Mexico City vs Panama City - Cost of Living Comparison

Updated:

Livingcost

Mexico City Panama City
🚶 Cost of living one person
$1475
$1590
👨‍👩‍👧‍👦 Cost of living Family
$3516
$3556
🏠 One person rent
$792
$946
🏘️ Family rent
$1397
$1545
🍽️ Food expenses
$447
$439
🚐 Transport expenses
$107
$100
💳 Monthly salary after tax
$1122
$973
😷 Air quality
Moderate
Excellent
✈️ Airport proximity
8 km
7 km
🎓 Higher education
93
42
😀 Quality of life
73
71
🏙️ Population
9.21M
1.54M

The cost of living in Mexico City is 7% less expensive than in Panama City. Cities ranked 4074th and 3634th ($1475 vs $1590) in the list of the most expensive cities in the world and ranked 4th and 1st in Mexico and Panama, respectively. Check Mexico vs Panama comparison.

The average after-tax salary is enough to cover living expenses for 0.8 months in Mexico City compared to 0.6 months in Panama City. Mexico City ranked 1st best city to live in Mexico vs Panama City ranked 1st in Panama, while ranked 2482nd and 3213th among best cities to live in the world.

Salary adjustment calculator
the estimated difference in money purchasing power

Share this picture

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
$11.6
$9.69
🥂 Dinner in a Restaurant, for 2
$44
$45.4
🥪 Fast food meal, equiv. McDonald's
$10.3
$8.03
🍻 Beer in a Pub, 0.5 L or 16 fl oz
$3.62
$2.93
☕ Cappuccino
$4.18
$4.3
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz
$1.71
$1.82
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2
$1061
$1068
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2
$634
$747
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2
$1959
$1913
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2
$1139
$1223
🔌 Utility Bill one person, electricity, heating, water, etc.
$40.1
$90.4
🔌 Utility Bill for a Family, electricity, heating, water, etc.
$60.6
$140
🌐 Internet plan, 50 Mbps+ 1 month unlimited
$33.2
$44.6
🏦 Mortgage Interest Rate for 20 Years
11.41%
6.27%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2
$3972
$3111
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2
$2110
$1732
Transportation
🚌 Local transport ticket
$0.35
$0.35
🎟️ Monthly ticket local transport
$24.7
$22.5
🚕 Taxi Ride, 8 km or 5 mi
$6.69
$14.7
⛽ Gas / Petrol, 1 L or 0.26 gal
$1.49
$0.98
Groceries
🥛 Milk, 1 L or 1 qt
$1.82
$1.83
🍞 Bread, 0.5 kg or 1.1 lb
$2.52
$2.17
🍚 Rice, 1 kg or 2.2 lb
$1.94
$2.34
🥚 Eggs, x12
$2.98
$3.11
🧀 Cheese, 1 kg or 2.2 lb
$11.8
$12.1
🐔 Chicken Breast, 1 kg or 2.2 lb
$9.81
$7.11
🥩 Round Steak, 1 kg or 2.2 lb
$15.3
$10.6
🍏 Apples, 1 kg or 2.2 lb
$2.98
$3.56
🍌 Banana, 1 kg or 2.2 lb
$1.98
$1.54
🍊 Oranges, 1 kg or 2.2 lb
$2.16
$3.7
🍅 Tomato, 1 kg or 2.2 lb
$2.18
$3.36
🥔 Potato, 1 kg or 2.2 lb
$2.07
$2.62
🧅 Onion, 1 kg or 2.2 lb
$1.89
$3.19
🌊 Water, 1 L or 1 qt
$0.92
$1.24
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz
$2.43
$2.37
🍾 Wine (mid-priced), 750 mL bottle
$15.7
$12.1
🍺 Beer, 0.5 L or 16 fl oz
$2.02
$1.35
🚬 Cigarette pack
$5.2
$5.95
💊 Cold medicince, 1 week
$7.02
$8.08
🧴 Hair Shampoo
$5.06
$7.95
🧻 Toilet paper, 4 rolls
$2.27
$2.92
👄 Toothpaste, 1 tube
$2.09
$3.05
Other
🏋️ Gym Membership, 1 month
$63.4
$41.9
🎫 Cinema Ticket, 1 person
$6.59
$7.52
👩‍⚕️ Doctor's visit
$58.5
$42.9
💇 Haircut, simple
$19.1
$14.5
👖 Brand Jeans
$69.5
$58.4
👟 Brand Sneakers
$110
$90.7
👶 Daycare or Preschool, 1 month
$492
$505
🏫 International Primary School, 1 year
$13182
$11486

