Cost of living in Panama compared to India
Currency:
| Food | + 136% | |||
|---|---|---|---|---|
| Food in Panama is 136% more expensive than in India | ||||
| Panama | India | Diff | ||
| Basic lunchtime menu (including a drink) in the business district | 16 B/. (₨1,318) | ₨367 | + 260% | |
| Combo meal in fast food restaurant (big mac meal or similar) | 8 B/. (₨641) | ₨331 | + 93% | |
| 500 gr (1 lb.) of boneless chicken breast | 4.47 B/. (₨369) | ₨168 | + 120% | |
| 1 liter (1 qt.) of whole fat milk | 1.69 B/. (₨139) | ₨58 | + 142% | |
| 12 eggs, large | 2.82 B/. (₨234) | ₨93 | + 151% | |
| 1 kg (2 lb.) of tomatoes | 2.47 B/. (₨205) | ₨39 | + 429% | |
| 500 gr (16 oz.) of local cheese | 8 B/. (₨664) | ₨241 | + 176% | |
| 1 kg (2 lb.) of apples | 2.85 B/. (₨236) | ₨154 | + 54% | |
| 1 kg (2 lb.) of potatoes | 2.19 B/. (₨181) | ₨31 | + 491% | |
| 0.5 l (16 oz) domestic beer in the supermarket | 1.53 B/. (₨127) | ₨169 | - 25% | |
| 1 bottle of red table wine, good quality | 17 B/. (₨1,387) | ₨776 | + 79% | |
| 2 liters of coca-cola | 2.52 B/. (₨208) | ₨91 | + 128% | |
| Bread for 2 people for 1 day | 1.63 B/. (₨135) | ₨37 | + 262% | |
| Housing | + 181% | |||
| Housing in Panama is 181% more expensive than in India | ||||
| Panama | India | Diff | ||
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in expensive area | 1,349 B/. (₨111,600) | ₨40,484 | + 176% | |
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in normal area | 907 B/. (₨74,996) | ₨24,222 | + 210% | |
| Utilities 1 month (heating, electricity, gas ...) for 2 people in 85m2 flat | 145 B/. (₨12,001) | ₨5,258 | + 128% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in expensive area | 936 B/. (₨77,461) | ₨25,031 | + 209% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in normal area | 930 B/. (₨76,925) | ₨15,316 | + 402% | |
| Utilities 1 month (heating, electricity, gas ...) for 1 person in 45 m2 (480 sqft) studio | 99 B/. (₨8,227) | ₨5,856 | + 40% | |
| Internet 8 mbps (1 month) | 45 B/. (₨3,740) | ₨665 | + 462% | |
| 40” flat screen tv | 332 B/. (₨27,431) | ₨31,013 | - 12% | |
| Microwave 800/900 watt (bosch, panasonic, lg, sharp, or equivalent brands) | 101 B/. (₨8,368) | ₨11,734 | - 29% | |
| Laundry detergent (3 l. ~ 100 oz.) | 7 B/. (₨615) | ₨552 | + 11% | |
| Hourly rate for cleaning help | 5.12 B/. (₨424) | ₨447 | - 5% | |
| Clothes | + 19% | |||
| Clothes in Panama is 19% more expensive than in India | ||||
| Panama | India | Diff | ||
| 1 pair of jeans (levis 501 or similar) | 48 B/. (₨3,956) | ₨2,473 | + 60% | |
| 1 summer dress in a high street store (zara, h&m or similar retailers) | 31 B/. (₨2,558) | ₨2,814 | - 9% | |
| 1 pair of sport shoes (nike, adidas, or equivalent brands) | 88 B/. (₨7,250) | ₨4,387 | + 65% | |
| 1 pair of men’s leather business shoes | 90 B/. (₨7,408) | ₨3,148 | + 135% | |
| Transportation | + 62% | |||
| Transportation in Panama is 62% more expensive than in India | ||||
| Panama | India | Diff | ||
| Volkswagen golf 1.4 tsi 150 cv (or equivalent), with no extras, new | 22,199 B/. (₨1,836,469) | ₨1,326,030 | + 38% | |
| 1 liter (1/4 gallon) of gas | 1.25 B/. (₨103) | ₨105 | - 2% | |
| Monthly ticket public transport | 36 B/. (₨2,948) | ₨1,093 | + 170% | |
| Personal Care | + 166% | |||
| Personal Care in Panama is 166% more expensive than in India | ||||
| Panama | India | Diff | ||
| Cold medicine for 6 days (tylenol, frenadol, coldrex, or equivalent brands) | 9 B/. (₨754) | ₨144 | + 424% | |
| 1 box of antibiotics (12 doses) | 24 B/. (₨1,945) | ₨263 | + 638% | |
| Short visit to private doctor (15 minutes) | 41 B/. (₨3,417) | ₨916 | + 273% | |
| 1 box of 32 tampons (tampax, ob, ...) | 7 B/. (₨607) | ₨412 | + 47% | |
| Deodorant, roll-on (50ml ~ 1.5 oz.) | 3.80 B/. (₨314) | ₨231 | + 36% | |
| Hair shampoo 2-in-1 (400 ml ~ 12 oz.) | 7 B/. (₨607) | ₨281 | + 116% | |
| 4 rolls of toilet paper | 3.78 B/. (₨313) | ₨175 | + 79% | |
| Tube of toothpaste | 3.41 B/. (₨283) | ₨102 | + 178% | |
| Standard men's haircut in expat area of the city | 15 B/. (₨1,258) | ₨316 | + 298% | |
| Entertainment | + 132% | |||
| Entertainment in Panama is 132% more expensive than in India | ||||
| Panama | India | Diff | ||
| Basic dinner out for two in neighborhood pub | 32 B/. (₨2,628) | ₨1,432 | + 84% | |
| 2 tickets to the movies | 15 B/. (₨1,254) | ₨597 | + 110% | |
| 2 tickets to the theater (best available seats) | 32 B/. (₨2,668) | ₨1,467 | + 82% | |
| Dinner for two at an italian restaurant in the expat area including appetisers, main course, wine and dessert | 54 B/. (₨4,450) | ₨1,933 | + 130% | |
| 1 cocktail drink in downtown club | 11 B/. (₨913) | ₨720 | + 27% | |
| Cappuccino in expat area of the city | 5.66 B/. (₨469) | ₨226 | + 107% | |
| 1 beer in neighbourhood pub (500ml or 1pt.) | 2.67 B/. (₨221) | ₨182 | + 21% | |
| Ipad wi-fi 128gb | 590 B/. (₨48,810) | ₨50,214 | - 3% | |
| 1 min. of prepaid mobile tariff (no discounts or plans) | 0.39 B/. (₨32) | ₨1.43 | + 2168% | |
| 1 month of gym membership in business district | 51 B/. (₨4,239) | ₨1,609 | + 163% | |
| 1 package of marlboro cigarettes | 5.73 B/. (₨474) | ₨265 | + 79% | |
| TOTAL | + 117% | |||
These prices were last updated on June 03, 2023.
Exchange rate:
82.728
INR
/
PAB
This comparison is based on abundant and consistent data. It is based on 8,676 prices entered by 1,317 different people.
Cost of living in Panama is 117% more expensive than in India
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