Published: Monday, 21th October 2024
The cost of living in Azerbaijan is 1.88 times less expensive as compared to Panama.
On this page, you will find side-by-side cost comparison between Azerbaijan and Panama. We have created 172 cost-of-living indicators. We average the prices of all those indicators and take a mathematically calculated approach to determine which country is more expensive to live in between Azerbaijan and Panama.
We always try to give you the latest data, but sometimes mistakes might occur. If you think some content on our site is not updated, please let us know by emailing us at: info.comparedoo@gmail.com
![]() Indicators ![]() | ![]() Azerbaijan ![]() | ![]() Panama ![]() |
---|---|---|
1 BHK Apartment in City Center ![]() | 500 AZN (294.10 USD) | 1,200 PAB (1,200 USD) |
2 BHK Apartment in City Center ![]() | 700 AZN (411.74 USD) | 2,000 PAB (2,000 USD) |
3 BHK Apartment in City Center ![]() | 1,000 AZN (588.20 USD) | 3,000 PAB (3,000 USD) |
1 BHK Apartment outside City Center ![]() | 350 AZN (205.87 USD) | 800 PAB (800 USD) |
2 BHK Apartment outside City Center ![]() | 550 AZN (323.51 USD) | 1,200 PAB (1,200 USD) |
3 BHK Apartment outside City Center ![]() | 800 AZN (470.56 USD) | 1,800 PAB (1,800 USD) |
Mortgage Rates Per Month ![]() | 5 % | 1.3 % |
Realtor Commission ![]() | 3 % | 5 % |
Property Taxes ![]() | 0.1 to 0.5 % | 0.6 to 1.0 % |
The average housing cost in Azerbaijan is 4.47 times less expensive than Panama.
![]() Indicators ![]() | ![]() Azerbaijan ![]() | ![]() Panama ![]() |
---|---|---|
Basic Home Furnishing ![]() | 2,000 AZN (1,176.40 USD) | 3,000 PAB (3,000 USD) |
Electricity Cost Per Month ![]() | 50 AZN (29.41 USD) | 150 PAB (150 USD) |
Heating Cost Per Month ![]() | 30 AZN (17.65 USD) | 100 PAB (100 USD) |
Cooling Cost Per Month ![]() | 40 AZN (23.53 USD) | 80 PAB (80 USD) |
Water Supply Cost Per Month ![]() | 10 AZN (5.88 USD) | 60 PAB (60 USD) |
If you lived in Azerbaijan, instead of Panama, you would have to pay 63.04% less for Utilities.
The basic home furnishing in Azerbaijan costs 2.55 times less compared to Panama.
![]() Indicators ![]() | ![]() Azerbaijan ![]() | ![]() Panama ![]() |
---|---|---|
Standard Wifi Cost Per Month ![]() | 20 AZN (11.76 USD) | 70 PAB (70 USD) |
Mobile Phone Basic Plan Cost Per Month ![]() | 15 AZN (8.82 USD) | 50 PAB (50 USD) |
Landline Basic Plan Cost Per Month ![]() | 5 AZN (2.94 USD) | 30 PAB (30 USD) |
Cable TV Basic Plan Cost Per Month ![]() | 10 AZN (5.88 USD) | 80 PAB (80 USD) |
The internet and communication costs 87.21% less in Azerbaijan compared to Panama.
![]() Indicators ![]() | ![]() Azerbaijan ![]() | ![]() Panama ![]() |
---|---|---|
Long Grain Rice (1 KG) ![]() | 2 AZN (1.18 USD) | 2 PAB (2 USD) |
Milk (1 Liter) ![]() | 1.50 AZN (0.88 USD) | 1.50 PAB (1.50 USD) |
Water (1 Liter) ![]() | 0.50 AZN (0.29 USD) | 0.50 PAB (0.50 USD) |
Bread (500 gm) ![]() | 0.50 AZN (0.29 USD) | 1 PAB (1 USD) |
Eggs (1 Dozen) ![]() | 1.50 AZN (0.88 USD) | 3 PAB (3 USD) |
Cheese (1 KG) ![]() | 6 AZN (3.53 USD) | 5 PAB (5 USD) |
Chicken Breast (1 KG) ![]() | 5 AZN (2.94 USD) | 7 PAB (7 USD) |
In Azerbaijan, the cost of 1 Liter Water and 1 Liter Milk is 1.70 times less expensive than the cost in Panama.
If you lived in Azerbaijan, instead of Panama, you would have to pay 50.00% less for Groceries.
