India vs Panama - Cost of Living Comparison

Updated:

Livingcost

India Panama
🚶 Cost of living one person
$441
$1198
👨‍👩‍👧‍👦 Cost of living Family
$1116
$2872
🏠 One person rent
$182
$624
🏘️ Family rent
$379
$1080
🍽️ Food expenses
$169
$416
🚐 Transport expenses
$48.8
$61.7
💳 Monthly salary after tax
$677
$895
💸 GDP per capita
$2411
$17358
😃 Human freedom index
6.29
7.57
❤️ Life expectancy
67.2
76.2
👮 Corruption perceptions index
39
35
🌐 English speaking %
10.6%
14%
🎓 Higher education
74
46
😀 Quality of life
44
56
🏙️ Population
1.33B
4.1M

The average cost of living in India ($441) is 63% less expensive than in Panama ($1198). India ranked 191st vs 53rd for Panama in the list of the most expensive countries in the world.

The average after-tax salary is enough to cover living expenses for 1.5 months in India compared to 0.7 months in Panama. Ranked 109th and 71st best countries to live in the world.

Salary adjustment calculator
the estimated difference in money purchasing power

Cost of living in India vs Panama infographic

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Prices in India vs Panama

We calculate prices for India and Panama as a population-weighted mean of 220 and 10 cities, respectively. Since large cities tend to have a higher cost of living, it's better to visit specific city pages below for more relevant information.

India Panama
Eating Out
🍱 Lunch Menu
$3.03
$9.95
🥂 Dinner in a Restaurant, for 2
$14.1
$48.7
🥪 Fast food meal, equiv. McDonald's
$4.2
$7.78
🍻 Beer in a Pub, 0.5 L or 16 fl oz
$2.22
$2.46
 Cappuccino
$1.93
$3.95
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz
$0.44
$1.75
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2
$202
$712
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2
$133
$447
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2
$512
$1430
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2
$288
$794
🔌 Utility Bill one person, electricity, heating, water, etc.
$29
$78.8
🔌 Utility Bill for a Family, electricity, heating, water, etc.
$44.5
$121
🌐 Internet plan, 50 Mbps+ 1 month unlimited
$8.56
$47.1
🏦 Mortgage Interest Rate for 20 Years
8.89%
6.05%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2
$2187
$2303
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2
$1082
$1386
Transportation
🚌 Local transport ticket
$0.43
$0.4
🎟️ Monthly ticket local transport
$11.4
$28.6
🚕 Taxi Ride, 8 km or 5 mi
$3.22
$13
 Gas / Petrol, 1 L or 0.26 gal
$1.23
$1.08
Groceries
🥛 Milk, 1 L or 1 qt
$0.7
$1.73
🍞 Bread, 0.5 kg or 1.1 lb
$0.49
$2.21
🍚 Rice, 1 kg or 2.2 lb
$0.67
$1.93
🥚 Eggs, x12
$0.97
$2.59
🧀 Cheese, 1 kg or 2.2 lb
$5.62
$11.1
🐔 Chicken Breast, 1 kg or 2.2 lb
$3.41
$7.31
🥩 Round Steak, 1 kg or 2.2 lb
$5.95
$8.61
🍏 Apples, 1 kg or 2.2 lb
$2
$3.02
🍌 Banana, 1 kg or 2.2 lb
$0.72
$1.36
🍊 Oranges, 1 kg or 2.2 lb
$1.1
$2.82
🍅 Tomato, 1 kg or 2.2 lb
$0.55
$2.86
🥔 Potato, 1 kg or 2.2 lb
$0.36
$2.14
🧅 Onion, 1 kg or 2.2 lb
$0.4
$2.02
🌊 Water, 1 L or 1 qt
$0.23
$0.96
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz
$1.02
$2.52
🍾 Wine (mid-priced), 750 mL bottle
$8.98
$9.18
🍺 Beer, 0.5 L or 16 fl oz
$1.94
$1.14
🚬 Cigarette pack
$3.8
$6.14
💊 Cold medicince, 1 week
$1.97
$11.2
🧴 Hair Shampoo
$2.95
$6.03
🧻 Toilet paper, 4 rolls
$1.71
$3.11
👄 Toothpaste, 1 tube
$0.92
$3.07
Other
🏋️ Gym Membership, 1 month
$18
$38.1
🎫 Cinema Ticket, 1 person
$3.73
$6.71
👩‍⚕️ Doctor's visit
$12.3
$45.4
💇 Haircut, simple
$2.92
$11.5
👖 Brand Jeans
$27.2
$53.7
👟 Brand Sneakers
$46.8
$81.7
👶 Daycare or Preschool, 1 month
$74
$408
🏫 International Primary School, 1 year
$2011
$9399

Cost of living in other countries

Cost of living

Cities Comparison in India vs Panama

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Cost of Living in Popular cities

In India

City Cost of living Population
Delhi
$484
26.5M
Bangalore
$585
12.3M
Mumbai
$706
15.4M
Chennai
$434
10.3M
Hyderabad
$470
9.31M
Pune
$510
5.95M
Ahmedabad
$505
7.65M
Surat
$809
5.94M
Kolkata
$399
4.5M
Lucknow
$374
3.38M
Jaipur
$392
3.07M
Kanpur
$301
3.81M
Visakhapatnam
$422
2.04M
Thane
$482
1.89M
Nagpur
$409
2.41M
Mirzapur
$363
2.5M
Ghaziabad
$423
2.38M
Kalyan
$391
1.25M
Gurgaon
$522
877K
Navi Mumbai
$457
1.12M
Indore
$390
1.99M
Vadodara
$399
2.07M
Mysore
$321
1.26M
Jamshedpur
$328
1.56M
Agra
$361
1.59M
Madurai
$309
1.56M
Nashik
$377
1.49M
Bhopal
$334
1.8M
Meerut
$362
1.31M
Bilaspur
$354
1.63M

In Panama

City Cost of living Population
Panama City
$1316
881K
Colon
$1157
242K
Tocumen
$1171
103K
Santiago de Veraguas
$961
89K
David
$789
82.9K
La Chorrera
$917
68.9K
Balboa
$1189
62.9K
Pacora
$1182
52.5K
Chitre
$980
46.2K
Penonome
$940
21.7K