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

Name: Panama
Address: PA

🙂 Solo nomad: Mexico is 11.6% cheaper than Panama without rent, and 23.9% cheaper with rent.

🙂 Family of 3: Mexico is 9.7% cheaper than Panama without rent, and 20% cheaper with rent.

Meal at Budget Restaurant

$10.46 MX$198

$10.18 PAB 10.18

2.75%

Three-Course Dinner for Two, Mid-Range

$42.67 MX$807

$50.5 PAB 50.5

-15.42%

Fast Food Meal (McDonalds, etc)

$8.15 MX$154

$7.58 PAB 7.58

7.52%

Cappuccino

$3.32 MX$62.7

$3.55 PAB 3.55

-6.48%

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

$1.29 MX$24.34

$1.51 PAB 1.51

-14.57%

Water (0.33 liter bottle)

$0.98 MX$18.47

$1.23 PAB 1.23

-20.33%

Local Beer (0.5 liter draught)

$2.33 MX$44.09

$2.23 PAB 2.23

4.48%

Imported Beer (0.33 liter bottle)

$4.27 MX$80.7

$3.73 PAB 3.73

14.48%

Milk (1 liter)

$1.53 MX$28.95

$1.83 PAB 1.83

-16.39%

White Bread (500g)

$2.61 MX$49.42

$2.41 PAB 2.41

8.30%

Rice (white) (1kg)

$1.71 MX$32.3

$2.27 PAB 2.27

-24.67%

Eggs

$2.46 MX$46.46

$2.7 PAB 2.7

-8.89%

Local Cheese (1kg)

$8.8 MX$166

$11.54 PAB 11.54

-23.74%

Chicken Fillets (1kg)

$7.84 MX$148

$7.39 PAB 7.39

6.09%

Beef Round Steak (1kg)

$10.85 MX$205

$9.36 PAB 9.36

15.92%

Apples (1kg)

$2.75 MX$51.9

$3.89 PAB 3.89

-29.31%

Banana (1kg)

$1.44 MX$27.16

$1.37 PAB 1.37

5.11%

Oranges (1kg)

$1.84 MX$34.7

$2.89 PAB 2.89

-36.33%

Tomato (1kg)

$1.8 MX$34.07

$3.05 PAB 3.05

-40.98%

Potato (1kg)

$2 MX$37.78

$2.1 PAB 2.1

-4.76%

Onion (1kg)

$2.05 MX$38.71

$2.46 PAB 2.46

-16.67%

Lettuce (1 head)

$1.27 MX$24.02

$2.14 PAB 2.14

-40.65%

Water (1.5 liter bottle)

$1.06 MX$19.99

$1.6 PAB 1.6

-33.75%

Cigarettes 20 Pack (Marlboro, Camel)

$4.35 MX$82.3

$5.88 PAB 5.88

-26.02%

Wine (Bottle)

$10.69 MX$202

$10.17 PAB 10.17

5.11%

Local Beer (0.5 liter bottle)

$1.65 MX$31.16

$1.24 PAB 1.24

33.06%

Imported Beer (0.33 liter bottle)

$2.95 MX$55.8

$2.22 PAB 2.22

32.88%

One-way Ticket (Public Transport)

$0.66 MX$12.48

$0.52 PAB 0.52

26.92%

Public Transport Monthly Pass (Regular Price)

$26.9 MX$508

$25.45 PAB 25.45

5.70%

Taxi Start (Normal Tariff)

$2.71 MX$51.2

$2.05 PAB 2.05

32.20%

Taxi (Normal Tariff) (1km)

$2 MX$37.8

$1.99 PAB 1.99

0.50%

Taxi 1hour Waiting (Normal Tariff)

$10.54 MX$199

$20.72 PAB 20.72

-49.13%

Gasoline (1 liter)

$1.31 MX$24.69

$0.96 PAB 0.96

36.46%

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

$20K MX$377.7K

$21.3K PAB 21.3K

-6.39%

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

$23.4K MX$441.6K

$20.9K PAB 20.9K

11.79%

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

$62.3 MX$1,177

$108 PAB 108

-42.38%

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

$23.41 MX$442

$29.43 PAB 29.43

-20.46%

Internet (50+ Mbps, Unlimited Data)

$27.74 MX$524

$47.41 PAB 47.41

-41.49%

Gym Membership (Monthly)

$35.15 MX$664

$49.24 PAB 49.24

-28.61%

Tennis Court (1 Hour on Weekend)

$17.96 MX$339

$33.72 PAB 33.72

-46.74%

Cinema Ticket

$4.65 MX$87.9

$7.11 PAB 7.11

-34.60%

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

$254 MX$4,795

$439 PAB 439

-42.25%

International Primary School, 1 Child (Yearly)

$5,582 MX$105.5K

$11.6K PAB 11.6K

-51.73%

Jeans (Levis 501 Or Similar)

$53.2 MX$1,006

$47.07 PAB 47.07

13.11%

Summer Dress (H&M, Zara, etc)

$41.56 MX$786

$40.77 PAB 40.77

1.94%

Sport Shoes (Adidas, Nike)

$92.3 MX$1,744

$85 PAB 85

8.61%

Men's Leather Business Shoes

$87.7 MX$1,658

$116 PAB 116

-24.43%

1-bedroom Apartment, City Center (Monthly)

$651 MX$12.3K

$923 PAB 923

-29.55%

1-bedroom Apartment, Outside City Center (Monthly)

$453 MX$8,561

$711 PAB 711

-36.31%

3-bedroom Apartment, City Center (Monthly)

$1,248 MX$23.6K

$1,745 PAB 1,745

-28.50%

3-bedroom Apartment, Outside City Center (Monthly)

$856 MX$16.2K

$1,378 PAB 1,378

-37.90%

Buy Apartment in City Center (m2)

$2,146 MX$40.6K

$1,884 PAB 1,884

13.88%

Buy Apartment Outside City Center (m2)

$1,480 MX$28K

$1,502 PAB 1,502

-1.47%

Average Monthly Net Salary (After Tax)

$743 MX$14.1K

$807 PAB 807

-7.91%

20-Year Fixed Mortgage Interest Rate (Annual %)

11.45

6.3

81.75%

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

Last update for Mexico: October 28, 2025

Last update for Panama: October 28, 2025

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