![]() Indicators ![]() | ![]() Azerbaijan ![]() | ![]() Panama ![]() |
---|---|---|
Apples (1 KG) ![]() | 2 AZN (1.18 USD) | 3 PAB (3 USD) |
Bananas (1 KG) ![]() | 3 AZN (1.76 USD) | 1.50 PAB (1.50 USD) |
Oranges (1 KG) ![]() | 2.50 AZN (1.47 USD) | 2 PAB (2 USD) |
Tomatoes (1 KG) ![]() | 1.50 AZN (0.88 USD) | 2 PAB (2 USD) |
Potatoes (1 KG) ![]() | 1 AZN (0.59 USD) | 1 PAB (1 USD) |
Lemons (1 KG) ![]() | 3 AZN (1.76 USD) | 2.50 PAB (2.50 USD) |
Onions (1 KG) ![]() | 1 AZN (0.59 USD) | 1.50 PAB (1.50 USD) |
Lentils (1 KG) ![]() | 3 AZN (1.76 USD) | 2.50 PAB (2.50 USD) |
If you lived in Azerbaijan, instead of Panama, you would have to pay 1.60 times less for Fruits and Vegetables.
![]() Indicators ![]() | ![]() Azerbaijan ![]() | ![]() Panama ![]() |
---|---|---|
Meal at a Resonable Restaurant ![]() | 10 AZN (5.88 USD) | 12 PAB (12 USD) |
Three-Course Meal for Two ![]() | 50 AZN (29.41 USD) | 30 PAB (30 USD) |
Fast Food Combo Meal ![]() | 7 AZN (4.12 USD) | 6 PAB (6 USD) |
Normal Coffee ![]() | 3 AZN (1.76 USD) | 2.50 PAB (2.50 USD) |
Soft Drink ![]() | 1 AZN (0.59 USD) | 1.50 PAB (1.50 USD) |
Pizza for One ![]() | 12 AZN (7.06 USD) | 12 PAB (12 USD) |
Take-Out Delivery Meal ![]() | 15 AZN (8.82 USD) | 10 PAB (10 USD) |
Cigarette Pack of 20 ![]() | 2.50 AZN (1.47 USD) | 6 PAB (6 USD) |
Dining-Out costs 26.11% less in Azerbaijan compared to Panama.
![]() Indicators ![]() | ![]() Azerbaijan ![]() | ![]() Panama ![]() |
---|---|---|
Wine Mid-Range Bottle ![]() | 15 AZN (8.82 USD) | 15 PAB (15 USD) |
Glass of Wine ![]() | 5 AZN (2.94 USD) | 6 PAB (6 USD) |
Domestic Beer Half Liter ![]() | 1 AZN (0.59 USD) | 2.50 PAB (2.50 USD) |
Imported Beer Half Liter ![]() | 2 AZN (1.18 USD) | 4 PAB (4 USD) |
Domestic Alcohol 1 Liter ![]() | 10 AZN (5.88 USD) | 15 PAB (15 USD) |
Branded Alcohol 1 Liter ![]() | 20 AZN (11.76 USD) | 25 PAB (25 USD) |
If you lived in Azerbaijan, instead of Panama, you would have to pay 2.17 times less for usual hard drinks.
![]() Indicators ![]() | ![]() Azerbaijan ![]() | ![]() Panama ![]() |
---|---|---|
Monthly Public Transportation Pass ![]() | 20 AZN (11.76 USD) | 50 PAB (50 USD) |
Single Public Transportation Ticket ![]() | 0.30 AZN (0.18 USD) | 1.50 PAB (1.50 USD) |
Single Train Ticket ![]() | 20 AZN (11.76 USD) | Yet to Update () |
Domestic Airplane Ticket ![]() | 100 AZN (58.82 USD) | 100 PAB (100 USD) |
Taxi Start Fare ![]() | 1 AZN (0.59 USD) | 3 PAB (3 USD) |
Taxi Rate Per Kilometer ![]() | 0.70 AZN (0.41 USD) | 1.50 PAB (1.50 USD) |
Car Rental Per Day ![]() | 50 AZN (29.41 USD) | 30 PAB (30 USD) |
Parking Fees in City Center Per Hour ![]() | 2 AZN (1.18 USD) | 2 PAB (2 USD) |
Parking Fees outside City Center Per Hour ![]() | 1 AZN (0.59 USD) | 1 PAB (1 USD) |
If you lived in Azerbaijan, instead of Panama, you would have to pay 1.65 times less for transportation.
