Will I save money living in Bocas del Toro?
We asked expats if they save money living in Bocas del Toro. They said...
"Living in Bocas del Toro can be significantly cheaper than living in the United States. The cost of living in Panama is generally lower than in the United States, with rent, groceries, and other necessities costing much less. Additionally, Panama has no income tax, so you can keep more of your money. Furthermore, Panama has a strong US dollar, so you can get more for your money. All of these factors make Bocas del Toro an attractive option for those looking to save money," commented one expat who made the move to Bocas del Toro, Panama.
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Traveling Mailbox serves thousands of travelers, expats, digital nomads, businesses, individuals and others in over 47 Countries by scanning their postal mail so they can view it online anywhere in the world. They provide customer service 7 days a week so if you need assistance, it is just a phone call away. Traveling Mailbox works with Evernote, Bill.com and Dropbox. And, there are Traveling Mailbox apps available for iOS and Android devices.
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Click connect to have our partner contact you via e-mail and/or phone.
"Cost of living is much less than the US. Our particular situation is no property tax, utilities are my own (off grid), Internet, fuel and food are our only real costs besides entertainment. Internet is reliable and cheaper monthly in Bocas town then in the outer islands. The cost of food at the grocery store isn't "cheap" but surprisingly the restaurants are less. Getting bulk goods from Costco in David every couple months can save about 40% of your monthly food and disposable goods. Health insurance on a 70% /30% payment basis is only $148 monthly for the 2 of us (we are healthy). We spend less than $1500 a month when we are not traveling or being excessively social," remarked another expat in Bocas del Toro, Panama.
Other Questions:
- What should I pack when moving to Bocas del Toro?
- Where should I setup a bank account in Bocas del Toro?
- Will I be able to find a job in Bocas del Toro?
- What is life like in Bocas del Toro?
- What do expats in Bocas del Toro appreciate most about the local culture?
- What do expats find most challenging?
- Is there a lot of crime in Bocas del Toro?
- Is there a lot of diversity? Are people in Bocas del Toro accepting of differences?
- What are the schools in Bocas del Toro like?
- What are healthcare services like in Bocas del Toro?
- What are medical services in Bocas del Toro like?
- Are healthcare and health insurance expensive in Bocas del Toro?
- What are emergency services like in Bocas del Toro?
- Will I need to travel to see a specialist?
- Are common prescription medications available in Bocas del Toro?
- How are local medical facilities in Bocas del Toro?
- As a foreigner living in Bocas del Toro, will I have access to public healthcare? What is it like?
- What have your experiences during the pandemic with the local healthcare system been like?
Will I save money living in Bocas del Toro?
If you live in Bocas del Toro, newcomers to Bocas del Toro would love to hear your answer to this question.