Cost of Living Comparison Between New Zealand and Panama 
| Indices Difference |  |
|---|---|
| Cost of Living in Panama is 28.4% lower than in New Zealand (excluding rent) | |
| Cost of Living Including Rent in Panama is 25.1% lower than in New Zealand | |
| Rent Prices in Panama are 15.6% lower than in New Zealand | |
| Restaurant Prices in Panama are 30.2% lower than in New Zealand | |
| Groceries Prices in Panama are 26.6% lower than in New Zealand | |
| Local Purchasing Power in Panama is 65.6% lower than in New Zealand | |
Restaurants | New Zealand Edit |
Panama Edit | Difference |
|---|---|---|---|
| Meal, Inexpensive Restaurant |
25.00 NZ$ (14.93 $) |
16.74 NZ$ (10.00 $) |
-33.0 % |
| Meal for 2 People, Mid-range Restaurant, Three-course |
128.50 NZ$ (76.76 $) |
83.70 NZ$ (50.00 $) |
-34.9 % |
| McMeal at McDonalds (or Equivalent Combo Meal) |
16.00 NZ$ (9.56 $) |
13.39 NZ$ (8.00 $) |
-16.3 % |
| Domestic Beer (1 pint draught) |
11.00 NZ$ (6.57 $) |
3.35 NZ$ (2.00 $) |
-69.6 % |
| Imported Beer (12 oz small bottle) |
12.00 NZ$ (7.17 $) |
5.86 NZ$ (3.50 $) |
-51.2 % |
| Cappuccino (regular) |
5.82 NZ$ (3.48 $) |
5.91 NZ$ (3.53 $) |
+1.6 % |
| Coke/Pepsi (12 oz small bottle) |
3.82 NZ$ (2.28 $) |
2.45 NZ$ (1.46 $) |
-35.9 % |
| Water (12 oz small bottle) |
3.58 NZ$ (2.14 $) |
2.02 NZ$ (1.21 $) |
-43.5 % |
Markets | New Zealand Edit |
Panama Edit | |
| Milk (regular), (1 gallon) |
11.53 NZ$ (6.89 $) |
11.30 NZ$ (6.75 $) |
-2.1 % |
| Loaf of Fresh White Bread (1 lb) |
2.93 NZ$ (1.75 $) |
3.59 NZ$ (2.14 $) |
+22.6 % |
| Rice (white), (1 lb) |
1.38 NZ$ (0.82 $) |
1.65 NZ$ (0.99 $) |
+19.7 % |
| Eggs (regular) (12) |
10.87 NZ$ (6.50 $) |
4.37 NZ$ (2.61 $) |
-59.9 % |
| Local Cheese (1 lb) |
6.36 NZ$ (3.80 $) |
8.77 NZ$ (5.24 $) |
+37.9 % |
| Chicken Fillets (1 lb) |
7.31 NZ$ (4.37 $) |
5.43 NZ$ (3.24 $) |
-25.7 % |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) |
10.24 NZ$ (6.12 $) |
6.89 NZ$ (4.12 $) |
-32.7 % |
| Apples (1 lb) |
2.13 NZ$ (1.27 $) |
3.01 NZ$ (1.80 $) |
+41.1 % |
| Banana (1 lb) |
1.70 NZ$ (1.02 $) |
1.00 NZ$ (0.60 $) |
-41.0 % |
| Oranges (1 lb) |
2.30 NZ$ (1.37 $) |
2.13 NZ$ (1.27 $) |
-7.3 % |
| Tomato (1 lb) |
3.76 NZ$ (2.25 $) |
2.19 NZ$ (1.31 $) |
-41.9 % |
| Potato (1 lb) |
1.50 NZ$ (0.90 $) |
1.60 NZ$ (0.95 $) |
+6.7 % |
| Onion (1 lb) |
1.26 NZ$ (0.75 $) |
1.84 NZ$ (1.10 $) |
+45.9 % |
| Lettuce (1 head) |
3.83 NZ$ (2.29 $) |
3.54 NZ$ (2.11 $) |
-7.7 % |
| Water (1.5 liter bottle) |
1.88 NZ$ (1.12 $) |
2.61 NZ$ (1.56 $) |
+38.5 % |
| Bottle of Wine (Mid-Range) |
16.00 NZ$ (9.56 $) |
16.74 NZ$ (10.00 $) |
+4.6 % |
| Domestic Beer (0.5 liter bottle) |
4.99 NZ$ (2.98 $) |
2.16 NZ$ (1.29 $) |
-56.9 % |
| Imported Beer (12 oz small bottle) |
5.71 NZ$ (3.41 $) |
3.75 NZ$ (2.24 $) |
-34.3 % |
| Cigarettes 20 Pack (Marlboro) |
40.23 NZ$ (24.03 $) |
9.50 NZ$ (5.67 $) |
-76.4 % |
Transportation | New Zealand Edit |
Panama Edit | |
| One-way Ticket (Local Transport) |
4.00 NZ$ (2.39 $) |
0.84 NZ$ (0.50 $) |
-79.1 % |
| Monthly Pass (Regular Price) |
200.00 NZ$ (119.48 $) |
33.48 NZ$ (20.00 $) |
-83.3 % |
| Taxi Start (Normal Tariff) |
4.00 NZ$ (2.39 $) |
3.35 NZ$ (2.00 $) |
-16.3 % |
