Last update: Oct 2026

Cost of Living Comparison Between Panama City and Hermosillo

For one person, living is cheaper in Hermosillo: $1,201 a month against $1,837 in Panama City, rent and utilities included – about $7,600 less a year. Rent and utilities account for most of the difference.

90

Cost of Living Index in Panama City
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Panama City Living Index
58

Cost of Living Index in Hermosillo
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Hermosillo Living Index

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Panama City

🇵🇦 Panama

$1,837

/mo nomad

Hermosillo

🇲🇽 Mexico

$1,201

/mo nomad

Monthly Cost of Living

How much you'll spend in Panama City and in Hermosillo

Real prices from locals and on-the-ground checks – rent, groceries, transit and the daily extras. Here's what a month in Panama City and in Hermosillo actually costs, broken down by who's living it.

A single person spends $1,837 per month in Panama City vs $1,201 in Hermosillo, rent included.

Panama City $1,837
Hermosillo $1,201

A couple spends around $2,825 per month in Panama City vs $1,905 in Hermosillo, rent included.

Panama City $2,825
Hermosillo $1,905

A family of three spends $3,812 per month in Panama City vs $2,608 in Hermosillo, rent included.

Panama City $3,812
Hermosillo $2,608

Panama City costs about 53% more than Hermosillo, and outside of rent the biggest gap is in groceries.

Panama City sits 37% above the global median, while Hermosillo is 10% below – they fall on opposite sides of the world average.

Meal at Budget Restaurant

$11.34 PAB 11.34

$10.85 MX$197

4.52%

Three-Course Dinner for Two, Mid-Range

$47.85 PAB 47.85

$33.17 MX$603

44.26%

Fast Food Meal (McDonalds, etc)

$8.07 PAB 8.07

$8.31 MX$151

-2.89%

Cappuccino

$4.02 PAB 4.02

$3.03 MX$55.1

32.67%

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

$1.94 PAB 1.94

$1.20 MX$21.78

61.67%

Water (0.33 liter bottle)

$1.62 PAB 1.62

$0.82 MX$14.89

97.56%

Local Beer (0.5 liter draught)

$3.26 PAB 3.26

$2.80 MX$50.9

16.43%

Imported Beer (0.33 liter bottle)

$3.99 PAB 3.99

$4.04 MX$73.6

-1.24%

Milk (1 liter)

$1.83 PAB 1.83

$1.80 MX$32.70

1.67%

White Bread (500g)

$2.57 PAB 2.57

$2.28 MX$41.56

12.72%

Rice (white) (1kg)

$3.33 PAB 3.33

$1.99 MX$36.15

67.34%

Eggs

$2.69 PAB 2.69

$3.26 MX$59.3

-17.48%

Local Cheese (1kg)

$12.33 PAB 12.33

$4.42 MX$80.3

178.96%

Chicken Fillets (1kg)

$6.69 PAB 6.69

$6.14 MX$112

8.96%

Beef Round Steak (1kg)

$10.40 PAB 10.40

$13.62 MX$248

-23.64%

Apples (1kg)

$4.16 PAB 4.16

$1.98 MX$36.04

110.10%

Banana (1kg)

$1.84 PAB 1.84

$2.05 MX$37.32

-10.24%

Oranges (1kg)

$4.18 PAB 4.18

$2.78 MX$50.7

50.36%

Tomato (1kg)

$4.08 PAB 4.08

$1.90 MX$34.49

114.74%

Potato (1kg)

$3.50 PAB 3.50

$2.15 MX$39.06

62.79%

Onion (1kg)

$4.37 PAB 4.37

$2.16 MX$39.22

102.31%

Lettuce (1 head)

$2.34 PAB 2.34

$1.02 MX$18.56

129.41%

Water (1.5 liter bottle)

$1.75 PAB 1.75

$1.52 MX$27.60

15.13%

Cigarettes 20 Pack (Marlboro, Camel)

$6.06 PAB 6.06

$4.45 MX$81.0

36.18%

Wine (Bottle)

$11.72 PAB 11.72

$8.69 MX$158

34.87%

Local Beer (0.5 liter bottle)

$1.37 PAB 1.37

$2.45 MX$44.49

-44.08%

Imported Beer (0.33 liter bottle)

$2.84 PAB 2.84

$3.24 MX$59.0

-12.35%

One-way Ticket (Public Transport)

$0.36 PAB 0.36

$0.42 MX$7.61

-14.29%

Public Transport Monthly Pass (Regular Price)

$20.96 PAB 20.96

$26.20 MX$477

-20.00%

Taxi Start (Normal Tariff)

$2.52 PAB 2.52

$2.00 MX$36.33

26.00%

Taxi (Normal Tariff) (1km)

$1.79 PAB 1.79

Taxi 1hour Waiting (Normal Tariff)

$22.01 PAB 22.01

$11.28 MX$205

95.12%

Gasoline (1 liter)

$1.25 PAB 1.25

$1.44 MX$26.24

-13.19%

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

$21.5K PAB 21.5K

$21.2K MX$385.9K

1.51%

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

$21.2K PAB 21.2K

$24.6K MX$447.8K

-13.91%

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

$131 PAB 131

$98.3 MX$1,787

33.49%

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

$27.68 PAB 27.68

$29.47 MX$536

-6.07%

Internet (50+ Mbps, Unlimited Data)

$48.59 PAB 48.59

$32.90 MX$598

47.69%

Gym Membership (Monthly)

$46.11 PAB 46.11

$52.8 MX$961

-12.69%

Tennis Court (1 Hour on Weekend)

