Last update: Oct 2026

Cost of Living Comparison Between Izmir and Boquete

For one person, living is cheaper in Izmir: $1,207 a month against $1,462 in Boquete, rent and utilities included – about $3,100 less a year. Higher rent and utilities in Boquete outweigh lower spending on other living expenses.

59

Cost of Living Index in Izmir
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Izmir Living Index
71

Cost of Living Index in Boquete
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Boquete Living Index

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Izmir

🇹🇷 Turkey

$1,207

/mo nomad

Boquete

🇵🇦 Panama

$1,462

/mo nomad

Monthly Cost of Living

How much you'll spend in Izmir and in Boquete

Real prices from locals and on-the-ground checks – rent, groceries, transit and the daily extras. Here's what a month in Izmir and in Boquete actually costs, broken down by who's living it.

Monthly costs for one person with rent: $1,207 in Izmir versus $1,462 in Boquete.

Izmir $1,207
Boquete $1,462

Estimated couple costs with rent: $1,906 in Izmir versus $2,237 in Boquete.

Izmir $1,906
Boquete $2,237

Monthly costs for a family of three with rent: $2,606 in Izmir versus $3,011 in Boquete.

Izmir $2,606
Boquete $3,011

Living in Izmir costs roughly 17% less than in Boquete, and outside of rent the biggest gap is in clothing.

The two cities straddle the global median: Izmir is 11% below, Boquete is 8% above.

Meal at Budget Restaurant

$10.20 ₺505

$6.48 PAB 6.48

57.41%

Three-Course Dinner for Two, Mid-Range

$36.97 ₺1,831

$39.69 PAB 39.69

-6.85%

Fast Food Meal (McDonalds, etc)

$8.43 ₺417

$7.65 PAB 7.65

10.20%

Cappuccino

$3.54 ₺175

$3.88 PAB 3.88

-8.76%

Coke/Pepsi/Fanta/Sprite (0.33 liter bottle)

$1.50 ₺74.3

$1.36 PAB 1.36

10.29%

Water (0.33 liter bottle)

$0.63 ₺31.18

$1.15 PAB 1.15

-45.22%

Local Beer (0.5 liter draught)

$3.39 ₺168

$2.27 PAB 2.27

49.34%

Imported Beer (0.33 liter bottle)

$5.19 ₺257

$5.08 PAB 5.08

2.17%

Milk (1 liter)

$1.10 ₺54.4

$1.81 PAB 1.81

-39.23%

White Bread (500g)

$1.06 ₺52.5

$2.15 PAB 2.15

-50.70%

Rice (white) (1kg)

$2.32 ₺115

$2.25 PAB 2.25

3.11%

Eggs

$2.55 ₺126

$2.60 PAB 2.60

-1.92%

Local Cheese (1kg)

$9.29 ₺460

$9.62 PAB 9.62

-3.43%

Chicken Fillets (1kg)

$5.14 ₺255

$7.53 PAB 7.53

-31.74%

Beef Round Steak (1kg)

$21.02 ₺1,041

$15.28 PAB 15.28

37.57%

Apples (1kg)

$1.98 ₺97.9

$4.33 PAB 4.33

-54.27%

Banana (1kg)

$2.08 ₺103

$1.01 PAB 1.01

105.94%

Oranges (1kg)

$1.02 ₺50.6

$4.40 PAB 4.40

-76.82%

Tomato (1kg)

$1.43 ₺71.0

$2.23 PAB 2.23

-35.87%

Potato (1kg)

$0.56 ₺27.60

$2.21 PAB 2.21

-74.66%

Onion (1kg)

$0.41 ₺20.50

$2.14 PAB 2.14

-80.84%

Lettuce (1 head)

$1.10 ₺54.7

$2.30 PAB 2.30

-52.17%

Water (1.5 liter bottle)

$0.76 ₺37.49

$1.65 PAB 1.65

-53.94%

Cigarettes 20 Pack (Marlboro, Camel)

$2.20 ₺109

$5.02 PAB 5.02

-56.18%

Wine (Bottle)

