Compare Countries

India vs Panama

Single · Comfortable · $3,000/mo

IndiaOverall winner

Panama is approximately 2.6x more expensive than India based on cost of living including rent. This makes India a more budget-friendly option for expats considering a move.

India has a FIRE Score of 100/100, indicating its suitability for financial independence and early retirement.

The country's safety index is 55.8, suggesting moderate safety levels.

Recommended profile: India is ideal for GeoArbitragers and remote workers looking to maximize savings.

Side by side

Best in row

New Delhi

India

Increased Caution
Overall63.6

Panama City

Panama

Increased Caution
Overall54.8
Cost
Cost of living index
Best in row. 18.1
46.5
Living costs, single, excluding rent
Best in row. $296/mo
$781/mo
Living costs, family, excluding rent
Best in row. $1,059/mo
$2,855/mo
Total monthly, rent included
Best in row. $446/mo
$1,804/mo
Monthly savings
Best in row. $2,554/mo
$1,196/mo
Housing
1BR, city centre
Best in row. $151
$1,023
1BR, outside centre
Best in row. $95
$796
3BR, city centre
Best in row. $348
$1,863
3BR, outside centre
Best in row. $222
$1,397
Scores
FIRE score
Best in row. 100/100
58/100
Nomad score
68/100
Best in row. 71/100
Retiree score
Best in row. 64/100
57/100
Overall score
Best in row. 64/100
55/100
Rights & inclusion
Same-sex relations
Not criminalized
Not criminalized
LGBTQ+ legal protection score
Best in row. 62
47.4
Attitudes
Best in row. 53
34
Women's inclusion*
60.7
Best in row. 69.6
Tax
Ballpark effective rate on $80,000
18.0%
Best in row. 15.0%
Top income tax rate
30.0%
Best in row. 25.0%
Capital gains tax rate
12.5%
Best in row. 10.0%
Dividend tax rate
30.0%
Best in row. 10.0%
Safety & quality of life
Travel advisory
Increased Caution
Increased Caution
Safety index
55.8
Best in row. 57.6
Healthcare index
Best in row. 65.6
61.8
Quality of life index
-
-
Average internet speed
64 Mbps
Best in row. 233 Mbps

Country-level averages. N/A or Not enough data means no figure is published for that country. * Women's inclusion scores are unverified.

About these countries

About India

Skip this one if you need a straightforward retirement or nomad visa: neither exists, and PR/citizenship access is complex and difficult. Rent under $151/mo in city centers makes it a fit for budget-focused remote workers with existing income solutions who can tolerate medium expat safety and moderate political stability.

Frequently Asked Questions

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