Will I save money living in Panajachel?

"Living in Panajachel can be significantly cheaper than living in the United States. The cost of living in Guatemala is much lower than in the United States, with basic necessities such as food, housing, and transportation costing significantly less. Additionally, the cost of entertainment and leisure activities is also much lower in Guatemala than in the United States. As a result, living in Panajachel, Guatemala can be a great way to save money compared to living in the United States," mentioned another expat when asked about moving to Panajachel, Guatemala.