Armenia vs Monaco - Cost of Living Comparison

Armenia Monaco
🚶 Cost of living one person
$884
$3585
👨‍👩‍👧‍👦 Cost of living Family
$2044
$8352
🏠 One person rent
$486
$2652
🏘️ Family rent
$832
$4903
🍽️ Food expenses
$277
$675
🚐 Transport expenses
$34.8
$72.7
💳 Monthly salary after tax
$465
$5732
💸 GDP per capita
$4266
$174K
😃 Human freedom index
8.2
8.7
❤️ Life expectancy
75.2
89.7
👮 Corruption perceptions index
49
82
🌐 English speaking %
8%
40%
🎓 Higher education
55
33
😀 Quality of life
57
65
🏙️ Population
2.93M
38.4K

The average cost of living in Armenia ($884) is 75% less expensive than in Monaco ($3585). Armenia ranked 82nd vs 1st for Monaco in the list of the most expensive countries in the world.

The average after-tax salary is enough to cover living expenses for 0.5 months in Armenia compared to 1.6 months in Monaco. Ranked 65th and 43rd best countries to live in the world.

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the estimated difference in money purchasing power

Cost of living in Armenia vs Monaco infographic

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Prices in Armenia vs Monaco

We calculate prices for Armenia and Monaco as a population-weighted mean of 10 and 2 cities, respectively. Since large cities tend to have a higher cost of living, it's better to visit specific city pages below for more relevant information.

Armenia Monaco
Eating Out
🍱 Lunch Menu
$6.76
$25.4
🥂 Dinner in a Restaurant, for 2
$31.9
$90.2
🥪 Fast food meal, equiv. McDonald's
$6.09
$9.42
🍻 Beer in a Pub, 0.5 L or 16 fl oz
$1.36
$7.91
 Cappuccino
$2.51
$4.72
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz
$0.84
$4.79
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2
$568
$3660
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2
$377
$2180
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2
$1071
$5434
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2
$647
$4475
🔌 Utility Bill one person, electricity, heating, water, etc.
$52.4
$110
🔌 Utility Bill for a Family, electricity, heating, water, etc.
$81
$170
🌐 Internet plan, 50 Mbps+ 1 month unlimited
$18.6
$66
🏦 Mortgage Interest Rate for 20 Years
11.85%
1.9%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2
$1986
$62186
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2
$923
$43355
Transportation
🚌 Local transport ticket
$0.26
$2.18
🎟️ Monthly ticket local transport
$14.3
$37.1
🚕 Taxi Ride, 8 km or 5 mi
$3.42
$30.1
 Gas / Petrol, 1 L or 0.26 gal
$1.25
$2.03
Groceries
🥛 Milk, 1 L or 1 qt
$1.18
$2
🍞 Bread, 0.5 kg or 1.1 lb
$0.58
$3.18
🍚 Rice, 1 kg or 2.2 lb
$2.09
$2.75
🥚 Eggs, x12
$2.14
$3.96
🧀 Cheese, 1 kg or 2.2 lb
$6.71
$18.1
🐔 Chicken Breast, 1 kg or 2.2 lb
$6.25
$13.3
🥩 Round Steak, 1 kg or 2.2 lb
$9.68
$15.5
🍏 Apples, 1 kg or 2.2 lb
$1.12
$2.86
🍌 Banana, 1 kg or 2.2 lb
$1.66
$2.02
🍊 Oranges, 1 kg or 2.2 lb
$1.68
$2.2
🍅 Tomato, 1 kg or 2.2 lb
$1.85
$2.74
🥔 Potato, 1 kg or 2.2 lb
$0.72
$3.47
🧅 Onion, 1 kg or 2.2 lb
$0.72
$2.63
🌊 Water, 1 L or 1 qt
$0.42
$1.45
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz
$1.51
$3.63
🍾 Wine (mid-priced), 750 mL bottle
$7.04
$14.1
🍺 Beer, 0.5 L or 16 fl oz
$1.09
$2.07
🚬 Cigarette pack
$1.87
$8.44
💊 Cold medicince, 1 week
$7.2
$14.6
🧴 Hair Shampoo
$2.93
$7.53
🧻 Toilet paper, 4 rolls
$1.63
$7.39
👄 Toothpaste, 1 tube
$1.86
$2.55
Other
🏋️ Gym Membership, 1 month
$54.9
$101
🎫 Cinema Ticket, 1 person
$5.51
$13.5
👩‍⚕️ Doctor's visit
$18.6
$82.6
💇 Haircut, simple
$4.07
$37
👖 Brand Jeans
$67.8
$83.3
👟 Brand Sneakers
$99.2
$118
👶 Daycare or Preschool, 1 month
$239
$2521
🏫 International Primary School, 1 year
$5095
$25547

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Cities Comparison in Armenia vs Monaco

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Cost of Living in Popular cities

In Armenia

City Cost of living Population
Yerevan
$976
1.08M
Gyumri
$529
122K
Vanadzor
$690
90.5K
Abovyan
$675
44.4K
Kapan
$746
43.2K
Armavir
$687
38.6K
Ashtarak
$749
21.6K
Goris
$746
20.6K
Masis
$511
21.4K
Spitak
$743
15K

In Monaco

City Cost of living Population
Monaco City
$3521
38.4K
Monte Carlo
$3747
15.2K