Melbourne vs Yerevan
Home Price & Cost of Living Comparison
Live DataLast updated: March 31, 2026·Source: OECD, Numbeo & National Statistics
💡 Why it matters: Melbourne vs Yerevan
Yerevan is 89% more affordable for homebuyers. Melbourne has a price-to-income ratio of 9.2x compared to 5.2x in Yerevan.
| Metric | Melbourne | Yerevan |
|---|---|---|
| Avg Home Price | $680,000 | $75,000 |
| Price / sqm | $8,500 | $1,200 |
| Rent (1BR) | $2,200/mo | $350/mo |
| Rent (3BR) | $3,200/mo | $600/mo |
| Price-to-Income | 9.2x | 5.2x |
| Mortgage Rate | 6.2% | 10.5% |
| 1yr Change | +3.2% | +8.2% |
| Median Income | $74,000/yr | $14,000/yr |
| Population | 5,100,000 | 1,100,000 |
📊
HomePricePeek Research TeamData Specialists
Our team analyzes data from OECD, Numbeo & National Statistics to deliver accurate, up-to-date information. All data is verified and cross-referenced with official sources.
✓ OECD, Numbeo & National Statistics✓ Updated 2025
Frequently Asked Questions
Is Melbourne or Yerevan more expensive?
Yerevan is more affordable. Home prices differ by $605,000 (89%).
Which city has cheaper rent, Melbourne or Yerevan?
Rent for a 1BR in Melbourne is $2,200/mo vs $350/mo in Yerevan.
Explore the DataPeek Network