Cost of Living in Boquete, Panama
Last updated on Feb 10, 2023
Summary: The cost of living in Boquete, Panama is generally considered to be quite affordable. A nice one bedroom apartment in Boquete can cost anywhere from $400 to $600 per month, while a nice two bedroom apartment can cost from $500 to $800 per month. The cost of dinner at a moderately priced restaurant in Boquete is usually around $15 to $20 per person.
Is the cost of living in Boquete high?
We asked people how much they someone comfortably live on in Boquete, they wrote:
"The cost of living in Boquete is generally considered to be quite affordable. Groceries, restaurants, and other basic necessities are generally quite inexpensive, and the cost of housing is also quite reasonable. Utilities are also relatively inexpensive, and the overall cost of living is much lower than in many other parts of the world," remarked one expat in Boquete.
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Will I save money living in Boquete?
"Living in Boquete can be significantly cheaper than living in the United States. The cost of living in Boquete is much lower than in the US, with basic necessities such as food, housing, and transportation costing significantly less. Additionally, the cost of healthcare is much lower in Panama than in the US, making it a great option for those looking to save money. Furthermore, the cost of entertainment and leisure activities is also much lower in Boquete than in the US, making it a great option for those looking to save money," said one expat in Boquete.
What is the average cost of housing in Boquete?
If you are thinking about moving to Boquete, cost of living in probably a key consideration. Expats commented about the cost of housing:
"Our rent (including electric, gas and high-speed internet) is less than half of just our mortgage in S. Florida. Tip: if internet is important to you, don't ask, "do you have internet" since everyone can get it. Ask, "what speed internet can I get and how much does it cost?" We pay about $50 for 5G megs mo. Five minutes away it is $150 for 1meg," said one person in Boquete.
"We are certain it is less to live there than in the US although....prices are creeping up at least in the grocery stores," remarked one expat in Boquete.
"Monthly rental is $905.00 per month cheaper. Housing here is between $600 $700 for two bedrooms. There are real estate people here who will find a house or apartment for you. Be prepared, every local has his hand out. Everyone from the cab drivers to our exterminator will offer to find a house for you. They have contacts and get commissions. But make no mistake, the Panamanians are all good-hearted and mean well. Sometimes strike gold," explained one expat living in Alto Boquete.
"The cost of housing in Boquete varies depending on the size and location of the property. Generally, the average cost of a one-bedroom apartment in Boquete is around $500 per month, while a three-bedroom house can cost up to $1,500 per month. Prices can also vary depending on the amenities offered, such as a pool or a view," said one expat in Boquete.
Explore Panama Legal Business for a full suite of legal services tailored to your needs. From obtaining residency and visas to opening bank accounts, obtaining apostilles, conducting background checks, setting up businesses, and navigating real estate transactions, trust our experience and dedication to guide you through every step of the process in Panama.
Explore Panama Legal Business for a full suite of legal services tailored to your needs. From obtaining residency and visas to opening bank accounts, obtaining apostilles, conducting background checks, setting up businesses, and navigating real estate transactions, trust our experience and dedication to guide you through every step of the process in Panama.
What are typical rental prices for expats in Boquete?
"The rental price for a nice 1 bedroom apartment in Boquete is typically around $500 to $700 per month, while a nice 2 bedroom apartment can cost around $700 to $900 per month," said one expat.
What appliances are typically included in a rental?
We asked foreigners in Boquete what appliances are typically included in a rental, and, if there is anything else included or not included that a newcomer would not expect. Replies included:
"Rental properties in Boquete typically include a refrigerator, stove, oven, and washing machine. Some properties may also include a dishwasher, microwave, and other small kitchen appliances. Additionally, many properties come with air conditioning units and ceiling fans," commented one expat living in Boquete, Panama.
About the Author
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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