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Boca Chica, Panama

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Boca Chica, Panama

The Cost Of Living In Boca Chica, Panama

Apartment Or House Ownership Budget (For A Couple)

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Expense Monthly Costs Notes
Mortgage Not included here as too variable.
HOA Fees
Property Taxes US$120 For a home worth US$400,000 at 0.5% annually.
Transportation US$170 Car ownership: US$100 for fuel plus an average of US$60 per month for maintenance, tires, etc.
Gas US$2 For cooking. A US$5 tank lasts about 3 months.
Electricity US$50 With air conditioning in bedrooms.
Water US$5
Cell Phone Bundled with internet.
Internet US$40 For local cell service and unlimited data.
Cable TV US$20.99 For a plan that offers 100 channels.
Household Help US$250 US$15 for an 8-hour day, 3 times per week.
Entertainment US$489 Eating out twice a week at a mid-range, local restaurant: US$70.

Local drinks twice a week at a nearby watering hole: US$50.

Movie theater trip twice a month: US$9. (Ticket price for a senior: US$2.25; regular ticket price: US$4.509; snacks: US$6.)

Groceries US$600 Basic items, but also shopping in David twice a month.
Gym Membership
Medical Appointment US$55 US$3 to US$4 for a GP visit. US$50 for a specialist.
TOTAL US$1,801.99

Apartment Or House Rental Budget (For A Couple)

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Expense Monthly Costs Notes
Rent US$1,500 Two-bedroom, comfortable apartment in a desirable part of town.
Transportation US$170 Car ownership: US$100 for fuel plus an average of US$60 per month for maintenance, tires, etc.
Gas US$2 For cooking. A US$5 tank lasts about 3 months.
Electricity US$50 With air conditioning in bedrooms.
Water US$5
Cell Phone Bundled with internet.
Internet US$40 For local cell service and unlimited data.
Cable TV US$20.99 For a plan that offers 100 channels.
Household Help US$250 US$15 for an 8-hour day, 3 times per week.
Entertainment US$489 Eating out twice a week at a mid-range, local restaurant: US$70.

Local drinks twice a week at a nearby watering hole: US$50.

Movie theater trip twice a month: US$9. (Ticket price for a senior: US$2.25; regular ticket price: US$4.509; snacks: US$6.)

Groceries US$600 Basic items, but also shopping in David twice a month.
Gym Membership
Medical Appointment US$55 US$3 to US$4 for a GP visit. US$50 for a specialist.
TOTAL US$3,181.99

Penny-Pincher’s Budget (Bare Minimum Costs, For A Couple)

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Expense Monthly Costs Notes
Rent US$700 Basic one-bedroom rental in the cheapest part of town (still desirable).
Transportation US$70 Using taxis locally and the colectivo and bus to David.
Gas US$2 For cooking: a US$5 tank lasts about 3 months.
Electricity US$35 Just fans, no air conditioning.
Water US$5
Cell Phone Bundled with internet.
Internet US$35 Limited data.
Cable TV US$15.74 For a plan that offers 52 channels.
Entertainment US$140
Groceries US$450 Shopping at local stores, buying seafood and fruits and vegetables from the trucks.
TOTAL US$1,452.74

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