Last update: Oct 2026

Cost of Living Comparison Between Monterrey and Panama

Name: Panama
Address: PA

For one person, living costs are similar in Monterrey and in Panama: $1,607 and $1,604 a month, rent and utilities included.

79

Cost of Living Index in Monterrey
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Monterrey Living Index
77

Cost of Living Index in Panama
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Panama Living Index

Jump to prices

Monterrey

🇲🇽 Mexico

$1,607

/mo nomad

🇵🇦 Panama

$1,604

/mo nomad

😐 Solo nomad: Monterrey is 7.5% more expensive than Panama without rent, and 0.2% more expensive with rent.

😐 Family of 3: Monterrey is 8.5% more expensive than Panama without rent, and 3.4% more expensive with rent.

Meal at Budget Restaurant

$13.75 MX$252

$7.86 PAB 7.86

74.94%

Three-Course Dinner for Two, Mid-Range

$50.2 MX$921

$44.75 PAB 44.75

12.13%

Fast Food Meal (McDonalds, etc)

$11.13 MX$204

$7.89 PAB 7.89

41.06%

Cappuccino

$4.04 MX$74.2

$3.84 PAB 3.84

5.21%

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

$1.70 MX$31.29

$1.59 PAB 1.59

6.92%

Water (0.33 liter bottle)

$0.99 MX$18.17

$1.41 PAB 1.41

-29.79%

Local Beer (0.5 liter draught)

$2.41 MX$44.21

$2.19 PAB 2.19

10.05%

Imported Beer (0.33 liter bottle)

$4.48 MX$82.3

$4.04 PAB 4.04

10.89%

Milk (1 liter)

$1.92 MX$35.31

$1.85 PAB 1.85

3.78%

White Bread (500g)

$2.89 MX$53.1

$2.32 PAB 2.32

24.57%

Rice (white) (1kg)

$1.94 MX$35.67

$2.99 PAB 2.99

-35.12%

Eggs

$2.50 MX$45.90

$2.48 PAB 2.48

0.81%

Local Cheese (1kg)

$12.30 MX$226

$12.28 PAB 12.28

0.16%

Chicken Fillets (1kg)

$9.33 MX$171

$6.94 PAB 6.94

34.44%

Beef Round Steak (1kg)

$13.07 MX$240

$10.11 PAB 10.11

29.28%

Apples (1kg)

$3.38 MX$62.1

$4.18 PAB 4.18

-19.14%

Banana (1kg)

$1.58 MX$29.02

$1.48 PAB 1.48

6.76%

Oranges (1kg)

$2.20 MX$40.45

$3.65 PAB 3.65

-39.73%

Tomato (1kg)

$2.45 MX$44.89

$3.73 PAB 3.73

-34.32%

Potato (1kg)

$2.26 MX$41.47

$2.50 PAB 2.50

-9.60%

Onion (1kg)

$2.74 MX$50.4

$3.29 PAB 3.29

-16.72%

Lettuce (1 head)

$1.53 MX$28.09

$2.34 PAB 2.34

-34.62%

Water (1.5 liter bottle)

$1.26 MX$23.16

$1.57 PAB 1.57

-19.75%

Cigarettes 20 Pack (Marlboro, Camel)

$4.84 MX$88.9

$6.08 PAB 6.08

-20.39%

Wine (Bottle)

$13.59 MX$249

$9.88 PAB 9.88

37.55%

Local Beer (0.5 liter bottle)

$1.91 MX$35.01

$1.39 PAB 1.39

37.41%

Imported Beer (0.33 liter bottle)

$3.06 MX$56.3

$2.42 PAB 2.42

26.45%

One-way Ticket (Public Transport)

$0.80 MX$14.60

$0.43 PAB 0.43

86.05%

Public Transport Monthly Pass (Regular Price)

$31.77 MX$583

$20.96 PAB 20.96

51.57%

Taxi Start (Normal Tariff)

