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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)

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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.

Apartment Or House Rental Budget (For A Couple)

Edit
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

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

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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

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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