Cost of Living Comparison Between Panama and Mexico Reverse

For major cities in those countries you get more relevant data by specifying cities.
City in Panama:
City in Mexico:
Indices DifferenceInfo
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
Currency: Sticky Currency      Switch to metric measurement units
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 2022May 2022
Contributors in the past 12 months:1021048