Statement:
In Armenia the cost of living is lower than in Bermuda

In the Cost of Living rating Armenia holds position #53 2012 out of 90 and Bermuda is #1 out of 121 2016.
Position of Armenia is better than position of Bermuda.
Bermuda is leader of the "Cost of Living" rating. Living in Bermuda is really expensive, compared to Armenia

Referencies:

  1. Cost of Living 2022 by Numbeo
    The countries in the rating sorted by 'Cost of Living Index' in descending order.
    Armenia 'Cost of Living Index' value is 38.96
    Bermuda 'Cost of Living Index' value is 141.74
  2. Cost of Living 2021 by Numbeo
    The countries in the rating sorted by 'Cost of Living Index' in descending order.
    Armenia 'Cost of Living Index' value is 33.22
    Bermuda 'Cost of Living Index' value is 147.51
  3. Cost of Living 2020 by Numbeo
    The countries in the rating sorted by 'Cost of Living Index' in descending order.
    Armenia 'Cost of Living Index' value is 33.71
    Bermuda 'Cost of Living Index' value is 147.77
  4. Cost of Living 2019 by Numbeo
    The countries in the rating sorted by 'Cost of Living Index' in descending order.
    Armenia 'Cost of Living Index' value is 32.70
    Bermuda 'Cost of Living Index' value is 138.22
  5. Cost of Living 2018 by Numbeo
    The countries in the rating sorted by 'Cost of Living Index' in descending order.
    Armenia 'Cost of Living Index' value is 32.95
  6. Cost of Living 2017 by Numbeo
    The countries in the rating sorted by 'Cost of Living Index' in descending order.
    Armenia 'Cost of Living Index' value is 35.32
    Bermuda 'Cost of Living Index' value is 150.38
  7. Cost of Living 2016 by Numbeo
    The countries in the rating sorted by 'Cost of Living Index' in descending order.
    Armenia 'Cost of Living Index' value is 33.85
    Bermuda 'Cost of Living Index' value is 140.31
  8. Cost of Living 2015 by Numbeo
    The countries in the rating sorted by 'Cost of Living Index' in descending order.
    Armenia 'Cost of Living Index' value is 38.30
  9. Cost of Living 2014 by Numbeo
    The countries in the rating sorted by 'Cost of Living Index' in descending order.
    Armenia 'Cost of Living Index' value is 46.07
  10. Cost of Living 2013 by Numbeo
    The countries in the rating sorted by 'Cost of Living Index' in descending order.
  11. Cost of Living 2012 by Numbeo
    The countries in the rating sorted by 'Cost of Living Index' in descending order.
    Armenia 'Cost of Living Index' value is 62.75