Panama is 72.2% more expensive than Mexico.

If you lived in Panama instead of Mexico, you would:

pay 74.6% more for restaurants

 
Mexico
Panama
Basic meal with drink at inexpensive restaurant $5.28
MX$93.40
$8.05
PAB8.05
Fast food combo meal
McDonalds, or similar
$5.01
MX$88.72
$7.25
PAB7.25
Bottle of Coca-Cola (11 fl. oz) $0.82
MX$14.46
$1.55
PAB1.55

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pay 64.9% more for groceries

 
Mexico
Panama
Bread
1 loaf
$1.59
MX$28.12
$2.00
PAB2.00
Local cheese (8 oz) $2.81
MX$49.71
$4.22
PAB4.22
Milk (1 gallon) $3.66
MX$64.74
$5.83
PAB5.83

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pay 41.1% more for transportation

 
Mexico
Panama
Gasoline (1 gallon) $3.70
MX$65.49
$3.24
PAB3.24
Monthly public transit pass $21.20
MX$375.26
$27.64
PAB27.64
New Volkswagen Golf 1.4 (standard edition) $16,024.90
MX$283,661.56
$19,000.00
PAB19,000.00

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pay 2.2 times more for housing

 
Mexico
Panama
Internet connection
50 mbps or faster, cable/dsl
$25.56
MX$452.50
$48.79
PAB48.79
1-Bedroom apartment in downtown area $311.33
MX$5,510.99
$705.36
PAB705.36
1-Bedroom apartment outside city center $216.21
MX$3,827.14
$419.09
PAB419.09

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pay 2.4 times more for childcare

 
Mexico
Panama
Private preschool for 1 child, monthly $150.84
MX$2,669.99
$383.04
PAB383.04
Middle school for 1 child, two semesters $3,135.05
MX$55,494.40
$7,365.69
PAB7,365.69

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pay 37.2% more for entertainment and sports

 
Mexico
Panama
Domestic/local beer (1 pint) $1.45
MX$25.58
$1.80
PAB1.80
Cappuccino in mid-range area $2.12
MX$37.56
$2.71
PAB2.71
Pack of cigarettes
Marlboro or similar
$2.82
MX$49.96
$5.37
PAB5.37

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pay 25.5% more for clothing

 
Mexico
Panama
Regular jeans
Levi's brand
$38.84
MX$687.51
$44.29
PAB44.29
Regular dress
from H&M or similar store
$29.61
MX$524.18
$42.18
PAB42.18
Running shoes
Nike or Adidas
$66.06
MX$1,169.33
$70.70
PAB70.70

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The statistics used to build this comparison are calculated using data from users just like you. We average the price of thousands of data points entered by users across the world. Learn more about our data sources. Page last updated: May 2022
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