Cost of Living Comparison Between New Zealand and Panama 
| Indices Difference |  |
|---|---|
| Cost of Living in Panama is 25.3% lower than in New Zealand (excluding rent) | |
| Cost of Living Including Rent in Panama is 21.1% lower than in New Zealand | |
| Rent Prices in Panama are 8.7% lower than in New Zealand | |
| Restaurant Prices in Panama are 28.9% lower than in New Zealand | |
| Groceries Prices in Panama are 24.5% lower than in New Zealand | |
| Local Purchasing Power in Panama is 64.7% lower than in New Zealand | |
Restaurants | New Zealand Edit |
Panama Edit | Difference |
|---|---|---|---|
| Meal, Inexpensive Restaurant |
25.00 NZ$ (14.85 $) |
16.83 NZ$ (10.00 $) |
-32.7 % |
| Meal for 2 People, Mid-range Restaurant, Three-course |
125.00 NZ$ (74.27 $) |
84.16 NZ$ (50.00 $) |
-32.7 % |
| McMeal at McDonalds (or Equivalent Combo Meal) |
15.00 NZ$ (8.91 $) |
12.61 NZ$ (7.49 $) |
-16.0 % |
| Domestic Beer (1 pint draught) |
11.00 NZ$ (6.54 $) |
3.37 NZ$ (2.00 $) |
-69.4 % |
| Imported Beer (12 oz small bottle) |
11.00 NZ$ (6.54 $) |
5.89 NZ$ (3.50 $) |
-46.4 % |
| Cappuccino (regular) |
5.69 NZ$ (3.38 $) |
5.85 NZ$ (3.47 $) |
+2.7 % |
| Coke/Pepsi (12 oz small bottle) |
3.77 NZ$ (2.24 $) |
2.49 NZ$ (1.48 $) |
-33.9 % |
| Water (12 oz small bottle) |
3.49 NZ$ (2.07 $) |
2.06 NZ$ (1.22 $) |
-41.0 % |
Markets | New Zealand Edit |
Panama Edit | |
| Milk (regular), (1 gallon) |
11.29 NZ$ (6.71 $) |
11.53 NZ$ (6.85 $) |
+2.2 % |
| Loaf of Fresh White Bread (1 lb) |
2.92 NZ$ (1.74 $) |
3.73 NZ$ (2.21 $) |
+27.4 % |
| Rice (white), (1 lb) |
1.40 NZ$ (0.83 $) |
1.76 NZ$ (1.04 $) |
+25.8 % |
| Eggs (regular) (12) |
10.76 NZ$ (6.39 $) |
4.49 NZ$ (2.67 $) |
-58.2 % |
| Local Cheese (1 lb) |
6.23 NZ$ (3.70 $) |
8.94 NZ$ (5.31 $) |
+43.5 % |
| Chicken Fillets (1 lb) |
7.16 NZ$ (4.25 $) |
5.54 NZ$ (3.29 $) |
-22.6 % |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) |
9.75 NZ$ (5.79 $) |
6.86 NZ$ (4.08 $) |
-29.6 % |
| Apples (1 lb) |
2.11 NZ$ (1.26 $) |
3.08 NZ$ (1.83 $) |
+46.0 % |
| Banana (1 lb) |
1.71 NZ$ (1.02 $) |
1.01 NZ$ (0.60 $) |
-40.9 % |
| Oranges (1 lb) |
2.30 NZ$ (1.37 $) |
2.15 NZ$ (1.27 $) |
-6.7 % |
| Tomato (1 lb) |
3.58 NZ$ (2.12 $) |
2.24 NZ$ (1.33 $) |
-37.4 % |
| Potato (1 lb) |
1.58 NZ$ (0.94 $) |
1.60 NZ$ (0.95 $) |
+1.8 % |
| Onion (1 lb) |
1.33 NZ$ (0.79 $) |
1.76 NZ$ (1.05 $) |
+32.2 % |
| Lettuce (1 head) |
3.92 NZ$ (2.33 $) |
3.49 NZ$ (2.08 $) |
-10.8 % |
| Water (1.5 liter bottle) |
1.89 NZ$ (1.12 $) |
2.62 NZ$ (1.56 $) |
+38.9 % |
| Bottle of Wine (Mid-Range) |
16.00 NZ$ (9.51 $) |
16.83 NZ$ (10.00 $) |
+5.2 % |
| Domestic Beer (0.5 liter bottle) |
4.98 NZ$ (2.96 $) |
2.02 NZ$ (1.20 $) |
-59.4 % |
| Imported Beer (12 oz small bottle) |
5.82 NZ$ (3.46 $) |
3.61 NZ$ (2.15 $) |
-37.9 % |
| Cigarettes 20 Pack (Marlboro) |
40.00 NZ$ (23.77 $) |
9.97 NZ$ (5.92 $) |
-75.1 % |
Transportation | New Zealand Edit |
Panama Edit | |
| One-way Ticket (Local Transport) |
4.00 NZ$ (2.38 $) |
0.93 NZ$ (0.55 $) |
-76.9 % |
| Monthly Pass (Regular Price) |
177.50 NZ$ (105.46 $) |
42.08 NZ$ (25.00 $) |
-76.3 % |
| Taxi Start (Normal Tariff) |
4.00 NZ$ (2.38 $) |
3.79 NZ$ (2.25 $) |
