Cost of Living in Panama City

Panama offers a very comfortable quality of life whether it is for retirement or for work, in part because the nation is much more developed than most visitors expect. Many are pleasantly surprised by the modernity of Panama and the skyline of skyscrapers that you see on your drive into the city from the airport. All of the amenities that you would find in any modern city are readily available here.

By moving to Panama, it is possible to enjoy the benefits of a developing economy where you can still take a taxi across town for a couple of dollars,  or enjoy dinner for two with a bottle of wine at one of the finest restaurants in Panama city for around $40.

No matter what your taste or budget, you’ll find that Panama offers plenty of quality options.

Here’s a sample monthly budget for two people:

Rental on a two-bedroom apartment in central Panama City): $900 to $1,700

Electricity, Water, Cleaning and Gas combined: $300

Household shopping: $300

Running a small car: $200

Going out (Cinema, Restaurants, Bowling): $150

Phone, TV and internet broadband: $100

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