When Yerevan is in question, it is not unusual that most things that visitors are interested in are cheap.
It is an amazing city with lots to offer and satisfy everyone’s taste.
Still, Yerevan is a heaven for tourists and foreigners who earn their salaries in Dollars or Euros.
Nevertheless, for its inhabitants, nothing is cheap, as their wages are rather low.
As in any other country, you can find cheap things in local markets and stores, but the more fashionable store the higher are the prices.
As not all Yerevan citizens get high salaries, the pleasure of visiting restaurants and eating out is mostly left to tourists and foreigners.
Though the prices are not too affordable, if the minimum wages are taken into consideration.
However, for people from other countries, eating out would not be inaccessible.
If you prefer to prepare a meal yourself, Yerevan has numerous supermarkets and markets where you can find foodstuff and ingredients at reasonable prices.
Vegetables and fruits will be fresh there, and your money will be saved for something else to pay.
At first, there is cheap public transportation all over the country and Yerevan has a subway, trolleys, buses, vans, and trains.
No matter how far you go, if you choose to travel by a mini-van or subway, it will cost you $ 0.25, while traveling by taxi will cost you $0.25 per kilometer.
The telephone calls are the only utility that is considered cheap in Yerevan.
All the other services are rather expensive and take much of their monthly wage, as $70 per month is not at all negligible.
The Internet connections are good and the price is not very high.
SPORTS & LEISURE
The Yerevan citizens do not have too much money to spend on amusement and leisure.
That is why the prices of these activities are extremely high in comparison to their salaries.
If your monthly wage is $160, you cannot afford paying $50 a month for a fitness club fee.
CLOTHING & SHOES
When it comes to clothes, an interesting fact is that you can find clothing items both at the stores and at the market.
Of course, the ones at the market are offered at lower prices and are affordable to an average Yerevan worker.
On the other hand, the designer clothes at shopping malls and stores is rather expensive and hardly afforded.
RENT PER MONTH
If you have moved to Yerevan, you would need a place to live.
To reside there, you can either rent an apartment or even buy one in Yerevan.
How much money you will need for this depends on the location and the size of the apartment.
The prices of rent usually wary from $150 to $400 per month.
Cost of Living Averages Table for Yerevan
|Average Restaurant Prices|
|Meal (Inexpensive Restaurant)||$6.18|
|Domestic Beer (0.5 Liter)||$1.24|
|Water (0.33 Liter)||$0.46|
|Average Market Prices|
|Milk (1 Liter)||$0.87|
|Loaf Bread (500g)||$0.48|
|Average Transport Prices|
|One Way Ticket||$0.21|
|Average Utilities Prices|
|Basic (Water, Electricity, Garbage, Heating, Cooling)||$75.23|
|1 min. of Prepaid Mobile Tariff Local||$0.04|
|Internet (Unlimited Data, Cable/ADSL)||$16.37|
|Average Leisure Prices|
|Fitness Club, Monthly Fee for 1 Adult||$49.65|
|Tennis Court Rent (1 Hour)||$12.07|
|Cinema, 1 Seat, International Release||$5.15|
|Average Clothing Prices|
|1 Pair of Jeans (Levis 501 Or Comparable)||$52.66|
|1 Summer Dress in a Chain Store (Zara, etc...)||$38.01|
|1 Pair of Adidas Walking Shoes (Mid-Range)||$77.15|
|Average Rent Prices|
|Apartment (1 bedroom) in City Center||$346.47|
|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 Yerevan?
As it is already mentioned, the prices in Yerevan are based on their salaries and they can be ridiculously low for people coming from more developed countries in the world.
However, Yerevan residents spend most money on the things of utmost importance like rent and food.
Other things that have to be paid are utilities and transportation, and it is interesting that more money is devoted to restaurants than to transport.
If some money is left after all these are paid, then they might spend it on sports and clothing, which is not so emphasized among them.
Yerevan: Average Salary, Minimum Wage & Mortgages
Moving to and living in Yerevan can be an exciting experience as you will immediately fall in love with this wonderful city, and foreigners tend to have an extremely peasant life there, due to the fact that prices are lower than in their countries.
However, this cannot be said for Yerevan residents, who do not earn high salaries and cannot afford many of the amusement and leisure activities offered.
If moving to Yerevan is your future plan, get familiar with all the important facts and make sure that you will have enough financial means to afford your living there.
Cost of Living by City in Armenia
*Click the name of the city for more information.
|City||Cost of Living Index|