- Cost of Living
- Panama
- Mexico
- Comparison
Cost of living in Panama compared to Mexico
Currency:
| Food | + 65% | |||
|---|---|---|---|---|
| Food in Panama is 65% more expensive than in Mexico | ||||
| Basic lunchtime menu (including a drink) in the business district | 12 B/. (Mex$ 245) | Mex$ 118 | + 107% | |
| Combo meal in fast food restaurant (Big Mac Meal or similar) | 6 B/. (Mex$ 131) | Mex$ 95 | + 39% | |
| 500 gr (1 lb.) of boneless chicken breast | 3.57 B/. (Mex$ 72) | Mex$ 66 | + 10% | |
| 1 liter (1 qt.) of whole fat milk | 1.62 B/. (Mex$ 33) | Mex$ 19 | + 76% | |
| 12 eggs, large | 2.92 B/. (Mex$ 59) | Mex$ 31 | + 92% | |
| 1 kg (2 lb.) of tomatoes | 3.20 B/. (Mex$ 65) | Mex$ 20 | + 231% | |
| 500 gr (16 oz.) of local cheese | 4.68 B/. (Mex$ 95) | Mex$ 62 | + 53% | |
| 1 kg (2 lb.) of apples | 4.51 B/. (Mex$ 91) | Mex$ 37 | + 144% | |
| 1 kg (2 lb.) of potatoes | 2.00 B/. (Mex$ 40) | Mex$ 24 | + 70% | |
| 0.5 l (16 oz) domestic beer in the supermarket | 0.87 B/. (Mex$ 18) | Mex$ 21 | - 17% | |
| 1 bottle of red table wine, good quality | 9 B/. (Mex$ 176) | Mex$ 223 | - 21% | |
| 2 liters of Coca-Cola | 2.23 B/. (Mex$ 45) | Mex$ 25 | + 78% | |
| Bread for 2 people for 1 day | 1.62 B/. (Mex$ 33) | Mex$ 20 | + 63% | |
| Housing | + 62% | |||
| Housing in Panama is 62% more expensive than in Mexico | ||||
| Monthly rent for 85 m2 (900 Sqft) furnished accommodation in EXPENSIVE area | 1,595 B/. (Mex$ 32,254) | Mex$ 19,601 | + 65% | |
| Monthly rent for 85 m2 (900 Sqft) furnished accommodation in NORMAL area | 1,004 B/. (Mex$ 20,288) | Mex$ 10,336 | + 96% | |
| Utilities 1 month (heating, electricity, gas ...) for 2 people in 85m2 flat | 130 B/. (Mex$ 2,619) | Mex$ 1,616 | + 62% | |
| Monthly rent for a 45 m2 (480 Sqft) furnished studio in EXPENSIVE area | 988 B/. (Mex$ 19,970) | Mex$ 11,774 | + 70% | |
| Monthly rent for a 45 m2 (480 Sqft) furnished studio in NORMAL area | 587 B/. (Mex$ 11,869) | Mex$ 6,568 | + 81% | |
| Utilities 1 month (heating, electricity, gas ...) for 1 person in 45 m2 (480 Sqft) studio | 108 B/. (Mex$ 2,192) | Mex$ 1,602 | + 37% | |
| Internet 8 Mbps (1 month) | 31 B/. (Mex$ 626) | Mex$ 381 | + 64% | |
| 40” flat screen TV | 350 B/. (Mex$ 7,076) | Mex$ 8,129 | - 13% | |
| Microwave 800/900 Watt (Bosch, Panasonic, LG, Sharp, or equivalent brands) | 95 B/. (Mex$ 1,922) | Mex$ 2,016 | - 5% | |
| Laundry detergent (3 l. ~ 100 oz.) | 9 B/. (Mex$ 190) | Mex$ 103 | + 85% | |
| Hourly rate for cleaning help | 4.18 B/. (Mex$ 85) | Mex$ 88 | - 4% | |
| Clothes | + 31% | |||
| Clothes in Panama is 31% more expensive than in Mexico | ||||
| 1 pair of jeans (Levis 501 or similar) | 67 B/. (Mex$ 1,363) | Mex$ 798 | + 71% | |
| 1 summer dress in a High Street Store (Zara, H&M or similar retailers) | 39 B/. (Mex$ 787) | Mex$ 652 | + 21% | |
