Cost of living
Mexico compared to Panama
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Overview comparison
MexicoPanama
Consumer prices in Panama are roughly 31% higher than in Mexico.
Cost of living
| Item | Mexico | Panama |
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| Total with rent one person | 933 | 1,201 |
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| Total with rent family | 2,003 | 2,678 |
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| Without rent one person | 472 | 562 |
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| Without rent one family | 1,472 | 1,566 |
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| Rent & Utilities person | 442.63 | 669.36 |
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| Rent & Utilities family | 817.99 | 1,309.05 |
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| Food person | 369 | 377 |
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| Food family | 1,005 | 1,074 |
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| Transport person | 72.6 | 58.98 |
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| Transport family | 207.45 | 192.18 |
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| Life expectancy | 91.27 years | 81.24 years |
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Eating Out
| Item | Mexico | Panama |
|---|
| Lunch Menu | 9.86 | 10.31 |
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| Dinner in a Restaurant, for 2 | 26.48 | 59.15 |
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| Fast food meal, equiv. McDonald's | 7.73 | 7.85 |
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| Beer in a Pub, 0.5 L or 16 fl oz | 2.41 | 2.7 |
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| Cappuccino | 3.66 | 3.26 |
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| Pepsi / Coke, 0.5 L or 16.9 fl oz | 0.92 | 2.23 |
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Rent & Utilities
| Item | Mexico | Panama |
|---|
| 1 bedroom apartment in city Center, 40 m2 or 430 ft2 | 577.66 | 650.8 |
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| Cheap 1 bedroom apartment, 40 m2 or 430 ft2 | 248.98 | 456.58 |
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| 3 bedroom apartment in city Center, 80 m2 or 860 ft2 | 1,077.83 | 1,210.08 |
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| Cheap 3 bedroom apartment, 80 m2 or 860 ft2 | 474.07 | 817.44 |
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| Utility Bill one person, electricity, heating, water, etc. | 41.27 | 75.55 |
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| Utility Bill for a Family, electricity, heating, water, etc. | 63.75 | 130.39 |
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| Internet plan, 25 Mbps+ 1 month unlimited | 20.62 | 50.51 |
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Transportation
| Item | Mexico | Panama |
|---|
| Local transport ticket | 9.6 | 7.31 |
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| Monthly ticket local transport | 1,941 | 2,544 |
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| Taxi Ride, 8 km or 5 mi | 1,500 | 1,344 |
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| Gas / Petrol, 1 L or 0.26 gal | 0.58 | 0.42 |
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| Mortgage Interest Rate for 20 Years | 33.39% | 33.76% |
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| Apartment price to Buy in city Center, 1 m2 or 10 ft2 | 11.95 | 12.21 |
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| House price to Buy in Suburbs, 1 m2 or 10 ft2 | 1.03 | 1.2 |
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Groceries
| Item | Mexico | Panama |
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| Milk, 1 L or 1 qt | 1.16 | 1.52 |
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| Bread, 0.5 kg or 1.1 lb | 2.13 | 2.16 |
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| Eggs, x12 | 2.6 | 2.26 |
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| Cheese, 1 kg or 2.2 lb | 8.52 | 10.81 |
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| Chicken Breast, 1 kg or 2.2 lb | 8.29 | 7.83 |
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| Round Steak, 1 kg or 2.2 lb | 9.47 | 8.5 |
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| Banana, 1 kg or 2.2 lb | 1.05 | 1.73 |
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| Water, 1 L or 1 qt | 0.55 | 0.98 |
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Other
| Item | Mexico | Panama |
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| Gym Membership, 1 month | 40.98 | 34.98 |
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| Cinema Ticket, 1 person | 4.68 | 6.51 |
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| Doctors visit | 35.23 | 54.26 |
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| Haircut, simple | 8.42 | 11.87 |
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| Brand Jeans | 41.5 | 45.6 |
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| Brand Sneakers | 79.79 | 95.92 |
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| Daycare or Preschool, 1 month | 238.05 | 438.62 |
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| International Primary School, 1 year | 5,721 | 11,151 |
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