Istanbul vs Panama City - Cost of Living Comparison

Updated: October 14, 2025

	Istanbul	Panama City
🚶 Cost of living one person	$1288	$1560
👨‍👩‍👧‍👦 Cost of living Family	$3260	$3547
🏠 One person rent	$675	$943
🏘️ Family rent	$1155	$1558
🍽️ Food expenses	$361	$429
🚐 Transport expenses	$138	$78.4
💳 Monthly salary after tax	$958	$982
😷 Air quality	Moderate	Excellent
✈️ Airport proximity	12 km	7 km
🎓 Higher education	95	43
😀 Quality of life	78	71
🏙️ Population	15.7M	410K

The cost of living in Istanbul is 17% less expensive than in Panama City. Cities ranked 4522nd and 3737th ($1288 vs $1560) 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 0.6 months in Panama City. Istanbul ranked 1st best city to live in Turkey vs Panama City ranked 1st in Panama, while ranked 1015th and 3765th among best cities to live in the world.

Salary adjustment calculator
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	$10.5	$10.6
🥂 Dinner in a Restaurant, for 2	$51.2	$45.7
🥪 Fast food meal, equiv. McDonald's	$8.55	$8.08
🍻 Beer in a Pub, 0.5 L or 16 fl oz	$3.98	$2.93
☕ Cappuccino	$3.9	$4.03
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz	$1.5	$1.69
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2	$864	$1015
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2	$552	$759
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2	$1568	$1675
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2	$944	$1306
🔌 Utility Bill one person, electricity, heating, water, etc.	$47.8	$86.4
🔌 Utility Bill for a Family, electricity, heating, water, etc.	$73.6	$133
🌐 Internet plan, 50 Mbps+ 1 month unlimited	$13	$45.5
🏦 Mortgage Interest Rate for 20 Years	46.24%	6.41%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2	$2833	$2662
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2	$1376	$1618
Transportation
🚌 Local transport ticket	$0.72	$0.35
🎟️ Monthly ticket local transport	$47.6	$23.2
🚕 Taxi Ride, 8 km or 5 mi	$6.88	$20.5
⛽ Gas / Petrol, 1 L or 0.26 gal	$1.2	$0.97
Groceries
🥛 Milk, 1 L or 1 qt	$1.03	$1.79
🍞 Bread, 0.5 kg or 1.1 lb	$0.61	$2.25
🍚 Rice, 1 kg or 2.2 lb	$1.6	$2.11
🥚 Eggs, x12	$2.58	$3.17
🧀 Cheese, 1 kg or 2.2 lb	$9.22	$11.7
🐔 Chicken Breast, 1 kg or 2.2 lb	$8.17	$6.81
🥩 Round Steak, 1 kg or 2.2 lb	$20	$9.86
🍏 Apples, 1 kg or 2.2 lb	$1.52	$3.27
🍌 Banana, 1 kg or 2.2 lb	$2.33	$1.52
🍊 Oranges, 1 kg or 2.2 lb	$1.4	$3.27
🍅 Tomato, 1 kg or 2.2 lb	$1.36	$3.05
🥔 Potato, 1 kg or 2.2 lb	$0.68	$2.34
🧅 Onion, 1 kg or 2.2 lb	$0.61	$3.26
🌊 Water, 1 L or 1 qt	$0.37	$1.05
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz	$1.55	$2.44
🍾 Wine (mid-priced), 750 mL bottle	$13.5	$11.2
🍺 Beer, 0.5 L or 16 fl oz	$2.22	$1.38
🚬 Cigarette pack	$2.1	$5.92
💊 Cold medicince, 1 week	$3.85	$8.17
🧴 Hair Shampoo	$3.17	$8.06
🧻 Toilet paper, 4 rolls	$1.87	$2.98
👄 Toothpaste, 1 tube	$2.68	$3.05
Other
🏋️ Gym Membership, 1 month	$52.9	$42.6
🎫 Cinema Ticket, 1 person	$8.41	$7.32
👩‍⚕️ Doctor's visit	$61.5	$58.4
💇 Haircut, simple	$9.56	$14.3
👖 Brand Jeans	$53.3	$54
👟 Brand Sneakers	$104	$91.3
👶 Daycare or Preschool, 1 month	$1043	$477
🏫 International Primary School, 1 year	$18637	$15637

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	$679
46 km or 28 mi	Gebze	$659
73 km or 45 mi	Korfez	$819
79 km or 49 mi	Kocaeli	$835
83 km or 51 mi	Golcuk	$838
87 km or 54 mi	Izmit	$985
91 km or 56 mi	Kapakli	$725
92 km or 57 mi	Bursa	$915
96 km or 59 mi	Kartepe	$852
98 km or 61 mi	Corlu	$679
111 km or 69 mi	Bandirma	$724
113 km or 70 mi	Inegol	$787
121 km or 75 mi	Tekirdag	$562
124 km or 77 mi	Adapazari	$547
124 km or 77 mi	Sakarya	$686
129 km or 80 mi	Bilecik	$837
141 km or 88 mi	Luleburgaz	$691
166 km or 103 mi	Kirklareli	$574
176 km or 110 mi	Balikesir	$704
186 km or 115 mi	Duzce	$695
190 km or 118 mi	Eskisehir	$777
192 km or 120 mi	Uzunkopru	$821
197 km or 122 mi	Kutahya	$612
207 km or 129 mi	Burgas	$848
208 km or 129 mi	Karadeniz Eregli	$713
214 km or 133 mi	Edirne	$1151
224 km or 139 mi	Bolu	$655
234 km or 145 mi	Soma	$732
236 km or 147 mi	Canakkale	$697
259 km or 161 mi	Varna	$1039
260 km or 162 mi	Alexandroupoli	$1006
261 km or 162 mi	Yambol	$618
261 km or 162 mi	Usak	$699
284 km or 177 mi	Afyonkarahisar	$664
287 km or 178 mi	Sliven	$591
290 km or 180 mi	Salihli	$725
290 km or 180 mi	Bartin	$745
295 km or 184 mi	Manisa	$760
296 km or 184 mi	Mytilene	$1067
299 km or 186 mi	Komotini	$1013

Cities near Panama City

Distance	City	Cost of living
8.1 km or 5 mi	Balboa	$1400
16 km or 9.9 mi	Tocumen	$1377
26 km or 16 mi	Pacora	$1371
34 km or 21 mi	La Chorrera	$981
59 km or 37 mi	Colon	$1188
108 km or 67 mi	Penonome	$1150
154 km or 96 mi	Chitre	$1150
190 km or 118 mi	Santiago de Veraguas	$1122
321 km or 199 mi	Turbo	$721
329 km or 204 mi	David	$925
398 km or 247 mi	Monteria	$663
403 km or 250 mi	Limon	$1288
406 km or 252 mi	Santa Cruz de Lorica	$715
452 km or 281 mi	Sincelejo	$547
463 km or 288 mi	Cartagena	$1105
483 km or 300 mi	Quibdo	$708
494 km or 307 mi	Cartago	$1241
513 km or 319 mi	San Jose	$1398
518 km or 322 mi	Heredia	$1335
521 km or 324 mi	Magangue	$667
526 km or 327 mi	Bello	$881
529 km or 329 mi	Alajuela	$1303
530 km or 329 mi	Medellin	$1030
534 km or 332 mi	Envigado	$950
558 km or 347 mi	Soledad	$883
559 km or 348 mi	Barranquilla	$843
595 km or 370 mi	Puntarenas	$821
617 km or 383 mi	Cartago	$679
617 km or 383 mi	Cienaga	$831
623 km or 387 mi	Manizales	$678
627 km or 390 mi	Santa Teresa	$1236
627 km or 390 mi	Pereira	$730
631 km or 392 mi	Santa Marta	$929
632 km or 393 mi	Buenaventura	$782
636 km or 395 mi	Minca	$847
651 km or 404 mi	Salento	$655
652 km or 405 mi	Armenia	$667
657 km or 408 mi	Tulua	$511
658 km or 409 mi	Barrancabermeja	$1082
675 km or 419 mi	Liberia	$953