Cost of Living Comparison Between New Zealand and Panama 
| Indices Difference |  |
|---|---|
| Cost of Living in Panama is 22.9% lower than in New Zealand (excluding rent) | |
| Cost of Living Including Rent in Panama is 18.3% lower than in New Zealand | |
| Rent Prices in Panama are 4.8% lower than in New Zealand | |
| Restaurant Prices in Panama are 26.5% lower than in New Zealand | |
| Groceries Prices in Panama are 22.1% lower than in New Zealand | |
| Local Purchasing Power in Panama is 64.9% lower than in New Zealand | |
Restaurants | New Zealand Edit |
Panama Edit | Difference |
|---|---|---|---|
| Meal, Inexpensive Restaurant |
25.00 NZ$ (14.36 $) |
17.41 NZ$ (10.00 $) |
-30.4 % |
| Meal for 2 People, Mid-range Restaurant, Three-course |
125.00 NZ$ (71.81 $) |
87.03 NZ$ (50.00 $) |
-30.4 % |
| McMeal at McDonalds (or Equivalent Combo Meal) |
15.00 NZ$ (8.62 $) |
13.04 NZ$ (7.49 $) |
-13.1 % |
| Domestic Beer (1 pint draught) |
11.00 NZ$ (6.32 $) |
3.48 NZ$ (2.00 $) |
-68.4 % |
| Imported Beer (12 oz small bottle) |
11.00 NZ$ (6.32 $) |
6.09 NZ$ (3.50 $) |
-44.6 % |
| Cappuccino (regular) |
5.69 NZ$ (3.27 $) |
6.05 NZ$ (3.47 $) |
+6.3 % |
| Coke/Pepsi (12 oz small bottle) |
3.76 NZ$ (2.16 $) |
2.57 NZ$ (1.48 $) |
-31.5 % |
| Water (12 oz small bottle) |
3.50 NZ$ (2.01 $) |
2.13 NZ$ (1.22 $) |
-39.2 % |
Markets | New Zealand Edit |
Panama Edit | |
| Milk (regular), (1 gallon) |
11.32 NZ$ (6.50 $) |
11.93 NZ$ (6.85 $) |
+5.4 % |
| Loaf of Fresh White Bread (1 lb) |
2.92 NZ$ (1.68 $) |
3.85 NZ$ (2.21 $) |
+31.7 % |
| Rice (white), (1 lb) |
1.40 NZ$ (0.80 $) |
1.82 NZ$ (1.04 $) |
+30.0 % |
| Eggs (regular) (12) |
10.75 NZ$ (6.17 $) |
4.64 NZ$ (2.67 $) |
-56.8 % |
| Local Cheese (1 lb) |
6.22 NZ$ (3.57 $) |
9.24 NZ$ (5.31 $) |
+48.5 % |
| Chicken Fillets (1 lb) |
7.15 NZ$ (4.11 $) |
5.73 NZ$ (3.29 $) |
-19.8 % |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) |
9.76 NZ$ (5.60 $) |
7.10 NZ$ (4.08 $) |
-27.2 % |
| Apples (1 lb) |
2.11 NZ$ (1.21 $) |
3.19 NZ$ (1.83 $) |
+51.4 % |
| Banana (1 lb) |
1.71 NZ$ (0.98 $) |
1.04 NZ$ (0.60 $) |
-38.9 % |
| Oranges (1 lb) |
2.31 NZ$ (1.33 $) |
2.22 NZ$ (1.27 $) |
-3.9 % |
| Tomato (1 lb) |
3.59 NZ$ (2.06 $) |
2.32 NZ$ (1.33 $) |
-35.5 % |
| Potato (1 lb) |
1.58 NZ$ (0.91 $) |
1.66 NZ$ (0.95 $) |
+5.2 % |
| Onion (1 lb) |
1.33 NZ$ (0.77 $) |
1.82 NZ$ (1.05 $) |
+36.8 % |
| Lettuce (1 head) |
3.92 NZ$ (2.25 $) |
3.61 NZ$ (2.08 $) |
-7.8 % |
| Water (1.5 liter bottle) |
1.89 NZ$ (1.08 $) |
2.71 NZ$ (1.56 $) |
+43.6 % |
| Bottle of Wine (Mid-Range) |
16.00 NZ$ (9.19 $) |
17.41 NZ$ (10.00 $) |
+8.8 % |
| Domestic Beer (0.5 liter bottle) |
4.94 NZ$ (2.84 $) |
2.09 NZ$ (1.20 $) |
-57.6 % |
| Imported Beer (12 oz small bottle) |
5.78 NZ$ (3.32 $) |
3.74 NZ$ (2.15 $) |
-35.3 % |
| Cigarettes 20 Pack (Marlboro) |
40.00 NZ$ (22.98 $) |
10.31 NZ$ (5.92 $) |
-74.2 % |
Transportation | New Zealand Edit |
Panama Edit | |
| One-way Ticket (Local Transport) |
4.00 NZ$ (2.30 $) |
0.96 NZ$ (0.55 $) |
-76.1 % |
| Monthly Pass (Regular Price) |
178.75 NZ$ (102.69 $) |
43.52 NZ$ (25.00 $) |
-75.7 % |
| Taxi Start (Normal Tariff) |
4.00 NZ$ (2.30 $) |
3.92 NZ$ (2.25 $) |
