Is the cost of living in Panama high?
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We asked people how much they someone comfortably live on in Panama, they wrote...
"Our situation on isla Solarte in Bocas is such that we can live comfortable spending $1500 a month. Renting an apartment in town and riding a bicycle can produce a similar situation. I have older, single friends who live in town who spend much less than we do," remarked another expat who made the move to Bocas del Toro, Panama.
"The cost of living in Panama is generally considered to be very affordable. Groceries, rent, utilities, healthcare and other necessities are typically more affordable than in many other countries. The cost of dining out, entertainment, and other services is also competitive. Panama is a great option for those looking to live comfortably and keep their cost of living low," explained one expat living in Panama.
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Other Questions:
- What do I need to know before moving to Panama?
- How do I find a place to live in Panama?
- What is a typical expat home or apartment like in Panama?
- What is the average cost of housing in Panama?
- Should I buy or rent a home in Panama?
- What should I pack when moving to Panama?
- What cultural faux pas should I try to avoid making in Panama?
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- What are healthcare services like in Panama?
- What are medical services in Panama like?
- What are typical rents in Panama?
- What appliances are typically included in a rental?
Is the cost of living in Panama high?
If you live in Panama, newcomers to Panama would love to hear your answer to this question.
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.