Cost of Living Comparison Between Panama and Mexico 
| Indices Difference |  |
|---|---|
| Consumer Prices in Mexico are 23.82% lower than in Panama (without rent) | |
| Consumer Prices Including Rent in Mexico are 26.41% lower than in Panama | |
| Rent Prices in Mexico are 33.77% lower than in Panama | |
| Restaurant Prices in Mexico are 13.11% lower than in Panama | |
| Groceries Prices in Mexico are 24.51% lower than in Panama | |
| Local Purchasing Power in Mexico is 22.09% higher than in Panama | |
Restaurants | Panama Edit |
Mexico Edit | Difference |
|---|---|---|---|
| Meal, Inexpensive Restaurant |
6.00 $ (119.82 MXN) |
7.51 $ (150.00 MXN) |
+25.19 % |
| Meal for 2 People, Mid-range Restaurant, Three-course |
45.00 $ (898.67 MXN) |
30.04 $ (600.00 MXN) |
-33.23 % |
| McMeal at McDonalds (or Equivalent Combo Meal) |
7.00 $ (139.79 MXN) |
6.01 $ (120.00 MXN) |
-14.16 % |
| Domestic Beer (1 pint draught) |
2.00 $ (39.94 MXN) |
1.90 $ (38.00 MXN) |
-4.86 % |
| Imported Beer (12 oz small bottle) |
3.00 $ (59.91 MXN) |
3.00 $ (60.00 MXN) |
+0.15 % |
| Cappuccino (regular) |
2.93 $ (58.59 MXN) |
2.36 $ (47.17 MXN) |
-19.48 % |
| Coke/Pepsi (12 oz small bottle) |
1.50 $ (29.91 MXN) |
0.89 $ (17.78 MXN) |
-40.55 % |
| Water (12 oz small bottle) |
1.17 $ (23.28 MXN) |
0.65 $ (13.03 MXN) |
-44.02 % |
Markets | Panama Edit |
Mexico Edit | |
| Milk (regular), (1 gallon) |
5.96 $ (118.95 MXN) |
4.15 $ (82.90 MXN) |
-30.31 % |
| Loaf of Fresh White Bread (1 lb) |
1.87 $ (37.44 MXN) |
1.59 $ (31.66 MXN) |
-15.44 % |
| Rice (white), (1 lb) |
0.86 $ (17.26 MXN) |
0.60 $ (12.01 MXN) |
-30.40 % |
| Eggs (regular) (12) |
2.05 $ (40.90 MXN) |
1.60 $ (31.92 MXN) |
-21.96 % |
| Local Cheese (1 lb) |
3.72 $ (74.35 MXN) |
2.74 $ (54.72 MXN) |
-26.40 % |
| Chicken Fillets (1 lb) |
3.08 $ (61.44 MXN) |
2.43 $ (48.43 MXN) |
-21.18 % |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) |
3.67 $ (73.33 MXN) |
3.91 $ (78.14 MXN) |
+6.55 % |
| Apples (1 lb) |
1.24 $ (24.81 MXN) |
1.07 $ (21.45 MXN) |
-13.56 % |
| Banana (1 lb) |
0.62 $ (12.33 MXN) |
0.50 $ (10.01 MXN) |
-18.80 % |
| Oranges (1 lb) |
0.99 $ (19.77 MXN) |
0.48 $ (9.68 MXN) |
-51.05 % |
| Tomato (1 lb) |
1.22 $ (24.31 MXN) |
0.56 $ (11.17 MXN) |
-54.07 % |
| Potato (1 lb) |
0.84 $ (16.72 MXN) |
0.57 $ (11.37 MXN) |
-31.99 % |
| Onion (1 lb) |
0.89 $ (17.82 MXN) |
0.54 $ (10.74 MXN) |
-39.77 % |
| Lettuce (1 head) |
1.53 $ (30.59 MXN) |
0.85 $ (16.98 MXN) |
-44.50 % |
| Water (1.5 liter bottle) |
1.48 $ (29.65 MXN) |
0.79 $ (15.70 MXN) |
-47.05 % |
| Bottle of Wine (Mid-Range) |
9.00 $ (179.73 MXN) |
10.01 $ (200.00 MXN) |
+11.28 % |
| Domestic Beer (0.5 liter bottle) |
1.10 $ (21.95 MXN) |
1.18 $ (23.56 MXN) |
+7.31 % |
| Imported Beer (12 oz small bottle) |
1.85 $ (36.99 MXN) |
2.15 $ (42.91 MXN) |
+15.99 % |
| Cigarettes 20 Pack (Marlboro) |
5.75 $ (114.83 MXN) |
3.25 $ (65.00 MXN) |
-43.39 % |
Transportation | Panama Edit |
Mexico Edit | |
| One-way Ticket (Local Transport) |
0.35 $ (6.99 MXN) |
0.50 $ (10.00 MXN) |
+43.07 % |
| Monthly Pass (Regular Price) |
30.00 $ (599.11 MXN) |
17.53 $ (350.00 MXN) |
-41.58 % |
| Taxi Start (Normal Tariff) |
2.00 $ (39.94 MXN) |
2.00 $ (40.00 MXN) |
