Cost of living in Bocas del Toro

Bocas del Toro, a picturesque archipelago in Panama, is known for its stunning beaches and vibrant culture. Understanding the cost of living here is crucial for anyone considering a move or extended stay.This guide provides a detailed breakdown of expenses, from dining and groceries to housing and utilities, helping you plan your budget effectively.

Cost of Living Summary

Dining and Restaurants
  • Inexpensive Restaurant MealA meal at a casual restaurant will typically cost $12 on average.
  • Mid-Range Restaurant (Three-Course Meal for Two)For a more upscale dining experience, expect to pay around $60.
  • Fast Food (e.g., McDonald's)A McMeal or equivalent combo meal averages $10.
  • Beverages (e.g., Domestic Beer, Imported Beer, Cappuccino, Coke/Pepsi)Domestic beer costs $2, imported beer $5, cappuccino $4, and Coke/Pepsi $2.5.
Grocery Prices
  • Eggs (Dozen)A dozen eggs average $2.75.
  • Local Cheese (1kg)Local cheese is priced at $17 per kg.
  • Water (1.5 liter bottle)A 1.5 liter bottle of water costs $1.5.
  • Fruits (e.g., Apples, Bananas)Apples cost $9.92 per kg, while bananas are $1.5 per kg.
  • Vegetables (e.g., Tomatoes)Tomatoes are priced at $4.96 per kg.
Transportation

We currently don't have enoughTransportation data available for Bocas del Toro

    Housing Costs
    • 1-Bedroom Apartment Rent (City Centre)Rent for a 1-bedroom apartment in the city centre averages $750.
    • 1-Bedroom Apartment Rent (Outside Centre)Outside the centre, rent averages $900.
    • 3-Bedroom Apartment Rent (City Centre)Rent for a 3-bedroom apartment in the city centre averages $1200.
    • 3-Bedroom Apartment Rent (Outside Centre)Outside the centre, rent averages $1200.
    Utilities
    • InternetInternet services average $35.
    • Mobile Phone PlanA mobile phone plan with calls and 10GB+ data costs $30.

    Cost of Living Data

    The following pricing data has been gathered from 1 user contributions, as of the most recent update in September, 2024.
    Restaurants
    Avg / Range
    Meal, Inexpensive Restaurant
    $12.00
    Meal for 2 People, Mid-range Restaurant, Three-course
    $60.00
    McMeal at McDonalds (or Equivalent Combo Meal)
    $10.00
    Domestic Beer (0.5 liter draught)
    $2.00
    Imported Beer (0.33 liter bottle)
    $5.00
    Coke/Pepsi (0.33 liter bottle)
    $2.50
    Water (0.33 liter bottle)
    $2.00
    Cappuccino (regular)
    $4.00
    Markets
    Avg / Range
    Eggs (regular) (12)
    $2.75
    Local Cheese (1kg)
    $17.00
    Water (1.5 liter bottle)
    $1.50
    Apples (1kg)
    $9.92
    Tomato (1kg)
    $4.96
    Banana (1kg)
    $1.50
    Rent Per Month
    Avg / Range
    Apartment (1 bedroom) in City Centre
    $750.00
    Apartment (1 bedroom) Outside of Centre
    $900.00
    Apartment (3 bedrooms) in City Centre
    $1,200.00
    Apartment (3 bedrooms) Outside of Centre
    $1,200.00
    Utilities (Monthly)
    Avg / Range
    Internet (60 Mbps or More, Unlimited Data, Cable/ADSL)
    $35.00
    Mobile Phone Monthly Plan with Calls and 10GB+ Data
    $30.00
    Salaries And Financing
    Avg / Range
    Average Monthly Net Salary (After Tax)
    $700.00
    Worldwide
    Panama

    Cost of Living Rankings

    The cost of living indices for Panama are compared to New York City (NYC), which serves as the baseline with an index of 100. These provide insights into the relative cost of living in different cities in Panama, covering factors like consumer goods, rent, and purchasing power.
    Highest to LowestUpdated: Oct, 2025
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