Cost of Living Comparison Between Panama and Mexico Reverse

For major cities in those countries you get more relevant data by specifying cities.
City in Panama:
City in Mexico:
Indices DifferenceInfo
Cost of Living in Mexico is 19.6% lower than in Panama (without rent)
Cost of Living Including Rent in Mexico is 24.6% lower than in Panama
Rent Prices in Mexico are 36.8% lower than in Panama
Restaurant Prices in Mexico are 10.7% lower than in Panama
Groceries Prices in Mexico are 20.5% lower than in Panama
Local Purchasing Power in Mexico is 5.9% higher than in Panama
Currency: Sticky Currency      Switch to metric measurement units
Restaurants
 Panama Edit Mexico Edit Difference
Meal, Inexpensive Restaurant 10.00 $
(204.83 MXN)		 9.76 $
(200.00 MXN)		      -2.4 %
Meal for 2 People, Mid-range Restaurant, Three-course 50.00 $
(1,024.15 MXN)		 39.06 $
(800.00 MXN)		      -21.9 %
McMeal at McDonalds (or Equivalent Combo Meal) 7.49 $
(153.42 MXN)		 7.32 $
(150.00 MXN)		      -2.2 %
Domestic Beer (1 pint draught) 2.00 $
(40.97 MXN)		 2.20 $
(45.00 MXN)		      +9.8 %
Imported Beer (12 oz small bottle) 3.50 $
(71.69 MXN)		 3.91 $
(80.00 MXN)		      +11.6 %
Cappuccino (regular) 3.47 $
(71.13 MXN)		 3.03 $
(62.15 MXN)		      -12.6 %
Coke/Pepsi (12 oz small bottle) 1.48 $
(30.27 MXN)		 1.17 $
(23.90 MXN)		      -21.0 %
Water (12 oz small bottle) 1.24 $
(25.35 MXN)		 0.86 $
(17.63 MXN)		      -30.4 %
Markets
 Panama Edit Mexico Edit
Milk (regular), (1 gallon) 6.86 $
(140.57 MXN)		 5.20 $
(106.41 MXN)		      -24.3 %
Loaf of Fresh White Bread (1 lb) 2.20 $
(45.05 MXN)		 2.19 $
(44.80 MXN)		      -0.5 %
Rice (white), (1 lb) 1.08 $
(22.09 MXN)		 0.72 $
(14.84 MXN)		      -32.8 %
Eggs (regular) (12) 2.68 $
(54.93 MXN)		 2.23 $
(45.62 MXN)		      -16.9 %
Local Cheese (1 lb) 5.31 $
(108.74 MXN)		 3.55 $
(72.77 MXN)		      -33.1 %
Chicken Fillets (1 lb) 3.26 $
(66.71 MXN)		 3.16 $
(64.76 MXN)		      -2.9 %
Beef Round (1 lb) (or Equivalent Back Leg Red Meat) 4.12 $
(84.31 MXN)		 4.49 $
(92.04 MXN)		      +9.2 %
Apples (1 lb) 1.76 $
(36.07 MXN)		 1.15 $
(23.50 MXN)		      -34.8 %
Banana (1 lb) 0.62 $
(12.61 MXN)		 0.60 $
(12.34 MXN)		      -2.1 %
Oranges (1 lb) 1.24 $
(25.48 MXN)		 0.77 $
(15.70 MXN)		      -38.4 %
Tomato (1 lb) 1.33 $
(27.29 MXN)		 0.75 $
(15.37 MXN)		      -43.7 %
Potato (1 lb) 0.95 $
(19.47 MXN)		 0.83 $
(17.03 MXN)		      -12.5 %
Onion (1 lb) 1.09 $
(22.37 MXN)		 0.80 $
(16.48 MXN)		      -26.3 %
Lettuce (1 head) 2.07 $
(42.45 MXN)		 1.17 $
(23.96 MXN)		      -43.6 %
Water (1.5 liter bottle) 1.60 $
(32.82 MXN)		 0.93 $
(19.05 MXN)		      -42.0 %
Bottle of Wine (Mid-Range) 10.00 $
(204.83 MXN)		 9.76 $
(200.00 MXN)		      -2.4 %
Domestic Beer (0.5 liter bottle) 1.20 $
(24.62 MXN)		 1.46 $
(29.99 MXN)		      +21.8 %
Imported Beer (12 oz small bottle) 2.24 $
(45.86 MXN)		 2.68 $
(54.96 MXN)		      +19.8 %
Cigarettes 20 Pack (Marlboro) 5.85 $
(119.83 MXN)		 3.91 $
(80.00 MXN)		      -33.2 %
Transportation
 Panama Edit Mexico Edit
One-way Ticket (Local Transport) 0.60 $
(12.29 MXN)		 0.59 $
(12.00 MXN)		      -2.4 %
Monthly Pass (Regular Price) 25.00 $
(512.08 MXN)		 24.41 $
(500.00 MXN)		      -2.4 %
