Armenia vs Panama - Cost of Living Comparison

ArmeniaPanama
🚶 Cost of living One person
$592
$1092
👨‍👩‍👧‍👦 Cost of living Family
$1443
$2535
🏠 One person rent
$287
$577
🏘️ Family rent
$523
$921
🍽️ Food Expenses
$210
$364
🚐 Transport Expenses
$27.5
$65
💳 Monthly salary after tax
$372
$751
💸 GDP per capita
$4267
$12269
😃 Human freedom index
7.44
7.62
❤️ Life expectancy
75.1
78.5
👮 Corruption perceptions index
49
35
🏙️ Population
2.93M
4.1M

The average cost of living in Armenia ($592) is 46% less expensive than in Panama ($1092). Armenia ranked 149th vs 56th for Panama in the list of the most expensive countries in the world.

The average after-tax salary is enough to cover living expenses for 0.6 months in Armenia compared to 0.7 months in Panama. Ranked 75th and 54th best countries to live in the world.

Cost of living in Armenia vs Panama infographic

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Prices in Armenia vs Panama

ArmeniaPanama
Eating Out
🍱 Lunch Menu
$5.12
$7.5
🥂 Dinner in a Restaurant, for 2
$26.7
$32.7
🥪 Fast food meal, equiv. McDonald's
$4.7
$6.8
🍻 Beer in a Pub, 0.5 L or 16 fl oz
$1.14
$2.56
☕ Cappuccino
$1.83
$3.51
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz
$0.62
$1.33
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2
$341
$679
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2
$197
$412
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2
$704
$1121
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2
$372
$684
🔌 Utility Bill one person, electricity, heating, water, etc.
$43.7
$70.5
🔌 Utility Bill for a Family, electricity, heating, water, etc.
$67.5
$108
🌐 Internet plan, 50 Mbps+ 1 month unlimited
$17.3
$41.7
🏦 Mortgage Interest Rate for 20 Years
11.96%
6.18%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2
$1581
$1937
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2
$835
$1339
Transportation
🚌 Local transport ticket
$0.2
$0.39
🎟️ Monthly ticket local transport
$13.4
$32
🚕 Taxi Ride, 8 km or 5 mi
$2.76
$13.8
⛽ Gas / Petrol, 1 L or 0.26 gal
$0.81
$0.8
Groceries
🥛 Milk, 1 L or 1 qt
$0.89
$1.51
🍞 Bread, 0.5 kg or 1.1 lb
$0.46
$1.81
🍚 Rice, 1 kg or 2.2 lb
$1.3
$1.87
🥚 Eggs, x12
$1.63
$2.19
🧀 Cheese, 1 kg or 2.2 lb
$4.5
$9.82
🐔 Chicken Breast, 1 kg or 2.2 lb
$4.35
$6.19
🥩 Round Steak, 1 kg or 2.2 lb
$6.85
$9.76
🍏 Apples, 1 kg or 2.2 lb
$0.93
$2.85
🍌 Banana, 1 kg or 2.2 lb
$1.35
$1.62
🍊 Oranges, 1 kg or 2.2 lb
$1.36
$2.44
🍅 Tomato, 1 kg or 2.2 lb
$1.1
$2.71
🥔 Potato, 1 kg or 2.2 lb
$0.45
$2
🧅 Onion, 1 kg or 2.2 lb
$0.55
$2.08
🌊 Water, 1 L or 1 qt
$0.32
$0.93
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz
$1.25
$2.19
🍾 Wine (mid-priced), 750 mL bottle
$5.7
$9.01
🍺 Beer, 0.5 L or 16 fl oz
$0.9
$1.01
🚬 Cigarette pack
$1.51
$5.33
💊 Cold medicince, 1 week
$5.99
$11.8
🧴 Hair Shampoo
$2.69
$5.64
🧻 Toilet paper, 4 rolls
$1.18
$2.59
👄 Toothpaste, 1 tube
$1.54
$2.17
Other
🏋️ Gym Membership, 1 month
$47.1
$37.8
🎫 Cinema Ticket, 1 person
$4.48
$5.89
👩‍⚕️ Doctor's visit
$13.3
$45.9
💇 Haircut, simple
$2.8
$9.66
👖 Brand Jeans
$52.1
$44.5
👟 Brand Sneakers
$82.7
$67.3
👶 Daycare or Preschool, 1 month
$123
$299
🏫 International Primary School, 1 year
$3982
$10497

More countries to compare

Cost of Living in Popular cities

In Armenia

CityCost of livingPopulation
Yerevan
$617
1.08M
Vanadzor
$566
90.5K
Gyumri
$491
122K
Abovyan
$556
44.4K
Kapan
$513
43.2K
Armavir
$511
38.6K
Ashtarak
$596
21.6K
Masis
$564
21.4K
Goris
$512
20.6K
Spitak
$512
15K

In Panama

CityCost of livingPopulation
Panama City
$1220
881K
Colon
$1181
242K
David
$762
145K
Tocumen
$899
103K
La Chorrera
$817
68.9K
Balboa
$921
62.9K
Santiago de Veraguas
$919
50.9K
Chitre
$916
46.2K
Pacora
$780
52.5K
Penonome
$920
21.7K