List your Property

Free Tropical Toolkit

Free 44 Page Report: Where to Live Abroad - Your First Steps

Quickly find out which country is right for you.
No-hype updates & resource guides. No Spam. Ever.
Limited offer. Instant Download.

Join More than 34,163 people who are breaking free


Here Is the Cheapest Place to Live in Latin America…and It’s Not Ecuador

By in Investment, Lifestyle, Mystica, Panama on April 10, 2013
Panama City

Panama City ranks as the cheapest place to live in Latin America.

A global study of the cost of living published by the EIU ranks the most expensive and cheapest cities in the world. While Tokyo continues to hold the top spot for the priciest places to live in; Panama City, Panama placed 8th among the world’s cheapest places to live.

The Global Survey Cost of Living, published twice a year by the EIU, compares hundreds of prices on 160 common products and services, such as food, drink, rent, utilities, education costs, and household items.

The 10 cheapest cities in the world

1. Karachi, Pakistan
2. Mumbai, India
3. New Delhi, India
4. Kathmandu, Nepal
5. Algiers, Algeria
6. Bucharest, Romania
7. Colombo, Sri Lanka
8. Panama City, Panama
9. Jeddah, Saudi Arabia
10. Tehran, Iran

Top 10 most expensive cities

1. Tokyo, Japan (up one place)
2. Osaka, Japan (up one place)
3. Sydney, Australia (up four places)
4. Oslo, Norway (up one place)
5. Melbourne, Australia (up four places)
6. Singapore (up three places)
7. Zurich, Switzerland (down six places)
8. Paris, France (down two places)
9. Caracas, Venezuela (up 25 places)
10. Geneva, Switzerland (down seven places)

The Economist Intelligence Unit’s Worldwide Cost of Living survey is a full service that enables human resources line managers and expatriate executives to compare the cost of living in 140 cities in 93 countries and calculate fair compensation policies for relocating employees.

Up Next

Best Place to Live in the World: Power Rankings

The best place to live in the world? Our Power Rankings report will shed some light on how the Latin Tropics stack up against the competition. (Read It)

Central America's Best Real Estate Buy

Don't miss this up and commer. It has the tropical lifestyle, stunning beauty, and smokin appreciation potential. (Read It)

Start Using Your IRA to Invest Overseas

Disappointed in your IRAs past performance? Find out how you can invest in real estate to improve your returns and better your retirement prospects. (Read It)
best-mountain-towns-03

6 of the Best Mountain Towns in Ecuador

The highlands of Ecuador are pulling many expats to the region, thanks to their mild climate and rich cultural offerings. Whether you want big city amenities, natural beauty, or historic ambiance, these towns have it …

(Read It)
costa-rica-economy-05

Costa Rica Economy: Still a Great Bet for Expats

For over 25 years, the Costa Rica economy has been one of the major development success stories in Latin America. This steady economic expansion has directly benefited expats and investors looking to find a tropical escape …

(Read It)
retire-to-belize-04

Your Time to Retire to Belize Is Now!

Although you may have thought that retirement was still a long way off, the time to retire to Belize is now.  The Belizean government has a program in place that could let you move to this …

(Read It)
retire-in-ecuador-02

The Most Compelling Reasons You Need to Retire in Ecuador

For baby boomers and others looking for new options for retirement destinations, Ecuador is attracting a lot of interest. There are many reasons to retire in Ecuador that merit serious consideration. Although often overshadowed by other …

(Read It)
costa rica retirement

Can You Afford to Retire to Costa Rica? The Shocking Truth

For many expats, the idea of a Costa Rica retirement seems like a dream. However, making that dream a reality is actually easier than ever before. With beautiful beaches, well established communities of expats, and one …

(Read It)
Viva-Tropical-temp-1400x1400

Podcast – Mayan Insights and Cracking their Calendar Code

Maya scholar Dave Schaefer drops by to discuss the Mayan calendar and the Mayan creation book Popol Vuh. He speaks about his favorite ruins and how he got started studying Mayan hieroglyphs in Guatemala. Dave and Josh also talk about …

(Read It)

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

Hot Real Estate Offer

Real Estate In The Area

La Barqueta
Panama
There’s not too many times in life an opportunity comes along to own titled beachfront property in your own name on the Pacific Ocean at a price so affordable. ...
Lots/Land
Property for Sale
Land Size:1,000 acres
$58,900
Majagual
Panama
What the property includes: This 3 bedroom, 2 bath home sits on a large (.75 acre) lot complete with numerous mature fruit trees, including mango, cashew, av...
Single Family Home
Property for Sale
3 beds
2 bath
Land Size:1 acres
$169,000
Colon
Panama
When seeking out property for resort development in Latin America, it's hard to come across a property that has everything ready made for success - access - inf...
Lots/Land
Property for Sale
Land Size:31 acres
$1,300,000
See All Listings In The Area
List your Property How Listing Works
Free Tropical Toolkit
Free 44 Page Report: Where to Live Abroad - Your First Steps
  • Quickly find out which country is right for you.
  • No-hype updates & resource guides. No Spam. Ever.
  • Limited Offer. Instant Download.
*We value your privacy. No spam. Period.