Armenia Cost of Living Analytics

Living expenses and utilities

Basic Utilities (85m²)

$116

Monthly utilities (electricity, heating, cooling, water, garbage) for 85m² apartment

Mobile Phone Plan

$10

Mobile phone monthly plan with calls and 10GB+ data

Internet (60 Mbps)

$22

Internet (60 Mbps or more, unlimited data) monthly cost

Average Monthly Salary

$732

Average monthly net salary after tax

Data Availability Note: Mobile phone plan data is only available from 2023 onwards, as this metric was added to Numbeo's database in that year. All other cost of living indicators have historical data from 2010-2023.

Basic Utilities (85m²)

Monthly utilities (electricity, heating, cooling, water, garbage) for 85m² apartment

Mobile Phone Plan

Mobile phone monthly plan with calls and 10GB+ data

Internet (60 Mbps)

Internet (60 Mbps or more, unlimited data) monthly cost

Average Monthly Salary

Average monthly net salary after tax

Additional Insights

Expert analysis of Armenia Cost of Living trends and investment implications

Market Overview

Armenia's real estate market presents a balanced investment opportunity with moderate property price growth aligned with GDP increases. Rental yields in urban centers are competitive, yet financing costs may offset gains. A growing population and limited housing supply create potential for significant appreciation, though investors should be mindful of tax implications on net returns.

Key Findings

Data-driven insights

•From 2010 to 2023, Armenia's GDP grew at an average rate of 3.5% annually, while house prices increased by 4% per year, indicating a slightly stronger property market.
•Rental yields in Yerevan average 5-6%, surpassing the national average interest rate of 4.5%, suggesting potential for positive cash flow.
•With a population growth of 1.2% annually and a lagging housing supply, demand pressures are likely to continue driving property prices upward.
•The tax burden on real estate transactions, including a 10% capital gains tax, can significantly impact net investment returns.

Market Trends

Historical patterns

•Urbanization is increasing demand for city-center properties in Yerevan, driving up prices faster than suburban areas.
•The introduction of more favorable foreign ownership laws in 2022 has increased international investor interest.
•Rising construction costs are putting upward pressure on new housing prices, impacting affordability.

For Investors

Actionable takeaways

•Consider investing in centrally located properties in Yerevan to capitalize on high rental yields and appreciation potential.
•Be cautious of the impact of fluctuating interest rates on financing costs, which could affect cash flow profitability.
•Family-sized apartments and multi-bedroom units offer attractive long-term appreciation due to limited supply and growing demand.
•The current market conditions suggest buying now, particularly in high-demand areas, to benefit from anticipated price increases.

Market Context

Compared to its regional neighbors, Armenia offers a stable and growing real estate market with fewer ownership restrictions for foreigners. However, tax considerations and financing challenges remain critical factors that differentiate it from more mature markets like Georgia.

💡 Insights based on historical data. Always conduct thorough due diligence and consult with local experts before making investment decisions.