Is Panama City more expensive than Mexico City?

Panama City is 0.0% cheaper than Mexico City overall. Rent is 0.0% lower, groceries 1.7% more expensive, and restaurants 8.2% cheaper.

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

Mexico City has a purchasing power index of 49.5 while Panama City has 43.3 (NYC = 100). Mexico City offers better purchasing power.

Cost of Living Comparison · 2026

🇲🇽 Mexico City vs 🇵🇦 Panama City

2026

Panama City is 0.0% cheaper

Category	🇲🇽 Mexico City	🇵🇦 Panama City	Difference
Cost of Living	49.3	49.3	0.0%
Rent	27.0	27.0	0.0%
Groceries	57.8	58.8	+1.7%
Restaurants	48.6	44.6	-8.2%
Purchasing Power	49.5	43.3	-12.5%

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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