Cost of Living Comparison Between New Zealand and Panama 
| Indices Difference |  |
|---|---|
| Cost of Living in Panama is 22.9% lower than in New Zealand (without rent) | |
| Cost of Living Including Rent in Panama is 18.4% lower than in New Zealand | |
| Rent Prices in Panama are 5.0% lower than in New Zealand | |
| Restaurant Prices in Panama are 26.0% lower than in New Zealand | |
| Groceries Prices in Panama are 21.8% lower than in New Zealand | |
| Local Purchasing Power in Panama is 64.4% lower than in New Zealand | |
Restaurants | New Zealand Edit |
Panama Edit | Difference |
|---|---|---|---|
| Meal, Inexpensive Restaurant |
25.00 NZ$ (14.22 $) |
17.58 NZ$ (10.00 $) |
-29.7 % |
| Meal for 2 People, Mid-range Restaurant, Three-course |
125.00 NZ$ (71.09 $) |
87.91 NZ$ (50.00 $) |
-29.7 % |
| McMeal at McDonalds (or Equivalent Combo Meal) |
15.00 NZ$ (8.53 $) |
13.17 NZ$ (7.49 $) |
-12.2 % |
| Domestic Beer (1 pint draught) |
11.00 NZ$ (6.26 $) |
3.52 NZ$ (2.00 $) |
-68.0 % |
| Imported Beer (12 oz small bottle) |
11.00 NZ$ (6.26 $) |
6.15 NZ$ (3.50 $) |
-44.1 % |
| Cappuccino (regular) |
5.68 NZ$ (3.23 $) |
6.11 NZ$ (3.47 $) |
+7.4 % |
| Coke/Pepsi (12 oz small bottle) |
3.79 NZ$ (2.15 $) |
2.60 NZ$ (1.48 $) |
-31.4 % |
| Water (12 oz small bottle) |
3.49 NZ$ (1.99 $) |
2.18 NZ$ (1.24 $) |
-37.7 % |
Markets | New Zealand Edit |
Panama Edit | |
| Milk (regular), (1 gallon) |
11.27 NZ$ (6.41 $) |
12.07 NZ$ (6.86 $) |
+7.0 % |
| Loaf of Fresh White Bread (1 lb) |
2.93 NZ$ (1.66 $) |
3.87 NZ$ (2.20 $) |
+32.1 % |
| Rice (white), (1 lb) |
1.41 NZ$ (0.80 $) |
1.90 NZ$ (1.08 $) |
+34.9 % |
| Eggs (regular) (12) |
10.72 NZ$ (6.10 $) |
4.71 NZ$ (2.68 $) |
-56.0 % |
| Local Cheese (1 lb) |
6.22 NZ$ (3.54 $) |
9.33 NZ$ (5.31 $) |
+50.0 % |
| Chicken Fillets (1 lb) |
7.16 NZ$ (4.07 $) |
5.73 NZ$ (3.26 $) |
-20.0 % |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) |
9.77 NZ$ (5.56 $) |
7.24 NZ$ (4.12 $) |
-26.0 % |
| Apples (1 lb) |
2.10 NZ$ (1.20 $) |
3.10 NZ$ (1.76 $) |
+47.1 % |
| Banana (1 lb) |
1.71 NZ$ (0.97 $) |
1.08 NZ$ (0.62 $) |
-36.7 % |
| Oranges (1 lb) |
2.30 NZ$ (1.31 $) |
2.19 NZ$ (1.24 $) |
-5.0 % |
| Tomato (1 lb) |
3.61 NZ$ (2.05 $) |
2.34 NZ$ (1.33 $) |
-35.0 % |
| Potato (1 lb) |
1.57 NZ$ (0.89 $) |
1.67 NZ$ (0.95 $) |
+6.4 % |
| Onion (1 lb) |
1.34 NZ$ (0.76 $) |
1.92 NZ$ (1.09 $) |
+43.6 % |
| Lettuce (1 head) |
3.92 NZ$ (2.23 $) |
3.64 NZ$ (2.07 $) |
-7.0 % |
| Water (1.5 liter bottle) |
1.89 NZ$ (1.07 $) |
2.82 NZ$ (1.60 $) |
+49.3 % |
| Bottle of Wine (Mid-Range) |
16.00 NZ$ (9.10 $) |
17.58 NZ$ (10.00 $) |
+9.9 % |
| Domestic Beer (0.5 liter bottle) |
4.90 NZ$ (2.79 $) |
2.11 NZ$ (1.20 $) |
-56.9 % |
| Imported Beer (12 oz small bottle) |
5.78 NZ$ (3.29 $) |
3.94 NZ$ (2.24 $) |
-31.9 % |
| Cigarettes 20 Pack (Marlboro) |
40.00 NZ$ (22.75 $) |
10.29 NZ$ (5.85 $) |
-74.3 % |
Transportation | New Zealand Edit |
Panama Edit | |
| One-way Ticket (Local Transport) |
4.00 NZ$ (2.27 $) |
1.05 NZ$ (0.60 $) |
-73.6 % |
| Monthly Pass (Regular Price) |
200.00 NZ$ (113.75 $) |
43.96 NZ$ (25.00 $) |
-78.0 % |
| Taxi Start (Normal Tariff) |
4.00 NZ$ (2.27 $) |
3.96 NZ$ (2.25 $) |
-1.1 % |
