Cost of living and prices in Armenia, prices of food, rent, shopping, etc 🇦🇲 Updated Jul 2023
Armenia is a Western Asian country that shares its borders with Azerbaijan, Georgia, Iran, and Turkey. With a land area of 29,800 square kilometers, Armenia has a population density of 99.6 people per square kilometer and a total population of 2,968,000. The official languages include Armenian and Russian, and the GDP of Armenia is $10,440,000,000 with a per capita of $3,518. The currency used in Armenia is the Armenian dram, and the country's top-level domain is .am. Armenia is an affordable country to live in, especially when compared to other European nations. The cost of living in Armenia can vary depending on your lifestyle, but it is generally affordable. Accommodation, food, and transportation are typically inexpensive, and healthcare costs are relatively low. With a rich history, culture, and beautiful scenery, Armenia is a great place to settle down, and it offers a comfortable lifestyle at a lower cost. As a landlocked country, Armenia is surrounded by other nations, which makes it an excellent place for travelers to explore neighboring nations such as Azerbaijan, Georgia, Iran, and Turkey. Armenia enjoys warm summers and mild winters, making it an excellent place for outdoor activities such as hiking and skiing. The country is also famous for its cuisine, which has a mix of European and Middle Eastern influences. The friendly locals, low cost of living, and beautiful landscapes make Armenia a viable choice for digital nomads and expatriates who want to experience a new culture and enjoy an affordable lifestyle.
Cost of Living Estimate in Armenia
You can calculate cost of living in Armenia by changing quantity using input near each good or service. Resulting total will appear in a floating box in the bottom of your screen.
When it comes to food, Armenia has plenty of delicious options to offer. Traditional Armenian cuisine involves plenty of fresh herbs, spices, and meats. For those looking for an authentic dining experience, there are many restaurants that serve delicious Armenian dishes such as khorovats (grilled meat), dolma (stuffed grape leaves), and khashlama (lamb stew). Some restaurants even offer cooking classes where travelers can learn how to make their own Armenian dishes.
But Armenia's culinary scene is not limited to traditional dishes. In recent years, there has been an influx of new restaurants and cafes that offer international cuisine such as Italian, French, and Japanese. These places are perfect for travelers looking for a taste of home or for those who want to try something new. It is also worth noting that many restaurants in Armenia offer vegetarian and vegan options, so everyone can enjoy a delicious meal. With a variety of restaurants and eating options to choose from, travelers are sure to find something that satisfies their taste buds in Armenia.
Market prices in Armenia can be unpredictable, as they are often influenced by various factors such as supply and demand, inflation, and political instability. Despite this, Armenia has been growing steadily in recent years, with a significant increase in investments and economic development. This growth has led to an increase in the purchasing power of Armenians, and as a result, prices in the market have increased as well.
Although Armenia is a relatively small country, it is strategically positioned between Europe and Asia, making it an ideal location for international trade. This has attracted many investors and businesses to the country, resulting in a competitive marketplace and a diverse range of products. As a result, consumers in Armenia have access to a broad range of goods and services at various price points, providing them with ample opportunities to find what they are looking for at a price they can afford.
Armenia offers a variety of transportation options for travelers exploring the country. The most popular means of transportation is by taxi. Taxis in Armenia are commonly referred to as "marshrutkas" and can be found throughout the major cities. These are typically shared vans that operate specific routes and have designated drop-off and pick-up locations. This can be a cost-effective way to get around, but travelers should be aware that marshrutkas can be crowded and may not operate on a strict schedule.
For travelers looking for a more relaxing and scenic transportation option, Armenia also has a well-established rail system. The rail network connects the major cities within the country and offers comfortable seating and stunning views of the surrounding countryside. The trains are also a popular option for those looking to travel to neighboring countries such as Georgia or Iran. Keep in mind that tickets can sell out quickly, so it's best to book in advance. Overall, Armenia's transportation options provide a convenient and unique way to explore the culture and beauty of the country.
Utilities Per Month prices
If you're planning a trip to Armenia, it's always a good idea to budget for utilities cost. Utilities in Armenia, such as electricity, gas, and water, can be quite expensive. The cost of utilities depends on the size of your accommodation, usage, and the time of year you visit the country. Winter months are generally more expensive as heating bills tend to soar.
Another factor that affects utilities cost in Armenia is the location of your accommodation. If you stay in Yerevan, the capital city, utilities cost may be higher compared to other cities or towns. It's advisable to research the utilities costs of your accommodation before booking your stay. Some accommodations offer all-inclusive utilities, so you don't have to worry about additional expenses. Nevertheless, it's always good to confirm before booking.
