Last update: Oct 2026

Cost of Living Comparison Between Hermosillo and Panama City

For one person, living is cheaper in Hermosillo: $1,201 a month against $1,837 in Panama City, rent and utilities included – about $7,600 less a year. Rent and utilities account for most of the difference.

58

Cost of Living Index in Hermosillo
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Hermosillo Living Index
90

Cost of Living Index in Panama City
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Panama City Living Index

Jump to prices

Hermosillo

🇲🇽 Mexico

$1,201

/mo nomad

Panama City

🇵🇦 Panama

$1,837

/mo nomad

Monthly Cost of Living

How much you'll spend in Hermosillo and in Panama City

Real prices from locals and on-the-ground checks – rent, groceries, transit and the daily extras. Here's what a month in Hermosillo and in Panama City actually costs, broken down by who's living it.

A single person spends $1,201 per month in Hermosillo vs $1,837 in Panama City, rent included.

Hermosillo $1,201
Panama City $1,837

A couple spends around $1,905 per month in Hermosillo vs $2,825 in Panama City, rent included.

Hermosillo $1,905
Panama City $2,825

A family of three spends $2,608 per month in Hermosillo vs $3,812 in Panama City, rent included.

Hermosillo $2,608
Panama City $3,812

Hermosillo is about 35% cheaper than Panama City, and outside of rent the biggest gap is in groceries.

Hermosillo sits 10% below the global median, while Panama City is 37% above – they fall on opposite sides of the world average.

Meal at Budget Restaurant

$10.85 MX$199

$11.34 PAB 11.34

-4.32%

Three-Course Dinner for Two, Mid-Range

$33.17 MX$609

$47.85 PAB 47.85

-30.68%

Fast Food Meal (McDonalds, etc)

$8.31 MX$153

$8.07 PAB 8.07

2.97%

Cappuccino

$3.03 MX$55.6

$4.02 PAB 4.02

-24.63%

Coke/Pepsi/Fanta/Sprite (0.33 liter bottle)

$1.20 MX$21.98

$1.94 PAB 1.94

-38.14%

Water (0.33 liter bottle)

$0.82 MX$15.03

$1.62 PAB 1.62

-49.38%

Local Beer (0.5 liter draught)

$2.80 MX$51.3

$3.26 PAB 3.26

-14.11%

Imported Beer (0.33 liter bottle)

$4.04 MX$74.3

$3.99 PAB 3.99

1.25%

Milk (1 liter)

$1.80 MX$33.00

$1.83 PAB 1.83

-1.64%

White Bread (500g)

$2.28 MX$41.95

$2.57 PAB 2.57

-11.28%

Rice (white) (1kg)

$1.99 MX$36.49

$3.33 PAB 3.33

-40.24%

Eggs

$3.26 MX$59.8

$2.69 PAB 2.69

21.19%

Local Cheese (1kg)

$4.42 MX$81.1

$12.33 PAB 12.33

-64.15%

Chicken Fillets (1kg)

$6.14 MX$113

$6.69 PAB 6.69

-8.22%

Beef Round Steak (1kg)

$13.62 MX$250

$10.40 PAB 10.40

30.96%

Apples (1kg)

$1.98 MX$36.37

$4.16 PAB 4.16

-52.40%

Banana (1kg)

$2.05 MX$37.67

$1.84 PAB 1.84

11.41%

Oranges (1kg)

$2.78 MX$51.1

$4.18 PAB 4.18

-33.49%

Tomato (1kg)

$1.90 MX$34.81

$4.08 PAB 4.08

-53.43%

Potato (1kg)

$2.15 MX$39.42

$3.50 PAB 3.50

-38.57%

Onion (1kg)

$2.16 MX$39.59

$4.37 PAB 4.37

-50.57%

Lettuce (1 head)

$1.02 MX$18.73

$2.34 PAB 2.34

-56.41%

Water (1.5 liter bottle)

$1.52 MX$27.86

$1.75 PAB 1.75

-13.14%

Cigarettes 20 Pack (Marlboro, Camel)

$4.45 MX$81.8

$6.06 PAB 6.06

-26.57%

Wine (Bottle)