| Taxi 1 mile (Normal Tariff) |
5.40 NZ$ (3.07 $) |
5.66 NZ$ (3.22 $) |
+4.8 % |
| Taxi 1hour Waiting (Normal Tariff) |
60.00 NZ$ (34.12 $) |
36.92 NZ$ (21.00 $) |
-38.5 % |
| Gasoline (1 gallon) |
10.63 NZ$ (6.05 $) |
6.18 NZ$ (3.51 $) |
-41.9 % |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) |
45,495.00 NZ$ (25,874.54 $) |
35,165.84 NZ$ (20,000.00 $) |
-22.7 % |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) |
35,981.44 NZ$ (20,463.86 $) |
37,741.01 NZ$ (21,464.58 $) |
+4.9 % |
Utilities (Monthly) | New Zealand Edit |
Panama Edit | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment |
228.61 NZ$ (130.02 $) |
191.66 NZ$ (109.00 $) |
-16.2 % |
| Mobile Phone Monthly Plan with Calls and 10GB+ Data |
58.20 NZ$ (33.10 $) |
51.81 NZ$ (29.47 $) |
-11.0 % |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) |
86.18 NZ$ (49.01 $) |
85.89 NZ$ (48.85 $) |
-0.3 % |
Sports And Leisure | New Zealand Edit |
Panama Edit | |
| Fitness Club, Monthly Fee for 1 Adult |
61.17 NZ$ (34.79 $) |
92.14 NZ$ (52.40 $) |
+50.6 % |
| Tennis Court Rent (1 Hour on Weekend) |
25.72 NZ$ (14.63 $) |
65.94 NZ$ (37.50 $) |
+156.4 % |
| Cinema, International Release, 1 Seat |
20.00 NZ$ (11.37 $) |
12.31 NZ$ (7.00 $) |
-38.5 % |
Childcare | New Zealand Edit |
Panama Edit | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child |
1,293.69 NZ$ (735.77 $) |
785.37 NZ$ (446.67 $) |
-39.3 % |
| International Primary School, Yearly for 1 Child |
19,655.65 NZ$ (11,178.83 $) |
18,330.19 NZ$ (10,425.00 $) |
-6.7 % |
Clothing And Shoes | New Zealand Edit |
Panama Edit | |
| 1 Pair of Jeans (Levis 501 Or Similar) |
113.21 NZ$ (64.38 $) |
84.87 NZ$ (48.27 $) |
-25.0 % |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) |
71.52 NZ$ (40.67 $) |
72.36 NZ$ (41.15 $) |
+1.2 % |
| 1 Pair of Nike Running Shoes (Mid-Range) |
160.68 NZ$ (91.38 $) |
147.11 NZ$ (83.67 $) |
-8.4 % |
| 1 Pair of Men Leather Business Shoes |
196.66 NZ$ (111.85 $) |
194.21 NZ$ (110.45 $) |
-1.2 % |
Rent Per Month | New Zealand Edit |
Panama Edit | |
| Apartment (1 bedroom) in City Centre |
1,816.60 NZ$ (1,033.16 $) |
1,622.54 NZ$ (922.79 $) |
-10.7 % |
| Apartment (1 bedroom) Outside of Centre |
1,531.10 NZ$ (870.79 $) |
1,255.66 NZ$ (714.14 $) |
-18.0 % |
| Apartment (3 bedrooms) in City Centre |
2,899.88 NZ$ (1,649.26 $) |
3,083.59 NZ$ (1,753.74 $) |
+6.3 % |
| Apartment (3 bedrooms) Outside of Centre |
2,501.59 NZ$ (1,422.74 $) |
2,373.69 NZ$ (1,350.00 $) |
-5.1 % |
Buy Apartment Price | New Zealand Edit |
Panama Edit | |
| Price per Square Feet to Buy Apartment in City Centre |
778.15 NZ$ (442.56 $) |
362.70 NZ$ (206.28 $) |
-53.4 % |
| Price per Square Feet to Buy Apartment Outside of Centre |
646.14 NZ$ (367.48 $) |
252.43 NZ$ (143.56 $) |
-60.9 % |
Salaries And Financing | New Zealand Edit |
Panama Edit | |
| Average Monthly Net Salary (After Tax) |
5,002.51 NZ$ (2,845.09 $) |
1,452.85 NZ$ (826.28 $) |
-71.0 % |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 6.76 | 6.30 | -6.9 % |
| Last update: | March 2025 | March 2025 | |
| Contributors in the past 12 months: | 468 | 90 |
Moving to Panama? Explore:
Other comparisons New Zealand vs Panama: