How Much Does it Cost to Live in Panama?
An important factor that determines the cost of living for foreigners in Panama is their lifestyle. If you are used to a wealthy lifestyle, you will spend more than someone accustomed to living frugally. Panama is not dirt cheap but it is affordable. Despite having one of the highest standards of living in Latin America, purchasing power is greater in Panama than in the United States or Canada. The country is really a bargain compared to most places. The cost of living is reasonable and is much less than in the United States, Canada or Europe. Foreign residents will find their daily expenses to be significantly less than in first world countries. We will explain the things that make this statement true. In most areas housing costs less than what it does in the U. S. and hired help is a steal. A full-time maid will run under $200 monthly, a movie will cost under $4, a gardner will cost $10 a day and a good restaurant meal will cost under $25. Recently, we had lunch at an all-you-can eat
