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The cost of living or vacationing in Panama is considerably less than in other popular tropical vacation destinations.
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Housing Prices
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Costa Rica
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$1,126,331
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Florida Keys
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$1,425,040
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Kauai
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$1,673,250
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Maui
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$2,232,000
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Laguna Reef Resort
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$508,797
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Living Expenses
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United States
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Panama
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Health Care
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Insurance for two healthy 50+ year olds
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$4,000+
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$1,200
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Knee Surgery
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$10-12,000
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$3-6,000
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Appendectomy
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$9-20,000
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$1,000
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Cataract Surgery
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$3-5,000
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$1,500
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Face Lift
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$6-15,000
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$5,000
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Breast Enhancement
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$5-7,000
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$3,500
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Liposuction
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$6-8,000
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$3,100
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Miscellaneous
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Full-time Maid
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$2400/Month
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$250 / Month
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Pension Discounts on Services
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None
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10-25%
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Shoe Shine
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$4
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$.25-.50
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Hand Car Wash SUV / Truck
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$15
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$4-5
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Hand Wash Car
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$12
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$2.50-3.00
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Groceries
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Bananas
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$.39 / lb
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$.12 / lb
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Watermelon
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$5.99 each
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$2.00 each
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Coffee
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$5.39 / lb
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$2.39 / lb
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Cigarettes
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$5.20 / pack
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$1.65 / pack
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Bread
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$2.39 / loaf
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$.92 / loaf
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Beer 12 oz
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$3.00 / bottle
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$1.00 / bottle
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Merlot Wine
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$11.82 / bottle
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$4.89 / bottle
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Sea Bass
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$16.49 / lb
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$2.75 / lb
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Steamer Clams
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$6.99 / lb
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$3.00 / lb
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Shrimp
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$8.49 / lb
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$4.00 / lb
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Cost of Living
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Flordia
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Arizona
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California
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Nevada
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Texas
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Panama
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Energy
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$912
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$695
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$695
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$695
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$921
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$300
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Property Tax
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2.1%
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0.7-1.0%
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1.4%
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2.03-2.9%
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2.2%
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None
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Sales Tax
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6.5-8.5%
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6.3-10.2%
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7.75%
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6.5-7.75%
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6.25-8.25%
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5%
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State Personal Income Tax
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None
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3.8-7
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9.3%
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None
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None
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None
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Estate Tax
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Yes
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None
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Yes
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None
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Yes
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None
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For information, please contact us at 719-488-0707 or email us at info@csdpanama.com
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