Istanbul vs Panama City - Cost of Living Comparison

Updated:

Livingcost

Istanbul Panama City
🚶 Cost of living one person
$1328
$1590
👨‍👩‍👧‍👦 Cost of living Family
$3415
$3556
🏠 One person rent
$687
$946
🏘️ Family rent
$1209
$1545
🍽️ Food expenses
$354
$439
🚐 Transport expenses
$169
$100
💳 Monthly salary after tax
$1177
$973
😷 Air quality
Moderate
Excellent
✈️ Airport proximity
12 km
7 km
🎓 Higher education
95
42
😀 Quality of life
79
71
🏙️ Population
15.7M
1.54M

The cost of living in Istanbul is 16% less expensive than in Panama City. Cities ranked 4475th and 3634th ($1328 vs $1590) in the list of the most expensive cities in the world and ranked 1st and 1st in Turkey and Panama, respectively. Check Turkey vs Panama comparison.

The average after-tax salary is enough to cover living expenses for 0.9 months in Istanbul compared to 0.6 months in Panama City. Istanbul ranked 1st best city to live in Turkey vs Panama City ranked 1st in Panama, while ranked 829th and 3213th among best cities to live in the world.

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the estimated difference in money purchasing power

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Prices in Istanbul vs Panama City

Prices for goods and services in Istanbul and Panama City are partly crowdsourced by our visitors, just like yourself. Please consider telling us about your city.

Istanbul Panama City
Eating Out
🍱 Lunch Menu
$10
$9.69
🥂 Dinner in a Restaurant, for 2
$47.9
$45.4
🥪 Fast food meal, equiv. McDonald's
$9.57
$8.03
🍻 Beer in a Pub, 0.5 L or 16 fl oz
$4.56
$2.93
☕ Cappuccino
$4.15
$4.3
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz
$1.67
$1.82
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2
$894
$1068
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2
$548
$747
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2
$1617
$1913
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2
$983
$1223
🔌 Utility Bill one person, electricity, heating, water, etc.
$54.4
$90.4
🔌 Utility Bill for a Family, electricity, heating, water, etc.
$83.7
$140
🌐 Internet plan, 50 Mbps+ 1 month unlimited
$15.4
$44.6
🏦 Mortgage Interest Rate for 20 Years
41.66%
6.27%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2
$3154
$3111
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2
$1658
$1732
Transportation
🚌 Local transport ticket
$0.91
$0.35
🎟️ Monthly ticket local transport
$60
$22.5
🚕 Taxi Ride, 8 km or 5 mi
$8.5
$14.7
⛽ Gas / Petrol, 1 L or 0.26 gal
$1.34
$0.98
Groceries
🥛 Milk, 1 L or 1 qt
$1.17
$1.83
🍞 Bread, 0.5 kg or 1.1 lb
$0.73
$2.17
🍚 Rice, 1 kg or 2.2 lb
$1.71
$2.34
🥚 Eggs, x12
$2.52
$3.11
🧀 Cheese, 1 kg or 2.2 lb
$10.2
$12.1
🐔 Chicken Breast, 1 kg or 2.2 lb
$6.25
$7.11
🥩 Round Steak, 1 kg or 2.2 lb
$21.5
$10.6
🍏 Apples, 1 kg or 2.2 lb
$1.92
$3.56
🍌 Banana, 1 kg or 2.2 lb
$2.35
$1.54
🍊 Oranges, 1 kg or 2.2 lb
$1.36
$3.7
🍅 Tomato, 1 kg or 2.2 lb
$1.52
$3.36
🥔 Potato, 1 kg or 2.2 lb
$0.57
$2.62
🧅 Onion, 1 kg or 2.2 lb
$0.46
$3.19
🌊 Water, 1 L or 1 qt
$0.4
$1.24
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz
$1.51
$2.37
🍾 Wine (mid-priced), 750 mL bottle
$12.2
$12.1
🍺 Beer, 0.5 L or 16 fl oz
$2.31
$1.35
🚬 Cigarette pack
$2.22
$5.95
💊 Cold medicince, 1 week
$3.02
$8.08
🧴 Hair Shampoo
$3.24
$7.95
🧻 Toilet paper, 4 rolls
$1.99
$2.92
👄 Toothpaste, 1 tube
$1.95
$3.05
Other
🏋️ Gym Membership, 1 month
$63.2
$41.9
🎫 Cinema Ticket, 1 person
$8.01
$7.52
👩‍⚕️ Doctor's visit
$61.2
$42.9
💇 Haircut, simple
$9.59
$14.5
👖 Brand Jeans
$55.6
$58.4
👟 Brand Sneakers
$108
$90.7
👶 Daycare or Preschool, 1 month
$1014
$505
🏫 International Primary School, 1 year
$23206
$11486

