Cost of Living Comparison Between Mexico and Panama 
| Indices Difference |  |
|---|---|
| Cost of Living in Panama is 24.9% higher than in Mexico (without rent) | |
| Cost of Living Including Rent in Panama is 32.8% higher than in Mexico | |
| Rent Prices in Panama are 57.4% higher than in Mexico | |
| Restaurant Prices in Panama are 12.7% higher than in Mexico | |
| Groceries Prices in Panama are 27.2% higher than in Mexico | |
| Local Purchasing Power in Panama is 3.5% lower than in Mexico | |
Restaurants | Mexico Edit |
Panama Edit | Difference |
|---|---|---|---|
| Meal, Inexpensive Restaurant |
200.00 MXN (9.78 $) |
204.47 MXN (10.00 $) |
+2.2 % |
| Meal for 2 People, Mid-range Restaurant, Three-course |
800.00 MXN (39.12 $) |
1,022.37 MXN (50.00 $) |
+27.8 % |
| McMeal at McDonalds (or Equivalent Combo Meal) |
150.00 MXN (7.34 $) |
158.37 MXN (7.75 $) |
+5.6 % |
| Domestic Beer (1 pint draught) |
45.00 MXN (2.20 $) |
46.01 MXN (2.25 $) |
+2.2 % |
| Imported Beer (12 oz small bottle) |
80.00 MXN (3.91 $) |
73.85 MXN (3.61 $) |
-7.7 % |
| Cappuccino (regular) |
61.89 MXN (3.03 $) |
70.24 MXN (3.44 $) |
+13.5 % |
| Coke/Pepsi (12 oz small bottle) |
23.84 MXN (1.17 $) |
29.82 MXN (1.46 $) |
+25.1 % |
| Water (12 oz small bottle) |
17.52 MXN (0.86 $) |
25.72 MXN (1.26 $) |
+46.8 % |
Markets | Mexico Edit |
Panama Edit | |
| Milk (regular), (1 gallon) |
106.05 MXN (5.19 $) |
139.30 MXN (6.81 $) |
+31.4 % |
| Loaf of Fresh White Bread (1 lb) |
44.47 MXN (2.17 $) |
45.00 MXN (2.20 $) |
+1.2 % |
| Rice (white), (1 lb) |
14.83 MXN (0.73 $) |
22.77 MXN (1.11 $) |
+53.5 % |
| Eggs (regular) (12) |
45.55 MXN (2.23 $) |
53.65 MXN (2.62 $) |
+17.8 % |
| Local Cheese (1 lb) |
72.95 MXN (3.57 $) |
112.60 MXN (5.51 $) |
+54.4 % |
| Chicken Fillets (1 lb) |
65.57 MXN (3.21 $) |
67.58 MXN (3.31 $) |
+3.1 % |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) |
92.40 MXN (4.52 $) |
86.93 MXN (4.25 $) |
-5.9 % |
| Apples (1 lb) |
23.39 MXN (1.14 $) |
35.94 MXN (1.76 $) |
+53.7 % |
| Banana (1 lb) |
12.33 MXN (0.60 $) |
12.87 MXN (0.63 $) |
+4.4 % |
| Oranges (1 lb) |
15.72 MXN (0.77 $) |
26.17 MXN (1.28 $) |
+66.5 % |
| Tomato (1 lb) |
15.44 MXN (0.75 $) |
28.52 MXN (1.39 $) |
+84.8 % |
| Potato (1 lb) |
17.01 MXN (0.83 $) |
19.95 MXN (0.98 $) |
+17.3 % |
| Onion (1 lb) |
16.30 MXN (0.80 $) |
21.72 MXN (1.06 $) |
+33.3 % |
| Lettuce (1 head) |
24.15 MXN (1.18 $) |
43.10 MXN (2.11 $) |
+78.5 % |
| Water (1.5 liter bottle) |
18.85 MXN (0.92 $) |
31.52 MXN (1.54 $) |
+67.2 % |
| Bottle of Wine (Mid-Range) |
200.00 MXN (9.78 $) |
204.47 MXN (10.00 $) |
+2.2 % |
| Domestic Beer (0.5 liter bottle) |
29.71 MXN (1.45 $) |
24.89 MXN (1.22 $) |
-16.2 % |
| Imported Beer (12 oz small bottle) |
54.80 MXN (2.68 $) |
43.90 MXN (2.15 $) |
-19.9 % |
| Cigarettes 20 Pack (Marlboro) |
80.00 MXN (3.91 $) |
121.15 MXN (5.92 $) |
+51.4 % |
Transportation | Mexico Edit |
Panama Edit | |
| One-way Ticket (Local Transport) |
12.00 MXN (0.59 $) |
11.25 MXN (0.55 $) |
-6.3 % |
| Monthly Pass (Regular Price) |
500.00 MXN (24.45 $) |
511.18 MXN (25.00 $) |
+2.2 % |
| Taxi Start (Normal Tariff) |
50.00 MXN (2.45 $) |
40.89 MXN (2.00 $) |
-18.2 % |
