Cost of Living Comparison Between Mexico and Panama Reverse

For major cities in those countries you get more relevant data by specifying cities.
City in Mexico:
City in Panama:
Indices DifferenceInfo
Consumer Prices in Panama are 46.75% higher than in Mexico (without rent)
Consumer Prices Including Rent in Panama are 53.30% higher than in Mexico
Rent Prices in Panama are 74.25% higher than in Mexico
Restaurant Prices in Panama are 36.11% higher than in Mexico
Groceries Prices in Panama are 50.44% higher than in Mexico
Local Purchasing Power in Panama is 14.29% lower than in Mexico
Currency: Sticky Currency      Switch to metric measurement units
Restaurants
Mexico Edit Panama Edit Difference
Meal, Inexpensive Restaurant 121.42 MXN
(5.93 $)
143.32 MXN
(7.00 $)
     +18.03 %
Meal for 2 People, Mid-range Restaurant, Three-course 600.00 MXN
(29.31 $)
972.51 MXN
(47.50 $)
     +62.09 %
McMeal at McDonalds (or Equivalent Combo Meal) 120.00 MXN
(5.86 $)
143.32 MXN
(7.00 $)
     +19.43 %
Domestic Beer (1 pint draught) 30.00 MXN
(1.47 $)
40.95 MXN
(2.00 $)
     +36.49 %
Imported Beer (12 oz small bottle) 60.00 MXN
(2.93 $)
61.42 MXN
(3.00 $)
     +2.37 %
Cappuccino (regular) 46.64 MXN
(2.28 $)
60.89 MXN
(2.97 $)
     +30.56 %
Coke/Pepsi (12 oz small bottle) 17.68 MXN
(0.86 $)
29.44 MXN
(1.44 $)
     +66.51 %
Water (12 oz small bottle) 13.09 MXN
(0.64 $)
23.33 MXN
(1.14 $)
     +78.17 %
Markets
Mexico Edit Panama Edit
Milk (regular), (1 gallon) 80.72 MXN
(3.94 $)
119.09 MXN
(5.82 $)
     +47.54 %
Loaf of Fresh White Bread (1 lb) 30.79 MXN
(1.50 $)
37.22 MXN
(1.82 $)
     +20.90 %
Rice (white), (1 lb) 12.19 MXN
(0.60 $)
19.57 MXN
(0.96 $)
     +60.54 %
Eggs (regular) (12) 31.69 MXN
(1.55 $)
42.18 MXN
(2.06 $)
     +33.10 %
Local Cheese (1 lb) 53.27 MXN
(2.60 $)
82.01 MXN
(4.01 $)
     +53.95 %
Chicken Fillets (1 lb) 46.08 MXN
(2.25 $)
67.59 MXN
(3.30 $)
     +46.69 %
Beef Round (1 lb) (or Equivalent Back Leg Red Meat) 70.21 MXN
(3.43 $)
80.39 MXN
(3.93 $)
     +14.51 %
Apples (1 lb) 19.02 MXN
(0.93 $)
30.52 MXN
(1.49 $)
     +60.47 %
Banana (1 lb) 9.69 MXN
(0.47 $)
13.94 MXN
(0.68 $)
     +43.87 %
Oranges (1 lb) 9.69 MXN
(0.47 $)
20.16 MXN
(0.98 $)
     +107.93 %
Tomato (1 lb) 11.18 MXN
(0.55 $)
26.02 MXN
(1.27 $)
     +132.81 %
Potato (1 lb) 11.08 MXN
(0.54 $)
18.95 MXN
(0.93 $)
     +70.99 %
Onion (1 lb) 10.18 MXN
(0.50 $)
19.47 MXN
(0.95 $)
     +91.27 %
Lettuce (1 head) 16.77 MXN
(0.82 $)
34.52 MXN
(1.69 $)
     +105.84 %
Water (1.5 liter bottle) 15.63 MXN
(0.76 $)
30.30 MXN
(1.48 $)
     +93.81 %
Bottle of Wine (Mid-Range) 199.00 MXN
(9.72 $)
204.74 MXN
(10.00 $)
     +2.88 %
Domestic Beer (0.5 liter bottle) 23.21 MXN
(1.13 $)
20.95 MXN
(1.02 $)
     -9.77 %
Imported Beer (12 oz small bottle) 40.57 MXN
(1.98 $)
37.30 MXN
(1.82 $)
     -8.07 %
Cigarettes 20 Pack (Marlboro) 63.00 MXN
(3.08 $)
118.24 MXN
(5.78 $)
     +87.68 %
Transportation
Mexico Edit Panama Edit
One-way Ticket (Local Transport) 10.00 MXN
(0.49 $)
7.17 MXN
(0.35 $)
     -28.34 %
Monthly Pass (Regular Price) 350.00 MXN
(17.09 $)
614.22 MXN
