Cost of Living Comparison Between Panama City and Mexico City 
| Indices Difference |  |
|---|---|
| Cost of Living in Mexico City is 9.5% lower than in Panama City (without rent) | |
| Cost of Living Including Rent in Mexico City is 5.9% lower than in Panama City | |
| Rent Prices in Mexico City are 1.9% higher than in Panama City | |
| Restaurant Prices in Mexico City are 10.0% lower than in Panama City | |
| Groceries Prices in Mexico City are 7.7% lower than in Panama City | |
| Local Purchasing Power in Mexico City is 8.8% lower than in Panama City | |
Restaurants | Panama City Edit |
Mexico City Edit | Difference |
|---|---|---|---|
| Meal, Inexpensive Restaurant |
11.75 $ (217.02 MXN) |
10.29 $ (190.00 MXN) |
-12.5 % |
| Meal for 2 People, Mid-range Restaurant, Three-course |
60.00 $ (1,108.21 MXN) |
54.14 $ (1,000.00 MXN) |
-9.8 % |
| McMeal at McDonalds (or Equivalent Combo Meal) |
8.00 $ (147.76 MXN) |
8.12 $ (150.00 MXN) |
+1.5 % |
| Domestic Beer (1 pint draught) |
3.00 $ (55.41 MXN) |
2.71 $ (50.00 MXN) |
-9.8 % |
| Imported Beer (12 oz small bottle) |
4.00 $ (73.88 MXN) |
4.50 $ (83.12 MXN) |
+12.5 % |
| Cappuccino (regular) |
3.68 $ (68.06 MXN) |
3.29 $ (60.76 MXN) |
-10.7 % |
| Coke/Pepsi (12 oz small bottle) |
1.77 $ (32.63 MXN) |
1.11 $ (20.45 MXN) |
-37.3 % |
| Water (12 oz small bottle) |
1.33 $ (24.52 MXN) |
0.76 $ (14.03 MXN) |
-42.8 % |
Markets | Panama City Edit |
Mexico City Edit | |
| Milk (regular), (1 gallon) |
6.75 $ (124.59 MXN) |
5.73 $ (105.92 MXN) |
-15.0 % |
| Loaf of Fresh White Bread (1 lb) |
2.26 $ (41.73 MXN) |
2.23 $ (41.25 MXN) |
-1.2 % |
| Rice (white), (1 lb) |
0.97 $ (17.91 MXN) |
0.85 $ (15.67 MXN) |
-12.5 % |
| Eggs (regular) (12) |
2.62 $ (48.35 MXN) |
2.28 $ (42.08 MXN) |
-13.0 % |
| Local Cheese (1 lb) |
5.27 $ (97.27 MXN) |
4.78 $ (88.26 MXN) |
-9.3 % |
| Chicken Fillets (1 lb) |
3.46 $ (63.83 MXN) |
3.80 $ (70.27 MXN) |
+10.1 % |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) |
4.22 $ (78.01 MXN) |
5.35 $ (98.73 MXN) |
+26.6 % |
| Apples (1 lb) |
1.38 $ (25.56 MXN) |
1.32 $ (24.34 MXN) |
-4.8 % |
| Banana (1 lb) |
0.68 $ (12.51 MXN) |
0.64 $ (11.80 MXN) |
-5.6 % |
| Oranges (1 lb) |
1.24 $ (22.84 MXN) |
0.76 $ (14.09 MXN) |
-38.3 % |
| Tomato (1 lb) |
1.39 $ (25.76 MXN) |
0.84 $ (15.49 MXN) |
-39.9 % |
| Potato (1 lb) |
0.94 $ (17.44 MXN) |
0.86 $ (15.80 MXN) |
-9.4 % |
| Onion (1 lb) |
0.99 $ (18.26 MXN) |
0.79 $ (14.62 MXN) |
-19.9 % |
| Lettuce (1 head) |
2.08 $ (38.33 MXN) |
1.16 $ (21.34 MXN) |
-44.3 % |
| Water (1.5 liter bottle) |
1.51 $ (27.94 MXN) |
0.93 $ (17.13 MXN) |
-38.7 % |
| Bottle of Wine (Mid-Range) |
9.00 $ (166.23 MXN) |
13.54 $ (250.00 MXN) |
+50.4 % |
| Domestic Beer (0.5 liter bottle) |
1.21 $ (22.28 MXN) |
1.60 $ (29.64 MXN) |
+33.0 % |
| Imported Beer (12 oz small bottle) |
1.95 $ (35.95 MXN) |
3.11 $ (57.41 MXN) |
+59.7 % |
| Cigarettes 20 Pack (Marlboro) |
5.88 $ (108.51 MXN) |
4.06 $ (75.00 MXN) |
-30.9 % |
Transportation | Panama City Edit |
Mexico City Edit | |
| One-way Ticket (Local Transport) |
0.35 $ (6.46 MXN) |
0.32 $ (6.00 MXN) |
-7.2 % |
| Monthly Pass (Regular Price) |
25.00 $ (461.75 MXN) |
19.49 $ (360.00 MXN) |
-22.0 % |
| Taxi Start (Normal Tariff) |
2.25 $ (41.56 MXN) |
1.19 $ (22.00 MXN) |
-47.1 % |
| Taxi 1 mile (Normal Tariff) |
2.62 $ (48.30 MXN) |
0.60 $ (11.00 MXN) |
-77.2 % |
| Taxi 1hour Waiting (Normal Tariff) |
21.00 $ (387.87 MXN) |
6.50 $ (120.00 MXN) |
-69.1 % |
| Gasoline (1 gallon) |
3.69 $ (68.09 MXN) |
4.96 $ (91.67 MXN) |
+34.6 % |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) |
22,250.00 $ (410,959.72 MXN) |
21,656.62 $ (400,000.00 MXN) |
