Cost of living in Panama City (Panama) is 75% cheaper than in Mashhad (Iran)
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WARNING! This comparison is based on only a few data points. At this point it is only a guess. It is based on 276 prices entered by 53 different people.
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Mashhad has artificial and unrealistic official exchange rates.
You can also get this comparison using the parallel street rate in Mashhad.
Full price comparison, by category
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Currency:
| Food | - 72% | |||
|---|---|---|---|---|
| Food in Panama City (Panama) is 72% cheaper than in Mashhad (Iran) | ||||
| Update prices | Update prices | |||
| Panama City | Mashhad | Diff | ||
| Basic lunchtime menu (including a drink) in the business district | 14 B/. (﷼ 597,408) | ﷼ 2,393,100 | - 75% | |
| Combo meal in fast food restaurant (big mac meal or similar) | 7 B/. (﷼ 277,584) | ﷼ 2,231,420 | - 88% | |
| 500 gr (1 lb.) of boneless chicken breast | 3.30 B/. (﷼ 138,831) | ﷼ 490,253 | - 72% | |
| 1 liter (1 qt.) of whole fat milk | 1.74 B/. (﷼ 73,208) | ﷼ 196,737 | - 63% | |
| 12 eggs, large | 2.70 B/. (﷼ 113,555) | ﷼ 615,352 | - 82% | |
| 1 kg (2 lb.) of tomatoes | 2.56 B/. (﷼ 107,678) | ﷼ 200,000 | - 46% | |
| 500 gr (16 oz.) of local cheese | 6 B/. (﷼ 261,928) | ﷼ 766,050 | - 66% | |
| 1 kg (2 lb.) of apples | 2.46 B/. (﷼ 103,644) | ﷼ 241,816 | - 57% | |
| 1 kg (2 lb.) of potatoes | 2.36 B/. (﷼ 99,350) | ﷼ 247,873 | - 60% | |
| 0.5 l (16 oz) domestic beer in the supermarket | 1.07 B/. (﷼ 45,053) | - | - | |
| 1 bottle of red table wine, good quality | 10 B/. (﷼ 418,878) | - | - | |
| 2 liters of coca-cola | 2.55 B/. (﷼ 107,187) | ﷼ 342,176 | - 69% | |
| Bread for 2 people for 1 day | 1.71 B/. (﷼ 71,755) | ﷼ 100,000 | - 28% | |
| Housing | - 74% | |||
| Housing in Panama City (Panama) is 74% cheaper than in Mashhad (Iran) | ||||
| Update prices | Update prices | |||
| Panama City | Mashhad | Diff | ||
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in expensive area | 1,542 B/. (﷼ 64,871,307) | ﷼ 494,872,000 | - 87% | |
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in normal area | 913 B/. (﷼ 38,387,739) | ﷼ 149,513,000 | - 74% | |
| Utilities 1 month (heating, electricity, gas ...) for 2 people in 85m2 flat | 136 B/. (﷼ 5,704,940) | ﷼ 3,020,780 | + 89% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in expensive area | 897 B/. (﷼ 37,725,671) | ﷼ 18,651,400 | + 102% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in normal area | 587 B/. (﷼ 24,684,198) | ﷼ 39,769,700 | - 38% | |
| Utilities 1 month (heating, electricity, gas ...) for 1 person in 45 m2 (480 sqft) studio | 95 B/. (﷼ 4,002,202) | ﷼ 6,383,950 | - 37% | |
| Internet 8 mbps (1 month) | 40 B/. (﷼ 1,699,057) | ﷼ 6,000,000 | - 72% | |
| 40” flat screen tv | 333 B/. (﷼ 14,024,501) | ﷼ 41,200,700 | - 66% | |
| Microwave 800/900 watt (bosch, panasonic, lg, sharp, or equivalent brands) | 99 B/. (﷼ 4,184,192) | ﷼ 16,755,500 | - 75% | |
| Laundry detergent (3 l. ~ 100 oz.) | 16 B/. (﷼ 655,409) | ﷼ 502,200 | + 31% | |
| Hourly rate for cleaning help | 5.44 B/. (﷼ 228,900) | ﷼ 1,000,000 | - 77% | |
| Clothes | - 84% | |||
| Clothes in Panama City (Panama) is 84% cheaper than in Mashhad (Iran) | ||||
| Update prices | Update prices | |||
| Panama City | Mashhad | Diff | ||
| 1 pair of jeans (levis 501 or similar) | 55 B/. (﷼ 2,304,920) | ﷼ 7,618,570 | - 70% | |
| 1 summer dress in a high street store (zara, h&m or similar retailers) | 41 B/. (﷼ 1,717,842) | ﷼ 13,440,700 | - 87% | |
