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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)

Item Cost Notes
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 Cost Notes
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
Rent US$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

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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