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Santa Fe

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The Quaint Mountain Community Of Santa Fe

Apartment Or House Ownership Budget (for a couple)

ItemCostNotes
MortgageN/ANot included here as too variable.
HOA FeesN/ANo condos or housing developments here.
Property TaxesN/A
TransportationUS$100
Fuel. Daily trips around town, and two trips to Santiago per month.
Gas (for cooking)US$525 lbs. (lasts 2 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$15 daily wage, about 3 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 theater trip twice a month (US$4.75 per ticket).
GroceriesUS$250Basic items for a couple.
Gym membershipN/AHiking is free here.
Medical appointmentUS$5Without insurance at a private clinic in Santiago.
TOTALUS$784.95

 

Apartment Or House Rental Budget

ItemCostNotes
RentUS$400In a desirable part of town, furnished, two-bedroom, comfortable apartment.
TransportationUS$100Fuel. Daily trips around town, and two trips to Santiago per month.
Gas (for cooking)US$525 lbs. (lasts 2 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$15 daily wage, about 3 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 theater trip twice a month (US$4.75 per ticket). This 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 theater trip twice a month (US$4.75 per ticket).
GroceriesUS$250Basic items for a couple.
Gym membershipN/AHiking is free here.
Medical appointmentUS$5Without insurance at a private clinic in Santiago.
TOTALUS$1,184.95

 

Penny-Pincher’s Budget (for a couple, bare minimum costs for all)

ItemCostNotes
RentUS$150Cheapest part of town (still desirable), most basic one-bedroom rental.
TransportationUS$20US$5 roundtrip by bus to Santiago, twice monthly.
Gas (for cooking)US$5 25 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$15
US$32.95
Pre-paid phone card. One month or 2G.
Home Wi-Fi.
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$534.95

 

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.

 

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.

Get Your Free ​​​Panama 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