Cost of living in Panaji
Panaji, the capital city of Goa, India, is known for its vibrant culture and scenic beauty. Understanding the cost of living in Panaji is crucial for anyone considering moving to or visiting this charming city.
This guide provides a detailed breakdown of the expenses you can expect, from dining and groceries to housing and transportation, helping you plan your budget effectively.
Cost of Living Summary
Dining and Restaurants
- Inexpensive Restaurant Meal - A meal at a casual restaurant will typically cost $2.37 on average, with a range between $1.78 and $3.79.
- Mid-Range Restaurant (Three-Course Meal for Two) - For a more upscale dining experience, expect to pay around $17.75, with prices ranging from $9.47 to $17.75.
- Fast Food (e.g., McDonald's) - A McMeal or equivalent combo meal averages $4.05, with a range between $3.31 and $4.14.
- Beverages (e.g., Domestic Beer, Imported Beer, Cappuccino, Coke/Pepsi) - Domestic beer ranges from $0.71 to $1.18, imported beer $1.78 to $2.37, cappuccino $0.71 to $2.37, and Coke/Pepsi $0.36 to $1.18.
Grocery Prices
- Milk - Milk is priced between $0.69 and $0.85 per liter, averaging $0.76.
- Bread (Loaf of Fresh White Bread) - A loaf of fresh white bread costs between $0.36 and $0.65, with an average price of $0.49.
- Eggs (Dozen) - A dozen eggs range from $0.57 to $1.14, averaging $1.
- Fruits (e.g., Apples, Oranges) - Apples cost $2.37 per kg, while oranges range from $0.95 to $1.42 per kg.
- Vegetables (e.g., Potatoes, Lettuce) - Potatoes are priced between $0.3 and $0.71 per kg, and lettuce costs $0.3 to $1.18 per head.
Transportation
- Public Transport (One-Way Ticket) - A one-way local transport ticket costs $0.18.
- Fuel (Gasoline) - Gasoline is priced between $1.14 and $1.23 per liter.
- Taxi Fares - Taxi fares start at $0.3, with a cost of $0.3 to $0.59 per km.
Housing Costs
- 1-Bedroom Apartment Rent (City Centre) - Rent for a 1-bedroom apartment in the city centre ranges from $177.54 to $236.72, averaging $197.26.
- 1-Bedroom Apartment Rent (Outside Centre) - Outside the centre, rent ranges from $118.36 to $213.04, averaging $149.92.
- 3-Bedroom Apartment Rent (City Centre) - Rent for a 3-bedroom apartment in the city centre ranges from $295.89 to $473.43, averaging $394.53.
- 3-Bedroom Apartment Rent (Outside Centre) - Outside the centre, rent ranges from $236.72 to $343.24, averaging $291.95.
- Buying Price per Square Meter (City Centre) - The price per square meter to buy an apartment in the city centre ranges from $650.97 to $1065.22, averaging $887.68.
- Buying Price per Square Meter (Outside Centre) - Outside the centre, the price per square meter ranges from $414.25 to $828.51, averaging $650.97.
Utilities
- Basic Utilities (Electricity, Heating, Water, etc.) - Basic utilities for an 85m2 apartment cost between $11.84 and $23.67, averaging $19.73.
- Internet - Internet services range from $7.1 to $11.84, with an average cost of $9.07.
Cost of Living Rankings
The cost of living indices for India are compared to New York City (NYC), which serves as the baseline with an index of 100. These provide insights into the relative cost of living in different cities in India, covering factors like consumer goods, rent, and purchasing power.
Cost of Living Data
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Salaries And Financing
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"Key Takeaways"
Panaji offers a relatively low cost of living compared to many other cities, making it an attractive option for both residents and visitors.
Dining out is affordable, with inexpensive meals and reasonable prices for mid-range dining.
Housing costs are quite low, especially when compared to global standards, with affordable options both in and outside the city centre.
Transportation is economical, with low costs for public transport and fuel.
Utilities and internet services are also reasonably priced, contributing to the overall affordability of living in Panaji.
Conclusion
In conclusion, Panaji presents a cost-effective living environment with affordable housing, dining, and transportation options.
This makes it an appealing destination for those looking to enjoy a high quality of life without the high expenses associated with larger metropolitan areas.