Moving to Panama from Turkey

moving to

What to Expect

Considering a move from Turkey to Panama? Here's how the two compare on cost, climate, safety, and more.

If you moved from Turkey to Panama, you would find that Panama is 38.7% more expensive than Turkey overall. A TRY3,700,000 salary in Turkey would need to be roughly PAB104,000 in Panama to maintain the same lifestyle, and you’d need to navigate life in Spanish. Expect a noticeable climate shift — Panama City averages 93°F vs 64°F in Ankara, making it significantly warmer.

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How Far Will Your Money Go?

A breakdown of how everyday costs differ between Turkey and Panama.

What does your salary buy?

TRY3,700,000 → PAB104,000

To maintain the same standard of living in Panama

Calculate with your salary →

How key spending categories compare

Restaurants

pay 18.1% more

Groceries

pay 2.2 times more

Transportation

pay 21.9% less

Housing

pay 80.6% more

Childcare

pay 31.0% less

Entertainment and Sports

pay 4.3% more

See full cost of living breakdown
Exchange rate: 1 TRY = 0.0203 PAB (October 2026)

Data: MyLifeElsewhere's crowdsourced cost of living database, with prices submitted and updated by users worldwide. Exchange rates are refreshed regularly from public sources.

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Who Else Is Making This Move?

What the data shows about people moving from Turkey to Panama.

Living there in 2020
134 ↑ 20% vs 2015

people born in Turkey live in Panama · UN DESA

Who's moving to Panama?

Top countries of origin for Panama's foreign-born residents.

Foreign-born population · UN DESA (2020)

Key Indicator Comparison

The numbers behind daily life in Panama compared to Turkey.

Is it safe?

Homicide rate World Bank, 2023

per 100,000 people per year

TR
3.2
PA
11.7
Feel safe walking at night United Nations SDG Indicators, 2022

of residents who feel safe walking alone at night

TR
61%
PA
33%

Turkey performs better than Panama across all safety metrics.

How's the healthcare?

Healthcare spending per person World Bank, 2023

annual government + private spending per person

TR
$1,769
PA
$3,318
Doctors per 10,000 people World Bank, 2022

affects wait times and access to care

TR
22.4
PA
16.2

Turkey generally does better on health & wellbeing, though Panama leads in health coverage index.

What about the environment?

Air pollution deaths United Nations SDG Indicators, 2019

deaths attributable to air pollution per 100k people

TR
39.0
PA
17.0
CO₂ emissions per capita World Bank, 2024

tonnes of CO₂ emitted per person per year

TR
5.4t
PA
2.7t

Panama performs significantly better than Turkey across all environment metrics.

Will I have good infrastructure?

Broadband per 100 people World Bank, 2024

fixed broadband subscriptions — key for remote work

TR
23.4
PA
18.1
Water stress level World Bank, 2022

higher means greater strain on freshwater supply

TR
47.9%
PA
0.9%

Turkey generally does better on infrastructure, though Panama leads in water stress level.

What are the job prospects?

Unemployment rate World Bank, 2025

percentage of the labour force without work

TR
8.5%
PA
8.4%
GDP per capita World Bank, 2025

a broad measure of economic output per person

TR
$18,599
PA
$19,790

Panama generally does better on employment & economy, though Turkey leads in poverty rate.

Is it good for families?

Life expectancy World Bank, 2024

average years of life at birth

TR
77.4 yrs
PA
79.8 yrs
Infant mortality World Bank, 2024

deaths per 1,000 live births — lower is better

TR
8.0
PA
12.0

Turkey generally does better on family life, though Panama leads in life expectancy.

Sources: World Bank (2021–2025), United Nations SDG Indicators (2016–2022), World Health Organization (2024), Revenue Administration, Government of Turkey (2016), General Directorate of Revenues, Panama (2016). How we calculate this

What's the Climate Like?

Monthly averages — select a city to compare.

