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Cost of Living in gorgona 2024 | Expat Exchange
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Cost of Living in gorgona

By Joshua Wood, LPC

Business Panama Group
Business Panama Group

Summary: Understanding the the cost of living in gorgona helps a newcomer what to expect when it comes to apartment or house hunting, grocery shopping, transportation, dining out, utilities and more.

Category Cost
Apartment Rentals Depending on the size and location, apartment rentals in Gorgona, Panama can range from $500 to $1,500 per month. Luxury apartments or those with ocean views can cost more.
Apartment Purchases The cost of purchasing an apartment in Gorgona can vary greatly depending on the size, location, and amenities. On average, you can expect to pay anywhere from $100,000 to $300,000. Luxury apartments or those with ocean views can cost significantly more.
Transportation Public transportation in Gorgona is relatively inexpensive. A one-way ticket on local transport can cost around $1.50. Taxis start at around $2 and increase based on distance. If you choose to drive, gasoline prices are around $0.80 per liter.
Groceries The cost of groceries in Gorgona is generally lower than in the U.S. For example, a liter of milk costs around $1.20, a loaf of bread is about $1.50, and a dozen eggs is around $2.20. Fresh fruits and vegetables are also quite affordable.
Restaurants A meal at an inexpensive restaurant in Gorgona can cost around $5 to $10. A three-course meal for two people at a mid-range restaurant can cost around $30 to $50. Fast food combo meals are typically around $6 to $8.
Utilities Basic utilities for an apartment (electricity, heating, cooling, water, garbage) can cost around $100 to $150 per month. Internet can cost around $40 to $60 per month.
Private School Tuition Private school tuition can vary greatly depending on the school and the age of the student. On average, you can expect to pay around $5,000 to $10,000 per year for preschool and elementary school. Middle school and high school tuition can range from $8,000 to $15,000 per year.
Please note that these are average costs and actual prices may vary. It's also important to remember that the cost of living can be influenced by personal lifestyle choices. For example, choosing to eat out frequently or choosing a larger or more luxurious apartment can significantly increase living costs. It's also worth noting that while some things may be cheaper in Gorgona compared to the U.S., other things may be more expensive. For example, imported goods and electronics are often more expensive in Panama than in the U.S.

Monthly Budget for Retirees in gorgona

"The cost of living in Gorgona, Panama is considered to be relatively affordable compared to many other locations. Rent for a one-bedroom apartment in the city center can be quite reasonable, while outside the city center, it can be even cheaper. The cost of utilities such as electricity, heating, cooling, and water is also fairly low. Groceries in Gorgona are also affordable, with local markets offering fresh produce at lower prices. Eating out at restaurants can vary, with inexpensive restaurants being quite affordable, while a three-course meal for two at a mid-range restaurant can be a bit more expensive. Transportation costs in Gorgona are also quite low, with affordable public transportation and reasonably priced gasoline. Healthcare in Gorgona is also relatively affordable, with both public and private healthcare options available. Overall, the cost of living in Gorgona, Panama is lower than in many North American and European cities, making it an attractive option for expats and retirees," said one expat living in gorgona.

Can I live in gorgona on $1,500 a month?

"I've been living in Gorgona, Panama for a few years now and I can tell you that it's definitely possible to live comfortably on $1,500 a month, but it does require some careful budgeting and lifestyle adjustments. Gorgona is a small beach town, so the cost of living is relatively low compared to the city. Rent for a decent one-bedroom apartment in a safe neighborhood can range from $500 to $700 per month. If you're willing to live a bit further from the beach, you can find cheaper options. Utilities like electricity, water, and internet are fairly affordable, usually costing around $100 per month. Groceries can be a bit pricey, especially if you're buying imported goods, but if you stick to local produce and products, you can keep your food budget under $300 a month. Eating out is also quite affordable, with a meal at a local restaurant costing around $5 to $10. Transportation is another area where you can save. Public transportation is cheap and reliable, and since Gorgona is a small town, you can get around easily on foot or by bike. If you decide to get a car, keep in mind that gas prices are higher than in the U.S. Healthcare is another factor to consider. Panama has a good healthcare system and the cost is significantly lower than in the U.S. However, if you want to have access to private healthcare, you might want to consider getting health insurance, which can cost around $100 per month. As for sacrifices, you might have to give up some of the luxuries you're used to. For example, imported goods, high-end restaurants, and luxury apartments are all more expensive. You might also have to adjust to the slower pace of life and the local customs and culture. In terms of neighborhoods, I would recommend looking at areas like Playa Serena or Bahia Tower if you're on a budget. These areas are safe, close to the beach, and have a good mix of locals and expats. On the other hand, areas like Coronado or Punta Barco are more upscale and expensive, so you might want to avoid them if you're trying to save money. Overall, living in Gorgona on $1,500 a month is doable, but it requires some adjustments and careful budgeting. It's a beautiful place with a relaxed lifestyle, and if you're willing to adapt, it can be a great place to live," commented an expat living in gorgona.