Cost of living in other countries

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Cost of Living in the nearest cities

Cities near Istanbul

Distance City Cost of living
40 km or 25 mi Cayirova
$651
46 km or 28 mi Gebze
$634
73 km or 45 mi Korfez
$790
79 km or 49 mi Kocaeli
$824
83 km or 51 mi Golcuk
$807
87 km or 54 mi Izmit
$899
91 km or 56 mi Kapakli
$731
92 km or 57 mi Bursa
$866
96 km or 59 mi Kartepe
$812
98 km or 61 mi Corlu
$692
111 km or 69 mi Bandirma
$724
113 km or 70 mi Inegol
$763
121 km or 75 mi Tekirdag
$593
124 km or 77 mi Adapazari
$598
124 km or 77 mi Sakarya
$710
129 km or 80 mi Bilecik
$764
141 km or 88 mi Luleburgaz
$679
166 km or 103 mi Kirklareli
$522
176 km or 110 mi Balikesir
$750
186 km or 115 mi Duzce
$656
190 km or 118 mi Eskisehir
$747
192 km or 120 mi Uzunkopru
$830
197 km or 122 mi Kutahya
$606
207 km or 129 mi Burgas
$855
208 km or 129 mi Karadeniz Eregli
$710
214 km or 133 mi Edirne
$1201
224 km or 139 mi Bolu
$713
234 km or 145 mi Soma
$741
236 km or 147 mi Canakkale
$699
259 km or 161 mi Varna
$1140
260 km or 162 mi Alexandroupoli
$1030
261 km or 162 mi Yambol
$676
261 km or 162 mi Usak
$702
284 km or 177 mi Afyonkarahisar
$641
287 km or 178 mi Sliven
$610
290 km or 180 mi Salihli
$743
290 km or 180 mi Bartin
$702
295 km or 184 mi Manisa
$743
296 km or 184 mi Mytilene
$1060
299 km or 186 mi Komotini
$1020

Cities near Panama City

Distance City Cost of living
8.1 km or 5 mi Balboa
$1396
16 km or 9.9 mi Tocumen
$1373
26 km or 16 mi Pacora
$1361
34 km or 21 mi La Chorrera
$982
59 km or 37 mi Colon
$1185
108 km or 67 mi Penonome
$1147
154 km or 96 mi Chitre
$1144
190 km or 118 mi Santiago de Veraguas
$1112
321 km or 199 mi Turbo
$797
329 km or 204 mi David
$909
398 km or 247 mi Monteria
$733
403 km or 250 mi Limon
$1228
406 km or 252 mi Santa Cruz de Lorica
$789
452 km or 281 mi Sincelejo
$586
463 km or 288 mi Cartagena
$1186
483 km or 300 mi Quibdo
$802
494 km or 307 mi Cartago
$1361
513 km or 319 mi San Jose
$1574
518 km or 322 mi Heredia
$1471
521 km or 324 mi Magangue
$727
526 km or 327 mi Bello
$1012
529 km or 329 mi Alajuela
$1362
530 km or 329 mi Medellin
$1162
534 km or 332 mi Envigado
$1041
558 km or 347 mi Soledad
$967
559 km or 348 mi Barranquilla
$931
595 km or 370 mi Puntarenas
$872
617 km or 383 mi Cartago
$769
617 km or 383 mi Cienaga
$882
623 km or 387 mi Manizales
$737
627 km or 390 mi Santa Teresa
$1325
627 km or 390 mi Pereira
$862
631 km or 392 mi Santa Marta
$973
632 km or 393 mi Buenaventura
$856
636 km or 395 mi Minca
$891
651 km or 404 mi Salento
$749
652 km or 405 mi Armenia
$749
657 km or 408 mi Tulua
$563
658 km or 409 mi Barrancabermeja
$1001
675 km or 419 mi Liberia
$1024