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Panama | Is the cost of living in Panama high? | Expat Exchange
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Panama City, Panama

Is the cost of living in Panama high?

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Panama Legal Business (PANLEB)
Panama Legal Business (PANLEB)
Panama Legal Business (PANLEB)
Panama Legal Business (PANLEB)

We asked people about the cost of living in Panama, they wrote...

"Panama’s cost of living is considered to be average by Latin American standards. Generally, the larger cities such as Panama City, David and Colon tend to be more expensive to live in compared to exciting places such as the Panama Canal or the sprawling tropical jungles of Panama’s East Coast. The rental price for a nice 1 bedroom apartment in Panama is between $500-700 USD a month and a nice 2 bedroom apartment is between $700-900 USD a month. Eating dinner at a moderately priced restaurant would generally cost around $10-30 USD depending on the type of restaurant or food ordered," explained one expat living in Panama.

"You an rent a home for under 500 a month. Utilities are cheap, food is also cheap. Maybe 50 every two, weeks maybe 100 for, 2 people to, eat well," said another in Panama.

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Is the cost of living in Panama high?

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About the Author

Joshua Wood 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.

Panama City, Panama
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Panama Legal Business (PANLEB)
Panama Legal Business (PANLEB)

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