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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)

ExpenseMonthly CostsNotes
Mortgage-Not included here as too variable.
HOA Fees-
Property TaxesUS$120For a home worth US$400,000 at 0.5% annually.
TransportationUS$170Car ownership: US$100 for fuel plus an average of US$60 per month for maintenance, tires, etc.
GasUS$2For cooking. A US$5 tank lasts about 3 months.
ElectricityUS$50With air conditioning in bedrooms.
WaterUS$5
Cell Phone-Bundled with internet.
InternetUS$40For local cell service and unlimited data.
Cable TVUS$20.99For a plan that offers 100 channels.
Household HelpUS$250US$15 for an 8-hour day, 3 times per week.
Entertainment US$489Eating 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.)
GroceriesUS$600Basic items, but also shopping in David twice a month.
Gym Membership-
Medical AppointmentUS$55US$3 to US$4 for a GP visit. US$50 for a specialist.
TOTALUS$1,801.99

Apartment Or House Rental Budget (For A Couple)

ExpenseMonthly CostsNotes
RentUS$1,500Two-bedroom, comfortable apartment in a desirable part of town.
TransportationUS$170Car ownership: US$100 for fuel plus an average of US$60 per month for maintenance, tires, etc.
GasUS$2For cooking. A US$5 tank lasts about 3 months.
ElectricityUS$50With air conditioning in bedrooms.
WaterUS$5
Cell Phone-Bundled with internet.
InternetUS$40For local cell service and unlimited data.
Cable TVUS$20.99For a plan that offers 100 channels.
Household HelpUS$250US$15 for an 8-hour day, 3 times per week.
EntertainmentUS$489Eating 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.)
GroceriesUS$600Basic items, but also shopping in David twice a month.
Gym Membership-
Medical AppointmentUS$55US$3 to US$4 for a GP visit. US$50 for a specialist.
TOTALUS$3,181.99

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

ExpenseMonthly CostsNotes
RentUS$700Basic one-bedroom rental in the cheapest part of town (still desirable).
TransportationUS$70Using taxis locally and the colectivo and bus to David.
GasUS$2For cooking: a US$5 tank lasts about 3 months.
ElectricityUS$35Just fans, no air conditioning.
WaterUS$5
Cell PhoneBundled with internet.
InternetUS$35Limited data.
Cable TVUS$15.74For a plan that offers 52 channels.
EntertainmentUS$140
GroceriesUS$450Shopping at local stores, buying seafood and fruits and vegetables from the trucks.
TOTALUS$1,452.74

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