Mumbai vs Panama City
Home Price & Cost of Living Comparison
Live DataLast updated: March 31, 2026·Source: OECD, Numbeo & National Statistics
💡 Why it matters: Mumbai vs Panama City
Panama City is 28% more affordable for homebuyers. Mumbai has a price-to-income ratio of 22.8x compared to 7.5x in Panama City.
| Metric | Mumbai | Panama City |
|---|---|---|
| Avg Home Price | $250,000 | $180,000 |
| Price / sqm | $6,500 | $2,500 |
| Rent (1BR) | $600/mo | $800/mo |
| Rent (3BR) | $1,200/mo | $1,400/mo |
| Price-to-Income | 22.8x | 7.5x |
| Mortgage Rate | 8.5% | 6.5% |
| 1yr Change | +3.8% | +2.5% |
| Median Income | $11,000/yr | $24,000/yr |
| Population | 21,000,000 | 880,000 |
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HomePricePeek Research TeamData Specialists
Our team analyzes data from OECD, Numbeo & National Statistics to deliver accurate, up-to-date information. All data is verified and cross-referenced with official sources.
✓ OECD, Numbeo & National Statistics✓ Updated 2025
Frequently Asked Questions
Is Mumbai or Panama City more expensive?
Panama City is more affordable. Home prices differ by $70,000 (28%).
Which city has cheaper rent, Mumbai or Panama City?
Rent for a 1BR in Mumbai is $600/mo vs $800/mo in Panama City.
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