Cost of living in Montijo
Montijo, a charming locale in Panama, offers a unique blend of cultural richness and modern amenities. Understanding the cost of living here is crucial for anyone considering relocation or planning an extended stay.
This guide provides a detailed breakdown of expenses in Montijo, covering essential categories such as dining, groceries, transportation, housing, and utilities.
Cost of Living Summary
Dining and Restaurants
- Inexpensive Restaurant Meal - A meal at a casual restaurant will typically cost $12.75 on average, with a range between $5 and $20.
- Mid-Range Restaurant (Three-Course Meal for Two) - For a more upscale dining experience, expect to pay around $60, with prices ranging from $40 to $86.87.
- Fast Food (e.g., McDonald's) - A McMeal or equivalent combo meal averages $8, with a range between $7 and $9.5.
- Beverages (e.g., Domestic Beer, Imported Beer, Cappuccino, Coke/Pepsi) - Domestic beer ranges from $1.5 to $4, imported beer $3 to $6, cappuccino $2 to $5, and Coke/Pepsi $1 to $3.
Grocery Prices
- Milk - Milk is priced between $1.49 and $2 per liter, averaging $1.8.
- Bread (Loaf of Fresh White Bread) - A loaf of fresh white bread costs between $1.1 and $3.97, with an average price of $2.51.
- Eggs (Dozen) - A dozen eggs range from $1.2 to $3.6, averaging $2.65.
- Fruits (e.g., Apples, Oranges) - Apples cost $1.5 to $5 per kg, while oranges range from $1 to $6.5 per kg.
- Vegetables (e.g., Potatoes, Lettuce) - Potatoes are priced between $1 and $3 per kg, and lettuce costs $1.25 to $3.49 per head.
Transportation
- Fuel (Gasoline) - Gasoline is priced between $0.88 and $1.2 per liter.
- Taxi Fares - Taxi fares start at $2, with a cost of $1 to $4 per km and $14 to $25 per hour of waiting.
- Car Purchase - A new Volkswagen Golf costs between $15,000 and $20,000, while a Toyota Corolla ranges from $20,000 to $25,000.
Housing Costs
- Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child - The cost for private preschool ranges from $330 to $800 monthly, averaging $490.71.
- International Primary School, Yearly for 1 Child - Yearly fees for international primary schools range from $8,000 to $14,400, averaging $11,233.33.
Utilities
- Basic Utilities (Electricity, Heating, Water, etc.) - Basic utilities for an 85m2 apartment cost between $80 and $212.5, averaging $123.04.
- Internet - Internet services range from $40 to $78, with an average cost of $50.86.
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.
Cost of Living Data
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Salaries And Financing
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"Key Takeaways"
Montijo offers a relatively affordable cost of living compared to many urban centers, with reasonable prices for dining and groceries.
Transportation costs are moderate, with affordable fuel prices and taxi fares.
Utilities and internet services are competitively priced, making Montijo a cost-effective choice for both short-term and long-term stays.
Conclusion
In conclusion, Montijo presents a balanced cost of living, making it an attractive option for individuals and families seeking a blend of affordability and quality of life.
Whether you're planning to move or just visit, understanding these costs can help you budget effectively and enjoy all that Montijo has to offer.