Cost of Living Comparison Between Panama and Mexico 
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| Indices Difference |  |
|---|---|
| Cost of Living in Mexico is 13.8% lower than in Panama (excluding rent) | |
| Cost of Living Including Rent in Mexico is 19.4% lower than in Panama | |
| Rent Prices in Mexico are 33.0% lower than in Panama | |
| Restaurant Prices in Mexico are 4.7% lower than in Panama | |
| Groceries Prices in Mexico are 14.8% lower than in Panama | |
| Local Purchasing Power in Mexico is 6.3% higher than in Panama | |
Restaurants | Panama Edit |
Mexico Edit | Difference |
|---|---|---|---|
| Meal, Inexpensive Restaurant |
10.00 $ (192.44 MXN) |
10.39 $ (200.00 MXN) |
+3.9 % |
| Meal for 2 People, Mid-range Restaurant, Three-course |
50.00 $ (962.18 MXN) |
41.57 $ (800.00 MXN) |
-16.9 % |
| McMeal at McDonalds (or Equivalent Combo Meal) |
7.49 $ (144.13 MXN) |
7.79 $ (150.00 MXN) |
+4.1 % |
| Domestic Beer (1 pint draught) |
2.00 $ (38.49 MXN) |
2.34 $ (45.00 MXN) |
+16.9 % |
| Imported Beer (12 oz small bottle) |
3.50 $ (67.35 MXN) |
4.16 $ (80.00 MXN) |
+18.8 % |
| Cappuccino (regular) |
3.47 $ (66.83 MXN) |
3.28 $ (63.05 MXN) |
-5.7 % |
| Coke/Pepsi (12 oz small bottle) |
1.48 $ (28.44 MXN) |
1.27 $ (24.44 MXN) |
-14.1 % |
| Water (12 oz small bottle) |
1.22 $ (23.42 MXN) |
0.93 $ (17.94 MXN) |
-23.4 % |
Markets | Panama Edit |
Mexico Edit | |
| Milk (regular), (1 gallon) |
6.85 $ (131.83 MXN) |
5.55 $ (106.89 MXN) |
-18.9 % |
| Loaf of Fresh White Bread (1 lb) |
2.21 $ (42.59 MXN) |
2.32 $ (44.71 MXN) |
+5.0 % |
| Rice (white), (1 lb) |
1.04 $ (20.08 MXN) |
0.77 $ (14.87 MXN) |
-26.0 % |
| Eggs (regular) (12) |
2.67 $ (51.35 MXN) |
2.37 $ (45.60 MXN) |
-11.2 % |
| Local Cheese (1 lb) |
5.31 $ (102.16 MXN) |
3.82 $ (73.42 MXN) |
-28.1 % |
| Chicken Fillets (1 lb) |
3.29 $ (63.36 MXN) |
3.40 $ (65.51 MXN) |
+3.4 % |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) |
4.08 $ (78.47 MXN) |
4.86 $ (93.61 MXN) |
+19.3 % |
| Apples (1 lb) |
1.83 $ (35.25 MXN) |
1.23 $ (23.67 MXN) |
-32.9 % |
| Banana (1 lb) |
0.60 $ (11.55 MXN) |
0.65 $ (12.50 MXN) |
+8.3 % |
| Oranges (1 lb) |
1.27 $ (24.53 MXN) |
0.84 $ (16.09 MXN) |
-34.4 % |
| Tomato (1 lb) |
1.33 $ (25.60 MXN) |
0.81 $ (15.64 MXN) |
-38.9 % |
| Potato (1 lb) |
0.95 $ (18.34 MXN) |
0.89 $ (17.05 MXN) |
-7.0 % |
| Onion (1 lb) |
1.05 $ (20.14 MXN) |
0.89 $ (17.12 MXN) |
-15.0 % |
| Lettuce (1 head) |
2.08 $ (39.93 MXN) |
1.26 $ (24.24 MXN) |
-39.3 % |
| Water (1.5 liter bottle) |
1.56 $ (29.97 MXN) |
1.01 $ (19.43 MXN) |
-35.2 % |
| Bottle of Wine (Mid-Range) |
10.00 $ (192.44 MXN) |
10.39 $ (200.00 MXN) |
+3.9 % |
| Domestic Beer (0.5 liter bottle) |
1.20 $ (23.13 MXN) |
1.58 $ (30.43 MXN) |
+31.6 % |
| Imported Beer (12 oz small bottle) |
2.15 $ (41.31 MXN) |
2.91 $ (55.93 MXN) |
+35.4 % |
| Cigarettes 20 Pack (Marlboro) |
5.92 $ (114.02 MXN) |
4.16 $ (80.00 MXN) |
-29.8 % |
Transportation | Panama Edit |
Mexico Edit | |
| One-way Ticket (Local Transport) |
0.55 $ (10.58 MXN) |
0.57 $ (11.00 MXN) |
+3.9 % |
| Monthly Pass (Regular Price) |
25.00 $ (481.09 MXN) |
25.98 $ (500.00 MXN) |
+3.9 % |
| Taxi Start (Normal Tariff) |
2.00 $ (38.49 MXN) |
