Armenia vs Panama - Cost of Living Comparison

Updated:

Livingcost

Armenia Panama
🚶 Cost of living one person
$1067
$1198
👨‍👩‍👧‍👦 Cost of living Family
$2416
$2872
🏠 One person rent
$607
$624
🏘️ Family rent
$1003
$1080
🍽️ Food expenses
$320
$416
🚐 Transport expenses
$34.2
$61.7
💳 Monthly salary after tax
$551
$895
💸 GDP per capita
$7018
$17358
😃 Human freedom index
7.99
7.57
❤️ Life expectancy
72
76.2
👮 Corruption perceptions index
47
35
🌐 English speaking %
8%
14%
🎓 Higher education
51
46
😀 Quality of life
52
56
🏙️ Population
2.93M
4.1M

The average cost of living in Armenia ($1067) is 11% less expensive than in Panama ($1198). Armenia ranked 73rd vs 53rd 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 0.5 months in Armenia compared to 0.7 months in Panama. Ranked 80th and 71st best countries to live in the world.

Salary adjustment calculator
the estimated difference in money purchasing power

Cost of living in Armenia vs Panama infographic

Share this infographic!

Prices in Armenia vs Panama

We calculate prices for Armenia and Panama as a population-weighted mean of 10 and 10 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 Panama
Eating Out
🍱 Lunch Menu
$8.86
$9.95
🥂 Dinner in a Restaurant, for 2
$45.4
$48.7
🥪 Fast food meal, equiv. McDonald's
$7.15
$7.78
🍻 Beer in a Pub, 0.5 L or 16 fl oz
$1.86
$2.46
 Cappuccino
$2.85
$3.95
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz
$0.94
$1.75
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2
$715
$712
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2
$480
$447
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2
$1261
$1430
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2
$802
$794
🔌 Utility Bill one person, electricity, heating, water, etc.
$62.4
$78.8
🔌 Utility Bill for a Family, electricity, heating, water, etc.
$96.2
$121
🌐 Internet plan, 50 Mbps+ 1 month unlimited
$20.3
$47.1
🏦 Mortgage Interest Rate for 20 Years
13.67%
6.05%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2
$2591
$2303
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2
$1251
$1386
Transportation
🚌 Local transport ticket
$0.26
$0.4
🎟️ Monthly ticket local transport
$12.4
$28.6
🚕 Taxi Ride, 8 km or 5 mi
$4.14
$13
 Gas / Petrol, 1 L or 0.26 gal
$1.14
$1.08
Groceries
🥛 Milk, 1 L or 1 qt
$1.4
$1.73
🍞 Bread, 0.5 kg or 1.1 lb
$0.68
$2.21
🍚 Rice, 1 kg or 2.2 lb
$2.19
$1.93
🥚 Eggs, x12
$2.09
$2.59
🧀 Cheese, 1 kg or 2.2 lb
$7.95
$11.1
🐔 Chicken Breast, 1 kg or 2.2 lb
$7.15
$7.31
🥩 Round Steak, 1 kg or 2.2 lb
$11
$8.61
🍏 Apples, 1 kg or 2.2 lb
$1.1
$3.02
🍌 Banana, 1 kg or 2.2 lb
$1.69
$1.36
🍊 Oranges, 1 kg or 2.2 lb
$1.63
$2.82
🍅 Tomato, 1 kg or 2.2 lb
$1.82
$2.86
🥔 Potato, 1 kg or 2.2 lb
$0.66
$2.14
🧅 Onion, 1 kg or 2.2 lb
$0.65
$2.02
🌊 Water, 1 L or 1 qt
$0.44
$0.96
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz
$2.91
$2.52
🍾 Wine (mid-priced), 750 mL bottle
$9.37
$9.18
🍺 Beer, 0.5 L or 16 fl oz
$1.26
$1.14
🚬 Cigarette pack
$2.44
$6.14
💊 Cold medicince, 1 week
$5.42
$11.2
🧴 Hair Shampoo
$3.27
$6.03
🧻 Toilet paper, 4 rolls
$2.31
$3.11
👄 Toothpaste, 1 tube
$2.83
$3.07
Other
🏋️ Gym Membership, 1 month
$58.5
$38.1
🎫 Cinema Ticket, 1 person
$6.72
$6.71
👩‍⚕️ Doctor's visit
$24.5
$45.4
💇 Haircut, simple
$7.44
$11.5
👖 Brand Jeans
$77.4
$53.7
👟 Brand Sneakers
$123
$81.7
👶 Daycare or Preschool, 1 month
$262
$408
🏫 International Primary School, 1 year
$7352
$9399

Cost of living in other countries

Cost of living

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 Panama

City Cost of living Population
Panama City
$1316
881K
Colon
$1157
242K
Tocumen
$1171
103K
Santiago de Veraguas
$961
89K
David
$789
82.9K
La Chorrera
$917
68.9K
Balboa
$1189
62.9K
Pacora
$1182
52.5K
Chitre
$980
46.2K
Penonome
$940
21.7K