Mexico City vs Panama City - Cost of Living Comparison

Updated:

Livingcost

Mexico City Panama City
🚶 Cost of living one person
$1288
$1316
👨‍👩‍👧‍👦 Cost of living Family
$3248
$3171
🏠 One person rent
$663
$709
🏘️ Family rent
$1322
$1291
🍽️ Food expenses
$407
$426
🚐 Transport expenses
$105
$78
💳 Monthly salary after tax
$819
$901
😷 Air quality
Moderate
Moderate
✈️ Airport proximity
7 km
7 km
🎓 Higher education
90
42
😀 Quality of life
66
67
🏙️ Population
9.21M
881K

The cost of living in Mexico City is 2% less expensive than in Panama City. Cities ranked 4206th and 4138th ($1288 vs $1316) in the list of the most expensive cities in the world and ranked 8th and 1st in Mexico and Panama, respectively. Check Mexico vs Panama comparison.

The average after-tax salary is enough to cover living expenses for 0.6 months in Mexico City compared to 0.7 months in Panama City. Mexico City ranked 1st best city to live in Mexico vs Panama City ranked 1st in Panama, while ranked 4184th and 3926th among best cities to live in the world.

Salary adjustment calculator
the estimated difference in money purchasing power

Cost of living in Mexico City vs Panama City infographic

Share this infographic!

Prices in Mexico City vs Panama City

Prices for goods and services in Mexico City and Panama City are partly crowdsourced by our visitors, just like yourself. Please consider telling us about your city.

Mexico City Panama City
Eating Out
🍱 Lunch Menu
$10.1
$11.5
🥂 Dinner in a Restaurant, for 2
$46.4
$51.8
🥪 Fast food meal, equiv. McDonald's
$8.85
$7.97
🍻 Beer in a Pub, 0.5 L or 16 fl oz
$2.87
$2.6
 Cappuccino
$3.86
$4.35
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz
$1.25
$1.75
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2
$928
$836
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2
$520
$520
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2
$1792
$1703
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2
$1104
$980
🔌 Utility Bill one person, electricity, heating, water, etc.
$34.7
$78.2
🔌 Utility Bill for a Family, electricity, heating, water, etc.
$52.7
$119
🌐 Internet plan, 50 Mbps+ 1 month unlimited
$27.1
$47.6
🏦 Mortgage Interest Rate for 20 Years
10.98%
5.97%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2
$3145
$2399
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2
$2277
$1457
Transportation
🚌 Local transport ticket
$0.35
$0.35
🎟️ Monthly ticket local transport
$22.9
$25.9
🚕 Taxi Ride, 8 km or 5 mi
$7.07
$12
 Gas / Petrol, 1 L or 0.26 gal
$1.4
$1.06
Groceries
🥛 Milk, 1 L or 1 qt
$1.64
$1.76
🍞 Bread, 0.5 kg or 1.1 lb
$2.14
$2.11
🍚 Rice, 1 kg or 2.2 lb
$1.76
$1.71
🥚 Eggs, x12
$2.67
$2.63
🧀 Cheese, 1 kg or 2.2 lb
$11.3
$11.9
🐔 Chicken Breast, 1 kg or 2.2 lb
$8.59
$7.45
🥩 Round Steak, 1 kg or 2.2 lb
$12.5
$8.87
🍏 Apples, 1 kg or 2.2 lb
$3.01
$2.91
🍌 Banana, 1 kg or 2.2 lb
$1.48
$1.37
🍊 Oranges, 1 kg or 2.2 lb
$1.89
$2.8
🍅 Tomato, 1 kg or 2.2 lb
$1.9
$2.81
🥔 Potato, 1 kg or 2.2 lb
$2.16
$2.1
🧅 Onion, 1 kg or 2.2 lb
$2.09
$2.02
🌊 Water, 1 L or 1 qt
$0.67
$0.98
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz
$2.02
$2.59
🍾 Wine (mid-priced), 750 mL bottle
$15.2
$9.98
🍺 Beer, 0.5 L or 16 fl oz
$1.72
$1.14
🚬 Cigarette pack
$4.34
$5.88
💊 Cold medicince, 1 week
$8.09
$9.43
🧴 Hair Shampoo
$3.53
$7.05
🧻 Toilet paper, 4 rolls
$2.61
$3.43
👄 Toothpaste, 1 tube
$1.81
$3.7
Other
🏋️ Gym Membership, 1 month
$56.7
$42
🎫 Cinema Ticket, 1 person
$5.6
$6.85
👩‍⚕️ Doctor's visit
$45.4
$48.6
💇 Haircut, simple
$16.1
$13.5
👖 Brand Jeans
$65.3
$54.3
👟 Brand Sneakers
$107
$86.9
👶 Daycare or Preschool, 1 month
$426
$408
🏫 International Primary School, 1 year
$10204
$9581

