Central America Updated
Average Cost of Living in Boquete-Panama
The average cost of living in Boquete-Panama, Panama is $982 per month for a single person, and $2,190 per month for a family of four. A one-bedroom apartment rents for around $725 per month. The local average net salary is $667 per month.
Very affordable
Updated today
Index 22.3 · NYC = 100
Estimated monthly cost
- Single person
- $982 / month
- Family of 4
- $2,190 / mo
- Student
- $572 / mo
Includes rent, food, utilities, transport, and dining out. Excludes healthcare, taxes, and discretionary travel.
Salary that covers life in Boquete-Panama
Adjust the household and see the gap or surplus vs. typical local pay.
Interactive
You need at least
$0 / month
Annual gross (25% tax)
$0
vs. local average net salary
$666.67 / month
On this page 11 sections
| Section | Description |
|---|---|
| Salary calculator for Boquete-Panama | Find out the monthly salary needed for a single, family, or student lifestyle. |
| Rent & Property Prices in Boquete-Panama | Apartment rent and property purchase price per square meter. |
| Grocery Prices in Boquete-Panama | Supermarket prices for staples like bread, milk, produce, and meat. |
| Public Transport & Car Costs in Boquete-Panama | Public transport tickets, taxi fares, fuel, and vehicle prices. |
| Utility & Internet Costs in Boquete-Panama | Monthly electricity, heating, water, mobile, and broadband bills. |
| Childcare & Preschool in Boquete-Panama | Preschool fees and international school tuition. |
| Clothing Prices in Boquete-Panama | Jeans, dresses, running shoes, and leather shoes from chain stores. |
| Gym, Cinema & Leisure in Boquete-Panama | Gym memberships, tennis court rentals, and cinema tickets. |
| Restaurant Prices in Boquete-Panama | Meals at inexpensive and mid-range restaurants, coffee, and soft drinks. |
| Salaries & Mortgages in Boquete-Panama | Average monthly net salary and mortgage interest rates. |
| Boquete-Panama FAQs | Common questions about rent, salaries, food, and transport in Boquete-Panama. |
Rent & Property Prices in Boquete-Panama
Apartment rent and property purchase price per square meter.
| Item | Median | Range (low–high) |
|---|---|---|
| 1 Bedroom Apartment in City Centre | $725 | $600 – $1,000 |
| 1 Bedroom Apartment Outside of City Centre | $700 | $500 – $1,050 |
| 3 Bedroom Apartment in City Centre | $1,567 | $1,200 – $2,000 |
| 3 Bedroom Apartment Outside of City Centre | $1,300 | $1,200 – $1,500 |
| Price per Square Meter to Buy Apartment in City Centre | $1,184 | — |
| Price per Square Meter to Buy Apartment Outside of Centre | $1,163 | — |
- 1 Bedroom Apartment in City Centre $725$600 – $1,000
- 1 Bedroom Apartment Outside of City Centre $700$500 – $1,050
- 3 Bedroom Apartment in City Centre $1,567$1,200 – $2,000
- 3 Bedroom Apartment Outside of City Centre $1,300$1,200 – $1,500
- Price per Square Meter to Buy Apartment in City Centre $1,184
- Price per Square Meter to Buy Apartment Outside of Centre $1,163
Grocery Prices in Boquete-Panama
Supermarket prices for staples like bread, milk, produce, and meat.
| Item | Median | Range (low–high) |
|---|---|---|
| Milk (Regular, 1 Liter) | $1.71 | $1.45 – $2.01 |
| Fresh White Bread (500 g Loaf) | $2.10 | $2.00 – $2.20 |
| White Rice (1 kg) | $1.65 | $1.10 – $2.20 |
| Eggs (12, Large Size) | $2.55 | $1.50 – $3.60 |
| Local Cheese (1 kg) | $8.91 | $5.00 – $9.92 |
| Chicken Fillets (1 kg) | $7.55 | $7.49 – $13 |
| Beef Round or Equivalent Back Leg Red Meat (1 kg) | $15 | — |
| Apples (1 kg) | $4.41 | — |
