Is Mexico City more expensive than Panama City?

Mexico City is 0.6% cheaper than Panama City overall. Rent is 6.6% lower, groceries 4.5% cheaper, and restaurants 13.5% more expensive.

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

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

Cost of Living Comparison · 2026

🇵🇦 Panama City vs 🇲🇽 Mexico City

2026

Mexico City is 0.6% cheaper

Category	🇵🇦 Panama City	🇲🇽 Mexico City	Difference
Cost of Living	47.2	46.9	-0.6%
Rent	28.7	26.8	-6.6%
Groceries	53.6	51.2	-4.5%
Restaurants	43.0	48.8	+13.5%
Purchasing Power	48.5	54.2	+11.8%

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 Panama City

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