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Cost of Living in Armenia

When people think about moving to another country, Armenia might come to their minds and they might ask how much it costs to live there.

This mostly depends on your lifestyle and where you want to live, but most people would say that it is unbelievable cheap country.

On average, it can be said that living expenses are significantly lower if compared to other cities.

Armenia has to offer a lot, with an incredibly low cost of living in a prosperous country, but only if you live modest lives.

Restaurants

RESTAURANTS

People interested in eating out will be glad to hear that a meal at a restaurant can cost under $3 and the juices, domestic beers and wines are also extremely inexpensive as well.

Living in Armenia and eating daily in restaurants is not very hard for the tourists, as the prices are quite reasonable compared to the prices in Europe or America.

Average Restaurant Prices
Meal (Inexpensive Restaurant) $ 6.18
Domestic Beer (0.5 Liter) $ 1.24
Water (0.33 Liter) $ 0.44
Markets

MARKETS

Fruit and vegetable lover would feel satisfied to hear that the prices are so low that the cost of food at the local markets is almost negligible.

When you have a job, the prices at the local markets are based on to the average salary of the workers and they are rather cheap, so that everyone can afford food for their families.

Average Market Prices
Milk (1 Liter) $ 0.86
Loaf Bread (500g) $ 0.49
Eggs (12) $ 1.53
Transportation

TRANSPORTATION

Armenia is a country where you can live well even though you do not have much money.

Public transport is very inexpensive and every person can afford it.

Gasoline is also rather cheap in Armenia, so that you can afford driving there, too, especially if you are earning your wage out of the country.

Average Transport Prices
One Way Ticket $ 0.21
Monthly Pass $ 12.36
Gasoline $ 0.94
Utilities

UTILITIES (MONTHLY)

Unlike food, utilities and the Internet are not cheap in Armenia.

You have to spare at least $70 a month for basic utilities, such as heating, water and electricity, and they are necessary.

On the other hand, Armenia has very clean and rather inexpensive phone lines.

Average Utilities Prices
Basic (Water, Electricity, Garbage, Heating, Cooling) $ 76.46
1 min. of Prepaid Mobile Tariff Local $ 0.04
Internet (Unlimited Data, Cable/ADSL) $ 16.38
Sports and leisure

SPORTS & LEISURE

Sports people would not feel extremely satisfied with the fact that fitness club monthly fee is rather high and compared to minimum wages, it can be considered excessive.

It is noticeable that amusement and leisure are considered luxury in Armenia, so the prices are too high, but people still find ways to have fun.

 

Average Leisure Prices
Fitness Club, Monthly Fee for 1 Adult $ 48.52
Tennis Court Rent (1 Hour) $ 11.95
Cinema, 1 Seat, International Release $ 5.15
Clothing and shoes

CLOTHING & SHOES

Life in Armenia is cheaper comparing to some developed countries.

However, the prices of clothing and shoes are considered rather high in relation to the minimum wages.

If you earn $160 per month, it would be difficult to afford a pair of Nike running shoes which will take you half of the salary.

 

Average Clothing Prices
1 Pair of Jeans (Levis 501 Or Comparable) $ 51.23
1 Summer Dress in a Chain Store (Zara, etc...) $ 37.63
1 Pair of Adidas Walking Shoes (Mid-Range) $ 75.77
Rent per month

RENT PER MONTH

Living out of the center would be much affordable as the costs can easily be cut down by half or more in comparison to the city centers.

If you decide not to spend so much money on rent, you can live cheaply outside of the capital.

On the other hand, the rent for a very spacious apartment in the center of the capital city Yerevan costs approximately $200, which again is not expensive if you get salary from another country.

Average Rent Prices
Apartment (1 bedroom) in City Center $ 338.92
Apartment (1 bedroom) Outside of Center $ 184.34
Apartment (3 bedrooms) in City Center $ 631.75

How Does the Average Person Spend Their Money in Armenia?

Armenia has much to offer anyone for very little money.

The cost of survival in this country is particularly based on rent and markets and they take the greatest amount of income.

On all the other spheres, money is almost equally spent, meaning that people in Armenia devote money to their amusement at restaurants, sports and utilities as well.

Clothing is not of such a great importance to them, so they spend the least money on it, if they have something left after all the obligatory expenses are paid.

 

 

15.7%
30.4%
10.5%
6.2%
10.5%
4.9%
22%
Restaurants
Markets
Transportation
Utilities (Monthly)
Sports & Leisure
Clothing & Shoes
Rent Per Month

Armenia: Average Salary, Minimum Wage & Mortgages

In comparison to the minimum wage, it is noticeable that utilities cost a lot and renting an apartment can take almost the whole wage.

There is a huge difference between the cities and rural areas, when the prices of rent are in question, so those with lower salaries decide to live out of the city.

Still, they manage to survive and represent their country as a prosperous one.

Armenia is a heaven for foreigners in terms of low and affordable prices, but that it not the case with its residents.

Average Salary$ 323.11
Minimum Wage$ 163.1
Mortgage Interest Rate12.08%

Cost of Living by City in Armenia

*Click the name of the city for more information.

City Cost of Living Index
Yerevan 33.16

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