What Does It Actually Cost to Live in Panama City? A 2026 Monthly Budget for Two
“Panama is cheap — you can live on $1,500 a month.” We’ve heard it. We researched it. Here are three honest monthly budgets for a retired couple in Panama City, built from 2026 figures: a lean $2,800–$3,200, a mid-range $3,800–$4,600, and a comfortable $5,500–$7,500. The savings are real. The $1,500 figure is not.