(30.00 $)
     +75.49 %
Taxi Start (Normal Tariff) 35.00 MXN
(1.71 $)
40.95 MXN
(2.00 $)
     +16.99 %
Taxi 1 mile (Normal Tariff) 25.37 MXN
(1.24 $)
65.90 MXN
(3.22 $)
     +159.70 %
Taxi 1hour Waiting (Normal Tariff) 150.00 MXN
(7.33 $)
307.11 MXN
(15.00 $)
     +104.74 %
Gasoline (1 gallon) 80.26 MXN
(3.92 $)
65.91 MXN
(3.22 $)
     -17.88 %
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) 350,000.00 MXN
(17,094.94 $)
399,241.05 MXN
(19,500.00 $)
     +14.07 %
Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) 348,550.18 MXN
(17,024.12 $)
390,910.73 MXN
(19,093.12 $)
     +12.15 %
Utilities (Monthly)
Mexico Edit Panama Edit
Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment 1,003.44 MXN
(49.01 $)
1,888.95 MXN
(92.26 $)
     +88.25 %
1 min. of Prepaid Mobile Tariff Local (No Discounts or Plans) 1.34 MXN
(0.07 $)
3.30 MXN
(0.16 $)
     +147.09 %
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) 528.61 MXN
(25.82 $)
882.97 MXN
(43.13 $)
     +67.04 %
Sports And Leisure
Mexico Edit Panama Edit
Fitness Club, Monthly Fee for 1 Adult 575.93 MXN
(28.13 $)
868.92 MXN
(42.44 $)
     +50.87 %
Tennis Court Rent (1 Hour on Weekend) 250.60 MXN
(12.24 $)
614.22 MXN
(30.00 $)
     +145.09 %
Cinema, International Release, 1 Seat 75.00 MXN
(3.66 $)
113.53 MXN
(5.54 $)
     +51.37 %
Childcare
Mexico Edit Panama Edit
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child 3,670.00 MXN
(179.25 $)
7,380.84 MXN
(360.50 $)
     +101.11 %
International Primary School, Yearly for 1 Child 79,093.15 MXN
(3,863.12 $)
239,984.82 MXN
(11,721.50 $)
     +203.42 %
Clothing And Shoes
Mexico Edit Panama Edit
1 Pair of Jeans (Levis 501 Or Similar) 829.65 MXN
(40.52 $)
919.41 MXN
(44.91 $)
     +10.82 %
1 Summer Dress in a Chain Store (Zara, H&M, ...) 649.80 MXN
(31.74 $)
827.81 MXN
(40.43 $)
     +27.40 %
1 Pair of Nike Running Shoes (Mid-Range) 1,455.11 MXN
(71.07 $)
1,428.21 MXN
(69.76 $)
     -1.85 %
1 Pair of Men Leather Business Shoes 1,297.04 MXN
(63.35 $)
1,726.16 MXN
(84.31 $)
     +33.08 %
Rent Per Month
Mexico Edit Panama Edit
Apartment (1 bedroom) in City Centre 7,785.49 MXN
(380.26 $)
14,672.96 MXN
(716.67 $)
     +88.47 %
Apartment (1 bedroom) Outside of Centre 5,163.40 MXN
(252.19 $)
9,227.47 MXN
(450.69 $)
     +78.71 %
Apartment (3 bedrooms) in City Centre 15,267.00 MXN
(745.68 $)
27,355.41 MXN
(1,336.11 $)
     +79.18 %
Apartment (3 bedrooms) Outside of Centre 11,248.77 MXN
(549.42 $)
17,509.48 MXN
(855.21 $)
     +55.66 %
Buy Apartment Price
Mexico Edit Panama Edit
Price per Square Feet to Buy Apartment in City Centre 2,158.94 MXN
(105.45 $)
3,743.81 MXN
(182.86 $)
     +73.41 %
Price per Square Feet to Buy Apartment Outside of Centre 1,589.94 MXN
(77.66 $)
2,520.70 MXN
(123.12 $)
     +58.54 %
Salaries And Financing
Mexico Edit Panama Edit
Average Monthly Net Salary (After Tax) 11,475.14 MXN
(560.48 $)
15,078.57 MXN
(736.48 $)
     +31.40 %
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 11.07 5.65      -48.93 %
Last update: January 2022January 2022
Contributors in the past 12 months:86577