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 in Boquete.
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Kovalenko & Vera is a Panamanian law firm that specializes in immigration law, corporate law, real estate law, banking, contract negotiation, taxes and flag registry. With more than 20 years of professional practice, Kovalenko & Vera builds lasting relationships with our clients to ensure your interests are safeguarded.
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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," remarked one 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:
"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 in Boquete.
Kovalenko & Vera is a Panamanian law firm that specializes in immigration law, corporate law, real estate law, banking, contract negotiation, taxes and flag registry. With more than 20 years of professional practice, Kovalenko & Vera builds lasting relationships with our clients to ensure your interests are safeguarded.
Click connect to have our partner contact you via e-mail and/or phone.
Kovalenko & Vera is a Panamanian law firm that specializes in immigration law, corporate law, real estate law, banking, contract negotiation, taxes and flag registry. With more than 20 years of professional practice, Kovalenko & Vera builds lasting relationships with our clients to ensure your interests are safeguarded.
Click connect to have our partner contact you via e-mail and/or phone.
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," wrote 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," wrote an expat living in Boquete.
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.
Additional Information:
- Expat Guide to Boquete
- Retire in Boquete Guide
- Best Markets in Boquete
- 7 Tips for Living in Boquete
- Pros & Cons of Living in Boquete
- Cost of Living in Boquete
- Health Care in Boquete
- The Essential Guide to Boquete
- 11 Expats Talk about Living in Boquete
- Healthcare & Health Insurance in Panama
- Best Places to Live in Panama
- 5 Great Places to Retire in Central America
- What It's Like Living in Boquete
- Pros and Cons of Living in Panama 2025
- 2025 Guide to Moving to Panama
- More Advice about Retiring in Panama
- Members Talk about the Cost of Living in Panama