Mexico City vs Panama City - Cost of Living Comparison

Updated:

Livingcost

Mexico City Panama City
🚶 Cost of living one person
$1190
$1384
👨‍👩‍👧‍👦 Cost of living Family
$3028
$3435
🏠 One person rent
$611
$751
🏘️ Family rent
$1253
$1474
🍽️ Food expenses
$376
$444
🚐 Transport expenses
$92.2
$84.4
💳 Monthly salary after tax
$740
$914
😷 Air quality
Moderate
Good
✈️ Airport proximity
8 km
7 km
🎓 Higher education
90
42
😀 Quality of life
68
66
🏙️ Population
9.21M
881K

The cost of living in Mexico City is 14% less expensive than in Panama City. Cities ranked 4630th and 4139th ($1190 vs $1384) in the list of the most expensive cities in the world and ranked 6th 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 3360th and 3919th among best cities to live in the world.

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Cost of living in Mexico City vs Panama City infographic

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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
$10.3
$12.3
🥂 Dinner in a Restaurant, for 2
$45.2
$55.2
🥪 Fast food meal, equiv. McDonald's
$8.05
$7.6
🍻 Beer in a Pub, 0.5 L or 16 fl oz
$2.69
$2.94
☕ Cappuccino
$3.61
$4.25
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz
$1.08
$1.9
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2
$838
$827
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2
$489
$577
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2
$1747
$1757
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2
$1045
$1198
🔌 Utility Bill one person, electricity, heating, water, etc.
$27.7
$76.7
🔌 Utility Bill for a Family, electricity, heating, water, etc.
$42.9
$118
🌐 Internet plan, 50 Mbps+ 1 month unlimited
$24.4
$47.4
🏦 Mortgage Interest Rate for 20 Years
11.25%
6.12%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2
$2781
$2406
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2
$2233
$1535
Transportation
🚌 Local transport ticket
$0.31
$0.35
🎟️ Monthly ticket local transport
$22.1
$26.2
🚕 Taxi Ride, 8 km or 5 mi
$5.65
$13.9
⛽ Gas / Petrol, 1 L or 0.26 gal
$1.24
$1.02
Groceries
🥛 Milk, 1 L or 1 qt
$1.44
$1.78
🍞 Bread, 0.5 kg or 1.1 lb
$2.12
$2.12
🍚 Rice, 1 kg or 2.2 lb
$1.69
$2.08
🥚 Eggs, x12
$2.39
$2.67
🧀 Cheese, 1 kg or 2.2 lb
$9.69
$13.2
🐔 Chicken Breast, 1 kg or 2.2 lb
$7.51
$7.23
🥩 Round Steak, 1 kg or 2.2 lb
$11
$10.4
🍏 Apples, 1 kg or 2.2 lb
$2.58
$3.11
🍌 Banana, 1 kg or 2.2 lb
$1.45
$1.54
🍊 Oranges, 1 kg or 2.2 lb
$1.73
$3.09
🍅 Tomato, 1 kg or 2.2 lb
$1.83
$2.94
🥔 Potato, 1 kg or 2.2 lb
$1.84
$2.19
🧅 Onion, 1 kg or 2.2 lb
$1.81
$2.5
🌊 Water, 1 L or 1 qt
$0.59
$1
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz
$1.85
$2.51
🍾 Wine (mid-priced), 750 mL bottle
$13.5
$9.03
🍺 Beer, 0.5 L or 16 fl oz
$1.59
$1.14
🚬 Cigarette pack
$3.82
$5.89
💊 Cold medicince, 1 week
$7.01
$10.5
🧴 Hair Shampoo
$4.04
$6.97
🧻 Toilet paper, 4 rolls
$2.29
$3.12
👄 Toothpaste, 1 tube
$2.47
$3.06
Other
🏋️ Gym Membership, 1 month
$61
$43.8
🎫 Cinema Ticket, 1 person
$5.09
$6.71
👩‍⚕️ Doctor's visit
$53.8
$49.1
💇 Haircut, simple
$15.9
$13.7
👖 Brand Jeans
$55.6
$54.3
👟 Brand Sneakers
$94.2
$90.2
👶 Daycare or Preschool, 1 month
$396
$437
🏫 International Primary School, 1 year
$8550
$9531

