Panama vs Turkey - Cost of Living Comparison

Updated:

Livingcost

Panama Turkey
🚶 Cost of living one person
$1260
$794
👨‍👩‍👧‍👦 Cost of living Family
$3090
$2003
🏠 One person rent
$654
$388
🏘️ Family rent
$1202
$698
🍽️ Food expenses
$442
$257
🚐 Transport expenses
$67.1
$66.5
💳 Monthly salary after tax
$856
$709
💸 GDP per capita
$18662
$12986
😃 Human freedom index
7.57
5.63
❤️ Life expectancy
76.8
78.5
👮 Corruption perceptions index
35
34
🌐 English speaking %
14%
15%
🎓 Higher education
46
77
😀 Quality of life
55
53
🏙️ Population
4.1M
85.4M

The average cost of living in Panama ($1260) is 59% more expensive than in Turkey ($794). Panama ranked 47th vs 125th for Turkey in the list of the most expensive countries in the world.

The average after-tax salary is enough to cover living expenses for 0.7 months in Panama compared to 0.9 months in Turkey. Ranked 71st and 73rd best countries to live in the world.

Salary adjustment calculator
the estimated difference in money purchasing power

Cost of living in Panama vs Turkey infographic

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Prices in Panama vs Turkey

We calculate prices for Panama and Turkey as a population-weighted mean of 10 and 128 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.

Panama Turkey
Eating Out
🍱 Lunch Menu
$11.3
$6.77
🥂 Dinner in a Restaurant, for 2
$54.2
$27.4
🥪 Fast food meal, equiv. McDonald's
$7.61
$6.73
🍻 Beer in a Pub, 0.5 L or 16 fl oz
$2.82
$2.84
 Cappuccino
$3.96
$2.64
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz
$1.88
$1.17
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2
$699
$442
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2
$483
$314
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2
$1448
$847
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2
$928
$577
🔌 Utility Bill one person, electricity, heating, water, etc.
$80
$36.5
🔌 Utility Bill for a Family, electricity, heating, water, etc.
$122
$56.3
🌐 Internet plan, 50 Mbps+ 1 month unlimited
$47.6
$11.5
🏦 Mortgage Interest Rate for 20 Years
6.19%
33.82%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2
$2352
$1761
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2
$1504
$1017
Transportation
🚌 Local transport ticket
$0.4
$0.51
🎟️ Monthly ticket local transport
$30.2
$19.9
🚕 Taxi Ride, 8 km or 5 mi
$14.8
$6.08
 Gas / Petrol, 1 L or 0.26 gal
$1.05
$1.12
Groceries
🥛 Milk, 1 L or 1 qt
$1.77
$0.88
🍞 Bread, 0.5 kg or 1.1 lb
$2.23
$0.89
🍚 Rice, 1 kg or 2.2 lb
$2.26
$1.48
🥚 Eggs, x12
$2.67
$1.55
🧀 Cheese, 1 kg or 2.2 lb
$12.5
$9.34
🐔 Chicken Breast, 1 kg or 2.2 lb
$7.36
$5.37
🥩 Round Steak, 1 kg or 2.2 lb
$9.88
$17.6
🍏 Apples, 1 kg or 2.2 lb
$3.32
$0.9
🍌 Banana, 1 kg or 2.2 lb
$1.54
$1.93
🍊 Oranges, 1 kg or 2.2 lb
$3.08
$0.92
🍅 Tomato, 1 kg or 2.2 lb
$2.92
$1.07
🥔 Potato, 1 kg or 2.2 lb
$2.23
$0.58
🧅 Onion, 1 kg or 2.2 lb
$2.51
$0.5
🌊 Water, 1 L or 1 qt
$1.01
$0.21
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz
$2.44
$1.38
🍾 Wine (mid-priced), 750 mL bottle
$8.84
$8.25
🍺 Beer, 0.5 L or 16 fl oz
$1.11
$1.97
🚬 Cigarette pack
$5.89
$1.88
💊 Cold medicince, 1 week
$12.1
$3.06
🧴 Hair Shampoo
$6.01
$2.5
🧻 Toilet paper, 4 rolls
$2.89
$1.18
👄 Toothpaste, 1 tube
$2.65
$1.6
Other
🏋️ Gym Membership, 1 month
$38.9
$33.3
🎫 Cinema Ticket, 1 person
$6.51
$5.19
👩‍⚕️ Doctor's visit
$45.6
$40.5
💇 Haircut, simple
$11.5
$6.62
👖 Brand Jeans
$53.1
$43.5
👟 Brand Sneakers
$86.4
$86.8
👶 Daycare or Preschool, 1 month
$438
$434
🏫 International Primary School, 1 year
$9292
$8293

Cost of living in other countries

Cost of living

Cities Comparison in Panama vs Turkey

More countries to compare

Cost of Living in Popular cities

In Panama

City Cost of living Population
Panama City
$1384
881K
Colon
$1182
242K
Tocumen
$1231
103K
Santiago de Veraguas
$1056
89K
La Chorrera
$953
68.9K
Balboa
$1249
62.9K
David
$833
82.9K
Pacora
$1249
52.5K
Chitre
$1091
46.2K
Penonome
$1098
21.7K

In Turkey

City Cost of living Population
Istanbul
$1125
15.5M
Ankara
$907
5.8M
Urfa
$567
1.99M
Izmir
$892
2.95M
Bursa
$789
2.9M
Konya
$674
2.23M
Adana
$705
1.77M
Antalya
$963
2.43M
Diyarbakir
$640
1.73M
Kocaeli
$695
1.85M
Gaziantep
$473
1.68M
Samsun
$820
1.37M
Kayseri
$656
1.39M
Balikesir
$584
1.25M
Denizli
$508
1.03M
Mersin
$789
1.04M
Eskisehir
$716
871K
Trabzon
$708
824K
Erzurum
$512
768K
Malatya
$570
426K
Elazig
$622
422K
Kahramanmaras
$604
444K
Van
$552
1.13M
Manisa
$612
420K
Antakya
$450
378K
Tarsus
$689
347K
Izmit
$652
376K
Sivas
$1003
365K
Adiyaman
$651
267K
Corlu
$694
294K