Without rent, a family of four would pay $1,683 per month (817,282AMD). Without rent, a single person's monthly expenditures are expected to be $475 ($230,864AMD). Armenia's cost of living is, on average, 51.78 percent cheaper than that of the United States. However, this difference is due mainly because salaries here are very low - only $300 per month ($150,000AMD). In addition, there are no deductions for taxes or insurance.
The following table shows how much you need to spend to have a comfortable life in Armenia:
Monthly Expenditures (in AMD)
Single Person Married Person with 1 Child Married Person with 2 Children
271.50 275.00 477.00 524.75
279.00 280.00 279.00 280.00
80.00 80.00 80.00 80.00
90.00 90.00 90.00 90.00
Telephone */cubed 320.00 360.00 480.00 540.00
Armenia's cost of living is, on average, 55.12 percent cheaper than that of the United States. Rent in Armenia is 73.82 percent cheaper than in the United States on average. The country has very few goods and services that are more expensive than in America. Eating out is most likely to be the most expensive part of your daily life in Armenia.
In terms of price levels, Armenia is a relatively inexpensive country to live in. Its prices are 21.63 percent lower on average than those in Belarus, which has the second-highest quality of life in our study. The price of living in Armenia is less than one-third of those found in Greece and Vietnam.
Transportation is another large expense for most people's budgets. In fact, it comprises 35.07 percent of all expenses for Americans. However, this figure drops down to 22.72 percent in Armenia. This is because urban transport is free, while there are charges for using private cars on roads with limited space.
Healthcare is extremely affordable in Armenia. On average, medical treatments here are 44.92 percent cheaper than in the United States. This is due to the government's decision to provide citizens with universal health coverage.
Education is very expensive for many families across the world.
Without rent, a family of four would pay $1,477 ($2,512) each month. Without rent, a single person's monthly expenditures are expected to be $414 ($704man). Azerbaijan's cost of living is, on average, 57.29 percent cheaper than that of the United States. Rent in Azerbaijan is 78.27 percent cheaper than in the United States on average. However, this difference should be considered when comparing cities with different prices across America.
In addition to taking into account the cost of living in different cities, you should also consider the cost of living in different countries. According to the Central Bank of Azerbaijan, the exchange rate for 1 Azerbaijani manat = $1. Therefore, a U.S. citizen who wishes to live in Azerbaijan and work there can expect to earn $10,080 (Azerbaijan's annual average wage is $20,160). A U.S. citizen who wishes to live in Azerbaijan and work there can therefore expect to spend 63.93 percent of his or her income on rent and other housing costs.
The Central Bank of Azerbaijan estimates the total cost of living in Azerbaijan to be about 40 percent higher than in Europe and about 20 percent lower than in Asia. For example, the price of food is high relative to other continents but it is relatively affordable by Asian standards.
The country has an economy based on oil and gas which affect both the price of these commodities and the general cost of living.
A family of four would spend $2,384 ($2,027EUR) each month if they did not pay rent. Without rent, a single person's monthly expenditures are expected to be 696 dollars (591 euros). Latvia's cost of living is, on average, 29.00% cheaper than that of the United States.
Latvia has a very low inflation rate. The Latvian lats bank notes have the same value as one year ago; electricity, gas, and water prices have increased by only about 10%. Food costs more than in other European countries but it is still very affordable compared to the United States.
Housing is the most expensive item for a family budget in Latvia. A three-bedroom apartment with an area of 200 square meters (2,152 sq ft) will set you back at least 160,000 latka ($185,000 or 166,700 euros).
Students in Latvia can obtain a state grant called "Rent a Room" which covers up to 90% of the cost of renting out a room in your house. This system was established in order to help students find accommodation and give them a chance to make some money without being taxed too much. The grant application process is simple and can be done online.
Travel in Latvia is very affordable. A family of four could travel between Latvia and Italy for less than $10,000 by flying both times round-trip with Latvian Airlines.
Without rent, a family of four would pay $1,503 ($640,872T) each month. Without rent, a single person's monthly expenditures are expected to be $419 ($178,859T). Kazakhstan's cost of living is, on average, 58.29 percent cheaper than that of the United States.
In addition to being one of the world's most oil-rich countries, Kazakhstan has large deposits of gold, zinc, copper, and lead. It also has vast areas of farmland and forests.
Kazakhstan's capital city, Almaty, was named by Forbes as one of the best places for business in Asia. The city has modern shopping centers and restaurants, and prices are lower than those of Moscow or Beijing. Almaty is known for its warm summer temperatures and cold winters. It lies at an altitude of 1,500 meters (4,920 feet) above sea level.
People can travel around Kazakhstan for less than $100 US per week with these daily expenses:
Without rent, a family of four would pay $1,786 per month. Without rent, a single person's monthly expenditures are expected to be $487. The average cost of living in Iran is 41.64 percent cheaper than in the United States. Iran's Living Expenses
|Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment||37.78$|
Without rent, a family of four would spend $1,684 ($166,787Din) every month. Without rent, a single person's monthly expenditures are expected to be 504 dollars (49,973 Din). The more people you have living in your household, the less money you need to spend.
When you include housing costs, you need about 60 percent of your income just to cover the basic necessities of life.
If you want to have a comfortable life that includes traveling and buying goods on sale, then you'll need more than 60 percent of your income. If you want to save some of your money, then you can probably afford a 20 percent down payment on a house.
In conclusion, living in Serbia is not cheap. If you're coming from a rich country, you'll need to spend a lot of money to live like a rich person here. But if you come from a poor country, you'll need to spend a lot of money to live like a prince or a princess.