Taxi Start (Normal Tariff) 2.25 $
(46.09 MXN)		 2.44 $
(50.00 MXN)		      +8.5 %
Taxi 1 mile (Normal Tariff) 3.22 $
(65.93 MXN)		 3.14 $
(64.37 MXN)		      -2.4 %
Taxi 1hour Waiting (Normal Tariff) 21.00 $
(430.14 MXN)		 9.76 $
(200.00 MXN)		      -53.5 %
Gasoline (1 gallon) 3.51 $
(71.95 MXN)		 4.51 $
(92.44 MXN)		      +28.5 %
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) 20,000.00 $
(409,660.00 MXN)		 19,528.39 $
(400,000.00 MXN)		      -2.4 %
Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) 21,464.58 $
(439,659.07 MXN)		 21,117.96 $
(432,559.26 MXN)		      -1.6 %
Utilities (Monthly)
 Panama Edit Mexico Edit
Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment 109.00 $
(2,232.71 MXN)		 59.43 $
(1,217.23 MXN)		      -45.5 %
Mobile Phone Monthly Plan with Calls and 10GB+ Data 29.47 $
(603.55 MXN)		 21.57 $
(441.89 MXN)		      -26.8 %
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) 48.85 $
(1,000.52 MXN)		 26.05 $
(533.59 MXN)		      -46.7 %
Sports And Leisure
 Panama Edit Mexico Edit
Fitness Club, Monthly Fee for 1 Adult 52.40 $
(1,073.41 MXN)		 31.95 $
(654.38 MXN)		      -39.0 %
Tennis Court Rent (1 Hour on Weekend) 37.50 $
(768.11 MXN)		 16.89 $
(345.88 MXN)		      -55.0 %
Cinema, International Release, 1 Seat 7.00 $
(143.38 MXN)		 4.39 $
(90.00 MXN)		      -37.2 %
Childcare
 Panama Edit Mexico Edit
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child 446.67 $
(9,149.07 MXN)		 223.33 $
(4,574.55 MXN)		      -50.0 %
International Primary School, Yearly for 1 Child 10,425.00 $
(213,535.28 MXN)		 5,081.13 $
(104,076.85 MXN)		      -51.3 %
Clothing And Shoes
 Panama Edit Mexico Edit
1 Pair of Jeans (Levis 501 Or Similar) 48.27 $
(988.65 MXN)		 48.81 $
(999.80 MXN)		      +1.1 %
1 Summer Dress in a Chain Store (Zara, H&M, ...) 41.15 $
(842.95 MXN)		 37.63 $
(770.72 MXN)		      -8.6 %
1 Pair of Nike Running Shoes (Mid-Range) 83.67 $
(1,713.74 MXN)		 84.23 $
(1,725.19 MXN)		      +0.7 %
1 Pair of Men Leather Business Shoes 110.45 $
(2,262.44 MXN)		 79.51 $
(1,628.58 MXN)		      -28.0 %
Rent Per Month
 Panama Edit Mexico Edit
Apartment (1 bedroom) in City Centre 922.79 $
(18,901.59 MXN)		 605.62 $
(12,404.90 MXN)		      -34.4 %
Apartment (1 bedroom) Outside of Centre 714.14 $
(14,627.69 MXN)		 426.08 $
(8,727.36 MXN)		      -40.3 %
Apartment (3 bedrooms) in City Centre 1,753.74 $
(35,921.90 MXN)		 1,162.64 $
(23,814.35 MXN)		      -33.7 %
Apartment (3 bedrooms) Outside of Centre 1,350.00 $
(27,652.05 MXN)		 802.46 $
(16,436.73 MXN)		      -40.6 %
Buy Apartment Price
 Panama Edit Mexico Edit
Price per Square Feet to Buy Apartment in City Centre 206.28 $
(4,225.26 MXN)		 175.68 $
(3,598.49 MXN)		      -14.8 %
Price per Square Feet to Buy Apartment Outside of Centre 143.56 $
(2,940.60 MXN)		 118.46 $
(2,426.35 MXN)		      -17.5 %
Salaries And Financing
 Panama Edit Mexico Edit
Average Monthly Net Salary (After Tax) 826.28 $
(16,924.74 MXN)		 659.58 $
(13,510.16 MXN)		      -20.2 %
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 6.30 11.44      +81.6 %
Last update: March 2025April 2025
Contributors in the past 12 months:90950
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