Cost of living in Colón, Panama vs Mazatlán, Mexico
Currency:
| Food | + 125% | |||
|---|---|---|---|---|
| Food in Colón (Panama) is 125% more expensive than in Mazatlán (Mexico) | ||||
| Basic lunchtime menu (including a drink) in the business district | 14 B/. (Mex$ 353) | Mex$ 154 | + 129% | |
| Combo meal in fast food restaurant (big mac meal or similar) | 8 B/. (Mex$ 188) | Mex$ 91 | + 105% | |
| 500 gr (1 lb.) of boneless chicken breast | 2.76 B/. (Mex$ 69) | Mex$ 47 | + 46% | |
| 1 liter (1 qt.) of whole fat milk | 1.78 B/. (Mex$ 45) | Mex$ 18 | + 151% | |
| 12 eggs, large | 3.24 B/. (Mex$ 81) | Mex$ 34 | + 140% | |
| 1 kg (2 lb.) of tomatoes | 3.21 B/. (Mex$ 80) | Mex$ 17 | + 376% | |
| 500 gr (16 oz.) of local cheese | 5.52 B/. (Mex$ 138) | Mex$ 57 | + 143% | |
| 1 kg (2 lb.) of apples | 2.65 B/. (Mex$ 66) | Mex$ 36 | + 84% | |
| 1 kg (2 lb.) of potatoes | 5.40 B/. (Mex$ 135) | Mex$ 19 | + 595% | |
| 0.5 l (16 oz) domestic beer in the supermarket | 0.76 B/. (Mex$ 19) | Mex$ 18 | + 5% | |
| 1 bottle of red table wine, good quality | 7 B/. (Mex$ 175) | Mex$ 204 | - 14% | |
| 2 liters of coca-cola | 2.24 B/. (Mex$ 56) | Mex$ 25 | + 123% | |
| Bread for 2 people for 1 day | 1.17 B/. (Mex$ 29) | Mex$ 14 | + 109% | |
| Housing | + 200% | |||
| Housing in Colón (Panama) is 200% more expensive than in Mazatlán (Mexico) | ||||
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in expensive area | 1,388 B/. (Mex$ 34,686) | Mex$ 14,928 | + 132% | |
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in normal area | 645 B/. (Mex$ 16,114) | Mex$ 6,302 | + 156% | |
| Utilities 1 month (heating, electricity, gas ...) for 2 people in 85m2 flat | 348 B/. (Mex$ 8,690) | Mex$ 901 | + 865% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in expensive area | 1,025 B/. (Mex$ 25,625) | Mex$ 7,950 | + 222% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in normal area | 536 B/. (Mex$ 13,389) | Mex$ 4,109 | + 226% | |
| Utilities 1 month (heating, electricity, gas ...) for 1 person in 45 m2 (480 sqft) studio | 119 B/. (Mex$ 2,974) | Mex$ 647 | + 360% | |
| Internet 8 mbps (1 month) | 33 B/. (Mex$ 825) | Mex$ 351 | + 135% | |
| 40” flat screen tv | 340 B/. (Mex$ 8,497) | Mex$ 7,423 | + 14% | |
| Microwave 800/900 watt (bosch, panasonic, lg, sharp, or equivalent brands) | 94 B/. (Mex$ 2,349) | Mex$ 1,636 | + 44% | |
| Laundry detergent (3 l. ~ 100 oz.) | 7 B/. (Mex$ 175) | Mex$ 89 | + 97% | |
| Hourly rate for cleaning help | 7 B/. (Mex$ 175) | Mex$ 58 | + 200% | |
| Clothes | + 100% | |||
| Clothes in Colón (Panama) is 100% more expensive than in Mazatlán (Mexico) | ||||
| 1 pair of jeans (levis 501 or similar) | 60 B/. (Mex$ 1,512) | Mex$ 786 | + 92% | |
| 1 summer dress in a high street store (zara, h&m or similar retailers) | 49 B/. (Mex$ 1,231) | Mex$ 560 | + 120% | |
| 1 pair of sport shoes (nike, adidas, or equivalent brands) | 77 B/. (Mex$ 1,914) | Mex$ 1,394 | + 37% | |
| 1 pair of men’s leather business shoes | 81 B/. (Mex$ 2,035) | Mex$ 1,124 | + 81% | |
| Transportation | + 66% | |||
