Cost of living
Turkey compared to Panama
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Overview comparison
TurkeyPanama
Consumer prices in Panama are roughly 28% higher than in Turkey.
Cost of living
| Item | Turkey | Panama |
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| Total with rent one person | 651 | 1,201 |
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| Total with rent family | 1,741 | 2,678 |
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| Without rent one person | 328 | 562 |
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| Without rent one family | 1,174 | 1,566 |
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| Rent & Utilities person | 323.65 | 669.36 |
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| Rent & Utilities family | 562.96 | 1,309.05 |
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| Food person | 278 | 377 |
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| Food family | 604 | 1,074 |
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| Transport person | 73.1 | 58.98 |
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| Transport family | 164.85 | 192.18 |
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| Life expectancy | 59.51 years | 81.24 years |
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Eating Out
| Item | Turkey | Panama |
|---|
| Lunch Menu | 6.63 | 10.31 |
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| Dinner in a Restaurant, for 2 | 23.97 | 59.15 |
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| Fast food meal, equiv. McDonald's | 7.63 | 7.85 |
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| Beer in a Pub, 0.5 L or 16 fl oz | 2.43 | 2.7 |
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| Cappuccino | 2.94 | 3.26 |
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| Pepsi / Coke, 0.5 L or 16.9 fl oz | 1.25 | 2.23 |
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Rent & Utilities
| Item | Turkey | Panama |
|---|
| 1 bedroom apartment in city Center, 40 m2 or 430 ft2 | 447.2 | 650.8 |
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| Cheap 1 bedroom apartment, 40 m2 or 430 ft2 | 330.09 | 456.58 |
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| 3 bedroom apartment in city Center, 80 m2 or 860 ft2 | 716.27 | 1,210.08 |
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| Cheap 3 bedroom apartment, 80 m2 or 860 ft2 | 623.56 | 817.44 |
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| Utility Bill one person, electricity, heating, water, etc. | 38.12 | 75.55 |
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| Utility Bill for a Family, electricity, heating, water, etc. | 60.47 | 130.39 |
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| Internet plan, 25 Mbps+ 1 month unlimited | 10.05 | 50.51 |
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Transportation
| Item | Turkey | Panama |
|---|
| Local transport ticket | 30.43 | 7.31 |
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| Monthly ticket local transport | 1,432 | 2,544 |
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| Taxi Ride, 8 km or 5 mi | 1,122 | 1,344 |
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| Gas / Petrol, 1 L or 0.26 gal | 0.6 | 0.42 |
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| Mortgage Interest Rate for 20 Years | 20.65% | 33.76% |
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| Apartment price to Buy in city Center, 1 m2 or 10 ft2 | 6.88 | 12.21 |
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| House price to Buy in Suburbs, 1 m2 or 10 ft2 | 1.03 | 1.2 |
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Groceries
| Item | Turkey | Panama |
|---|
| Milk, 1 L or 1 qt | 1 | 1.52 |
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| Bread, 0.5 kg or 1.1 lb | 0.93 | 2.16 |
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| Eggs, x12 | 1.74 | 2.26 |
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| Cheese, 1 kg or 2.2 lb | 9.97 | 10.81 |
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| Chicken Breast, 1 kg or 2.2 lb | 6.55 | 7.83 |
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| Round Steak, 1 kg or 2.2 lb | 20.84 | 8.5 |
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| Banana, 1 kg or 2.2 lb | 1.99 | 1.73 |
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| Water, 1 L or 1 qt | 0.2 | 0.98 |
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Other
| Item | Turkey | Panama |
|---|
| Gym Membership, 1 month | 38.52 | 34.98 |
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| Cinema Ticket, 1 person | 5.72 | 6.51 |
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| Doctors visit | 43.49 | 54.26 |
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| Haircut, simple | 5.87 | 11.87 |
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| Brand Jeans | 36.33 | 45.6 |
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| Brand Sneakers | 92.67 | 95.92 |
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| Daycare or Preschool, 1 month | 397.2 | 438.62 |
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| International Primary School, 1 year | 9,257 | 11,151 |
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