Cost of Living Comparison Between Mexico and Panama 
| Indices Difference |  |
|---|---|
| Consumer Prices in Panama are 21.2% higher than in Mexico (without rent) | |
| Consumer Prices Including Rent in Panama are 27.2% higher than in Mexico | |
| Rent Prices in Panama are 46.0% higher than in Mexico | |
| Restaurant Prices in Panama are 17.6% higher than in Mexico | |
| Groceries Prices in Panama are 16.7% higher than in Mexico | |
| Local Purchasing Power in Panama is 17.3% lower than in Mexico | |
Restaurants | Mexico Edit |
Panama Edit | Difference |
|---|---|---|---|
| Meal, Inexpensive Restaurant |
150.00 MXN (8.33 $) |
144.14 MXN (8.00 $) |
-3.9 % |
| Meal for 2 People, Mid-range Restaurant, Three-course |
600.00 MXN (33.30 $) |
900.85 MXN (50.00 $) |
+50.1 % |
| McMeal at McDonalds (or Equivalent Combo Meal) |
120.00 MXN (6.66 $) |
126.12 MXN (7.00 $) |
+5.1 % |
| Domestic Beer (1 pint draught) |
40.00 MXN (2.22 $) |
36.03 MXN (2.00 $) |
-9.9 % |
| Imported Beer (12 oz small bottle) |
65.00 MXN (3.61 $) |
58.56 MXN (3.25 $) |
-9.9 % |
| Cappuccino (regular) |
50.01 MXN (2.78 $) |
58.73 MXN (3.26 $) |
+17.4 % |
| Coke/Pepsi (12 oz small bottle) |
18.80 MXN (1.04 $) |
27.85 MXN (1.55 $) |
+48.1 % |
| Water (12 oz small bottle) |
13.81 MXN (0.77 $) |
21.49 MXN (1.19 $) |
+55.6 % |
Markets | Mexico Edit |
Panama Edit | |
| Milk (regular), (1 gallon) |
88.67 MXN (4.92 $) |
110.28 MXN (6.12 $) |
+24.4 % |
| Loaf of Fresh White Bread (1 lb) |
33.86 MXN (1.88 $) |
35.76 MXN (1.98 $) |
+5.6 % |
| Rice (white), (1 lb) |
12.40 MXN (0.69 $) |
15.16 MXN (0.84 $) |
+22.2 % |
| Eggs (regular) (12) |
35.54 MXN (1.97 $) |
39.65 MXN (2.20 $) |
+11.6 % |
| Local Cheese (1 lb) |
60.72 MXN (3.37 $) |
78.98 MXN (4.38 $) |
+30.1 % |
| Chicken Fillets (1 lb) |
54.07 MXN (3.00 $) |
53.98 MXN (3.00 $) |
-0.2 % |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) |
83.98 MXN (4.66 $) |
63.81 MXN (3.54 $) |
-24.0 % |
| Apples (1 lb) |
21.87 MXN (1.21 $) |
24.39 MXN (1.35 $) |
+11.5 % |
| Banana (1 lb) |
10.29 MXN (0.57 $) |
10.60 MXN (0.59 $) |
+3.0 % |
| Oranges (1 lb) |
10.95 MXN (0.61 $) |
20.75 MXN (1.15 $) |
+89.5 % |
| Tomato (1 lb) |
11.97 MXN (0.66 $) |
24.00 MXN (1.33 $) |
+100.5 % |
| Potato (1 lb) |
12.66 MXN (0.70 $) |
15.90 MXN (0.88 $) |
+25.6 % |
| Onion (1 lb) |
11.75 MXN (0.65 $) |
16.45 MXN (0.91 $) |
+39.9 % |
| Lettuce (1 head) |
17.78 MXN (0.99 $) |
34.29 MXN (1.90 $) |
+92.8 % |
| Water (1.5 liter bottle) |
16.16 MXN (0.90 $) |
27.44 MXN (1.52 $) |
+69.8 % |
| Bottle of Wine (Mid-Range) |
200.00 MXN (11.10 $) |
144.14 MXN (8.00 $) |
-27.9 % |
| Domestic Beer (0.5 liter bottle) |
24.47 MXN (1.36 $) |
20.54 MXN (1.14 $) |
-16.1 % |
| Imported Beer (12 oz small bottle) |
44.49 MXN (2.47 $) |
32.03 MXN (1.78 $) |
-28.0 % |
| Cigarettes 20 Pack (Marlboro) |
68.00 MXN (3.77 $) |
103.60 MXN (5.75 $) |
+52.3 % |
Transportation | Mexico Edit |
Panama Edit | |
| One-way Ticket (Local Transport) |
10.00 MXN (0.56 $) |
6.31 MXN (0.35 $) |
-36.9 % |
| Monthly Pass (Regular Price) |
350.00 MXN (19.43 $) |
540.51 MXN (30.00 $) |
+54.4 % |
| Taxi Start (Normal Tariff) |
40.00 MXN (2.22 $) |
36.03 MXN (2.00 $) |
