Will I save money living in Bocas del Toro?

"Living in Bocas del Toro can be significantly cheaper than living in the United States. The cost of living in Panama is generally lower than in the United States, with rent, groceries, and other necessities costing much less. Additionally, Panama has no income tax, so you can keep more of your money. Furthermore, Panama has a strong US dollar, so you can get more for your money. All of these factors make Bocas del Toro an attractive option for those looking to save money," commented one expat who made the move to Bocas del Toro, Panama.

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Business Panama Group

The Business Panama Group is a well-established group of companies, professionals and alliance partners with 20 years of experience promoting and facilitating business, investments, real estate, immigration and tourism in Panama by providing information, business development and support services to individual and corporate investors.
Connect

Click connect to have our partner contact you via e-mail and/or phone.

"Cost of living is much less than the US. Our particular situation is no property tax, utilities are my own (off grid), Internet, fuel and food are our only real costs besides entertainment. Internet is reliable and cheaper monthly in Bocas town then in the outer islands. The cost of food at the grocery store isn't "cheap" but surprisingly the restaurants are less. Getting bulk goods from Costco in David every couple months can save about 40% of your monthly food and disposable goods. Health insurance on a 70% /30% payment basis is only $148 monthly for the 2 of us (we are healthy). We spend less than $1500 a month when we are not traveling or being excessively social," remarked another expat in Bocas del Toro, Panama.