Mumbai vs Panama City - Cost of Living Comparison

Updated: March 01, 2024

	Mumbai	Panama City
🚶 Cost of living one person	$706	$1316
👨‍👩‍👧‍👦 Cost of living Family	$1886	$3171
🏠 One person rent	$401	$709
🏘️ Family rent	$1010	$1291
🍽️ Food expenses	$202	$426
🚐 Transport expenses	$53	$78
💳 Monthly salary after tax	$836	$901
😷 Air quality	Bad	Moderate
✈️ Airport proximity	14 km	7 km
🎓 Higher education	82	42
😀 Quality of life	65	67
🏙️ Population	15.4M	881K

The cost of living in Mumbai is 46% less expensive than in Panama City. Cities ranked 6763rd and 4138th ($706 vs $1316) in the list of the most expensive cities in the world and ranked 2nd and 1st in India and Panama, respectively. Check India vs Panama comparison.

The average after-tax salary is enough to cover living expenses for 1.2 months in Mumbai compared to 0.7 months in Panama City. Mumbai ranked 5th best city to live in India vs Panama City ranked 1st in Panama, while ranked 4571st and 3926th among best cities to live in the world.

Salary adjustment calculator
the estimated difference in money purchasing power

Cost of living in Mumbai vs Panama City infographic

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Prices in Mumbai vs Panama City

Prices for goods and services in Mumbai and Panama City are partly crowdsourced by our visitors, just like yourself. Please consider telling us about your city.

	Mumbai	Panama City
Eating Out
🍱 Lunch Menu	$4.62	$11.5
🥂 Dinner in a Restaurant, for 2	$17.6	$51.8
🥪 Fast food meal, equiv. McDonald's	$4.74	$7.97
🍻 Beer in a Pub, 0.5 L or 16 fl oz	$3.2	$2.6
☕ Cappuccino	$2.73	$4.35
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz	$0.5	$1.75
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2	$549	$836
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2	$300	$520
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2	$1624	$1703
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2	$763	$980
🔌 Utility Bill one person, electricity, heating, water, etc.	$42.5	$78.2
🔌 Utility Bill for a Family, electricity, heating, water, etc.	$66.3	$119
🌐 Internet plan, 50 Mbps+ 1 month unlimited	$9.02	$47.6
🏦 Mortgage Interest Rate for 20 Years	8.86%	5.97%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2	$8282	$2399
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2	$4116	$1457
Transportation
🚌 Local transport ticket	$0.24	$0.35
🎟️ Monthly ticket local transport	$4.59	$25.9
🚕 Taxi Ride, 8 km or 5 mi	$3.15	$12
⛽ Gas / Petrol, 1 L or 0.26 gal	$1.29	$1.06
Groceries
🥛 Milk, 1 L or 1 qt	$0.8	$1.76
🍞 Bread, 0.5 kg or 1.1 lb	$0.57	$2.11
🍚 Rice, 1 kg or 2.2 lb	$0.77	$1.71
🥚 Eggs, x12	$1.07	$2.63
🧀 Cheese, 1 kg or 2.2 lb	$6.66	$11.9
🐔 Chicken Breast, 1 kg or 2.2 lb	$4.19	$7.45
🥩 Round Steak, 1 kg or 2.2 lb	$5.2	$8.87
🍏 Apples, 1 kg or 2.2 lb	$2.37	$2.91
🍌 Banana, 1 kg or 2.2 lb	$0.78	$1.37
🍊 Oranges, 1 kg or 2.2 lb	$1.2	$2.8
🍅 Tomato, 1 kg or 2.2 lb	$0.62	$2.81
🥔 Potato, 1 kg or 2.2 lb	$0.43	$2.1
🧅 Onion, 1 kg or 2.2 lb	$0.45	$2.02
🌊 Water, 1 L or 1 qt	$0.24	$0.98
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz	$0.99	$2.59
🍾 Wine (mid-priced), 750 mL bottle	$10.5	$9.98
🍺 Beer, 0.5 L or 16 fl oz	$2.09	$1.14
🚬 Cigarette pack	$4.17	$5.88
💊 Cold medicince, 1 week	$1.67	$9.43
🧴 Hair Shampoo	$3.81	$7.05
🧻 Toilet paper, 4 rolls	$2.58	$3.43
👄 Toothpaste, 1 tube	$1.3	$3.7
Other
🏋️ Gym Membership, 1 month	$25.8	$42
🎫 Cinema Ticket, 1 person	$4.56	$6.85
👩‍⚕️ Doctor's visit	$11.1	$48.6
💇 Haircut, simple	$3.05	$13.5
👖 Brand Jeans	$28.5	$54.3
👟 Brand Sneakers	$62.4	$86.9
👶 Daycare or Preschool, 1 month	$115	$408
🏫 International Primary School, 1 year	$2517	$9581

