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

šŸ˜ Solo nomad: Panama is 13.2% more expensive than Mexico without rent, and 31.4% more expensive with rent.
šŸ˜ Family of 3: Panama is 10.8% more expensive than Mexico without rent, and 25.1% more expensive with rent.
Currency
šŸ½ Eating Out
Panama
Mexico
Difference
Meal at Budget Restaurant
$10.18 PABĀ 10.18
$10.46 MX$198
-2.68%
Three-Course Dinner for Two, Mid-Range
$50.5 PABĀ 50.5
$42.67 MX$807
18.23%
Fast Food Meal (McDonalds, etc)
$7.58 PABĀ 7.58
$8.15 MX$154
-6.99%
Cappuccino
$3.55 PABĀ 3.55
$3.32 MX$62.7
6.93%
Coke/Pepsi/Fanta/Sprite (0.33 liter bottle)
$1.51 PABĀ 1.51
$1.29 MX$24.34
17.05%
Water (0.33 liter bottle)
$1.23 PABĀ 1.23
$0.98 MX$18.47
25.51%
Local Beer (0.5 liter draught)
$2.23 PABĀ 2.23
$2.33 MX$44.09
-4.29%
Imported Beer (0.33 liter bottle)
$3.73 PABĀ 3.73
$4.27 MX$80.7
-12.65%
šŸ›’ Groceries & Markets
Panama
Mexico
Difference
Milk (1 liter)
$1.83 PABĀ 1.83
$1.53 MX$28.95
19.61%
White Bread (500g)
$2.41 PABĀ 2.41
$2.61 MX$49.42
-7.66%
Rice (white) (1kg)
$2.27 PABĀ 2.27
$1.71 MX$32.3
32.75%
Eggs
$2.7 PABĀ 2.7
$2.46 MX$46.46
9.76%
Local Cheese (1kg)
$11.54 PABĀ 11.54
$8.8 MX$166
31.14%
Chicken Fillets (1kg)
$7.39 PABĀ 7.39
$7.84 MX$148
-5.74%
Beef Round Steak (1kg)
$9.36 PABĀ 9.36
$10.85 MX$205
-13.73%
Apples (1kg)
$3.89 PABĀ 3.89
$2.75 MX$51.9
41.45%
Banana (1kg)
$1.37 PABĀ 1.37
$1.44 MX$27.16
-4.86%
Oranges (1kg)
$2.89 PABĀ 2.89
$1.84 MX$34.7
57.07%
Tomato (1kg)
$3.05 PABĀ 3.05
$1.8 MX$34.07
69.44%
Potato (1kg)
$2.1 PABĀ 2.1
$2 MX$37.78
5.00%
Onion (1kg)
$2.46 PABĀ 2.46
$2.05 MX$38.71
20.00%
Lettuce (1 head)
$2.14 PABĀ 2.14
$1.27 MX$24.02
68.50%
Water (1.5 liter bottle)
$1.6 PABĀ 1.6
$1.06 MX$19.99
50.94%
Cigarettes 20 Pack (Marlboro, Camel)
$5.88 PABĀ 5.88
$4.35 MX$82.3
35.17%
Wine (Bottle)
$10.17 PABĀ 10.17
$10.69 MX$202
-4.86%
Local Beer (0.5 liter bottle)
$1.24 PABĀ 1.24
$1.65 MX$31.16
-24.85%
Imported Beer (0.33 liter bottle)
$2.22 PABĀ 2.22
$2.95 MX$55.8
-24.75%
šŸšŒ Getting Around
Panama
Mexico
Difference
One-way Ticket (Public Transport)
$0.52 PABĀ 0.52
$0.66 MX$12.48
-21.21%
Public Transport Monthly Pass (Regular Price)
$25.45 PABĀ 25.45
$26.9 MX$508
-5.39%
Taxi Start (Normal Tariff)
$2.05 PABĀ 2.05
$2.71 MX$51.2
-24.35%
Taxi (Normal Tariff) (1km)
$1.99 PABĀ 1.99
$2 MX$37.8
-0.50%
Taxi 1hour Waiting (Normal Tariff)
$20.72 PABĀ 20.72
$10.54 MX$199