![]() Indicators ![]() | ![]() Azerbaijan ![]() | ![]() Panama ![]() |
---|---|---|
Reasonable Vehicle Purchase Cost ![]() | 20,000 AZN (11,764 USD) | 15,000 PAB (15,000 USD) |
Vehicle Registration Cost ![]() | 100 AZN (58.82 USD) | 80 PAB (80 USD) |
Driving License Fees ![]() | 150 AZN (88.23 USD) | 50 PAB (50 USD) |
Car Insurance Cost ![]() | 200 AZN (117.64 USD) | 400 PAB (400 USD) |
Car Maintenance Cost ![]() | 150 AZN (88.23 USD) | 150 PAB (150 USD) |
Car Loan Interest Rates ![]() | 10 % | 6 % |
Fuel Per Liter ![]() | 0.90 AZN (0.53 USD) | 1.20 PAB (1.20 USD) |
Fuel Per Gallon ![]() | 3.40 AZN (2 USD) | 4.50 PAB (4.50 USD) |
Average Toll Fees ![]() | 5 AZN 2.94 USD | 5 PAB 5 USD |
You would have to pay 1.29 times less for Vehicle purchase, daily operation and maintenance in Azerbaijan compared to that of Panama.
![]() Indicators ![]() | ![]() Azerbaijan ![]() | ![]() Panama ![]() |
---|---|---|
Doctor Visit ![]() | 20 AZN (11.76 USD) | 50 PAB (50 USD) |
Specialist Visit ![]() | 40 AZN (23.53 USD) | 100 PAB (100 USD) |
Dentist Visit ![]() | 30 AZN (17.65 USD) | 70 PAB (70 USD) |
Eye Exam ![]() | 25 AZN (14.70 USD) | 50 PAB (50 USD) |
Mental Health Counseling ![]() | 40 AZN (23.53 USD) | 100 PAB (100 USD) |
Preventive Health Screening ![]() | 25 AZN (14.70 USD) | 50 PAB (50 USD) |
Physical Therapy ![]() | 30 AZN (17.65 USD) | 75 PAB (75 USD) |
Emergency Room Visit ![]() | 50 AZN (29.41 USD) | 300 PAB (300 USD) |
Hospital Stay Per Night ![]() | 100 AZN (58.82 USD) | 150 PAB (150 USD) |
Vaccinations ![]() | 20 AZN (11.76 USD) | 30 PAB (30 USD) |
Prescription Medication ![]() | 10 AZN (5.88 USD) | 20 PAB (20 USD) |
Over the Counter Medication ![]() | 5 AZN (2.94 USD) | 10 PAB (10 USD) |
Health Insurance Premiums ![]() | 50 AZN (29.41 USD) | 150 PAB (150 USD) |
Health Insurance Deductibles ![]() | 100 AZN (58.82 USD) | 75 PAB (75 USD) |
If you lived in Azerbaijan, instead of Panama, you would have to pay 3.84 times less for Health and Medical Treatment.
![]() Indicators ![]() | ![]() Azerbaijan ![]() | ![]() Panama ![]() |
---|---|---|
Cosmetic Procedures ![]() | 300 AZN (176.46 USD) | 200 PAB (200 USD) |
Spa Treatment ![]() | 40 AZN (23.53 USD) | 75 PAB (75 USD) |
Manicure Pedicure Cost ![]() | 15 AZN (8.82 USD) | 30 PAB (30 USD) |
Optical Glasses Cost ![]() | 50 AZN (29.41 USD) | 80 PAB (80 USD) |
Contact Lenses Cost ![]() | 40 AZN (23.53 USD) | 40 PAB (40 USD) |
Haircuts ![]() | 10 AZN (5.88 USD) | 15 PAB (15 USD) |
Hair Coloring ![]() | 20 AZN (11.76 USD) | 40 PAB (40 USD) |
Shampoo Price ![]() | 5 AZN (2.94 USD) | 5 PAB (5 USD) |
Toothpaste Price ![]() | 2 AZN (1.18 USD) | 2 PAB (2 USD) |
If you lived in Azerbaijan, instead of Panama, you would have to pay 1.72 times less for Personal Care Items and Treatment.