$11.53 ₺571

$7.85 PAB 7.85

46.88%

Local Beer (0.5 liter bottle)

$2.03 ₺100

$1.20 PAB 1.20

69.17%

Imported Beer (0.33 liter bottle)

$3.09 ₺153

$2.59 PAB 2.59

19.31%

One-way Ticket (Public Transport)

$0.68 ₺33.71

$1.35 PAB 1.35

-49.63%

Public Transport Monthly Pass (Regular Price)

$43.37 ₺2,147

$24.55 PAB 24.55

76.66%

Taxi Start (Normal Tariff)

$3.61 ₺179

$1.02 PAB 1.02

253.92%

Taxi (Normal Tariff) (1km)

$1.04 ₺51.3

$2.06 PAB 2.06

-49.51%

Taxi 1hour Waiting (Normal Tariff)

$5.36 ₺266

$30.39 PAB 30.39

-82.36%

Gasoline (1 liter)

$1.36 ₺67.1

$1.13 PAB 1.13

20.35%

Midsize Hatchback 1.4l (Volkswagen Golf, Toyota Prius, Honda Civic, etc)

$40.6K ₺2.0M

$25.5K PAB 25.5K

59.04%

Compact Sedan 1.6l (Toyota Corolla, Mazda3, Kia K4, Hyundai Elantra, etc)

$46.7K ₺2.3M

$22.1K PAB 22.1K

112.00%

Utilities for 2 People in 2-bedroom Apartment (Heating, Electricity, Gas, Water, Garbage) (85m2)

$82.5 ₺4,086

$58.0 PAB 58.0

42.24%

SIM Card Monthly Plan (Calls and 10GB+ Data)

$10.63 ₺526

$25.95 PAB 25.95

-59.04%

Internet (50+ Mbps, Unlimited Data)

$16.18 ₺801

$42.16 PAB 42.16

-61.62%

Gym Membership (Monthly)

$64.0 ₺3,171

$82.5 PAB 82.5

-22.38%

Tennis Court (1 Hour on Weekend)

$35.09 ₺1,737

$17.48 PAB 17.48

100.74%

Cinema Ticket

$7.99 ₺396

$6.33 PAB 6.33

26.22%

Preschool or Kindergarten, Full Day, Private, 1 Child (Monthly)

$685 ₺33.9K

International Primary School, 1 Child (Yearly)

$14.1K ₺700.2K

$6,075 PAB 6,075

132.79%

Jeans (Levis 501 Or Similar)

$46.16 ₺2,286

$25.42 PAB 25.42

81.59%

Summer Dress (H&M, Zara, etc)

$36.59 ₺1,812

$25.48 PAB 25.48

43.60%

Sport Shoes (Adidas, Nike)

$91.4 ₺4,527

$44.14 PAB 44.14

107.16%

Men's Leather Business Shoes

$80.2 ₺3,971

1-bedroom Apartment, City Center (Monthly)

$606 ₺30.0K

$825 PAB 825

-26.57%

1-bedroom Apartment, Outside City Center (Monthly)

$416 ₺20.6K

$710 PAB 710

-41.39%

3-bedroom Apartment, City Center (Monthly)

$1,126 ₺55.7K

$1,551 PAB 1,551

-27.42%

3-bedroom Apartment, Outside City Center (Monthly)

$800 ₺39.6K

$1,284 PAB 1,284

-37.74%

Buy Apartment in City Center (m2)

$1,455 ₺72.0K

$1,181 PAB 1,181

23.21%

Buy Apartment Outside City Center (m2)

$1,006 ₺49.8K

$1,150 PAB 1,150

-12.46%

Average Monthly Net Salary (After Tax)

$1,158 ₺57.3K

$784 PAB 784

47.64%

20-Year Fixed Mortgage Interest Rate (Annual %)

42.33

6.5

551.23%

CityCost data is based on AI and user input – minor inaccuracies may occur.

Last update for Izmir: October 12, 2026

Last update for Boquete: October 11, 2026

Monthly budget structure

Share of the monthly basket for one person, rent included.

