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Casco Viejo, Panama

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Life In Panama City's Old Town

Panama uses the U.S. dollar.

The Cost Of Living In Casco Viejo, Panama City, Panama

Panama uses the U.S. dollar.

Apartment Or House Ownership Budget (For A Couple)

ExpenseMonthly CostsNotes
MortgageNot included here as too variable.
HOA FeesUS$0.80 to US$3 per square meter.Highly variable.
Property Taxes1.75% to 2.1%
TransportationUS$102.80Highly variable:
Two gas refills a month: US$52.80 ($2.20 per gallon)
Insurance: $50 per month.
Gas (domestic)US$200All utilities combined: gas, electricity (with air conditioning), and water.
ElectricityIncluded in gas price.
WaterIncluded in gas price.
Cell PhoneUS$35Including 500 minutes, unlimited data, and flexible contract with Cable & Wireless.
InternetUS$60Including Wi-Fi, HD TV (173 channels), and landline with 200 minutes with Cable & Wireless.
Cable TVIncluded in internet price.
Household HelpUS$90Three 3-hour cleaner visits a week.
EntertainmentUS$538Eating out twice a week: US$392. Drinks twice a week: US$128. Movie theatre trip twice a month: US$18 (US$4.50 per ticket).
GroceriesUS$260Basic items for a couple, with shopping trips four times a month.
Gym MembershipUS$75
Medical AppointmentUS$30
TOTALUS$1,605.80HOA fees charged at US$2.15 a month for a 100-square-meter property. Property taxes not included.

Apartment Or House Rental Budget (For A Couple)

ExpenseMonthly CostsNotes
RentUS$1,800Two-bedroom apartment in neighborhood center.
TransportationUS$102.80Highly variable:
Two gas refills a month: US$52.80 ($2.20 per gallon)
Insurance: $50 per month.
GasUS$200All utilities combined: gas, electricity (with air conditioning), and water.
ElectricityIncluded in gas price.
WaterIncluded in gas price.
Cell PhoneUS$35Including 500 minutes, unlimited data, and flexible contract with Cable & Wireless.
InternetUS$60Including Wi-Fi, HD TV (173 channels), and landline with 200 minutes with Cable & Wireless.
Cable TVIncluded in internet price.
Household HelpUS$90Three 3-hour cleaner visits a week.
EntertainmentUS$538Eating out twice a week: US$392. Drinks twice a week: US$128. Movie theatre trip twice a month: US$18 (US$4.50 per ticket).
GroceriesUS$260Basic items for a couple, with shopping trips four times a month.
Gym MembershipUS$75
Medical AppointmentUS$30
TotalUS$3,190.80

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

ExpenseMonthly CostsNotes
RentUS$1,200One-bedroom apartment, fringe of neighborhood.
TransportationUS$75Using the metro, bus, and occasional taxis.
GasUS$150Includes all utilities: electricity (not using air conditioning often), gas, and water.
ElectricityIncluded in gas price.
WaterIncluded in gas price.
Cell PhoneUS$15Pay as you go.
Internet
Cable TV
EntertainmentUS$178Eating out twice a week at inexpensive restaurants (US$120), drinks twice a week (US$40, domestic beer only), movie theatre trip once a month (US$18, US$4.50 per ticket).
GroceriesUS$120Basic items for a couple, with shopping trips at discount stores twice a month.
TOTALUS$1,738

Map Of Casco Viejo

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​Learn more about ​​​PANAMA and other countries in our free, daily Overseas Opportunity Letter​​, as well as our ​In Focus: ​Panama ​newsletter​​​​​​. Simply enter your email address below and we’ll send you our FREE REPORT – ​​​Panama 101: 101 Things You'll Wish Someone Had Told You About Panama