Free International Moving Quotes

Panama Expat Forum

Actual Cost of Living near Boquete

Topic Closed thread is now closed  
Post New Topic Newest First
browneyedlattelady
11/17/2019 10:06 EST

I am curious what folks have to say about the actual cost of living near Boquete is. Especially if you don't have to pay rent because of purchasing a home.
I've read everything from $1,000 to $3000 a month depending on individual housing costs. I'm interested in other costs such as internet, tv, phone, insurance home and auto, groceries for cooking most meals at home but not premade stuff, socializing, electric and propane, water and trash etc. Just trying to get a good feel on a budget that allows for extras but isn't wasteful.
Thank you!

PJBarrett1944
11/17/2019 14:43 EST

I live in Boquete and own my home.
My basic expenses are:
electricity $25 (after pensionado discount)
propane $ 10 (small tanks are subsidized by the government)
CableOnda TV & Internet $75
Food (I eat out a lot) $60
Car insurance (liability) about $170/year
Water $25/year
Trash $60/year
Restaurants $120
Gas for car (diesel) $60
Miscellaneous car and home repairs about $80-$100

expat health insurance from CIGNA

Choosing an expat health insurance provider is an important decision. Get a quote from our trusted expat health insurance partner, CIGNA. With Cigna Global Health Options, you can create an international health insurance plan that's perfectly tailored for the needs of you and your family.

Get a Quote

browneyedlattelady
11/18/2019 09:38 EST

PJBarrett1944
Are these monthly costs except where you said yearly?

PJBarrett1944
11/18/2019 09:49 EST

Yes, they are all monthly costs. Forgot to say I pay about $30/month for dog food for my 3 dogs.
Of course there are always some unexpected expenses for things like a vet bill, etc.
I buy my clothes at Importadora Americana and I don't spend more than $10/month.
Groceries, diesel fuel, and housing are probably about the same here as in most states. Money is saved on utilities, household help ($25/month), gardener services ($44/month), insurance, etc.

Mikxx
11/18/2019 16:15 EST

Best is to come here on a scouting trip and find out yourself.
I live in Panama City but some of these numbers make no sense for me:

electricity $25 (after pensionado discount) - how big is the property? And I guess you do not use any AC? I have 1800 squarefeet and use AC in one room only and my bill is 150-200 monthly.


Food (I eat out a lot) $60 - when I go to a supermarket I can spend this on a bottle of wine, 1 pound of strawberries (e.g. those are alone 8 bucks) and a piece of cheese. Groceries are easy double the price comapred to the US in average.

restaurants $120 - this translates into maybe 6 average meals in Panama City if I do not eat empanadas every day.

Gas for car (diesel) $60 - this would fill up my truck once, so you drive only aproximately 600 km a month?

In general said, if you want to live the same standard of living than home you will likely spend more money.

PJBarrett1944
11/18/2019 16:38 EST

The poster asked for the cost of living in Boquete, not Panama City. Nobody uses air conditioning in Boquete. Thus $25/month for electricity. I guess if you are buying $60 bottles of wine and $8 strawberries, you are probably not a typical consumer. You can eat out in Boquete in a decent restaurant for $8 or $9 plus a $1.50 bottle of beer.

expat health insurance from CIGNA

Choosing an expat health insurance provider is an important decision. Get a quote from our trusted expat health insurance partner, CIGNA. With Cigna Global Health Options, you can create an international health insurance plan that's perfectly tailored for the needs of you and your family.

Get a Quote

volcan357
11/18/2019 21:35 EST

Panama City is way over-priced. If you want to live in a big city Medellin is not only much cheaper but much nicer and a lot more interesting. One can live reasonable in the highlands of Chiriqui. There are lots of places in Panama better than Panama City.

