Cost of living in Panama in 2022

Cheryl

Moderator

Member since 15 October 2018

Port Louis, Port Louis

Cheryl

23 March 2022 10:56:18

10570

Cheryl

23 March 2022 10:56:18

10570

Port Louis, Port Louis

Hi everyone,

Two years after the start of the pandemic, it is time to take stock of the evolution of the cost of living in Panama or more specifically, in the region where you live. The idea is to help people get ready for their expatriation to Panama to plan their day-to-day budget for some key expenses.

If you are a tenant, what is your monthly rent? Please give details of the type of property you are in.

How much are your monthly charges (water, electricity, common area maintenance charges, etc.) and additional expenses (mobile phone and/or internet box subscriptions)?

How much do you spend on commuting (by public transport or using your car) each month?

How much does your grocery shopping cost in Panama?

How much do you spend on health care (health insurance, consultations, etc.)?

How much are your children's school fees, depending on the type of school they attend?

What about your budget for leisure activities?

Do not hesitate to indicate other everyday costs if they could be useful to others.

Thank you for your contribution

Cheryl
Expat.com team

Kolse

New member

Member since 02 November 2021

Kolse

20 April 2022 19:00:39

Kolse

20 April 2022 19:00:39

Food prices are really high now in Panama City

I was shocked when shopping at El Rey,

In January a box of strawberries was $7.50, already a high price

By mid March the same box was $10.50 !!!

I´ve been trying to find a farmer´s Market in Panama City but was told that

the only one was moved to a location outside the city

There are small produce vendors in the downtown area but prices are more

or less the same as in the supermarket chains

Cheryl

Moderator

Member since 15 October 2018

Port Louis, Port Louis

Cheryl

26 April 2022 13:08:08

10570

Cheryl

26 April 2022 13:08:08

10570

Port Louis, Port Louis

Hello Kolse,

Thank you for your message.

Cheers,

Cheryl

Expat.com team

momcushman88

Member

Member since 21 June 2022

momcushman88

21 June 2022 01:29:56

momcushman88

21 June 2022 01:29:56

I live in a Panamanian community in Dolega. I see rent prices and cost for homes going higher in Boquete and David. The main increase for me is gas price; I will take the bus more often to go to the store when needed. I purchase my bulk staples from PriceSmart (laundry, paper products, beef and pork) and most items have increased.

I purchase my fruits and vegetables from a local stand very close to my house and basics like milk, eggs, rice, and beans from the local Chino (both are 5 minute walk from my house). The average cost at both places has gone up about 3% - 4%.

I am fortunate that I bought property last year before real estate prices started increasing. This allows me now the opportunity to grow some of my own garden items, more fruit trees are being planted and I will be purchasing chickens in the next couple months. As prices increase, I will become more self sufficient.

Cost of living definitely dependent on the area that you are wanting or willing to live.

Tim Montana

New member

Member since 12 September 2022

Tim Montana

15 September 2022 19:27:03

Tim Montana

15 September 2022 19:27:03

@Cheryl Hi Cheryl, my name is Tim, how long have you lived in Panama?, I live in Michigian, love to hear from you!!!

Bhavna

Team

Member since 01 June 2015

Quatre Bornes, Plaines Wilhems

Bhavna

16 September 2022 06:41:50

36908

Bhavna

16 September 2022 06:41:50

36908

Quatre Bornes, Plaines Wilhems

Hello everyone,

@ Tim Montana, Cheryl is an Expat.com Team member, here to guide members on the forum.

Feel free to start your own topic if you need any info on Panama : Panama forum.

Members will surely provide some feedback.

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To those who have provided some valuable feedback on cost of living thank you very much.

I invite members to continue sharing about their day to day life experience on cost of living (accommodation, grocery, health, school fees etc). It will help those who are not yet in Panama and considering to move there.

Have a nice day,

Bhavna

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