Published: Monday, 21th October 2024
The cost of living in Iran is 2.45 times less expensive as compared to Panama.
On this page, you will find side-by-side cost comparison between Iran 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 Iran 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  | Iran  | Panama  |
|---|---|---|
1 BHK Apartment in City Center  | 12,000,000 IRR (276 USD) | 1,200 PAB (1,200 USD) |
2 BHK Apartment in City Center  | 20,000,000 IRR (460 USD) | 2,000 PAB (2,000 USD) |
3 BHK Apartment in City Center  | 30,000,000 IRR (690 USD) | 3,000 PAB (3,000 USD) |
1 BHK Apartment outside City Center  | 7,000,000 IRR (161 USD) | 800 PAB (800 USD) |
2 BHK Apartment outside City Center  | 12,000,000 IRR (276 USD) | 1,200 PAB (1,200 USD) |
3 BHK Apartment outside City Center  | 18,000,000 IRR (414 USD) | 1,800 PAB (1,800 USD) |
Mortgage Rates Per Month  | 18 % | 1.3 % |
Realtor Commission  | 1 % | 5 % |
Property Taxes  | Yet to Update | 0.6 to 1.0 % |
The average housing cost in Iran is 4.40 times less expensive than Panama.
Indicators | Iran | Panama |
|---|---|---|
Basic Home Furnishing  | 40,000,000 IRR (920 USD) | 3,000 PAB (3,000 USD) |
Electricity Cost Per Month  | 1,500,000 IRR (34.50 USD) | 150 PAB (150 USD) |
Heating Cost Per Month  | 1,200,000 IRR (27.60 USD) | 100 PAB (100 USD) |
Cooling Cost Per Month  | 1,000,000 IRR (23 USD) | 80 PAB (80 USD) |
Water Supply Cost Per Month  | 500,000 IRR (11.50 USD) | 60 PAB (60 USD) |
If you lived in Iran, instead of Panama, you would have to pay 70.01% less for Utilities.
The basic home furnishing in Iran costs 3.26 times less compared to Panama.
Indicators | Iran | Panama |
|---|---|---|
Standard Wifi Cost Per Month  | 500,000 IRR (11.50 USD) | 70 PAB (70 USD) |
Mobile Phone Basic Plan Cost Per Month  | 600,000 IRR (13.80 USD) | 50 PAB (50 USD) |
Landline Basic Plan Cost Per Month  | 300,000 IRR (6.90 USD) | 30 PAB (30 USD) |
Cable TV Basic Plan Cost Per Month  | 1,000,000 IRR (23 USD) | 80 PAB (80 USD) |
The internet and communication costs 76.00% less in Iran compared to Panama.
Indicators | Iran | Panama |
|---|---|---|
Long Grain Rice (1 KG)  | 70,000 IRR (1.61 USD) | 2 PAB (2 USD) |
Milk (1 Liter)  | 40,000 IRR (0.92 USD) | 1.50 PAB (1.50 USD) |
Water (1 Liter)  | 15,000 IRR (0.34 USD) | 0.50 PAB (0.50 USD) |
Bread (500 gm)  | 20,000 IRR (0.46 USD) | 1 PAB (1 USD) |
Eggs (1 Dozen)  | 50,000 IRR (1.15 USD) | 3 PAB (3 USD) |
Cheese (1 KG)  | 120,000 IRR (2.76 USD) | 5 PAB (5 USD) |
Chicken Breast (1 KG)  | 90,000 IRR (2.07 USD) | 7 PAB (7 USD) |
In Iran, the cost of 1 Liter Water and 1 Liter Milk is 1.58 times less expensive than the cost in Panama.
If you lived in Iran, instead of Panama, you would have to pay 53.42% less for Groceries.
