Where to Live - in Yerevan or in Paris?

• 03.11.2015, 16:15
•  Europe,  Armenia

In order to see in which country or a city it is better to live and do a business, it is necessary to know the cost of living in the particular place.

If you are a Carrefour worker, you would like to know what is preferable for you - to work in Carrefour located in Paris or to work in Carrefour located in Yerevan. So, for the sake of clarity one should compare the cost of living in both cities.

Around 823,257.36 Armenian Dram (AMD), which is equal to €1,603.04  will be needed  to maintain the same standard of life in Yerevan that you can have with €4,200.00 in Paris (assuming you rent in both cities). This calculation uses  Consumer Prices including Rent Index. This comparison assumes net earnings (after income tax).

Consumer Prices in Yerevan are 52.35% lower than in Paris. Consumer Prices including rent in Yerevan are 61.83 % lower than in Paris. Only the Rent Prices in Yerevan are 79.46% lower than in Paris. Restaurant Prices in Yerevan are 60.08% lower than in Paris. Groceries Prices in Yerevan are 59.00% lower than in Paris. Local Purchasing Power (the financial ability to buy products and services) in Yerevan is 66.26% lower than in Paris (data taken from numbeo.com).

Transportation is incomparably cheap in Yerevan than in Paris- one way ticket in Armenian capital 88.87% is lower than in France capital. It is almost the same for taxi.

The average cost of Utilities (Electricity, Heating, Water, Garbage) is €172.08 in Paris, but in Yerevan its average cost is €84.33, which is lower by 50.99%.

So, as the data shows the same person with the same amount of salary can live n Yerevan with less costs than in Paris.