+0.15 % |
| Taxi 1 mile (Normal Tariff) |
3.22 $ (64.28 MXN) |
1.61 $ (32.19 MXN) |
-49.93 % |
| Taxi 1hour Waiting (Normal Tariff) |
15.00 $ (299.56 MXN) |
7.51 $ (150.00 MXN) |
-49.93 % |
| Gasoline (1 gallon) |
3.73 $ (74.49 MXN) |
4.20 $ (83.88 MXN) |
+12.60 % |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) |
20,000.00 $ (399,407.22 MXN) |
17,525.97 $ (350,000.00 MXN) |
-12.37 % |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) |
18,933.33 $ (378,105.50 MXN) |
17,825.44 $ (355,980.43 MXN) |
-5.85 % |
Utilities (Monthly) | Panama Edit |
Mexico Edit | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment |
84.70 $ (1,691.48 MXN) |
50.25 $ (1,003.51 MXN) |
-40.67 % |
| 1 min. of Prepaid Mobile Tariff Local (No Discounts or Plans) |
0.16 $ (3.25 MXN) |
0.07 $ (1.34 MXN) |
-58.81 % |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) |
42.97 $ (858.16 MXN) |
26.32 $ (525.65 MXN) |
-38.75 % |
Sports And Leisure | Panama Edit |
Mexico Edit | |
| Fitness Club, Monthly Fee for 1 Adult |
36.74 $ (733.70 MXN) |
29.21 $ (583.27 MXN) |
-20.50 % |
| Tennis Court Rent (1 Hour on Weekend) |
30.83 $ (615.75 MXN) |
12.90 $ (257.66 MXN) |
-58.16 % |
| Cinema, International Release, 1 Seat |
5.50 $ (109.84 MXN) |
4.01 $ (80.00 MXN) |
-27.16 % |
Childcare | Panama Edit |
Mexico Edit | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child |
360.50 $ (7,199.32 MXN) |
178.35 $ (3,561.72 MXN) |
-50.53 % |
| International Primary School, Yearly for 1 Child |
12,155.80 $ (242,755.71 MXN) |
3,872.59 $ (77,336.93 MXN) |
-68.14 % |
Clothing And Shoes | Panama Edit |
Mexico Edit | |
| 1 Pair of Jeans (Levis 501 Or Similar) |
44.00 $ (878.70 MXN) |
42.06 $ (839.92 MXN) |
-4.41 % |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) |
38.21 $ (763.15 MXN) |
32.73 $ (653.60 MXN) |
-14.36 % |
| 1 Pair of Nike Running Shoes (Mid-Range) |
66.05 $ (1,318.99 MXN) |
73.00 $ (1,457.91 MXN) |
+10.53 % |
| 1 Pair of Men Leather Business Shoes |
82.37 $ (1,644.93 MXN) |
64.76 $ (1,293.36 MXN) |
-21.37 % |
Rent Per Month | Panama Edit |
Mexico Edit | |
| Apartment (1 bedroom) in City Centre |
672.32 $ (13,426.50 MXN) |
434.62 $ (8,679.45 MXN) |
-35.36 % |
| Apartment (1 bedroom) Outside of Centre |
415.74 $ (8,302.49 MXN) |
258.87 $ (5,169.80 MXN) |
-37.73 % |
| Apartment (3 bedrooms) in City Centre |
1,173.21 $ (23,429.51 MXN) |
769.15 $ (15,360.27 MXN) |
-34.44 % |
| Apartment (3 bedrooms) Outside of Centre |
796.46 $ (15,905.54 MXN) |
562.60 $ (11,235.33 MXN) |
-29.36 % |
Buy Apartment Price | Panama Edit |
Mexico Edit | |
| Price per Square Feet to Buy Apartment in City Centre |
181.86 $ (3,631.90 MXN) |
108.45 $ (2,165.71 MXN) |
-40.37 % |
| Price per Square Feet to Buy Apartment Outside of Centre |
115.46 $ (2,305.78 MXN) |
82.44 $ (1,646.38 MXN) |
-28.60 % |
Salaries And Financing | Panama Edit |
Mexico Edit | |
| Average Monthly Net Salary (After Tax) |
702.95 $ (14,038.26 MXN) |
631.52 $ (12,611.62 MXN) |
-10.16 % |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 5.75 | 11.04 | +92.07 % |
| Last update: | May 2022 | May 2022 | |
| Contributors in the past 12 months: | 102 | 1048 |
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