Cost of Living Comparison Between Mexico and Panama 
| Indices Difference |  |
|---|---|
| Cost of Living in Panama is 19.5% higher than in Mexico (excluding rent) | |
| Cost of Living Including Rent in Panama is 28.0% higher than in Mexico | |
| Rent Prices in Panama are 54.1% higher than in Mexico | |
| Restaurant Prices in Panama are 7.7% higher than in Mexico | |
| Groceries Prices in Panama are 20.7% higher than in Mexico | |
| Local Purchasing Power in Panama is 5.9% lower than in Mexico | |
Restaurants | Mexico Edit |
Panama Edit | Difference |
|---|---|---|---|
| Meal, Inexpensive Restaurant |
200.00 MXN (10.14 $) |
197.19 MXN (10.00 $) |
-1.4 % |
| Meal for 2 People, Mid-range Restaurant, Three-course |
800.00 MXN (40.57 $) |
985.97 MXN (50.00 $) |
+23.2 % |
| McMeal at McDonalds (or Equivalent Combo Meal) |
150.00 MXN (7.61 $) |
147.70 MXN (7.49 $) |
-1.5 % |
| Domestic Beer (1 pint draught) |
45.00 MXN (2.28 $) |
39.44 MXN (2.00 $) |
-12.4 % |
| Imported Beer (12 oz small bottle) |
80.00 MXN (4.06 $) |
69.02 MXN (3.50 $) |
-13.7 % |
| Cappuccino (regular) |
62.58 MXN (3.17 $) |
68.48 MXN (3.47 $) |
+9.4 % |
| Coke/Pepsi (12 oz small bottle) |
24.10 MXN (1.22 $) |
29.15 MXN (1.48 $) |
+20.9 % |
| Water (12 oz small bottle) |
17.73 MXN (0.90 $) |
24.12 MXN (1.22 $) |
+36.0 % |
Markets | Mexico Edit |
Panama Edit | |
| Milk (regular), (1 gallon) |
106.62 MXN (5.41 $) |
135.13 MXN (6.85 $) |
+26.7 % |
| Loaf of Fresh White Bread (1 lb) |
44.86 MXN (2.27 $) |
43.64 MXN (2.21 $) |
-2.7 % |
| Rice (white), (1 lb) |
14.96 MXN (0.76 $) |
20.58 MXN (1.04 $) |
+37.6 % |
| Eggs (regular) (12) |
45.49 MXN (2.31 $) |
52.62 MXN (2.67 $) |
+15.7 % |
| Local Cheese (1 lb) |
73.61 MXN (3.73 $) |
104.69 MXN (5.31 $) |
+42.2 % |
| Chicken Fillets (1 lb) |
65.25 MXN (3.31 $) |
64.93 MXN (3.29 $) |
-0.5 % |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) |
92.56 MXN (4.69 $) |
80.41 MXN (4.08 $) |
-13.1 % |
| Apples (1 lb) |
23.62 MXN (1.20 $) |
36.12 MXN (1.83 $) |
+52.9 % |
| Banana (1 lb) |
12.42 MXN (0.63 $) |
11.84 MXN (0.60 $) |
-4.7 % |
| Oranges (1 lb) |
15.83 MXN (0.80 $) |
25.13 MXN (1.27 $) |
+58.7 % |
| Tomato (1 lb) |
15.50 MXN (0.79 $) |
26.23 MXN (1.33 $) |
+69.2 % |
| Potato (1 lb) |
17.07 MXN (0.87 $) |
18.79 MXN (0.95 $) |
+10.0 % |
| Onion (1 lb) |
16.80 MXN (0.85 $) |
20.64 MXN (1.05 $) |
+22.9 % |
| Lettuce (1 head) |
24.22 MXN (1.23 $) |
40.92 MXN (2.08 $) |
+69.0 % |
| Water (1.5 liter bottle) |
19.17 MXN (0.97 $) |
30.71 MXN (1.56 $) |
+60.2 % |
| Bottle of Wine (Mid-Range) |
200.00 MXN (10.14 $) |
197.19 MXN (10.00 $) |
-1.4 % |
| Domestic Beer (0.5 liter bottle) |
30.14 MXN (1.53 $) |
23.70 MXN (1.20 $) |
-21.4 % |
| Imported Beer (12 oz small bottle) |
55.24 MXN (2.80 $) |
42.33 MXN (2.15 $) |
-23.4 % |
| Cigarettes 20 Pack (Marlboro) |
80.00 MXN (4.06 $) |
116.84 MXN (5.92 $) |
+46.0 % |
Transportation | Mexico Edit |
Panama Edit | |
| One-way Ticket (Local Transport) |
12.00 MXN (0.61 $) |
10.85 MXN (0.55 $) |
-9.6 % |
| Monthly Pass (Regular Price) |
500.00 MXN (25.36 $) |
492.98 MXN (25.00 $) |
-1.4 % |
| Taxi Start (Normal Tariff) |
50.00 MXN (2.54 $) |
44.37 MXN (2.25 $) |
-11.3 % |
