- Cost of Living
- Panama
- Mexico
- Comparison
Cost of living in Panama compared to Mexico
Currency:
| Food | + 37% | |||
|---|---|---|---|---|
| Food in Panama is 37% more expensive than in Mexico | ||||
| Basic lunchtime menu (including a drink) in the business district | 9 B/. (Mex$ 168) | Mex$ 116 | + 45% | |
| Combo meal in fast food restaurant (Big Mac Meal or similar) | 6 B/. (Mex$ 117) | Mex$ 93 | + 26% | |
| 500 gr (1 lb.) of boneless chicken breast | 2.73 B/. (Mex$ 51) | Mex$ 64 | - 20% | |
| 1 liter (1 qt.) of whole fat milk | 1.58 B/. (Mex$ 30) | Mex$ 18 | + 62% | |
| 12 eggs, large | 2.42 B/. (Mex$ 46) | Mex$ 31 | + 49% | |
| 1 kg (2 lb.) of tomatoes | 2.54 B/. (Mex$ 48) | Mex$ 20 | + 145% | |
| 500 gr (16 oz.) of local cheese | 8 B/. (Mex$ 144) | Mex$ 61 | + 134% | |
| 1 kg (2 lb.) of apples | 3.48 B/. (Mex$ 66) | Mex$ 37 | + 77% | |
| 1 kg (2 lb.) of potatoes | 1.71 B/. (Mex$ 32) | Mex$ 24 | + 34% | |
| 0.5 l (16 oz) domestic beer in the supermarket | 0.94 B/. (Mex$ 18) | Mex$ 21 | - 16% | |
| 1 bottle of red table wine, good quality | 9 B/. (Mex$ 170) | Mex$ 220 | - 22% | |
| 2 liters of Coca-Cola | 2.17 B/. (Mex$ 41) | Mex$ 25 | + 64% | |
| Bread for 2 people for 1 day | 1.67 B/. (Mex$ 32) | Mex$ 20 | + 55% | |
| Housing | + 64% | |||
| Housing in Panama is 64% more expensive than in Mexico | ||||
| Monthly rent for 85 m2 (900 Sqft) furnished accommodation in EXPENSIVE area | 1,530 B/. (Mex$ 28,840) | Mex$ 19,562 | + 47% | |
| Monthly rent for 85 m2 (900 Sqft) furnished accommodation in NORMAL area | 965 B/. (Mex$ 18,188) | Mex$ 10,064 | + 81% | |
| Utilities 1 month (heating, electricity, gas ...) for 2 people in 85m2 flat | 178 B/. (Mex$ 3,349) | Mex$ 1,519 | + 120% | |
| Monthly rent for a 45 m2 (480 Sqft) furnished studio in EXPENSIVE area | 1,113 B/. (Mex$ 20,985) | Mex$ 11,049 | + 90% | |
| Monthly rent for a 45 m2 (480 Sqft) furnished studio in NORMAL area | 681 B/. (Mex$ 12,829) | Mex$ 6,236 | + 106% | |
| Utilities 1 month (heating, electricity, gas ...) for 1 person in 45 m2 (480 Sqft) studio | 118 B/. (Mex$ 2,217) | Mex$ 1,530 | + 45% | |
| Internet 8 Mbps (1 month) | 33 B/. (Mex$ 616) | Mex$ 382 | + 61% | |
| 40” flat screen TV | 336 B/. (Mex$ 6,331) | Mex$ 8,141 | - 22% | |
| Microwave 800/900 Watt (Bosch, Panasonic, LG, Sharp, or equivalent brands) | 79 B/. (Mex$ 1,485) | Mex$ 2,040 | - 27% | |
| Laundry detergent (3 l. ~ 100 oz.) | 12 B/. (Mex$ 227) | Mex$ 103 | + 122% | |
| Hourly rate for cleaning help | 4.02 B/. (Mex$ 76) | Mex$ 78 | - 4% | |
| Clothes | + 16% | |||
| Clothes in Panama is 16% more expensive than in Mexico | ||||
| 1 pair of jeans (Levis 501 or similar) | 56 B/. (Mex$ 1,064) | Mex$ 818 | + 30% | |
| 1 summer dress in a High Street Store (Zara, H&M or similar retailers) | 38 B/. (Mex$ 712) | Mex$ 644 | + 11% | |
