Cost of Living in Panama City, Panama

"The cost of living in Panama City is generally considered to be quite affordable. Groceries, transportation, and utilities are all relatively inexpensive compared to other cities in the region. Rent prices can vary depending on the area, but are generally lower than in other major cities. Eating out is also relatively affordable, with many restaurants offering meals for a fraction of the cost of similar restaurants in other countries," explained one expat living in Panama City.

"Its not as cheap as I thought it would be. Food is the same or more. Restaurants are cheaper. Transport much cheaper. Clothing and appliances are probably cheaper in US. We have better sales in US," said one expat in Panama City.

"Living in Panama City can be significantly cheaper than living in the United States. The cost of living in Panama City is generally lower than in the United States, with rent, groceries, and other everyday expenses costing much less. Additionally, Panama has no income tax, which can save a significant amount of money for those who are employed. Furthermore, Panama has a strong healthcare system, with many medical services being offered at a fraction of the cost of those in the United States. All of these factors make Panama City an attractive option for those looking to save money," remarked one in Panama City.

"Electricity more, especially when fuel prices soar. Cable is same. No ppty taxes, but now have $400 a month maintenance in the bldg, which includes water, garbage, common area items. When I look at check registers from California, I'm reminded that we paid a monthly (smaller) fee, but paid for garbage removal, gardener for back yard, all utilities, cable, phone. Here I can live with a cell phone only," wrote a person living in Panama City.

"Panama prices are still low but not like advertised by different websites. The retirement (jubilado) discount is interesting but not fully discounted as advertised, it's not 25% on the total electric bill, it's 25% of the of a portion of the electricity used so far away from 25% of total bill. Hotels are discounted by 25% but from their highest price so if a hotel is showing a special price of $100/night, you won't get 25% off $100, you will get 25% of their regular price that maybe around $150 so you better use their special rare and not applying your jubilado discount. For restaurants, the 25% discount worth it but it's not 25% off the total bill, it's 15 to 25% on portion of the bill but still worth it. Condo/house purchase or rental are cheaper. Food is not cheaper then the USA and even higher so if you buy locally food, you will save but limited on your choice. If you buy some food products from the USA, you will pay full price....higher then the USA. Panama is hot and Humid besides if you live in the mountains but there are negative aspects to it. My wife and I live in Panama and we like it so this message is not to sugar coat Panama but to be realistic. We like Panama, people are very friendly with no crazy politic discussions. You don't hear about shooting here and there on daily basis, it is safe and quiet place. They use the US currency, it's not to far away from the USA so it's interesting," explained one expat living in Panama City.

"Actually, they are comparable! I came here from living in Phoenix for the last year. Had to be very fiscally conservative there-just another victim of the economic debacle-and so I am prepared to continue this ecomically challenged life-style. It is what it is! Panama offers such an amazing variety of natural riches,that I feel quite wealthy! And grateful for this opportunity to live a different kind of life and blessed to be here," said one in Panama City.

"The rental price for a nice 1 bedroom apartment in Panama City can range from around $600 to $1,200 per month, while a nice 2 bedroom apartment can range from around $800 to $1,500 per month," mentioned one expat in Panama City.

"In Panama City, rental properties typically include a refrigerator, stove, oven, and washing machine. Additionally, some properties may include air conditioning units, dishwashers, and microwaves," wrote one expat.