| Taxi 1 mile (Normal Tariff) |
64.37 MXN (3.26 $) |
63.47 MXN (3.22 $) |
-1.4 % |
| Taxi 1hour Waiting (Normal Tariff) |
200.00 MXN (10.14 $) |
414.11 MXN (21.00 $) |
+107.1 % |
| Gasoline (1 gallon) |
92.48 MXN (4.69 $) |
69.26 MXN (3.51 $) |
-25.1 % |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) |
399,990.00 MXN (20,284.13 $) |
394,387.12 MXN (20,000.00 $) |
-1.4 % |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) |
431,663.90 MXN (21,890.36 $) |
423,267.77 MXN (21,464.58 $) |
-1.9 % |
Utilities (Monthly) | Mexico Edit |
Panama Edit | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment |
1,191.07 MXN (60.40 $) |
2,149.47 MXN (109.00 $) |
+80.5 % |
| Mobile Phone Monthly Plan with Calls and 10GB+ Data |
441.32 MXN (22.38 $) |
581.05 MXN (29.47 $) |
+31.7 % |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) |
530.71 MXN (26.91 $) |
962.28 MXN (48.80 $) |
+81.3 % |
Sports And Leisure | Mexico Edit |
Panama Edit | |
| Fitness Club, Monthly Fee for 1 Adult |
660.28 MXN (33.48 $) |
1,033.39 MXN (52.40 $) |
+56.5 % |
| Tennis Court Rent (1 Hour on Weekend) |
347.75 MXN (17.64 $) |
739.48 MXN (37.50 $) |
+112.6 % |
| Cinema, International Release, 1 Seat |
90.00 MXN (4.56 $) |
138.04 MXN (7.00 $) |
+53.4 % |
Childcare | Mexico Edit |
Panama Edit | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child |
4,682.58 MXN (237.46 $) |
8,807.98 MXN (446.67 $) |
+88.1 % |
| International Primary School, Yearly for 1 Child |
105,362.56 MXN (5,343.10 $) |
205,574.29 MXN (10,425.00 $) |
+95.1 % |
Clothing And Shoes | Mexico Edit |
Panama Edit | |
| 1 Pair of Jeans (Levis 501 Or Similar) |
996.38 MXN (50.53 $) |
951.79 MXN (48.27 $) |
-4.5 % |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) |
767.63 MXN (38.93 $) |
811.53 MXN (41.15 $) |
+5.7 % |
| 1 Pair of Nike Running Shoes (Mid-Range) |
1,735.19 MXN (87.99 $) |
1,649.85 MXN (83.67 $) |
-4.9 % |
| 1 Pair of Men Leather Business Shoes |
1,644.27 MXN (83.38 $) |
2,178.09 MXN (110.45 $) |
+32.5 % |
Rent Per Month | Mexico Edit |
Panama Edit | |
| Apartment (1 bedroom) in City Centre |
12,378.79 MXN (627.75 $) |
18,150.77 MXN (920.45 $) |
+46.6 % |
| Apartment (1 bedroom) Outside of Centre |
8,651.53 MXN (438.73 $) |
13,776.35 MXN (698.62 $) |
+59.2 % |
| Apartment (3 bedrooms) in City Centre |
23,666.96 MXN (1,200.19 $) |
35,603.95 MXN (1,805.53 $) |
+50.4 % |
| Apartment (3 bedrooms) Outside of Centre |
16,424.39 MXN (832.91 $) |
26,659.05 MXN (1,351.92 $) |
+62.3 % |
Buy Apartment Price | Mexico Edit |
Panama Edit | |
| Price per Square Feet to Buy Apartment in City Centre |
3,519.82 MXN (178.50 $) |
3,961.56 MXN (200.90 $) |
+12.5 % |
| Price per Square Feet to Buy Apartment Outside of Centre |
2,472.47 MXN (125.38 $) |
2,830.97 MXN (143.56 $) |
+14.5 % |
Salaries And Financing | Mexico Edit |
Panama Edit | |
| Average Monthly Net Salary (After Tax) |
13,527.02 MXN (685.98 $) |
16,293.76 MXN (826.28 $) |
+20.5 % |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 11.45 | 6.30 | -45.0 % |
| Last update: | April 2025 | March 2025 | |
| Contributors in the past 12 months: | 986 | 90 |
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