Cost of Living Comparison Between Panama and New Zealand 
| Indices Difference |  |
|---|---|
| Cost of Living in New Zealand is 29.7% higher than in Panama (excluding rent) | |
| Cost of Living Including Rent in New Zealand is 22.4% higher than in Panama | |
| Rent Prices in New Zealand are 5.1% higher than in Panama | |
| Restaurant Prices in New Zealand are 36.1% higher than in Panama | |
| Groceries Prices in New Zealand are 28.3% higher than in Panama | |
| Local Purchasing Power in New Zealand is 185.1% higher than in Panama | |
Restaurants | Panama Edit |
New Zealand Edit | Difference |
|---|---|---|---|
| Meal, Inexpensive Restaurant |
10.00 $ (17.41 NZ$) |
14.36 $ (25.00 NZ$) |
+43.6 % |
| Meal for 2 People, Mid-range Restaurant, Three-course |
50.00 $ (87.03 NZ$) |
71.81 $ (125.00 NZ$) |
+43.6 % |
| McMeal at McDonalds (or Equivalent Combo Meal) |
7.49 $ (13.04 NZ$) |
8.62 $ (15.00 NZ$) |
+15.1 % |
| Domestic Beer (1 pint draught) |
2.00 $ (3.48 NZ$) |
6.32 $ (11.00 NZ$) |
+216.0 % |
| Imported Beer (12 oz small bottle) |
3.50 $ (6.09 NZ$) |
6.32 $ (11.00 NZ$) |
+80.6 % |
| Cappuccino (regular) |
3.47 $ (6.05 NZ$) |
3.27 $ (5.69 NZ$) |
-5.9 % |
| Coke/Pepsi (12 oz small bottle) |
1.48 $ (2.57 NZ$) |
2.16 $ (3.76 NZ$) |
+46.1 % |
| Water (12 oz small bottle) |
1.22 $ (2.13 NZ$) |
2.01 $ (3.50 NZ$) |
+64.4 % |
Markets | Panama Edit |
New Zealand Edit | |
| Milk (regular), (1 gallon) |
6.85 $ (11.93 NZ$) |
6.50 $ (11.32 NZ$) |
-5.1 % |
| Loaf of Fresh White Bread (1 lb) |
2.21 $ (3.85 NZ$) |
1.68 $ (2.92 NZ$) |
-24.1 % |
| Rice (white), (1 lb) |
1.04 $ (1.82 NZ$) |
0.80 $ (1.40 NZ$) |
-23.1 % |
| Eggs (regular) (12) |
2.67 $ (4.64 NZ$) |
6.17 $ (10.75 NZ$) |
+131.4 % |
| Local Cheese (1 lb) |
5.31 $ (9.24 NZ$) |
3.57 $ (6.22 NZ$) |
-32.7 % |
| Chicken Fillets (1 lb) |
3.29 $ (5.73 NZ$) |
4.11 $ (7.15 NZ$) |
+24.7 % |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) |
4.08 $ (7.10 NZ$) |
5.60 $ (9.76 NZ$) |
+37.4 % |
| Apples (1 lb) |
1.83 $ (3.19 NZ$) |
1.21 $ (2.11 NZ$) |
-33.9 % |
| Banana (1 lb) |
0.60 $ (1.04 NZ$) |
0.98 $ (1.71 NZ$) |
+63.7 % |
| Oranges (1 lb) |
1.27 $ (2.22 NZ$) |
1.33 $ (2.31 NZ$) |
+4.1 % |
| Tomato (1 lb) |
1.33 $ (2.32 NZ$) |
2.06 $ (3.59 NZ$) |
+55.1 % |
| Potato (1 lb) |
0.95 $ (1.66 NZ$) |
0.91 $ (1.58 NZ$) |
-5.0 % |
| Onion (1 lb) |
1.05 $ (1.82 NZ$) |
0.77 $ (1.33 NZ$) |
-26.9 % |
| Lettuce (1 head) |
2.08 $ (3.61 NZ$) |
2.25 $ (3.92 NZ$) |
+8.4 % |
| Water (1.5 liter bottle) |
1.56 $ (2.71 NZ$) |
1.08 $ (1.89 NZ$) |
-30.4 % |
| Bottle of Wine (Mid-Range) |
10.00 $ (17.41 NZ$) |
9.19 $ (16.00 NZ$) |
-8.1 % |
| Domestic Beer (0.5 liter bottle) |
1.20 $ (2.09 NZ$) |
2.84 $ (4.94 NZ$) |
+136.1 % |
| Imported Beer (12 oz small bottle) |
2.15 $ (3.74 NZ$) |
3.32 $ (5.78 NZ$) |
+54.5 % |
| Cigarettes 20 Pack (Marlboro) |
5.92 $ (10.31 NZ$) |
22.98 $ (40.00 NZ$) |
+287.8 % |
Transportation | Panama Edit |
New Zealand Edit | |
| One-way Ticket (Local Transport) |
0.55 $ (0.96 NZ$) |
2.30 $ (4.00 NZ$) |
+317.8 % |
| Monthly Pass (Regular Price) |
25.00 $ (43.52 NZ$) |
102.69 $ (178.75 NZ$) |
+310.8 % |
| Taxi Start (Normal Tariff) |
2.25 $ (3.92 NZ$) |
2.30 $ (4.00 NZ$) |