-5.3 % |
| Taxi 1 mile (Normal Tariff) |
5.47 NZ$ (3.25 $) |
5.42 NZ$ (3.22 $) |
-1.0 % |
| Taxi 1hour Waiting (Normal Tariff) |
60.00 NZ$ (35.65 $) |
35.35 NZ$ (21.00 $) |
-41.1 % |
| Gasoline (1 gallon) |
10.62 NZ$ (6.31 $) |
5.91 NZ$ (3.51 $) |
-44.3 % |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) |
45,000.00 NZ$ (26,736.08 $) |
33,662.38 NZ$ (20,000.00 $) |
-25.2 % |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) |
36,014.36 NZ$ (21,397.40 $) |
36,127.45 NZ$ (21,464.58 $) |
+0.3 % |
Utilities (Monthly) | New Zealand Edit |
Panama Edit | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment |
227.83 NZ$ (135.36 $) |
183.47 NZ$ (109.00 $) |
-19.5 % |
| Mobile Phone Monthly Plan with Calls and 10GB+ Data |
58.11 NZ$ (34.52 $) |
49.59 NZ$ (29.47 $) |
-14.6 % |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) |
86.20 NZ$ (51.22 $) |
82.13 NZ$ (48.80 $) |
-4.7 % |
Sports And Leisure | New Zealand Edit |
Panama Edit | |
| Fitness Club, Monthly Fee for 1 Adult |
61.25 NZ$ (36.39 $) |
88.03 NZ$ (52.30 $) |
+43.7 % |
| Tennis Court Rent (1 Hour on Weekend) |
24.87 NZ$ (14.77 $) |
63.12 NZ$ (37.50 $) |
+153.8 % |
| Cinema, International Release, 1 Seat |
20.00 NZ$ (11.88 $) |
11.78 NZ$ (7.00 $) |
-41.1 % |
Childcare | New Zealand Edit |
Panama Edit | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child |
1,248.23 NZ$ (741.61 $) |
751.79 NZ$ (446.67 $) |
-39.8 % |
| International Primary School, Yearly for 1 Child |
19,631.90 NZ$ (11,664.00 $) |
17,546.52 NZ$ (10,425.00 $) |
-10.6 % |
Clothing And Shoes | New Zealand Edit |
Panama Edit | |
| 1 Pair of Jeans (Levis 501 Or Similar) |
113.95 NZ$ (67.70 $) |
81.24 NZ$ (48.27 $) |
-28.7 % |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) |
71.62 NZ$ (42.55 $) |
69.27 NZ$ (41.15 $) |
-3.3 % |
| 1 Pair of Nike Running Shoes (Mid-Range) |
160.22 NZ$ (95.19 $) |
140.82 NZ$ (83.67 $) |
-12.1 % |
| 1 Pair of Men Leather Business Shoes |
196.48 NZ$ (116.73 $) |
185.91 NZ$ (110.45 $) |
-5.4 % |
Rent Per Month | New Zealand Edit |
Panama Edit | |
| Apartment (1 bedroom) in City Centre |
1,825.33 NZ$ (1,084.49 $) |
1,549.23 NZ$ (920.45 $) |
-15.1 % |
| Apartment (1 bedroom) Outside of Centre |
1,526.87 NZ$ (907.17 $) |
1,175.86 NZ$ (698.62 $) |
-23.0 % |
| Apartment (3 bedrooms) in City Centre |
2,908.94 NZ$ (1,728.30 $) |
3,038.93 NZ$ (1,805.53 $) |
+4.5 % |
| Apartment (3 bedrooms) Outside of Centre |
2,512.23 NZ$ (1,492.60 $) |
2,238.55 NZ$ (1,330.00 $) |
-10.9 % |
Buy Apartment Price | New Zealand Edit |
Panama Edit | |
| Price per Square Feet to Buy Apartment in City Centre |
778.32 NZ$ (462.42 $) |
338.13 NZ$ (200.90 $) |
-56.6 % |
| Price per Square Feet to Buy Apartment Outside of Centre |
640.55 NZ$ (380.57 $) |
241.63 NZ$ (143.56 $) |
-62.3 % |
Salaries And Financing | New Zealand Edit |
Panama Edit | |
| Average Monthly Net Salary (After Tax) |
4,997.06 NZ$ (2,968.93 $) |
1,390.73 NZ$ (826.28 $) |
-72.2 % |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 6.76 | 6.30 | -6.8 % |
| Last update: | April 2025 | April 2025 | |
| Contributors in the past 12 months: | 479 | 92 |
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