Expat Exchange
Free MembershipSign In
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:

"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," remarked one expat in Bocas del Toro.

"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," explained one expat living in Bocas del Toro.

Answer this Question

William RussellWilliam Russell
Get Quote

William Russell's private medical insurance will cover you and your family wherever you may be. Whether you need primary care or complex surgery, you'll have access to the best hospitals & doctors available. Unlike some insurers, we also include medical evacuation and mental health cover in our plans (except SilverLite). Get a quote from our partner, William Russell.

William RussellWilliam Russell

William Russell's private medical insurance will cover you and your family wherever you may be. Whether you need primary care or complex surgery, you'll have access to the best hospitals & doctors available. Unlike some insurers, we also include medical evacuation and mental health cover in our plans (except SilverLite). Get a quote from our partner, William Russell.
Get Quote

Will I save money living in Bocas del Toro?

Please login to continue reading this article.

Not a member? Join Today (it's free).

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

William Russell
William Russell

Get a quote for international health insurance from our partner, William Russell.
Get Quote

William RussellWilliam Russell

Get a quote for international health insurance from our partner, William Russell.
Get Quote

Contribute to Panama Network Contribute
Help others in Panama by answering questions about the challenges and adventures of living in Panama.

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

Copyright 1997-2024 Burlingame Interactive, Inc.

Privacy Policy Legal