The Cost of Living in Panama City, Panama

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This topic contains 5 replies, has 3 voices, and was last updated by  Don Hank 1 month ago.

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  • #10395
    Profile photo of Ines
    Ines
    Member

    An important factor to keep in mind when deciding to live in Panama is the cost of living there, although this should, of course, only be one factor a
    [See the full post at: http://www.retireworldwide.com/retirement-communities/panama/panama-city/the-cost-of-living-in-panama-city-panama/]

  • #10396

    Don Hank

    Yestereday I paid all of $8.50 for a doctor’s consultation in Brisas del Golf, here in the outskirts of Panama City. There really are bargains here.

  • #10397

    Joseph

    I think you should also list items that are much more expensive, like electronics and autos. Expect to pay much more!

  • #10398
    Profile photo of Joseph Skinkis
    Joseph Skinkis
    Participant

    You are right, electronics and autos are more expensive here.

  • #10399
    Profile photo of Ines
    Ines
    Member

    Dear Joseph and Joseph,
    thank you very much for your comments. You are absolutely right: There are some items that are more expensive in Panama than back at home (whether this is North America or Northern Europe), such as new cars (in my opinion you can buy used ones for a pretty good price here) or electronics. Gasoline and electricity are not overly cheap in Panama either. However, there are many things that are way cheaper than in other countries, and the cost of living in Panama City is quite low (of course always depending on what you consume). The Economist has rated Panama City the sixth cheapest city to live in (by comparing prices of more than 400 goods and services, such as food, drink, clothing, household supplies and personal care items, home rents, transport, utility bills, and domestic help). Click here to read more about the survey. Thanks again for your feedback!

  • #10400
    Profile photo of Ines
    Ines
    Member

    Dear Don Hank, thank you very much for your comment. I have also found out that consultations are even cheaper outside of the city. Good tip! Thanks

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