$8.69 MX$160

$11.72 PAB 11.72

-25.85%

Local Beer (0.5 liter bottle)

$2.45 MX$44.91

$1.37 PAB 1.37

78.83%

Imported Beer (0.33 liter bottle)

$3.24 MX$59.6

$2.84 PAB 2.84

14.08%

One-way Ticket (Public Transport)

$0.42 MX$7.68

$0.36 PAB 0.36

16.67%

Public Transport Monthly Pass (Regular Price)

$26.20 MX$481

$20.96 PAB 20.96

25.00%

Taxi Start (Normal Tariff)

$2.00 MX$36.66

$2.52 PAB 2.52

-20.63%

Taxi (Normal Tariff) (1km)

$1.79 PAB 1.79

Taxi 1hour Waiting (Normal Tariff)

$11.28 MX$207

$22.01 PAB 22.01

-48.75%

Gasoline (1 liter)

$1.44 MX$26.49

$1.25 PAB 1.25

15.20%

Midsize Hatchback 1.4l (Volkswagen Golf, Toyota Prius, Honda Civic, etc)

$21.2K MX$389.5K

$21.5K PAB 21.5K

-1.49%

Compact Sedan 1.6l (Toyota Corolla, Mazda3, Kia K4, Hyundai Elantra, etc)

$24.6K MX$452.0K

$21.2K PAB 21.2K

16.16%

Utilities for 2 People in 2-bedroom Apartment (Heating, Electricity, Gas, Water, Garbage) (85m2)

$98.3 MX$1,804

$131 PAB 131

-25.09%

SIM Card Monthly Plan (Calls and 10GB+ Data)

$29.47 MX$541

$27.68 PAB 27.68

6.47%

Internet (50+ Mbps, Unlimited Data)

$32.90 MX$604

$48.59 PAB 48.59

-32.29%

Gym Membership (Monthly)

$52.8 MX$970

$46.11 PAB 46.11

14.53%

Tennis Court (1 Hour on Weekend)

$20.42 MX$375

$35.01 PAB 35.01

-41.67%

Cinema Ticket

$4.50 MX$82.7

$8.73 PAB 8.73

-48.45%

Preschool or Kindergarten, Full Day, Private, 1 Child (Monthly)

$299 MX$5,493

$551 PAB 551

-45.66%

International Primary School, 1 Child (Yearly)

$5,007 MX$91.9K

$9,560 PAB 9,560

-47.63%

Jeans (Levis 501 Or Similar)

$91.0 MX$1,671

$67.6 PAB 67.6

34.64%

Summer Dress (H&M, Zara, etc)

$36.31 MX$667

$48.03 PAB 48.03

-24.40%

Sport Shoes (Adidas, Nike)

$149 MX$2,731

$94.9 PAB 94.9

56.75%

Men's Leather Business Shoes

$127 MX$2,330

$113 PAB 113

12.36%

1-bedroom Apartment, City Center (Monthly)

$538 MX$9,873

$1,238 PAB 1,238

-56.55%

1-bedroom Apartment, Outside City Center (Monthly)

$320 MX$5,883

$873 PAB 873

-63.30%

3-bedroom Apartment, City Center (Monthly)

$1,015 MX$18.6K

$2,197 PAB 2,197

-53.81%

3-bedroom Apartment, Outside City Center (Monthly)

$709 MX$13.0K

$1,538 PAB 1,538

-53.89%

Buy Apartment in City Center (m2)

$1,820 MX$33.4K

$3,116 PAB 3,116

-41.59%

Buy Apartment Outside City Center (m2)

$750 MX$13.8K

$1,725 PAB 1,725

-56.50%

Average Monthly Net Salary (After Tax)

$886 MX$16.3K

$934 PAB 934

-5.16%

20-Year Fixed Mortgage Interest Rate (Annual %)

11.6

6.39

81.53%

CityCost data is based on AI and user input – minor inaccuracies may occur.

Last update for Hermosillo: October 4, 2026

Last update for Panama City: October 3, 2026

Monthly budget structure

Share of the monthly basket for one person, rent included.

