The Cost Of Living In David, Panama
Panama uses the U.S. dollar.
Apartment Or House Ownership Budget (For A Couple)
| 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)
| 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)
| 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
