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Money magazine
Insurer of the
Year 2017-21

prices shown in
Panama City vs Mumbai
Pan vs Mum

Average net salary (After tax)

Mumbai
Panama City

Housing

  • Rent apartment
  • Buy apartment

Rent 1 bedroom apartment

Cost per month

In city centre
Mum
Pan
Outside city centre
Mum
Pan

Rent 3 bedroom apartment

Cost per month

In city centre
Mum
Pan
Outside city centre
Mum
Pan

Buy apartment

Price per m2

In city centre
Mum
Pan
Outside city centre
Mum
Pan

Mortgage rates

Mumbai
4.5%
Panama City
5.5%
Compare our
home insurance prices

Utilities

  • Basic Utilities
  • Internet & Phone

Basic utilities

Electricity, heating, water, Garbage for a 85m2 Apartment

Mumbai
Panama City

Internet

60 Mbps or more, unlimited data, Cable/ADSL

Mum
Pan

Mobile phone data

One-minute local prepaid call (no plan or discount)

Mum
Pan

Transport

  • Public Transport
  • Car

One-way ticket

Local transport

Mum
Pan

Monthly pass

Regular price

Mum
Pan

Fuel prices

Per Litre

Mumbai
Panama City

Buying a new car

Volkswagen Golf 1.4 90KW Trendline (Or equivalent)

Mum
Pan
Compare our
car insurance prices

Groceries

  • Staples
  • Meat
  • Produce
  • Cigarettes

Staples

Milk 1L
Mum
Pan
White bread 500g
Mum
Pan
Eggs 12
Mum
Pan
White rice 1kg
Mum
Pan

Pack of cigarettes

(Marlboro)

Mumbai
Panama City

Meat & cheese

Chicken breasts 1kg
Mum
Pan
Beef round 1kg
Mum
Pan
Local cheese 1kg
Mum
Pan

Vegetables

Potatoes 1kg
Mum
Pan
Lettuce 1 head
Mum
Pan
Tomatoes 1kg
Mum
Pan

Fruit

Apples 1kg
Mum
Pan
Oranges 1 head
Mum
Pan
Bananas 1kg
Mum
Pan

Eating Out

  • Food
  • Drinks

Meal for two

Inexpensive restaurant 2 meals
Mum $4,070.74/mth
Pan $4,070.74/mth
Mid-range restaurant Three-course meal for two people
Mum $4,070.74/mth
Pan $4,070.74/mth

Mcdonalds McMeal

Or equivalent combo meal

Mumbai
4.5%
Panama City
5.5%

Restaurant Prices in Mumbai are 17.14% higher than in Panama City

Drinks

Coke/Pepsi 0.33L
bottle
Mum $4,070.74/mth
Pan $4,070.74/mth
Water 0.33L
bottle
Mum $4,070.74/mth
Pan $4,070.74/mth
Cappuccino regular
Mum $4,070.74/mth
Pan $4,070.74/mth

Alcohol

  • Beer
  • Wine

Domestic beer

Restaurant 0.5L draught
Mum
Pan
Market 0.5L bottle
Mum
Pan

Imported beer

Restaurant 0.33L bottle
Mum
Pan
Market 0.33L bottle
Mum
Pan

Bottle of wine

Mid-range, from supermarket

Mumbai
5
Panama City

Clothing

  • Clothing
  • Shoes

Pair of jeans

Levis 501 or similar

Mum
Pan

Summer dress

From a chain store (e.g. Zara, H&M)

Mum
Pan

Shoes

1 pair Nike shoes
Mum
Pan
1 pair men's leather shoes
Mum
Pan

Leisure

  • Cinema
  • Sports

Cinema

One ticket for an international release

Mumbai
$15.33
Panama City
$11.43

Tennis court rental

One hour on weekend

Mum $4,070.74/mth
Pan $4,070.74/mth

Fitness club

Monthly fee for one adult

Mum $4,070.74/mth
Pan $4,070.74/mth