Panama uses the U.S. dollar.
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. |
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 |
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 |
Average cost of a meal out per person: $10
© 2008-2021 - Live and Invest Overseas - All Rights Reserved.
© 2008-2021 - Live and Invest Overseas - All Rights Reserved.
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