Verified Facts

Official NameIslamic Republic of Iran
CapitalTehran
Population86.0 million
Area1,648,195 km² (636371 sq mi)
LanguagesPersian (Farsi)
CurrencyIranian rial (ï·¼)
TimezoneUTC+03:30
RegionAsia / Southern Asia
Drives onRight
Source: REST Countries API

Economic Indicators

GDP per Capita (PPP)$19,874 (2024)
Inflation Rate32.5% (2024)
Health Spend per Capita$267 (2023)
Out-of-Pocket Health Spend43.1% (2023)
Education Spend (% GDP)2.8% (2023)
Source: World Bank Open Data

Iran is generally more expensive than Pakistan, with a difference of around 20-30% in overall cost of living.

Quick Facts

Iran GDP per Capita (PPP)14,400
Pakistan GDP per Capita (PPP)6,400
Iran Inflation Rate36.4%
Pakistan Inflation Rate10.9%
Overall Winner (Cheaper)Pakistan

Overview: Iran vs Pakistan

Iran and Pakistan are two neighboring countries in Asia with distinct economic profiles. Iran has a more diversified economy, with a strong oil and gas sector, while Pakistan's economy is largely driven by textiles, agriculture, and remittances. The cost of living in Iran is generally higher due to its more developed infrastructure, higher labor costs, and stricter economic sanctions. In contrast, Pakistan has a lower cost of living, with more affordable housing, food, and transportation options. Overall, Pakistan is around 20-30% cheaper than Iran, making it a more attractive destination for budget-conscious travelers and expats.

The economic context of both countries also plays a significant role in determining their cost of living. Iran's economy has been affected by international sanctions, which have limited its access to foreign markets and investments. As a result, the country has experienced high inflation rates, which have driven up the cost of living. In contrast, Pakistan's economy has been more stable, with lower inflation rates and a growing middle class. This has contributed to a more affordable cost of living in Pakistan, with lower prices for housing, food, and other essential goods and services.

Rent & Housing Comparison

ItemIran (USD)Pakistan (USD)Difference
1BR Apartment (City Center)25015040% cheaper in Pakistan
1BR Apartment (Outside)18010044% cheaper in Pakistan
3BR Apartment (City Center)45030033% cheaper in Pakistan

Food & Dining Comparison

ItemIran (USD)Pakistan (USD)Difference
Meal at Restaurant10550% cheaper in Pakistan
Groceries (monthly)30020033% cheaper in Pakistan
Beer (500ml)5340% cheaper in Pakistan
Coffee21.525% cheaper in Pakistan

Transport Comparison

ItemIran (USD)Pakistan (USD)Difference
Monthly Transit Pass201050% cheaper in Pakistan
Taxi (per km)0.50.340% cheaper in Pakistan
Fuel (per liter)0.70.529% cheaper in Pakistan

Utilities & Internet Comparison

ItemIran (USD)Pakistan (USD)Difference
Utilities (85 sqm apt)805037% cheaper in Pakistan
Internet (60 Mbps)201525% cheaper in Pakistan
Mobile Plan10550% cheaper in Pakistan

Monthly Budget Comparison

Budget TierIran (USD)Pakistan (USD)Savings
Budget80050037% savings in Pakistan
Mid-Range1,20080033% savings in Pakistan
Comfortable2,0001,20040% savings in Pakistan

Where Each Country Wins

  • Iran is cheaper for:
  • High-end shopping and dining experiences
  • Luxury hotels and resorts
  • International flights and travel
  • High-quality healthcare services
  • Pakistan is cheaper for:
  • Budget-friendly accommodations and food
  • Local transportation and fuel
  • Mobile plans and internet services
  • Clothing and textiles

Bottom Line

For expats, students, and retirees, Pakistan offers a more affordable cost of living, with significant savings on housing, food, and transportation. However, Iran provides a more developed infrastructure, better healthcare services, and a wider range of international amenities, making it a better choice for those who value convenience and luxury. Families may find Pakistan a more attractive option due to its lower cost of living, while couples and solo travelers may prefer Iran's more vibrant cultural scene and entertainment options. Ultimately, the choice between Iran and Pakistan depends on individual priorities and lifestyle preferences.

In terms of overall value, Pakistan offers a better balance of affordability and quality of life, with a lower cost of living and a range of cultural and natural attractions. Iran, on the other hand, provides a more urbanized and modern experience, with a wider range of amenities and services. As both countries continue to develop and grow, they are likely to become increasingly attractive destinations for travelers and expats alike, each offering a unique blend of culture, history, and natural beauty.