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

😐 Solo nomad: Panama City is 2.3% more expensive than Mexico City without rent, and 22.3% more expensive with rent.

🙂 Family of 3: Panama City is 1.1% cheaper than Mexico City without rent, and 12.6% more expensive with rent.

Meal at Budget Restaurant

$10.18 PAB 10.18

$13.38 MX$253

-23.92%

Three-Course Dinner for Two, Mid-Range

$49.36 PAB 49.36

$52.7 MX$997

-6.39%

Fast Food Meal (McDonalds, etc)

$8.16 PAB 8.16

$9.31 MX$176

-12.35%

Cappuccino

$3.58 PAB 3.58

$3.61 MX$68.3

-0.83%

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

$1.66 PAB 1.66

$1.64 MX$30.91

1.22%

Water (0.33 liter bottle)

$1.41 PAB 1.41

$1.12 MX$21.14

25.89%

Local Beer (0.5 liter draught)

$3.08 PAB 3.08

$3.26 MX$61.7

-5.52%

Imported Beer (0.33 liter bottle)

$3.9 PAB 3.9

$4.82 MX$91.1

-19.09%

Milk (1 liter)

$1.88 PAB 1.88

$1.65 MX$31.24

13.94%

White Bread (500g)

$2.56 PAB 2.56

$2.74 MX$51.7

-6.57%

Rice (white) (1kg)

$2.52 PAB 2.52

$1.92 MX$36.28

31.25%

Eggs

$2.95 PAB 2.95

$2.51 MX$47.53

17.53%

Local Cheese (1kg)

$11.6 PAB 11.6

$9.89 MX$187

17.29%

Chicken Fillets (1kg)

$7.14 PAB 7.14

$8.39 MX$159

-14.90%

Beef Round Steak (1kg)

$9.92 PAB 9.92

$11.95 MX$226

-16.99%

Apples (1kg)

$3.42 PAB 3.42

$2.87 MX$54.3

19.16%

Banana (1kg)

$1.49 PAB 1.49

$1.74 MX$32.85

-14.37%

Oranges (1kg)

$2.73 PAB 2.73

$2 MX$37.81

36.50%

Tomato (1kg)

$3.24 PAB 3.24

$2.07 MX$39.14

56.52%

Potato (1kg)

$2.28 PAB 2.28

$2.05 MX$38.78

11.22%

Onion (1kg)

$2.91 PAB 2.91

$2.18 MX$41.22

33.49%

Lettuce (1 head)

$2.14 PAB 2.14

$1.38 MX$26.16

55.07%

Water (1.5 liter bottle)

$1.57 PAB 1.57

$1.11 MX$21.06

41.44%

Cigarettes 20 Pack (Marlboro, Camel)

$5.84 PAB 5.84

$4.16 MX$78.6

40.38%

Wine (Bottle)

$9.91 PAB 9.91

$11.05 MX$209

-10.32%

Local Beer (0.5 liter bottle)

$1.3 PAB 1.3

$1.75 MX$33.16

-25.71%

Imported Beer (0.33 liter bottle)

$2.32 PAB 2.32

$3.7 MX$70

-37.30%

One-way Ticket (Public Transport)

$0.44 PAB 0.44

$0.38 MX$7.25

15.79%

Public Transport Monthly Pass (Regular Price)

$22.32 PAB 22.32

$18.97 MX$359

17.66%

Taxi Start (Normal Tariff)

$2.53 PAB 2.53

$1.36 MX$25.72

86.03%

Taxi (Normal Tariff) (1km)

$1.76 PAB 1.76

$0.28 MX$5.25

528.57%

Taxi 1hour Waiting (Normal Tariff)

$21.86 PAB 21.86

$5.3 MX$100

312.45%

Gasoline (1 liter)

$0.89 PAB 0.89

$1.36 MX$25.63

-34.56%

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

$19.9K PAB 19.9K

$18.8K MX$354.6K

6.16%

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

$20.5K PAB 20.5K

$23.4K MX$441.7K

-12.44%

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

$124 PAB 124

$39.97 MX$756

211.38%

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

$29.96 PAB 29.96

$27.48 MX$519

9.02%

Internet (50+ Mbps, Unlimited Data)

$50.2 PAB 50.2

$30.22 MX$571

65.95%

Gym Membership (Monthly)

$44.96 PAB 44.96

$52.6 MX$994

-14.52%

Tennis Court (1 Hour on Weekend)

$32.03 PAB 32.03

$26.84 MX$507

19.34%

Cinema Ticket

$8.16 PAB 8.16

$6.32 MX$120

29.11%

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

$471 PAB 471

$437 MX$8,258

7.92%

International Primary School, 1 Child (Yearly)

$16K PAB 16K

$10.6K MX$199.9K

50.93%

Jeans (Levis 501 Or Similar)

$52 PAB 52

$57.2 MX$1,082

-9.11%

Summer Dress (H&M, Zara, etc)

$45.24 PAB 45.24

$45.14 MX$853

0.22%

Sport Shoes (Adidas, Nike)

$87.6 PAB 87.6

$102 MX$1,928

-14.09%

Men's Leather Business Shoes

$120 PAB 120

$109 MX$2,056

10.76%

1-bedroom Apartment, City Center (Monthly)

$1,126 PAB 1,126

$1,000 MX$18.9K

12.66%

1-bedroom Apartment, Outside City Center (Monthly)

$890 PAB 890

$622 MX$11.8K

43.06%

3-bedroom Apartment, City Center (Monthly)

$2,013 PAB 2,013

$2,160 MX$40.8K

-6.79%

3-bedroom Apartment, Outside City Center (Monthly)

$1,555 PAB 1,555

$1,235 MX$23.3K

25.91%

Buy Apartment in City Center (m2)

$2,710 PAB 2,710

$3,566 MX$67.4K

-23.99%

Buy Apartment Outside City Center (m2)

$1,655 PAB 1,655

$2,480 MX$46.9K

-33.27%

Average Monthly Net Salary (After Tax)

$975 PAB 975

$867 MX$16.4K

12.39%

20-Year Fixed Mortgage Interest Rate (Annual %)

6.23

11.34

-45.06%

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

Last update for Panama City: October 29, 2025

Last update for Mexico City: October 28, 2025

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