We live in David, Chiriqui, Panama in a comfortable middle class neighborhood. Now and then, I track expenses and post a cost of living report. Costs to live in Panama vary widely depending on where and how you live. All I can write about are our own experiences.
So, for November 2014 –
|Data plans for 2 tablets||$22.54||$524.45|
|Car insurance (2 cars, monthly)||$50.00||$574.45|
|Gas for cars||$130.07||$1027.17|
|Misc things from DoIt Center||$47.09||$1074.26|
|Bike repair stuff||$3.50||$1077.76|
|Restaurant (a smoothy with a friend)||$3.95||$1081.71|
|2 tires for the Mazda, installed and balanced||$90.42||$1172.13|
I usually forget something, or add something I forgot last month, but I think this gives a pretty good idea of what it cost us in November. Without the new tires, it was $1081.71. As you can see, we generally don’t eat out. We also buy very little imported food, preferring local food for both taste, quality, and cost. We spent quite a bit more than usual on gas for the cars because I filled up my Mazda which isn’t driven much, and Joel made a number of trips to Boquete for rehearsals with his new music duo. No month is exactly like another and there is often a one time thing like the tires, but generally we have been staying in the $1050-1200 range every month for basic expenses.
I am so thankful to be here! Not only is it a wonderful life in this beautiful country with good people, it is well within our means. We definitely couldn’t afford to live like this in the US, but here I feel like we have everything we want and need.
To see other cost of living reports over the last couple years, check THIS LINK where they are all listed.