Living Costs in Panama
Panama offers a first world infrastructure but at third world
cost. Below is a quick list of current mayor living costs as reference:
| MONTHLY EXPENSE (In US Dollars)
|
PANAMA * |
| FIX COST |
| Electricity |
$40 |
| Water (Very Safe to Drink - The
Best in Latin America ) |
$20 |
| Phone (Includes Monthly Fee and
Estimate Usage) |
$50 |
| Living Maid (If you can afford
Highly Recommended) |
$150 |
| Cell Phone |
$20 |
| Maintenance Fee |
$25 |
| Internet Services (Residential)
|
$30 |
| Cable Service |
$ 50 |
| Gasoline ($2.35 Per Gallon - Estimate)
|
$50 |
| Fire Insurance (Building &
Content) |
$15 |
| Health Insurance (Basic Coverage
for Family) |
$150 |
| Car Insurance (Based on a $ 30,000
Auto) |
$50 |
| Gas (Cooking & Water Heater) |
$10 |
| OTHER REFERENCE COST |
| Mortgage Interest Rates (Usually about 2 point
higher than US - Very good for Latin-American Standards) |
%6 - %10 |
Property Tax (Yearly)
. Land
. Betterments |
From 0% to 2%
From 0% to 2% |
| Taxis within Panama City |
$1.50 |
| Sales Tax |
5% |
| Dinner at Fancy Restaurant (For Two with Wine)
|
$60 |
| Movie Theater |
$3.50 |
| Bottle of Wine (Plenty of Variety) - Mayor
Re-Export Business from the Colon Free Zone |
$8 |
| Dentist |
$35 |
| Doctors Appointment |
$30 - $40 |
Note: All indicated cost are estimates based on a family of four,
cost may vary.
|
