Cost of Living in Coronado, Panama

"The cost of living in Coronado, is generally considered to be higher than in many other parts of the country, largely due to its popularity as a beach resort destination and its appeal among expatriates and retirees. Housing costs can vary widely, with beachfront properties and gated communities commanding premium prices, while more modest accommodations can be found further from the beach. Utilities such as electricity and internet are relatively affordable, but may be higher than in less developed areas due to the demand for high-quality services. Groceries and dining out can also be more expensive in Coronado compared to smaller towns and rural areas, reflecting the area's tourist-oriented economy and the availability of imported goods. Transportation costs are reasonable if you rely on public transit, but owning a vehicle will involve costs for fuel, maintenance, and insurance, which can add up. Healthcare services in Coronado are of good quality, and while cheaper than in many Western countries, medical expenses can still be significant, especially for private care. Many expatriates choose to purchase health insurance to manage these costs. Overall, while Coronado offers a high quality of life and a range of amenities that cater to both locals and expatriates, the cost of living is on the higher side for Panama, particularly in terms of real estate and leisure activities. However, it remains more affordable than many comparable coastal communities in North America and Europe," remarked one expat in Coronado.

"Whether you will save money living in Coronado compared to the United States depends on various factors, including your lifestyle, where in the United States you're comparing it to, and the type of expenses you typically incur. Generally, the cost of living in Coronado, Panama, can be lower than in many U.S. cities, especially when it comes to housing, healthcare, and local services. Utilities might also be less expensive, depending on your usage and the efficiency of your home. Local food and labor costs are typically lower in Panama, which can contribute to savings. However, imported goods and certain amenities geared towards expatriates can be more expensive. Additionally, if you often travel back to the U.S. or maintain a lifestyle similar to what you had in the U.S., your savings might be less significant. It's important to consider your personal circumstances and do a detailed comparison to determine if you will save money by moving to Coronado, Panama," said one expat in Coronado.

"Average home would probably go for 150K to 250K, depending on location and how modern it is. Depends on what you are looking for. Take the time to do your research with various real estate companies. You can pay beaucoup the bucks for waterfront mansions," explained one expat.

"The average cost of housing in Coronado, can vary widely depending on the type of property, its location, and its amenities. Generally, Coronado is known as a popular beach community with a mix of luxury homes, condos, and more modest dwellings. Prices for homes in this area tend to be higher than the national average due to its desirability among expatriates and retirees, as well as its developed infrastructure and proximity to Panama City. Condominiums might be more affordable than standalone homes, especially those with ocean views or beachfront access. Rentals can also be a popular option, with prices fluctuating based on size, location, and seasonality. It's important to note that real estate markets can change, so for the most current information, it would be best to consult real estate listings or contact local real estate agents in Coronado," said one person in Coronado.

"The rental price for a nice 1 bedroom apartment in Coronado is typically around $800 to $1,000 per month, while a nice 2 bedroom apartment can cost around $1,200 to $1,500 per month," commented one expat who moved to Coronado.

"Rental properties in Coronado typically include a refrigerator, stove, oven, and washing machine. Additionally, some properties may include a dishwasher, microwave, and air conditioning unit," said one expat living in Coronado.