¿Cuanto Cuesta?
Comparing prices is always an interesting part of traveling and
living abroad. I´ve found prices on some things here to be dirt cheap, and others I´ve found to be rather expensive
considering that the minimum wage here is a mere $1 per hour. The currency used here is called the Balboa,
but in reality it´s the U.S. dollar. The value, however, is less. Here are some prices for fairly
typical purchases....
Cup of coffee: $0.40-0.60
Bottle of Panamanian Beer: $0.35
Bus Fare in the City of David: $0.25-0.35 per ride
Bus Fare from David to Panama City: $10.40 for the seven
hour ride
New House in David: $12,000-30,000 (about three bedrooms)
Luxury Condo in Panama City: $56,000 (this is in a secure building
with pool, fitness facilities, and underground parking!)
Stamp to Canada: $0.40
Gallon of Gas: $1.89 on average
2.5kg (5 lb) bag of rice: 1.50
Whole Coconut cracked open with a staw for you to drink the milk:
$0.25
Hamburger and soda:$1.00
Pair of new blue jeans: $4.99
Movie Ticket (Matine): $1.80