Yerevan pretty affordable according to global survey

yerevan_night

Armenian capital is only world’s number 167 out of 214 cities in terms of cost of livings, the worldwide survey by Mercer Consulting has revealed.

The study covers 214 cities across five continents and measures the comparative cost of over 200 items in each location, including housing, transport, food, clothing, household goods and entertainment.

Mercer’s 2011 Cost of Living survey is designed to help multinational companies and governments determine compensation allowances for their expatriate employees.

Yerevan, placed 167,  is more expensive than Tbilisi – the capital of neighboring Georgia which was ranked 191th. But both South Caucasian capitals appear to be really cheap compared to Baku, the capital of Azerbaijan, which was placed 48th.

It is noteworthy, that Yerevan has become slightly expensive – it was placed 170th last year, but has worsened by 3 points in 2011. Counter to that, Baku and Tbilisi have improved their positions in the ranking. Baku has moved to 48place from last year’s 36th position, while Georgia has jumped to 191st place from 179 last year.

As to the Top 5 most expensive cities overall, they are: Luanda, Angola (1st), Tokyo, Japan (2nd), N’Djamena, Chad (3rd), Moscow, Russia (4th) and Geneva, Switzerland (5th).

Source of the photo

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2 thoughts on “Yerevan pretty affordable according to global survey

  1. moskva is most expensive next to london and then paris or nyc
    russians buy or steal the stuff from paris, london, nyc and then resell it double the price of the latter cities. I remember some news person was showing how expensive russia is compared to other large popular expensive cities and they were showing that a pair of Gucci shoes in NYC or Bev Hills was priced at $600 and in the shop on the road thats considered rodeo dr. or 5th ave in moskva it was priced @ 1200. same for a car, it was listed at $120k in bev hills and $250k in moskva. like really? there are that many rich ppl in moskva that are stupid to pay double when he/she can easily fly to bev hills, buy the car and have it shiipped into russia, pay the mafiya import tax and still come out ahead

    as for our wonderful precious Yerevan, all I can comment is that prices have certainly DOUBLED in last 5-7 years. 5-7 yrs ago you could buy a decent finished apt. outside of kentron for roughly $35-50k and now its $75-100k. and I remember last year Observer blogging bout how something simple and cheap as EGGS of all things have increased by… what was it went up to?…40-50% che? I cant remember exactly, but anyway…Ive read and heard from others who have recently returned from Hayastan that a simple sandwich which use to cost 350-400 amd ($1-1.50 usd) is now 750-900dr. ($2.00-2.50) and for average Yerevanci that makes $300-750/month that may not be a big deal, but for the below average that makes $50-150/mo. thats a very big deal, especially for living expenses that I’ve heard now rent is $400-500/mo. for a decent finished apt with out furniture again outside of kentron. I can only imagine it would be 3x more in kentron

  2. and then lets not forget about this flipping apt’s thing in Yerevan. the rich are buying up all the cheap abandoned apt’s or forcefully pushing out poverty/low-income residents and forcing them to accept the next to nothing money, renovating the apt to modernized/western standards and then slapping a hight price ticket on it for the other rich to come and buy, which the other rich are in moskva, tehran, and LA

    http://www.ginosi.com/en/armenia/yerevan-district/yerevan/baghramyan-opal?detail=1#

    I dont see the asking price on this apt. but I can tell you from now, an apt such as this with all this modernization built into it, and in kentron: easy $1000-1500/mo. if I’m wrong, someone please give the real number, because I cant find it

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