Sports And Leisure prices
If you're someone who loves being active and playing sports, then Armenia is the perfect destination for you. There are numerous sports facilities scattered all across the country, ranging from football fields to basketball courts and everything in between. Additionally, you can also enjoy various outdoor activities such as hiking, skiing, and even horseback riding in some areas. Whether you're a seasoned pro or just looking for some fun and exercise, you're sure to find something that suits your interests in Armenia.
On the other hand, if you're seeking a more relaxing and laid-back vacation, there are plenty of leisure options to choose from as well. Many hotels in Armenia have spas or wellness centers, where you can unwind with a massage or soak in a hot tub. Additionally, there are plenty of parks and gardens within the city that offer peaceful respites from busy streets and bustling crowds. No matter what your idea of leisure is, Armenia has plenty of options to ensure a memorable and enjoyable vacation.
Salaries And Financing prices
Salaries in Armenia are generally lower than in many other countries, but the cost of living is also lower, so your money can go further. Expect to pay less for food, transportation, and accommodations than you would in many other places. However, it is worth noting that salaries can vary greatly depending on the industry you work in and your level of experience. Those working in tech or in international organizations may earn higher salaries, while those in the service or agricultural industries may earn less.
Financing in Armenia can be challenging, particularly for foreigners. The banking system is relatively undeveloped compared to other countries, and accessing funds from overseas can be difficult. It is recommended that you have cash on hand and that you use ATMs sparingly, as they can be unreliable and may charge high fees. If you need to transfer money, consider using a service like Western Union or one of the few international banks in the country. It is also worth noting that Armenia is a cash-based society, with credit and debit cards accepted in fewer places than you might be used to.
Childcare prices in Armenia vary depending on the type of institution. Schools can be more expensive than Kindergartens due to the higher level of education and additional amenities offered. However, Kindergartens still provide quality care and education for young children at a more affordable cost. Families can expect to pay different rates based on their location within the country.
Both schools and Kindergartens in Armenia prioritize the safety and wellbeing of children. Many institutions have implemented measures such as security cameras and background checks for staff members. Parents can trust that their children are receiving adequate care and education while they work or attend to other responsibilities. Childcare prices in Armenia may be a consideration for families, but the quality of care and education provided is well worth the investment.
Clothing And Shoes prices
When it comes to clothing and shoes, Armenia offers a wide range of options for all types of shoppers. Department stores and malls can be found in the capital city of Yerevan, where major international brands are available at competitive prices. For those who prefer a more personalized shopping experience, there are also numerous boutiques and markets throughout the country that offer unique, locally-made garments and footwear.
Given Armenia's geographical location and cultural influences, traditional Armenian clothing and shoes can also be found at select stores and markets. These items are often handmade and feature intricate embroidery and detailing. Whatever your style or budget may be, you're sure to find something that suits your needs when shopping for clothing and shoes in Armenia.
Rent Per Month prices
Short term rentals and stays in Armenia are a popular option for tourists and business travelers looking for flexible and affordable accommodation. There are a range of options available, including apartments, guesthouses, and hotels that offer nightly or weekly rates. These types of rentals offer a great way to experience local culture and immerse oneself in the community, while providing more privacy and space than a traditional hotel room. Prices may vary depending on location and amenities, but there are plenty of options available for those on a budget.
In addition to traditional rentals, there are also short-term stay options available through websites like Airbnb and Vrbo. These sites offer a wide range of properties, from shared rooms to entire homes, giving travelers the freedom to choose the type of accommodation that best suits their needs. Many of these options also offer more flexibility in terms of check-in and check-out times, making them a great choice for those with busy schedules or unpredictable travel plans. Prices can vary widely depending on the location and type of accommodation, but there are plenty of options available at a range of prices to fit any budget.
Buy Apartment prices
Buying real estate in Armenia can be an affordable and attractive option for investors and individuals alike. Armenia offers a wide variety of properties ranging from apartments, houses, and commercial properties. The prices of these properties in Armenia are generally lower than other countries in the region, making it an affordable option for anyone looking to invest in real estate or purchase a property for their personal use.
Another option for buying real estate in Armenia is through new development projects. These projects offer modern and luxurious properties at reasonable prices, making them a great option for those looking for quality and value. Furthermore, the Armenian government has implemented policies and incentives to encourage new development in the real estate sector, making it an opportune time for investors and individuals to take advantage of the available options and prices.