Is Armenia cheap or expensive?

I'm curious to know, when it comes to Armenia, does it fall into the category of being a budget-friendly destination or is it more on the pricey side? How do the costs of daily necessities like food, transportation, and accommodations compare to other countries in the region? Are there any specific areas or activities that tend to be more expensive than others? And, for those traveling on a limited budget, are there any tips or tricks to make the most of their money while in Armenia?