(Casco Viejo and Casco Antiguo are
different names for the same place.)
Your lifestyle plays a key role in determining how much it would cost to live in Casco Antiguo / Casco Viejo. If you’re an outgoing, social person who loves to go to dinner, see the theater, etc., your cost to live in Casco Viejo could be roughly US $3,000 and above per month. Casco Viejo is no longer inexpensive.
If you “play low key” and want more bargains, you could live off on $1,200 - $1,300 a month in Casco. You can find bargains in Casco Antiguo; it just depends on your lifestyle. However, Americans tend to want to buy goods and services where everything looks neat and sparkling clean, and they’re not too keen on living next door to a low-income person of a different culture and nationality. This would tend to eliminate the ability to live at the less expensive end of the cost of living.
Relative to restaurants in Casco Viejo / Casco Antiguo, you can get a meal for $5 for yourself, up to over $100 and above for two, if you drink wine, have cocktails, eat steak, lobster, etc.; it depends on what you fancy. Casco Viejo has evolved and is bringing in people with very good incomes and people who can afford to dine at these higher end restaurants. In addition, you have the high-income population of Panama that is going to Casco Antiguo a lot because there are now lots of very good restaurants and of all kinds of Italian and other international cuisine.
We have apartments in Casco Antiguo starting at $365 per month, but they’re not in the key sites. The prices for apartments here in Casco Antiguo are similar to the wide variety of rental prices per month in places like New York City, for example. However, a good, average 2 bedroom 2 bathroom apartment would rent for roughly $1,500 per month.
Although we have had lower prices in the past, as of this moment, we don’t have anything for sale in Casco Viejo for less than $450,000.