| 1 pair of sport shoes (nike, adidas, or equivalent brands) | 94 B/. (﷼ 3,960,588) | ﷼ 26,758,100 | - 85% | |
| 1 pair of men’s leather business shoes | 96 B/. (﷼ 4,044,679) | ﷼ 20,476,200 | - 80% | |
| Transportation | - 49% | |||
| Transportation in Panama City (Panama) is 49% cheaper than in Mashhad (Iran) | ||||
| Update prices | Update prices | |||
| Panama City | Mashhad | Diff | ||
| Volkswagen golf 1.4 tsi 150 cv (or equivalent), with no extras, new | 22,092 B/. (﷼ 929,198,881) | ﷼ 1,206,380,000 | - 23% | |
| 1 liter (1/4 gallon) of gas | 1.10 B/. (﷼ 46,265) | ﷼ 99,093 | - 53% | |
| Monthly ticket public transport | 29 B/. (﷼ 1,225,007) | ﷼ 3,000,000 | - 59% | |
| Taxi trip on a business day, basic tariff, 8 km. (5 miles) | 8 B/. (﷼ 329,281) | - | - | |
| Personal Care | - 24% | |||
| Personal Care in Panama City (Panama) is 24% cheaper than in Mashhad (Iran) | ||||
| Update prices | Update prices | |||
| Panama City | Mashhad | Diff | ||
| Cold medicine for 6 days (tylenol, frenadol, coldrex, or equivalent brands) | 8 B/. (﷼ 318,992) | ﷼ 189,584 | + 68% | |
| 1 box of antibiotics (12 doses) | 22 B/. (﷼ 920,980) | ﷼ 1,002,110 | - 8% | |
| Short visit to private doctor (15 minutes) | 52 B/. (﷼ 2,203,757) | ﷼ 4,000,000 | - 45% | |
| 1 box of 32 tampons (tampax, ob, ...) | 7 B/. (﷼ 310,009) | ﷼ 111,603 | + 178% | |
| Deodorant, roll-on (50ml ~ 1.5 oz.) | 5.13 B/. (﷼ 215,745) | ﷼ 175,545 | + 23% | |
| Hair shampoo 2-in-1 (400 ml ~ 12 oz.) | 7 B/. (﷼ 300,744) | ﷼ 909,009 | - 67% | |
| 4 rolls of toilet paper | 3.09 B/. (﷼ 129,863) | ﷼ 75,409 | + 72% | |
| Tube of toothpaste | 3.08 B/. (﷼ 129,688) | ﷼ 102,095 | + 27% | |
| Standard men's haircut in expat area of the city | 17 B/. (﷼ 717,910) | ﷼ 1,500,000 | - 52% | |
| Entertainment | - 87% | |||
| Entertainment in Panama City (Panama) is 87% cheaper than in Mashhad (Iran) | ||||
| Update prices | Update prices | |||
| Panama City | Mashhad | Diff | ||
| Basic dinner out for two in neighborhood pub | 35 B/. (﷼ 1,467,252) | ﷼ 49,248,500 | - 97% | |
| 2 tickets to the movies | 12 B/. (﷼ 499,699) | ﷼ 1,500,000 | - 67% | |
| 2 tickets to the theater (best available seats) | 45 B/. (﷼ 1,906,043) | - | - | |
| Dinner for two at an italian restaurant in the expat area including appetisers, main course, wine and dessert | 68 B/. (﷼ 2,878,177) | ﷼ 37,359,700 | - 92% | |
| 1 cocktail drink in downtown club | 10 B/. (﷼ 437,525) | - | - | |
| Cappuccino in expat area of the city | 5.62 B/. (﷼ 236,203) | ﷼ 1,854,380 | - 87% | |
| 1 beer in neighbourhood pub (500ml or 1pt.) | 4.30 B/. (﷼ 180,777) | - | - | |
| Ipad wi-fi 128gb | 680 B/. (﷼ 28,610,293) | ﷼ 36,220,000 | - 21% | |
| 1 min. of prepaid mobile tariff (no discounts or plans) | 0.32 B/. (﷼ 13,638) | ﷼ 7,000 | + 95% | |
| 1 month of gym membership in business district | 60 B/. (﷼ 2,502,686) | ﷼ 1,568,050 | + 60% | |
| 1 package of marlboro cigarettes | 5.96 B/. (﷼ 250,698) | ﷼ 131,347 | + 91% | |
 |
TOTAL | - 75% | ||
WARNING! This comparison is based on only a few data points. At this point it is only a guess. It is based on 276 prices entered by 53 different people.
These prices were last updated on October 10, 2024.
Exchange rate:
42060.043
IRR
/
PAB
*
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For example, to keep the same standard of living that would require ﷼ 1,500,000,000 in Mashhad you would need to make just about ﷼ 372,481,974 (8,856 B/.) in Panama City.
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