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Casco Viejo, Panama

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Life In Panama City's Old Town

Panama uses the U.S. dollar.

Apartment or House Ownership Budget (for a couple)

ItemCostNotes
MortgageN/ANot included here as too variable.
HOA Fees0.80  to 3.50Highly variable.
Property Taxes1.75% to 2.1%
TransportationUS$102.80Highly variable:

Two gas refills a month: 52.8 (2.20 per gallon)

Insurance: 50 a month

UtilitiesUS$200Including electricity (including air conditioning), water, and gas..
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.
Gym MembershipUS$75
Household HelpUS$90Three 3-hour cleaner visits a week.
Entertainment (costs for a couple)US$538Eating out twice a week: 392.

Drinks twice a week: 128.

Movie theater trip twice a month: 18 (4.50 per ticket).

GroceriesUS$260Basic items for a couple, with shopping trips 4 times a month.
Medical appointmentUS$30
TOTAL$1,605.80HOA 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)

ItemCostNotes
RentUS$1,8002-bedroom apartment in neighborhood center
Transportation (car ownership)US$102.80Highly variable:

Two gas refills a month: 52.8 (2.20 per gallon)

Insurance: 50 a month.

UtilitiesUS$200Including electricity (including air conditioning), water, and gas.
Cell phone and InternetUS$95Including 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 HelpUS$90Three 3-hour cleaner visits a week.
Entertainment (costs for a couple)US$538Eating out twice a week: 392.

Drinks twice a week: 128.

Movie theater trip twice a month: 18 (4.50 per ticket).

GroceriesUS$260Basic items for a couple, with shopping trips 4 times a month.
Gym membershipUS$75
Medical appointmentUS$30
TotalUS$3,190.80

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

ItemCostNotes
RentUS$1,2001-Bedroom; fringe of neighborhood
Transportation (bus, taxi, etc.)US$75Using the metro, busses, and occasional taxis.
UtilitiesUS$150Including electricity (not using air conditioning much), water, and gas.
Cell phoneUS$15Pay as you go.
Internet
Cable TVIncluded with telephone.
Entertainment (costs for a couple).US$178Eating 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).

GroceriesUS$120Basic items for a couple, with shopping trips at discount stores 2 times a month.
Gym membership
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
 

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
 

“Top 5 Property Market For U.S. Dollar Holder”

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