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 | 17 B/. (₨1,377) | ₨360 | + 282% | |
| Combo meal in fast food restaurant (big mac meal or similar) | 7 B/. (₨598) | ₨326 | + 84% | |
| 500 gr (1 lb.) of boneless chicken breast | 3.27 B/. (₨267) | ₨171 | + 56% | |
| 1 liter (1 qt.) of whole fat milk | 1.73 B/. (₨141) | ₨55 | + 158% | |
| 12 eggs, large | 2.82 B/. (₨230) | ₨87 | + 166% | |
| 1 kg (2 lb.) of tomatoes | 2.07 B/. (₨169) | ₨46 | + 267% | |
| 500 gr (16 oz.) of local cheese | 7 B/. (₨588) | ₨232 | + 153% | |
| 1 kg (2 lb.) of apples | 3.17 B/. (₨259) | ₨167 | + 55% | |
| 1 kg (2 lb.) of potatoes | 1.96 B/. (₨160) | ₨31 | + 417% | |
| 0.5 l (16 oz) domestic beer in the supermarket | 1.51 B/. (₨124) | ₨151 | - 18% | |
| 1 bottle of red table wine, good quality | 12 B/. (₨995) | ₨784 | + 27% | |
| 2 liters of coca-cola | 2.46 B/. (₨201) | ₨89 | + 126% | |
| Bread for 2 people for 1 day | 1.81 B/. (₨148) | ₨39 | + 280% | |
| Housing | + 139% | |||
| Housing in Panama is 139% more expensive than in India | ||||
| Panama | India | Diff | ||
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in expensive area | 1,314 B/. (₨107,319) | ₨49,818 | + 115% | |
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in normal area | 834 B/. (₨68,140) | ₨27,452 | + 148% | |
| Utilities 1 month (heating, electricity, gas ...) for 2 people in 85m2 flat | 101 B/. (₨8,255) | ₨5,476 | + 51% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in expensive area | 895 B/. (₨73,095) | ₨25,010 | + 192% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in normal area | 539 B/. (₨44,025) | ₨14,410 | + 206% | |
| Utilities 1 month (heating, electricity, gas ...) for 1 person in 45 m2 (480 sqft) studio | 78 B/. (₨6,396) | ₨5,222 | + 22% | |
| Internet 8 mbps (1 month) | 40 B/. (₨3,277) | ₨673 | + 387% | |
| 40” flat screen tv | 360 B/. (₨29,428) | ₨30,681 | - 4% | |
| Microwave 800/900 watt (bosch, panasonic, lg, sharp, or equivalent brands) | 106 B/. (₨8,679) | ₨12,420 | - 30% | |
| Laundry detergent (3 l. ~ 100 oz.) | 7 B/. (₨545) | ₨477 | + 14% | |
| Hourly rate for cleaning help | 15 B/. (₨1,241) | ₨640 | + 94% | |
| Clothes | + 31% | |||
| Clothes in Panama is 31% more expensive than in India | ||||
| Panama | India | Diff | ||
| 1 pair of jeans (levis 501 or similar) | 46 B/. (₨3,739) | ₨2,630 | + 42% | |
| 1 summer dress in a high street store (zara, h&m or similar retailers) | 32 B/. (₨2,630) | ₨2,446 | + 7% | |
| 1 pair of sport shoes (nike, adidas, or equivalent brands) | 80 B/. (₨6,515) | ₨4,169 | + 56% | |
| 1 pair of men’s leather business shoes | 83 B/. (₨6,822) | ₨3,085 | + 121% | |
| Transportation | + 87% | |||
| Transportation in Panama is 87% more expensive than in India | ||||
| Panama | India | Diff | ||
| Volkswagen golf 1.4 tsi 150 cv (or equivalent), with no extras, new | 22,433 B/. (₨1,832,862) | ₨1,033,900 | + 77% | |
| 1 liter (1/4 gallon) of gas | 1.27 B/. (₨104) | ₨107 | - 3% | |
| Monthly ticket public transport | 42 B/. (₨3,401) | ₨1,108 | + 207% | |
| Personal Care | + 252% | |||
| Personal Care in Panama is 252% more expensive than in India | ||||
| Panama | India | Diff | ||
| Cold medicine for 6 days (tylenol, frenadol, coldrex, or equivalent brands) | 8 B/. (₨665) | ₨125 | + 432% | |
| 1 box of antibiotics (12 doses) | 32 B/. (₨2,653) | ₨212 | + 1148% | |
| Short visit to private doctor (15 minutes) | 62 B/. (₨5,076) | ₨967 | + 425% | |
| 1 box of 32 tampons (tampax, ob, ...) | 9 B/. (₨726) | ₨363 | + 100% | |
| Deodorant, roll-on (50ml ~ 1.5 oz.) | 5.05 B/. (₨413) | ₨188 | + 120% | |
| Hair shampoo 2-in-1 (400 ml ~ 12 oz.) | 7 B/. (₨569) | ₨247 | + 130% | |
| 4 rolls of toilet paper | 3.17 B/. (₨259) | ₨170 | + 52% | |
| Tube of toothpaste | 3.38 B/. (₨276) | ₨86 | + 220% | |
| Standard men's haircut in expat area of the city | 18 B/. (₨1,447) | ₨358 | + 304% | |
| Entertainment | + 85% | |||
| Entertainment in Panama is 85% more expensive than in India | ||||
| Panama | India | Diff | ||
| Basic dinner out for two in neighborhood pub | 26 B/. (₨2,104) | ₨1,482 | + 42% | |
| 2 tickets to the movies | 13 B/. (₨1,023) | ₨664 | + 54% | |
| 2 tickets to the theater (best available seats) | 55 B/. (₨4,512) | ₨1,418 | + 218% | |
| Dinner for two at an italian restaurant in the expat area including appetisers, main course, wine and dessert | 43 B/. (₨3,475) | ₨1,731 | + 101% | |
| 1 cocktail drink in downtown club | 8 B/. (₨692) | ₨703 | - 2% | |
| Cappuccino in expat area of the city | 5.08 B/. (₨415) | ₨199 | + 109% | |
| 1 beer in neighbourhood pub (500ml or 1pt.) | 2.86 B/. (₨234) | ₨187 | + 25% | |
| Ipad wi-fi 128gb | 710 B/. (₨58,038) | ₨46,608 | + 25% | |
| 1 min. of prepaid mobile tariff (no discounts or plans) | 0.22 B/. (₨18) | ₨1.09 | + 1570% | |
| 1 month of gym membership in business district | 49 B/. (₨4,012) | ₨1,737 | + 131% | |
| 1 package of marlboro cigarettes | 5.11 B/. (₨417) | ₨235 | + 77% | |
| TOTAL | + 115% | |||
These prices were last updated on November 27, 2022.
Exchange rate:
81.704
INR
/
PAB
This comparison is based on abundant and consistent data. It is based on 7,873 prices entered by 1,077 different people.
Cost of living in Panama is 115% more expensive than in India
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