+2.1 % |
| Taxi 1 mile (Normal Tariff) |
3.22 $ (5.60 NZ$) |
3.14 $ (5.47 NZ$) |
-2.3 % |
| Taxi 1hour Waiting (Normal Tariff) |
21.00 $ (36.55 NZ$) |
34.47 $ (60.00 NZ$) |
+64.1 % |
| Gasoline (1 gallon) |
3.51 $ (6.11 NZ$) |
6.10 $ (10.62 NZ$) |
+73.6 % |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) |
20,000.00 $ (34,813.18 NZ$) |
25,852.28 $ (45,000.00 NZ$) |
+29.3 % |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) |
21,464.58 $ (37,362.52 NZ$) |
20,670.68 $ (35,980.60 NZ$) |
-3.7 % |
Utilities (Monthly) | Panama Edit |
New Zealand Edit | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment |
109.00 $ (189.74 NZ$) |
131.68 $ (229.21 NZ$) |
+20.8 % |
| Mobile Phone Monthly Plan with Calls and 10GB+ Data |
29.47 $ (51.29 NZ$) |
33.44 $ (58.20 NZ$) |
+13.5 % |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) |
48.80 $ (84.94 NZ$) |
49.57 $ (86.28 NZ$) |
+1.6 % |
Sports And Leisure | Panama Edit |
New Zealand Edit | |
| Fitness Club, Monthly Fee for 1 Adult |
52.40 $ (91.22 NZ$) |
35.02 $ (60.95 NZ$) |
-33.2 % |
| Tennis Court Rent (1 Hour on Weekend) |
37.50 $ (65.27 NZ$) |
14.29 $ (24.87 NZ$) |
-61.9 % |
| Cinema, International Release, 1 Seat |
7.00 $ (12.18 NZ$) |
11.49 $ (20.00 NZ$) |
+64.1 % |
Childcare | Panama Edit |
New Zealand Edit | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child |
446.67 $ (777.49 NZ$) |
717.10 $ (1,248.23 NZ$) |
+60.5 % |
| International Primary School, Yearly for 1 Child |
10,425.00 $ (18,146.37 NZ$) |
11,278.43 $ (19,631.90 NZ$) |
+8.2 % |
Clothing And Shoes | Panama Edit |
New Zealand Edit | |
| 1 Pair of Jeans (Levis 501 Or Similar) |
48.27 $ (84.02 NZ$) |
65.23 $ (113.54 NZ$) |
+35.1 % |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) |
41.15 $ (71.63 NZ$) |
41.24 $ (71.78 NZ$) |
+0.2 % |
| 1 Pair of Nike Running Shoes (Mid-Range) |
83.67 $ (145.64 NZ$) |
92.31 $ (160.68 NZ$) |
+10.3 % |
| 1 Pair of Men Leather Business Shoes |
110.45 $ (192.26 NZ$) |
113.33 $ (197.27 NZ$) |
+2.6 % |
Rent Per Month | Panama Edit |
New Zealand Edit | |
| Apartment (1 bedroom) in City Centre |
920.45 $ (1,602.20 NZ$) |
1,041.47 $ (1,812.84 NZ$) |
+13.1 % |
| Apartment (1 bedroom) Outside of Centre |
698.62 $ (1,216.06 NZ$) |
877.18 $ (1,526.87 NZ$) |
+25.6 % |
| Apartment (3 bedrooms) in City Centre |
1,805.53 $ (3,142.82 NZ$) |
1,665.84 $ (2,899.67 NZ$) |
-7.7 % |
| Apartment (3 bedrooms) Outside of Centre |
1,351.92 $ (2,353.24 NZ$) |
1,434.40 $ (2,496.80 NZ$) |
+6.1 % |
Buy Apartment Price | Panama Edit |
New Zealand Edit | |
| Price per Square Feet to Buy Apartment in City Centre |
200.90 $ (349.69 NZ$) |
440.94 $ (767.53 NZ$) |
+119.5 % |
| Price per Square Feet to Buy Apartment Outside of Centre |
143.56 $ (249.89 NZ$) |
367.00 $ (638.82 NZ$) |
+155.6 % |
Salaries And Financing | Panama Edit |
New Zealand Edit | |
| Average Monthly Net Salary (After Tax) |
826.28 $ (1,438.28 NZ$) |
2,884.18 $ (5,020.37 NZ$) |
+249.1 % |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 6.30 | 6.77 | +7.5 % |
| Last update: | March 2025 | March 2025 | |
| Contributors in the past 12 months: | 90 | 465 |
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