Cost of living comparison

compared to

Armenia vs. Panama Cost of Living Summary

Armenia is 11.8% cheaper than Panama overall.

Restaurants: pay 16.8% less in Armenia
Groceries: pay 36.7% less in Armenia
Transportation: pay 3.7% less in Armenia
Housing: pay 39.3% less in Armenia
Childcare: pay 22.8% less in Armenia
Entertainment and Sports: pay 17.8% less in Armenia
Clothing: pay 54.7% more in Armenia

Expenses including housing, groceries, childcare, entertainment and sports, restaurants, and transportation are lower in Armenia.

Armenia vs. Panama Cost Breakdown

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

Display currency: USD

pay 16.8% less for restaurants

	Panama	Armenia
Basic meal with drink at inexpensive restaurant	$8.35 PAB8.35	$10.44 AMD3,961.55	+25.0%
Fast food combo meal McDonalds, or similar	$7.75 PAB7.75	$7.83 AMD2,971.16	+1.1%
Bottle of Coca-Cola (11 fl. oz)	$1.37 PAB1.37	$0.92 AMD349.01	-33.0%
Bottle of water (11 fl. oz)	$1.21 PAB1.21	$0.48 AMD183.27	-60.1%
Average			-16.8%

Panama vs. Armenia - Cost of restaurants

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pay 36.7% less for groceries

	Panama	Armenia
Bread 1 loaf	$2.21 PAB2.21	$0.71 AMD269.45	-67.9%
Local cheese (8 oz)	$6.02 PAB6.02	$3.81 AMD1,445.50	-36.7%
Milk (1 gallon)	$6.86 PAB6.86	$6.06 AMD2,300.04	-11.6%
Eggs 1 dozen	$2.47 PAB2.47	$2.27 AMD863.05	-7.9%
Boneless chicken breast (1 lb)	$3.58 PAB3.58	$3.26 AMD1,237.42	-8.8%
Apples (1 lb)	$2.13 PAB2.13	$0.58 AMD221.83	-72.6%
Bananas (1 lb)	$0.60 PAB0.60	$0.73 AMD275.27	+21.2%
Oranges (1 lb)	$1.40 PAB1.40	$0.71 AMD268.93	-49.5%
Tomatoes (1 lb)	$1.51 PAB1.51	$0.86 AMD324.52	-43.2%
Potatoes (1 lb)	$0.96 PAB0.96	$0.37 AMD141.42	-61.1%
Onions (1 lb)	$0.99 PAB0.99	$0.34 AMD128.41	-65.8%
Average			-36.7%

Panama vs. Armenia - Cost of groceries

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pay 3.7% less for transportation

	Panama	Armenia
Gasoline (1 gallon)	$3.87 PAB3.87	$4.81 AMD1,825.49	+24.4%
Monthly public transit pass	$23.75 PAB23.75	$23.49 AMD8,913.49	-1.1%
New Volkswagen Golf 1.4 (standard edition)	$23,416.67 PAB23,416.67	$33,670.18 AMD12,776,007.36	+43.8%
Taxi trip in downtown area (5 miles)	$20.20 PAB20.20	$3.69 AMD1,399.75	-81.7%
Average			-3.7%

Panama vs. Armenia - Cost of transportation

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pay 39.3% less for housing

	Panama	Armenia
Internet connection 50 mbps or faster, cable/dsl	$48.39 PAB48.39	$17.69 AMD6,713.11	-63.4%
1-Bedroom apartment in downtown area	$765.94 PAB765.94	$485.92 AMD184,381.50	-36.6%
1-Bedroom apartment outside city center	$630.77 PAB630.77	$356.67 AMD135,335.92	-43.5%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$89.09 PAB89.09	$76.88 AMD29,171.58	-13.7%
Average			-39.3%

Panama vs. Armenia - Cost of housing

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pay 22.8% less for childcare

	Panama	Armenia
Private preschool for 1 child, monthly	$363.00 PAB363.00	$287.59 AMD109,126.10	-20.8%
Middle school for 1 child, two semesters	$9,411.11 PAB9,411.11	$7,090.75 AMD2,690,554.52	-24.7%
Average			-22.8%

Panama vs. Armenia - Cost of childcare

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pay 17.8% less for entertainment and sports

	Panama	Armenia
Domestic/local beer (1 pint)	$1.95 PAB1.95	$1.76 AMD668.51	-9.7%
Cappuccino in mid-range area	$3.54 PAB3.54	$3.05 AMD1,155.88	-14.0%
Pack of cigarettes Marlboro or similar	$5.48 PAB5.48	$2.39 AMD907.86	-56.3%
Monthly membership at local gym	$51.47 PAB51.47	$53.29 AMD20,220.23	+3.5%
Movie ticket to theater/cinema	$5.97 PAB5.97	$5.22 AMD1,980.78	-12.5%
Average			-17.8%

Panama vs. Armenia - Cost of entertainment and sports

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pay 54.7% more for clothing

	Panama	Armenia
Regular jeans Levi's brand	$43.33 PAB43.33	$83.81 AMD31,802.84	+93.4%
Regular dress from H&M or similar store	$34.17 PAB34.17	$53.19 AMD20,181.21	+55.7%
Running shoes Nike or Adidas	$80.40 PAB80.40	$138.28 AMD52,469.25	+72.0%
Men's business shoes (leather)	$106.46 PAB106.46	$104.08 AMD39,493.90	-2.2%
Average			+54.7%

Panama vs. Armenia - Cost of clothing

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The statistics used to build this comparison are calculated using data from users just like you. We average the price of thousands of data points entered by users across the world. Learn more about our data sources. Page last updated: December 2025

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