North Korea vs Panama - Cost of Living Comparison

Updated:

Livingcost

North Korea Panama
🚶 Cost of living one person
$1598
$1324
👨‍👩‍👧‍👦 Cost of living Family
$3465
$3050
🏠 One person rent
$940
$742
🏘️ Family rent
$1624
$1185
🍽️ Food expenses
$497
$427
🚐 Transport expenses
$107
$59.6
💳 Monthly salary after tax
$119
$850
💸 GDP per capita
$1261
$19161
😃 Human freedom index
1.4
7.92
❤️ Life expectancy
73.6
79.6
👮 Corruption perceptions index
15
33
🌐 English speaking %
0%
14%
🎓 Higher education
17
44
😀 Quality of life
10
60
🏙️ Population
26.5M
4.52M

The average cost of living in North Korea ($1598) is 21% more expensive than in Panama ($1324). North Korea ranked 36th 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 0.6 months in Panama. Ranked 191st and 70th best countries to live in the world.

Salary adjustment calculator
the estimated difference in money purchasing power

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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
$8.48
$9.11
🥂 Dinner in a Restaurant, for 2
$111
$43.4
🥪 Fast food meal, equiv. McDonald's
$5.02
$7.14
🍻 Beer in a Pub, 0.5 L or 16 fl oz
$1.83
$2.84
 Cappuccino
$1.94
$3.73
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz
$0.55
$1.69
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2
$869
$787
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2
$787
$563
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2
$3092
$1416
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2
$1565
$956
🔌 Utility Bill one person, electricity, heating, water, etc.
$81.1
$88.2
🔌 Utility Bill for a Family, electricity, heating, water, etc.
$125
$136
🌐 Internet plan, 50 Mbps+ 1 month unlimited
$55.6
$46.3
🏦 Mortgage Interest Rate for 20 Years
12.65%
6.36%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2
$1458
$2983
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2
$844
$1713
Transportation
🚌 Local transport ticket
$0.34
$0.43
🎟️ Monthly ticket local transport
$46.6
$29.7
🚕 Taxi Ride, 8 km or 5 mi
$19.2
$18.7
 Gas / Petrol, 1 L or 0.26 gal
$0.9
$1
Groceries
🥛 Milk, 1 L or 1 qt
$2.52
$1.82
🍞 Bread, 0.5 kg or 1.1 lb
$2.63
$2.35
🍚 Rice, 1 kg or 2.2 lb
$2.64
$2.53
🥚 Eggs, x12
$2.57
$3.07
🧀 Cheese, 1 kg or 2.2 lb
$9.51
$10.8
🐔 Chicken Breast, 1 kg or 2.2 lb
$18
$6.37
🥩 Round Steak, 1 kg or 2.2 lb
$6.9
$9.68
🍏 Apples, 1 kg or 2.2 lb
$3.13
$3.5
🍌 Banana, 1 kg or 2.2 lb
$1.19
$1.62
🍊 Oranges, 1 kg or 2.2 lb
$1.64
$3.29
🍅 Tomato, 1 kg or 2.2 lb
$6.93
$2.97
🥔 Potato, 1 kg or 2.2 lb
$3.02
$2.47
🧅 Onion, 1 kg or 2.2 lb
$1.01
$3.68
🌊 Water, 1 L or 1 qt
$0.36
$1.15
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz
$2.17
$2.37
🍾 Wine (mid-priced), 750 mL bottle
$6.93
$10.3
🍺 Beer, 0.5 L or 16 fl oz
$2.7
$1.37
🚬 Cigarette pack
$2.91
$6.01
💊 Cold medicince, 1 week
$3.5
$11.4
🧴 Hair Shampoo
$2.92
$6.18
🧻 Toilet paper, 4 rolls
$1.57
$2.7
👄 Toothpaste, 1 tube
$4.45
$2.45
Other
🏋️ Gym Membership, 1 month
$24.1
$35.9
🎫 Cinema Ticket, 1 person
$4.24
$7.16
👩‍⚕️ Doctor's visit
$16.8
$42.4
💇 Haircut, simple
$4.06
$11.2
👖 Brand Jeans
$28.2
$50.2
👟 Brand Sneakers
$62.7
$85.8
👶 Daycare or Preschool, 1 month
$108
$501
🏫 International Primary School, 1 year
$3833
$12647

Cost of living in other countries

Cost of living

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Cost of Living in Popular cities

In North Korea

City Cost of living Population
Pyongyang
$1675
2.86M
Hamhung
$1604
769K
Chongjin
$1593
668K
Sunchon
$1574
437K
Nampo
$1580
367K
Wonsan
$1572
363K
Sinuiju
$1574
359K
Tanchon
$1569
346K
Kaechon
$1572
320K
Sariwon
$1560
308K
Kaesong
$1563
308K
Haeju
$1568
273K
Kanggye
$1560
252K
Anju
$1551
240K
Tokchon
$1560
237K
Pyongsong
$1551
237K
Kimchaek
$1551
207K
Kusong
$1540
197K
Rason
$1477
197K
Hyesan
$1553
193K
Chongju
$1539
190K
Huichon
$1545
168K
Sinpo
$1544
153K
Hoeryong
$1476
154K

In Panama

City Cost of living Population
Panama City
$1583
410K
Colon
$1179
242K
Tocumen
$1403
103K
Santiago de Veraguas
$1122
110K
La Chorrera
$977
68.9K
David
$922
82.9K
Pacora
$1395
52.5K
Penonome
$1153
21.7K
Balboa
$1425
10K
Chitre
$1154
9.02K