-2.7 % |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) |
20,494.44 $ (378,534.44 MXN) |
22,637.84 $ (418,123.08 MXN) |
+10.5 % |
Utilities (Monthly) | Panama City Edit |
Mexico City Edit | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment |
120.76 $ (2,230.40 MXN) |
47.55 $ (878.26 MXN) |
-60.6 % |
| Mobile Phone Monthly Plan with Calls and 10GB+ Data |
29.38 $ (542.56 MXN) |
25.80 $ (476.44 MXN) |
-12.2 % |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) |
51.69 $ (954.67 MXN) |
26.40 $ (487.63 MXN) |
-48.9 % |
Sports And Leisure | Panama City Edit |
Mexico City Edit | |
| Fitness Club, Monthly Fee for 1 Adult |
42.92 $ (792.68 MXN) |
56.96 $ (1,051.97 MXN) |
+32.7 % |
| Tennis Court Rent (1 Hour on Weekend) |
22.50 $ (415.58 MXN) |
23.22 $ (428.82 MXN) |
+3.2 % |
| Cinema, International Release, 1 Seat |
7.00 $ (129.29 MXN) |
5.41 $ (100.00 MXN) |
-22.7 % |
Childcare | Panama City Edit |
Mexico City Edit | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child |
414.38 $ (7,653.55 MXN) |
402.97 $ (7,442.86 MXN) |
-2.8 % |
| International Primary School, Yearly for 1 Child |
9,058.00 $ (167,302.17 MXN) |
8,972.83 $ (165,729.04 MXN) |
-0.9 % |
Clothing And Shoes | Panama City Edit |
Mexico City Edit | |
| 1 Pair of Jeans (Levis 501 Or Similar) |
53.69 $ (991.70 MXN) |
61.36 $ (1,133.32 MXN) |
+14.3 % |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) |
40.42 $ (746.50 MXN) |
42.81 $ (790.77 MXN) |
+5.9 % |
| 1 Pair of Nike Running Shoes (Mid-Range) |
86.19 $ (1,591.89 MXN) |
100.96 $ (1,864.78 MXN) |
+17.1 % |
| 1 Pair of Men Leather Business Shoes |
105.91 $ (1,956.15 MXN) |
100.81 $ (1,861.92 MXN) |
-4.8 % |
Rent Per Month | Panama City Edit |
Mexico City Edit | |
| Apartment (1 bedroom) in City Centre |
939.05 $ (17,344.30 MXN) |
1,002.49 $ (18,516.00 MXN) |
+6.8 % |
| Apartment (1 bedroom) Outside of Centre |
620.83 $ (11,466.85 MXN) |
609.20 $ (11,252.00 MXN) |
-1.9 % |
| Apartment (3 bedrooms) in City Centre |
1,991.67 $ (36,786.28 MXN) |
2,081.99 $ (38,454.64 MXN) |
+4.5 % |
| Apartment (3 bedrooms) Outside of Centre |
1,303.12 $ (24,068.85 MXN) |
1,252.41 $ (23,132.15 MXN) |
-3.9 % |
Buy Apartment Price | Panama City Edit |
Mexico City Edit | |
| Price per Square Feet to Buy Apartment in City Centre |
235.74 $ (4,354.13 MXN) |
269.20 $ (4,972.18 MXN) |
+14.2 % |
| Price per Square Feet to Buy Apartment Outside of Centre |
142.45 $ (2,631.07 MXN) |
197.17 $ (3,641.69 MXN) |
+38.4 % |
Salaries And Financing | Panama City Edit |
Mexico City Edit | |
| Average Monthly Net Salary (After Tax) |
886.76 $ (16,378.63 MXN) |
760.90 $ (14,053.86 MXN) |
-14.2 % |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 6.02 | 11.07 | +83.8 % |
| Last update: | June 2024 | June 2024 | |
| Contributors in the past 12 months: | 91 | 196 |
Cities near Panama City: | Cost of Living in San Miguelito | 8.11 miles |
| Cost of Living in Tocumen | 15.44 miles |
| Cost of Living in Pacora | 19.85 miles |
| Cost of Living in El Coco | 33.93 miles |
| Cost of Living in Aguadulce | 127.78 miles |
| Cost of Living in Santiago | 161.98 miles |
Cities near Mexico City: | Cost of Living in Naucalpan | 9.71 miles |
| Cost of Living in Ecatepec | 17.33 miles |
| Cost of Living in Chicoloapan de Juarez | 19.75 miles |
| Cost of Living in Pachuca | 60.64 miles |
| Cost of Living in Cuautla | 68.55 miles |
| Cost of Living in Puebla | 80.54 miles |
| Cost of Living in Queretaro (Santiago de Querétaro) | 133.73 miles |
| Cost of Living in San Miguel de Allende | 171.88 miles |
| Cost of Living in Morelia | 187.84 miles |
| Cost of Living in Irapuato | 201.63 miles |