2.60 $ (50.00 MXN) |
+29.9 % |
| Taxi 1 mile (Normal Tariff) |
3.22 $ (61.94 MXN) |
3.35 $ (64.37 MXN) |
+3.9 % |
| Taxi 1hour Waiting (Normal Tariff) |
21.00 $ (404.12 MXN) |
10.20 $ (196.22 MXN) |
-51.4 % |
| Gasoline (1 gallon) |
3.50 $ (67.38 MXN) |
4.81 $ (92.51 MXN) |
+37.3 % |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) |
20,000.00 $ (384,872.00 MXN) |
20,785.61 $ (399,990.00 MXN) |
+3.9 % |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) |
21,464.58 $ (413,055.86 MXN) |
22,458.96 $ (432,191.17 MXN) |
+4.6 % |
Utilities (Monthly) | Panama Edit |
Mexico Edit | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment |
109.00 $ (2,097.61 MXN) |
61.99 $ (1,192.89 MXN) |
-43.1 % |
| Mobile Phone Monthly Plan with Calls and 10GB+ Data |
29.47 $ (567.03 MXN) |
22.94 $ (441.53 MXN) |
-22.1 % |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) |
48.89 $ (940.84 MXN) |
27.67 $ (532.47 MXN) |
-43.4 % |
Sports And Leisure | Panama Edit |
Mexico Edit | |
| Fitness Club, Monthly Fee for 1 Adult |
52.30 $ (1,006.53 MXN) |
35.06 $ (674.63 MXN) |
-33.0 % |
| Tennis Court Rent (1 Hour on Weekend) |
35.71 $ (687.27 MXN) |
18.04 $ (347.10 MXN) |
-49.5 % |
| Cinema, International Release, 1 Seat |
7.00 $ (134.71 MXN) |
4.68 $ (90.00 MXN) |
-33.2 % |
Childcare | Panama Edit |
Mexico Edit | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child |
446.67 $ (8,595.47 MXN) |
239.73 $ (4,613.20 MXN) |
-46.3 % |
| International Primary School, Yearly for 1 Child |
10,425.00 $ (200,614.53 MXN) |
5,515.33 $ (106,134.76 MXN) |
-47.1 % |
Clothing And Shoes | Panama Edit |
Mexico Edit | |
| 1 Pair of Jeans (Levis 501 Or Similar) |
48.21 $ (927.82 MXN) |
52.16 $ (1,003.83 MXN) |
+8.2 % |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) |
41.15 $ (791.95 MXN) |
40.25 $ (774.49 MXN) |
-2.2 % |
| 1 Pair of Nike Running Shoes (Mid-Range) |
83.67 $ (1,610.05 MXN) |
91.94 $ (1,769.20 MXN) |
+9.9 % |
| 1 Pair of Men Leather Business Shoes |
110.45 $ (2,125.54 MXN) |
86.72 $ (1,668.79 MXN) |
-21.5 % |
Rent Per Month | Panama Edit |
Mexico Edit | |
| Apartment (1 bedroom) in City Centre |
914.84 $ (17,604.89 MXN) |
641.33 $ (12,341.41 MXN) |
-29.9 % |
| Apartment (1 bedroom) Outside of Centre |
698.62 $ (13,443.98 MXN) |
446.01 $ (8,582.89 MXN) |
-36.2 % |
| Apartment (3 bedrooms) in City Centre |
1,778.87 $ (34,231.80 MXN) |
1,235.37 $ (23,772.98 MXN) |
-30.6 % |
| Apartment (3 bedrooms) Outside of Centre |
1,355.77 $ (26,089.88 MXN) |
858.09 $ (16,512.65 MXN) |
-36.7 % |
Buy Apartment Price | Panama Edit |
Mexico Edit | |
| Price per Square Feet to Buy Apartment in City Centre |
193.28 $ (3,719.47 MXN) |
182.30 $ (3,508.02 MXN) |
-5.7 % |
| Price per Square Feet to Buy Apartment Outside of Centre |
143.56 $ (2,762.67 MXN) |
125.51 $ (2,415.36 MXN) |
-12.6 % |
Salaries And Financing | Panama Edit |
Mexico Edit | |
| Average Monthly Net Salary (After Tax) |
826.28 $ (15,900.65 MXN) |
707.49 $ (13,614.74 MXN) |
-14.4 % |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 6.30 | 11.45 | +81.7 % |
| Last update: | 22 May 2025 | 25 May 2025 | |
| Contributors in the past 12 months: | 94 | 1036 |
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