Mexico City vs Panama City - Cost of Living Comparison

Updated:

Livingcost

Mexico City Panama City
🚶 Cost of living one person
$1160
$1479
👨‍👩‍👧‍👦 Cost of living Family
$2923
$3609
🏠 One person rent
$603
$846
🏘️ Family rent
$1214
$1592
🍽️ Food expenses
$374
$440
🚐 Transport expenses
$78.2
$83
💳 Monthly salary after tax
$709
$967
😷 Air quality
Moderate
Good
✈️ Airport proximity
8 km
7 km
🎓 Higher education
92
42
😀 Quality of life
67
67
🏙️ Population
9.21M
881K

The cost of living in Mexico City is 22% less expensive than in Panama City. Cities ranked 4604th and 3517th ($1160 vs $1479) in the list of the most expensive cities in the world and ranked 7th 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 3470th and 3734th 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
$11.1
$10.4
🥂 Dinner in a Restaurant, for 2
$46.5
$48.5
🥪 Fast food meal, equiv. McDonald's
$8.02
$8.06
🍻 Beer in a Pub, 0.5 L or 16 fl oz
$2.84
$2.97
☕ Cappuccino
$3.69
$3.99
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz
$1.23
$1.66
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2
$846
$891
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2
$475
$681
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2
$1732
$1749
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2
$998
$1344
🔌 Utility Bill one person, electricity, heating, water, etc.
$27.8
$78
🔌 Utility Bill for a Family, electricity, heating, water, etc.
$42.3
$121
🌐 Internet plan, 50 Mbps+ 1 month unlimited
$26.7
$45.4
🏦 Mortgage Interest Rate for 20 Years
11.34%
6.28%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2
$2952
$2551
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2
$2197
$1632
Transportation
🚌 Local transport ticket
$0.29
$0.42
🎟️ Monthly ticket local transport
$19.9
$23.2
🚕 Taxi Ride, 8 km or 5 mi
$3.96
$14.3
⛽ Gas / Petrol, 1 L or 0.26 gal
$1.21
$0.96
Groceries
🥛 Milk, 1 L or 1 qt
$1.45
$1.8
🍞 Bread, 0.5 kg or 1.1 lb
$2.11
$2.19
🍚 Rice, 1 kg or 2.2 lb
$1.59
$2.33
🥚 Eggs, x12
$2.43
$2.77
🧀 Cheese, 1 kg or 2.2 lb
$9.12
$12.4
🐔 Chicken Breast, 1 kg or 2.2 lb
$7.41
$7.09
🥩 Round Steak, 1 kg or 2.2 lb
$10.8
$9.99
🍏 Apples, 1 kg or 2.2 lb
$2.59
$3.44
🍌 Banana, 1 kg or 2.2 lb
$1.54
$1.58
🍊 Oranges, 1 kg or 2.2 lb
$1.85
$2.89
🍅 Tomato, 1 kg or 2.2 lb
$1.87
$2.94
🥔 Potato, 1 kg or 2.2 lb
$1.78
$2.23
🧅 Onion, 1 kg or 2.2 lb
$1.97
$2.8
🌊 Water, 1 L or 1 qt
$0.61
$1.07
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz
$1.8
$2.31
🍾 Wine (mid-priced), 750 mL bottle
$12.4
$10
🍺 Beer, 0.5 L or 16 fl oz
$1.51
$1.29
🚬 Cigarette pack
$3.89
$5.98
💊 Cold medicince, 1 week
$5.17
$11.7
🧴 Hair Shampoo
$4.39
$7.94
🧻 Toilet paper, 4 rolls
$1.79
$3.37
👄 Toothpaste, 1 tube
$1.96
$3.71
Other
🏋️ Gym Membership, 1 month
$56.6
$45.3
🎫 Cinema Ticket, 1 person
$4.97
$7.22
👩‍⚕️ Doctor's visit
$45
$54.5
💇 Haircut, simple
$16.7
$12.9
👖 Brand Jeans
$53.2
$56.8
👟 Brand Sneakers
$94.8
$93.2
👶 Daycare or Preschool, 1 month
$401
$477
🏫 International Primary School, 1 year
$9034
$13616