96.58%
Gasoline (1 liter)
$0.96 PABĀ 0.96
$1.31 MX$24.69
-26.72%
Midsize Hatchback 1.4l (Volkswagen Golf, Toyota Prius, Honda Civic, etc)
$21.3K PABĀ 21.3K
$20K MX$377.7K
6.82%
Compact Sedan 1.6l (Toyota Corolla, Mazda3, Kia K4, Hyundai Elantra, etc)
$20.9K PABĀ 20.9K
$23.4K MX$441.6K
-10.55%
šŸ§¾ Monthly Utilities & Internet
Panama
Mexico
Difference
Utilities for 2 People in 2-bedroom Apartment (Heating, Electricity, Gas, Water, Garbage) (85m2)
$108 PABĀ 108
$62.3 MX$1,177
73.55%
SIM Card Monthly Plan (Calls and 10GB+ Data)
$29.43 PABĀ 29.43
$23.41 MX$442
25.72%
Internet (50+ Mbps, Unlimited Data)
$47.41 PABĀ 47.41
$27.74 MX$524
70.91%
šŸŽ‰ Sport & Entertainment
Panama
Mexico
Difference
Gym Membership (Monthly)
$49.24 PABĀ 49.24
$35.15 MX$664
40.09%
Tennis Court (1 Hour on Weekend)
$33.72 PABĀ 33.72
$17.96 MX$339
87.75%
Cinema Ticket
$7.11 PABĀ 7.11
$4.65 MX$87.9
52.90%
šŸ§ø Childcare & Education
Panama
Mexico
Difference
Preschool or Kindergarten, Full Day, Private, 1 Child (Monthly)
$439 PABĀ 439
$254 MX$4,795
73.16%
International Primary School, 1 Child (Yearly)
$11.6K PABĀ 11.6K
$5,582 MX$105.5K
107.19%
šŸ‘•šŸ‘Ÿ Clothing & Footwear
Panama
Mexico
Difference
Jeans (Levis 501 Or Similar)
$47.07 PABĀ 47.07
$53.2 MX$1,006
-11.59%
Summer Dress (H&M, Zara, etc)
$40.77 PABĀ 40.77
$41.56 MX$786
-1.90%
Sport Shoes (Adidas, Nike)
$85 PABĀ 85
$92.3 MX$1,744
-7.92%
Men's Leather Business Shoes
$116 PABĀ 116
$87.7 MX$1,658
32.33%
šŸ  Accommodation & Living
Panama
Mexico
Difference
1-bedroom Apartment, City Center (Monthly)
$923 PABĀ 923
$651 MX$12.3K
41.94%
1-bedroom Apartment, Outside City Center (Monthly)
$711 PABĀ 711
$453 MX$8,561
57.00%
3-bedroom Apartment, City Center (Monthly)
$1,745 PABĀ 1,745
$1,248 MX$23.6K
39.86%
3-bedroom Apartment, Outside City Center (Monthly)
$1,378 PABĀ 1,378
$856 MX$16.2K
61.02%
Buy Apartment in City Center (m2)
$1,884 PABĀ 1,884
$2,146 MX$40.6K
-12.19%
Buy Apartment Outside City Center (m2)
$1,502 PABĀ 1,502
$1,480 MX$28K
1.49%
šŸ’µ Salaries & Financials
Panama
Mexico
Difference
Average Monthly Net Salary (After Tax)
$807 PABĀ 807
$743 MX$14.1K
8.59%
20-Year Fixed Mortgage Interest Rate (Annual %)
6.3
11.45
-44.98%

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

Last update for Panama: October 28, 2025

Last update for Mexico: October 28, 2025

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