Real Cost of living in Panama City
What does your actual monthly expenses look like in Panama City?
I (33F) am from USA and will be traveling to Panama for the first time next month. My goal is to explore as much as possible and assess whether to retire there in the near future. I’m planning to leave the workforce in 2 years. I’ve heard only great things about Panama City.
Here are a few factors I am considering:
- 3-bedroom apartment in a safe/upper middle class/rich area like Obarrio, costa de este and Marbella for 4 people including 2 kids
- won’t buy a car. I’ll use uber/public transportation 90% of the time and car rental maybe 10% of the time.
- kids will be homeschooled first, but I’ll be open to private schools later if they are good
What do you spend per month on the following:
Rent
Groceries
Take outs
Transportation
Entertainment
Health insurance
Local travels/vacation
Kids education
Internet/water
House maid if you have any
Do you just live off your portfolio income or do you also work in Panama?
Thank you very much for your help.