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
$977
14 km or 8.7 mi Tlalnepantla
$1003
17 km or 10 mi Ciudad Nezahualcoyotl
$959
19 km or 12 mi Ciudad Lopez Mateos
$1000
22 km or 14 mi Ecatepec de Morelos
$832
25 km or 16 mi Tultitlan de Mariano Escobedo
$940
25 km or 16 mi Chicoloapan de Juarez
$1050
26 km or 16 mi Cuautitlan Izcalli
$878
29 km or 18 mi Texcoco de Mora
$981
30 km or 19 mi Tultepec
$914
31 km or 19 mi Chalco de Diaz Covarrubias
$1013
42 km or 26 mi Zumpango
$932
55 km or 34 mi Toluca
$994
56 km or 35 mi Cuernavaca
$874
60 km or 37 mi Jiutepec
$897
70 km or 44 mi Cuautla
$1034
89 km or 55 mi Pachuca
$763
93 km or 58 mi Atlixco
$971
105 km or 65 mi San Jose Villa de Allende
$976
106 km or 66 mi Puebla
$1051
107 km or 67 mi Taxco
$973
126 km or 79 mi Iguala
$980
140 km or 87 mi San Juan del Rio
$1047
184 km or 114 mi Queretaro
$1255
192 km or 119 mi Teziutlan
$960
211 km or 131 mi Chilpancingo
$755
213 km or 132 mi Tehuacan
$924
214 km or 133 mi Celaya
$817
216 km or 134 mi Poza Rica
$916
217 km or 135 mi Morelia
$935
224 km or 139 mi Cortazar
$905
224 km or 139 mi Orizaba
$952
225 km or 140 mi Yuriria
$961
229 km or 143 mi Coatepec
$852
234 km or 145 mi Xalapa
$673
236 km or 146 mi San Miguel de Allende
$1472
239 km or 149 mi Cordoba
$974
250 km or 155 mi Salamanca
$962
269 km or 167 mi Irapuato
$920
281 km or 174 mi Zacapu
$1005

Cities near Panama City

Distance City Cost of living
8.1 km or 5 mi Balboa
$1396
16 km or 9.9 mi Tocumen
$1373
26 km or 16 mi Pacora
$1361
34 km or 21 mi La Chorrera
$982
59 km or 37 mi Colon
$1185
108 km or 67 mi Penonome
$1147
154 km or 96 mi Chitre
$1144
190 km or 118 mi Santiago de Veraguas
$1112
321 km or 199 mi Turbo
$797
329 km or 204 mi David
$909
398 km or 247 mi Monteria
$733
403 km or 250 mi Limon
$1228
406 km or 252 mi Santa Cruz de Lorica
$789
452 km or 281 mi Sincelejo
$586
463 km or 288 mi Cartagena
$1186
483 km or 300 mi Quibdo
$802
494 km or 307 mi Cartago
$1361
513 km or 319 mi San Jose
$1574
518 km or 322 mi Heredia
$1471
521 km or 324 mi Magangue
$727
526 km or 327 mi Bello
$1012
529 km or 329 mi Alajuela
$1362
530 km or 329 mi Medellin
$1162
534 km or 332 mi Envigado
$1041
558 km or 347 mi Soledad
$967
559 km or 348 mi Barranquilla
$931
595 km or 370 mi Puntarenas
$872
617 km or 383 mi Cartago
$769
617 km or 383 mi Cienaga
$882
623 km or 387 mi Manizales
$737
627 km or 390 mi Santa Teresa
$1325
627 km or 390 mi Pereira
$862
631 km or 392 mi Santa Marta
$973
632 km or 393 mi Buenaventura
$856
636 km or 395 mi Minca
$891
651 km or 404 mi Salento
$749
652 km or 405 mi Armenia
$749
657 km or 408 mi Tulua
$563
658 km or 409 mi Barrancabermeja
$1001
675 km or 419 mi Liberia
$1024