Cost of living in Panama compared to India
Currency:
| Food | + 98% | |||
|---|---|---|---|---|
| Food in Panama is 98% more expensive than in India | ||||
| Panama | India | Diff | ||
| Basic lunchtime menu (including a drink) in the business district | 13 B/. (₨1,123) | ₨373 | + 202% | |
| Combo meal in fast food restaurant (big mac meal or similar) | 7 B/. (₨590) | ₨347 | + 70% | |
| 500 gr (1 lb.) of boneless chicken breast | 3.56 B/. (₨302) | ₨174 | + 73% | |
| 1 liter (1 qt.) of whole fat milk | 1.78 B/. (₨150) | ₨60 | + 150% | |
| 12 eggs, large | 2.71 B/. (₨230) | ₨98 | + 134% | |
| 1 kg (2 lb.) of tomatoes | 2.36 B/. (₨200) | ₨48 | + 317% | |
| 500 gr (16 oz.) of local cheese | 6 B/. (₨545) | ₨272 | + 100% | |
| 1 kg (2 lb.) of apples | 1.97 B/. (₨166) | ₨195 | - 15% | |
| 1 kg (2 lb.) of potatoes | 2.79 B/. (₨236) | ₨37 | + 543% | |
| 0.5 l (16 oz) domestic beer in the supermarket | 1.26 B/. (₨106) | ₨160 | - 33% | |
| 1 bottle of red table wine, good quality | 10 B/. (₨842) | ₨955 | - 12% | |
| 2 liters of coca-cola | 2.56 B/. (₨217) | ₨98 | + 122% | |
| Bread for 2 people for 1 day | 1.67 B/. (₨142) | ₨41 | + 245% | |
| Housing | + 177% | |||
| Housing in Panama is 177% more expensive than in India | ||||
| Panama | India | Diff | ||
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in expensive area | 1,400 B/. (₨118,501) | ₨43,270 | + 174% | |
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in normal area | 951 B/. (₨80,519) | ₨26,841 | + 200% | |
| Utilities 1 month (heating, electricity, gas ...) for 2 people in 85m2 flat | 114 B/. (₨9,629) | ₨5,318 | + 81% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in expensive area | 933 B/. (₨79,025) | ₨26,559 | + 198% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in normal area | 651 B/. (₨55,129) | ₨15,794 | + 249% | |
| Utilities 1 month (heating, electricity, gas ...) for 1 person in 45 m2 (480 sqft) studio | 92 B/. (₨7,804) | ₨4,914 | + 59% | |
| Internet 8 mbps (1 month) | 36 B/. (₨3,087) | ₨679 | + 354% | |
| 40” flat screen tv | 300 B/. (₨25,398) | ₨26,848 | - 5% | |
| Microwave 800/900 watt (bosch, panasonic, lg, sharp, or equivalent brands) | 113 B/. (₨9,538) | ₨11,529 | - 17% | |
| Laundry detergent (3 l. ~ 100 oz.) | 29 B/. (₨2,471) | ₨431 | + 474% | |
| Hourly rate for cleaning help | 10 B/. (₨810) | ₨389 | + 108% | |
| Clothes | + 131% | |||
| Clothes in Panama is 131% more expensive than in India | ||||
| Panama | India | Diff | ||
| 1 pair of jeans (levis 501 or similar) | 64 B/. (₨5,443) | ₨2,496 | + 118% | |
| 1 summer dress in a high street store (zara, h&m or similar retailers) | 65 B/. (₨5,503) | ₨2,662 | + 107% | |
| 1 pair of sport shoes (nike, adidas, or equivalent brands) | 113 B/. (₨9,594) | ₨4,055 | + 137% | |
| 1 pair of men’s leather business shoes | 175 B/. (₨14,815) | ₨2,866 | + 417% | |
| Transportation | + 23% | |||
| Transportation in Panama is 23% more expensive than in India | ||||
| Panama | India | Diff | ||
| Volkswagen golf 1.4 tsi 150 cv (or equivalent), with no extras, new | 26,529 B/. (₨2,245,969) | ₨1,974,040 | + 14% | |
| 1 liter (1/4 gallon) of gas | 1.00 B/. (₨85) | ₨102 | - 17% | |
| Monthly ticket public transport | 26 B/. (₨2,228) | ₨1,342 | + 66% | |
| Personal Care | + 226% | |||
| Personal Care in Panama is 226% more expensive than in India | ||||
| Panama | India | Diff | ||
| Cold medicine for 6 days (tylenol, frenadol, coldrex, or equivalent brands) | 10 B/. (₨838) | ₨102 | + 722% | |
| 1 box of antibiotics (12 doses) | 20 B/. (₨1,693) | ₨266 | + 536% | |
| Short visit to private doctor (15 minutes) | 65 B/. (₨5,510) | ₨1,122 | + 391% | |
| 1 box of 32 tampons (tampax, ob, ...) | 8 B/. (₨677) | ₨364 | + 86% | |
| Deodorant, roll-on (50ml ~ 1.5 oz.) | 7 B/. (₨631) | ₨236 | + 167% | |
| Hair shampoo 2-in-1 (400 ml ~ 12 oz.) | 9 B/. (₨739) | ₨277 | + 167% | |
| 4 rolls of toilet paper | 3.25 B/. (₨275) | ₨183 | + 50% | |
| Tube of toothpaste | 3.70 B/. (₨313) | ₨85 | + 268% | |
| Standard men's haircut in expat area of the city | 15 B/. (₨1,231) | ₨311 | + 296% | |
| Entertainment | + 142% | |||
| Entertainment in Panama is 142% more expensive than in India | ||||
| Panama | India | Diff | ||
| Basic dinner out for two in neighborhood pub | 37 B/. (₨3,153) | ₨1,587 | + 99% | |
| 2 tickets to the movies | 13 B/. (₨1,059) | ₨660 | + 60% | |
| 2 tickets to the theater (best available seats) | 30 B/. (₨2,540) | ₨1,730 | + 47% | |
| Dinner for two at an italian restaurant in the expat area including appetisers, main course, wine and dessert | 81 B/. (₨6,819) | ₨2,207 | + 209% | |
| 1 cocktail drink in downtown club | 14 B/. (₨1,188) | ₨578 | + 106% | |
| Cappuccino in expat area of the city | 5.00 B/. (₨423) | ₨205 | + 107% | |
| 1 beer in neighbourhood pub (500ml or 1pt.) | 6 B/. (₨520) | ₨197 | + 163% | |
| Ipad wi-fi 128gb | 400 B/. (₨33,864) | ₨46,790 | - 28% | |
| 1 min. of prepaid mobile tariff (no discounts or plans) | 0.50 B/. (₨42) | ₨9 | + 349% | |
| 1 month of gym membership in business district | 64 B/. (₨5,434) | ₨1,682 | + 223% | |
| 1 package of marlboro cigarettes | 8 B/. (₨642) | ₨297 | + 116% | |
| TOTAL | + 105% | |||
These prices were last updated on December 05, 2024.
Exchange rate:
84.661
INR
/
PAB
This comparison is based on abundant and consistent data. It is based on 5,959 prices entered by 808 different people.
Cost of living in Panama is 105% more expensive than in India
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