| 1 pair of sport shoes (Nike, Adidas, or equivalent brands) | 78 B/. (Mex$ 1,476) | Mex$ 1,456 | + 1% | |
| 1 pair of men’s leather business shoes | 98 B/. (Mex$ 1,841) | Mex$ 1,277 | + 44% | |
| Transportation | + 15% | |||
| Transportation in Panama is 15% more expensive than in Mexico | ||||
| Volkswagen Golf 1.4 TSI 150 CV (or equivalent), with no extras, new | 18,395 B/. (Mex$ 346,738) | Mex$ 299,114 | + 16% | |
| 1 liter (1/4 gallon) of gas | 0.78 B/. (Mex$ 15) | Mex$ 18 | - 20% | |
| Monthly ticket public transport | 33 B/. (Mex$ 629) | Mex$ 468 | + 34% | |
| Personal Care | + 116% | |||
| Personal Care in Panama is 116% more expensive than in Mexico | ||||
| Cold medicine for 6 days (Tylenol, Frenadol, Coldrex, or equivalent brands) | 9 B/. (Mex$ 171) | Mex$ 77 | + 123% | |
| 1 box of antibiotics (12 doses) | 31 B/. (Mex$ 578) | Mex$ 170 | + 239% | |
| Short visit to private Doctor (15 minutes) | 44 B/. (Mex$ 839) | Mex$ 536 | + 56% | |
| 1 box of 32 tampons (Tampax, OB, ...) | 6 B/. (Mex$ 122) | Mex$ 68 | + 80% | |
| Deodorant, roll-on (50ml ~ 1.5 oz.) | 5.68 B/. (Mex$ 107) | Mex$ 47 | + 126% | |
| Hair shampoo 2-in-1 (400 ml ~ 12 oz.) | 5.15 B/. (Mex$ 97) | Mex$ 50 | + 92% | |
| 4 rolls of toilet paper | 3.51 B/. (Mex$ 66) | Mex$ 28 | + 138% | |
| Tube of toothpaste | 2.54 B/. (Mex$ 48) | Mex$ 28 | + 73% | |
| Standard men's haircut in expat area of the city | 12 B/. (Mex$ 225) | Mex$ 118 | + 90% | |
| Entertainment | + 59% | |||
| Entertainment in Panama is 59% more expensive than in Mexico | ||||
| Basic dinner out for two in neighborhood pub | 43 B/. (Mex$ 816) | Mex$ 371 | + 120% | |
| 2 tickets to the movies | 11 B/. (Mex$ 209) | Mex$ 136 | + 53% | |
| 2 tickets to the theater (best available seats) | 86 B/. (Mex$ 1,614) | Mex$ 1,190 | + 36% | |
| Dinner for two at an Italian restaurant in the expat area including appetisers, main course, wine and dessert | 73 B/. (Mex$ 1,380) | Mex$ 725 | + 90% | |
| 1 cocktail drink in downtown club | 9 B/. (Mex$ 167) | Mex$ 100 | + 67% | |
| Cappuccino in expat area of the city | 4.43 B/. (Mex$ 83) | Mex$ 54 | + 55% | |
| 1 beer in neighbourhood pub (500ml or 1pt.) | 4.17 B/. (Mex$ 79) | Mex$ 43 | + 81% | |
| iPad Wi-Fi 128GB | 526 B/. (Mex$ 9,908) | Mex$ 10,306 | - 4% | |
| 1 min. of prepaid mobile tariff (no discounts or plans) | 0.15 B/. (Mex$ 2.82) | Mex$ 2.31 | + 22% | |
| 1 month of gym membership in business district | 61 B/. (Mex$ 1,159) | Mex$ 699 | + 66% | |
| 1 package of Marlboro cigarettes | 5.11 B/. (Mex$ 96) | Mex$ 52 | + 86% | |
| TOTAL | + 46% | |||
These prices were last updated on September 17, 2018.
Exchange rate:
18.850
MXN
/
PAB
This comparison is based on abundant and consistent data. It is based on 10,949 prices entered by 1,278 different people.
Cost of living in Panama is 46% more expensive than in Mexico
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