Cost of living
Armenia compared to Iceland
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Overview comparison
ArmeniaIceland
Consumer prices in Iceland are roughly 27% higher than in Armenia.
Cost of living
| Item | Armenia | Iceland |
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| Total with rent one person | 1,268 | 2,964 |
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| Total with rent family | 2,949 | 4,846 |
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| Without rent one person | 601 | 959 |
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| Without rent one family | 1,509 | 2,730 |
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| Rent & Utilities person | 600.96 | 1,597.82 |
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| Rent & Utilities family | 1,088.85 | 2,046.76 |
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| Food person | 354 | 870 |
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| Food family | 815 | 2,184 |
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| Transport person | 30.7 | 77.85 |
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| Transport family | 124.91 | 222.83 |
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| Life expectancy | 78.32 years | 82.81 years |
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Eating Out
| Item | Armenia | Iceland |
|---|
| Lunch Menu | 9.77 | 17.65 |
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| Dinner in a Restaurant, for 2 | 59.26 | 129.25 |
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| Fast food meal, equiv. McDonald's | 8.37 | 18.5 |
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| Beer in a Pub, 0.5 L or 16 fl oz | 1.7 | 12.12 |
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| Cappuccino | 3.68 | 4.5 |
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| Pepsi / Coke, 0.5 L or 16.9 fl oz | 1.09 | 3.66 |
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Rent & Utilities
| Item | Armenia | Iceland |
|---|
| 1 bedroom apartment in city Center, 40 m2 or 430 ft2 | 638.39 | 1,800.05 |
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| Cheap 1 bedroom apartment, 40 m2 or 430 ft2 | 588.67 | 1,312.55 |
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| 3 bedroom apartment in city Center, 80 m2 or 860 ft2 | 1,412.3 | 2,314.52 |
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| Cheap 3 bedroom apartment, 80 m2 or 860 ft2 | 848.73 | 2,843.64 |
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| Utility Bill one person, electricity, heating, water, etc. | 84.84 | 44.71 |
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| Utility Bill for a Family, electricity, heating, water, etc. | 135.84 | 67.33 |
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| Internet plan, 25 Mbps+ 1 month unlimited | 26.31 | 76.76 |
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Transportation
| Item | Armenia | Iceland |
|---|
| Local transport ticket | 17.25 | 7.78 |
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| Gas / Petrol, 1 L or 0.26 gal | 0.22 | 5.47 |
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| Mortgage Interest Rate for 20 Years | 13.15% | 12.46% |
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| Apartment price to Buy in city Center, 1 m2 or 10 ft2 | 4.63 | 22.8 |
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| House price to Buy in Suburbs, 1 m2 or 10 ft2 | 1.1 | 2.33 |
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Groceries
| Item | Armenia | Iceland |
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| Milk, 1 L or 1 qt | 1.3 | 1.83 |
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| Bread, 0.5 kg or 1.1 lb | 0.84 | 3.36 |
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| Eggs, x12 | 2.24 | 6.58 |
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| Cheese, 1 kg or 2.2 lb | 6.97 | 14.12 |
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| Chicken Breast, 1 kg or 2.2 lb | 8.59 | 15.81 |
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| Round Steak, 1 kg or 2.2 lb | 13.3 | 40.5 |
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| Banana, 1 kg or 2.2 lb | 1.76 | 2.45 |
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| Water, 1 L or 1 qt | 0.45 | 1.36 |
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Other
| Item | Armenia | Iceland |
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| Gym Membership, 1 month | 111.61 | 76.37 |
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| Cinema Ticket, 1 person | 8.25 | 16.72 |
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| Doctors visit | 27.35 | 93.82 |
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| Haircut, simple | 6.59 | 51.01 |
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| Brand Jeans | 116.86 | 119.07 |
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| Brand Sneakers | 109.24 | 169.8 |
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| Daycare or Preschool, 1 month | 373.75 | 220.27 |
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| International Primary School, 1 year | 10,326 | 6,414 |
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