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

Name: Mexico
Address: MX

😐 Solo nomad: Panama is 8% more expensive than Mexico without rent, and 30.4% more expensive with rent.

😐 Family of 3: Panama is 11.6% more expensive than Mexico without rent, and 29.4% more expensive with rent.

Meal at Budget Restaurant

$9.89 PAB 9.89

$10.38 MX$183

-4.72%

Three-Course Dinner for Two, Mid-Range

$50.8 PAB 50.8

$42.10 MX$743

20.64%

Fast Food Meal (McDonalds, etc)

$7.62 PAB 7.62

$7.87 MX$139

-3.18%

Cappuccino

$3.60 PAB 3.60

$3.24 MX$57.2

11.11%

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

$1.47 PAB 1.47

$1.32 MX$23.33

11.36%

Water (0.33 liter bottle)

$1.29 PAB 1.29

$0.91 MX$16.06

41.76%

Local Beer (0.5 liter draught)

$2.22 PAB 2.22

$2.33 MX$41.17

-4.72%

Imported Beer (0.33 liter bottle)

$3.73 PAB 3.73

$4.29 MX$75.7

-13.05%

Milk (1 liter)

$1.80 PAB 1.80

$1.50 MX$26.55

20.00%

White Bread (500g)

$2.48 PAB 2.48

$2.54 MX$44.81

-2.36%

Rice (white) (1kg)

$2.24 PAB 2.24

$1.74 MX$30.78

28.74%

Eggs

$2.60 PAB 2.60

$2.38 MX$42.06

9.24%

Local Cheese (1kg)

$11.37 PAB 11.37

$8.69 MX$153

30.84%

Chicken Fillets (1kg)

$7.20 PAB 7.20

$7.81 MX$138

-7.81%

Beef Round Steak (1kg)

$9.52 PAB 9.52

$10.79 MX$190

-11.77%

Apples (1kg)

$4.02 PAB 4.02

$2.80 MX$49.48

43.57%

Banana (1kg)

$1.33 PAB 1.33

$1.51 MX$26.69

-11.92%

Oranges (1kg)

$2.90 PAB 2.90

$1.90 MX$33.56

52.63%

Tomato (1kg)

$3.04 PAB 3.04

$1.78 MX$31.37

70.79%

Potato (1kg)

$2.17 PAB 2.17

$1.95 MX$34.41

11.28%

Onion (1kg)

$2.37 PAB 2.37

$1.97 MX$34.82

20.30%

Lettuce (1 head)

$2.14 PAB 2.14

$1.26 MX$22.20

69.84%

Water (1.5 liter bottle)

$1.63 PAB 1.63

$1.02 MX$17.97

59.80%

Cigarettes 20 Pack (Marlboro, Camel)

$6.04 PAB 6.04

$4.19 MX$73.9

44.15%

Wine (Bottle)

$10.18 PAB 10.18

$11.20 MX$198

-9.11%

Local Beer (0.5 liter bottle)

$1.25 PAB 1.25

$1.66 MX$29.21

-24.70%

Imported Beer (0.33 liter bottle)

$2.30 PAB 2.30

$2.92 MX$51.6

-21.23%

One-way Ticket (Public Transport)

$0.52 PAB 0.52

$0.65 MX$11.55

-20.00%

Public Transport Monthly Pass (Regular Price)

$25.15 PAB 25.15

$26.48 MX$467

-5.02%

Taxi Start (Normal Tariff)

$2.05 PAB 2.05

$2.57 MX$45.33

-20.23%

Taxi (Normal Tariff) (1km)

$1.95 PAB 1.95

$1.91 MX$33.65

2.09%

Taxi 1hour Waiting (Normal Tariff)

$20.88 PAB 20.88

$10.47 MX$185

99.43%

Gasoline (1 liter)

$0.96 PAB 0.96

$1.31 MX$23.07

-26.72%

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

$21.6K PAB 21.6K

$20.5K MX$361.4K

5.46%

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

$21.2K PAB 21.2K

$22.7K MX$400.8K

-6.78%

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

$107 PAB 107

$63.3 MX$1,117

69.17%

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

$28.96 PAB 28.96

$23.14 MX$409

25.15%

Internet (50+ Mbps, Unlimited Data)

$47.54 PAB 47.54

$28.47 MX$502

66.98%

Gym Membership (Monthly)

$50.3 PAB 50.3

$35.44 MX$626

42.04%

Tennis Court (1 Hour on Weekend)

$34.39 PAB 34.39

$18.02 MX$318

90.84%

Cinema Ticket

$6.90 PAB 6.90

$4.66 MX$82.3

48.07%

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

$442 PAB 442

$248 MX$4,377

78.41%

International Primary School, 1 Child (Yearly)

$11.3K PAB 11.3K

$5,750 MX$101.5K

97.39%

Jeans (Levis 501 Or Similar)

$46.73 PAB 46.73

$51.8 MX$914

-9.74%

Summer Dress (H&M, Zara, etc)

$41.09 PAB 41.09

$40.92 MX$722

0.42%

Sport Shoes (Adidas, Nike)

$83.8 PAB 83.8

$93.9 MX$1,657

-10.78%

Men's Leather Business Shoes

$117 PAB 117

$89.7 MX$1,583

30.29%

1-bedroom Apartment, City Center (Monthly)

$948 PAB 948

$636 MX$11.2K

49.09%

1-bedroom Apartment, Outside City Center (Monthly)

$705 PAB 705

$439 MX$7,755

60.47%

3-bedroom Apartment, City Center (Monthly)

$1,721 PAB 1,721

$1,225 MX$21.6K

40.56%

3-bedroom Apartment, Outside City Center (Monthly)

$1,363 PAB 1,363

$848 MX$15.0K

60.73%

Buy Apartment in City Center (m2)

$2,980 PAB 2,980

$2,594 MX$45.8K

14.87%

Buy Apartment Outside City Center (m2)

$1,704 PAB 1,704

$1,559 MX$27.5K

9.34%

Average Monthly Net Salary (After Tax)

$799 PAB 799

$805 MX$14.2K

-0.78%

20-Year Fixed Mortgage Interest Rate (Annual %)

6.3

11.45

-44.98%

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

Last update for Panama: January 13, 2026

Last update for Mexico: January 11, 2026

Digital Nomad Cost of Living Index

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

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