-9.9 % |
| Taxi 1 mile (Normal Tariff) |
32.19 MXN (1.79 $) |
57.99 MXN (3.22 $) |
+80.2 % |
| Taxi 1hour Waiting (Normal Tariff) |
150.00 MXN (8.33 $) |
360.34 MXN (20.00 $) |
+140.2 % |
| Gasoline (1 gallon) |
86.17 MXN (4.78 $) |
72.58 MXN (4.03 $) |
-15.8 % |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) |
350,000.00 MXN (19,426.10 $) |
396,374.00 MXN (22,000.00 $) |
+13.2 % |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) |
368,769.26 MXN (20,467.85 $) |
343,955.79 MXN (19,090.62 $) |
-6.7 % |
Utilities (Monthly) | Mexico Edit |
Panama Edit | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment |
1,050.23 MXN (58.29 $) |
1,653.70 MXN (91.79 $) |
+57.5 % |
| 1 min. of Prepaid Mobile Tariff Local (No Discounts or Plans) |
1.48 MXN (0.08 $) |
2.63 MXN (0.15 $) |
+77.8 % |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) |
518.30 MXN (28.77 $) |
820.88 MXN (45.56 $) |
+58.4 % |
Sports And Leisure | Mexico Edit |
Panama Edit | |
| Fitness Club, Monthly Fee for 1 Adult |
595.38 MXN (33.05 $) |
843.73 MXN (46.83 $) |
+41.7 % |
| Tennis Court Rent (1 Hour on Weekend) |
271.99 MXN (15.10 $) |
492.00 MXN (27.31 $) |
+80.9 % |
| Cinema, International Release, 1 Seat |
80.00 MXN (4.44 $) |
108.10 MXN (6.00 $) |
+35.1 % |
Childcare | Mexico Edit |
Panama Edit | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child |
3,833.79 MXN (212.79 $) |
6,536.17 MXN (362.78 $) |
+70.5 % |
| International Primary School, Yearly for 1 Child |
77,721.48 MXN (4,313.79 $) |
133,336.61 MXN (7,400.60 $) |
+71.6 % |
Clothing And Shoes | Mexico Edit |
Panama Edit | |
| 1 Pair of Jeans (Levis 501 Or Similar) |
867.90 MXN (48.17 $) |
854.31 MXN (47.42 $) |
-1.6 % |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) |
671.06 MXN (37.25 $) |
693.18 MXN (38.47 $) |
+3.3 % |
| 1 Pair of Nike Running Shoes (Mid-Range) |
1,517.16 MXN (84.21 $) |
1,286.41 MXN (71.40 $) |
-15.2 % |
| 1 Pair of Men Leather Business Shoes |
1,365.76 MXN (75.80 $) |
1,504.03 MXN (83.48 $) |
+10.1 % |
Rent Per Month | Mexico Edit |
Panama Edit | |
| Apartment (1 bedroom) in City Centre |
9,352.32 MXN (519.08 $) |
14,085.79 MXN (781.81 $) |
+50.6 % |
| Apartment (1 bedroom) Outside of Centre |
5,774.81 MXN (320.52 $) |
8,061.32 MXN (447.43 $) |
+39.6 % |
| Apartment (3 bedrooms) in City Centre |
16,545.53 MXN (918.33 $) |
26,227.60 MXN (1,455.71 $) |
+58.5 % |
| Apartment (3 bedrooms) Outside of Centre |
11,814.17 MXN (655.72 $) |
15,110.65 MXN (838.69 $) |
+27.9 % |
Buy Apartment Price | Mexico Edit |
Panama Edit | |
| Price per Square Feet to Buy Apartment in City Centre |
2,430.89 MXN (134.92 $) |
3,496.04 MXN (194.04 $) |
+43.8 % |
| Price per Square Feet to Buy Apartment Outside of Centre |
1,641.46 MXN (91.11 $) |
2,026.45 MXN (112.47 $) |
+23.5 % |
Salaries And Financing | Mexico Edit |
Panama Edit | |
| Average Monthly Net Salary (After Tax) |
12,750.12 MXN (707.67 $) |
13,405.77 MXN (744.06 $) |
+5.1 % |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 10.97 | 6.12 | -44.2 % |
| Last update: | April 2023 | March 2023 | |
| Contributors in the past 12 months: | 1028 | 126 |
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