What is the average cost of housing in Panama?
If you are thinking about moving to Panama, cost of living in probably a key consideration. Expats commented about the cost of housing...
"Our housing costs are about a third of what we spend in the US. You can get a nice simple apartment for 300 and up or a home for 500 and up. We live on an island so you are never far from the ocean,," wrote a member who made the move to Bocas del Toro, Panama.
Panama Legal Business (PANLEB)Get Quotes
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.
Panama Legal Business (PANLEB)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.
Get Quotes
"Average home would probably go for 150K to 250K, depending on location and how modern it is. Depends on what you are looking for. Take the time to do your research with various real estate companies. You can pay beaucoup the bucks for waterfront mansions," explained one expat living in Coronado, Panama.
Please login to continue reading this article.
Not a member? Join Today (it's free).
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?
- Why do people move to Panama?
- 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?
What is the average cost of housing in Panama?
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.
