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Cost of Living in Bocas del Toro, Panama | Expat Exchange
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Bocas del Toro, Panama

Cost of Living in Bocas del Toro, Panama

By Joshua Wood, LPC

Last updated on Apr 15, 2023

Summary: The cost of living in Bocas del Toro, Panama is relatively low compared to other parts of the world. A nice 1 bedroom apartment in Bocas del Toro can cost anywhere from $400 to $600 per month, while a nice 2 bedroom apartment can cost anywhere from $500 to $800 per month. The cost of dinner at a moderately priced restaurant in Bocas del Toro is usually around $10 to $15 per person.

Kovalenko & Vera Attorneys at Law in Panama
Kovalenko & Vera Attorneys at Law in Panama
Kovalenko & Vera Attorneys at Law in Panama
Kovalenko & Vera Attorneys at Law in Panama

Is the cost of living in Bocas del Toro high?

We asked people how much they someone comfortably live on in Bocas del Toro, they wrote:

"Our situation on isla Solarte in Bocas is such that we can live comfortable spending $1500 a month. Renting an apartment in town and riding a bicycle can produce a similar situation. I have older, single friends who live in town who spend much less than we do," remarked one expat in Bocas del Toro.

"The cost of living in Bocas del Toro is relatively low compared to other parts of the country. Basic necessities such as food, transportation, and utilities are generally inexpensive. Rent prices vary depending on the area, but are generally affordable. Eating out is also relatively inexpensive, with many restaurants offering meals for a few dollars. Overall, Bocas del Toro is a great place to live for those looking for a low cost of living," explained one expat living in Bocas del Toro.

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About the Author

Joshua Wood Joshua Wood, LPC joined Expat Exchange in 2000 and serves as one of its Co-Presidents. He is also one of the Founders of Digital Nomad Exchange. Prior to Expat Exchange, Joshua worked for NBC Cable (MSNBC and CNBC Primetime). Joshua has a BA from Syracuse and a Master's in Clinical and Counseling Psychology from Fairleigh Dickinson University. Mr. Wood is also a licensed counselor and psychotherapist.

Some of Joshua's articles include Pros and Cons of Living in Portugal, 10 Best Places to Live in Ireland and Pros and Cons of Living in Uruguay. Connect with Joshua on LinkedIn.

Bocas del Toro, Panama

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Kovalenko & Vera Attorneys at Law in Panama
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