Expense Budget 2020

5 years ago
We moved down to Panama 2020. Budgeted were best guesstimates and now today I’m posting actual expenses incurred. These are for two healthy people w/o a car renting on the beachfront a Casita(glamping).
Budget 2020
**Expense** *Beach House* **U.S. $** Actual
Accommodation (two bedroom apartment ) Rent (incl $40 elect) $1,000 $950
Water (often bundled with trash pickup) $0 to $20 0
Gas for cooking, hot water heaters, dryer, etc. $2 to $10 1
Internet (high-speed) next door $0 0
Cable or satellite television $7 to $50 0
Food (local and imported food and household items)
$450 700
Transport (taxi or fuel/maintenance on a compact car)
$200 240
Entertainment (dinner four times a month) $120 500
Electricity (depending on air conditioning use $0 to $30 30
Bribes (tips) 30
Misc.
Rx 550
Gift 90
Communications (cell phone, mostly local use) $50 115


**Monthly total:** **$2,235** $3206/mo

We expected ~$2200 but spend $3200. Both Medical and Food are more expensive than in the States. If you have no Rx’s and can eat fried food stuffs Food is ½ what we spend.

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Caballero Méndez & Candanedo
Caballero Méndez & Candanedo

Our firm is especially recognized for its Immigration and Visa services, helping clients relocate smoothly, obtain residency, and comply with Panama’s legal requirements. We make the migration process clear, efficient, and stress-free, so you can focus on what truly matters: starting your new life or business project with confidence.
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Caballero Méndez & CandanedoCaballero Méndez & Candanedo

Our firm is especially recognized for its Immigration and Visa services, helping clients relocate smoothly, obtain residency, and comply with Panama’s legal requirements. We make the migration process clear, efficient, and stress-free, so you can focus on what truly matters: starting your new life or business project with confidence.
Learn More

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