Cost of living comparison

Iceland

compared to

Armenia

Armenia vs. Iceland Cost of Living Summary

Armenia is 37.0% cheaper than Iceland overall.

Restaurants: pay 59.3% less in Armenia
Groceries: pay 52.0% less in Armenia
Transportation: pay 58.5% less in Armenia
Housing: pay 38.2% less in Armenia
Childcare: pay 27.8% more in Armenia
Entertainment and Sports: pay 49.7% less in Armenia
Clothing: pay 28.8% less in Armenia

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

Armenia vs. Iceland Cost Breakdown

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

Display currency: USD

pay 59.3% less for restaurants

	Iceland	Armenia
Basic meal with drink at inexpensive restaurant	$19.40 ISK2,608	$10.61 AMD4,143.88	-45.3%
Fast food combo meal McDonalds, or similar	$16.94 ISK2,278	$9.00 AMD3,516.02	-46.9%
Bottle of Coca-Cola (11 fl. oz)	$2.81 ISK378	$0.86 AMD336.25	-69.4%
Bottle of water (11 fl. oz)	$2.02 ISK272	$0.49 AMD191.94	-75.7%
Average			-59.3%

Iceland vs. Armenia - Cost of restaurants

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pay 52.0% less for groceries

	Iceland	Armenia
Bread 1 loaf	$2.95 ISK397	$0.70 AMD272.43	-76.4%
Local cheese (8 oz)	$7.27 ISK977	$3.88 AMD1,516.33	-46.6%
Milk (1 gallon)	$6.01 ISK808	$5.47 AMD2,137.57	-8.9%
Eggs 1 dozen	$5.42 ISK729	$2.20 AMD857.60	-59.5%
Boneless chicken breast (1 lb)	$8.51 ISK1,144	$3.20 AMD1,251.38	-62.3%
Apples (1 lb)	$1.22 ISK165	$0.56 AMD218.06	-54.4%
Bananas (1 lb)	$1.03 ISK138	$0.73 AMD286.44	-28.6%
Oranges (1 lb)	$1.17 ISK157	$0.64 AMD249.28	-45.5%
Tomatoes (1 lb)	$1.87 ISK252	$0.80 AMD310.88	-57.5%
Potatoes (1 lb)	$1.23 ISK166	$0.34 AMD131.09	-72.8%
Onions (1 lb)	$0.78 ISK106	$0.31 AMD122.79	-59.9%
Average			-52.0%

Iceland vs. Armenia - Cost of groceries

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pay 58.5% less for transportation

	Iceland	Armenia
Gasoline (1 gallon)	$8.36 ISK1,124	$4.63 AMD1,806.54	-44.7%
Monthly public transit pass	$71.28 ISK9,584	$12.86 AMD5,022.88	-82.0%
New Volkswagen Golf 1.4 (standard edition)	$40,660.66 ISK5,467,232	$30,864.95 AMD12,054,922.33	-24.1%
Taxi trip in downtown area (5 miles)	$22.04 ISK2,963	$3.76 AMD1,466.68	-83.0%
Average			-58.5%

Iceland vs. Armenia - Cost of transportation

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pay 38.2% less for housing

	Iceland	Armenia
Internet connection 50 mbps or faster, cable/dsl	$72.17 ISK9,705	$19.21 AMD7,502.48	-73.4%
1-Bedroom apartment in downtown area	$1,838.04 ISK247,143	$684.28 AMD267,257.67	-62.8%
1-Bedroom apartment outside city center	$1,497.77 ISK201,390	$447.92 AMD174,943.25	-70.1%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$58.01 ISK7,801	$89.01 AMD34,763.64	+53.4%
Average			-38.2%

Iceland vs. Armenia - Cost of housing

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pay 27.8% more for childcare

	Iceland	Armenia
Private preschool for 1 child, monthly	$258.16 ISK34,713	$270.71 AMD105,731.71	+4.9%
Middle school for 1 child, two semesters	$5,993.99 ISK805,952	$9,038.40 AMD3,530,127.74	+50.8%
Average			+27.8%

Iceland vs. Armenia - Cost of childcare

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pay 49.7% less for entertainment and sports

	Iceland	Armenia
Domestic/local beer (1 pint)	$9.19 ISK1,235	$1.67 AMD652.97	-81.8%
Cappuccino in mid-range area	$4.65 ISK625	$2.87 AMD1,119.80	-38.3%
Pack of cigarettes Marlboro or similar	$11.76 ISK1,581	$2.57 AMD1,004.58	-78.1%
Monthly membership at local gym	$61.46 ISK8,264	$67.15 AMD26,228.40	+9.3%
Movie ticket to theater/cinema	$14.35 ISK1,929	$5.79 AMD2,260.30	-59.7%
Average			-49.7%

Iceland vs. Armenia - Cost of entertainment and sports

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pay 28.8% less for clothing

	Iceland	Armenia
Regular jeans Levi's brand	$111.23 ISK14,956	$70.99 AMD27,727.05	-36.2%
Regular dress from H&M or similar store	$59.69 ISK8,026	$51.27 AMD20,023.91	-14.1%
Running shoes Nike or Adidas	$148.00 ISK19,900	$139.93 AMD54,651.62	-5.5%
Men's business shoes (leather)	$184.49 ISK24,807	$75.15 AMD29,351.12	-59.3%
Average			-28.8%

Iceland 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: March 2025

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