![]() Indicators ![]() | ![]() Azerbaijan ![]() | ![]() Panama ![]() |
---|---|---|
Pair of Nike Running Shoes ![]() | 100 AZN (58.82 USD) | 80 PAB (80 USD) |
Men's Shirt ![]() | 40 AZN (23.53 USD) | 25 PAB (25 USD) |
Women's Dress ![]() | 80 AZN (47.06 USD) | 40 PAB (40 USD) |
Summer Dress ![]() | 40 AZN (23.53 USD) | 30 PAB (30 USD) |
Men's Suit ![]() | 150 AZN (88.23 USD) | 100 PAB (100 USD) |
Men's Jeans ![]() | 60 AZN (35.29 USD) | 40 PAB (40 USD) |
Women's Jeans ![]() | 50 AZN (29.41 USD) | 30 PAB (30 USD) |
Men's Formal Shoes ![]() | 100 AZN (58.82 USD) | 80 PAB (80 USD) |
Women's Formal Shoes ![]() | 90 AZN (52.94 USD) | 80 PAB (80 USD) |
Men's Casual Shoes ![]() | 70 AZN (41.17 USD) | 50 PAB (50 USD) |
Women's Casual Shoes ![]() | 60 AZN (35.29 USD) | 50 PAB (50 USD) |
Underwear For Men ![]() | 15 AZN (8.82 USD) | 8 PAB (8 USD) |
Underwear For Women ![]() | 20 AZN (11.76 USD) | 12 PAB (12 USD) |
Socks For Men ![]() | 5 AZN (2.94 USD) | 3 PAB (3 USD) |
Socks For Women ![]() | 5 AZN (2.94 USD) | 3 PAB (3 USD) |
Wintercoat for Adults ![]() | 150 AZN (88.23 USD) | 80 PAB (80 USD) |
Sportswear ![]() | 70 AZN (41.17 USD) | 40 PAB (40 USD) |
If you lived in Azerbaijan, instead of Panama, you would have to pay 1.16 times less for Clothing and Footwear for Adults.
![]() Indicators ![]() | ![]() Azerbaijan ![]() | ![]() Panama ![]() |
---|---|---|
Children's Jeans ![]() | 30 AZN (17.65 USD) | 20 PAB (20 USD) |
Children's Normal Sneakers ![]() | 50 AZN (29.41 USD) | 30 PAB (30 USD) |
Children's Winter Coat ![]() | 70 AZN (41.17 USD) | 40 PAB (40 USD) |
Daycare for Infant ![]() | 300 AZN (176.46 USD) | 200 PAB (200 USD) |
Daycare for Toddler ![]() | 250 AZN (147.05 USD) | 150 PAB (150 USD) |
Childcare for Sick Days ![]() | 50 AZN (29.41 USD) | 30 PAB (30 USD) |
Early Childhood Education Programs ![]() | 150 AZN (88.23 USD) | 150 PAB (150 USD) |
Extra Curricular Activities ![]() | 100 AZN (58.82 USD) | 100 PAB (100 USD) |
Summer Camp for Kids ![]() | 200 AZN (117.64 USD) | 150 PAB (150 USD) |
If you lived in Azerbaijan, instead of Panama, you would have to pay 1.23 times less for Childcare and kids clothing.
![]() Indicators ![]() | ![]() Azerbaijan ![]() | ![]() Panama ![]() |
---|---|---|
PreSchool Fees ![]() | 200 AZN (117.64 USD) | 250 PAB (250 USD) |
Primary School Fees ![]() | 150 AZN (88.23 USD) | 400 PAB (400 USD) |
Secondary School Fees ![]() | 200 AZN (117.64 USD) | 600 PAB (600 USD) |
Private School Fees ![]() | 500 AZN (294.10 USD) | 1,000 PAB (1,000 USD) |
University Tuition Fees ![]() | 3,000 AZN (1,764.60 USD) | 2,500 PAB (2,500 USD) |
University Private Tuition Fees ![]() | 5,000 AZN (2,941 USD) | 3,500 PAB (3,500 USD) |
After School Activities ![]() | 100 AZN (58.82 USD) | 75 PAB (75 USD) |
Special Education Services ![]() | 300 AZN (176.46 USD) | 200 PAB (200 USD) |
Tutoring ![]() | 20 AZN (11.76 USD) | 30 PAB (30 USD) |
Textbooks Cost ![]() | 50 AZN (29.41 USD) | 50 PAB (50 USD) |
School Supplies ![]() | 30 AZN (17.65 USD) | 30 PAB (30 USD) |
If you lived in Azerbaijan, instead of Panama, you would have to pay 1.54 times less for school and education.