| Taxi 1 mile (Normal Tariff) |
5.23 NZ$ (3.12 $) |
5.39 NZ$ (3.22 $) |
+3.0 % |
| Taxi 1hour Waiting (Normal Tariff) |
60.00 NZ$ (35.84 $) |
33.48 NZ$ (20.00 $) |
-44.2 % |
| Gasoline (1 gallon) |
10.59 NZ$ (6.33 $) |
5.86 NZ$ (3.50 $) |
-44.7 % |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) |
47,800.00 NZ$ (28,555.37 $) |
41,848.53 NZ$ (25,000.00 $) |
-12.5 % |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) |
35,778.30 NZ$ (21,373.69 $) |
36,779.27 NZ$ (21,971.67 $) |
+2.8 % |
Utilities (Monthly) | New Zealand Edit |
Panama Edit | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment |
229.69 NZ$ (137.22 $) |
181.43 NZ$ (108.38 $) |
-21.0 % |
| Mobile Phone Monthly Plan with Calls and 10GB+ Data |
56.53 NZ$ (33.77 $) |
47.32 NZ$ (28.27 $) |
-16.3 % |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) |
85.63 NZ$ (51.15 $) |
79.83 NZ$ (47.69 $) |
-6.8 % |
Sports And Leisure | New Zealand Edit |
Panama Edit | |
| Fitness Club, Monthly Fee for 1 Adult |
63.55 NZ$ (37.96 $) |
81.46 NZ$ (48.67 $) |
+28.2 % |
| Tennis Court Rent (1 Hour on Weekend) |
24.99 NZ$ (14.93 $) |
41.22 NZ$ (24.62 $) |
+64.9 % |
| Cinema, International Release, 1 Seat |
20.00 NZ$ (11.95 $) |
11.72 NZ$ (7.00 $) |
-41.4 % |
Childcare | New Zealand Edit |
Panama Edit | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child |
1,274.16 NZ$ (761.17 $) |
747.69 NZ$ (446.67 $) |
-41.3 % |
| International Primary School, Yearly for 1 Child |
19,221.88 NZ$ (11,483.01 $) |
19,231.72 NZ$ (11,488.89 $) |
+0.1 % |
Clothing And Shoes | New Zealand Edit |
Panama Edit | |
| 1 Pair of Jeans (Levis 501 Or Similar) |
113.92 NZ$ (68.05 $) |
77.56 NZ$ (46.33 $) |
-31.9 % |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) |
69.84 NZ$ (41.72 $) |
70.18 NZ$ (41.92 $) |
+0.5 % |
| 1 Pair of Nike Running Shoes (Mid-Range) |
162.28 NZ$ (96.94 $) |
137.58 NZ$ (82.19 $) |
-15.2 % |
| 1 Pair of Men Leather Business Shoes |
199.52 NZ$ (119.19 $) |
180.65 NZ$ (107.92 $) |
-9.5 % |
Rent Per Month | New Zealand Edit |
Panama Edit | |
| Apartment (1 bedroom) in City Centre |
1,848.32 NZ$ (1,104.17 $) |
1,509.16 NZ$ (901.56 $) |
-18.3 % |
| Apartment (1 bedroom) Outside of Centre |
1,536.40 NZ$ (917.83 $) |
1,183.88 NZ$ (707.24 $) |
-22.9 % |
| Apartment (3 bedrooms) in City Centre |
2,953.99 NZ$ (1,764.69 $) |
2,617.82 NZ$ (1,563.87 $) |
-11.4 % |
| Apartment (3 bedrooms) Outside of Centre |
2,588.13 NZ$ (1,546.13 $) |
2,212.20 NZ$ (1,321.55 $) |
-14.5 % |
Buy Apartment Price | New Zealand Edit |
Panama Edit | |
| Price per Square Feet to Buy Apartment in City Centre |
749.75 NZ$ (447.89 $) |
295.19 NZ$ (176.34 $) |
-60.6 % |
| Price per Square Feet to Buy Apartment Outside of Centre |
623.04 NZ$ (372.20 $) |
232.62 NZ$ (138.97 $) |
-62.7 % |
Salaries And Financing | New Zealand Edit |
Panama Edit | |
| Average Monthly Net Salary (After Tax) |
5,079.30 NZ$ (3,034.34 $) |
1,310.05 NZ$ (782.61 $) |
-74.2 % |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 6.63 | 6.38 | -3.8 % |
| Last update: | 15 September 2025 | 11 September 2025 | |
| Contributors in the past 12 months: | 554 | 115 |
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