Statement:
In Armenia the cost of living is higher than in Mongolia

In the Cost of Living rating Armenia holds position #53 ²⁰¹² out of 90 and Mongolia is #68 out of 90 ²⁰¹².
Position of Armenia is worse than position of Mongolia.
Both countries holds average positions in the "Cost of Living" rating. So Cost of Living Index is an average for both Armenia and Mongolia, compared to most countries of the World.

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
   Mongolia	'Cost of Living Index' value is	33.69

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
   Mongolia	'Cost of Living Index' value is	33.73

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
   Mongolia	'Cost of Living Index' value is	33.97

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
   Mongolia	'Cost of Living Index' value is	34.43

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

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

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
    Mongolia	'Cost of Living Index' value is	53.86