Cost of living in Panama City (Panama) is 5% more expensive than in Mexico City (Mexico)
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This comparison is based on abundant and consistent data. It is based on 1,587 prices entered by 221 different people.
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Currency:
| Food | - 5% | |||
|---|---|---|---|---|
| Food in Panama City (Panama) is 5% cheaper than in Mexico City (Mexico) | ||||
| Update prices | Update prices | |||
| Panama City | Mexico City | Diff | ||
| Basic lunchtime menu (including a drink) in the business district | 14 B/. (Mex$ 276) | Mex$ 319 | - 14% | |
| Combo meal in fast food restaurant (big mac meal or similar) | 7 B/. (Mex$ 128) | Mex$ 166 | - 23% | |
| 500 gr (1 lb.) of boneless chicken breast | 3.30 B/. (Mex$ 64) | Mex$ 67 | - 4% | |
| 1 liter (1 qt.) of whole fat milk | 1.74 B/. (Mex$ 34) | Mex$ 28 | + 20% | |
| 12 eggs, large | 2.70 B/. (Mex$ 52) | Mex$ 53 | - 2% | |
| 1 kg (2 lb.) of tomatoes | 2.56 B/. (Mex$ 50) | Mex$ 35 | + 40% | |
| 500 gr (16 oz.) of local cheese | 6 B/. (Mex$ 121) | Mex$ 95 | + 27% | |
| 1 kg (2 lb.) of apples | 2.46 B/. (Mex$ 48) | Mex$ 48 | + 0% | |
| 1 kg (2 lb.) of potatoes | 2.36 B/. (Mex$ 46) | Mex$ 34 | + 36% | |
| 0.5 l (16 oz) domestic beer in the supermarket | 1.07 B/. (Mex$ 21) | Mex$ 37 | - 43% | |
| 1 bottle of red table wine, good quality | 10 B/. (Mex$ 193) | Mex$ 304 | - 36% | |
| 2 liters of coca-cola | 2.55 B/. (Mex$ 49) | Mex$ 38 | + 29% | |
| Bread for 2 people for 1 day | 1.71 B/. (Mex$ 33) | Mex$ 26 | + 28% | |
| Housing | + 5% | |||
| Housing in Panama City (Panama) is 5% more expensive than in Mexico City (Mexico) | ||||
| Update prices | Update prices | |||
| Panama City | Mexico City | Diff | ||
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in expensive area | 1,542 B/. (Mex$ 29,949) | Mex$ 32,603 | - 8% | |
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in normal area | 913 B/. (Mex$ 17,722) | Mex$ 16,631 | + 7% | |
| Utilities 1 month (heating, electricity, gas ...) for 2 people in 85m2 flat | 136 B/. (Mex$ 2,634) | Mex$ 1,089 | + 142% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in expensive area | 897 B/. (Mex$ 17,417) | Mex$ 21,428 | - 19% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in normal area | 587 B/. (Mex$ 11,396) | Mex$ 11,179 | + 2% | |
| Utilities 1 month (heating, electricity, gas ...) for 1 person in 45 m2 (480 sqft) studio | 95 B/. (Mex$ 1,848) | Mex$ 657 | + 181% | |
| Internet 8 mbps (1 month) | 40 B/. (Mex$ 784) | Mex$ 457 | + 72% | |
| 40” flat screen tv | 333 B/. (Mex$ 6,475) | Mex$ 6,787 | - 5% | |
| Microwave 800/900 watt (bosch, panasonic, lg, sharp, or equivalent brands) | 99 B/. (Mex$ 1,932) | Mex$ 2,916 | - 34% | |
| Laundry detergent (3 l. ~ 100 oz.) | 16 B/. (Mex$ 303) | Mex$ 130 | + 133% | |
| Hourly rate for cleaning help | 5.44 B/. (Mex$ 106) | Mex$ 127 | - 16% | |
| Clothes | + 1% | |||
| Clothes in Panama City (Panama) is about the same as in Mexico City (Mexico) | ||||
| Update prices | Update prices | |||
| Panama City | Mexico City | Diff | ||
| 1 pair of jeans (levis 501 or similar) | 55 B/. (Mex$ 1,064) | Mex$ 1,026 | + 4% | |
| 1 summer dress in a high street store (zara, h&m or similar retailers) | 41 B/. (Mex$ 793) | Mex$ 784 | + 1% | |
