Cost of Living Comparison Between Mexico and Panama 
| Indices Difference |  |
|---|---|
| Consumer Prices in Panama are 7.8% higher than in Mexico (without rent) | |
| Consumer Prices Including Rent in Panama are 11.4% higher than in Mexico | |
| Rent Prices in Panama are 21.5% higher than in Mexico | |
| Restaurant Prices in Panama are 15.9% higher than in Mexico | |
| Groceries Prices in Panama are 3.2% higher than in Mexico | |
| Local Purchasing Power in Panama is 7.2% lower than in Mexico | |
Restaurants | Mexico Edit |
Panama Edit | Difference |
|---|---|---|---|
| Meal, Inexpensive Restaurant |
160.00 MXN (9.39 $) |
170.40 MXN (10.00 $) |
+6.5 % |
| Meal for 2 People, Mid-range Restaurant, Three-course |
700.00 MXN (41.08 $) |
1,022.37 MXN (60.00 $) |
+46.1 % |
| McMeal at McDonalds (or Equivalent Combo Meal) |
150.00 MXN (8.80 $) |
136.32 MXN (8.00 $) |
-9.1 % |
| Domestic Beer (1 pint draught) |
45.00 MXN (2.64 $) |
34.08 MXN (2.00 $) |
-24.3 % |
| Imported Beer (12 oz small bottle) |
70.00 MXN (4.11 $) |
53.25 MXN (3.12 $) |
-23.9 % |
| Cappuccino (regular) |
55.96 MXN (3.28 $) |
59.42 MXN (3.49 $) |
+6.2 % |
| Coke/Pepsi (12 oz small bottle) |
22.31 MXN (1.31 $) |
26.94 MXN (1.58 $) |
+20.7 % |
| Water (12 oz small bottle) |
16.57 MXN (0.97 $) |
20.68 MXN (1.21 $) |
+24.9 % |
Markets | Mexico Edit |
Panama Edit | |
| Milk (regular), (1 gallon) |
100.46 MXN (5.90 $) |
110.72 MXN (6.50 $) |
+10.2 % |
| Loaf of Fresh White Bread (1 lb) |
41.74 MXN (2.45 $) |
36.22 MXN (2.13 $) |
-13.2 % |
| Rice (white), (1 lb) |
13.78 MXN (0.81 $) |
16.41 MXN (0.96 $) |
+19.1 % |
| Eggs (regular) (12) |
43.25 MXN (2.54 $) |
42.03 MXN (2.47 $) |
-2.8 % |
| Local Cheese (1 lb) |
69.37 MXN (4.07 $) |
80.27 MXN (4.71 $) |
+15.7 % |
| Chicken Fillets (1 lb) |
63.28 MXN (3.71 $) |
55.73 MXN (3.27 $) |
-11.9 % |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) |
88.68 MXN (5.20 $) |
63.98 MXN (3.75 $) |
-27.9 % |
| Apples (1 lb) |
22.70 MXN (1.33 $) |
23.47 MXN (1.38 $) |
+3.4 % |
| Banana (1 lb) |
11.03 MXN (0.65 $) |
10.40 MXN (0.61 $) |
-5.7 % |
| Oranges (1 lb) |
13.67 MXN (0.80 $) |
21.46 MXN (1.26 $) |
+57.0 % |
| Tomato (1 lb) |
13.84 MXN (0.81 $) |
22.71 MXN (1.33 $) |
+64.1 % |
| Potato (1 lb) |
16.14 MXN (0.95 $) |
16.11 MXN (0.95 $) |
-0.2 % |
| Onion (1 lb) |
13.75 MXN (0.81 $) |
15.61 MXN (0.92 $) |
+13.6 % |
| Lettuce (1 head) |
21.51 MXN (1.26 $) |
32.89 MXN (1.93 $) |
+52.9 % |
| Water (1.5 liter bottle) |
17.67 MXN (1.04 $) |
25.80 MXN (1.51 $) |
+46.0 % |
| Bottle of Wine (Mid-Range) |
200.00 MXN (11.74 $) |
136.32 MXN (8.00 $) |
-31.8 % |
| Domestic Beer (0.5 liter bottle) |
28.01 MXN (1.64 $) |
20.19 MXN (1.18 $) |
-27.9 % |
| Imported Beer (12 oz small bottle) |
49.64 MXN (2.91 $) |
32.37 MXN (1.90 $) |
-34.8 % |
| Cigarettes 20 Pack (Marlboro) |
75.00 MXN (4.40 $) |
97.98 MXN (5.75 $) |
+30.6 % |
Transportation | Mexico Edit |
Panama Edit | |
| One-way Ticket (Local Transport) |
11.00 MXN (0.65 $) |
7.67 MXN (0.45 $) |
-30.3 % |
| Monthly Pass (Regular Price) |
500.00 MXN (29.34 $) |
425.99 MXN (25.00 $) |
-14.8 % |
| Taxi Start (Normal Tariff) |
50.00 MXN (2.93 $) |
34.08 MXN (2.00 $) |
