2005 - Cost Living in Panama

 Below is the transcription for cost of goods in Panama. A common question we are asked by our clients is how much does it cost to live in Panama. Is it possible for a person to live in Panama with an income of $12.000.00 to $24,000 US per year ?
 
 The following information is a contribution from our clients who live or have visited Panama in the last year.
 
 - Milk (gallon)- $2.75
 - Bacon (1/2 lb)-$1.55
 - Ice Cream (Premium-1 pint)-$1.45
 - Filete (whole-aged)-$2.50 a pound
 - Cafe Ruiz (1/2 lb premium)-$2.00
 - Bread (sandwich)-$.75
 - Paper towels-$1.25
 - Laundry detergent (1250grams)-$2.16
 - Cigarettes (1 pack)-$1.30
 - Garbage bags (large heavyweight)-$1.45
 - Rice (25 lbs premium)-$6.39
 - Eggs-$.10 each
 - Ham (sliced sandwich type-1 lb)-$2.10
 - Ladies linen shirt-$12.99
 - Soda (12 pack generic)-$2.99
 - Corn oil (96oz)-$3.95
 - Disposable camera (no flash)-$8.95
 - Photo album (1 per page-96 pages)-$.99
 - Reading glasses-$1.99
 - L'Oreal Hair color-$5.75
 - Socks (really nice fat ones)-$2.25
 - Flip-flops-$.99
 - Pants (stretch chinos)-$3.00
 - Shirt (cotton spandex dressy)-$2.50
 - Drinking glasses-$1.00 for 3
 - Assorted spices-$.99 each
 - Westinghouse Gas range (6 burner with broiler and rotisere)-$350.00
 - Velour blanket (double thick)-$25.00
 - Cloth hammock-$13.00
 - Energizer AA batteries (24 pack)-$9.99
 - Peanut M&Ms (large bag)-$3.99
 - Lottery ticket (billete)-$1.00
 - Lottery ticket (chance)-$.25
 - Taxi from Volcan to Paso Ancho-$2.00
 - New Automobile $12,000 to $16,000
 - Live-in House keeper $250 to $300 per month
 - Condos $80,000 to 400,000 to 1 and 2 bedrooms depending on the location and amenities.