Cost of living comparison

Panama

compared to

Turkey

Ankara vs. Panama City Cost of Living Summary

Ankara is 23.7% cheaper than Panama City.

Restaurants: pay 7.8% less in Ankara
Groceries: pay 52.1% less in Ankara
Transportation: pay 9.3% more in Ankara
Housing: pay 37.7% less in Ankara
Childcare: pay 98.8% more in Ankara
Entertainment and Sports: pay 9.0% more in Ankara
Clothing: pay 6.5% less in Ankara

The cost of childcare, transportation, and entertainment and sports in Ankara are more expensive than in Panama City. Expenses including groceries, housing, restaurants, and clothing are lower in Ankara. Notably, childcare is significantly more expensive in Ankara.

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Ankara vs. Panama City Cost Breakdown

If you lived in Ankara instead of Panama City, you would:

Display currency: USD

pay 7.8% less for restaurants

	Panama City	Ankara
Basic meal with drink at inexpensive restaurant	$11.50 PAB11.50	$10.16 TRY503.16	-11.6%
Fast food combo meal McDonalds, or similar	$8.00 PAB8.00	$9.65 TRY478.00	+20.7%
Bottle of Coca-Cola (11 fl. oz)	$1.97 PAB1.97	$1.72 TRY84.98	-12.9%
Bottle of water (11 fl. oz)	$1.60 PAB1.60	$0.74 TRY36.56	-53.9%
Average			-7.8%

Panama City vs. Ankara - Cost of restaurants

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pay 52.1% less for groceries

	Panama City	Ankara
Bread 1 loaf	$2.52 PAB2.52	$0.98 TRY48.46	-61.1%
Local cheese (8 oz)	$6.18 PAB6.18	$5.14 TRY254.34	-16.9%
Milk (1 gallon)	$7.09 PAB7.09	$4.51 TRY223.24	-36.4%
Eggs 1 dozen	$2.75 PAB2.75	$2.70 TRY133.60	-1.8%
Boneless chicken breast (1 lb)	$3.07 PAB3.07	$2.48 TRY122.71	-19.2%
Apples (1 lb)	$1.87 PAB1.87	$0.89 TRY44.08	-52.4%
Bananas (1 lb)	$0.82 PAB0.82	$1.01 TRY49.94	+22.4%
Oranges (1 lb)	$1.92 PAB1.92	$0.59 TRY29.44	-69.0%
Tomatoes (1 lb)	$1.86 PAB1.86	$0.78 TRY38.43	-58.2%
Potatoes (1 lb)	$1.55 PAB1.55	$0.29 TRY14.49	-81.1%
Onions (1 lb)	$1.96 PAB1.96	$0.26 TRY12.66	-86.9%
Average			-52.1%

Panama City vs. Ankara - Cost of groceries

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pay 9.3% more for transportation

	Panama City	Ankara
Gasoline (1 gallon)	$4.62 PAB4.62	$5.38 TRY266.59	+16.5%
Monthly public transit pass	$21.00 PAB21.00	$12.19 TRY603.79	-41.9%
New Volkswagen Golf 1.4 (standard edition)	$21,262.00 PAB21,262.00	$48,777.71 TRY2M	+129.4%
Taxi trip in downtown area (5 miles)	$16.98 PAB16.98	$7.82 TRY387.43	-53.9%
Average			+9.3%

Panama City vs. Ankara - Cost of transportation

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pay 37.7% less for housing

	Panama City	Ankara
Internet connection 50 mbps or faster, cable/dsl	$48.70 PAB48.70	$17.61 TRY871.98	-63.8%
1-Bedroom apartment in downtown area	$1,262.50 PAB1,262.50	$760.78 TRY37,669.21	-39.7%
1-Bedroom apartment outside city center	$874.18 PAB874.18	$572.06 TRY28,324.97	-34.6%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$100.29 PAB100.29	$72.14 TRY3,572.03	-28.1%
Average			-37.7%

Panama City vs. Ankara - Cost of housing

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pay 98.8% more for childcare

	Panama City	Ankara
Private preschool for 1 child, monthly	$543.33 PAB543.33	$1,048.06 TRY51,893.40	+92.9%
Middle school for 1 child, two semesters	$9,641.50 PAB9,641.50	$19,763.76 TRY979K	+105.0%
Average			+98.8%

Panama City vs. Ankara - Cost of childcare

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pay 9.0% more for entertainment and sports

	Panama City	Ankara
Domestic/local beer (1 pint)	$3.30 PAB3.30	$5.08 TRY251.58	+54.0%
Cappuccino in mid-range area	$4.11 PAB4.11	$4.09 TRY202.61	-0.4%
Pack of cigarettes Marlboro or similar	$6.00 PAB6.00	$2.24 TRY110.70	-62.7%
Monthly membership at local gym	$46.40 PAB46.40	$72.15 TRY3,572.44	+55.5%
Movie ticket to theater/cinema	$8.50 PAB8.50	$8.13 TRY402.53	-4.4%
Average			+9.0%

Panama City vs. Ankara - Cost of entertainment and sports

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pay 6.5% less for clothing

	Panama City	Ankara
Regular jeans Levi's brand	$66.67 PAB66.67	$53.73 TRY2,660.46	-19.4%
Regular dress from H&M or similar store	$48.43 PAB48.43	$48.06 TRY2,379.65	-0.8%
Running shoes Nike or Adidas	$94.62 PAB94.62	$105.21 TRY5,209.19	+11.2%
Men's business shoes (leather)	$111.67 PAB111.67	$95.84 TRY4,745.43	-14.2%
Average			-6.5%

Panama City vs. Ankara - Cost of clothing

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We average the price of thousands of data points entered by users across the world. Sources: MyLifeElsewhere's cost-of-living dataset (prices updated October 2026). How we calculate this

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