How does the cost of living in Panama compare with other countries?
Panama’s cost of living is much lower than in the US, Canada or Europe. Many foreigners residing in Panama have found that their living expenses are reduced, and they can afford to enjoy the lifestyle they want at much lower prices than in their countries of origin and still have money left over. In Panama, they can afford to have a full-time live-in maid for approximately $150 – $200 per month, enjoy fine dining at first-class restaurants and entertainment, all at a fraction of what they would cost in other countries.
