The cost of living in Panama varies greatly, as does possible lifestyles. There are stunning million-dollar residences and there are two-bedroom condos in Chiriqui that go for $480 a month, furnished. Most expats who come to Panama end up somewhere in the middle.

In this guide, we’ll take you through a comprehensive tour of the cost of living in Panama. We will start with a breakdown of the various areas of Panama, as this will affect your cost of living greatly. Then we’ll dive into budgetary items that tend to be more set, such as transportation and entertainment.