Cost of living in Penonome
Penonome, a vibrant city in Panama, offers a unique blend of cultural heritage 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 the expenses you can expect, from dining and groceries to transportation and housing, helping you make informed financial decisions.
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
- 1-Bedroom Apartment Rent (City Centre) - Data not provided.
- 1-Bedroom Apartment Rent (Outside Centre) - Data not provided.
- 3-Bedroom Apartment Rent (City Centre) - Data not provided.
- 3-Bedroom Apartment Rent (Outside Centre) - Data not provided.
- Buying Price per Square Meter (City Centre) - Data not provided.
- Buying Price per Square Meter (Outside Centre) - Data not provided.
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"
Penonome offers a relatively affordable cost of living compared to larger cities, with moderate prices for dining and groceries.
Transportation costs are reasonable, especially for fuel, making it easier for residents to commute.
Utilities and internet services are competitively priced, contributing to overall manageable monthly expenses.
Conclusion
In conclusion, Penonome presents a balanced cost of living, making it an attractive option for those seeking a blend of affordability and quality of life.
While housing data is limited, the available information suggests that other living expenses are manageable, providing a comfortable lifestyle for residents.