MONTHLY EXPENSE
(In US Dollars) |
PANAMA * |
Residence (House or Condo)
• 3 Bedroom
• 2,000 Square Feet |
Investment - $ 200,000
Rent - $ 1,500.00 |
FIX COST |
Electricity |
$175 |
Water (Very Safe to Drink The Best in Latin America ) |
$20 |
Phone (Includes Monthly Fee and Estimate Usage) |
$50 |
Live-In Maid (If you can afford Highly Recommended) |
$150 |
Cell Phone |
$ 50 |
Condo Maintenance Fee |
$ 200 |
Internet Services (Residential) |
$ 30 |
Cable Service |
$ 50 |
Gasoline ($2.35 Per Gallon Estimate) |
$ 50 |
Groceries (Monthly for Family of 4) |
$ 500 |
Fire Insurance (Building & Content) |
$ 50 |
Health Insurance (Basic Coverage for Family) |
$ 150 |
Car Insurance (Based on a $ 30,000 Auto) |
$ 100 |
Gas (Cooking & Water Heater) Note: Some Condos include it on the Maintenance Fee |
$ 30 |
OTHER REFERENCE COST |
Mortgage Interest Rates (Usually about 2 point higher than US Very good for Latin-American Standards) |
%6- %8 |
Property Tax (Yearly)
• Land
• Betterments |
From 0% to 2%
From 0% to 2%
|
Taxis within Panama City |
$1.50 |
Sales Tax |
5% |
Dinner at Fancy Restaurant (For Two with Wine) |
$ 60 |
Movie Theater |
$ 3.50 |
Bottle of Wine (Plenty of Variety) Mayor Re-Export Business from the Colon Free Zone |
$ 8 |
Schools |
$ 6,000 Capital Donation
$ 6,000 - $8,280 Tuition |
Gymnasium Monthly |
$ 65 |
Dentist |
$ 35 |
Doctors Appointment |
$ 40 |