-31.8 % |
| Taxi 1 mile (Normal Tariff) |
48.28 MXN (2.83 $) |
47.99 MXN (2.82 $) |
-0.6 % |
| Taxi 1hour Waiting (Normal Tariff) |
150.00 MXN (8.80 $) |
340.79 MXN (20.00 $) |
+127.2 % |
| Gasoline (1 gallon) |
90.09 MXN (5.29 $) |
63.40 MXN (3.72 $) |
-29.6 % |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) |
389,000.00 MXN (22,829.28 $) |
413,208.36 MXN (24,250.00 $) |
+6.2 % |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) |
408,610.50 MXN (23,980.16 $) |
344,001.69 MXN (20,188.46 $) |
-15.8 % |
Utilities (Monthly) | Mexico Edit |
Panama Edit | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment |
1,226.15 MXN (71.96 $) |
1,660.14 MXN (97.43 $) |
+35.4 % |
| Mobile Phone Monthly Plan with Calls and 10GB+ Data |
432.01 MXN (25.35 $) |
506.22 MXN (29.71 $) |
+17.2 % |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) |
519.48 MXN (30.49 $) |
828.91 MXN (48.65 $) |
+59.6 % |
Sports And Leisure | Mexico Edit |
Panama Edit | |
| Fitness Club, Monthly Fee for 1 Adult |
637.56 MXN (37.42 $) |
800.24 MXN (46.96 $) |
+25.5 % |
| Tennis Court Rent (1 Hour on Weekend) |
340.36 MXN (19.97 $) |
536.74 MXN (31.50 $) |
+57.7 % |
| Cinema, International Release, 1 Seat |
85.71 MXN (5.03 $) |
119.28 MXN (7.00 $) |
+39.2 % |
Childcare | Mexico Edit |
Panama Edit | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child |
4,399.12 MXN (258.17 $) |
6,153.16 MXN (361.11 $) |
+39.9 % |
| International Primary School, Yearly for 1 Child |
94,259.66 MXN (5,531.83 $) |
140,415.87 MXN (8,240.60 $) |
+49.0 % |
Clothing And Shoes | Mexico Edit |
Panama Edit | |
| 1 Pair of Jeans (Levis 501 Or Similar) |
956.96 MXN (56.16 $) |
834.16 MXN (48.95 $) |
-12.8 % |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) |
722.75 MXN (42.42 $) |
669.03 MXN (39.26 $) |
-7.4 % |
| 1 Pair of Nike Running Shoes (Mid-Range) |
1,667.16 MXN (97.84 $) |
1,342.42 MXN (78.78 $) |
-19.5 % |
| 1 Pair of Men Leather Business Shoes |
1,532.80 MXN (89.96 $) |
1,452.84 MXN (85.26 $) |
-5.2 % |
Rent Per Month | Mexico Edit |
Panama Edit | |
| Apartment (1 bedroom) in City Centre |
11,788.62 MXN (691.84 $) |
13,928.66 MXN (817.43 $) |
+18.2 % |
| Apartment (1 bedroom) Outside of Centre |
8,022.68 MXN (470.83 $) |
9,326.63 MXN (547.35 $) |
+16.3 % |
| Apartment (3 bedrooms) in City Centre |
22,400.39 MXN (1,314.61 $) |
28,766.72 MXN (1,688.24 $) |
+28.4 % |
| Apartment (3 bedrooms) Outside of Centre |
15,207.27 MXN (892.47 $) |
17,569.45 MXN (1,031.10 $) |
+15.5 % |
Buy Apartment Price | Mexico Edit |
Panama Edit | |
| Price per Square Feet to Buy Apartment in City Centre |
3,190.83 MXN (187.26 $) |
3,701.45 MXN (217.23 $) |
+16.0 % |
| Price per Square Feet to Buy Apartment Outside of Centre |
2,157.52 MXN (126.62 $) |
2,216.21 MXN (130.06 $) |
+2.7 % |
Salaries And Financing | Mexico Edit |
Panama Edit | |
| Average Monthly Net Salary (After Tax) |
13,067.39 MXN (766.89 $) |
13,505.40 MXN (792.59 $) |
+3.4 % |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 11.40 | 6.20 | -45.6 % |
| Last update: | April 2024 | April 2024 | |
| Contributors in the past 12 months: | 1052 | 117 |
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