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Casco Viejo, Panama

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Reviewed by Kathleen Peddicord

Kathleen is the Live and Invest Overseas Founding Publisher. She has more than 30 years of hands-on experience traveling, living, and buying property around the world.


Life In Panama City's Old Town

Casco Viejo Clock Tower
Adobe Stock/Sebastian

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) In Casco Viejo, Panama

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$65Including 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 For Casco Viejo (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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The Best Places To Retire In 2023

New Year, New You, New Life Overseas

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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