Cost of living in other countries

Cost of living

Cost of Living in the nearest cities

Cities near Mumbai

Distance	City	Cost of living
20 km or 12 mi	Navi Mumbai	$457
27 km or 17 mi	Thane	$482
44 km or 28 mi	Bhiwandi	$368
46 km or 28 mi	Kalyan	$391
56 km or 35 mi	Vasai	$315
119 km or 74 mi	Pune	$510
152 km or 94 mi	Nashik	$377
187 km or 116 mi	Satara	$400
221 km or 137 mi	Navsari	$301
245 km or 152 mi	Surat	$809
252 km or 156 mi	Malegaon	$345
280 km or 174 mi	Aurangabad	$379
292 km or 182 mi	Kolhapur	$352
297 km or 184 mi	Sangli	$359
306 km or 190 mi	Ichalkaranji	$352
320 km or 199 mi	Bhavnagar	$296
355 km or 221 mi	Solapur	$345
365 km or 227 mi	Jalgaon	$359
373 km or 232 mi	Vadodara	$399
387 km or 240 mi	Bijapur	$361
387 km or 241 mi	Belgaum	$497
400 km or 249 mi	Latur	$431
402 km or 250 mi	Panjim	$376
409 km or 254 mi	Mormugao	$508
415 km or 258 mi	Nadiad	$396
427 km or 265 mi	Rajkot	$353
428 km or 266 mi	Margao	$433
432 km or 268 mi	Godhra	$385
449 km or 279 mi	Porbandar	$358
453 km or 281 mi	Ahmedabad	$505
457 km or 284 mi	Hubli	$361
460 km or 286 mi	Gulbarga	$250
473 km or 294 mi	Gandhinagar	$339
473 km or 294 mi	Nanded	$342
478 km or 297 mi	Akola	$375
517 km or 321 mi	Mehsana	$377
522 km or 324 mi	Indore	$390
536 km or 333 mi	Ratlam	$323
555 km or 345 mi	Nizamabad	$360
558 km or 347 mi	Amravati	$325

Cities near Panama City

Distance	City	Cost of living
8.1 km or 5 mi	Balboa	$1189
16 km or 9.9 mi	Tocumen	$1171
26 km or 16 mi	Pacora	$1182
34 km or 21 mi	La Chorrera	$917
59 km or 37 mi	Colon	$1157
108 km or 67 mi	Penonome	$940
154 km or 96 mi	Chitre	$980
190 km or 118 mi	Santiago de Veraguas	$961
321 km or 199 mi	Turbo	$624
329 km or 204 mi	David	$789
398 km or 247 mi	Monteria	$633
403 km or 250 mi	Limon	$1147
406 km or 252 mi	Santa Cruz de Lorica	$573
452 km or 281 mi	Sincelejo	$536
463 km or 288 mi	Cartagena	$877
483 km or 300 mi	Quibdo	$649
494 km or 307 mi	Cartago	$1009
513 km or 319 mi	San Jose	$1169
518 km or 322 mi	Heredia	$1040
521 km or 324 mi	Magangue	$582
526 km or 327 mi	Bello	$778
529 km or 329 mi	Alajuela	$1163
530 km or 329 mi	Medellin	$867
534 km or 332 mi	Envigado	$812
558 km or 347 mi	Soledad	$851
559 km or 348 mi	Barranquilla	$780
595 km or 370 mi	Puntarenas	$1024
617 km or 383 mi	Cartago	$639
617 km or 383 mi	Cienaga	$661
623 km or 387 mi	Manizales	$727
627 km or 390 mi	Santa Teresa	$1114
627 km or 390 mi	Pereira	$639
631 km or 392 mi	Santa Marta	$705
632 km or 393 mi	Buenaventura	$552
636 km or 395 mi	Minca	$655
651 km or 404 mi	Salento	$567
652 km or 405 mi	Armenia	$551
657 km or 408 mi	Tulua	$493
658 km or 409 mi	Barrancabermeja	$592
675 km or 419 mi	Liberia	$1220