Cost of living in other countries

Mexico CityPanama City

Cost of living

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Cost of Living in the nearest cities

Cities near Mexico City

Distance City Cost of living
11 km or 7.1 mi Naucalpan
$800
14 km or 8.7 mi Tlalnepantla
$741
17 km or 10 mi Ciudad Nezahualcoyotl
$814
19 km or 12 mi Ciudad Lopez Mateos
$849
22 km or 14 mi Ecatepec de Morelos
$704
25 km or 16 mi Tultitlan de Mariano Escobedo
$770
25 km or 16 mi Chicoloapan de Juarez
$828
26 km or 16 mi Cuautitlan Izcalli
$742
29 km or 18 mi Texcoco de Mora
$787
30 km or 19 mi Tultepec
$747
31 km or 19 mi Chalco de Diaz Covarrubias
$820
42 km or 26 mi Zumpango
$761
55 km or 34 mi Toluca
$696
56 km or 35 mi Cuernavaca
$745
60 km or 37 mi Jiutepec
$752
70 km or 44 mi Cuautla
$858
89 km or 55 mi Pachuca
$632
93 km or 58 mi Atlixco
$825
105 km or 65 mi San Jose Villa de Allende
$760
106 km or 66 mi Puebla
$981
107 km or 67 mi Taxco
$788
126 km or 79 mi Iguala
$821
140 km or 87 mi San Juan del Rio
$826
184 km or 114 mi Queretaro
$983
192 km or 119 mi Teziutlan
$770
211 km or 131 mi Chilpancingo
$608
213 km or 132 mi Tehuacan
$485
214 km or 133 mi Celaya
$638
216 km or 134 mi Poza Rica
$635
217 km or 135 mi Morelia
$717
224 km or 139 mi Cortazar
$693
224 km or 139 mi Orizaba
$724
225 km or 140 mi Yuriria
$725
229 km or 143 mi Coatepec
$700
234 km or 145 mi Xalapa
$574
236 km or 146 mi San Miguel de Allende
$1139
239 km or 149 mi Cordoba
$759
250 km or 155 mi Salamanca
$634
269 km or 167 mi Irapuato
$667
281 km or 174 mi Zacapu
$804

Cities near Panama City

Distance City Cost of living
8.1 km or 5 mi Balboa
$1328
16 km or 9.9 mi Tocumen
$1310
26 km or 16 mi Pacora
$1304
34 km or 21 mi La Chorrera
$957
59 km or 37 mi Colon
$1172
108 km or 67 mi Penonome
$1116
154 km or 96 mi Chitre
$1117
190 km or 118 mi Santiago de Veraguas
$1089
321 km or 199 mi Turbo
$664
329 km or 204 mi David
$890
398 km or 247 mi Monteria
$645
403 km or 250 mi Limon
$1225
406 km or 252 mi Santa Cruz de Lorica
$669
452 km or 281 mi Sincelejo
$524
463 km or 288 mi Cartagena
$760
483 km or 300 mi Quibdo
$705
494 km or 307 mi Cartago
$1024
513 km or 319 mi San Jose
$1324
518 km or 322 mi Heredia
$1296
521 km or 324 mi Magangue
$604
526 km or 327 mi Bello
$839
529 km or 329 mi Alajuela
$1269
530 km or 329 mi Medellin
$906
534 km or 332 mi Envigado
$897
558 km or 347 mi Soledad
$741
559 km or 348 mi Barranquilla
$773
595 km or 370 mi Puntarenas
$801
617 km or 383 mi Cartago
$649
617 km or 383 mi Cienaga
$742
623 km or 387 mi Manizales
$653
627 km or 390 mi Santa Teresa
$1213
627 km or 390 mi Pereira
$680
631 km or 392 mi Santa Marta
$837
632 km or 393 mi Buenaventura
$742
636 km or 395 mi Minca
$759
651 km or 404 mi Salento
$605
652 km or 405 mi Armenia
$598
657 km or 408 mi Tulua
$513
658 km or 409 mi Barrancabermeja
$1031
675 km or 419 mi Liberia
$932