- Cost of Living
- Panama
- Mexico
- Comparison
Cost of living in Panama compared to Mexico
Currency:
| Food | + 55% | |||
|---|---|---|---|---|
| Food in Panama is 55% more expensive than in Mexico | ||||
| Basic lunchtime menu (including a drink) in the business district | 12 B/. (Mex$ 221) | Mex$ 119 | + 85% | |
| Combo meal in fast food restaurant (Big Mac Meal or similar) | 6 B/. (Mex$ 124) | Mex$ 96 | + 29% | |
| 500 gr (1 lb.) of boneless chicken breast | 3.98 B/. (Mex$ 76) | Mex$ 65 | + 17% | |
| 1 liter (1 qt.) of whole fat milk | 1.58 B/. (Mex$ 30) | Mex$ 19 | + 62% | |
| 12 eggs, large | 2.55 B/. (Mex$ 49) | Mex$ 31 | + 58% | |
| 1 kg (2 lb.) of tomatoes | 3.48 B/. (Mex$ 66) | Mex$ 21 | + 218% | |
| 500 gr (16 oz.) of local cheese | 5.09 B/. (Mex$ 97) | Mex$ 64 | + 53% | |
| 1 kg (2 lb.) of apples | 5.00 B/. (Mex$ 95) | Mex$ 38 | + 150% | |
| 1 kg (2 lb.) of potatoes | 1.66 B/. (Mex$ 32) | Mex$ 24 | + 31% | |
| 0.5 l (16 oz) domestic beer in the supermarket | 1.01 B/. (Mex$ 19) | Mex$ 21 | - 9% | |
| 1 bottle of red table wine, good quality | 9 B/. (Mex$ 167) | Mex$ 216 | - 23% | |
| 2 liters of Coca-Cola | 2.32 B/. (Mex$ 44) | Mex$ 25 | + 75% | |
| Bread for 2 people for 1 day | 1.59 B/. (Mex$ 30) | Mex$ 20 | + 51% | |
| Housing | + 60% | |||
| Housing in Panama is 60% more expensive than in Mexico | ||||
| Monthly rent for 85 m2 (900 Sqft) furnished accommodation in EXPENSIVE area | 1,559 B/. (Mex$ 29,741) | Mex$ 19,281 | + 54% | |
| Monthly rent for 85 m2 (900 Sqft) furnished accommodation in NORMAL area | 1,050 B/. (Mex$ 20,034) | Mex$ 10,195 | + 97% | |
| Utilities 1 month (heating, electricity, gas ...) for 2 people in 85m2 flat | 164 B/. (Mex$ 3,122) | Mex$ 1,635 | + 91% | |
| Monthly rent for a 45 m2 (480 Sqft) furnished studio in EXPENSIVE area | 1,032 B/. (Mex$ 19,685) | Mex$ 12,158 | + 62% | |
| Monthly rent for a 45 m2 (480 Sqft) furnished studio in NORMAL area | 635 B/. (Mex$ 12,107) | Mex$ 6,850 | + 77% | |
| Utilities 1 month (heating, electricity, gas ...) for 1 person in 45 m2 (480 Sqft) studio | 124 B/. (Mex$ 2,360) | Mex$ 1,316 | + 79% | |
| Internet 8 Mbps (1 month) | 32 B/. (Mex$ 613) | Mex$ 382 | + 60% | |
| 40” flat screen TV | 364 B/. (Mex$ 6,947) | Mex$ 8,054 | - 14% | |
| Microwave 800/900 Watt (Bosch, Panasonic, LG, Sharp, or equivalent brands) | 90 B/. (Mex$ 1,711) | Mex$ 2,017 | - 15% | |
| Laundry detergent (3 l. ~ 100 oz.) | 10 B/. (Mex$ 188) | Mex$ 110 | + 72% | |
| Hourly rate for cleaning help | 4.26 B/. (Mex$ 81) | Mex$ 79 | + 2% | |
| Clothes | + 35% | |||
| Clothes in Panama is 35% more expensive than in Mexico | ||||
| 1 pair of jeans (Levis 501 or similar) | 68 B/. (Mex$ 1,288) | Mex$ 838 | + 54% | |
| 1 summer dress in a High Street Store (Zara, H&M or similar retailers) | 48 B/. (Mex$ 918) | Mex$ 674 | + 36% | |
