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 cheaper than Turkmenistan, with an overall cost of living difference of around 20-30%.

Quick Facts

Iran GDP per Capita (PPP)$21,400
Turkmenistan GDP per Capita (PPP)$24,500
Iran Inflation Rate36.4%
Turkmenistan Inflation Rate13.4%
Overall Winner (Cheaper)Iran

Overview: Iran vs Turkmenistan

Iran and Turkmenistan are two neighboring countries in Asia with distinct economic contexts. Iran has a more diversified economy with a strong presence of industries such as oil and gas, automotive, and textiles, while Turkmenistan's economy is heavily reliant on its vast natural gas reserves. The cost of living in Iran is generally lower compared to Turkmenistan, with the former offering more affordable options for housing, food, and transportation. However, the economic sanctions imposed on Iran have led to a significant increase in inflation, which can affect the purchasing power of locals and expatriates alike.

The economic context of both countries plays a crucial role in determining the cost of living. Iran's economy has been facing challenges due to the sanctions, which have led to a decline in the value of the local currency, the Iranian Rial. On the other hand, Turkmenistan's economy has been growing steadily, driven by its natural gas exports. Despite these differences, Iran remains a more affordable option for those looking to live and work in the region. The cost of living in Iran is around 20-30% lower compared to Turkmenistan, making it an attractive destination for expatriates, students, and retirees.

Rent & Housing Comparison

ItemIran (USD)Turkmenistan (USD)Difference
1BR Apartment (City Center)$200$35042% cheaper
1BR Apartment (Outside)$150$25040% cheaper
3BR Apartment (City Center)$400$60033% cheaper

Food & Dining Comparison

ItemIran (USD)Turkmenistan (USD)Difference
Meal at Restaurant$5$1050% cheaper
Groceries (monthly)$100$15033% cheaper
Beer (500ml)$2$560% cheaper
Coffee$1$250% cheaper

Transport Comparison

ItemIran (USD)Turkmenistan (USD)Difference
Monthly Transit Pass$10$2050% cheaper
Taxi (per km)$0.50$150% cheaper
Fuel (per liter)$0.50$0.7029% cheaper

Utilities & Internet Comparison

ItemIran (USD)Turkmenistan (USD)Difference
Utilities (85 sqm apt)$50$7029% cheaper
Internet (60 Mbps)$20$3033% cheaper
Mobile Plan$10$1533% cheaper

Monthly Budget Comparison

Budget TierIran (USD)Turkmenistan (USD)Savings
Budget$500$70029%
Mid-Range$1,000$1,40029%
Comfortable$2,000$2,80029%

Where Each Country Wins

  • Iran is cheaper for:
  • Rent and housing, with options available for 30-50% less than in Turkmenistan
  • Food and dining, with meals and groceries available for 30-60% less than in Turkmenistan
  • Transportation, with public transport and taxi fares available for 50% less than in Turkmenistan
  • Utilities and internet, with options available for 20-30% less than in Turkmenistan
  • Turkmenistan is cheaper for:
  • Certain imported goods, which may be subject to lower tariffs and taxes
  • Luxury items, which may be available for lower prices due to the country's lower taxes
  • Travel and tourism, with the country offering a range of affordable tour packages and travel options
  • Certain business services, which may be available for lower prices due to the country's business-friendly environment

Bottom Line

Iran and Turkmenistan offer distinct advantages and disadvantages for different lifestyles. For expatriates and students, Iran may be a more affordable option, with lower costs for housing, food, and transportation. However, the economic sanctions imposed on Iran can affect the availability and quality of certain goods and services. For retirees and families, Turkmenistan may offer a more stable and secure environment, with a lower crime rate and a more predictable economy. Ultimately, the choice between Iran and Turkmenistan depends on individual priorities and preferences. Iran's lower cost of living and rich cultural heritage make it an attractive destination for those looking for an affordable and immersive experience, while Turkmenistan's stability and security make it a more appealing option for those prioritizing safety and predictability.