Iraq vs Panama - Cost of Living Comparison

Updated:

Livingcost

Iraq Panama
🚶 Cost of living one person
$754
$1198
👨‍👩‍👧‍👦 Cost of living Family
$1739
$2872
🏠 One person rent
$341
$624
🏘️ Family rent
$570
$1080
🍽️ Food expenses
$239
$416
🚐 Transport expenses
$113
$61.7
💳 Monthly salary after tax
$587
$895
💸 GDP per capita
$5937
$17358
😃 Human freedom index
4.73
7.57
❤️ Life expectancy
70.4
76.2
👮 Corruption perceptions index
23
35
🌐 English speaking %
35%
14%
🎓 Higher education
52
46
😀 Quality of life
30
56
🏙️ Population
38.3M
4.1M

The average cost of living in Iraq ($754) is 37% less expensive than in Panama ($1198). Iraq ranked 124th vs 53rd for Panama in the list of the most expensive countries in the world.

The average after-tax salary is enough to cover living expenses for 0.8 months in Iraq compared to 0.7 months in Panama. Ranked 147th and 71st best countries to live in the world.

Salary adjustment calculator
the estimated difference in money purchasing power

Cost of living in Iraq vs Panama infographic

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Prices in Iraq vs Panama

We calculate prices for Iraq and Panama as a population-weighted mean of 29 and 10 cities, respectively. Since large cities tend to have a higher cost of living, it's better to visit specific city pages below for more relevant information.

Iraq Panama
Eating Out
🍱 Lunch Menu
$5.05
$9.95
🥂 Dinner in a Restaurant, for 2
$23.1
$48.7
🥪 Fast food meal, equiv. McDonald's
$6.88
$7.78
🍻 Beer in a Pub, 0.5 L or 16 fl oz
$2.82
$2.46
 Cappuccino
$2.78
$3.95
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz
$0.48
$1.75
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2
$333
$712
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2
$212
$447
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2
$634
$1430
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2
$376
$794
🔌 Utility Bill one person, electricity, heating, water, etc.
$68.6
$78.8
🔌 Utility Bill for a Family, electricity, heating, water, etc.
$106
$121
🌐 Internet plan, 50 Mbps+ 1 month unlimited
$36.8
$47.1
🏦 Mortgage Interest Rate for 20 Years
9.66%
6.05%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2
$1686
$2303
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2
$815
$1386
Transportation
🚌 Local transport ticket
$0.47
$0.4
🎟️ Monthly ticket local transport
$34.8
$28.6
🚕 Taxi Ride, 8 km or 5 mi
$16.8
$13
 Gas / Petrol, 1 L or 0.26 gal
$0.5
$1.08
Groceries
🥛 Milk, 1 L or 1 qt
$1.18
$1.73
🍞 Bread, 0.5 kg or 1.1 lb
$0.87
$2.21
🍚 Rice, 1 kg or 2.2 lb
$1.35
$1.93
🥚 Eggs, x12
$1.89
$2.59
🧀 Cheese, 1 kg or 2.2 lb
$4.99
$11.1
🐔 Chicken Breast, 1 kg or 2.2 lb
$4.88
$7.31
🥩 Round Steak, 1 kg or 2.2 lb
$11.3
$8.61
🍏 Apples, 1 kg or 2.2 lb
$1.03
$3.02
🍌 Banana, 1 kg or 2.2 lb
$1.15
$1.36
🍊 Oranges, 1 kg or 2.2 lb
$1.04
$2.82
🍅 Tomato, 1 kg or 2.2 lb
$0.7
$2.86
🥔 Potato, 1 kg or 2.2 lb
$0.66
$2.14
🧅 Onion, 1 kg or 2.2 lb
$0.62
$2.02
🌊 Water, 1 L or 1 qt
$0.36
$0.96
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz
$1.01
$2.52
🍾 Wine (mid-priced), 750 mL bottle
$11.6
$9.18
🍺 Beer, 0.5 L or 16 fl oz
$1.82
$1.14
🚬 Cigarette pack
$1.97
$6.14
💊 Cold medicince, 1 week
$3.56
$11.2
🧴 Hair Shampoo
$3.22
$6.03
🧻 Toilet paper, 4 rolls
$2.16
$3.11
👄 Toothpaste, 1 tube
$2.45
$3.07
Other
🏋️ Gym Membership, 1 month
$31.3
$38.1
🎫 Cinema Ticket, 1 person
$8.18
$6.71
👩‍⚕️ Doctor's visit
$18.5
$45.4
💇 Haircut, simple
$5.5
$11.5
👖 Brand Jeans
$25.9
$53.7
👟 Brand Sneakers
$49.9
$81.7
👶 Daycare or Preschool, 1 month
$136
$408
🏫 International Primary School, 1 year
$1769
$9399

Cost of living in other countries

Cost of living

Cities Comparison in Iraq vs Panama

More countries to compare

Cost of Living in Popular cities

In Iraq

City Cost of living Population
Baghdad
$894
6.96M
Kirkuk
$535
975K
Basra
$875
1.33M
Mosul
$555
1.69M
Najaf
$569
725K
Erbil
$864
846K
Ramadi
$766
875K
Sulaymaniyah
$736
878K
Karbala
$582
690K
Nasiriyah
$671
542K
Amarah
$685
512K
Hillah
$667
541K
Ctesiphon
$751
500K
Baqubah
$658
468K
Az Zubayr
$698
370K
Kut
$637
378K
Al Diwaniyah
$507
392K
Fallujah
$827
326K
Duhok
$626
331K
Samawah
$594
215K
Zakho
$668
219K
Kufa
$559
166K
Abu Ghraib
$951
189K
Samarra
$684
140K
Umm Qasr
$708
108K
Al-Faw
$710
105K
Tikrit
$649
106K
Al-Karmah
$828
95K
Sinjar
$653
22.5K

In Panama

City Cost of living Population
Panama City
$1316
881K
Colon
$1157
242K
Tocumen
$1171
103K
Santiago de Veraguas
$961
89K
David
$789
82.9K
La Chorrera
$917
68.9K
Balboa
$1189
62.9K
Pacora
$1182
52.5K
Chitre
$980
46.2K
Penonome
$940
21.7K