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David, Panama

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David, Panama: Retiring, Cost of Living and Lifestyle

The Cost Of Living In David, Panama

Panama uses the U.S. dollar.

Apartment Or House Ownership Budget (For A Couple)

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Expense Monthly Cost Notes
Mortgage Not included here as too variable.
HOA Fees
Property Taxes
Transportation US$20 Community bus and occasional taxi.
Gas US$8 Per tank.
Electricity US$40 Average without air conditioning.
Water US$15
Cell Phone US$35 Using Tigo prepaid minutes.
Internet US$55 Includes Cable TV and a landline.
Cable TV Bundled with internet.
Household Help US$40 Cleaning once every two weeks.
Entertainment US$180 Eating out twice a week at a mid-range, local restaurant; drinks twice a week at a nearby watering hole; movie theatre trip twice a month.
Groceries US$400 Basic items for a couple. This includes beer, wine, and some imported organic foods.
Gym Membership
Medical Appointment US$15 Basic checkup in a public hospital.
TOTAL US$808 Mortgage fee not included.

Apartment Or House Rental Budget (For A Couple)

Edit
Expense Monthly Costs Notes
Rent US$600 In a desirable part of town, furnished, two-bedroom, comfortable apartment.
Transportation US$20 Community bus and occasional taxi.
Gas US$8 Per tank.
Electricity US$40 Average without air conditioning.
Water Included in rent.
Cell Phone US$35 Using Tigo prepaid minutes.
Internet US$55 Includes Cable TV and a landline.
Cable TV Bundled with internet.
Household Help US$40 Cleaning once every two weeks.
Entertainment US$180 Eating out twice a week at a mid-range, local restaurant; drinks twice a week at a nearby watering hole; movie theatre trip twice a month.
Groceries US$400 Basic items for a couple. This includes wine, beer, and some organic foods.
Gym Membership
Medical Appointment US$25 Basic checkup in a public hospital.
TOTAL US$1,403

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

Edit
Expense Monthly Costs Notes
Rent US$400 Cheapest part of town (still desirable), most basic one-bedroom rental.
Transportation US$10 Cheapest forms of public transport; assuming a bit less movement.
Gas US$8 Per tank.
Electricity US$30 Without air conditioning.
Water Included in rent.
Cell Phone US$20 Cheapest option available.
Internet US$48 Basic internet.
Cable TV Bundled with internet.
Entertainment US$40 Eating out once a week at a local restaurant.
Groceries US$300 All local-brand items only, shopping markets and local vendors along with grocery stores.
TOTAL US$856

Eating Out:

  • A beer: $2 to $6
  • Rum & Coke (or other local drink): about $5
  • A coffee: $2
  • A sandwich (or equivalent): $5

Average cost of a meal out per person: $10

Cost Of Car/Motor Bike Ownership:

  • Vehicle insurance: $400 per year.
  • Fuel: Depends on your car usage. It can be anywhere from $20 a month in town to $100 for greater distances.
  • Upkeep: $200 to $300 per year, depending on condition of vehicle.
  • Monthly payments: N/A
  • Parking: N/A

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