Cost of living in other countries

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Cities near Mexico City

Distance City Cost of living
11 km or 7.1 mi Naucalpan
$835
14 km or 8.7 mi Tlalnepantla
$783
17 km or 10 mi Ciudad Nezahualcoyotl
$723
19 km or 12 mi Ciudad Lopez Mateos
$884
22 km or 14 mi Ecatepec de Morelos
$734
25 km or 16 mi Tultitlan de Mariano Escobedo
$775
25 km or 16 mi Chicoloapan de Juarez
$835
26 km or 16 mi Cuautitlan Izcalli
$731
29 km or 18 mi Texcoco de Mora
$794
30 km or 19 mi Tultepec
$757
31 km or 19 mi Chalco de Diaz Covarrubias
$816
42 km or 26 mi Zumpango
$772
55 km or 34 mi Toluca
$844
56 km or 35 mi Cuernavaca
$729
60 km or 37 mi Jiutepec
$734
70 km or 44 mi Cuautla
$843
89 km or 55 mi Pachuca
$704
93 km or 58 mi Atlixco
$811
105 km or 65 mi San Jose Villa de Allende
$792
106 km or 66 mi Puebla
$939
107 km or 67 mi Taxco
$789
126 km or 79 mi Iguala
$797
140 km or 87 mi San Juan del Rio
$828
184 km or 114 mi Queretaro
$941
192 km or 119 mi Teziutlan
$763
211 km or 131 mi Chilpancingo
$623
213 km or 132 mi Tehuacan
$504
214 km or 133 mi Celaya
$601
216 km or 134 mi Poza Rica
$660
217 km or 135 mi Morelia
$748
224 km or 139 mi Cortazar
$691
224 km or 139 mi Orizaba
$723
225 km or 140 mi Yuriria
$729
229 km or 143 mi Coatepec
$694
234 km or 145 mi Xalapa
$589
236 km or 146 mi San Miguel de Allende
$1223
239 km or 149 mi Cordoba
$759
250 km or 155 mi Salamanca
$659
269 km or 167 mi Irapuato
$674
281 km or 174 mi Zacapu
$709

Cities near Panama City

Distance City Cost of living
8.1 km or 5 mi Balboa
$1249
16 km or 9.9 mi Tocumen
$1231
26 km or 16 mi Pacora
$1249
34 km or 21 mi La Chorrera
$953
59 km or 37 mi Colon
$1182
108 km or 67 mi Penonome
$1098
154 km or 96 mi Chitre
$1091
190 km or 118 mi Santiago de Veraguas
$1056
321 km or 199 mi Turbo
$634
329 km or 204 mi David
$833
398 km or 247 mi Monteria
$620
403 km or 250 mi Limon
$1201
406 km or 252 mi Santa Cruz de Lorica
$638
452 km or 281 mi Sincelejo
$506
463 km or 288 mi Cartagena
$748
483 km or 300 mi Quibdo
$661
494 km or 307 mi Cartago
$961
513 km or 319 mi San Jose
$1239
518 km or 322 mi Heredia
$1246
521 km or 324 mi Magangue
$582
526 km or 327 mi Bello
$789
529 km or 329 mi Alajuela
$1233
530 km or 329 mi Medellin
$873
534 km or 332 mi Envigado
$871
558 km or 347 mi Soledad
$840
559 km or 348 mi Barranquilla
$789
595 km or 370 mi Puntarenas
$1277
617 km or 383 mi Cartago
$619
617 km or 383 mi Cienaga
$831
623 km or 387 mi Manizales
$653
627 km or 390 mi Santa Teresa
$1310
627 km or 390 mi Pereira
$641
631 km or 392 mi Santa Marta
$979
632 km or 393 mi Buenaventura
$718
636 km or 395 mi Minca
$863
651 km or 404 mi Salento
$562
652 km or 405 mi Armenia
$541
657 km or 408 mi Tulua
$477
658 km or 409 mi Barrancabermeja
$573
675 km or 419 mi Liberia
$898