Location Factors


The location factor for Armenia is 0.53, based on national living costs.

This means a 16,212,274 dram per year salary would roughly be compareable to €60,000 in Germany.
If you would have to pay full taxes in Germany, this amount would rise to 17,285,145 dram.
It would be 3,782,550 dram based on market rates, 4,032,866 dram with taxes paid in Germany.

You can also start a calculation based on Armenia.

Name Armenia
Chosen Factor 0.53 0.57*
Market Rates 0.12 0.13*
Consumer Price Index 0.53 0.57*
Rent Index* 0.36 0.38*
Consumer Price Plus Rent Index 0.49 0.52*
Groceries Index 0.51 0.55*
Restaurant Price Index* 0.45 0.48*
Local Purchasing Power Index* 0.25 0.26*
Buffer Location Bracket* D
Currency Armenian Dram (AMD)
Income Tax* 24.4% to 36%
* Not used for index.* If taxes paid in Germany instead.
Market rates based on National Sources. Living costs based on Numbeo.

Locations in Armenia

City Factor Based On
Yerevan 0.55 0.59* Living Costs
create calculation* If taxes paid in Germany instead.