Indicators | Iran | Panama |
|---|---|---|
Apples (1 KG)  | 60,000 IRR (1.38 USD) | 3 PAB (3 USD) |
Bananas (1 KG)  | 50,000 IRR (1.15 USD) | 1.50 PAB (1.50 USD) |
Oranges (1 KG)  | 70,000 IRR (1.61 USD) | 2 PAB (2 USD) |
Tomatoes (1 KG)  | 30,000 IRR (0.69 USD) | 2 PAB (2 USD) |
Potatoes (1 KG)  | 20,000 IRR (0.46 USD) | 1 PAB (1 USD) |
Lemons (1 KG)  | 80,000 IRR (1.84 USD) | 2.50 PAB (2.50 USD) |
Onions (1 KG)  | 30,000 IRR (0.69 USD) | 1.50 PAB (1.50 USD) |
Lentils (1 KG)  | 60,000 IRR (1.38 USD) | 2.50 PAB (2.50 USD) |
If you lived in Iran, instead of Panama, you would have to pay 1.74 times less for Fruits and Vegetables.
Indicators | Iran | Panama |
|---|---|---|
Meal at a Resonable Restaurant  | 800,000 IRR (18.40 USD) | 12 PAB (12 USD) |
Three-Course Meal for Two  | 2,500,000 IRR (57.50 USD) | 30 PAB (30 USD) |
Fast Food Combo Meal  | 500,000 IRR (11.50 USD) | 6 PAB (6 USD) |
Normal Coffee  | 50,000 IRR (1.15 USD) | 2.50 PAB (2.50 USD) |
Soft Drink  | 30,000 IRR (0.69 USD) | 1.50 PAB (1.50 USD) |
Pizza for One  | 800,000 IRR (18.40 USD) | 12 PAB (12 USD) |
Take-Out Delivery Meal  | 1,000,000 IRR (23 USD) | 10 PAB (10 USD) |
Cigarette Pack of 20  | 150,000 IRR (3.45 USD) | 6 PAB (6 USD) |
Dining-Out costs 67.61% more in Iran compared to Panama.
Indicators | Iran | Panama |
|---|---|---|
Wine Mid-Range Bottle  | 800,000 IRR (18.40 USD) | 15 PAB (15 USD) |
Glass of Wine  | 250,000 IRR (5.75 USD) | 6 PAB (6 USD) |
Domestic Beer Half Liter  | 200,000 IRR (4.60 USD) | 2.50 PAB (2.50 USD) |
Imported Beer Half Liter  | 300,000 IRR (6.90 USD) | 4 PAB (4 USD) |
Domestic Alcohol 1 Liter  | 400,000 IRR (9.20 USD) | 15 PAB (15 USD) |
Branded Alcohol 1 Liter  | 600,000 IRR (13.80 USD) | 25 PAB (25 USD) |
If you lived in Iran, instead of Panama, you would have to pay 1.15 times less for usual hard drinks.
Indicators | Iran | Panama |
|---|---|---|
Monthly Public Transportation Pass  | 1,000,000 IRR (23 USD) | 50 PAB (50 USD) |
Single Public Transportation Ticket  | 200,000 IRR (4.60 USD) | 1.50 PAB (1.50 USD) |
Single Train Ticket  | 500,000 IRR (11.50 USD) | Yet to Update () |
Domestic Airplane Ticket  | 5,000,000 IRR (115 USD) | 100 PAB (100 USD) |
Taxi Start Fare  | 200,000 IRR (4.60 USD) | 3 PAB (3 USD) |
Taxi Rate Per Kilometer  | 100,000 IRR (2.30 USD) | 1.50 PAB (1.50 USD) |
Car Rental Per Day  | 1,500,000 IRR (34.50 USD) | 30 PAB (30 USD) |
Parking Fees in City Center Per Hour  | 100,000 IRR (2.30 USD) | 2 PAB (2 USD) |
Parking Fees outside City Center Per Hour  | 50,000 IRR (1.15 USD) | 1 PAB (1 USD) |
If you lived in Iran, instead of Panama, you would have to pay 1.05 times more for transportation.
