet reliable. It is based on 698 prices entered by 77 different people.
These prices were last updated on May 15, 2022.
Exchange rate:
0.00220
PAB
/
AMD
Cost of living in Armenia is 39% cheaper than in Panama
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