| Transportation in Colón (Panama) is 66% more expensive than in Mazatlán (Mexico) | ||||
| Volkswagen golf 1.4 tsi 150 cv (or equivalent), with no extras, new | 18,737 B/. (Mex$ 468,252) | Mex$ 235,920 | + 98% | |
| 1 liter (1/4 gallon) of gas | 0.80 B/. (Mex$ 20) | Mex$ 20 | - 1% | |
| Monthly ticket public transport | 37 B/. (Mex$ 925) | Mex$ 456 | + 103% | |
| Taxi trip on a business day, basic tariff, 8 km. (5 miles) | - | Mex$ 272 | - | |
| Personal Care | + 272% | |||
| Personal Care in Colón (Panama) is 272% more expensive than in Mazatlán (Mexico) | ||||
| Cold medicine for 6 days (tylenol, frenadol, coldrex, or equivalent brands) | 14 B/. (Mex$ 350) | Mex$ 94 | + 271% | |
| 1 box of antibiotics (12 doses) | 31 B/. (Mex$ 775) | Mex$ 114 | + 582% | |
| Short visit to private doctor (15 minutes) | 60 B/. (Mex$ 1,499) | Mex$ 471 | + 219% | |
| 1 box of 32 tampons (tampax, ob, ...) | 7 B/. (Mex$ 175) | Mex$ 63 | + 178% | |
| Deodorant, roll-on (50ml ~ 1.5 oz.) | 5.09 B/. (Mex$ 127) | Mex$ 43 | + 197% | |
| Hair shampoo 2-in-1 (400 ml ~ 12 oz.) | 6.00 B/. (Mex$ 150) | Mex$ 33 | + 361% | |
| 4 rolls of toilet paper | 3.09 B/. (Mex$ 77) | Mex$ 21 | + 271% | |
| Tube of toothpaste | 1.41 B/. (Mex$ 35) | Mex$ 20 | + 76% | |
| Standard men's haircut in expat area of the city | 5.95 B/. (Mex$ 149) | Mex$ 78 | + 90% | |
| Entertainment | + 76% | |||
| Entertainment in Colón (Panama) is 76% more expensive than in Mazatlán (Mexico) | ||||
| Basic dinner out for two in neighborhood pub | 12 B/. (Mex$ 300) | Mex$ 291 | + 3% | |
| 2 tickets to the movies | 10 B/. (Mex$ 250) | Mex$ 103 | + 143% | |
| 2 tickets to the theater (best available seats) | - | Mex$ 496 | - | |
| Dinner for two at an italian restaurant in the expat area including appetisers, main course, wine and dessert | 51 B/. (Mex$ 1,275) | Mex$ 517 | + 147% | |
| 1 cocktail drink in downtown club | 7 B/. (Mex$ 175) | Mex$ 89 | + 96% | |
| Cappuccino in expat area of the city | 3.85 B/. (Mex$ 96) | Mex$ 43 | + 125% | |
| 1 beer in neighbourhood pub (500ml or 1pt.) | 3.50 B/. (Mex$ 87) | Mex$ 30 | + 187% | |
| Ipad wi-fi 128gb | 465 B/. (Mex$ 11,621) | Mex$ 11,076 | + 5% | |
| 1 min. of prepaid mobile tariff (no discounts or plans) | 0.25 B/. (Mex$ 6) | Mex$ 2.75 | + 127% | |
| 1 month of gym membership in business district | 37 B/. (Mex$ 925) | Mex$ 428 | + 116% | |
| 1 package of marlboro cigarettes | 4.53 B/. (Mex$ 113) | Mex$ 47 | + 143% | |
| TOTAL | + 125% | |||
This comparison is lacking data. It provides a decent comparison, but it is not yet reliable. It is based on 326 prices entered by 17 different people.
These prices were last updated on April 06, 2020.
Exchange rate:
24.991
MXN
/
PAB
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Cost of living in Colón (Panama) is 125% more expensive than in Mazatlán (Mexico)
For example, you would need at least Mex$ 92,282 (3,693 B/.) in Colón to maintain the same standard of living that you can have with Mex$ 41,000 in Mazatlán.
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