| Bananas (1 kg) | $1.33 | $1.00 – $2.00 |
| Oranges (1 kg) | $3.20 | $2.00 – $4.41 |
| Tomatoes (1 kg) | $1.60 | $1.00 – $2.20 |
| Potatoes (1 kg) | $2.23 | $2.00 – $2.50 |
| Onions (1 kg) | $1.73 | $1.00 – $2.20 |
| Lettuce (1 Head) | $2.25 | $1.00 – $2.50 |
| Bottled Water (1.5 Liter) | $1.67 | $1.00 – $2.00 |
| Bottle of Wine (Mid-Range) | $8.00 | $7.00 – $14 |
| Domestic Beer (0.5 Liter Bottle) | $1.18 | $0.60 – $1.50 |
| Imported Beer (0.33 Liter Bottle) | $2.67 | $1.10 – $4.00 |
| Cigarettes (Pack of 20, Marlboro) | $5.25 | $5.00 – $5.50 |
- Milk (Regular, 1 Liter) $1.71$1.45 – $2.01
- Fresh White Bread (500 g Loaf) $2.10$2.00 – $2.20
- White Rice (1 kg) $1.65$1.10 – $2.20
- Eggs (12, Large Size) $2.55$1.50 – $3.60
- Local Cheese (1 kg) $8.91$5.00 – $9.92
- Chicken Fillets (1 kg) $7.55$7.49 – $13
- Beef Round or Equivalent Back Leg Red Meat (1 kg) $15
- Apples (1 kg) $4.41
- Bananas (1 kg) $1.33$1.00 – $2.00
- Oranges (1 kg) $3.20$2.00 – $4.41
- Tomatoes (1 kg) $1.60$1.00 – $2.20
- Potatoes (1 kg) $2.23$2.00 – $2.50
- Onions (1 kg) $1.73$1.00 – $2.20
- Lettuce (1 Head) $2.25$1.00 – $2.50
- Bottled Water (1.5 Liter) $1.67$1.00 – $2.00
- Bottle of Wine (Mid-Range) $8.00$7.00 – $14
- Domestic Beer (0.5 Liter Bottle) $1.18$0.60 – $1.50
- Imported Beer (0.33 Liter Bottle) $2.67$1.10 – $4.00
- Cigarettes (Pack of 20, Marlboro) $5.25$5.00 – $5.50
Public Transport & Car Costs in Boquete-Panama
Public transport tickets, taxi fares, fuel, and vehicle prices.
| Item | Median | Range (low–high) |
|---|---|---|
| One-Way Ticket (Local Transport) | $1.38 | $1.00 – $1.75 |
| Monthly Public Transport Pass (Regular Price) | $25 | — |
| Taxi Start (Standard Tariff) | $1.00 | — |
| Taxi 1 km (Standard Tariff) | $2.00 | — |
| Taxi 1 Hour Waiting (Standard Tariff) | $30 | — |
| Gasoline (1 Liter) | $0.94 | $0.87 – $1.23 |
| Volkswagen Golf 1.5 (or Equivalent New Compact Car) | $25,500 | — |
| Toyota Corolla Sedan 1.6 (or Equivalent New Mid-Size Car) | $22,050 | — |
- One-Way Ticket (Local Transport) $1.38$1.00 – $1.75
- Monthly Public Transport Pass (Regular Price) $25
- Taxi Start (Standard Tariff) $1.00
- Taxi 1 km (Standard Tariff) $2.00
- Taxi 1 Hour Waiting (Standard Tariff) $30
- Gasoline (1 Liter) $0.94$0.87 – $1.23
- Volkswagen Golf 1.5 (or Equivalent New Compact Car) $25,500
- Toyota Corolla Sedan 1.6 (or Equivalent New Mid-Size Car) $22,050
Utility & Internet Costs in Boquete-Panama
Monthly electricity, heating, water, mobile, and broadband bills.
| Item | Median | Range (low–high) |
|---|---|---|
| Basic Utilities for 85 m2 Apartment (Electricity, Heating, Cooling, Water, Garbage) | $58 | $45 – $80 |
| Mobile Phone Plan (Monthly, with Calls and 10GB+ Data) | $30 | $23 – $32 |
| Broadband Internet (Unlimited Data, 60 Mbps or Higher) | $43 | $35 – $66 |
- Basic Utilities for 85 m2 Apartment (Electricity, Heating, Cooling, Water, Garbage) $58$45 – $80
- Mobile Phone Plan (Monthly, with Calls and 10GB+ Data) $30$23 – $32
- Broadband Internet (Unlimited Data, 60 Mbps or Higher) $43$35 – $66
Childcare & Preschool in Boquete-Panama
Preschool fees and international school tuition.
| Item | Median | Range (low–high) |
|---|---|---|
| Private Full-Day Preschool or Kindergarten, Monthly Fee per Child | $250 | — |
| International Primary School, Annual Tuition per Child | $6,000 | — |
- Private Full-Day Preschool or Kindergarten, Monthly Fee per Child $250
- International Primary School, Annual Tuition per Child $6,000
Clothing Prices in Boquete-Panama
Jeans, dresses, running shoes, and leather shoes from chain stores.
