Is Panama City more expensive than Monterrey?

Panama City is 4.1% more expensive than Monterrey overall. Rent is 22.5% higher, groceries 11.3% more expensive, and restaurants 12.4% cheaper.

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

Monterrey has a purchasing power index of 60.8 while Panama City has 44.9 (NYC = 100). Monterrey offers better purchasing power.

Monterrey vs Panama City: Panama City is 4.1% more expensive, rent 23% higher (2026)

Category	🇲🇽 Monterrey	🇵🇦 Panama City	Difference
Cost of Living	36.3	37.8	+4.1%
Rent	22.2	27.2	+22.5%
Groceries	53.0	59.0	+11.3%
Restaurants	53.1	46.5	-12.4%
Purchasing Power	60.8	44.9	-26.2%

Data from March – October 2026 · Cost of living: Numbeo, blended with Expatistan and LivingCost where available. Rent, groceries, restaurants and purchasing power: Numbeo (NYC = 100) · Indices reflect relative costs; absolute prices vary by neighbourhood.

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🇲🇽 Cost of Living in Monterrey

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🇵🇦 Cost of Living in Panama City

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🇲🇽 Should I Move to Monterrey?

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