FREE REPORT
BEST PLACES TO RETIRE
*No spam: We will NEVER give your email address to anyone else.

David, Panama

Get Your Free Panama Report Today!


Learn more about PANAMA and other countries in our free, daily Overseas Opportunity Letter. 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

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)

ExpenseMonthly CostNotes
MortgageUS$0Most homes in the area are affordable and can be paid for at closing.
HOA FeesUS$0Planned communities aren’t common in the area but there are some start-ups.
Property TaxesHighly variable.

Property tax rate is only 0.5% for property values from US$120,001 to US$250,000, while properties with values of US$250,001 and above pay a rate of 0.7%.

TransportationUS$60Monthly gas for a private car.
GasUS$6A tank of cooking gas will generally last longer than 1 month.
ElectricityUS$100Using A/C at night.
WaterUS$4.50If you’re over 65 your bill is reduced.
Cell PhoneUS$5 and upYou can purchase calling cards, there’s no need for a set plan.
InternetUS$741,000 Mbps, 2 Cable boxes.
Cable TVBundled with internet. English channels included.
Household HelpUS$120US$15 a day twice a week.
EntertainmentUS$472Eating out twice a week at a mid-range, local restaurant: US$100.
Local drinks twice a week at a nearby watering hole: US$15.
Movie theater trip twice a month: US$12 (US$3 per ticket for retirees).
GroceriesUS$400Depends on how many imported goods you buy.
Gym MembershipUS$50
Medical AppointmentUS$10For a private consult at a local clinic.
TOTALUS$1,301

Apartment Or House Rental Budget (For A Couple)

ExpenseMonthly CostsNotes
RentUS$1,000There’s a wide range of rental properties in the area.
TransportationUS$60Monthly gas for a private car.
GasUS$6A tank of cooking gas will generally last longer than 1 month.
ElectricityUS$100Using A/C at night.
WaterUS$4.50If you’re over 65 your bill is reduced.
Cell PhoneUS$5 and upYou can purchase calling cards, there’s no need for a set plan.
InternetUS$741,000 Mbps, 2 Cable boxes.
Cable TVBundled with internet. English channels included.
Household HelpUS$120US$15 a day twice a week.
EntertainmentUS$472Eating out twice a week at a mid-range, local restaurant: US$1000.
Local drinks twice a week at a nearby watering hole: US$15.
Movie theatre trip twice a month: US$12 (US$3 per ticket for retirees).
GroceriesUS$400Depends on how many imported goods you buy.
Gym MembershipUS$50
Medical AppointmentUS$10For a private consult at a local clinic.
TOTALUS$2,301

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

ExpenseMonthly CostsNotes
RentUS$500Cheaper options are available but require on-the-ground research and negotiations.
TransportationUS$20Most of the city is walkable, but you’d want to get a taxi for further trips or large purchases.
GasUS$6A tank of cooking gas will generally last longer than 1 month.
ElectricityUS$20Only using fans. A/C will increase bill significantly.
WaterUS$4.50If you’re over 65 your bill is reduced.
Cell PhoneUS$5You can purchase calling cards, there’s no need for a set plan.
InternetUS$22Basic plan.
Cable TVUS$20Basic plan.
EntertainmentUS$60Eating out twice a week at a local fonda: US$15 (US$7.50 per meal for two people).
GroceriesUS$200All local-brand items only, shopping at markets and grocery stores.
TOTALUS$857

Get Your Free Panama Report Today!


Learn more about PANAMA and other countries in our free, daily Overseas Opportunity Letter. 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

The World’s Best Places To Be In 2023?

Discover Them Here…