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

In the Cost of Living rating Ethiopia holds position #63 2013 out of 102 and Armenia is #53 out of 90 2012.
Position of Ethiopia is better than position of Armenia.
Both countries holds average positions in the "Cost of Living" rating. So Cost of Living Index is an average for both Ethiopia and Armenia, 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
    Ethiopia 'Cost of Living Index' value is 41.74
  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
    Ethiopia 'Cost of Living Index' value is 48.89
  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
    Ethiopia 'Cost of Living Index' value is 54.86
  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
    Ethiopia 'Cost of Living Index' value is 55.52
  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
    Ethiopia 'Cost of Living Index' value is 44.91
  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
    Ethiopia 'Cost of Living Index' value is 50.33
  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
    Ethiopia 'Cost of Living Index' value is 43.41
  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
    Ethiopia 'Cost of Living Index' value is 48.02
  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
    Ethiopia 'Cost of Living Index' value is 53.23
  10. Cost of Living 2013 by Numbeo
    The countries in the rating sorted by 'Cost of Living Index' in descending order.
    Ethiopia 'Cost of Living Index' value is 59.86
  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