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 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
Currency: Sticky Currency      Switch to metric measurement units
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 2023March 2023
Contributors in the past 12 months:1028126