Cost of living in San Miguelito
San Miguelito, located in Panama, offers a unique blend of urban and suburban living. Understanding the cost of living here is crucial for anyone considering a move or planning to budget effectively.
This guide provides a detailed breakdown of expenses in San Miguelito, covering everything from dining and groceries to housing and transportation.
Cost of Living Summary
Dining and Restaurants
- Inexpensive Restaurant Meal - A meal at a casual restaurant will typically cost $11.5 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 $10.
- Beverages (e.g., Domestic Beer, Imported Beer, Cappuccino, Coke/Pepsi) - Domestic beer ranges from $1.6 to $4, imported beer $2.5 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) - Rent for a 1-bedroom apartment in the city centre averages $250.
- 1-Bedroom Apartment Rent (Outside Centre) - Outside the centre, rent averages $250.
- 3-Bedroom Apartment Rent (Outside Centre) - Rent for a 3-bedroom apartment outside the centre averages $300.
Utilities
- Basic Utilities (Electricity, Heating, Water, etc.) - Basic utilities for an 85m2 apartment cost between $90 and $212.5, averaging $125.31.
- Internet - Internet services range from $40 to $78, with an average cost of $50.64.
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.
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"Key Takeaways"
San Miguelito offers affordable housing options, particularly outside the city centre, with average rents for 1-bedroom apartments around $250.
Dining out is relatively inexpensive, with casual meals averaging $11.5 and fast food options around $8.
Transportation costs are moderate, with gasoline prices under $1 per liter and affordable taxi fares.
Conclusion
San Miguelito presents a cost-effective living environment, especially for those seeking affordable housing and dining options.
While transportation and utilities are reasonably priced, potential residents should consider their lifestyle needs to budget effectively.