| 1 pair of sport shoes (nike, adidas, or equivalent brands) | 94 B/. (Mex$ 1,828) | Mex$ 1,819 | + 1% | |
| 1 pair of men’s leather business shoes | 96 B/. (Mex$ 1,867) | Mex$ 2,025 | - 8% | |
| Transportation | - 3% | |||
| Transportation in Panama City (Panama) is about the same as in Mexico City (Mexico) | ||||
| Update prices | Update prices | |||
| Panama City | Mexico City | Diff | ||
| Volkswagen golf 1.4 tsi 150 cv (or equivalent), with no extras, new | 22,092 B/. (Mex$ 428,981) | Mex$ 403,205 | + 6% | |
| 1 liter (1/4 gallon) of gas | 1.10 B/. (Mex$ 21) | Mex$ 24 | - 12% | |
| Monthly ticket public transport | 29 B/. (Mex$ 566) | Mex$ 593 | - 5% | |
| Taxi trip on a business day, basic tariff, 8 km. (5 miles) | 8 B/. (Mex$ 152) | Mex$ 154 | - 1% | |
| Personal Care | + 32% | |||
| Personal Care in Panama City (Panama) is 32% more expensive than in Mexico City (Mexico) | ||||
| Update prices | Update prices | |||
| Panama City | Mexico City | Diff | ||
| Cold medicine for 6 days (tylenol, frenadol, coldrex, or equivalent brands) | 8 B/. (Mex$ 147) | Mex$ 127 | + 16% | |
| 1 box of antibiotics (12 doses) | 22 B/. (Mex$ 425) | Mex$ 270 | + 58% | |
| Short visit to private doctor (15 minutes) | 52 B/. (Mex$ 1,017) | Mex$ 1,059 | - 4% | |
| 1 box of 32 tampons (tampax, ob, ...) | 7 B/. (Mex$ 143) | Mex$ 70 | + 103% | |
| Deodorant, roll-on (50ml ~ 1.5 oz.) | 5.13 B/. (Mex$ 100) | Mex$ 67 | + 49% | |
| Hair shampoo 2-in-1 (400 ml ~ 12 oz.) | 7 B/. (Mex$ 139) | Mex$ 80 | + 75% | |
| 4 rolls of toilet paper | 3.09 B/. (Mex$ 60) | Mex$ 45 | + 34% | |
| Tube of toothpaste | 3.08 B/. (Mex$ 60) | Mex$ 49 | + 23% | |
| Standard men's haircut in expat area of the city | 17 B/. (Mex$ 331) | Mex$ 388 | - 15% | |
| Entertainment | + 17% | |||
| Entertainment in Panama City (Panama) is 17% more expensive than in Mexico City (Mexico) | ||||
| Update prices | Update prices | |||
| Panama City | Mexico City | Diff | ||
| Basic dinner out for two in neighborhood pub | 35 B/. (Mex$ 677) | Mex$ 664 | + 2% | |
| 2 tickets to the movies | 12 B/. (Mex$ 231) | Mex$ 195 | + 18% | |
| 2 tickets to the theater (best available seats) | 45 B/. (Mex$ 880) | Mex$ 1,436 | - 39% | |
| Dinner for two at an italian restaurant in the expat area including appetisers, main course, wine and dessert | 68 B/. (Mex$ 1,329) | Mex$ 1,381 | - 4% | |
| 1 cocktail drink in downtown club | 10 B/. (Mex$ 202) | Mex$ 263 | - 23% | |
| Cappuccino in expat area of the city | 5.62 B/. (Mex$ 109) | Mex$ 94 | + 16% | |
| 1 beer in neighbourhood pub (500ml or 1pt.) | 4.30 B/. (Mex$ 83) | Mex$ 59 | + 40% | |
| Ipad wi-fi 128gb | 680 B/. (Mex$ 13,208) | Mex$ 13,202 | + 0% | |
| 1 min. of prepaid mobile tariff (no discounts or plans) | 0.32 B/. (Mex$ 6) | Mex$ 1.60 | + 293% | |
| 1 month of gym membership in business district | 60 B/. (Mex$ 1,155) | Mex$ 1,785 | - 35% | |
| 1 package of marlboro cigarettes | 5.96 B/. (Mex$ 116) | Mex$ 72 | + 61% | |
 |
TOTAL | + 5% | ||
These prices were last updated on October 15, 2024.
Exchange rate:
19.418
MXN
/
PAB
This comparison is based on abundant and consistent data. It is based on 1,587 prices entered by 221 different people.
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