Cost of living in Panama compared to India
Currency:
| Food | + 89% | |||
|---|---|---|---|---|
| Food in Panama is 89% more expensive than in India | ||||
| Basic lunchtime menu (including a drink) in the business district | 12 B/. (₨842) | ₨370 | + 128% | |
| Combo meal in fast food restaurant (big mac meal or similar) | 7 B/. (₨500) | ₨294 | + 70% | |
| 500 gr (1 lb.) of boneless chicken breast | 2.65 B/. (₨194) | ₨143 | + 36% | |
| 1 liter (1 qt.) of whole fat milk | 1.40 B/. (₨103) | ₨52 | + 96% | |
| 12 eggs, large | 2.77 B/. (₨203) | ₨73 | + 176% | |
| 1 kg (2 lb.) of tomatoes | 2.60 B/. (₨190) | ₨36 | + 426% | |
| 500 gr (16 oz.) of local cheese | 5.99 B/. (₨438) | ₨227 | + 93% | |
| 1 kg (2 lb.) of apples | 2.92 B/. (₨214) | ₨140 | + 53% | |
| 1 kg (2 lb.) of potatoes | 2.03 B/. (₨149) | ₨31 | + 380% | |
| 0.5 l (16 oz) domestic beer in the supermarket | 0.99 B/. (₨72) | ₨132 | - 45% | |
| 1 bottle of red table wine, good quality | 10 B/. (₨707) | ₨772 | - 8% | |
| 2 liters of coca-cola | 2.20 B/. (₨161) | ₨85 | + 88% | |
| Bread for 2 people for 1 day | 1.64 B/. (₨120) | ₨36 | + 234% | |
| Housing | + 178% | |||
| Housing in Panama is 178% more expensive than in India | ||||
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in expensive area | 1,350 B/. (₨98,849) | ₨33,366 | + 196% | |
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in normal area | 919 B/. (₨67,260) | ₨19,918 | + 238% | |
| Utilities 1 month (heating, electricity, gas ...) for 2 people in 85m2 flat | 108 B/. (₨7,902) | ₨4,363 | + 81% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in expensive area | 877 B/. (₨64,236) | ₨19,036 | + 237% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in normal area | 532 B/. (₨38,958) | ₨12,499 | + 212% | |
| Utilities 1 month (heating, electricity, gas ...) for 1 person in 45 m2 (480 sqft) studio | 79 B/. (₨5,797) | ₨3,334 | + 74% | |
| Internet 8 mbps (1 month) | 40 B/. (₨2,935) | ₨676 | + 334% | |
| 40” flat screen tv | 355 B/. (₨25,977) | ₨29,555 | - 12% | |
| Microwave 800/900 watt (bosch, panasonic, lg, sharp, or equivalent brands) | 108 B/. (₨7,880) | ₨10,444 | - 25% | |
| Laundry detergent (3 l. ~ 100 oz.) | 8 B/. (₨554) | ₨411 | + 35% | |
| Hourly rate for cleaning help | 5.47 B/. (₨400) | ₨211 | + 90% | |
| Clothes | + 21% | |||
| Clothes in Panama is 21% more expensive than in India | ||||
| 1 pair of jeans (levis 501 or similar) | 44 B/. (₨3,238) | ₨2,314 | + 40% | |
| 1 summer dress in a high street store (zara, h&m or similar retailers) | 38 B/. (₨2,760) | ₨2,579 | + 7% | |
| 1 pair of sport shoes (nike, adidas, or equivalent brands) | 68 B/. (₨4,970) | ₨3,601 | + 38% | |
| 1 pair of men’s leather business shoes | 78 B/. (₨5,695) | ₨2,719 | + 109% | |
| Transportation | + 65% | |||
| Transportation in Panama is 65% more expensive than in India | ||||
| Volkswagen golf 1.4 tsi 150 cv (or equivalent), with no extras, new | 20,866 B/. (₨1,527,675) | ₨918,724 | + 66% | |
| 1 liter (1/4 gallon) of gas | 0.70 B/. (₨51) | ₨80 | - 36% | |
| Monthly ticket public transport | 44 B/. (₨3,201) | ₨1,164 | + 175% | |
| Personal Care | + 146% | |||
| Personal Care in Panama is 146% more expensive than in India | ||||
| Cold medicine for 6 days (tylenol, frenadol, coldrex, or equivalent brands) | 11 B/. (₨826) | ₨100 | + 723% | |
| 1 box of antibiotics (12 doses) | 19 B/. (₨1,417) | ₨212 | + 567% | |
| Short visit to private doctor (15 minutes) | 37 B/. (₨2,674) | ₨624 | + 328% | |
| 1 box of 32 tampons (tampax, ob, ...) | 3.83 B/. (₨280) | ₨316 | - 11% | |
| Deodorant, roll-on (50ml ~ 1.5 oz.) | 3.02 B/. (₨221) | ₨161 | + 37% | |
| Hair shampoo 2-in-1 (400 ml ~ 12 oz.) | 5.59 B/. (₨410) | ₨254 | + 61% | |
| 4 rolls of toilet paper | 2.62 B/. (₨192) | ₨140 | + 37% | |
| Tube of toothpaste | 2.90 B/. (₨212) | ₨68 | + 210% | |
| Standard men's haircut in expat area of the city | 14 B/. (₨1,049) | ₨239 | + 339% | |
| Entertainment | + 92% | |||
| Entertainment in Panama is 92% more expensive than in India | ||||
| Basic dinner out for two in neighborhood pub | 30 B/. (₨2,172) | ₨1,175 | + 85% | |
| 2 tickets to the movies | 12 B/. (₨863) | ₨473 | + 82% | |
| 2 tickets to the theater (best available seats) | 39 B/. (₨2,843) | ₨1,631 | + 74% | |
| Dinner for two at an italian restaurant in the expat area including appetisers, main course, wine and dessert | 54 B/. (₨3,945) | ₨1,624 | + 143% | |
| 1 cocktail drink in downtown club | 9 B/. (₨658) | ₨568 | + 16% | |
| Cappuccino in expat area of the city | 4.62 B/. (₨338) | ₨193 | + 75% | |
| 1 beer in neighbourhood pub (500ml or 1pt.) | 3.92 B/. (₨287) | ₨190 | + 51% | |
| Ipad wi-fi 128gb | 537 B/. (₨39,340) | ₨36,202 | + 9% | |
| 1 min. of prepaid mobile tariff (no discounts or plans) | 0.34 B/. (₨25) | ₨5.27 | + 367% | |
| 1 month of gym membership in business district | 46 B/. (₨3,380) | ₨1,574 | + 115% | |
| 1 package of marlboro cigarettes | 5.35 B/. (₨392) | ₨271 | + 45% | |
| TOTAL | + 104% | |||
These prices were last updated on March 08, 2021.
Exchange rate:
73.215
INR
/
PAB
This comparison is based on abundant and consistent data. It is based on 11,452 prices entered by 2,140 different people.
Cost of living in Panama is 104% more expensive than in India
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