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Tierras Altas, Panama

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Tierras Altas, Panama: An Expat Haven In Panama's Highlands

The Cost Of Living In Tierras Altas

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 Not included here as too variable.
Property Taxes US$108 0.5% annually on a home worth US$260,000.
Transportation US$170 For car ownership: US$100 for fuel; US$70 for maintenance, tires, etc.
Gas US$2 For cooking: a US$5 tank lasts about 3 months.
Electricity US$50 With air conditioning in bedrooms.
Water US$7
Cell Phone US$20 For a Tigo plan with 7.5 GB LTE and 200 local minutes.
Internet US$55 For a Tigo plan with 100 Mbps fiberoptic, 100 Mbps download, and 10 Mbps upload.
Cable TV 222 channels bundled with internet.
Household Help US$250 US$15 for an 8-hour day, about 4 times per week.
Entertainment US$345 Eating out twice a week at a mid-range, local restaurant: US$64.

Local drinks twice a week at a nearby watering hole: US$20 (US$1.50 for a national beer; US$4.50 for a craft beer; US$18 for a bottle of wine).

Movie theatre trip twice a month: US$9 (Tickets US$2.25 each for seniors).

Groceries US$600 Mostly shopping in Volcán and David once a month.
Gym Membership
Medical Appointment US$54 US$3 to US$4 for a GP visit; US$50 for a specialist.
TOTAL US$1,661 Excluding mortgage and HOA fees.

Apartment Or House Rental Budget (For A Couple)

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Expense Monthly Costs Notes
Rent US$1,500 In a desirable part of town, two-bedroom, comfortable apartment, 70 to 100 square meters.
Transportation US$170 For car ownership: US$100 for fuel; US$70 for maintenance, tires, etc.
Gas US$2 For cooking: a US$5 tank lasts about 3 months.
Electricity US$50 With air conditioning in bedrooms.
Water US$7
Cell Phone US$20 For a Tigo plan with 7.5 GB LTE and 200 local minutes.
Internet US$55 For a Tigo plan with 100 Mbps fiberoptic, 100 Mbps download, and 10 Mbps upload.
Cable TV 222 channels bundled with internet.
Household Help US$250 US$15 for an 8-hour day, about 4 times per week.
Entertainment US$345 Eating out twice a week at a mid-range, local restaurant: US$64.

Local drinks twice a week at a nearby watering hole: US$20 (US$1.50 for a national beer; US$4.50 for a craft beer; US$18 for a bottle of wine).

Movie theatre trip twice a month: US$9 (Tickets US$2.25 each for seniors).

Groceries US$600 Mostly shopping in Volcán and David once a month.
Gym Membership
Medical Appointment US$54 US$3 to US$4 for a GP visit; US$50 for a specialist.
TOTAL US$3,053

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

Edit
Expense Monthly Costs Notes
Rent US$500 Apartment in downtown Volcán.
Transportation US$70 Using taxis locally and the colectivo/bus to David.
Gas US$2 For cooking: a US$5 tank lasts about 3 months.
Electricity US$35 No air conditioning, just fans.
Water US$5
Cell Phone US$20 For a Tigo plan with 7.5 GB LTE and 200 local minutes.
Internet US$55 For a Tigo plan with 100 Mbps fiberoptic, 100 Mbps download, and 10 Mbps upload.
Cable TV 222 channels bundled with internet.
Entertainment US$32 One meal out at a mid-range, local restaurant with two drinks each.
Groceries US$450 Shopping at local stores and buying from fruit and vegetable stands.
TOTAL US$1,169

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