Istanbul vs Panama City - Cost of Living Comparison

Updated: March 02, 2025

	Istanbul	Panama City
🚶 Cost of living one person	$1248	$1479
👨‍👩‍👧‍👦 Cost of living Family	$3224	$3609
🏠 One person rent	$649	$846
🏘️ Family rent	$1199	$1592
🍽️ Food expenses	$354	$440
🚐 Transport expenses	$125	$83
💳 Monthly salary after tax	$883	$967
😷 Air quality	Moderate	Good
✈️ Airport proximity	12 km	7 km
🎓 Higher education	95	42
😀 Quality of life	76	67
🏙️ Population	15.7M	881K

The cost of living in Istanbul is 16% less expensive than in Panama City. Cities ranked 4347th and 3517th ($1248 vs $1479) 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 0.7 months in Istanbul compared to 0.7 months in Panama City. Istanbul ranked 1st best city to live in Turkey vs Panama City ranked 1st in Panama, while ranked 850th and 3734th among best cities to live in the world.

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the estimated difference in money purchasing power

Cost of living in Istanbul vs Panama City infographic

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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	$11	$10.4
🥂 Dinner in a Restaurant, for 2	$49.1	$48.5
🥪 Fast food meal, equiv. McDonald's	$8.29	$8.06
🍻 Beer in a Pub, 0.5 L or 16 fl oz	$4.14	$2.97
☕ Cappuccino	$3.37	$3.99
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz	$1.38	$1.66
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2	$853	$891
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2	$529	$681
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2	$1671	$1749
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2	$985	$1344
🔌 Utility Bill one person, electricity, heating, water, etc.	$41.3	$78
🔌 Utility Bill for a Family, electricity, heating, water, etc.	$63.7	$121
🌐 Internet plan, 50 Mbps+ 1 month unlimited	$13.4	$45.4
🏦 Mortgage Interest Rate for 20 Years	47.81%	6.28%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2	$3233	$2551
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2	$1719	$1632
Transportation
🚌 Local transport ticket	$0.74	$0.42
🎟️ Monthly ticket local transport	$42.7	$23.2
🚕 Taxi Ride, 8 km or 5 mi	$5.79	$14.3
⛽ Gas / Petrol, 1 L or 0.26 gal	$1.23	$0.96
Groceries
🥛 Milk, 1 L or 1 qt	$1.11	$1.8
🍞 Bread, 0.5 kg or 1.1 lb	$0.79	$2.19
🍚 Rice, 1 kg or 2.2 lb	$2.11	$2.33
🥚 Eggs, x12	$2.36	$2.77
🧀 Cheese, 1 kg or 2.2 lb	$9.72	$12.4
🐔 Chicken Breast, 1 kg or 2.2 lb	$6.14	$7.09
🥩 Round Steak, 1 kg or 2.2 lb	$19.1	$9.99
🍏 Apples, 1 kg or 2.2 lb	$1.37	$3.44
🍌 Banana, 1 kg or 2.2 lb	$2.13	$1.58
🍊 Oranges, 1 kg or 2.2 lb	$1.2	$2.89
🍅 Tomato, 1 kg or 2.2 lb	$1.56	$2.94
🥔 Potato, 1 kg or 2.2 lb	$0.61	$2.23
🧅 Onion, 1 kg or 2.2 lb	$0.61	$2.8
🌊 Water, 1 L or 1 qt	$0.38	$1.07
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz	$1.49	$2.31
🍾 Wine (mid-priced), 750 mL bottle	$11.1	$10
🍺 Beer, 0.5 L or 16 fl oz	$2.18	$1.29
🚬 Cigarette pack	$2.19	$5.98
💊 Cold medicince, 1 week	$5.59	$11.7
🧴 Hair Shampoo	$3.23	$7.94
🧻 Toilet paper, 4 rolls	$2.91	$3.37
👄 Toothpaste, 1 tube	$2.38	$3.71
Other
🏋️ Gym Membership, 1 month	$54.7	$45.3
🎫 Cinema Ticket, 1 person	$6.81	$7.22
👩‍⚕️ Doctor's visit	$78.3	$54.5
💇 Haircut, simple	$8.76	$12.9
👖 Brand Jeans	$58.1	$56.8
👟 Brand Sneakers	$103	$93.2
👶 Daycare or Preschool, 1 month	$815	$477
🏫 International Primary School, 1 year	$17728	$13616