Indicators | Iran | Panama |
|---|---|---|
Reasonable Vehicle Purchase Cost  | 500,000,000 IRR (11,500 USD) | 15,000 PAB (15,000 USD) |
Vehicle Registration Cost  | 5,000,000 IRR (115 USD) | 80 PAB (80 USD) |
Driving License Fees  | 1,000,000 IRR (23 USD) | 50 PAB (50 USD) |
Car Insurance Cost  | 3,000,000 IRR (69 USD) | 400 PAB (400 USD) |
Car Maintenance Cost  | 500,000 IRR (11.50 USD) | 150 PAB (150 USD) |
Car Loan Interest Rates  | 20 % | 6 % |
Fuel Per Liter  | 60,000 IRR (1.38 USD) | 1.20 PAB (1.20 USD) |
Fuel Per Gallon  | 250,000 IRR (5.75 USD) | 4.50 PAB (4.50 USD) |
Average Toll Fees  | 300,000 IRR 6.90 USD | 5 PAB 5 USD |
You would have to pay 1.34 times less for Vehicle purchase, daily operation and maintenance in Iran compared to that of Panama.
Indicators | Iran | Panama |
|---|---|---|
Doctor Visit  | 500,000 IRR (11.50 USD) | 50 PAB (50 USD) |
Specialist Visit  | 1,000,000 IRR (23 USD) | 100 PAB (100 USD) |
Dentist Visit  | 800,000 IRR (18.40 USD) | 70 PAB (70 USD) |
Eye Exam  | 600,000 IRR (13.80 USD) | 50 PAB (50 USD) |
Mental Health Counseling  | 800,000 IRR (18.40 USD) | 100 PAB (100 USD) |
Preventive Health Screening  | 300,000 IRR (6.90 USD) | 50 PAB (50 USD) |
Physical Therapy  | 600,000 IRR (13.80 USD) | 75 PAB (75 USD) |
Emergency Room Visit  | 1,500,000 IRR (34.50 USD) | 300 PAB (300 USD) |
Hospital Stay Per Night  | 2,000,000 IRR (46 USD) | 150 PAB (150 USD) |
Vaccinations  | 200,000 IRR (4.60 USD) | 30 PAB (30 USD) |
Prescription Medication  | 200,000 IRR (4.60 USD) | 20 PAB (20 USD) |
Over the Counter Medication  | 100,000 IRR (2.30 USD) | 10 PAB (10 USD) |
Health Insurance Premiums  | 5,000,000 IRR (115 USD) | 150 PAB (150 USD) |
Health Insurance Deductibles  | 1,000,000 IRR (23 USD) | 75 PAB (75 USD) |
If you lived in Iran, instead of Panama, you would have to pay 3.66 times less for Health and Medical Treatment.
Indicators | Iran | Panama |
|---|---|---|
Cosmetic Procedures  | 3,000,000 IRR (69 USD) | 200 PAB (200 USD) |
Spa Treatment  | 1,000,000 IRR (23 USD) | 75 PAB (75 USD) |
Manicure Pedicure Cost  | 500,000 IRR (11.50 USD) | 30 PAB (30 USD) |
Optical Glasses Cost  | 400,000 IRR (9.20 USD) | 80 PAB (80 USD) |
Contact Lenses Cost  | 500,000 IRR (11.50 USD) | 40 PAB (40 USD) |
Haircuts  | 200,000 IRR (4.60 USD) | 15 PAB (15 USD) |
Hair Coloring  | 300,000 IRR (6.90 USD) | 40 PAB (40 USD) |
Shampoo Price  | 50,000 IRR (1.15 USD) | 5 PAB (5 USD) |
Toothpaste Price  | 30,000 IRR (0.69 USD) | 2 PAB (2 USD) |
If you lived in Iran, instead of Panama, you would have to pay 3.54 times less for Personal Care Items and Treatment.
