Panama vs Turkmenistan - Cost of Living Comparison

Updated:

Livingcost

Panama Turkmenistan
🚶 Cost of living one person
$1456
$1861
👨‍👩‍👧‍👦 Cost of living Family
$3291
$4256
🏠 One person rent
$836
$968
🏘️ Family rent
$1343
$1661
🍽️ Food expenses
$436
$753
🚐 Transport expenses
$84.4
$41.2
💳 Monthly salary after tax
$921
$210
💸 GDP per capita
$19161
$6857
😃 Human freedom index
7.92
4.1
❤️ Life expectancy
79.6
70.1
👮 Corruption perceptions index
33
17
🌐 English speaking %
14%
2.9%
🎓 Higher education
44
1
😀 Quality of life
62
26
🏙️ Population
4.52M
7.49M

The average cost of living in Panama ($1456) is 22% less expensive than in Turkmenistan ($1861). Panama ranked 41st vs 22nd for Turkmenistan in the list of the most expensive countries in the world.

The average after-tax salary is enough to cover living expenses for 0.6 months in Panama compared to 0.1 months in Turkmenistan. Ranked 67th and 161st best countries to live in the world.

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the estimated difference in money purchasing power

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Prices in Panama vs Turkmenistan

We calculate prices for Panama and Turkmenistan as a population-weighted mean of 10 and 6 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 Turkmenistan
Eating Out
🍱 Lunch Menu
$9.21
$27.3
🥂 Dinner in a Restaurant, for 2
$44.5
$84.9
🥪 Fast food meal, equiv. McDonald's
$7.92
$12
🍻 Beer in a Pub, 0.5 L or 16 fl oz
$2.88
$7.22
 Cappuccino
$4.2
$7.14
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz
$1.81
$1.58
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2
$907
$1012
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2
$643
$761
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2
$1639
$2039
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2
$1054
$1819
🔌 Utility Bill one person, electricity, heating, water, etc.
$91
$48.9
🔌 Utility Bill for a Family, electricity, heating, water, etc.
$141
$75.2
🌐 Internet plan, 50 Mbps+ 1 month unlimited
$45
$103
🏦 Mortgage Interest Rate for 20 Years
6.31%
9.54%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2
$3024
$3531
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2
$1699
$2848
Transportation
🚌 Local transport ticket
$0.39
$0.14
🎟️ Monthly ticket local transport
$26.1
$9.72
🚕 Taxi Ride, 8 km or 5 mi
$15.8
$9.72
 Gas / Petrol, 1 L or 0.26 gal
$1.02
$0.43
Groceries
🥛 Milk, 1 L or 1 qt
$1.82
$4.21
🍞 Bread, 0.5 kg or 1.1 lb
$2.22
$2.03
🍚 Rice, 1 kg or 2.2 lb
$2.43
$5.84
🥚 Eggs, x12
$3.03
$6.16
🧀 Cheese, 1 kg or 2.2 lb
$11.8
$9.27
🐔 Chicken Breast, 1 kg or 2.2 lb
$6.77
$20
🥩 Round Steak, 1 kg or 2.2 lb
$10.6
$23.1
🍏 Apples, 1 kg or 2.2 lb
$3.61
$4.55
🍌 Banana, 1 kg or 2.2 lb
$1.54
$1.39
🍊 Oranges, 1 kg or 2.2 lb
$3.69
$7.47
🍅 Tomato, 1 kg or 2.2 lb
$3.4
$3.23
🥔 Potato, 1 kg or 2.2 lb
$2.68
$2.22
🧅 Onion, 1 kg or 2.2 lb
$3.13
$1.46
🌊 Water, 1 L or 1 qt
$1.24
$0.74
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz
$2.35
$1.09
🍾 Wine (mid-priced), 750 mL bottle
$11.5
$19.1
🍺 Beer, 0.5 L or 16 fl oz
$1.31
$5.2
🚬 Cigarette pack
$5.97
$24
💊 Cold medicince, 1 week
$9.72
$4.92
🧴 Hair Shampoo
$7.05
$4.85
🧻 Toilet paper, 4 rolls
$2.8
$3.02
👄 Toothpaste, 1 tube
$2.76
$2.81
Other
🏋️ Gym Membership, 1 month
$38.6
$40.6
🎫 Cinema Ticket, 1 person
$7.37
$12.2
👩‍⚕️ Doctor's visit
$41.6
$31.1
💇 Haircut, simple
$12.9
$6.37
👖 Brand Jeans
$56.9
$55.8
👟 Brand Sneakers
$87.8
$93.3
👶 Daycare or Preschool, 1 month
$503
$22.8
🏫 International Primary School, 1 year
$10794
$24712

Cost of living in other countries

Cost of living

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Cost of Living in Popular cities

In Panama

City Cost of living Population
Panama City
$1590
1.54M
Colon
$1185
242K
Tocumen
$1373
103K
Santiago de Veraguas
$1112
110K
La Chorrera
$982
68.9K
David
$909
82.9K
Pacora
$1361
52.5K
Penonome
$1147
21.7K
Balboa
$1396
10K
Chitre
$1144
9.02K

In Turkmenistan

City Cost of living Population
Ashgabat
$1898
1.03M
Turkmenabat
$1795
231K
Dasoguz
$1840
227K
Mary
$1726
126K
Anau
$1846
29.6K
Baherden
$1864
24.7K