Is the cost of living in Panama high?
We asked people how much they someone comfortably live on in Panama, they wrote...
"We do fine with $2000/monthly for everything. But, no mortgage, car payment, credit card bills..," commented one expat who made the move to Taboga Island, Panama.
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"A couple (renting) can live in a condo and a very comfortable lifestyle, eating out a time or two a week, for $2-2.5K/ month in this area or less depending on where you live. We are pretty spoiled," remarked another expat in Nueva Gorgona, Panama.
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Other Questions:
- What do I need to know before retiring in Panama?
- How do I meet people in Panama?
- What is life like in Panama?
- Is there a lot of crime in Panama?
- Is there a lot of diversity? Are people in Panama accepting of differences?
- What are the schools in Panama like?
- Is the cost of living in Panama high?
- What advice do you have for expats having a baby in Panama?
- What are healthcare services like in Panama?
- Is the cost of living in Panama high?
- What type of recreational facilities are in Panama?
- What is the weather like in Panama?
- Are there good restaurants in Panama?
- Where will I buy groceries and do other shopping in Panama?
- What are the visa & residency requirements in Panama?
- Are healthcare and health insurance expensive in Panama?
- What do I need to know when buying property in Panama?
- Are foreigners allowed to own property 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 is one of the Founders of Digital Nomad Exchange and serves as Co-President of Expat Exchange. Prior to Expat Exchange and Digital Nomad 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.