| 1 pair of sport shoes (Nike, Adidas, or equivalent brands) | 81 B/. (Mex$ 1,553) | Mex$ 1,525 | + 2% | |
| 1 pair of men’s leather business shoes | 98 B/. (Mex$ 1,877) | Mex$ 1,328 | + 41% | |
| 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 | 19,573 B/. (Mex$ 373,416) | Mex$ 318,271 | + 17% | |
| 1 liter (1/4 gallon) of gas | 0.77 B/. (Mex$ 15) | Mex$ 19 | - 23% | |
| Monthly ticket public transport | 42 B/. (Mex$ 799) | Mex$ 451 | + 77% | |
| Personal Care | + 109% | |||
| Personal Care in Panama is 109% more expensive than in Mexico | ||||
| Cold medicine for 6 days (Tylenol, Frenadol, Coldrex, or equivalent brands) | 6 B/. (Mex$ 119) | Mex$ 77 | + 55% | |
| 1 box of antibiotics (12 doses) | 33 B/. (Mex$ 624) | Mex$ 181 | + 244% | |
| Short visit to private Doctor (15 minutes) | 40 B/. (Mex$ 757) | Mex$ 545 | + 39% | |
| 1 box of 32 tampons (Tampax, OB, ...) | 11 B/. (Mex$ 201) | Mex$ 72 | + 179% | |
| Deodorant, roll-on (50ml ~ 1.5 oz.) | 5.48 B/. (Mex$ 105) | Mex$ 50 | + 109% | |
| Hair shampoo 2-in-1 (400 ml ~ 12 oz.) | 6.00 B/. (Mex$ 114) | Mex$ 55 | + 107% | |
| 4 rolls of toilet paper | 3.31 B/. (Mex$ 63) | Mex$ 28 | + 123% | |
| Tube of toothpaste | 2.41 B/. (Mex$ 46) | Mex$ 30 | + 51% | |
| Standard men's haircut in expat area of the city | 13 B/. (Mex$ 246) | Mex$ 127 | + 93% | |
| Entertainment | + 97% | |||
| Entertainment in Panama is 97% more expensive than in Mexico | ||||
| Basic dinner out for two in neighborhood pub | 48 B/. (Mex$ 915) | Mex$ 379 | + 142% | |
| 2 tickets to the movies | 12 B/. (Mex$ 221) | Mex$ 138 | + 61% | |
| 2 tickets to the theater (best available seats) | 125 B/. (Mex$ 2,383) | Mex$ 1,217 | + 96% | |
| Dinner for two at an Italian restaurant in the expat area including appetisers, main course, wine and dessert | 75 B/. (Mex$ 1,430) | Mex$ 750 | + 91% | |
| 1 cocktail drink in downtown club | 9 B/. (Mex$ 171) | Mex$ 103 | + 65% | |
| Cappuccino in expat area of the city | 4.06 B/. (Mex$ 77) | Mex$ 55 | + 42% | |
| 1 beer in neighbourhood pub (500ml or 1pt.) | 4.16 B/. (Mex$ 79) | Mex$ 45 | + 77% | |
| iPad Wi-Fi 128GB | 598 B/. (Mex$ 11,402) | Mex$ 10,363 | + 10% | |
| 1 min. of prepaid mobile tariff (no discounts or plans) | 0.50 B/. (Mex$ 10) | Mex$ 2.32 | + 311% | |
| 1 month of gym membership in business district | 54 B/. (Mex$ 1,039) | Mex$ 757 | + 37% | |
| 1 package of Marlboro cigarettes | 5.38 B/. (Mex$ 103) | Mex$ 52 | + 96% | |
| TOTAL | + 60% | |||
These prices were last updated on January 19, 2019.
Exchange rate:
19.078
MXN
/
PAB
This comparison is based on abundant and consistent data. It is based on 10,702 prices entered by 1,190 different people.
Cost of living in Panama is 60% more expensive than in Mexico
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