Panama Cost­of­Living­ A comparison.

Everyone is trying to cut down on the cost of living from the mortgage to the cost of food andleisure. Panama is praised for one thing. Panama cost of living is relatively lower as comparedto a number of other destinations in the world. This is however relative to the lifestyle you wantto lead with the lavish ones likely to spend more. For those in search of a comfortable living anddecent basic lifestyles, you are likely to spend half the amount you would spend in the US orUK.

Expatriates estimate that you will comfortably live on between $1000 and $1200 per month ifyou are not after any kind of an extravagant life. Further more, a large population of thePanamanians spend far much less than this for the same period. However, the cost of living isgradually increasing due to the vast numbers of British and American expatriates who aremoving to Panama for retirement and investment.

For instance, for only $5, you will get a nice meal for one person. In a more expensiverestaurant, for only $25, you will get a 3 course meal. A meal in the fast food restaurant will costslightly less than they do in the UK or US. For only $1.90, you will get an imported beer andother types of alcohol or soft drink. For a 330ml of branded soft drink, you will pay $0.80. Foronly $5, you can get a bottle of wine of medium quality. Cigarettes are even cheaper with apacket going for less than $2, this is one third of what they would cost in the United States.

Transport around the city is relatively cheaper too. You will pay approximately $2 for taxi forabout 5km ride. A monthly ticket for the local bus services sets you back just around $12, ascompared to the US where this would just be for a week. You will be surprised that the cost ofthe cars are just like in the US and UK despite them being imported.

It is estimated that for just $200, you will be able to offset the bills of water, electricity, refusecollection and bottled gas. As for the cost of mobile phones, internet connection and landlines,they are the same as those in the UK. To rent a small apartment, you will pay between $100

and $300 if you live outside the city. Within the city center, you will part with approximately$900. For the same price, you can also get large apartments of approximately 3 bedroomsoutside the city. However, in the more revered places, you will pay about $1500, all rates permonth. This indicates that the rent in the city is much lower than those in other places such asUS and UK. There is a variety of Panama real estates for sale from as low as $50000.

Just like in the US and UK, the cost of leisure is high. For instance, a monthly workout at thegym would cost $40. However, the tickets to the cinema are relatively cheaper and they go foras low as $3.50. Since clothes and shoes are imported, they will cost relatively higher than inUS and UK. A pair of shoes can cost you between $35 and $50.

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