Cost of Living Comparison Between Mexico and Panama 
Sign up for free* to continue using Numbeo
Or please fill:
* Free use is limited to personal, academic and journalistic purposes only.
For commercial purposes, please obtain a Commercial License, Insights or API access
| Indices Difference |  |
|---|---|
| Cost of Living in Panama is 16.2% higher than in Mexico (excluding rent) | |
| Cost of Living Including Rent in Panama is 24.5% higher than in Mexico | |
| Rent Prices in Panama are 50.0% higher than in Mexico | |
| Restaurant Prices in Panama are 5.1% higher than in Mexico | |
| Groceries Prices in Panama are 17.6% 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 (10.37 $) |
192.89 MXN (10.00 $) |
-3.6 % |
| Meal for 2 People, Mid-range Restaurant, Three-course |
800.00 MXN (41.47 $) |
964.46 MXN (50.00 $) |
+20.6 % |
| McMeal at McDonalds (or Equivalent Combo Meal) |
150.00 MXN (7.78 $) |
144.48 MXN (7.49 $) |
-3.7 % |
| Domestic Beer (1 pint draught) |
45.00 MXN (2.33 $) |
38.58 MXN (2.00 $) |
-14.3 % |
| Imported Beer (12 oz small bottle) |
80.00 MXN (4.15 $) |
67.51 MXN (3.50 $) |
-15.6 % |
| Cappuccino (regular) |
63.06 MXN (3.27 $) |
66.99 MXN (3.47 $) |
+6.2 % |
| Coke/Pepsi (12 oz small bottle) |
24.44 MXN (1.27 $) |
28.51 MXN (1.48 $) |
+16.7 % |
| Water (12 oz small bottle) |
17.95 MXN (0.93 $) |
23.47 MXN (1.22 $) |
+30.8 % |
Markets | Mexico Edit |
Panama Edit | |
| Milk (regular), (1 gallon) |
106.89 MXN (5.54 $) |
132.14 MXN (6.85 $) |
+23.6 % |
| Loaf of Fresh White Bread (1 lb) |
44.71 MXN (2.32 $) |
42.69 MXN (2.21 $) |
-4.5 % |
| Rice (white), (1 lb) |
14.87 MXN (0.77 $) |
20.13 MXN (1.04 $) |
+35.4 % |
| Eggs (regular) (12) |
45.60 MXN (2.36 $) |
51.47 MXN (2.67 $) |
+12.9 % |
| Local Cheese (1 lb) |
73.43 MXN (3.81 $) |
102.40 MXN (5.31 $) |
+39.5 % |
| Chicken Fillets (1 lb) |
65.52 MXN (3.40 $) |
63.51 MXN (3.29 $) |
-3.1 % |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) |
93.61 MXN (4.85 $) |
78.65 MXN (4.08 $) |
-16.0 % |
| Apples (1 lb) |
23.67 MXN (1.23 $) |
35.34 MXN (1.83 $) |
+49.3 % |
| Banana (1 lb) |
12.50 MXN (0.65 $) |
11.58 MXN (0.60 $) |
-7.4 % |
| Oranges (1 lb) |
16.09 MXN (0.83 $) |
24.59 MXN (1.27 $) |
+52.8 % |
| Tomato (1 lb) |
15.64 MXN (0.81 $) |
25.66 MXN (1.33 $) |
+64.0 % |
| Potato (1 lb) |
17.05 MXN (0.88 $) |
18.38 MXN (0.95 $) |
+7.8 % |
| Onion (1 lb) |
17.12 MXN (0.89 $) |
20.19 MXN (1.05 $) |
+18.0 % |
| Lettuce (1 head) |
24.26 MXN (1.26 $) |
40.03 MXN (2.08 $) |
+65.0 % |
| Water (1.5 liter bottle) |
19.44 MXN (1.01 $) |
30.04 MXN (1.56 $) |
+54.5 % |
| Bottle of Wine (Mid-Range) |
200.00 MXN (10.37 $) |
192.89 MXN (10.00 $) |
-3.6 % |
| Domestic Beer (0.5 liter bottle) |
30.44 MXN (1.58 $) |
23.18 MXN (1.20 $) |
-23.8 % |
| Imported Beer (12 oz small bottle) |
55.93 MXN (2.90 $) |
41.41 MXN (2.15 $) |
-26.0 % |
| Cigarettes 20 Pack (Marlboro) |
80.00 MXN (4.15 $) |
114.29 MXN (5.92 $) |
+42.9 % |
Transportation | Mexico Edit |
Panama Edit | |
| One-way Ticket (Local Transport) |
11.00 MXN (0.57 $) |
10.61 MXN (0.55 $) |
-3.6 % |
| Monthly Pass (Regular Price) |
500.00 MXN (25.92 $) |
482.23 MXN (25.00 $) |
-3.6 % |
| Taxi Start (Normal Tariff) |
50.00 MXN (2.59 $) |
