North Korea vs Panama - Cost of Living Comparison

Updated:

Livingcost

North Korea Panama
🚶 Cost of living one person
$1593
$1307
👨‍👩‍👧‍👦 Cost of living Family
$3450
$3027
🏠 One person rent
$937
$716
🏘️ Family rent
$1622
$1116
🍽️ Food expenses
$495
$426
🚐 Transport expenses
$107
$65.8
💳 Monthly salary after tax
$137
$875
💸 GDP per capita
$1261
$19103
😃 Human freedom index
1.4
8
❤️ Life expectancy
73.6
79.6
👮 Corruption perceptions index
15
33
🌐 English speaking %
0%
14%
🎓 Higher education
18
47
😀 Quality of life
12
60
🏙️ Population
26.5M
4.52M

The average cost of living in North Korea ($1593) is 22% more expensive than in Panama ($1307). North Korea ranked 33rd 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 0.1 months in North Korea compared to 0.7 months in Panama. Ranked 190th and 68th best countries to live in the world.

Salary adjustment calculator
the estimated difference in money purchasing power

Cost of living in North Korea vs Panama infographic

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Prices in North Korea vs Panama

We calculate prices for North Korea and Panama as a population-weighted mean of 24 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.

North Korea Panama
Eating Out
🍱 Lunch Menu
$8.45
$9.09
🥂 Dinner in a Restaurant, for 2
$111
$43.6
🥪 Fast food meal, equiv. McDonald's
$5.02
$7.82
🍻 Beer in a Pub, 0.5 L or 16 fl oz
$1.85
$2.81
 Cappuccino
$1.89
$3.77
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz
$0.53
$1.65
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2
$866
$753
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2
$785
$537
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2
$3106
$1277
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2
$1564
$854
🔌 Utility Bill one person, electricity, heating, water, etc.
$81
$89.7
🔌 Utility Bill for a Family, electricity, heating, water, etc.
$125
$138
🌐 Internet plan, 50 Mbps+ 1 month unlimited
$55.4
$46.1
🏦 Mortgage Interest Rate for 20 Years
12.59%
6.42%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2
$1543
$2616
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2
$951
$1606
Transportation
🚌 Local transport ticket
$0.36
$0.43
🎟️ Monthly ticket local transport
$47.2
$30.4
🚕 Taxi Ride, 8 km or 5 mi
$19.3
$22.1
 Gas / Petrol, 1 L or 0.26 gal
$0.89
$1.02
Groceries
🥛 Milk, 1 L or 1 qt
$2.52
$1.78
🍞 Bread, 0.5 kg or 1.1 lb
$2.63
$2.36
🍚 Rice, 1 kg or 2.2 lb
$2.65
$2.31
🥚 Eggs, x12
$2.56
$2.97
🧀 Cheese, 1 kg or 2.2 lb
$9.46
$11.1
🐔 Chicken Breast, 1 kg or 2.2 lb
$18
$7.08
🥩 Round Steak, 1 kg or 2.2 lb
$6.92
$9.26
🍏 Apples, 1 kg or 2.2 lb
$3.12
$3.55
🍌 Banana, 1 kg or 2.2 lb
$1.2
$1.51
🍊 Oranges, 1 kg or 2.2 lb
$1.63
$3.25
🍅 Tomato, 1 kg or 2.2 lb
$6.95
$2.99
🥔 Potato, 1 kg or 2.2 lb
$3
$2.36
🧅 Onion, 1 kg or 2.2 lb
$1.01
$3.2
🌊 Water, 1 L or 1 qt
$0.33
$1.11
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz
$2.17
$2.37
🍾 Wine (mid-priced), 750 mL bottle
$6.96
$10.1
🍺 Beer, 0.5 L or 16 fl oz
$2.68
$1.31
🚬 Cigarette pack
$2.84
$5.92
💊 Cold medicince, 1 week
$3.39
$11.4
🧴 Hair Shampoo
$2.83
$6.16
🧻 Toilet paper, 4 rolls
$1.51
$2.71
👄 Toothpaste, 1 tube
$4.43
$2.46
Other
🏋️ Gym Membership, 1 month
$24.4
$35.7
🎫 Cinema Ticket, 1 person
$4.32
$7.18
👩‍⚕️ Doctor's visit
$16.2
$49.6
💇 Haircut, simple
$3.5
$11.4
👖 Brand Jeans
$28.2
$50.6
👟 Brand Sneakers
$63.8
$85.8
👶 Daycare or Preschool, 1 month
$95.1
$476
🏫 International Primary School, 1 year
$3364
$14818

Cost of living in other countries

Cost of living

More countries to compare

Cost of Living in Popular cities

In North Korea

City Cost of living Population
Pyongyang
$1659
2.86M
Hamhung
$1607
769K
Chongjin
$1597
668K
Sunchon
$1573
437K
Nampo
$1565
367K
Wonsan
$1569
363K
Sinuiju
$1564
359K
Tanchon
$1570
346K
Kaechon
$1569
320K
Sariwon
$1560
308K
Kaesong
$1568
308K
Haeju
$1565
273K
Kanggye
$1553
252K
Anju
$1563
240K
Tokchon
$1555
237K
Pyongsong
$1550
237K
Kimchaek
$1556
207K
Kusong
$1544
197K
Rason
$1483
197K
Hyesan
$1550
193K
Chongju
$1553
190K
Huichon
$1544
168K
Sinpo
$1535
153K
Hoeryong
$1476
154K

In Panama

City Cost of living Population
Panama City
$1560
410K
Colon
$1188
242K
Tocumen
$1377
103K
Santiago de Veraguas
$1122
110K
La Chorrera
$981
68.9K
Chitre
$1150
60.5K
David
$925
82.9K
Pacora
$1371
52.5K
Penonome
$1150
21.7K
Balboa
$1400
10K