Cost of living in other countries

Cost of living

Cost of Living in the nearest cities

Cities near Istanbul

Distance	City	Cost of living
40 km or 25 mi	Cayirova	$599
46 km or 28 mi	Gebze	$573
73 km or 45 mi	Korfez	$782
79 km or 49 mi	Kocaeli	$718
83 km or 51 mi	Golcuk	$835
87 km or 54 mi	Izmit	$1113
91 km or 56 mi	Kapakli	$701
92 km or 57 mi	Bursa	$743
96 km or 59 mi	Kartepe	$872
98 km or 61 mi	Corlu	$690
111 km or 69 mi	Bandirma	$679
113 km or 70 mi	Inegol	$708
121 km or 75 mi	Tekirdag	$661
124 km or 77 mi	Adapazari	$455
124 km or 77 mi	Sakarya	$547
129 km or 80 mi	Bilecik	$755
141 km or 88 mi	Luleburgaz	$661
166 km or 103 mi	Kirklareli	$642
176 km or 110 mi	Balikesir	$707
186 km or 115 mi	Duzce	$535
190 km or 118 mi	Eskisehir	$691
192 km or 120 mi	Uzunkopru	$652
197 km or 122 mi	Kutahya	$568
207 km or 129 mi	Burgas	$721
208 km or 129 mi	Karadeniz Eregli	$626
214 km or 133 mi	Edirne	$624
224 km or 139 mi	Bolu	$616
234 km or 145 mi	Soma	$679
236 km or 147 mi	Canakkale	$690
259 km or 161 mi	Varna	$892
260 km or 162 mi	Alexandroupoli	$911
261 km or 162 mi	Yambol	$546
261 km or 162 mi	Usak	$629
284 km or 177 mi	Afyonkarahisar	$464
287 km or 178 mi	Sliven	$631
290 km or 180 mi	Salihli	$677
290 km or 180 mi	Bartin	$710
295 km or 184 mi	Manisa	$638
296 km or 184 mi	Mytilene	$934
299 km or 186 mi	Komotini	$899

Cities near Panama City

Distance	City	Cost of living
8.1 km or 5 mi	Balboa	$1328
16 km or 9.9 mi	Tocumen	$1310
26 km or 16 mi	Pacora	$1304
34 km or 21 mi	La Chorrera	$957
59 km or 37 mi	Colon	$1172
108 km or 67 mi	Penonome	$1116
154 km or 96 mi	Chitre	$1117
190 km or 118 mi	Santiago de Veraguas	$1089
321 km or 199 mi	Turbo	$664
329 km or 204 mi	David	$890
398 km or 247 mi	Monteria	$645
403 km or 250 mi	Limon	$1225
406 km or 252 mi	Santa Cruz de Lorica	$669
452 km or 281 mi	Sincelejo	$524
463 km or 288 mi	Cartagena	$760
483 km or 300 mi	Quibdo	$705
494 km or 307 mi	Cartago	$1024
513 km or 319 mi	San Jose	$1324
518 km or 322 mi	Heredia	$1296
521 km or 324 mi	Magangue	$604
526 km or 327 mi	Bello	$839
529 km or 329 mi	Alajuela	$1269
530 km or 329 mi	Medellin	$906
534 km or 332 mi	Envigado	$897
558 km or 347 mi	Soledad	$741
559 km or 348 mi	Barranquilla	$773
595 km or 370 mi	Puntarenas	$801
617 km or 383 mi	Cartago	$649
617 km or 383 mi	Cienaga	$742
623 km or 387 mi	Manizales	$653
627 km or 390 mi	Santa Teresa	$1213
627 km or 390 mi	Pereira	$680
631 km or 392 mi	Santa Marta	$837
632 km or 393 mi	Buenaventura	$742
636 km or 395 mi	Minca	$759
651 km or 404 mi	Salento	$605
652 km or 405 mi	Armenia	$598
657 km or 408 mi	Tulua	$513
658 km or 409 mi	Barrancabermeja	$1031
675 km or 419 mi	Liberia	$932