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What does it actually cost to live in Pedasi?

By in Areas with 0 Comments

Pedasi tops the list of popular retirement destinations and the cost of living is right up there for one of the reasons why.

Living in Pedasi will allow you to enjoy a great lifestyle for a cost of living that is vastly lower than what you’d find in the United States or Europe. Giving an accurate estimation of what you’d need to budget for a couple (retiree or otherwise) is difficult, as this very much depends on the kind of lifestyle you want to have.

The great thing about Pedasi is the mix of options for all budgets: there are a number local eateries where full course meals run as cheap as $4. At the other end of the scale, you’ll also find a variety of restaurants serving American gourmet and European cuisine where dinner goes for $10 – $25 a head. Overall, prices in Pedasi are fairly low, especially in comparison to other cities in Panama, and it is safe to say that a couple can live comfortably in Pedasi for about $1,500 to $2,000 per month.

  • Maid/Housekeeper (per month, depending on amount of work) – $15
  • Gardener (per month) – $15
  • Dozen eggs – around $1.80
  • Bottle national beer – $0.40
  • Bread (per pound) – $1.30
  • Fresh fish (per pound) – $2 – $3
  • Fresh pineapple – $1
  • Fresh avocado – $0.80
  • Meal at simple, local restaurant – $5
  • Lunch or dinner at international restaurant – $15 – $30
  • Electricity (per month) – $60 – $100
  • Water (per month) – $10 – $20
  • Telephone (per month, includes internet/cable TV) – around $50
  • Full-coverage car insurance – $30 – $35
  • Doctor’s visit (at local clinic) – approx. $5 – $10
  • Health Insurance (per month) – $75 – $200
  • Garbage pickup (cost per year) – $15
  • ESTIMATED TOTAL PER MONTH FOR A COUPLE – $1,500
About The Author

Kent Davis, founder and Managing Director at Panama Equity real estate, has been widely quoted in publications such as Wall Street Journal, Time Magazine, The Miami Herald and the Financial Times for his unabashed views on the Panama real estate market. Panama Equity is regarded as one of the most active real estate agencies in Panama and Kent’s articles, reports, and market research projects have been syndicated by press agencies including Bloomberg and the Associated Press.   Connect with the Author via: Email | LinkedIn | Facebook | Google+

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