Can I live in gorgona on $3,500 a month?

"I've been living in Gorgona, Panama for a few years now and I can tell you that it's definitely possible to live comfortably on $3,000 a month, even if you're used to modern amenities. However, you might have to make a few sacrifices. For instance, you might not be able to dine out at high-end restaurants every night or live in the most luxurious neighborhoods. But, you can still enjoy a good quality of life. Gorgona itself is a pretty affordable place to live. It's a small beach town with a laid-back vibe and a growing expat community. The cost of living here is significantly lower than in the U.S. or Europe. You can rent a decent two-bedroom apartment for around $800 to $1,000 a month. If you prefer to live in a house, you can find one for around $1,200 to $1,500 a month. Utilities are also quite affordable. You can expect to pay around $50 to $100 a month for electricity, depending on how much you use the air conditioning. Internet and cable TV packages are around $30 to $50 a month. Groceries are also reasonably priced. You can get fresh fruits, vegetables, and seafood at local markets for a fraction of what you'd pay back home. A week's worth of groceries for two people will cost you around $50 to $70. As for dining out, there are plenty of affordable options. You can get a meal at a local restaurant for around $5 to $10. If you want to splurge on a fancy dinner, you can expect to pay around $30 to $50 per person. Now, if you're looking for a more upscale lifestyle, you might want to consider living in Coronado. It's just a few minutes away from Gorgona and it's where most of the expats live. It has a golf course, a country club, and several high-end restaurants. However, the cost of living there is significantly higher. You can expect to pay at least $1,500 a month for a two-bedroom apartment and around $2,500 a month for a house. In conclusion, living in Gorgona on $3,000 a month is definitely doable. You might have to make a few sacrifices, but you can still enjoy a comfortable lifestyle. Just be mindful of your spending and try to live like a local as much as possible," said one expat living in gorgona.

Can I live in gorgona on $5,000 a month?

"I've been living in Gorgona, Panama for a few years now and I can tell you that living on $5,000 a month is not only possible, but you can live quite comfortably. The cost of living here is significantly lower than in many parts of the U.S. or Europe. For instance, you can rent a nice two-bedroom apartment for around $800 to $1,000 a month. If you want to live in a more upscale neighborhood, like Coronado, you might have to pay a bit more, maybe around $1,500 a month. But I would recommend sticking to Gorgona or the nearby town of Nueva Gorgona, where you can find more affordable housing. When it comes to utilities, you're looking at about $100 a month for electricity, and water is usually included in your rent. Internet and cable TV will cost you around $50 a month. Groceries will probably run you about $400 a month, but that can vary depending on your eating habits. Eating out is also quite affordable. A meal at a mid-range restaurant will cost you around $15. Transportation is another area where you can save a lot. Public transportation is very cheap, and taxis are also quite affordable. If you decide to buy a car, gas is about $0.80 per liter. Healthcare is another big plus. The quality of healthcare in Panama is quite good, and it's much cheaper than in the U.S. A visit to the doctor will cost you around $20, and a visit to a specialist is about $50. Of course, there are some sacrifices you'll have to make. For instance, imported goods are quite expensive, so you might have to adjust your shopping habits. Also, while Gorgona is a beautiful place, it's a small town, so you might miss the hustle and bustle of a big city. But overall, I think the benefits far outweigh the drawbacks. In terms of neighborhoods to avoid, I would say stay away from the more touristy areas like Bocas del Toro and Boquete. They're beautiful, but the cost of living is much higher. Stick to the more local areas like Gorgona, Nueva Gorgona, or even the nearby town of Chame, and you'll be able to live quite comfortably on $5,000 a month," commented an expat living in gorgona.

About the Author

Joshua Wood Joshua Wood, LPC joined Expat Exchange in 2000 and serves as one of its Co-Presidents. He is also one of the Founders of Digital Nomad Exchange. Prior to Expat Exchange, Joshua worked for NBC Cable (MSNBC and CNBC Primetime). Joshua has a BA from Syracuse and a Master's in Clinical and Counseling Psychology from Fairleigh Dickinson University. Mr. Wood is also a licensed counselor and psychotherapist.

Some of Joshua's articles include Pros and Cons of Living in Portugal, 10 Best Places to Live in Ireland and Pros and Cons of Living in Uruguay. Connect with Joshua on LinkedIn.


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