| With its strategic location in Central America, with | | | | If you have earned foreign income that is higher than |
| borders that connect North and South America, | | | | Central America, you will definitely have the tendency |
| Panama is one of the most industrialized countries in | | | | to have higher standard of living because your money |
| Central America. It is also developing its economy as | | | | will go far as gods and services are offered at cheap |
| one of the largest ones in the region per capita and | | | | prices. Most retirees and those simply looking for a |
| has the largest consumption in Central America for its | | | | good place to relocate, considers Panama. You can |
| goods and services, not to mention its international | | | | choose beaches and mountain locations and still get |
| presence as a fiercely competitive banking and | | | | the Panama cost of living that is affordable and |
| offshore center. | | | | convenient. At the metropolitan Panama cost of living, it |
| One of the benefits in living in Panama is that it has | | | | is usually higher as you can live more modernized |
| low Panama cost of living compared to other | | | | lifestyle. However, compared to America and other |
| neighboring countries in South and Central America. | | | | industrialized countries with the same modernization |
| You can choose to live their through rentals or through | | | | development, Panama cost of living in the city is still |
| building your own house. Properties are available at | | | | lower. |
| affordable price in your preferred location. One thing | | | | Not only because of low Panama cost of living that |
| that makes property more affordable is that it has tax | | | | Panama is a good place to stay, but it also has |
| incentives when you are a foreigner buying property. | | | | beautiful places where you can relocate to and call |
| Aside form affordable property, below are some of | | | | your new home. One retiree tells a story that while |
| the lists of Panama cost of living: | | | | searching for that ideal piece of real estate to |
| Construction for US style home - 40 dollars per square | | | | purchase, he was impressed by how extremely |
| foot | | | | hospitable all of the people around him were. He gets |
| Labor cost (unskilled) - 6 dollars per day | | | | the information that he needs and started living in |
| Full time maid (live in) - 120 dollars per month | | | | Panama. As a start, he rented an apartment until he |
| Electricity - approx 10 cents per kilowatt | | | | will be able to adjust to the place. Two things make |
| Water bills - 18 dollar per year | | | | him feel at home in Panama - the hospitability of the |
| Cable TV - 30 dollar per month | | | | people and the wonderful places. He lives in cozy |
| Telephone service - approx 30 dollar per month | | | | apartment and can shop around different malls with his |
| Internet access - 40 dollar per month | | | | money. Indeed, Panama cost of living is a mixture of |
| Subsequently, cost of other goods and services are | | | | cheap price but convenient and comfortable. By word |
| also low such as haircut which costs only 2 dollars, | | | | of mouth, Panama is booming with all sorts of |
| beers cost as little as 35 cents, and a cup of coffee is | | | | foreigners investing and relocating in different places in |
| only 30 cents if you know where to go. | | | | Panama. |