38.58 MXN (2.00 $) |
-22.8 % |
| Taxi 1 mile (Normal Tariff) |
64.37 MXN (3.34 $) |
62.09 MXN (3.22 $) |
-3.6 % |
| Taxi 1hour Waiting (Normal Tariff) |
192.89 MXN (10.00 $) |
405.07 MXN (21.00 $) |
+110.0 % |
| Gasoline (1 gallon) |
92.52 MXN (4.80 $) |
67.54 MXN (3.50 $) |
-27.0 % |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) |
399,990.00 MXN (20,736.58 $) |
385,782.00 MXN (20,000.00 $) |
-3.6 % |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) |
432,191.17 MXN (22,405.98 $) |
414,032.50 MXN (21,464.58 $) |
-4.2 % |
Utilities (Monthly) | Mexico Edit |
Panama Edit | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment |
1,193.03 MXN (61.85 $) |
2,102.57 MXN (109.00 $) |
+76.2 % |
| Mobile Phone Monthly Plan with Calls and 10GB+ Data |
441.49 MXN (22.89 $) |
568.37 MXN (29.47 $) |
+28.7 % |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) |
530.90 MXN (27.52 $) |
943.07 MXN (48.89 $) |
+77.6 % |
Sports And Leisure | Mexico Edit |
Panama Edit | |
| Fitness Club, Monthly Fee for 1 Adult |
677.73 MXN (35.14 $) |
1,008.91 MXN (52.30 $) |
+48.9 % |
| Tennis Court Rent (1 Hour on Weekend) |
348.69 MXN (18.08 $) |
688.90 MXN (35.71 $) |
+97.6 % |
| Cinema, International Release, 1 Seat |
90.00 MXN (4.67 $) |
135.02 MXN (7.00 $) |
+50.0 % |
Childcare | Mexico Edit |
Panama Edit | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child |
4,613.35 MXN (239.17 $) |
8,615.80 MXN (446.67 $) |
+86.8 % |
| International Primary School, Yearly for 1 Child |
106,326.85 MXN (5,512.28 $) |
201,088.87 MXN (10,425.00 $) |
+89.1 % |
Clothing And Shoes | Mexico Edit |
Panama Edit | |
| 1 Pair of Jeans (Levis 501 Or Similar) |
1,004.85 MXN (52.09 $) |
930.01 MXN (48.21 $) |
-7.4 % |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) |
774.52 MXN (40.15 $) |
793.82 MXN (41.15 $) |
+2.5 % |
| 1 Pair of Nike Running Shoes (Mid-Range) |
1,768.61 MXN (91.69 $) |
1,613.85 MXN (83.67 $) |
-8.8 % |
| 1 Pair of Men Leather Business Shoes |
1,668.81 MXN (86.52 $) |
2,130.57 MXN (110.45 $) |
+27.7 % |
Rent Per Month | Mexico Edit |
Panama Edit | |
| Apartment (1 bedroom) in City Centre |
12,321.06 MXN (638.76 $) |
17,646.51 MXN (914.84 $) |
+43.2 % |
| Apartment (1 bedroom) Outside of Centre |
8,569.66 MXN (444.27 $) |
13,475.76 MXN (698.62 $) |
+57.2 % |
| Apartment (3 bedrooms) in City Centre |
23,757.54 MXN (1,231.66 $) |
34,312.74 MXN (1,778.87 $) |
+44.4 % |
| Apartment (3 bedrooms) Outside of Centre |
16,427.03 MXN (851.62 $) |
26,151.57 MXN (1,355.77 $) |
+59.2 % |
Buy Apartment Price | Mexico Edit |
Panama Edit | |
| Price per Square Feet to Buy Apartment in City Centre |
3,483.72 MXN (180.61 $) |
3,728.26 MXN (193.28 $) |
+7.0 % |
| Price per Square Feet to Buy Apartment Outside of Centre |
2,415.47 MXN (125.22 $) |
2,769.20 MXN (143.56 $) |
+14.6 % |
Salaries And Financing | Mexico Edit |
Panama Edit | |
| Average Monthly Net Salary (After Tax) |
13,615.08 MXN (705.84 $) |
15,938.24 MXN (826.28 $) |
+17.1 % |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 11.45 | 6.30 | -45.0 % |
| Last update: | 23 May 2025 | 22 May 2025 | |
| Contributors in the past 12 months: | 1033 | 94 |
Moving to Mexico? Explore:
Moving to Panama? Explore: