Last update: Oct 2026

Cost of Living Comparison Between Mexico City and Panama

Name: Panama
Address: PA

For one person, living costs are similar in Mexico City and in Panama: $1,561 and $1,604 a month, rent and utilities included.

77

Cost of Living Index in Mexico City
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Mexico City Living Index
77

Cost of Living Index in Panama
Learn more

Panama Living Index

Jump to prices

Mexico City

🇲🇽 Mexico

$1,561

/mo nomad

🇵🇦 Panama

$1,604

/mo nomad

😐 Solo nomad: Mexico City is 11.4% more expensive than Panama without rent, and 2.7% cheaper with rent.

😐 Family of 3: Mexico City is 9.8% more expensive than Panama without rent, and 0.5% more expensive with rent.

Meal at Budget Restaurant

$11.12 MX$204

$7.86 PAB 7.86

41.48%

Three-Course Dinner for Two, Mid-Range

$48.99 MX$900

$44.75 PAB 44.75

9.47%

Fast Food Meal (McDonalds, etc)

$11.23 MX$206

$7.89 PAB 7.89

42.33%

Cappuccino

$3.76 MX$69.0

$3.84 PAB 3.84

-2.08%

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

$1.65 MX$30.34

$1.59 PAB 1.59

3.77%

Water (0.33 liter bottle)

$1.28 MX$23.48

$1.41 PAB 1.41

-9.22%

Local Beer (0.5 liter draught)

$3.26 MX$59.8

$2.19 PAB 2.19

48.86%

Imported Beer (0.33 liter bottle)

$5.66 MX$104

$4.04 PAB 4.04

40.10%

Milk (1 liter)

$1.81 MX$33.23

$1.85 PAB 1.85

-2.16%

White Bread (500g)

$2.94 MX$54.0

$2.32 PAB 2.32

26.72%

Rice (white) (1kg)

$2.05 MX$37.62

$2.99 PAB 2.99

-31.44%

Eggs

$2.93 MX$53.7

$2.48 PAB 2.48

18.15%

Local Cheese (1kg)

$11.95 MX$219

$12.28 PAB 12.28

-2.69%

Chicken Fillets (1kg)

$9.51 MX$175

$6.94 PAB 6.94

37.03%

Beef Round Steak (1kg)

$14.84 MX$273

$10.11 PAB 10.11

46.79%

Apples (1kg)

$3.14 MX$57.7

$4.18 PAB 4.18

-24.88%

Banana (1kg)

$2.01 MX$36.99

$1.48 PAB 1.48

35.81%

Oranges (1kg)

$2.08 MX$38.10

$3.65 PAB 3.65

-43.01%

Tomato (1kg)

$2.22 MX$40.72

$3.73 PAB 3.73

-40.48%

Potato (1kg)

$2.06 MX$37.82

$2.50 PAB 2.50

-17.60%

Onion (1kg)

$1.88 MX$34.46

$3.29 PAB 3.29

-42.86%

Lettuce (1 head)

$1.48 MX$27.18

$2.34 PAB 2.34

-36.75%

Water (1.5 liter bottle)

$1.35 MX$24.70

$1.57 PAB 1.57

-14.01%

Cigarettes 20 Pack (Marlboro, Camel)

$5.41 MX$99.3

$6.08 PAB 6.08

-11.02%

Wine (Bottle)

$16.86 MX$310

$9.88 PAB 9.88

70.65%

Local Beer (0.5 liter bottle)

$1.98 MX$36.43

$1.39 PAB 1.39

42.45%

Imported Beer (0.33 liter bottle)

$4.32 MX$79.4

$2.42 PAB 2.42

78.51%

One-way Ticket (Public Transport)

$0.34 MX$6.33

$0.43 PAB 0.43

-20.93%

Public Transport Monthly Pass (Regular Price)

$20.23 MX$371

$20.96 PAB 20.96

-3.48%

Taxi Start (Normal Tariff)

$2.10 MX$38.47

$2.43 PAB 2.43

-13.58%

Taxi (Normal Tariff) (1km)

$0.53 MX$9.74

$1.82 PAB 1.82

-70.88%

Taxi 1hour Waiting (Normal Tariff)

$5.41 MX$99.3

$21.79 PAB 21.79

-75.17%

Gasoline (1 liter)

$1.52 MX$27.91

$1.18 PAB 1.18

28.81%

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

$21.7K MX$399.0K

$21.5K PAB 21.5K

1.11%

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

$24.8K MX$455.6K

$22.2K PAB 22.2K

11.80%

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

$63.0 MX$1,156

$119 PAB 119

-47.08%

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

$28.88 MX$530

$27.03 PAB 27.03

6.84%

Internet (50+ Mbps, Unlimited Data)

$33.93 MX$623

$47.70 PAB 47.70

-28.87%

Gym Membership (Monthly)

$55.8 MX$1,024

$48.94 PAB 48.94

13.98%

Tennis Court (1 Hour on Weekend)

$24.90 MX$457

$30.16 PAB 30.16

-17.44%

Cinema Ticket

$6.77 MX$124

$7.84 PAB 7.84

-13.65%

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

$428 MX$7,854

$536 PAB 536

-20.14%

International Primary School, 1 Child (Yearly)

$11.9K MX$218.0K

$8,069 PAB 8,069

47.13%

Jeans (Levis 501 Or Similar)

$70.0 MX$1,286

$53.5 PAB 53.5

30.92%

Summer Dress (H&M, Zara, etc)

$53.7 MX$986

$42.77 PAB 42.77

25.63%

Sport Shoes (Adidas, Nike)

$110 MX$2,016

$87.4 PAB 87.4

25.62%

Men's Leather Business Shoes

$115 MX$2,115

$103 PAB 103

11.48%

1-bedroom Apartment, City Center (Monthly)

$1,062 MX$19.5K

$944 PAB 944

12.52%

1-bedroom Apartment, Outside City Center (Monthly)

$671 MX$12.3K

$697 PAB 697

-3.72%

3-bedroom Apartment, City Center (Monthly)

$2,379 MX$43.7K

$1,728 PAB 1,728

37.71%

3-bedroom Apartment, Outside City Center (Monthly)

$1,260 MX$23.1K

$1,262 PAB 1,262

-0.18%

Buy Apartment in City Center (m2)

$3,716 MX$68.2K

$2,941 PAB 2,941

26.32%

Buy Apartment Outside City Center (m2)

$1,976 MX$36.3K

$1,673 PAB 1,673

18.11%

Average Monthly Net Salary (After Tax)

$997 MX$18.3K

$826 PAB 826

20.76%

20-Year Fixed Mortgage Interest Rate (Annual %)

11.3

6.37

77.39%

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

Last update for Mexico City: October 6, 2026

Last update for Panama: October 5, 2026

Monthly budget structure

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

Accommodation & Living

Mexico City

$671 42.4%

Panama

$697 44% 3.9% $26

Groceries & Markets

Mexico City

$327 20.7%

Panama

$302 19.1% 7.5% $25

Eating Out

Mexico City

$207 13.1%

Panama

$164 10.3% 21% $43

Clothing & Footwear

Mexico City

$157 9.9%

Panama

$129 8.2% 17.7% $28

Monthly Utilities & Internet

Mexico City

$126 8%

Panama

$194 12.2% 54% $68

Sport & Entertainment

Mexico City

$69 4.4%

Panama

$65 4.1% 6.8% $4.7

Getting Around

Mexico City

$26 1.7%

Panama

$34 2.2% 29.9% $7.9

Good to know

🇲🇽 Mexico City

🇵🇦 Panama

🕒 Local time

07:48 7:48 AM

08:48 8:48 AM

1 h ahead of Mexico City

🌤 Weather

👥 Population

9,209,944 Capital

4,098,587

💱 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 = 20.57 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

Mexico City Panama 2,410 km ≈ 3 h 30 min nonstop flight

From you

Mexico City
Panama

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

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