Cost of living in Panama compared to India
Currency:
| Food | + 114% | |||
|---|---|---|---|---|
| Food in Panama is 114% more expensive than in India | ||||
| Panama | India | Diff | ||
| Basic lunchtime menu (including a drink) in the business district | 14 B/. (₨1,227) | ₨408 | + 200% | |
| Combo meal in fast food restaurant (big mac meal or similar) | 7 B/. (₨638) | ₨360 | + 77% | |
| 500 gr (1 lb.) of boneless chicken breast | 3.36 B/. (₨288) | ₨177 | + 63% | |
| 1 liter (1 qt.) of whole fat milk | 1.78 B/. (₨152) | ₨62 | + 146% | |
| 12 eggs, large | 3.03 B/. (₨259) | ₨101 | + 155% | |
| 1 kg (2 lb.) of tomatoes | 2.47 B/. (₨211) | ₨45 | + 367% | |
| 500 gr (16 oz.) of local cheese | 7 B/. (₨625) | ₨252 | + 148% | |
| 1 kg (2 lb.) of apples | 3.03 B/. (₨259) | ₨198 | + 31% | |
| 1 kg (2 lb.) of potatoes | 2.27 B/. (₨194) | ₨40 | + 384% | |
| 0.5 l (16 oz) domestic beer in the supermarket | 1.55 B/. (₨133) | ₨171 | - 22% | |
| 1 bottle of red table wine, good quality | 12 B/. (₨983) | ₨908 | + 8% | |
| 2 liters of coca-cola | 2.55 B/. (₨218) | ₨93 | + 135% | |
| Bread for 2 people for 1 day | 2.19 B/. (₨187) | ₨44 | + 322% | |
| Housing | + 174% | |||
| Housing in Panama is 174% more expensive than in India | ||||
| Panama | India | Diff | ||
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in expensive area | 1,591 B/. (₨135,977) | ₨47,882 | + 184% | |
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in normal area | 1,002 B/. (₨85,636) | ₨29,632 | + 189% | |
| Utilities 1 month (heating, electricity, gas ...) for 2 people in 85m2 flat | 153 B/. (₨13,105) | ₨5,486 | + 139% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in expensive area | 1,004 B/. (₨85,751) | ₨30,304 | + 183% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in normal area | 658 B/. (₨56,184) | ₨17,855 | + 215% | |
| Utilities 1 month (heating, electricity, gas ...) for 1 person in 45 m2 (480 sqft) studio | 97 B/. (₨8,285) | ₨4,698 | + 76% | |
| Internet 8 mbps (1 month) | 45 B/. (₨3,824) | ₨749 | + 411% | |
| 40” flat screen tv | 280 B/. (₨23,935) | ₨27,357 | - 13% | |
| Microwave 800/900 watt (bosch, panasonic, lg, sharp, or equivalent brands) | 131 B/. (₨11,202) | ₨12,897 | - 13% | |
| Laundry detergent (3 l. ~ 100 oz.) | 19 B/. (₨1,596) | ₨532 | + 200% | |
| Hourly rate for cleaning help | 11 B/. (₨905) | ₨744 | + 22% | |
| Clothes | + 91% | |||
| Clothes in Panama is 91% more expensive than in India | ||||
| Panama | India | Diff | ||
| 1 pair of jeans (levis 501 or similar) | 50 B/. (₨4,299) | ₨2,499 | + 72% | |
| 1 summer dress in a high street store (zara, h&m or similar retailers) | 49 B/. (₨4,181) | ₨2,581 | + 62% | |
| 1 pair of sport shoes (nike, adidas, or equivalent brands) | 110 B/. (₨9,359) | ₨4,064 | + 130% | |
| 1 pair of men’s leather business shoes | 146 B/. (₨12,516) | ₨2,995 | + 318% | |
| Transportation | + 21% | |||
| Transportation in Panama is 21% more expensive than in India | ||||
| Panama | India | Diff | ||
| Volkswagen golf 1.4 tsi 150 cv (or equivalent), with no extras, new | 24,370 B/. (₨2,082,360) | ₨1,758,920 | + 18% | |
| 1 liter (1/4 gallon) of gas | 0.97 B/. (₨83) | ₨104 | - 20% | |
| Monthly ticket public transport | 27 B/. (₨2,334) | ₨1,466 | + 59% | |
| Personal Care | + 277% | |||
| Personal Care in Panama is 277% more expensive than in India | ||||
| Panama | India | Diff | ||
| Cold medicine for 6 days (tylenol, frenadol, coldrex, or equivalent brands) | 10 B/. (₨883) | ₨94 | + 841% | |
| 1 box of antibiotics (12 doses) | 19 B/. (₨1,625) | ₨250 | + 550% | |
| Short visit to private doctor (15 minutes) | 80 B/. (₨6,851) | ₨1,186 | + 478% | |
| 1 box of 32 tampons (tampax, ob, ...) | 11 B/. (₨979) | ₨379 | + 158% | |
| Deodorant, roll-on (50ml ~ 1.5 oz.) | 7 B/. (₨609) | ₨229 | + 166% | |
| Hair shampoo 2-in-1 (400 ml ~ 12 oz.) | 9 B/. (₨728) | ₨271 | + 169% | |
| 4 rolls of toilet paper | 4.49 B/. (₨384) | ₨195 | + 97% | |
| Tube of toothpaste | 3.34 B/. (₨285) | ₨96 | + 197% | |
| Standard men's haircut in expat area of the city | 40 B/. (₨3,401) | ₨307 | + 1009% | |
| Entertainment | + 184% | |||
| Entertainment in Panama is 184% more expensive than in India | ||||
| Panama | India | Diff | ||
| Basic dinner out for two in neighborhood pub | 36 B/. (₨3,054) | ₨1,330 | + 130% | |
| 2 tickets to the movies | 11 B/. (₨964) | ₨647 | + 49% | |
| 2 tickets to the theater (best available seats) | 35 B/. (₨2,985) | ₨1,539 | + 94% | |
| Dinner for two at an italian restaurant in the expat area including appetisers, main course, wine and dessert | 66 B/. (₨5,604) | ₨2,144 | + 161% | |
| 1 cocktail drink in downtown club | 17 B/. (₨1,435) | ₨709 | + 103% | |
| Cappuccino in expat area of the city | 8 B/. (₨711) | ₨234 | + 204% | |
| 1 beer in neighbourhood pub (500ml or 1pt.) | 4.62 B/. (₨394) | ₨197 | + 100% | |
| Ipad wi-fi 128gb | 805 B/. (₨68,774) | ₨42,549 | + 62% | |
| 1 min. of prepaid mobile tariff (no discounts or plans) | 0.50 B/. (₨43) | ₨5.62 | + 660% | |
| 1 month of gym membership in business district | 57 B/. (₨4,908) | ₨1,807 | + 172% | |
| 1 package of marlboro cigarettes | 8 B/. (₨688) | ₨277 | + 148% | |
| TOTAL | + 119% | |||
This comparison has some inconsistent or sparse data. It already provides a reliable comparison but it is not bullet-proof. It is based on 4,328 prices entered by 594 different people.
These prices were last updated on May 12, 2025.
Exchange rate:
85.447
INR
/
PAB
Cost of living in Panama is 119% more expensive than in India
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