Ankara Rain: 15.0 in/yr (382 mm)
64° / 43°F

Avg. annual high / low

Panama City Rain: 75.1 in/yr (1907 mm)
93° / 68°F

Avg. annual high / low

Months Ankara Panama City
Jan–Mar 45°/28°F (7°/-2°C) 94°/65°F (34°/18°C)
Apr–Jun 72°/48°F (22°/9°C) 94°/69°F (35°/21°C)
Jul–Sep 83°/57°F (29°/14°C) 92°/70°F (34°/21°C)
Oct–Dec 55°/37°F (13°/3°C) 91°/68°F (33°/20°C)
View all months
Month Ankara Panama City
Jan 39°/26°F (4.1°/-3.5°C) 92°/65°F (33.4°/18.5°C)
Feb 43°/27°F (5.9°/-2.8°C) 94°/65°F (34.2°/18.4°C)
Mar 52°/32°F (11.1°/0.2°C) 95°/65°F (34.8°/18.4°C)
Apr 63°/41°F (17.3°/5.1°C) 96°/67°F (35.4°/19.5°C)
May 72°/49°F (22.2°/9.4°C) 94°/70°F (34.5°/21.1°C)
Jun 80°/55°F (26.4°/12.6°C) 93°/70°F (33.8°/21.3°C)
Jul 86°/60°F (29.9°/15.4°C) 93°/70°F (33.9°/21.0°C)
Aug 86°/60°F (30.0°/15.4°C) 93°/70°F (33.9°/20.9°C)
Sep 78°/52°F (25.8°/11.3°C) 91°/70°F (32.9°/21.0°C)
Oct 68°/44°F (20.0°/6.8°C) 91°/69°F (32.6°/20.8°C)
Nov 55°/36°F (12.9°/2.4°C) 91°/69°F (32.9°/20.3°C)
Dec 43°/30°F (6.3°/-0.9°C) 92°/67°F (33.3°/19.2°C)

Data: Turkish State Meteorological Service Turkish State Meteorological Service, IMHPA - Instituto de Meteorología e Hidrología de Panamá IMHPA - Instituto de Meteorología e Hidrología de Panamá

Visitor Visa Requirements

Short-stay tourist visa rules between Turkey and Panama. To live, work, or study long-term in Panama, you'll need a separate residence or work visa — check Panama's immigration authority.

Turkey passport

Turkey passport holder visiting Panama

Visa Free
Turkey passport holders can enter Panama without a visa.
Panama passport

Panama passport holder visiting Turkey

Visa Free
Panama passport holders can enter Turkey without a visa.

Data: Henley Passport Index. Check with the destination country's embassy for the most current requirements.

Frequently Asked Questions

Is it cheaper to live in Panama than Turkey?

On average Panama is around 39% pricier than Turkey, with notable variation by city.

How much money do I need to move to Panama?

Budget about PAB26,000 for 3 months in Panama (based on a TRY3,700,000 comparable annual salary), then add the one-off costs: flights, shipping, a rental deposit, and visa fees.

Can I work remotely from Panama?

Connectivity is usually fine (Panama: 18.1 fixed broadband per 100). What actually decides it is legal: does Panama offer a digital nomad visa, will your employer permit overseas work, and where are you tax-resident?

Is Panama safe for expats?

Turkey performs better than Panama across all safety metrics. The homicide rate in Panama is 11.7 per 100,000 people, compared to 3.2 in Turkey. About 33% of people in Panama feel safe walking alone at night.

How is healthcare in Panama compared to Turkey?

Turkey generally does better on health & wellbeing, though Panama leads in health coverage index. There are 16.2 doctors per 10,000 people in Panama, compared to 22.4 in Turkey. Panama scores 78 on the WHO universal health coverage index (Turkey: 76).

What's the weather like in Panama compared to Turkey?

The average high temperature in Panama City is 93°F, compared to 64°F in Ankara. Panama City receives around 75.1 in of rainfall per year, while Ankara gets 15.0 in.

What language do they speak in Panama?

The official language in Panama is Spanish. In Turkey, the official language is Turkish.

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At a Glance

TR PA
Population 85,878,556 4,571,189
Currency Turkish Lira (TRY) Panamanian Balboa (PAB)
Languages Turkish Spanish
Driving side Right Right
Calling code +90 +507
Time zones 1 1
Emergency number 112 911