Is Panama City more expensive than Mexico City?

Panama City is 0.6% more expensive than Mexico City overall. Rent is 7.1% higher, groceries 4.7% more expensive, and restaurants 11.9% cheaper.

Which city has better purchasing power, Mexico City or Panama City?

Mexico City has a purchasing power index of 54.2 while Panama City has 48.5 (NYC = 100). Mexico City offers better purchasing power.

Cost of Living Comparison · 2026

🇲🇽 Mexico City vs 🇵🇦 Panama City

2026

Panama City is 0.6% more expensive

Category	🇲🇽 Mexico City	🇵🇦 Panama City	Difference
Cost of Living	46.9	47.2	+0.6%
Rent	26.8	28.7	+7.1%
Groceries	51.2	53.6	+4.7%
Restaurants	48.8	43.0	-11.9%
Purchasing Power	54.2	48.5	-10.5%

Data verified Q1 2026 · Source: Numbeo cost-of-living indices (NYC = 100 baseline) · Indices reflect relative costs; absolute prices vary by neighbourhood.

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🇲🇽 Cost of Living in Mexico City

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