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
Live-in Maid (If you can afford Highly Recommended) $150
Cell Phone $20
Maintenance Fee $125
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 $1.00-3.00
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.