Cost of living in other countries

Cost of living

More cities to compare

Cost of Living in the nearest cities

Cities near Mexico City

Distance City Cost of living
11 km or 7.1 mi Naucalpan
$905
14 km or 8.7 mi Tlalnepantla
$887
17 km or 10 mi Ciudad Nezahualcoyotl
$828
19 km or 12 mi Ciudad Lopez Mateos
$1009
22 km or 14 mi Ecatepec de Morelos
$904
25 km or 16 mi Tultitlan de Mariano Escobedo
$874
25 km or 16 mi Chicoloapan de Juarez
$924
26 km or 16 mi Cuautitlan Izcalli
$816
29 km or 18 mi Texcoco de Mora
$899
30 km or 19 mi Tultepec
$861
31 km or 19 mi Chalco de Diaz Covarrubias
$910
42 km or 26 mi Zumpango
$875
55 km or 34 mi Toluca
$781
56 km or 35 mi Cuernavaca
$767
60 km or 37 mi Jiutepec
$804
70 km or 44 mi Cuautla
$927
89 km or 55 mi Pachuca
$826
93 km or 58 mi Atlixco
$915
105 km or 65 mi San Jose Villa de Allende
$856
106 km or 66 mi Puebla
$1066
107 km or 67 mi Taxco
$853
126 km or 79 mi Iguala
$851
140 km or 87 mi San Juan del Rio
$913
184 km or 114 mi Queretaro
$996
192 km or 119 mi Teziutlan
$810
211 km or 131 mi Chilpancingo
$702
213 km or 132 mi Tehuacan
$596
214 km or 133 mi Celaya
$682
216 km or 134 mi Poza Rica
$768
217 km or 135 mi Morelia
$765
224 km or 139 mi Cortazar
$774
224 km or 139 mi Orizaba
$833
225 km or 140 mi Yuriria
$812
229 km or 143 mi Coatepec
$779
234 km or 145 mi Xalapa
$662
236 km or 146 mi San Miguel de Allende
$1384
239 km or 149 mi Cordoba
$853
250 km or 155 mi Salamanca
$707
269 km or 167 mi Irapuato
$763
281 km or 174 mi Zacapu
$881

Cities near Panama City

Distance City Cost of living
8.1 km or 5 mi Balboa
$1189
16 km or 9.9 mi Tocumen
$1171
26 km or 16 mi Pacora
$1182
34 km or 21 mi La Chorrera
$917
59 km or 37 mi Colon
$1157
108 km or 67 mi Penonome
$940
154 km or 96 mi Chitre
$980
190 km or 118 mi Santiago de Veraguas
$961
321 km or 199 mi Turbo
$624
329 km or 204 mi David
$789
398 km or 247 mi Monteria
$633
403 km or 250 mi Limon
$1147
406 km or 252 mi Santa Cruz de Lorica
$573
452 km or 281 mi Sincelejo
$536
463 km or 288 mi Cartagena
$877
483 km or 300 mi Quibdo
$649
494 km or 307 mi Cartago
$1009
513 km or 319 mi San Jose
$1169
518 km or 322 mi Heredia
$1040
521 km or 324 mi Magangue
$582
526 km or 327 mi Bello
$778
529 km or 329 mi Alajuela
$1163
530 km or 329 mi Medellin
$867
534 km or 332 mi Envigado
$812
558 km or 347 mi Soledad
$851
559 km or 348 mi Barranquilla
$780
595 km or 370 mi Puntarenas
$1024
617 km or 383 mi Cartago
$639
617 km or 383 mi Cienaga
$661
623 km or 387 mi Manizales
$727
627 km or 390 mi Santa Teresa
$1114
627 km or 390 mi Pereira
$639
631 km or 392 mi Santa Marta
$705
632 km or 393 mi Buenaventura
$552
636 km or 395 mi Minca
$655
651 km or 404 mi Salento
$567
652 km or 405 mi Armenia
$551
657 km or 408 mi Tulua
$493
658 km or 409 mi Barrancabermeja
$592
675 km or 419 mi Liberia
$1220