-2.1 % |
| Taxi 1 mile (Normal Tariff) |
5.47 NZ$ (3.14 $) |
5.60 NZ$ (3.22 $) |
+2.4 % |
| Taxi 1hour Waiting (Normal Tariff) |
60.00 NZ$ (34.47 $) |
36.55 NZ$ (21.00 $) |
-39.1 % |
| Gasoline (1 gallon) |
10.62 NZ$ (6.10 $) |
6.11 NZ$ (3.51 $) |
-42.4 % |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) |
45,000.00 NZ$ (25,852.28 $) |
34,813.18 NZ$ (20,000.00 $) |
-22.6 % |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) |
35,980.60 NZ$ (20,670.68 $) |
37,362.52 NZ$ (21,464.58 $) |
+3.8 % |
Utilities (Monthly) | New Zealand Edit |
Panama Edit | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment |
229.21 NZ$ (131.68 $) |
189.74 NZ$ (109.00 $) |
-17.2 % |
| Mobile Phone Monthly Plan with Calls and 10GB+ Data |
58.20 NZ$ (33.44 $) |
51.29 NZ$ (29.47 $) |
-11.9 % |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) |
86.28 NZ$ (49.57 $) |
84.94 NZ$ (48.80 $) |
-1.5 % |
Sports And Leisure | New Zealand Edit |
Panama Edit | |
| Fitness Club, Monthly Fee for 1 Adult |
60.95 NZ$ (35.02 $) |
91.22 NZ$ (52.40 $) |
+49.7 % |
| Tennis Court Rent (1 Hour on Weekend) |
24.87 NZ$ (14.29 $) |
65.27 NZ$ (37.50 $) |
+162.5 % |
| Cinema, International Release, 1 Seat |
20.00 NZ$ (11.49 $) |
12.18 NZ$ (7.00 $) |
-39.1 % |
Childcare | New Zealand Edit |
Panama Edit | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child |
1,248.23 NZ$ (717.10 $) |
777.49 NZ$ (446.67 $) |
-37.7 % |
| International Primary School, Yearly for 1 Child |
19,631.90 NZ$ (11,278.43 $) |
18,146.37 NZ$ (10,425.00 $) |
-7.6 % |
Clothing And Shoes | New Zealand Edit |
Panama Edit | |
| 1 Pair of Jeans (Levis 501 Or Similar) |
113.54 NZ$ (65.23 $) |
84.02 NZ$ (48.27 $) |
-26.0 % |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) |
71.78 NZ$ (41.24 $) |
71.63 NZ$ (41.15 $) |
-0.2 % |
| 1 Pair of Nike Running Shoes (Mid-Range) |
160.68 NZ$ (92.31 $) |
145.64 NZ$ (83.67 $) |
-9.4 % |
| 1 Pair of Men Leather Business Shoes |
197.27 NZ$ (113.33 $) |
192.26 NZ$ (110.45 $) |
-2.5 % |
Rent Per Month | New Zealand Edit |
Panama Edit | |
| Apartment (1 bedroom) in City Centre |
1,812.84 NZ$ (1,041.47 $) |
1,602.20 NZ$ (920.45 $) |
-11.6 % |
| Apartment (1 bedroom) Outside of Centre |
1,526.87 NZ$ (877.18 $) |
1,216.06 NZ$ (698.62 $) |
-20.4 % |
| Apartment (3 bedrooms) in City Centre |
2,899.67 NZ$ (1,665.84 $) |
3,142.82 NZ$ (1,805.53 $) |
+8.4 % |
| Apartment (3 bedrooms) Outside of Centre |
2,496.80 NZ$ (1,434.40 $) |
2,353.24 NZ$ (1,351.92 $) |
-5.7 % |
Buy Apartment Price | New Zealand Edit |
Panama Edit | |
| Price per Square Feet to Buy Apartment in City Centre |
767.53 NZ$ (440.94 $) |
349.69 NZ$ (200.90 $) |
-54.4 % |
| Price per Square Feet to Buy Apartment Outside of Centre |
638.82 NZ$ (367.00 $) |
249.89 NZ$ (143.56 $) |
-60.9 % |
Salaries And Financing | New Zealand Edit |
Panama Edit | |
| Average Monthly Net Salary (After Tax) |
5,020.37 NZ$ (2,884.18 $) |
1,438.28 NZ$ (826.28 $) |
-71.4 % |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 6.77 | 6.30 | -7.0 % |
| Last update: | March 2025 | March 2025 | |
| Contributors in the past 12 months: | 465 | 90 |
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