Indicators | Iran | Panama |
|---|---|---|
Pair of Nike Running Shoes  | 1,500,000 IRR (34.50 USD) | 80 PAB (80 USD) |
Men's Shirt  | 600,000 IRR (13.80 USD) | 25 PAB (25 USD) |
Women's Dress  | 1,500,000 IRR (34.50 USD) | 40 PAB (40 USD) |
Summer Dress  | 800,000 IRR (18.40 USD) | 30 PAB (30 USD) |
Men's Suit  | 4,000,000 IRR (92 USD) | 100 PAB (100 USD) |
Men's Jeans  | 1,000,000 IRR (23 USD) | 40 PAB (40 USD) |
Women's Jeans  | 800,000 IRR (18.40 USD) | 30 PAB (30 USD) |
Men's Formal Shoes  | 1,200,000 IRR (27.60 USD) | 80 PAB (80 USD) |
Women's Formal Shoes  | 1,200,000 IRR (27.60 USD) | 80 PAB (80 USD) |
Men's Casual Shoes  | 800,000 IRR (18.40 USD) | 50 PAB (50 USD) |
Women's Casual Shoes  | 700,000 IRR (16.10 USD) | 50 PAB (50 USD) |
Underwear For Men  | 200,000 IRR (4.60 USD) | 8 PAB (8 USD) |
Underwear For Women  | 200,000 IRR (4.60 USD) | 12 PAB (12 USD) |
Socks For Men  | 100,000 IRR (2.30 USD) | 3 PAB (3 USD) |
Socks For Women  | 100,000 IRR (2.30 USD) | 3 PAB (3 USD) |
Wintercoat for Adults  | 1,500,000 IRR (34.50 USD) | 80 PAB (80 USD) |
Sportswear  | 1,000,000 IRR (23 USD) | 40 PAB (40 USD) |
If you lived in Iran, instead of Panama, you would have to pay 1.90 times less for Clothing and Footwear for Adults.
Indicators | Iran | Panama |
|---|---|---|
Children's Jeans  | 500,000 IRR (11.50 USD) | 20 PAB (20 USD) |
Children's Normal Sneakers  | 600,000 IRR (13.80 USD) | 30 PAB (30 USD) |
Children's Winter Coat  | 1,000,000 IRR (23 USD) | 40 PAB (40 USD) |
Daycare for Infant  | 3,000,000 IRR (69 USD) | 200 PAB (200 USD) |
Daycare for Toddler  | 2,500,000 IRR (57.50 USD) | 150 PAB (150 USD) |
Childcare for Sick Days  | 1,000,000 IRR (23 USD) | 30 PAB (30 USD) |
Early Childhood Education Programs  | 2,000,000 IRR (46 USD) | 150 PAB (150 USD) |
Extra Curricular Activities  | 500,000 IRR (11.50 USD) | 100 PAB (100 USD) |
Summer Camp for Kids  | 1,500,000 IRR (34.50 USD) | 150 PAB (150 USD) |
If you lived in Iran, instead of Panama, you would have to pay 3.00 times less for Childcare and kids clothing.
Indicators | Iran | Panama |
|---|---|---|
PreSchool Fees  | 2,000,000 IRR (46 USD) | 250 PAB (250 USD) |
Primary School Fees  | 5,000,000 IRR (115 USD) | 400 PAB (400 USD) |
Secondary School Fees  | 6,000,000 IRR (138 USD) | 600 PAB (600 USD) |
Private School Fees  | 10,000,000 IRR (230 USD) | 1,000 PAB (1,000 USD) |
University Tuition Fees  | 20,000,000 IRR (460 USD) | 2,500 PAB (2,500 USD) |
University Private Tuition Fees  | 30,000,000 IRR (690 USD) | 3,500 PAB (3,500 USD) |
After School Activities  | 1,000,000 IRR (23 USD) | 75 PAB (75 USD) |
Special Education Services  | 1,500,000 IRR (34.50 USD) | 200 PAB (200 USD) |
Tutoring  | 500,000 IRR (11.50 USD) | 30 PAB (30 USD) |
Textbooks Cost  | 300,000 IRR (6.90 USD) | 50 PAB (50 USD) |
School Supplies  | 200,000 IRR (4.60 USD) | 30 PAB (30 USD) |
If you lived in Iran, instead of Panama, you would have to pay 4.91 times less for school and education.
