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

Name: Panama
Address: PA

🙂 Solo nomad: Mexico is 11.1% cheaper than Panama without rent, and 23.6% cheaper with rent.

🙂 Family of 3: Mexico is 7.5% cheaper than Panama without rent, and 22.6% cheaper with rent.

Meal at Budget Restaurant

$10.62 MX$183

$9.89 PAB 9.89

7.38%

Three-Course Dinner for Two, Mid-Range

$42.45 MX$733

$49.66 PAB 49.66

-14.52%

Fast Food Meal (McDonalds, etc)

$8.12 MX$140

$7.68 PAB 7.68

5.73%

Cappuccino

$3.39 MX$58.5

$3.49 PAB 3.49

-2.87%

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

$1.32 MX$22.87

$1.47 PAB 1.47

-10.20%

Water (0.33 liter bottle)

$0.97 MX$16.68

$1.26 PAB 1.26

-23.02%

Local Beer (0.5 liter draught)

$2.34 MX$40.45

$2.31 PAB 2.31

1.30%

Imported Beer (0.33 liter bottle)

$4.15 MX$71.7

$3.80 PAB 3.80

9.21%

Milk (1 liter)

$1.48 MX$25.51

$1.84 PAB 1.84

-19.57%

White Bread (500g)

$2.53 MX$43.67

$2.47 PAB 2.47

2.43%

Rice (white) (1kg)

$1.71 MX$29.58

$2.24 PAB 2.24

-23.66%

Eggs

$2.34 MX$40.41

$2.72 PAB 2.72

-13.97%

Local Cheese (1kg)

$8.46 MX$146

$11.12 PAB 11.12

-23.92%

Chicken Fillets (1kg)

$7.88 MX$136

$7.03 PAB 7.03

12.09%

Beef Round Steak (1kg)

$10.92 MX$189

$9.16 PAB 9.16

19.21%

Apples (1kg)

$2.84 MX$49.09

$3.94 PAB 3.94

-27.92%

Banana (1kg)

$1.51 MX$26.10

$1.32 PAB 1.32

14.39%

Oranges (1kg)

$1.87 MX$32.21

$2.99 PAB 2.99

-37.46%

Tomato (1kg)

$1.87 MX$32.26

$2.98 PAB 2.98

-37.25%

Potato (1kg)

$1.96 MX$33.80

$2.16 PAB 2.16

-9.26%

Onion (1kg)

$1.96 MX$33.89

$2.48 PAB 2.48

-20.97%

Lettuce (1 head)

$1.32 MX$22.74

$2.08 PAB 2.08

-36.54%

Water (1.5 liter bottle)

$1.05 MX$18.21

$1.61 PAB 1.61

-34.78%

Cigarettes 20 Pack (Marlboro, Camel)

$4.27 MX$73.8

$5.87 PAB 5.87

-27.26%

Wine (Bottle)

$11.32 MX$196

$9.93 PAB 9.93

14.00%

Local Beer (0.5 liter bottle)

$1.64 MX$28.31

$1.22 PAB 1.22

34.43%

Imported Beer (0.33 liter bottle)

$3.02 MX$52.1

$2.25 PAB 2.25

34.22%

One-way Ticket (Public Transport)

$0.65 MX$11.29

$0.52 PAB 0.52

25.00%

Public Transport Monthly Pass (Regular Price)

$26.55 MX$459

$24.98 PAB 24.98

6.29%

Taxi Start (Normal Tariff)

$2.63 MX$45.42

$2.06 PAB 2.06

27.67%

Taxi (Normal Tariff) (1km)

$1.94 MX$33.42

$2.05 PAB 2.05

-5.37%

Taxi 1hour Waiting (Normal Tariff)

$10.46 MX$181

$21.36 PAB 21.36

-51.03%

Gasoline (1 liter)

$1.31 MX$22.67

$0.88 PAB 0.88

48.86%

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

$20.2K MX$348.2K

$21.5K PAB 21.5K

-6.16%

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

$23.0K MX$396.8K

$21.1K PAB 21.1K

8.78%

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

$63.2 MX$1,092

$108 PAB 108

-41.40%

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

$23.08 MX$399

$29.60 PAB 29.60

-22.03%

Internet (50+ Mbps, Unlimited Data)

$27.95 MX$483

$47.27 PAB 47.27

-40.87%

Gym Membership (Monthly)

$34.90 MX$603

$49.91 PAB 49.91

-30.07%

Tennis Court (1 Hour on Weekend)

$17.97 MX$310

$34.22 PAB 34.22

-47.49%

Cinema Ticket

$4.85 MX$83.7

$7.04 PAB 7.04

-31.11%

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

$251 MX$4,343

$452 PAB 452

-44.31%

International Primary School, 1 Child (Yearly)

$5,584 MX$96.4K

$11.6K PAB 11.6K

-51.73%

Jeans (Levis 501 Or Similar)

$52.6 MX$908

$47.42 PAB 47.42

10.86%

Summer Dress (H&M, Zara, etc)

$40.26 MX$695

$40.80 PAB 40.80

-1.32%

Sport Shoes (Adidas, Nike)

$93.7 MX$1,618

$83.7 PAB 83.7

11.91%

Men's Leather Business Shoes

$88.8 MX$1,533

$120 PAB 120

-25.99%

1-bedroom Apartment, City Center (Monthly)

$651 MX$11.2K

$939 PAB 939

-30.74%

1-bedroom Apartment, Outside City Center (Monthly)

$448 MX$7,738

$714 PAB 714

-37.25%

3-bedroom Apartment, City Center (Monthly)

$1,244 MX$21.5K

$1,730 PAB 1,730

-28.14%

3-bedroom Apartment, Outside City Center (Monthly)

$859 MX$14.8K

$1,353 PAB 1,353

-36.52%

Buy Apartment in City Center (m2)

$2,822 MX$48.7K

$3,042 PAB 3,042

-7.23%

Buy Apartment Outside City Center (m2)

$1,604 MX$27.7K

$1,677 PAB 1,677

-4.36%

Average Monthly Net Salary (After Tax)

$823 MX$14.2K

$821 PAB 821

0.21%

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: April 13, 2026

Last update for Panama: April 12, 2026

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

Mexico vs other spots: cost of living compared

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

City Median Internet Speeds Comparison (Updated April 2026)

Mexico

Panama

Mexico

Panama

Mexico vs other spots: cost of living compared

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