Panama and Real estate in PanamaComparison with US real estateTOP RETIREMENT STATES
| H
O
M
E
S
|
Master-planned Communities & Residential Towers |
Florida |
Arizona |
California |
Nevada |
Texas |
Panama |
|
| Beach Homes |
$850,000 + |
None |
$700,000 + |
None |
$ 650,000 + |
$ 400,000 |
2,500 sq.ft. |
| Inland or Mountain home |
$ 350,000 |
$ 325,000 |
400,000 |
$ 360,000 |
$ 325,000 |
$ 245,000 |
2,500 sq.ft. |
| Island home |
$1,500,000 |
None |
None |
None |
$ 650,000 + |
$ 650,000 |
3,500 sq.ft. |
| City Residential Tower |
$ 443,000 |
$500,000 |
$674,000 |
$ 600,000 |
$ 450,000 |
$ 185,000 |
1,400 sq.ft |
| Homes were selected in master planned communities offering similar amenities to those offered in Panama. |
|
I
N
S
U
R
A
N
C
E
|
|
Florida |
Arizona |
California |
Nevada
|
Texas
|
Panama |
| Home Insurance per year |
$ 786
|
$ 750+
|
$ 750+ |
$ 750+ |
$ 750+ |
$ 300 |
|
Average Home insurance costs were basedon average home prices in the U.S. and do not reflect actual costs for homes of higher value than $200,000.00. Insurance for a homes of higher value than $ 200,000.00. Insurance for a home in Panama was based on $200,000.
|
|
E
N
E
R
G
Y
|
|
Florida |
Arizona |
California |
Nevada |
Texas |
Panama |
| Heating costs Average per home |
$921 |
$ 695 |
$ 695 |
$ 695 |
$ 921 |
NONE |
|
Heating costs are for natural gas and homes of about 2000 square feet.
|
|
T
A
X
E
S
|
|
Florida
|
Arizona
|
California
|
Nevada |
Texas
|
Panama |
Property tax
Real Estate
|
2.1% |
.7-1% |
1.40% |
2.03-2.9% |
2.20% |
None |
| Sales tax (state & Country average) |
6.5-8.5% |
6.3-10.2% |
7.75% |
6.5-7.75% |
6.25-8.25% |
5% |
State personal income tax
|
None |
3.8-7% |
9.3%+
|
None |
None |
None |
Estate Tax
|
Yes |
None |
Yes |
None |
Yes |
None |
|
State without income tax tend to have high "fees" for other services in order to generate revenue.
The states average tax burden is about 10% of the per capita income of $ 35000.00.
Tax exemptions apply for new construction. There are some property taxes that apply to land.
See our reference website for details.
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