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)
puerto armuelles

Expat Interview: Why You Should Invest in Puerto Armuelles, Panama

Debbie Fishell knows what it’s like to travel internationally, take up a new residence abroad and invest in offshore real estate. She recently sat down with Viva Tropical to chat about why now is the right …

(Read It)
Golfito Costa Rica

Golfito, Costa Rica – Undiscovered Opportunities Await

Golfito, Costa Rica, in the rapidly growing Southern Zone, promises to be an area where undiscovered opportunities await both expats and investors. Golfito’s future and potential hold a promise far different from the days when …

(Read It)
buy-an-island-in-ecuador-01

Buy an Island in Ecuador?

Many expats and investors are looking at Latin America with renewed interest as the potential for finding available land at reasonable prices has returned. Finding different and exciting options, like the Ecuador Islands, can provide …

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

Podcast – The Central America Real Estate Show Vol. 3: All About Nicaragua

On this episode we discuss Nicaragua and all its awesome potential. Barry Oliver, a real estate professional, has over 10 years of experience in the country and his knowledge will make a difference if you …

(Read It)
nicoya-costa-rica-01

Living the Pure Life in Nicoya, Costa Rica

Blue Zones, those special places on earth where people live longer and healthier lives, first came to prominence in the ground-breaking book by Dan Buettner, Blue Zones.  Nicoya, Costa Rica is one of those unique locations where lifestyle, …

(Read It)
sanctuary-belize-03

Expat Opportunities and Green Living in Sanctuary Belize

Nestled between Mexico and Guatemala, the unique blend of eco-lifestyles, adventures on land and sea, and Mayan ruins can best be described as Sanctuary Belize. With a rich history and dynamic future, Belize offers a …

(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>

From Our Development

Real Estate In The Area

Panamá
Panama
Renovated 2 story furnished home in Gamboa. 235m2 construction, 395 m2 land. The top floor of lovely home contains 3 bedrooms, a full bathroom with a full bath ...
Single Family Home
Property for Sale
4 beds
2 bath
Land Size:0 acres
$295,000
295,000
USD
Single Family Home
Property for Sale
Panamá, Panama Latitude: 8.997297
Longitude: -79.591202
Potrerillos Abajo
Panama
Canadian, Owner/ builder New construction, 1400 sq. ft. home, 2 bdrm., 2 1/2 bath with 400 sq. ft. of covered deck area, 100 sq. ft. of open deck area. Wood ...
Single Family Home
Property for Sale
2 beds
2.5 bath
Land Size:1 acres
Building Size:1,600 sq.ft.
$199,000
199,000
USD
Single Family Home
Property for Sale
Potrerillos Abajo, Panama Latitude: 8.650000
Longitude: -82.480003
Boca Chica
Panama
If you're looking for a perfect blank canvas where you can paint your dream fishing and diving lodge, look no further than Isla Iglesia Mayor just off the coast...
Islands
Property for Sale
Land Size:11 acres
$1,500,000
1,500,000
USD
Islands
Property for Sale
Boca Chica, Panama Latitude: 8.187024
Longitude: -82.200394
See All Listings In The Area
List your Property How Listing Works