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Santa Fe

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The Quaint Mountain Community Of Santa Fe

The Cost Of Living In Santa Fe, Panama

Panama uses the U.S. dollar.

Apartment Or House Ownership Budget (For A Couple)

ExpenseMonthly CostsNotes
MortgageNot included here as too variable.
HOA FeesNo condos or housing developments here.
Property Taxes
TransportationUS$100Fuel. Daily trips around town, and two trips to Santiago per month.
GasUS$525 lbs. (lasts two months or more).
ElectricityUS$50Air conditioner in bedrooms and TV.
WaterUS$2Unlimited (IDAAN in town).
Cell PhoneUS$40Unlimited minutes, unlimited data.
InternetUS$32.95Wi-Fi only.
Cable TVUS$80With all the bells and whistles.
Household HelpUS$120US$10 to US$20 daily wage, about three times a week.
EntertainmentUS$100This includes the couples’ cost for eating out twice a week at a mid-range, local restaurant (US$8.50 per plate); local drinks twice a week at a nearby watering hole (US$1 national beer/US$3.50 glass of wine); movie theatre trip twice a month (US$4.75 per ticket).
GroceriesUS$250Basic items for a couple.
Gym MembershipHiking is free here.
Medical AppointmentUS$5Without insurance at a private clinic in Santiago.
TOTALUS$784.95Doesn’t include mortgage fee.

Apartment Or House Rental Budget (For A Couple)

ExpenseMonthly CostsNotes
RentUS$400In a desirable area, furnished, two-bedroom, comfortable apartment.
TransportationUS$100Fuel. Daily trips around town, and two trips to Santiago per month.
GasUS$525 lbs. (lasts two months or more).
ElectricityUS$50Air conditioner in bedrooms and TV.
WaterUS$2Unlimited (IDAAN in town).
Cell PhoneUS$40Unlimited minutes, unlimited data.
InternetUS$32.95Wi-Fi only.
Cable TVUS$80With all the bells and whistles.
Household HelpUS$120US$10 to US$20 daily wage, about three times a week.
EntertainmentUS$100This includes the couples’ cost for eating out twice a week at a mid-range, local restaurant (US$8.50 per plate); local drinks twice a week at a nearby watering hole (US$1 national beer/US$3.50 glass of wine); movie theatre trip twice a month (US$4.75 per ticket).
GroceriesUS$250Basic items for a couple.
Gym MembershipHiking here is free.
Medical AppointmentUS$5Without insurance at a private clinic in Santiago.
TOTALUS$1,184.95

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

ExpenseMonthly CostsNotes
RentUS$150Cheapest part of town (still desirable), most basic one-bedroom rental.
TransportationUS$20US$5 roundtrip by bus to Santiago, twice monthly.
GasUS$525 lbs. (lasts 2 months or more).
ElectricityUS$20TV, fridge, and fans. No air conditioner.
WaterUS$2Unlimited (IDAAN in town).
Cell PhoneUS$14Local minutes. No data.
InternetUS$15Pre-paid phone card. One month or 2G. Home Wi-Fi costs about US$32.95.
Cable TVUS$26Basic (4 or 5 English channels).
EntertainmentUS$50Two lunches and two dinners at cheap local places.
GroceriesUS$200All local-brand items only. Shopping markets and local vendors along with grocery stores.
TOTALUS$502

Eating out:

Average cost of drink and a sandwich/burger:

A beer: In a local bar 50 cents. In a local restaurant US$1. High end restaurant US$2.50.

Rum & Coke (or other local drink): US$4.

A coffee: US$1.

A sandwich (or equivalent): Burger at Café Dorado is US$5.

Average cost of a meal out per person:

Lunch: US$3.50 typical plate.

Dinner: US$8.

Car/Motor Bike Ownership

If you are able to give costs of car/motor bike ownership please add here:

  • Vehicle insurance (car): Full coverage, US$60 per month.
  • Fuel: US$100.
  • Upkeep: Oil changes and cumulative for tires US$500 per year.
  • Monthly payments US$250.
  • Parking: 0.

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