Panama uses the U.S. dollar.
Expense | Monthly Costs | Notes |
---|---|---|
Mortgage | – | Not included here as too variable. |
HOA Fees | – | No condos or housing developments here. |
Property Taxes | – | |
Transportation | US$100 | Fuel. Daily trips around town, and two trips to Santiago per month. |
Gas | US$5 | 25 lbs. (lasts two months or more). |
Electricity | US$50 | Air conditioner in bedrooms and TV. |
Water | US$2 | Unlimited (IDAAN in town). |
Cell Phone | US$40 | Unlimited minutes, unlimited data. |
Internet | US$32.95 | Wi-Fi only. |
Cable TV | US$80 | With all the bells and whistles. |
Household Help | US$120 | US$10 to US$20 daily wage, about three times a week. |
Entertainment | US$100 | 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 theatre trip twice a month (US$4.75 per ticket). |
Groceries | US$250 | Basic items for a couple. |
Gym Membership | – | Hiking is free here. |
Medical Appointment | US$5 | Without insurance at a private clinic in Santiago. |
TOTAL | US$784.95 | Doesn’t include mortgage fee. |
Expense | Monthly Costs | Notes |
---|---|---|
Rent | US$400 | In a desirable area, furnished, two-bedroom, comfortable apartment. |
Transportation | US$100 | Fuel. Daily trips around town, and two trips to Santiago per month. |
Gas | US$5 | 25 lbs. (lasts two months or more). |
Electricity | US$50 | Air conditioner in bedrooms and TV. |
Water | US$2 | Unlimited (IDAAN in town). |
Cell Phone | US$40 | Unlimited minutes, unlimited data. |
Internet | US$32.95 | Wi-Fi only. |
Cable TV | US$80 | With all the bells and whistles. |
Household Help | US$120 | US$10 to US$20 daily wage, about three times a week. |
Entertainment | US$100 | 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 theatre trip twice a month (US$4.75 per ticket). |
Groceries | US$250 | Basic items for a couple. |
Gym Membership | – | Hiking here is free. |
Medical Appointment | US$5 | Without insurance at a private clinic in Santiago. |
TOTAL | US$1,184.95 |
Expense | Monthly Costs | Notes |
---|---|---|
Rent | US$150 | Cheapest part of town (still desirable), most basic one-bedroom rental. |
Transportation | US$20 | US$5 roundtrip by bus to Santiago, twice monthly. |
Gas | US$5 | 25 lbs. (lasts 2 months or more). |
Electricity | US$20 | TV, fridge, and fans. No air conditioner. |
Water | US$2 | Unlimited (IDAAN in town). |
Cell Phone | US$14 | Local minutes. No data. |
Internet | US$15 | Pre-paid phone card. One month or 2G. Home Wi-Fi costs about US$32.95. |
Cable TV | US$26 | Basic (4 or 5 English channels). |
Entertainment | US$50 | Two lunches and two dinners at cheap local places. |
Groceries | US$200 | All local-brand items only. Shopping markets and local vendors along with grocery stores. |
TOTAL | US$502 |
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:
© 2008-2023 - Live and Invest Overseas - All Rights Reserved.
© 2008-2023 - Live and Invest Overseas - All Rights Reserved.
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