Is Mexico City more expensive than Panama City?

Mexico City is 0.0% cheaper than Panama City overall. Rent is 0.0% lower, groceries 1.7% cheaper, and restaurants 9.0% more expensive.

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

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

Cost of Living Comparison · 2026

🇵🇦 Panama City vs 🇲🇽 Mexico City

2026

Mexico City is 0.0% cheaper

Category	🇵🇦 Panama City	🇲🇽 Mexico City	Difference
Cost of Living	49.3	49.3	0.0%
Rent	27.0	27.0	0.0%
Groceries	58.8	57.8	-1.7%
Restaurants	44.6	48.6	+9.0%
Purchasing Power	43.3	49.5	+14.3%

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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