Cost of Living Comparison Between Panama City, FL and Mexico City Cost of Living Comparison Between Panama City, FL and Mexico City

๐Ÿ˜ Solo nomad: Panama City, FL is 58.5% more expensive than Mexico City without rent, and 92.2% more expensive with rent.
๐Ÿ˜ Family of 3: Panama City, FL is 18% more expensive than Mexico City without rent, and 38.9% more expensive with rent.
Currency
๐Ÿฝ Eating Out
Panama City, FL
Mexico City
Difference
Meal at Budget Restaurant
$18.66 $18.66
$13.38 MX$253
39.46%
Three-Course Dinner for Two, Mid-Range
$54.1 $54.1
$52.7 MX$997
2.62%
Fast Food Meal (McDonalds, etc)
$10.32 $10.32
$9.31 MX$176
10.85%
Cappuccino
$4.9 $4.9
$3.61 MX$68.3
35.73%
Coke/Pepsi/Fanta/Sprite (0.33 liter bottle)
$2.68 $2.68
$1.64 MX$30.91
63.41%
Water (0.33 liter bottle)
$2.12 $2.12
$1.12 MX$21.14
89.29%
Local Beer (0.5 liter draught)
$5.11 $5.11
$3.26 MX$61.7
56.75%
Imported Beer (0.33 liter bottle)
$6.65 $6.65
$4.82 MX$91.1
37.97%
๐Ÿ›’ Groceries & Markets
Panama City, FL
Mexico City
Difference
Milk (1 liter)
$0.93 $0.93
$1.65 MX$31.24
-43.64%
White Bread (500g)
$3.19 $3.19
$2.74 MX$51.7
16.42%
Rice (white) (1kg)
$2.59 $2.59
$1.92 MX$36.28
34.90%
Eggs
$3.18 $3.18
$2.51 MX$47.53
26.69%
Local Cheese (1kg)
$10.82 $10.82
$9.89 MX$187
9.40%
Chicken Fillets (1kg)
$11.6 $11.6
$8.39 MX$159
38.26%
Beef Round Steak (1kg)
$14.9 $14.9
$11.95 MX$226
24.69%
Apples (1kg)
$3.46 $3.46
$2.87 MX$54.3
20.56%
Banana (1kg)
$1.57 $1.57
$1.74 MX$32.85
-9.77%
Oranges (1kg)
$2.88 $2.88
$2 MX$37.81
44.00%
Tomato (1kg)
$4.17 $4.17
$2.07 MX$39.14
101.45%
Potato (1kg)
$3.17 $3.17
$2.05 MX$38.78
54.63%
Onion (1kg)
$2.74 $2.74
$2.18 MX$41.22
25.69%
Lettuce (1 head)
$2.12 $2.12
$1.38 MX$26.16
53.62%
Water (1.5 liter bottle)
$1.95 $1.95
$1.11 MX$21.06
75.68%
Cigarettes 20 Pack (Marlboro, Camel)
$8.21 $8.21
$4.16 MX$78.6
97.36%
Wine (Bottle)
$9.13 $9.13
$11.05 MX$209
-17.38%
Local Beer (0.5 liter bottle)
$1.75 $1.75
$1.75 MX$33.16
-
Imported Beer (0.33 liter bottle)
$3.15 $3.15
$3.7 MX$70
-14.86%
๐ŸšŒ Getting Around
Panama City, FL
Mexico City
Difference
One-way Ticket (Public Transport)
$1.49 $1.49
$0.38 MX$7.25
292.11%
Public Transport Monthly Pass (Regular Price)
$132 $132
$18.97 MX$359
598.05%
Taxi Start (Normal Tariff)
$2.43 $2.43
$1.36 MX$25.72
78.68%
Taxi (Normal Tariff) (1km)
$1.51 $1.51
$0.28 MX$5.25
439.29%
Taxi 1hour Waiting (Normal Tariff)
$25.81 $25.81
$5.3 MX$100
386.98%
Gasoline (1 liter)
$0.81 $0.81
$1.36 MX$25.63
-40.44%
Midsize Hatchback 1.4l (Volkswagen Golf, Toyota Prius, Honda Civic, etc)
$22.6K $22.6K
$18.8K MX$354.6K
20.21%
Compact Sedan 1.6l (Toyota Corolla, Mazda3, Kia K4, Hyundai Elantra, etc)
$24.7K $24.7K
$23.4K MX$441.7K
5.70%
๐Ÿงพ Monthly Utilities & Internet
Panama City, FL
Mexico City
Difference
Utilities for 2 People in 2-bedroom Apartment (Heating, Electricity, Gas, Water, Garbage) (85m2)
$221 $221
$39.97 MX$756
453.37%
SIM Card Monthly Plan (Calls and 10GB+ Data)
$42.87 $42.87
$27.48 MX$519
56.00%
Internet (50+ Mbps, Unlimited Data)
$66.5 $66.5
$30.22 MX$571
120.05%
๐ŸŽ‰ Sport & Entertainment
Panama City, FL
Mexico City
Difference
Gym Membership (Monthly)
$39.64 $39.64
$52.6 MX$994
-24.64%
Tennis Court (1 Hour on Weekend)
-
$26.84 MX$507
-
Cinema Ticket
$13.13 $13.13
$6.32 MX$120
107.75%
๐Ÿงธ Childcare & Education
Panama City, FL
Mexico City
Difference
Preschool or Kindergarten, Full Day, Private, 1 Child (Monthly)
$529 $529
$437 MX$8,258
21.02%
International Primary School, 1 Child (Yearly)
$8,103 $8,103
$10.6K MX$199.9K
-23.35%
๐Ÿ‘•๐Ÿ‘Ÿ Clothing & Footwear
Panama City, FL
Mexico City
Difference
Jeans (Levis 501 Or Similar)
$38.64 $38.64
$57.2 MX$1,082
-32.47%
Summer Dress (H&M, Zara, etc)
$42.44 $42.44
$45.14 MX$853
-5.98%
Sport Shoes (Adidas, Nike)
$59.1 $59.1
$102 MX$1,928
-42.07%
Men's Leather Business Shoes
$75 $75
$109 MX$2,056
-31.00%
๐Ÿ  Accommodation & Living
Panama City, FL
Mexico City
Difference
1-bedroom Apartment, City Center (Monthly)
$1,675 $1,675
$1,000 MX$18.9K
67.58%
1-bedroom Apartment, Outside City Center (Monthly)
$1,492 $1,492
$622 MX$11.8K
139.85%
3-bedroom Apartment, City Center (Monthly)
$2,308 $2,308
$2,160 MX$40.8K
6.84%
3-bedroom Apartment, Outside City Center (Monthly)
$1,783 $1,783
$1,235 MX$23.3K
44.41%
Buy Apartment in City Center (m2)
$3,593 $3,593
$3,566 MX$67.4K
0.78%
Buy Apartment Outside City Center (m2)
$3,594 $3,594
$2,480 MX$46.9K
44.91%
๐Ÿ’ต Salaries & Financials
Panama City, FL
Mexico City
Difference
Average Monthly Net Salary (After Tax)
$3,977 $3,977
$867 MX$16.4K
358.49%
20-Year Fixed Mortgage Interest Rate (Annual %)
6.43
11.34
-43.30%

Citycost data is based on AI and user input โ€“ minor inaccuracies may occur.

Last update for Panama City, FL: October 27, 2025

Last update for Mexico City: October 28, 2025

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