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 1.1% more expensive than Panama City without rent, and 19.5% cheaper with rent.

😐 Family of 3: Mexico City is 0.6% more expensive than Panama City without rent, and 13.5% cheaper with rent.

Meal at Budget Restaurant

$13.12 MX$231

$10.17 PAB 10.17

29.01%

Three-Course Dinner for Two, Mid-Range

$53.8 MX$946

$50.4 PAB 50.4

6.68%

Fast Food Meal (McDonalds, etc)

$9.40 MX$165

$7.88 PAB 7.88

19.29%

Cappuccino

$3.56 MX$62.7

$3.71 PAB 3.71

-4.04%

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

$1.60 MX$28.20

$1.64 PAB 1.64

-2.44%

Water (0.33 liter bottle)

$1.15 MX$20.31

$1.33 PAB 1.33

-13.53%

Local Beer (0.5 liter draught)

$3.16 MX$55.5

$2.95 PAB 2.95

7.12%

Imported Beer (0.33 liter bottle)

$4.85 MX$85.2

$4.06 PAB 4.06

19.46%

Milk (1 liter)

$1.63 MX$28.74

$1.83 PAB 1.83

-10.93%

White Bread (500g)

$2.73 MX$48.09

$2.58 PAB 2.58

5.81%

Rice (white) (1kg)

$1.88 MX$33.04

$2.40 PAB 2.40

-21.67%

Eggs

$2.63 MX$46.29

$2.97 PAB 2.97

-11.45%

Local Cheese (1kg)

$9.89 MX$174

$11.34 PAB 11.34

-12.79%

Chicken Fillets (1kg)

$8.40 MX$148

$7.06 PAB 7.06

18.98%

Beef Round Steak (1kg)

$11.63 MX$205

$9.76 PAB 9.76

19.16%

Apples (1kg)

$2.97 MX$52.3

$3.40 PAB 3.40

-12.65%

Banana (1kg)

$1.78 MX$31.39

$1.50 PAB 1.50

18.67%

Oranges (1kg)

$2.06 MX$36.16

$2.77 PAB 2.77

-25.63%

Tomato (1kg)

$1.97 MX$34.74

$3.23 PAB 3.23

-39.01%

Potato (1kg)

$2.09 MX$36.69

$2.20 PAB 2.20

-5.00%

Onion (1kg)

$2.26 MX$39.74

$2.87 PAB 2.87

-21.25%

Lettuce (1 head)

$1.46 MX$25.65

$2.17 PAB 2.17

-32.72%

Water (1.5 liter bottle)

$1.09 MX$19.17

$1.54 PAB 1.54

-29.22%

Cigarettes 20 Pack (Marlboro, Camel)

$4.34 MX$76.3

$5.99 PAB 5.99

-27.55%

Wine (Bottle)

$13.62 MX$240

$10.31 PAB 10.31

32.10%

Local Beer (0.5 liter bottle)

$1.67 MX$29.44

$1.30 PAB 1.30

28.46%

Imported Beer (0.33 liter bottle)

$3.54 MX$62.3

$2.33 PAB 2.33

51.93%

One-way Ticket (Public Transport)

$0.36 MX$6.33

$0.43 PAB 0.43

-16.28%

Public Transport Monthly Pass (Regular Price)

$18.96 MX$333

$22.39 PAB 22.39

-15.32%

Taxi Start (Normal Tariff)

$1.32 MX$23.28

$2.46 PAB 2.46

-46.34%

Taxi (Normal Tariff) (1km)

$0.30 MX$5.30

$1.82 PAB 1.82

-83.52%

Taxi 1hour Waiting (Normal Tariff)

$5.49 MX$96.5

$21.57 PAB 21.57

-74.55%

Gasoline (1 liter)

$1.34 MX$23.51

$0.95 PAB 0.95

41.05%

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

$19.1K MX$336.2K

$20.1K PAB 20.1K

-5.07%

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

$23.8K MX$418.0K

$20.1K PAB 20.1K

17.99%

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

$41.11 MX$723

$123 PAB 123

-66.68%

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

$27.78 MX$489

$29.81 PAB 29.81

-6.81%

Internet (50+ Mbps, Unlimited Data)

$30.00 MX$528

$49.87 PAB 49.87

-39.84%

Gym Membership (Monthly)

$53.5 MX$942

$46.19 PAB 46.19

15.89%

Tennis Court (1 Hour on Weekend)

$26.13 MX$460

$32.83 PAB 32.83

-20.41%

Cinema Ticket

$6.28 MX$111

$8.09 PAB 8.09

-22.37%

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

$439 MX$7,729

$478 PAB 478

-8.12%

International Primary School, 1 Child (Yearly)

$10.7K MX$188.9K

$15.8K PAB 15.8K

-32.04%

Jeans (Levis 501 Or Similar)

$57.1 MX$1,005

$52.0 PAB 52.0

9.76%

Summer Dress (H&M, Zara, etc)

$45.30 MX$797

$46.66 PAB 46.66

-2.91%

Sport Shoes (Adidas, Nike)

$104 MX$1,834

$89.6 PAB 89.6

16.33%

Men's Leather Business Shoes

$108 MX$1,904

$123 PAB 123

-12.23%

1-bedroom Apartment, City Center (Monthly)

$996 MX$17.5K

$1,124 PAB 1,124

-11.36%

1-bedroom Apartment, Outside City Center (Monthly)

$624 MX$11.0K

$894 PAB 894

-30.24%

3-bedroom Apartment, City Center (Monthly)

$2,106 MX$37.1K

$2,059 PAB 2,059

2.30%

3-bedroom Apartment, Outside City Center (Monthly)

$1,218 MX$21.4K

$1,553 PAB 1,553

-21.55%

Buy Apartment in City Center (m2)

$3,799 MX$66.8K

$3,128 PAB 3,128

21.44%

Buy Apartment Outside City Center (m2)

$2,230 MX$39.2K

$1,730 PAB 1,730

28.91%

Average Monthly Net Salary (After Tax)

$1,096 MX$19.3K

$967 PAB 967

13.36%

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: March 1, 2026

Last update for Panama City: March 1, 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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