stgibson
11/20/2019 11:13 EST

We live about 15 minutes from Boquete and David. We own our own home and live well on $1500/mo. Our electric is $50/mo., propane $20/mo., water, $3/mo.,trash $4/mo., internet $37.45/mo., insurance (highest liability coverage) $250/year, food $250-$300/mo. We go out once a week to socialize for a few drinks and appetizers $10-$20 for two. We went back to the States in August and were shocked at the prices there. Here tomatoes $.90/lb, potatoes $.60/lb, onions $.80-.90/lb., chicken $1.15-$1.50/lb. etc. I buy fresh whole Tuna for $2.50/lb and shrimp $6-$10/lb. I buy whole pigs for $1.75-$2.00/lb., butcher and freeze and raise my own veal. So, I keep busy and couldn't begin to live a good life in the States for what it costs me here. the only thing I pay more for here is asparagus and plastic containers, but the asparagus is getting better because it is getting popular. Not to mention a case of national beer $13.50, 6 pack of Guiness Stout $6 and a liter of good Anejo Rum $10.

browneyedlattelady
11/20/2019 12:25 EST

stgibson
Thank you for your reply! We will be living in Boquete Canyon Village and own our home. It sounds like we will have similar costs. In the states we are used to buying whole pig and side or whole beef and fresh chicken from a local farmer. I hope to be able to find it there as well. We may need to be in touch with you over that subject!

Thanks again for your reply!

PanamaJackie
11/28/2019 23:52 EST

In Boquete Canyon Village, your electric costs will be higher because you will need air conditioning some of the time. It's a much lower elevation than Bajo boquete or Alto boquete so that means it will be warmer.

In the dry season, January - April, it will also be windy there.

it's always a good idea to RENT for at least 6-12 months (through both seasons) before you make a buying decision. If you love it in the rainy season, you may hate it in the dry season or visa versa. So it's a good idea to live in an area you are interested in for 12 months so you can experience what the weather is like. year round.

Expatriate Health Insurance

Get a quote for expat health insurance in Panama.

International Moving Companies

Moving to Panama? Get a moving quote.


Mail Forwarding to Panama

Mail Forwarding to Panama.


Expat Tax

Expat Tax Preparation, Expat Tax Professionals

Join Today (free)

Join Expat Exchange to meet expats in your area or get advice before your move. It's FREE and takes 1 minute!

Cigna Expat Health InsuranceExpatriate Health Insurance

Get a quote for expat health insurance in Panama from our partner, Cigna Global Health.
Get a Quote

Panama Forum Panama Forum
Join our Panama forum to meet other expats and talk about living in Panama.

Living in Panama GuideLiving in Panama Guide

Our Guide to Living in Panama is a perfect primer for readers interested in Panama. Covers healthcare, cost of living, best places to live, residency, visas, real estate, moving tips and the pros and cons of living in Panama. (more)

Moving to PanamaMoving to Panama Guide

Do you have to buy a round trip ticket when moving to Panama? How difficult is it to bring my dog? Should I buy a home in Panama? Can I find health (more)

Best Places to Live in Panama Best Places to Live in Panama

Panama is a great place to live or retire with easy residency laws, warm people and lots of expats. Whether you want to live by the beach in Bocas del Toro or need to live in Panama City for work and schools, there are many places to explore. (more)

Healthcare in PanamaHealthcare in Panama

Expats have differing opinions about healthcare in Panama. Many advice against public hospitals and healthcare, but some recount good experiences. This article covers public vs private healthcare, cost of healthcare, obtaining prescription medications and much more. (more)

Real Estate PanamaReal Estate in Panama

Real estate listings in popular cities and towns in Panama.

Cost of Living in PanamaCost of Living in Panama

Expats in Panama enjoy a relatively low cost of living. However, it's important to do your research to make sure you'll actually enjoy those saving while creating a high quality of life as an expat in Panama. (more)

Pros Cons of Living in PanamaPros & Cons of Living in Panama

Take off your rose-colored glasses and learn what expats have to say about the biggest challenges and the greatest rewards of living in Panama.

Visa and Residency PanamaPanama Visa & Residency Guide

This article covers the ins and outs of the most common tourist and residency visas that expats and global nomads obtain when moving to and living in Panama. (more)

10 Tips for Living in Panama10 Tips for Living in Panama

Expats, global nomads and retirees are drawn to Panama's ease of residency, low taxes (Panama does not tax on worldwide income), friendly Panamanians who always put family first, inexpensive healthcare and laid back lifestyle. (more)

Read More

Copyright 1997-2021 Burlingame Interactive, Inc.

Privacy Policy Legal