| Taxi 1 mile (Normal Tariff) |
64.37 MXN (3.15 $) |
65.81 MXN (3.22 $) |
+2.2 % |
| Taxi 1hour Waiting (Normal Tariff) |
200.00 MXN (9.78 $) |
429.40 MXN (21.00 $) |
+114.7 % |
| Gasoline (1 gallon) |
92.36 MXN (4.52 $) |
72.31 MXN (3.54 $) |
-21.7 % |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) |
400,000.00 MXN (19,562.39 $) |
408,948.00 MXN (20,000.00 $) |
+2.2 % |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) |
433,782.40 MXN (21,214.55 $) |
458,286.83 MXN (22,412.96 $) |
+5.6 % |
Utilities (Monthly) | Mexico Edit |
Panama Edit | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment |
1,207.54 MXN (59.06 $) |
2,168.79 MXN (106.07 $) |
+79.6 % |
| Mobile Phone Monthly Plan with Calls and 10GB+ Data |
442.07 MXN (21.62 $) |
600.16 MXN (29.35 $) |
+35.8 % |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) |
536.59 MXN (26.24 $) |
995.74 MXN (48.70 $) |
+85.6 % |
Sports And Leisure | Mexico Edit |
Panama Edit | |
| Fitness Club, Monthly Fee for 1 Adult |
656.44 MXN (32.10 $) |
1,059.91 MXN (51.84 $) |
+61.5 % |
| Tennis Court Rent (1 Hour on Weekend) |
346.43 MXN (16.94 $) |
754.00 MXN (36.88 $) |
+117.6 % |
| Cinema, International Release, 1 Seat |
90.00 MXN (4.40 $) |
143.13 MXN (7.00 $) |
+59.0 % |
Childcare | Mexico Edit |
Panama Edit | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child |
4,576.42 MXN (223.81 $) |
9,133.17 MXN (446.67 $) |
+99.6 % |
| International Primary School, Yearly for 1 Child |
102,600.65 MXN (5,017.78 $) |
205,737.19 MXN (10,061.78 $) |
+100.5 % |
Clothing And Shoes | Mexico Edit |
Panama Edit | |
| 1 Pair of Jeans (Levis 501 Or Similar) |
1,011.11 MXN (49.45 $) |
986.93 MXN (48.27 $) |
-2.4 % |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) |
766.53 MXN (37.49 $) |
841.49 MXN (41.15 $) |
+9.8 % |
| 1 Pair of Nike Running Shoes (Mid-Range) |
1,731.20 MXN (84.67 $) |
1,731.64 MXN (84.69 $) |
+0.0 % |
| 1 Pair of Men Leather Business Shoes |
1,641.57 MXN (80.28 $) |
2,258.51 MXN (110.45 $) |
+37.6 % |
Rent Per Month | Mexico Edit |
Panama Edit | |
| Apartment (1 bedroom) in City Centre |
12,290.93 MXN (601.10 $) |
18,125.16 MXN (886.43 $) |
+47.5 % |
| Apartment (1 bedroom) Outside of Centre |
8,579.81 MXN (419.60 $) |
14,013.28 MXN (685.33 $) |
+63.3 % |
| Apartment (3 bedrooms) in City Centre |
23,527.37 MXN (1,150.63 $) |
36,400.21 MXN (1,780.19 $) |
+54.7 % |
| Apartment (3 bedrooms) Outside of Centre |
16,277.32 MXN (796.06 $) |
26,974.84 MXN (1,319.23 $) |
+65.7 % |
Buy Apartment Price | Mexico Edit |
Panama Edit | |
| Price per Square Feet to Buy Apartment in City Centre |
3,571.79 MXN (174.68 $) |
4,255.79 MXN (208.13 $) |
+19.2 % |
| Price per Square Feet to Buy Apartment Outside of Centre |
2,404.33 MXN (117.59 $) |
2,935.49 MXN (143.56 $) |
+22.1 % |
Salaries And Financing | Mexico Edit |
Panama Edit | |
| Average Monthly Net Salary (After Tax) |
13,527.09 MXN (661.56 $) |
17,344.51 MXN (848.25 $) |
+28.2 % |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 11.43 | 6.34 | -44.5 % |
| Last update: | February 2025 | February 2025 | |
| Contributors in the past 12 months: | 878 | 87 |
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