Accommodation & Living

Izmir

$416 34.5%

Boquete

$710 48.5% 70.6% $294

Groceries & Markets

Izmir

$247 20.5%

Boquete

$295 20.2% 19.4% $48

Eating Out

Izmir

$185 15.4%

Boquete

$153 10.5% 17.5% $32

Clothing & Footwear

Izmir

$114 9.5%

Boquete

$43 * 2.9% 62.6% $72

Monthly Utilities & Internet

Izmir

$109 9.1%

Boquete

$126 8.6% 15.4% $17

Sport & Entertainment

Izmir

$80 6.6%

Boquete

$95 6.5% 18.9% $15

Getting Around

Izmir

$55 4.6%

Boquete

$41 2.8% 24.8% $14

Categories marked with * are only partly priced – their share counts the items that do have prices.

Cost Breakdown

A one-bedroom apartment in the center runs $606 in Izmir and $825 in Boquete. Housing cost is often the main lever when comparing two cities.

Izmir pays 48% more on average while also being the cheaper of the two. The combined effect is a noticeably stronger local purchasing power.

Dining out: $37.00 in Izmir vs $40.00 in Boquete for a mid-range dinner for two. Groceries echo the gap at $247 vs $295 per month, with Izmir cheaper across the board.

Good to know

🇹🇷 Izmir

🇵🇦 Boquete

🕒 Local time

20:35 8:35 PM

12:35 12:35 PM

8 h behind Izmir

🌤 Weather

👥 Population

4,493,242

7,000

💱 Currency

Turkish Lira TRY ₺

Panamanian Balboa PAB B/.

📈 Exchange rate

100 TRY = 2.02 USD

100 TRY = 1.8 EUR

1 PAB = 1 USD

1 PAB = 0.89 EUR

Exchange rates and currency converter

PAB, USD, EUR to TRY – Turkish Lira Converter

🇺🇸 United States Dollar ($)

🇹🇷 Turkish Lira (₺)

Turkish Lira exchange rates as of October 19, 2026: 1 USD = 49.51 TRY (100 TRY = 2.02 USD). 1 EUR = 55.66 TRY (100 TRY = 1.8 EUR).

Panamanian Balboa exchange rates as of October 19, 2026: 1 USD = 1 PAB (1 PAB = 1 USD). 1 EUR = 1.12 PAB (1 PAB = 0.89 EUR).

USD to TRY in detail →

On the map

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Between locations

Izmir Boquete 11,060 km ≈ 14 h nonstop flight

From you

Izmir
Boquete

Distances are measured in a straight line. Your location is detected approximately.

City Median Internet Speeds Comparison (Updated April 2026)

The chart highlights the Precision Threshold for mobile and fixed broadband internet speeds, updated quarterly.

Digital Nomad Cost of Living Index

Izmir vs Boquete: Cost of Living - Frequently Asked Questions

Izmir is cheaper overall, especially in groceries, leisure, and utilities. The 21% gap adds up to real monthly savings that compound significantly over time.

Average pay runs 48% higher in Izmir, which matters when comparing affordability. Whether that higher income actually nets you more depends on your spending habits and housing choices.

Rent for a central apartment: $606 in Izmir versus $825 in Boquete. Housing is usually the single largest factor when comparing overall living costs between the two.

Supermarket bills run roughly 19% higher in Boquete. For households that cook at home regularly, that difference adds up over a month.

All in, you'll spend $1,207 per month in Izmir versus $1,462 in Boquete – a 21% gap that adds up to real savings over time for anyone picking the cheaper option.

At $1,207 in Izmir versus $1,462 in Boquete, a $1,000 budget is realistic in Izmir but tight or insufficient in Boquete. The gap between the two cities makes Izmir the clear choice for anyone on this budget.

For families, Izmir is more practical. Housing and childcare are both notably cheaper than in Boquete, and the savings on those two alone free up budget for education, activities, and family trips.

Safety-wise, Izmir and Boquete are on par. Petty crime is typical for cities this size, and most residents feel comfortable going about their daily routines in either place.

Expats usually find Izmir gentler on the wallet – expenses run 21% less than in Boquete. Beyond cost, consider language, visa policies, and how big the international community is in each city.