Cost of living in Panama compared to India
Currency:
| Food | + 95% | |||
|---|---|---|---|---|
| Food in Panama is 95% more expensive than in India | ||||
| Basic lunchtime menu (including a drink) in the business district | 13 B/. (₨963) | ₨378 | + 155% | |
| Combo meal in fast food restaurant (big mac meal or similar) | 7 B/. (₨510) | ₨294 | + 74% | |
| 500 gr (1 lb.) of boneless chicken breast | 2.96 B/. (₨221) | ₨141 | + 56% | |
| 1 liter (1 qt.) of whole fat milk | 1.40 B/. (₨104) | ₨52 | + 98% | |
| 12 eggs, large | 2.82 B/. (₨210) | ₨76 | + 178% | |
| 1 kg (2 lb.) of tomatoes | 2.47 B/. (₨184) | ₨37 | + 395% | |
| 500 gr (16 oz.) of local cheese | 5.52 B/. (₨412) | ₨231 | + 78% | |
| 1 kg (2 lb.) of apples | 2.42 B/. (₨180) | ₨145 | + 24% | |
| 1 kg (2 lb.) of potatoes | 2.06 B/. (₨154) | ₨32 | + 385% | |
| 0.5 l (16 oz) domestic beer in the supermarket | 1.02 B/. (₨76) | ₨137 | - 45% | |
| 1 bottle of red table wine, good quality | 10 B/. (₨769) | ₨739 | + 4% | |
| 2 liters of coca-cola | 2.20 B/. (₨164) | ₨86 | + 92% | |
| Bread for 2 people for 1 day | 1.60 B/. (₨119) | ₨35 | + 241% | |
| Housing | + 190% | |||
| Housing in Panama is 190% more expensive than in India | ||||
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in expensive area | 1,397 B/. (₨104,123) | ₨33,656 | + 209% | |
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in normal area | 910 B/. (₨67,797) | ₨20,448 | + 232% | |
| Utilities 1 month (heating, electricity, gas ...) for 2 people in 85m2 flat | 105 B/. (₨7,848) | ₨4,358 | + 80% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in expensive area | 858 B/. (₨63,971) | ₨18,324 | + 249% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in normal area | 570 B/. (₨42,515) | ₨11,785 | + 261% | |
| Utilities 1 month (heating, electricity, gas ...) for 1 person in 45 m2 (480 sqft) studio | 71 B/. (₨5,284) | ₨3,142 | + 68% | |
| Internet 8 mbps (1 month) | 41 B/. (₨3,086) | ₨704 | + 338% | |
| 40” flat screen tv | 360 B/. (₨26,829) | ₨29,665 | - 10% | |
| Microwave 800/900 watt (bosch, panasonic, lg, sharp, or equivalent brands) | 113 B/. (₨8,407) | ₨10,607 | - 21% | |
| Laundry detergent (3 l. ~ 100 oz.) | 6 B/. (₨460) | ₨414 | + 11% | |
| Hourly rate for cleaning help | 8 B/. (₨586) | ₨214 | + 174% | |
| Clothes | + 33% | |||
| Clothes in Panama is 33% more expensive than in India | ||||
| 1 pair of jeans (levis 501 or similar) | 43 B/. (₨3,235) | ₨2,363 | + 37% | |
| 1 summer dress in a high street store (zara, h&m or similar retailers) | 40 B/. (₨2,974) | ₨2,496 | + 19% | |
| 1 pair of sport shoes (nike, adidas, or equivalent brands) | 75 B/. (₨5,554) | ₨3,665 | + 52% | |
| 1 pair of men’s leather business shoes | 89 B/. (₨6,671) | ₨2,716 | + 146% | |
| Transportation | + 64% | |||
| Transportation in Panama is 64% more expensive than in India | ||||
| Volkswagen golf 1.4 tsi 150 cv (or equivalent), with no extras, new | 20,263 B/. (₨1,510,404) | ₨932,523 | + 62% | |
| 1 liter (1/4 gallon) of gas | 0.70 B/. (₨52) | ₨82 | - 36% | |
| Monthly ticket public transport | 44 B/. (₨3,259) | ₨1,165 | + 180% | |
| Personal Care | + 160% | |||
| Personal Care in Panama is 160% more expensive than in India | ||||
| Cold medicine for 6 days (tylenol, frenadol, coldrex, or equivalent brands) | 8 B/. (₨564) | ₨100 | + 464% | |
| 1 box of antibiotics (12 doses) | 20 B/. (₨1,484) | ₨204 | + 627% | |
| Short visit to private doctor (15 minutes) | 40 B/. (₨2,984) | ₨635 | + 370% | |
| 1 box of 32 tampons (tampax, ob, ...) | 4.21 B/. (₨314) | ₨319 | - 2% | |
| Deodorant, roll-on (50ml ~ 1.5 oz.) | 3.91 B/. (₨291) | ₨169 | + 73% | |
| Hair shampoo 2-in-1 (400 ml ~ 12 oz.) | 7 B/. (₨497) | ₨257 | + 94% | |
| 4 rolls of toilet paper | 3.05 B/. (₨228) | ₨144 | + 58% | |
| Tube of toothpaste | 2.58 B/. (₨192) | ₨72 | + 169% | |
| Standard men's haircut in expat area of the city | 16 B/. (₨1,201) | ₨234 | + 413% | |
| Entertainment | + 97% | |||
| Entertainment in Panama is 97% more expensive than in India | ||||
| Basic dinner out for two in neighborhood pub | 31 B/. (₨2,320) | ₨1,203 | + 93% | |
| 2 tickets to the movies | 12 B/. (₨900) | ₨478 | + 88% | |
| 2 tickets to the theater (best available seats) | 39 B/. (₨2,919) | ₨1,603 | + 82% | |
| Dinner for two at an italian restaurant in the expat area including appetisers, main course, wine and dessert | 52 B/. (₨3,899) | ₨1,529 | + 155% | |
| 1 cocktail drink in downtown club | 9 B/. (₨705) | ₨509 | + 38% | |
| Cappuccino in expat area of the city | 4.88 B/. (₨364) | ₨181 | + 101% | |
| 1 beer in neighbourhood pub (500ml or 1pt.) | 3.49 B/. (₨260) | ₨188 | + 38% | |
| Ipad wi-fi 128gb | 525 B/. (₨39,170) | ₨37,663 | + 4% | |
| 1 min. of prepaid mobile tariff (no discounts or plans) | 0.34 B/. (₨25) | ₨4.97 | + 405% | |
| 1 month of gym membership in business district | 46 B/. (₨3,455) | ₨1,497 | + 131% | |
| 1 package of marlboro cigarettes | 5.14 B/. (₨383) | ₨269 | + 42% | |
| TOTAL | + 110% | |||
These prices were last updated on April 17, 2021.
Exchange rate:
74.539
INR
/
PAB
This comparison is based on abundant and consistent data. It is based on 10,662 prices entered by 1,977 different people.
Cost of living in Panama is 110% more expensive than in India
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