Accommodation & Living

Hermosillo

$320 26.9%

Panama City

$873 47.2% 173% $553

Groceries & Markets

Hermosillo

$259 21.7%

Panama City

$324 17.5% 25.4% $66

Clothing & Footwear

Hermosillo

$181 15.2%

Panama City

$146 7.9% 19.7% $36

Eating Out

Hermosillo

$178 15%

Panama City

$202 10.9% 13.1% $23

Monthly Utilities & Internet

Hermosillo

$161 13.5%

Panama City

$207 11.2% 29.1% $47

Sport & Entertainment

Hermosillo

$62 5.2%

Panama City

$64 3.4% 2.8% $1.8

Getting Around

Hermosillo

$30 * 2.5%

Panama City

$34 1.8% 13.4% $4

Categories marked with * are only partly priced – their share counts the items that do have prices.

Cost Breakdown

A central one-bedroom costs $538 in Hermosillo versus $1,238 in Panama City. Rent is usually the largest line item in a monthly budget, so the gap here sets the tone for the overall comparison.

Salaries run about 5% higher in Panama City, which partly offsets the higher cost of living there. Purchasing power depends on which expenses matter most to you.

A mid-range dinner for two costs $33.00 in Hermosillo versus $48.00 in Panama City. Monthly groceries follow the same trend: $259 vs $324 – making Hermosillo the more affordable choice for daily food spending.

Good to know

🇲🇽 Hermosillo

🇵🇦 Panama City

🕒 Local time

18:07 6:07 PM

20:07 8:07 PM

2 h ahead of Hermosillo

🌤 Weather

👥 Population

855,563

1,086,990 Capital

💱 Currency

Mexican Peso MXN $

Panamanian Balboa PAB B/.

📈 Exchange rate

100 MXN = 5.45 USD

100 MXN = 4.86 EUR

1 PAB = 1 USD

1 PAB = 0.892 EUR

Exchange rates and currency converter

PAB, USD, EUR to MXN – Mexican Peso Converter

🇺🇸 United States Dollar ($)

🇲🇽 Mexican Peso ($)

Mexican Peso exchange rates as of October 10, 2026: 1 USD = 18.36 MXN (100 MXN = 5.45 USD). 1 EUR = 20.59 MXN (100 MXN = 4.86 EUR).

Panamanian Balboa exchange rates as of October 10, 2026: 1 USD = 1 PAB (1 PAB = 1 USD). 1 EUR = 1.12 PAB (1 PAB = 0.892 EUR).

USD to MXN in detail →

On the map

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Between locations

Hermosillo Panama City 3,970 km ≈ 5 h nonstop flight

From you

Hermosillo
Panama City

Distances are measured in a straight line. Your location is detected approximately.

City Median Internet Speeds Comparison (Updated April 2026)

The chart highlights the Precision Threshold for mobile and fixed broadband internet speeds, updated quarterly.

Digital Nomad Cost of Living Index

Hermosillo vs Panama City: Cost of Living - Frequently Asked Questions

Panama City costs about 53% more than Hermosillo, and outside of rent the gap comes mainly from groceries. That's enough to noticeably affect everyday spending and lifestyle for anyone choosing between the two.

For a comfortable life, plan on about $1,802 per month in Hermosillo and $2,756 in Panama City. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

Rent is clearly cheaper in Hermosillo, especially for central apartments. Housing is actually the single biggest factor behind the overall cost gap between these two cities.

Public transport costs about 25% less in Hermosillo. For daily commuters, that gap adds up to noticeable savings over a year.

Kindergarten costs $299 per month in Hermosillo and $551 in Panama City. For families with young kids, this one expense can tip the scales when choosing between the two cities.

A $1,000 monthly budget goes further in Hermosillo, where all-in costs run around $1,201, than in Panama City at $1,837. In Hermosillo it covers expenses comfortably, while in Panama City it requires careful planning or may not stretch far enough.

For digital nomads, it depends on budget. Hermosillo costs $1,201 versus $1,837 in Panama City. Both have workable remote work infrastructure, but the cost gap matters when income varies month to month.

If budget matters most, go with Hermosillo. If higher salaries, better infrastructure, or specific career opportunities are the priority, Panama City makes more sense. Both are solid long-term options with distinct trade-offs.