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

Name: Panama
Address: PA

🙂 Solo nomad: Mexico is 7.4% cheaper than Panama without rent, and 23.3% cheaper with rent.

🙂 Family of 3: Mexico is 10.4% cheaper than Panama without rent, and 22.7% cheaper with rent.

Meal at Budget Restaurant

$10.38 MX$183

$9.89 PAB 9.89

4.95%

Three-Course Dinner for Two, Mid-Range

$42.10 MX$743

$50.8 PAB 50.8

-17.11%

Fast Food Meal (McDonalds, etc)

$7.87 MX$139

$7.62 PAB 7.62

3.28%

Cappuccino

$3.24 MX$57.2

$3.60 PAB 3.60

-10.00%

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

$1.32 MX$23.33

$1.47 PAB 1.47

-10.20%

Water (0.33 liter bottle)

$0.91 MX$16.06

$1.29 PAB 1.29

-29.46%

Local Beer (0.5 liter draught)

$2.33 MX$41.17

$2.22 PAB 2.22

4.95%

Imported Beer (0.33 liter bottle)

$4.29 MX$75.7

$3.73 PAB 3.73

15.01%

Milk (1 liter)

$1.50 MX$26.55

$1.80 PAB 1.80

-16.67%

White Bread (500g)

$2.54 MX$44.81

$2.48 PAB 2.48

2.42%

Rice (white) (1kg)

$1.74 MX$30.78

$2.24 PAB 2.24

-22.32%

Eggs

$2.38 MX$42.06

$2.60 PAB 2.60

-8.46%

Local Cheese (1kg)

$8.69 MX$153

$11.37 PAB 11.37

-23.57%

Chicken Fillets (1kg)

$7.81 MX$138

$7.20 PAB 7.20

8.47%

Beef Round Steak (1kg)

$10.79 MX$190

$9.52 PAB 9.52

13.34%

Apples (1kg)

$2.80 MX$49.48

$4.02 PAB 4.02

-30.35%

Banana (1kg)

$1.51 MX$26.69

$1.33 PAB 1.33

13.53%

Oranges (1kg)

$1.90 MX$33.56

$2.90 PAB 2.90

-34.48%

Tomato (1kg)

$1.78 MX$31.37

$3.04 PAB 3.04

-41.45%

Potato (1kg)

$1.95 MX$34.41

$2.17 PAB 2.17

-10.14%

Onion (1kg)

$1.97 MX$34.82

$2.37 PAB 2.37

-16.88%

Lettuce (1 head)

$1.26 MX$22.20

$2.14 PAB 2.14

-41.12%

Water (1.5 liter bottle)

$1.02 MX$17.97

$1.63 PAB 1.63

-37.42%

Cigarettes 20 Pack (Marlboro, Camel)

$4.19 MX$73.9

$6.04 PAB 6.04

-30.63%

Wine (Bottle)

$11.20 MX$198

$10.18 PAB 10.18

10.02%

Local Beer (0.5 liter bottle)

$1.66 MX$29.21

$1.25 PAB 1.25

32.80%

Imported Beer (0.33 liter bottle)

$2.92 MX$51.6

$2.30 PAB 2.30

26.96%

One-way Ticket (Public Transport)

$0.65 MX$11.55

$0.52 PAB 0.52

25.00%

Public Transport Monthly Pass (Regular Price)

$26.48 MX$467

$25.15 PAB 25.15

5.29%

Taxi Start (Normal Tariff)

$2.57 MX$45.33

$2.05 PAB 2.05

25.37%

Taxi (Normal Tariff) (1km)

$1.91 MX$33.65

$1.95 PAB 1.95

-2.05%

Taxi 1hour Waiting (Normal Tariff)

$10.47 MX$185

$20.88 PAB 20.88

-49.86%

Gasoline (1 liter)

$1.31 MX$23.07

$0.96 PAB 0.96

36.46%

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

$20.5K MX$361.4K

$21.6K PAB 21.6K

-5.18%

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

$22.7K MX$400.8K

$21.2K PAB 21.2K

7.27%

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

$63.3 MX$1,117

$107 PAB 107

-40.89%

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

$23.14 MX$409

$28.96 PAB 28.96

-20.10%

Internet (50+ Mbps, Unlimited Data)

$28.47 MX$502

$47.54 PAB 47.54

-40.11%

Gym Membership (Monthly)

$35.44 MX$626

$50.3 PAB 50.3

-29.60%

Tennis Court (1 Hour on Weekend)

$18.02 MX$318

$34.39 PAB 34.39

-47.60%

Cinema Ticket

$4.66 MX$82.3

$6.90 PAB 6.90

-32.46%

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

$248 MX$4,377

$442 PAB 442

-43.95%

International Primary School, 1 Child (Yearly)

$5,750 MX$101.5K

$11.3K PAB 11.3K

-49.34%

Jeans (Levis 501 Or Similar)

$51.8 MX$914

$46.73 PAB 46.73

10.79%

Summer Dress (H&M, Zara, etc)

$40.92 MX$722

$41.09 PAB 41.09

-0.41%

Sport Shoes (Adidas, Nike)

$93.9 MX$1,657

$83.8 PAB 83.8

12.08%

Men's Leather Business Shoes

$89.7 MX$1,583

$117 PAB 117

-23.25%

1-bedroom Apartment, City Center (Monthly)

$636 MX$11.2K

$948 PAB 948

-32.92%

1-bedroom Apartment, Outside City Center (Monthly)

$439 MX$7,755

$705 PAB 705

-37.68%

3-bedroom Apartment, City Center (Monthly)

$1,225 MX$21.6K

$1,721 PAB 1,721

-28.85%

3-bedroom Apartment, Outside City Center (Monthly)

$848 MX$15.0K

$1,363 PAB 1,363

-37.78%

Buy Apartment in City Center (m2)

$2,594 MX$45.8K

$2,980 PAB 2,980

-12.94%

Buy Apartment Outside City Center (m2)

$1,559 MX$27.5K

$1,704 PAB 1,704

-8.54%

Average Monthly Net Salary (After Tax)

$805 MX$14.2K

$799 PAB 799

0.79%

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: January 11, 2026

Last update for Panama: January 13, 2026

Digital Nomad Cost of Living Index

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

Similar countries

🇷🇴 Romania

🇹🇷 Turkey

🇧🇬 Bulgaria

🇦🇷 Argentina

🇸🇦 Saudi Arabia

🇹🇼 Taiwan

🇲🇩 Moldova

🇱🇧 Lebanon