Indicators | Iran | Panama |
|---|---|---|
Movie Ticket (Single)  | 200,000 IRR (4.60 USD) | 8 PAB (8 USD) |
Theater Ticket (Single)  | 500,000 IRR (11.50 USD) | 15 PAB (15 USD) |
Concert Ticket (Single)  | 700,000 IRR (16.10 USD) | 25 PAB (25 USD) |
Sports Event Ticket (Single)  | 600,000 IRR (13.80 USD) | 15 PAB (15 USD) |
Gym Membership  | 1,000,000 IRR (23 USD) | 40 PAB (40 USD) |
Swimming Pool Access  | 500,000 IRR (11.50 USD) | 25 PAB (25 USD) |
Museum Entry Ticket  | 300,000 IRR (6.90 USD) | 8 PAB (8 USD) |
Zoo Entry Ticket  | 400,000 IRR (9.20 USD) | 12 PAB (12 USD) |
Amusement Park Entry Ticket  | 800,000 IRR (18.40 USD) | 20 PAB (20 USD) |
Bowling  | 500,000 IRR (11.50 USD) | 15 PAB (15 USD) |
Mini Golf  | 400,000 IRR (9.20 USD) | 12 PAB (12 USD) |
Video Games  | 500,000 IRR (11.50 USD) | 40 PAB (40 USD) |
Streaming Services  | 400,000 IRR (9.20 USD) | 12 PAB (12 USD) |
Outdoor Equipment Rental  | 300,000 IRR (6.90 USD) | 15 PAB (15 USD) |
Theme Park Annual Pass  | 2,500,000 IRR (57.50 USD) | 500 PAB (500 USD) |
If you lived in Iran, instead of Panama, you would have to pay 3.45 times less for entertainment, recreation and fun activities.
Indicators | Iran | Panama |
|---|---|---|
Language Classes  | 1,000,000 IRR (23 USD) | 150 PAB (150 USD) |
Parenting Classes  | 800,000 IRR (18.40 USD) | 150 PAB (150 USD) |
Art Classes  | 600,000 IRR (13.80 USD) | 25 PAB (25 USD) |
Fitness Classes  | 500,000 IRR (11.50 USD) | 25 PAB (25 USD) |
Music Lessons  | 1,000,000 IRR (23 USD) | 30 PAB (30 USD) |
Dance Lessons  | 800,000 IRR (18.40 USD) | 30 PAB (30 USD) |
Reading Materials for Classes  | 200,000 IRR (4.60 USD) | 8 PAB (8 USD) |
Educational Software  | 500,000 IRR (11.50 USD) | 150 PAB (150 USD) |
If you lived in Iran, instead of Panama, you would have to pay 4.57 times less for Private Classes.
Indicators | Iran | Panama |
|---|---|---|
Average Gross Monthly Salary  | 12,000,000 IRR (276 USD) | 1,500 PAB (1,500 USD) |
Average Net Monthly Salary  | 8,000,000 IRR (184 USD) | 1,200 PAB (1,200 USD) |
Minimum Wages  | 200,000 IRR per hour (4.60 USD) | 20 PAB per hour (20 USD) |
Average Bonus  | 2,000,000 IRR (46 USD) | 150 PAB (150 USD) |
Income Tax Rate  | 0 to 9 % | 0 to 7 % |
Social Security Contributions  | 7 % | 9 % |
Pension Contributions  | 7 % | 10 % |
Cost of Living Index  | 40 | 50 |
Median Household Income  | 9,000,000 IRR (207 USD) | 1,200 PAB (1,200 USD) |
If you lived in Iran, you would earn 5.67 times less salary as compared to Panama.
Indicators | Iran | Panama |
|---|---|---|
Legal Consultation Per Hour Rate  | 500,000 IRR (11.50 USD) | 100 PAB (100 USD) |
Accounting Services Per Hour Rate  | 300,000 IRR (6.90 USD) | 80 PAB (80 USD) |
IT Support Services Per Hour Rate  | 400,000 IRR (9.20 USD) | 80 PAB (80 USD) |
Technician Services Per Hour Rate  | 350,000 IRR (8.05 USD) | 60 PAB (60 USD) |
Professional Services cost 8.98 times less in Iran, as compared to Panama.
We hope you enjoyed the detailed guide on the cost of living comparsion between Iran and Panama.
For more side-by-side comparsion between Countries, States and Cities, you can use the search box above or click the links below.
The Comparedoo.com family sincerely appreciates your time with us. We look forward to seeing you on our other pages.
