FREE REPORT
BEST PLACES TO RETIRE
*No spam: We will NEVER give your email address to anyone else.

Casco Viejo, Panama

Get Your Free Panama Report Today!


Learn more about PANAMA and other countries in our free, daily Overseas Opportunity Letter. 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

Life In Panama City's Old Town

Panama uses the U.S. dollar.

Apartment or House Ownership Budget (for a couple)

ItemCostNotes
Mortgage N/A Not included here as too variable.
HOA Fees 0.80 to 3.50 Highly variable.
Property Taxes 1.75% to 2.1%
Transportation US$102.80 Highly variable:
Two gas refills a month: 52.8 (2.20 per gallon)
Insurance: 50 a month


Utilities US$200 Including electricity (including air conditioning), water, and gas..

Cell Phone US$35 Including 500 minutes, unlimited data, and flexible contract with Cable & Wireless.
Internet US$60 Including Wi-Fi, HD TV (173 channels), and landline with 200 minutes with Cable & Wireless.
Cable TV -Included in internet price.
Gym Membership US$75
Household Help US$90 Three 3-hour cleaner visits a week.
Entertainment (costs for a couple) US$538 Eating out twice a week: 392.
Drinks twice a week: 128.
Movie theater trip twice a month: 18 (4.50 per ticket).


Groceries US$260 Basic items for a couple, with shopping trips 4 times a month.
Medical appointment US$30
TOTAL $1,605.80 HOA fees charged at 2.15 a month for a 100-square-meter property. Property taxes not included.

Apartment or House Rental Budget (for a couple)

Item CostNotes
Rent US$1,800 2-bedroom apartment in neighborhood center
Transportation (car ownership) US$102.80 Highly variable:
Two gas refills a month: 52.8 (2.20 per gallon)
Insurance: 50 a month.



Utilities US$200 Including electricity (including air conditioning), water, and gas.
Cell phone and Internet US$95 Including 500 minutes, unlimited data, and flexible contract with Cable & Wireless for cell. Internet includes Wi-Fi, HD TV (173 channels), and landline with 200 minutes with Cable & Wireless.
Household Help US$90 Three 3-hour cleaner visits a week.
Entertainment (costs for a couple) US$538 Eating out twice a week: 392.
Drinks twice a week: 128.
Movie theater trip twice a month: 18 (4.50 per ticket).


Groceries US$260 Basic items for a couple, with shopping trips 4 times a month.
Gym membership US$75
Medical appointment US$30
Total US$3,190.80

Penny-Pincher’s Budget (for a couple, bare minimum costs for all)

Item Cost Notes
RentUS$1,200 1-Bedroom; fringe of neighborhood
Transportation (bus, taxi, etc.) US$75 Using the metro, busses, and occasional taxis.
Utilities US$150 Including electricity (not using air conditioning much), water, and gas.
Cell phone US$15 Pay as you go.
Internet -
Cable TV -Included with telephone.
Entertainment (costs for a couple). US$178 Eating out twice a week: 120 (inexpensive restaurants).
Drinks twice a week: 40 (domestic beer only).
Movie theater trip once a month: 18 (4.50 per ticket).


Groceries US$120 Basic items for a couple, with shopping trips at discount stores 2 times a month.
Gym membership -
Total US$1,738

 

Map Of Casco Viejo

Get Your Free Panama Report Today!


Learn more about PANAMA and other countries in our free, daily Overseas Opportunity Letter. 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

Get Your Free ​P​anama Report Today!
 

​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