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

In the Cost of Living rating Armenia holds position #53 2012 out of 90 and Portugal is #42 out of 90 2012.
Position of Armenia is better than position of Portugal.
Both countries holds average positions in the "Cost of Living" rating. So Cost of Living Index is an average for both Armenia and Portugal, 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
    Portugal 'Cost of Living Index' value is 42.18
  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
    Portugal 'Cost of Living Index' value is 50.65
  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
    Portugal 'Cost of Living Index' value is 49.52
  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
    Portugal 'Cost of Living Index' value is 50.77
  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
    Portugal 'Cost of Living Index' value is 50.64
  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
    Portugal 'Cost of Living Index' value is 54.63
  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
    Portugal 'Cost of Living Index' value is 49.82
  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
    Portugal 'Cost of Living Index' value is 50.55
  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
    Portugal 'Cost of Living Index' value is 67.78
  10. Cost of Living 2013 by Numbeo
    The countries in the rating sorted by 'Cost of Living Index' in descending order.
    Portugal 'Cost of Living Index' value is 75.31
  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
    Portugal 'Cost of Living Index' value is 70.76