Cost of living comparison
Mexico is 18.5% cheaper than Panama.
If you lived in Mexico instead of Panama, you would:
pay 15.0% less for restaurants
|
Panama
|
Mexico
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$8.45
PAB8.45
|
$8.83
MX$179.64
|
|
|
Fast food combo meal
McDonalds, or similar
|
$7.90
PAB7.90
|
$7.25
MX$147.55
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$1.54
PAB1.54
|
$1.11
MX$22.55
|
|
| Bottle of water (11 fl. oz) |
$1.17
PAB1.17
|
$0.84
MX$17.00
|
|
pay 23.6% less for groceries
|
Panama
|
Mexico
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$2.19
PAB2.19
|
$2.35
MX$47.88
|
|
| Local cheese (8 oz) |
$5.66
PAB5.66
|
$3.62
MX$73.68
|
|
| Milk (1 gallon) |
$6.43
PAB6.43
|
$5.17
MX$105.27
|
|
|
Eggs
1 dozen
|
$2.53
PAB2.53
|
$2.18
MX$44.35
|
|
| Boneless chicken breast (1 lb) |
$3.54
PAB3.54
|
$3.12
MX$63.57
|
|
| Apples (1 lb) |
$2.12
PAB2.12
|
$1.08
MX$22.03
|
|
| Bananas (1 lb) |
$0.61
PAB0.61
|
$0.57
MX$11.54
|
|
| Oranges (1 lb) |
$1.29
PAB1.29
|
$0.71
MX$14.38
|
|
| Tomatoes (1 lb) |
$1.16
PAB1.16
|
$0.70
MX$14.21
|
|
| Potatoes (1 lb) |
$0.98
PAB0.98
|
$0.81
MX$16.41
|
|
| Onions (1 lb) |
$1.01
PAB1.01
|
$0.73
MX$14.94
|
|
pay 4.8% more for transportation
|
Panama
|
Mexico
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$3.92
PAB3.92
|
$4.48
MX$91.15
|
|
| Monthly public transit pass |
$25.00
PAB25.00
|
$26.30
MX$535.11
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$18,916.67
PAB18,916.67
|
$19,957.31
MX$406,034.38
|
|
| Taxi trip in downtown area (5 miles) |
$16.61
PAB16.61
|
$15.63
MX$317.93
|
|
pay 37.6% less for housing
|
Panama
|
Mexico
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$47.61
PAB47.61
|
$26.71
MX$543.47
|
|
| 1-Bedroom apartment in downtown area |
$747.76
PAB747.76
|
$486.26
MX$9,893.09
|
|
| 1-Bedroom apartment outside city center |
$567.84
PAB567.84
|
$362.30
MX$7,371.00
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$69.20
PAB69.20
|
$44.69
MX$909.18
|
|
pay 34.2% less for childcare
|
Panama
|
Mexico
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$302.08
PAB302.08
|
$205.12
MX$4,173.13
|
|
| Middle school for 1 child, two semesters |
$6,548.17
PAB6,548.17
|
$4,165.20
MX$84,741.61
|
|
pay 18.8% less for entertainment and sports
|
Panama
|
Mexico
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$1.95
PAB1.95
|
$2.16
MX$43.88
|
|
| Cappuccino in mid-range area |
$3.39
PAB3.39
|
$2.84
MX$57.77
|
|
|
Pack of cigarettes
Marlboro or similar
|
$5.38
PAB5.38
|
$3.78
MX$76.98
|
|
| Monthly membership at local gym |
$57.20
PAB57.20
|
$33.67
MX$684.95
|
|
| Movie ticket to theater/cinema |
$5.33
PAB5.33
|
$4.39
MX$89.32
|
|
pay 5.4% less for clothing
|
Panama
|
Mexico
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$47.41
PAB47.41
|
$45.84
MX$932.65
|
|
|
Regular dress
from H&M or similar store
|
$34.81
PAB34.81
|
$36.33
MX$739.12
|
|
|
Running shoes
Nike or Adidas
|
$81.21
PAB81.21
|
$82.04
MX$1,669.11
|
|
| Men's business shoes (leather) |
$100.42
PAB100.42
|
$76.65
MX$1,559.39
|
|
Change currency:
ASK THE ELSEWHERE COMMUNITY
Join the Elsewhere community and ask a question about Mexico or Panama. It's a free, question-and-answer based forum to discuss what life is like in countries and cities around the world.