The Cost of Living in Panama can be much lower than other countries. But that doesn’t mean that it’s free or even that everything costs less.
Use our guide to better understand the Cost of Living in Panama
Panama Cost of Living Basics
Most folks fall into one of two categories when first wondering about cost of living in Panama. Either they imagine that everything costs less but since it’s a dirt poor, third world country, it should cost less. Or they imagine that it’s like a little Miami where everything costs less.
Neither is true. It’s not a “little Miami” and everything does not cost less.
But many people are finding that the dollars needed for their lifestyle are much less in Panama than back home.
Stories from Panama Expats About the Real Cost of Living
Meet some folks who have taken that next step and purchased their property in Panama. Learn from their mistakes and share their journey.