$35.01 PAB 35.01

$20.42 MX$372

71.45%

Cinema Ticket

$8.73 PAB 8.73

$4.50 MX$81.9

94.00%

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

$551 PAB 551

$299 MX$5,442

84.03%

International Primary School, 1 Child (Yearly)

$9,560 PAB 9,560

$5,007 MX$91.1K

90.93%

Jeans (Levis 501 Or Similar)

$67.6 PAB 67.6

$91.0 MX$1,656

-25.73%

Summer Dress (H&M, Zara, etc)

$48.03 PAB 48.03

$36.31 MX$660

32.28%

Sport Shoes (Adidas, Nike)

$94.9 PAB 94.9

$149 MX$2,706

-36.20%

Men's Leather Business Shoes

$113 PAB 113

$127 MX$2,308

-11.00%

1-bedroom Apartment, City Center (Monthly)

$1,238 PAB 1,238

$538 MX$9,782

130.16%

1-bedroom Apartment, Outside City Center (Monthly)

$873 PAB 873

$320 MX$5,829

172.50%

3-bedroom Apartment, City Center (Monthly)

$2,197 PAB 2,197

$1,015 MX$18.5K

116.48%

3-bedroom Apartment, Outside City Center (Monthly)

$1,538 PAB 1,538

$709 MX$12.9K

116.86%

Buy Apartment in City Center (m2)

$3,116 PAB 3,116

$1,820 MX$33.1K

71.21%

Buy Apartment Outside City Center (m2)

$1,725 PAB 1,725

$750 MX$13.6K

129.91%

Average Monthly Net Salary (After Tax)

$934 PAB 934

$886 MX$16.1K

5.44%

20-Year Fixed Mortgage Interest Rate (Annual %)

6.39

11.6

-44.91%

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

Last update for Panama City: October 3, 2026

Last update for Hermosillo: October 4, 2026

Monthly budget structure

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

Accommodation & Living

Panama City

$873 47.2%

Hermosillo

$320 26.9% 63.3% $553

Groceries & Markets

Panama City

$324 17.5%

Hermosillo

$259 21.7% 20.2% $66

Monthly Utilities & Internet

Panama City

$207 11.2%

Hermosillo

$161 13.5% 22.6% $47

Eating Out

Panama City

$202 10.9%

Hermosillo

$178 15% 11.6% $23

Clothing & Footwear

Panama City

$146 7.9%

Hermosillo

$181 15.2% 24.6% $36

Sport & Entertainment

Panama City

$64 3.4%

Hermosillo

$62 5.2% 2.8% $1.8

Getting Around

Panama City

$34 1.8%

Hermosillo

$30 * 2.5% 11.8% $4

Categories marked with * are only partly priced – their share counts the items that do have prices.

Cost Breakdown

A central one-bedroom costs $1,238 in Panama City versus $538 in Hermosillo. Rent is usually the largest line item in a monthly budget, so the gap here sets the tone for the overall comparison.

Salaries run about 5% higher in Panama City, which partly offsets the higher cost of living there. Purchasing power depends on which expenses matter most to you.

A mid-range dinner for two costs $48.00 in Panama City versus $33.00 in Hermosillo. Monthly groceries follow the same trend: $324 vs $259 – making Hermosillo the more affordable choice for daily food spending.

Good to know

🇵🇦 Panama City

🇲🇽 Hermosillo

🕒 Local time

20:57 8:57 PM

18:57 6:57 PM

2 h behind Panama City

🌤 Weather

👥 Population

1,086,990 Capital

855,563

💱 Currency

Panamanian Balboa PAB B/.

Mexican Peso MXN $

📈 Exchange rate

1 PAB = 1 USD

1 PAB = 0.892 EUR

100 MXN = 5.5 USD

100 MXN = 4.9 EUR

Exchange rates and currency converter

MXN, USD, EUR to PAB – Panamanian Balboa Converter

🇺🇸 United States Dollar ($)

🇵🇦 Panamanian Balboa (B/.)

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).

Mexican Peso exchange rates as of October 10, 2026: 1 USD = 18.19 MXN (100 MXN = 5.5 USD). 1 EUR = 20.4 MXN (100 MXN = 4.9 EUR).

USD to PAB in detail →

On the map

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Between locations

Panama City Hermosillo 3,970 km ≈ 5 h nonstop flight

From you

Panama City
Hermosillo

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

Panama City vs Hermosillo: Cost of Living - Frequently Asked Questions

Panama City costs about 53% more than Hermosillo, and outside of rent the gap comes mainly from groceries. That's enough to noticeably affect everyday spending and lifestyle for anyone choosing between the two.

For a comfortable life, plan on about $2,756 per month in Panama City and $1,802 in Hermosillo. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

Rent is clearly cheaper in Hermosillo, especially for central apartments. Housing is actually the single biggest factor behind the overall cost gap between these two cities.

Public transport costs about 25% less in Hermosillo. For daily commuters, that gap adds up to noticeable savings over a year.

Kindergarten costs $551 per month in Panama City and $299 in Hermosillo. For families with young kids, this one expense can tip the scales when choosing between the two cities.

A $1,000 monthly budget goes further in Hermosillo, where all-in costs run around $1,201, than in Panama City at $1,837. In Hermosillo it covers expenses comfortably, while in Panama City it requires careful planning or may not stretch far enough.

For digital nomads, it depends on budget. Hermosillo costs $1,201 versus $1,837 in Panama City. Both have workable remote work infrastructure, but the cost gap matters when income varies month to month.

If budget matters most, go with Hermosillo. If higher salaries, better infrastructure, or specific career opportunities are the priority, Panama City makes more sense. Both are solid long-term options with distinct trade-offs.