Cost of living comparison
Armenia is 38.0% cheaper than Reykjavik.
- Restaurants
-
pay 61.8% less in Armenia
- Groceries
-
pay 55.9% less in Armenia
- Transportation
-
pay 60.0% less in Armenia
- Housing
-
pay 37.0% less in Armenia
- Childcare
-
pay 29.1% more in Armenia
- Entertainment and Sports
-
pay 54.9% less in Armenia
- Clothing
-
pay 25.2% less in Armenia
Expenses including restaurants, transportation, groceries, entertainment and sports, housing, and clothing are lower in Armenia.
If you lived in Armenia instead of Reykjavik, you would:
pay 61.8% less for restaurants
|
Reykjavik
|
Armenia
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$20.00
ISK2,664
|
$10.61
AMD4,138.59
|
|
|
Fast food combo meal
McDonalds, or similar
|
$18.02
ISK2,400
|
$9.00
AMD3,511.53
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$3.15
ISK420
|
$0.86
AMD335.82
|
|
| Bottle of water (11 fl. oz) |
$2.19
ISK291
|
$0.49
AMD191.69
|
|
pay 55.9% less for groceries
|
Reykjavik
|
Armenia
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$3.61
ISK481
|
$0.70
AMD272.09
|
|
| Local cheese (8 oz) |
$7.76
ISK1,033
|
$3.88
AMD1,514.39
|
|
| Milk (1 gallon) |
$6.40
ISK853
|
$5.47
AMD2,134.84
|
|
|
Eggs
1 dozen
|
$5.76
ISK767
|
$2.20
AMD856.50
|
|
| Boneless chicken breast (1 lb) |
$9.45
ISK1,258
|
$3.20
AMD1,249.78
|
|
| Apples (1 lb) |
$1.40
ISK187
|
$0.56
AMD217.78
|
|
| Bananas (1 lb) |
$1.01
ISK134
|
$0.73
AMD286.07
|
|
| Oranges (1 lb) |
$1.22
ISK162
|
$0.64
AMD248.96
|
|
| Tomatoes (1 lb) |
$2.22
ISK296
|
$0.80
AMD310.48
|
|
| Potatoes (1 lb) |
$1.43
ISK191
|
$0.34
AMD130.92
|
|
| Onions (1 lb) |
$0.93
ISK124
|
$0.31
AMD122.64
|
|
pay 60.0% less for transportation
|
Reykjavik
|
Armenia
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$8.50
ISK1,132
|
$4.63
AMD1,804.24
|
|
| Monthly public transit pass |
$74.95
ISK9,984
|
$12.86
AMD5,016.47
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$42,450.45
ISK5,654,400
|
$30,864.95
AMD12,039,529.79
|
|
| Taxi trip in downtown area (5 miles) |
$24.05
ISK3,204
|
$3.76
AMD1,464.81
|
|
pay 37.0% less for housing
|
Reykjavik
|
Armenia
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$69.87
ISK9,306
|
$19.21
AMD7,492.90
|
|
| 1-Bedroom apartment in downtown area |
$1,971.17
ISK262,560
|
$684.28
AMD266,916.41
|
|
| 1-Bedroom apartment outside city center |
$1,803.44
ISK240,218
|
$447.92
AMD174,719.87
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$53.95
ISK7,187
|
$89.01
AMD34,719.25
|
|
pay 29.1% more for childcare
|
Reykjavik
|
Armenia
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$252.14
ISK33,585
|
$270.71
AMD105,596.71
|
|
| Middle school for 1 child, two semesters |
$5,993.99
ISK798,400
|
$9,038.40
AMD3,525,620.24
|
|
pay 54.9% less for entertainment and sports
|
Reykjavik
|
Armenia
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$10.81
ISK1,440
|
$1.67
AMD652.14
|
|
| Cappuccino in mid-range area |
$5.31
ISK707
|
$2.87
AMD1,118.37
|
|
|
Pack of cigarettes
Marlboro or similar
|
$12.25
ISK1,631
|
$2.57
AMD1,003.29
|
|
| Monthly membership at local gym |
$69.95
ISK9,317
|
$67.15
AMD26,194.91
|
|
| Movie ticket to theater/cinema |
$14.77
ISK1,968
|
$5.79
AMD2,257.41
|
|
pay 25.2% less for clothing
|
Reykjavik
|
Armenia
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$108.97
ISK14,515
|
$70.99
AMD27,691.64
|
|
|
Regular dress
from H&M or similar store
|
$49.72
ISK6,623
|
$51.27
AMD19,998.34
|
|
|
Running shoes
Nike or Adidas
|
$151.85
ISK20,227
|
$139.93
AMD54,581.84
|
|
| Men's business shoes (leather) |
$194.16
ISK25,862
|
$75.15
AMD29,313.64
|
|
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