| 1 pair of sport shoes (Nike, Adidas, or equivalent brands) | 82 B/. (Mex$ 1,668) | Mex$ 1,486 | + 12% | |
| 1 pair of men’s leather business shoes | 97 B/. (Mex$ 1,967) | Mex$ 1,302 | + 51% | |
| Transportation | + 32% | |||
| Transportation in Panama is 32% more expensive than in Mexico | ||||
| Volkswagen Golf 1.4 TSI 150 CV (or equivalent), with no extras, new | 20,119 B/. (Mex$ 406,729) | Mex$ 312,016 | + 30% | |
| 1 liter (1/4 gallon) of gas | 0.80 B/. (Mex$ 16) | Mex$ 19 | - 14% | |
| Monthly ticket public transport | 37 B/. (Mex$ 754) | Mex$ 466 | + 62% | |
| Personal Care | + 111% | |||
| Personal Care in Panama is 111% more expensive than in Mexico | ||||
| Cold medicine for 6 days (Tylenol, Frenadol, Coldrex, or equivalent brands) | 5.19 B/. (Mex$ 105) | Mex$ 77 | + 35% | |
| 1 box of antibiotics (12 doses) | 28 B/. (Mex$ 573) | Mex$ 184 | + 212% | |
| Short visit to private Doctor (15 minutes) | 41 B/. (Mex$ 820) | Mex$ 541 | + 52% | |
| 1 box of 32 tampons (Tampax, OB, ...) | 8 B/. (Mex$ 164) | Mex$ 68 | + 140% | |
| Deodorant, roll-on (50ml ~ 1.5 oz.) | 5.51 B/. (Mex$ 111) | Mex$ 49 | + 128% | |
| Hair shampoo 2-in-1 (400 ml ~ 12 oz.) | 5.59 B/. (Mex$ 113) | Mex$ 53 | + 114% | |
| 4 rolls of toilet paper | 3.28 B/. (Mex$ 66) | Mex$ 28 | + 138% | |
| Tube of toothpaste | 2.86 B/. (Mex$ 58) | Mex$ 29 | + 100% | |
| Standard men's haircut in expat area of the city | 13 B/. (Mex$ 259) | Mex$ 122 | + 112% | |
| Entertainment | + 65% | |||
| Entertainment in Panama is 65% more expensive than in Mexico | ||||
| Basic dinner out for two in neighborhood pub | 50 B/. (Mex$ 1,006) | Mex$ 385 | + 161% | |
| 2 tickets to the movies | 12 B/. (Mex$ 241) | Mex$ 136 | + 77% | |
| 2 tickets to the theater (best available seats) | 104 B/. (Mex$ 2,095) | Mex$ 1,185 | + 77% | |
| Dinner for two at an Italian restaurant in the expat area including appetisers, main course, wine and dessert | 71 B/. (Mex$ 1,439) | Mex$ 741 | + 94% | |
| 1 cocktail drink in downtown club | 9 B/. (Mex$ 179) | Mex$ 103 | + 74% | |
| Cappuccino in expat area of the city | 4.03 B/. (Mex$ 81) | Mex$ 55 | + 49% | |
| 1 beer in neighbourhood pub (500ml or 1pt.) | 4.06 B/. (Mex$ 82) | Mex$ 44 | + 85% | |
| iPad Wi-Fi 128GB | 586 B/. (Mex$ 11,838) | Mex$ 10,287 | + 15% | |
| 1 min. of prepaid mobile tariff (no discounts or plans) | - | Mex$ 2.31 | - | |
| 1 month of gym membership in business district | 58 B/. (Mex$ 1,169) | Mex$ 721 | + 62% | |
| 1 package of Marlboro cigarettes | 5.21 B/. (Mex$ 105) | Mex$ 52 | + 102% | |
| TOTAL | + 58% | |||
These prices were last updated on November 12, 2018.
Exchange rate:
20.216
MXN
/
PAB
This comparison is based on abundant and consistent data. It is based on 10,930 prices entered by 1,255 different people.
Cost of living in Panama is 58% more expensive than in Mexico
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