Armenia vs Monaco - Cost of Living Comparison

Updated:

Livingcost

Armenia Monaco
🚶 Cost of living one person
$1067
$6538
👨‍👩‍👧‍👦 Cost of living Family
$2416
$11488
🏠 One person rent
$607
$5568
🏘️ Family rent
$1003
$7930
🍽️ Food expenses
$320
$702
🚐 Transport expenses
$34.2
$54.7
💳 Monthly salary after tax
$551
$5660
💸 GDP per capita
$7018
$241K
😃 Human freedom index
7.99
8.7
❤️ Life expectancy
72
89.7
👮 Corruption perceptions index
47
82
🌐 English speaking %
8%
40%
🎓 Higher education
51
42
😀 Quality of life
52
86
🏙️ Population
2.93M
38.4K

The average cost of living in Armenia ($1067) is 84% less expensive than in Monaco ($6538). Armenia ranked 73rd 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 0.9 months in Monaco. Ranked 80th and 22nd best countries to live in the world.

Salary adjustment calculator
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
$8.86
$25.9
🥂 Dinner in a Restaurant, for 2
$45.4
$87
🥪 Fast food meal, equiv. McDonald's
$7.15
$11
🍻 Beer in a Pub, 0.5 L or 16 fl oz
$1.86
$8.6
 Cappuccino
$2.85
$4.63
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz
$0.94
$5.3
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2
$715
$6781
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2
$480
$4924
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2
$1261
$7608
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2
$802
$7545
🔌 Utility Bill one person, electricity, heating, water, etc.
$62.4
$189
🔌 Utility Bill for a Family, electricity, heating, water, etc.
$96.2
$290
🌐 Internet plan, 50 Mbps+ 1 month unlimited
$20.3
$82.4
🏦 Mortgage Interest Rate for 20 Years
13.67%
2.67%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2
$2591
$76573
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2
$1251
$54389
Transportation
🚌 Local transport ticket
$0.26
$2.08
🎟️ Monthly ticket local transport
$12.4
$27.2
🚕 Taxi Ride, 8 km or 5 mi
$4.14
$19.8
 Gas / Petrol, 1 L or 0.26 gal
$1.14
$2.29
Groceries
🥛 Milk, 1 L or 1 qt
$1.4
$2.11
🍞 Bread, 0.5 kg or 1.1 lb
$0.68
$4.44
🍚 Rice, 1 kg or 2.2 lb
$2.19
$3.9
🥚 Eggs, x12
$2.09
$4.13
🧀 Cheese, 1 kg or 2.2 lb
$7.95
$16.3
🐔 Chicken Breast, 1 kg or 2.2 lb
$7.15
$12.7
🥩 Round Steak, 1 kg or 2.2 lb
$11
$16.3
🍏 Apples, 1 kg or 2.2 lb
$1.1
$3.08
🍌 Banana, 1 kg or 2.2 lb
$1.69
$2.15
🍊 Oranges, 1 kg or 2.2 lb
$1.63
$2.91
🍅 Tomato, 1 kg or 2.2 lb
$1.82
$5.01
🥔 Potato, 1 kg or 2.2 lb
$0.66
$2.11
🧅 Onion, 1 kg or 2.2 lb
$0.65
$3.21
🌊 Water, 1 L or 1 qt
$0.44
$0.97
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz
$2.91
$3.57
🍾 Wine (mid-priced), 750 mL bottle
$9.37
$13.4
🍺 Beer, 0.5 L or 16 fl oz
$1.26
$1.82
🚬 Cigarette pack
$2.44
$12.7
💊 Cold medicince, 1 week
$5.42
$13.3
🧴 Hair Shampoo
$3.27
$8.91
🧻 Toilet paper, 4 rolls
$2.31
$8.58
👄 Toothpaste, 1 tube
$2.83
$2.87
Other
🏋️ Gym Membership, 1 month
$58.5
$81.9
🎫 Cinema Ticket, 1 person
$6.72
$14.2
👩‍⚕️ Doctor's visit
$24.5
$83.7
💇 Haircut, simple
$7.44
$41.2
👖 Brand Jeans
$77.4
$114
👟 Brand Sneakers
$123
$175
👶 Daycare or Preschool, 1 month
$262
$2102
🏫 International Primary School, 1 year
$7352
$35691

Cost of living in other countries

Cost of living

Cities Comparison in Armenia vs Monaco

More countries to compare

Cost of Living in Popular cities

In Armenia

City Cost of living Population
Yerevan
$1187
1.08M
Abovyan
$968
44.4K
Armavir
$861
38.6K
Gyumri
$597
122K
Kapan
$878
43.2K
Vanadzor
$690
90.5K
Ashtarak
$691
21.6K
Masis
$990
21.4K
Goris
$884
20.6K
Spitak
$778
15K

In Monaco

City Cost of living Population
Monaco City
$7262
38.4K
Monte Carlo
$4714
15.2K