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La Concepcion, Panama

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Trading The City´s Hustle And Bustle For Moments Of Serenity

La Concepción’s expat community is limited but growing as the popularity of the location becomes better known. The expats who do live here are scattered throughout the area, though most communicate frequently and enjoy keeping company.

People commonly head to and from town to stop by a friend’s house for lunch and to catch up on the goings-on of the world. Many expats share information and recommendations on places to visit and people to employ for various jobs or projects. Word of mouth is important here.

Things To Do, Places To Go

La Concepción offers a variety of activities. David is close enough to Panama City that many expats who reside in the capital take the time to visit such events as the Feria Internacional de David.

This popular event, held every March, features vendors from throughout Central America who come to sell arts and crafts. There is also the newly renovated Estadio Kenny Serracín, the home stadium for the Chiriquí baseball team.

Many residents of La Concepción also enjoy taking a day trip or even spending the night in the quiet environs of Volcán, just 40 minutes toward Cerro Punta.

The Cost Of Living In La Concepción, Panama

Panama uses the U.S. dollar.

Apartment Or House Ownership Budget (For A Couple)

ExpensesCostNotes
Mortgage -Not included here as too variable.
HOA Fees-
Property Taxes 0.06% On properties over US$120,000

Corporations are exempt. (Many gringos have corporations as part of their residency).
TransportationUS$50US$1.50 minimum for a taxi in town. Price goes up as distance increases.
Gas US$6Per tank for cooking.
Electricity US$100Per month average with air conditioning.
Water US$7
Cell PhoneUS$20International calls/2GB WhatsApp.
Internet US$40Depending on the location, it could go up to US$100.
Cable TV US$36
Household Help US$80One day-long visit per week, US$20 per visit.
Entertainment US$140Eating out twice a week at a nice, local restaurant and drinks twice a week at a nearby watering hole.
Groceries US$600Basic items for a couple.
Gym Membership -
Medical Appointment US$50For a checkup or clinic visit; basic checkup in a public hospital will range from US$6 to US$10.
TOTAL US$1,129Doesn’t include mortgage or property tax fees.

Apartment Or House Rental Budget (For A Couple)

ExpenseMonthly CostsNotes
RentUS$400In a desirable area, furnished, two-bedroom, comfortable apartment.
TransportationUS$50US$1.50 minimum for a taxi in town. Price goes up as distance increases.
GasUS$6Per tank for cooking.
Electricity US$100Per month average with air conditioning.
WaterUS$7
Cell PhoneUS$20International calls/2GB WhatsApp.

InternetUS$40Depending on the location, it could go up to US$100.
Cable TV US$36
Household Help US$80One day-long visit per week, US$20 per visit.
Entertainment US$140Eating out twice a week at a nice, local restaurant and drinks twice a week at a nearby watering hole.
Groceries US$600Basic items for a couple.
Gym Membership-
Medical AppointmentUS$50For a checkup or clinic visit; basic checkup in a public hospital will range from US$6 to US$10.
TOTAL
US$1,529

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

ExpenseMonthly CostsNotes
Rent US$200Cheapest part of town, most basic kind of rental.
TransportationUS$40US$1.50 minimum for a taxi in town. Price goes up as distance increases.
GasUS$3
Electricity US$20Without air conditioning.
Water US$7
Cell PhoneUS$6No plan. Just buying pre-paid cards when needed.
Internet US$22Basic internet.
Cable TV US$23Basic cable.
Entertainment US$40Eating out once a week at a local restaurant.
Groceries US$200
TOTALUS$561

Costs of car/motor bike ownership:

  • Vehicle insurance: $150 per year for older vehicle which most people have here. Closer to $600 for new cars. (You do not have to carry full insurance which would drop your yearly cost to about $300… but if you are financing a car you must have full coverage.)
  • Fuel: depends on your car usage. It can be anywhere from $10 a month in town to $100 for greater distances.
  • Maintenance: Drastically cheaper in Panama. For example, a new timing belt can be $100, fixing a window $15, and a new windshield $140.
  • Monthly payments: Most people buy a car outright.
  • Parking: N/A.

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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

Get Your Free ​P​anama Report Today!
 

​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