![]() Indicators ![]() | ![]() Azerbaijan ![]() | ![]() Panama ![]() |
---|---|---|
Movie Ticket (Single) ![]() | 10 AZN (5.88 USD) | 8 PAB (8 USD) |
Theater Ticket (Single) ![]() | 20 AZN (11.76 USD) | 15 PAB (15 USD) |
Concert Ticket (Single) ![]() | 30 AZN (17.65 USD) | 25 PAB (25 USD) |
Sports Event Ticket (Single) ![]() | 25 AZN (14.70 USD) | 15 PAB (15 USD) |
Gym Membership ![]() | 50 AZN (29.41 USD) | 40 PAB (40 USD) |
Swimming Pool Access ![]() | 15 AZN (8.82 USD) | 25 PAB (25 USD) |
Museum Entry Ticket ![]() | 5 AZN (2.94 USD) | 8 PAB (8 USD) |
Zoo Entry Ticket ![]() | 5 AZN (2.94 USD) | 12 PAB (12 USD) |
Amusement Park Entry Ticket ![]() | 20 AZN (11.76 USD) | 20 PAB (20 USD) |
Bowling ![]() | 10 AZN (5.88 USD) | 15 PAB (15 USD) |
Mini Golf ![]() | 15 AZN (8.82 USD) | 12 PAB (12 USD) |
Video Games ![]() | 60 AZN (35.29 USD) | 40 PAB (40 USD) |
Streaming Services ![]() | 10 AZN (5.88 USD) | 12 PAB (12 USD) |
Outdoor Equipment Rental ![]() | 30 AZN (17.65 USD) | 15 PAB (15 USD) |
Theme Park Annual Pass ![]() | 100 AZN (58.82 USD) | 500 PAB (500 USD) |
If you lived in Azerbaijan, instead of Panama, you would have to pay 3.20 times less for entertainment, recreation and fun activities.
![]() Indicators ![]() | ![]() Azerbaijan ![]() | ![]() Panama ![]() |
---|---|---|
Language Classes ![]() | 100 AZN (58.82 USD) | 150 PAB (150 USD) |
Parenting Classes ![]() | 20 AZN (11.76 USD) | 150 PAB (150 USD) |
Art Classes ![]() | 20 AZN (11.76 USD) | 25 PAB (25 USD) |
Fitness Classes ![]() | 20 AZN (11.76 USD) | 25 PAB (25 USD) |
Music Lessons ![]() | 30 AZN (17.65 USD) | 30 PAB (30 USD) |
Dance Lessons ![]() | 25 AZN (14.70 USD) | 30 PAB (30 USD) |
Reading Materials for Classes ![]() | 10 AZN (5.88 USD) | 8 PAB (8 USD) |
Educational Software ![]() | 50 AZN (29.41 USD) | 150 PAB (150 USD) |
If you lived in Azerbaijan, instead of Panama, you would have to pay 3.51 times less for Private Classes.
![]() Indicators ![]() | ![]() Azerbaijan ![]() | ![]() Panama ![]() |
---|---|---|
Average Gross Monthly Salary ![]() | 800 AZN (470.56 USD) | 1,500 PAB (1,500 USD) |
Average Net Monthly Salary ![]() | 600 AZN (352.92 USD) | 1,200 PAB (1,200 USD) |
Minimum Wages ![]() | 10 AZN per hour (5.88 USD) | 20 PAB per hour (20 USD) |
Average Bonus ![]() | 50 AZN (29.41 USD) | 150 PAB (150 USD) |
Income Tax Rate ![]() | 0 to 18 % | 0 to 7 % |
Social Security Contributions ![]() | 3 % | 9 % |
Pension Contributions ![]() | 3 % | 10 % |
Cost of Living Index ![]() | 30 | 50 |
Median Household Income ![]() | 700 AZN (411.74 USD) | 1,200 PAB (1,200 USD) |
If you lived in Azerbaijan, you would earn 3.20 times less salary as compared to Panama.
![]() Indicators ![]() | ![]() Azerbaijan ![]() | ![]() Panama ![]() |
---|---|---|
Legal Consultation Per Hour Rate ![]() | 100 AZN (58.82 USD) | 100 PAB (100 USD) |
Accounting Services Per Hour Rate ![]() | 50 AZN (29.41 USD) | 80 PAB (80 USD) |
IT Support Services Per Hour Rate ![]() | 40 AZN (23.53 USD) | 80 PAB (80 USD) |
Technician Services Per Hour Rate ![]() | 30 AZN (17.65 USD) | 60 PAB (60 USD) |
Professional Services cost 2.47 times less in Azerbaijan, as compared to Panama.
We hope you enjoyed the detailed guide on the cost of living comparsion between Azerbaijan and Panama.
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