Cost of living comparison

Panama

compared to

Armenia

Armenia vs. Panama Cost of Living Summary

Armenia is 22.5% cheaper than Panama overall.

Restaurants: pay 10.7% more in Armenia
Groceries: pay 49.8% less in Armenia
Transportation: pay 16.5% more in Armenia
Housing: pay 32.7% less in Armenia
Childcare: pay 10.1% less in Armenia
Entertainment and Sports: pay 18.6% less in Armenia
Clothing: pay 16.2% more in Armenia

The cost of transportation, clothing, and restaurants in Armenia are more expensive than in Panama. Expenses including groceries, housing, entertainment and sports, and childcare are lower in Armenia.

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Armenia vs. Panama Cost Breakdown

If you lived in Armenia instead of Panama, you would:

Display currency: USD

pay 10.7% more for restaurants

	Panama	Armenia
Basic meal with drink at inexpensive restaurant	$8.20 PAB8.20	$12.32 AMD4,452.12	+50.3%
Fast food combo meal McDonalds, or similar	$8.90 PAB8.90	$9.80 AMD3,539.12	+10.1%
Bottle of Coca-Cola (11 fl. oz)	$1.41 PAB1.41	$1.04 AMD375.63	-26.1%
Bottle of water (11 fl. oz)	$1.30 PAB1.30	$0.56 AMD202.08	-57.1%
Average			+10.7%

Panama vs. Armenia - Cost of restaurants

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pay 49.8% less for groceries

	Panama	Armenia
Bread 1 loaf	$2.28 PAB2.28	$0.62 AMD223.17	-73.0%
Local cheese (8 oz)	$6.18 PAB6.18	$3.54 AMD1,277.86	-42.8%
Milk (1 gallon)	$7.09 PAB7.09	$5.95 AMD2,149.80	-16.0%
Eggs 1 dozen	$2.56 PAB2.56	$2.39 AMD863.36	-6.5%
Boneless chicken breast (1 lb)	$3.42 PAB3.42	$4.07 AMD1,468.47	+18.8%
Apples (1 lb)	$1.86 PAB1.86	$0.49 AMD176.48	-73.7%
Bananas (1 lb)	$0.59 PAB0.59	$0.71 AMD256.02	+19.8%
Oranges (1 lb)	$1.76 PAB1.76	$0.62 AMD225.38	-64.5%
Tomatoes (1 lb)	$1.67 PAB1.67	$0.86 AMD312.39	-48.3%
Potatoes (1 lb)	$1.09 PAB1.09	$0.29 AMD105.06	-73.4%
Onions (1 lb)	$1.14 PAB1.14	$0.26 AMD94.88	-77.0%
Average			-49.8%

Panama vs. Armenia - Cost of groceries

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pay 16.5% more for transportation

	Panama	Armenia
Gasoline (1 gallon)	$4.34 PAB4.34	$6.10 AMD2,205.08	+40.7%
Monthly public transit pass	$23.00 PAB23.00	$24.57 AMD8,876.98	+6.8%
New Volkswagen Golf 1.4 (standard edition)	$23,920.67 PAB23,920.67	$35,049.44 AMD13M	+46.5%
Taxi trip in downtown area (5 miles)	$16.62 PAB16.62	$6.26 AMD2,261.43	-62.3%
Average			+16.5%

Panama vs. Armenia - Cost of transportation

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pay 32.7% less for housing

	Panama	Armenia
Internet connection 50 mbps or faster, cable/dsl	$49.81 PAB49.81	$18.90 AMD6,829.09	-62.0%
1-Bedroom apartment in downtown area	$789.50 PAB789.50	$552.86 AMD200K	-30.0%
1-Bedroom apartment outside city center	$614.84 PAB614.84	$392.70 AMD142K	-36.1%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$96.53 PAB96.53	$81.18 AMD29,325.26	-15.9%
Average			-32.7%

Panama vs. Armenia - Cost of housing

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pay 10.1% less for childcare

	Panama	Armenia
Private preschool for 1 child, monthly	$543.33 PAB543.33	$308.72 AMD112K	-43.2%
Middle school for 1 child, two semesters	$7,213.83 PAB7,213.83	$10,253.80 AMD4M	+42.1%
Average			-10.1%

Panama vs. Armenia - Cost of childcare

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pay 18.6% less for entertainment and sports

	Panama	Armenia
Domestic/local beer (1 pint)	$2.21 PAB2.21	$2.23 AMD805.14	+0.9%
Cappuccino in mid-range area	$3.73 PAB3.73	$2.61 AMD941.07	-30.1%
Pack of cigarettes Marlboro or similar	$5.29 PAB5.29	$2.36 AMD852.80	-55.4%
Monthly membership at local gym	$50.91 PAB50.91	$45.16 AMD16,314.41	-11.3%
Movie ticket to theater/cinema	$6.13 PAB6.13	$5.55 AMD2,006.59	-9.4%
Average			-18.6%

Panama vs. Armenia - Cost of entertainment and sports

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pay 16.2% more for clothing

	Panama	Armenia
Regular jeans Levi's brand	$45.56 PAB45.56	$49.93 AMD18,038.40	+9.6%
Regular dress from H&M or similar store	$36.71 PAB36.71	$47.50 AMD17,158.43	+29.4%
Running shoes Nike or Adidas	$69.81 PAB69.81	$99.72 AMD36,021.06	+42.8%
Men's business shoes (leather)	$88.33 PAB88.33	$79.56 AMD28,740.21	-9.9%
Average			+16.2%

Panama vs. Armenia - Cost of clothing

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We average the price of thousands of data points entered by users across the world. Sources: MyLifeElsewhere's cost-of-living dataset (prices updated November 2026). How we calculate this

Compare further: Panama vs. Armenia

Salary Calculator · Free tool

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Quality of Life Comparison · 20 statistics

Be 53.9% more likely to be unemployed in Armenia

Size Comparison · See true size

Panama is about 2.5 times bigger than Armenia.

Moving from Panama to Armenia · Cost, visas & climate

Compare cost of living, salary and climate.

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