Cost of Living Comparison Between Mexico City and Panama City Cost of Living Comparison Between Mexico City and Panama City

🙂 Solo nomad: Mexico City is 2.7% cheaper than Panama City without rent, and 20.2% cheaper with rent.

😐 Family of 3: Mexico City is 1.5% more expensive than Panama City without rent, and 12.5% cheaper with rent.

Meal at Budget Restaurant

$13.19 MX$233

$9.95 PAB 9.95

32.56%

Three-Course Dinner for Two, Mid-Range

$53.5 MX$944

$49.92 PAB 49.92

7.19%

Fast Food Meal (McDonalds, etc)

$9.37 MX$165

$8.01 PAB 8.01

16.98%

Cappuccino

$3.75 MX$66.2

$3.66 PAB 3.66

2.46%

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

$1.57 MX$27.71

$1.72 PAB 1.72

-8.72%

Water (0.33 liter bottle)

$1.11 MX$19.61

$1.38 PAB 1.38

-19.57%

Local Beer (0.5 liter draught)

$3.12 MX$55.1

$2.92 PAB 2.92

6.85%

Imported Beer (0.33 liter bottle)

$4.81 MX$84.9

$4.08 PAB 4.08

17.89%

Milk (1 liter)

$1.65 MX$29.16

$1.91 PAB 1.91

-13.61%

White Bread (500g)

$2.77 MX$48.87

$2.46 PAB 2.46

12.60%

Rice (white) (1kg)

$1.91 MX$33.67

$2.41 PAB 2.41

-20.75%

Eggs

$2.60 MX$45.81

$2.82 PAB 2.82

-7.80%

Local Cheese (1kg)

$10.21 MX$180

$11.49 PAB 11.49

-11.14%

Chicken Fillets (1kg)

$8.46 MX$149

$7.24 PAB 7.24

16.85%

Beef Round Steak (1kg)

$11.60 MX$205

$9.90 PAB 9.90

17.17%

Apples (1kg)

$3.00 MX$52.9

$3.38 PAB 3.38

-11.24%

Banana (1kg)

$1.73 MX$30.49

$1.48 PAB 1.48

16.89%

Oranges (1kg)

$2.04 MX$36.05

$2.87 PAB 2.87

-28.92%

Tomato (1kg)

$2.00 MX$35.34

$3.23 PAB 3.23

-38.08%

Potato (1kg)

$2.15 MX$37.91

$2.30 PAB 2.30

-6.52%

Onion (1kg)

$2.25 MX$39.71

$2.89 PAB 2.89

-22.15%

Lettuce (1 head)

$1.39 MX$24.57

$2.22 PAB 2.22

-37.39%

Water (1.5 liter bottle)

$1.07 MX$18.88

$1.59 PAB 1.59

-32.70%

Cigarettes 20 Pack (Marlboro, Camel)

$4.13 MX$73.0

$6.09 PAB 6.09

-32.18%

Wine (Bottle)

$12.35 MX$218

$9.83 PAB 9.83

25.64%

Local Beer (0.5 liter bottle)

$1.70 MX$30.02

$1.26 PAB 1.26

34.92%

Imported Beer (0.33 liter bottle)

$3.56 MX$62.8

$2.46 PAB 2.46

44.72%

One-way Ticket (Public Transport)

$0.36 MX$6.35

$0.41 PAB 0.41

-12.20%

Public Transport Monthly Pass (Regular Price)

$18.70 MX$330

$22.67 PAB 22.67

-17.51%

Taxi Start (Normal Tariff)

$1.36 MX$24.05

$2.56 PAB 2.56

-46.88%

Taxi (Normal Tariff) (1km)

$0.28 MX$4.88

$1.78 PAB 1.78

-84.27%

Taxi 1hour Waiting (Normal Tariff)

$5.44 MX$96.0

$22.26 PAB 22.26

-75.56%

Gasoline (1 liter)

$1.34 MX$23.64

$0.93 PAB 0.93

44.09%

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

$19.0K MX$335.5K

$19.5K PAB 19.5K

-2.62%

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

$23.3K MX$411.1K

$20.2K PAB 20.2K

15.10%

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

$40.62 MX$717

$125 PAB 125

-67.43%

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

$26.92 MX$475

$30.03 PAB 30.03

-10.36%

Internet (50+ Mbps, Unlimited Data)

$29.98 MX$529

$48.56 PAB 48.56

-38.26%

Gym Membership (Monthly)

$52.2 MX$922

$46.20 PAB 46.20

13.01%

Tennis Court (1 Hour on Weekend)

$25.91 MX$457

$32.29 PAB 32.29

-19.76%

Cinema Ticket

$6.39 MX$113

$7.96 PAB 7.96

-19.72%

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

$431 MX$7,603

$474 PAB 474

-9.11%

International Primary School, 1 Child (Yearly)

$10.4K MX$184.0K

$15.8K PAB 15.8K

-33.98%

Jeans (Levis 501 Or Similar)

$58.4 MX$1,031

$51.9 PAB 51.9

12.58%

Summer Dress (H&M, Zara, etc)

$44.65 MX$788

$46.99 PAB 46.99

-4.98%

Sport Shoes (Adidas, Nike)

$103 MX$1,823

$89.0 PAB 89.0

16.08%

Men's Leather Business Shoes

$106 MX$1,876

$120 PAB 120

-11.76%

1-bedroom Apartment, City Center (Monthly)

$998 MX$17.6K

$1,146 PAB 1,146

-12.95%

1-bedroom Apartment, Outside City Center (Monthly)

$624 MX$11.0K

$884 PAB 884

-29.34%

3-bedroom Apartment, City Center (Monthly)

$2,108 MX$37.2K

$2,014 PAB 2,014

4.68%

3-bedroom Apartment, Outside City Center (Monthly)

$1,231 MX$21.7K

$1,586 PAB 1,586

-22.36%

Buy Apartment in City Center (m2)

$3,647 MX$64.4K

$3,112 PAB 3,112

17.16%

Buy Apartment Outside City Center (m2)

$2,169 MX$38.3K

$1,734 PAB 1,734

25.08%

Average Monthly Net Salary (After Tax)

$1,044 MX$18.4K

$873 PAB 873

19.53%

20-Year Fixed Mortgage Interest Rate (Annual %)

11.34

6.23

82.02%

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

Last update for Mexico City: January 13, 2026

Last update for Panama City: January 12, 2026

City Median Internet Speeds Comparison (Updated December 2025)

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

Digital Nomad Cost of Living Index

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