$1.62 MX$29.78

$2.43 PAB 2.43

-33.33%

Taxi (Normal Tariff) (1km)

$1.10 MX$20.17

$1.82 PAB 1.82

-39.56%

Taxi 1hour Waiting (Normal Tariff)

$10.97 MX$201

$21.79 PAB 21.79

-49.66%

Gasoline (1 liter)

$1.52 MX$27.93

$1.18 PAB 1.18

28.81%

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

$21.4K MX$392.4K

$21.5K PAB 21.5K

-0.56%

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

$25.5K MX$467.6K

$22.2K PAB 22.2K

14.75%

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

$120 MX$2,198

$119 PAB 119

0.61%

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

$27.08 MX$497

$27.03 PAB 27.03

0.18%

Internet (50+ Mbps, Unlimited Data)

$26.70 MX$490

$47.70 PAB 47.70

-44.03%

Gym Membership (Monthly)

$31.15 MX$572

$48.94 PAB 48.94

-36.35%

Tennis Court (1 Hour on Weekend)

$21.95 MX$403

$30.16 PAB 30.16

-27.22%

Cinema Ticket

$5.14 MX$94.4

$7.84 PAB 7.84

-34.44%

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

$688 MX$12.6K

$536 PAB 536

28.41%

International Primary School, 1 Child (Yearly)

$11.4K MX$209.8K

$8,069 PAB 8,069

41.61%

Jeans (Levis 501 Or Similar)

$71.9 MX$1,321

$53.5 PAB 53.5

34.47%

Summer Dress (H&M, Zara, etc)

$43.30 MX$795

$42.77 PAB 42.77

1.24%

Sport Shoes (Adidas, Nike)

$112 MX$2,059

$87.4 PAB 87.4

28.30%

Men's Leather Business Shoes

$122 MX$2,236

$103 PAB 103

17.86%

1-bedroom Apartment, City Center (Monthly)

$957 MX$17.6K

$944 PAB 944

1.34%

1-bedroom Apartment, Outside City Center (Monthly)

$670 MX$12.3K

$697 PAB 697

-3.78%

3-bedroom Apartment, City Center (Monthly)

$1,887 MX$34.7K

$1,728 PAB 1,728

9.24%

3-bedroom Apartment, Outside City Center (Monthly)

$1,305 MX$24.0K

$1,262 PAB 1,262

3.33%

Buy Apartment in City Center (m2)

$4,159 MX$76.4K

$2,941 PAB 2,941

41.39%

Buy Apartment Outside City Center (m2)

$2,437 MX$44.7K

$1,673 PAB 1,673

45.67%

Average Monthly Net Salary (After Tax)

$1,133 MX$20.8K

$826 PAB 826

37.25%

20-Year Fixed Mortgage Interest Rate (Annual %)

11.79

6.37

85.09%

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

Last update for Monterrey: October 4, 2026

Last update for Panama: October 5, 2026

Monthly budget structure

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

Accommodation & Living

Monterrey

$670 41.4%

Panama

$697 44% 3.9% $26

Groceries & Markets

Monterrey

$312 19.3%

Panama

$302 19.1% 3.3% $10

Eating Out

Monterrey

$224 13.8%

Panama

$164 10.3% 26.8% $60

Monthly Utilities & Internet

Monterrey

$174 10.7%

Panama

$194 12.2% 11.7% $20

Clothing & Footwear

Monterrey

$157 9.7%

Panama

$129 8.2% 17.8% $28

Getting Around

Monterrey

$42 2.6%

Panama

$34 2.2% 18.6% $7.8

Sport & Entertainment

Monterrey

$41 2.6%

Panama

$65 4.1% 56% $23

Good to know

🇲🇽 Monterrey

🇵🇦 Panama

🕒 Local time

01:30 1:30 AM

02:30 2:30 AM

1 h ahead of Monterrey

🌤 Weather

👥 Population

1,142,994

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 = 20.59 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

Monterrey Panama 2,880 km ≈ 4 h nonstop flight

From you

Monterrey
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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