Summary of The Cost of Living in Bocas del Toro, Panama
• The average monthly cost of living for a single person in Bocas del Toro is $1,826.00 including rent, or $1,176.00 excluding rent.
• The average monthly cost of living for a couple (2 adults) in Bocas del Toro is $2,644.60 including rent, or $1,994.60 excluding rent.
• The average monthly cost of living for a family of four (2 adults + 2 children) in Bocas del Toro is $3,717.60 including rent, or $2,872.60 excluding rent.
• The average yearly cost of living in Bocas del Toro ranges from $21,912.00 for a single person to $31,735.20 for a couple, and $44,611.20 for a family of four, including rent. Excluding rent, the yearly range is $14,112.00 for a single person to $23,935.20 for a couple, and $34,471.20 for a family of four.
• For budget-conscious living in Bocas del Toro, baseline monthly expenses range from $976.00 for a single person to $1,380.70 for a couple, and $1,934.20 for a family of four, including rent. Excluding rent, the range is $576.00 for a single person to $980.70 for a couple, and $1,414.20 for a family of four.
• For comfortable/luxury living in Bocas del Toro, estimated monthly expenses range from $3,330.00 for a single person to $4,835.80 for a couple, and $6,759.80 for a family of four, including rent. Excluding rent, the range is $2,280.00 for a single person to $3,785.80 for a couple, and $5,394.80 for a family of four.
• The average monthly salary for a person in Bocas del Toro is $800.00, which is 32.0% less than the average monthly cost of living and 38.9% more than the budget cost of living for a single person, excluding rent.
Cost of Living Details
| Category | Subcategory | Description | Cost Range (Monthly) |
|---|---|---|---|
| Monthly rent for your primary residence (apartments, houses, condos) | |||
| Monthly electricity bill | |||
| Monthly running water bill | |||
| Monthly broadband internet subscription with unlimited data and cable TV | |||
| Monthly gas and heating expenses | |||
| Monthly mobile phone plan with data and calling | |||
| Monthly food and grocery expenses | |||
| Monthly expenses for basic household supplies and personal hygiene items (toiletries, cleaning supplies, and paper products) | |||
| Monthly transportation costs (public transit, vehicle ownership, or ride-sharing) | |||
| Monthly expenses for movies, coffee, drinks, and social activities (excluding shopping & dining) | |||
| Monthly expenses for clothing, shoes, and accessories | |||
| Monthly health insurance cost | |||
| Monthly prescription medications and pharmacy expenses | |||
| Monthly doctor visits and dental care expenses | |||
| Monthly gym membership | |||
| Monthly expenses for laundry and housekeeping services | |||
| Monthly expenses for food and basic care per pet (grooming, veterinary visits, treats, and medications) | |||
| Monthly childcare and school fees | |||
| Total (selected items only) | |||
Expense Distribution
Salary Info
| Category | Subcategory | Description | Salary Range (Monthly) |
|---|---|---|---|
| Salary | Salary | Monthly salary (full-time) |