| Item | Median | Range (low–high) |
|---|---|---|
| Jeans (Levi's 501 or Similar) | $25 | — |
| Summer Dress in a Chain Store (e.g. Zara or H&M) | $25 | — |
| Nike Running Shoes (Mid-Range) | $45 | — |
| Men's Leather Business Shoes | — | — |
- Jeans (Levi's 501 or Similar) $25
- Summer Dress in a Chain Store (e.g. Zara or H&M) $25
- Nike Running Shoes (Mid-Range) $45
- Men's Leather Business Shoes —
Gym, Cinema & Leisure in Boquete-Panama
Gym memberships, tennis court rentals, and cinema tickets.
| Item | Median | Range (low–high) |
|---|---|---|
| Monthly Fitness Club Membership | $82 | $30 – $100 |
| Tennis Court Rental (1 Hour, Weekend) | $18 | $10 – $25 |
| Cinema Ticket (International Release) | $6.50 | $3.00 – $8.50 |
- Monthly Fitness Club Membership $82$30 – $100
- Tennis Court Rental (1 Hour, Weekend) $18$10 – $25
- Cinema Ticket (International Release) $6.50$3.00 – $8.50
Restaurant Prices in Boquete-Panama
Meals at inexpensive and mid-range restaurants, coffee, and soft drinks.
| Item | Median | Range (low–high) |
|---|---|---|
| Meal at an Inexpensive Restaurant | $6.50 | $5.00 – $23 |
| Meal for Two at a Mid-Range Restaurant (Three Courses, Without Drinks) | $40 | $25 – $60 |
| Combo Meal at McDonald's (or Equivalent Fast-Food Meal) | $7.50 | $7.00 – $8.00 |
| Domestic Draft Beer (0.5 Liter) | $2.00 | $1.00 – $4.00 |
| Imported Beer (0.33 Liter Bottle) | $5.00 | $2.00 – $6.00 |
| Cappuccino (Regular Size) | $3.50 | $2.00 – $4.15 |
| Soft Drink (Coca-Cola or Pepsi, 0.33 Liter Bottle) | $1.38 | $1.00 – $2.00 |
| Bottled Water (0.33 Liter) | $1.18 | $0.70 – $2.00 |
- Meal at an Inexpensive Restaurant $6.50$5.00 – $23
- Meal for Two at a Mid-Range Restaurant (Three Courses, Without Drinks) $40$25 – $60
- Combo Meal at McDonald's (or Equivalent Fast-Food Meal) $7.50$7.00 – $8.00
- Domestic Draft Beer (0.5 Liter) $2.00$1.00 – $4.00
- Imported Beer (0.33 Liter Bottle) $5.00$2.00 – $6.00
- Cappuccino (Regular Size) $3.50$2.00 – $4.15
- Soft Drink (Coca-Cola or Pepsi, 0.33 Liter Bottle) $1.38$1.00 – $2.00
- Bottled Water (0.33 Liter) $1.18$0.70 – $2.00
Salaries & Mortgages in Boquete-Panama
Average monthly net salary and mortgage interest rates.
| Item | Median | Range (low–high) |
|---|---|---|
| Average Monthly Net Salary (After Tax) | $667 | — |
| Annual Mortgage Interest Rate (20-Year Fixed, in %) | 6.50% | — |
- Average Monthly Net Salary (After Tax) $667
- Annual Mortgage Interest Rate (20-Year Fixed, in %) 6.50%
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Frequently asked questions
- How much does it cost to live in Boquete-Panama?
- An estimated $982 per month covers rent, food, utilities, and transport for one person in Boquete-Panama. A family of four needs around $2,190 per month, while students living shared accommodation manage on roughly $572.
- How much money do I need to live in Boquete-Panama?
- Plan for at least $982 per month as a single person, $2,190 per month for a family of four, or $572 per month as a student in shared accommodation. Add 15–25% on top for taxes, savings, and discretionary spending — that's the salary you should be targeting before relocating to Boquete-Panama.
- What is the average rent in Boquete-Panama?
- A one-bedroom apartment in Boquete-Panama rents for around $725 per month, with three-bedroom apartments in the city centre around $1,567 per month. Prices vary depending on neighbourhood, building age, and furnishings.
- What is the average salary in Boquete-Panama?
- The average monthly net salary in Boquete-Panama is around $667. Whether that's enough to live comfortably depends on housing choice — rent typically claims 109% of a single-person paycheck.
- How much does food cost in Boquete-Panama?
- A meal at an inexpensive restaurant in Boquete-Panama costs around $6.50. Cooking at home, a single person spends roughly $59 per month on groceries. Staples like milk ($1.71/L) and bread ($2.10/500g) are typical.
- What is public transport like in Boquete-Panama?
- A monthly public transport pass in Boquete-Panama costs around $25. Cities with extensive metro and bus networks generally let residents skip car ownership entirely, particularly when commuting from areas outside the city centre.
- Is the internet expensive in Boquete-Panama?
- Unlimited broadband at 60 Mbps or higher in Boquete-Panama costs around $43 per month — useful context for remote workers comparing locations.