New Zealand vs Panama - Cost of Living Comparison

Updated:

Livingcost

New Zealand Panama
🚶 Cost of living one person
$1935
$1260
👨‍👩‍👧‍👦 Cost of living Family
$4375
$3090
🏠 One person rent
$1113
$654
🏘️ Family rent
$1847
$1202
🍽️ Food expenses
$550
$442
🚐 Transport expenses
$148
$67.1
💳 Monthly salary after tax
$3333
$856
💸 GDP per capita
$48528
$18662
😃 Human freedom index
8.88
7.57
❤️ Life expectancy
82.8
76.8
👮 Corruption perceptions index
85
35
🌐 English speaking %
97.8%
14%
🎓 Higher education
91
46
😀 Quality of life
89
55
🏙️ Population
5.12M
4.1M

The average cost of living in New Zealand ($1935) is 54% more expensive than in Panama ($1260). New Zealand ranked 18th vs 47th for Panama in the list of the most expensive countries in the world.

The average after-tax salary is enough to cover living expenses for 1.7 months in New Zealand compared to 0.7 months in Panama. Ranked 15th and 71st best countries to live in the world.

Salary adjustment calculator
the estimated difference in money purchasing power

Cost of living in New Zealand vs Panama infographic

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Prices in New Zealand vs Panama

We calculate prices for New Zealand and Panama as a population-weighted mean of 31 and 10 cities, respectively. Since large cities tend to have a higher cost of living, it's better to visit specific city pages below for more relevant information.

New Zealand Panama
Eating Out
🍱 Lunch Menu
$14.4
$11.3
🥂 Dinner in a Restaurant, for 2
$73.6
$54.2
🥪 Fast food meal, equiv. McDonald's
$9.77
$7.61
🍻 Beer in a Pub, 0.5 L or 16 fl oz
$6.93
$2.82
 Cappuccino
$3.57
$3.96
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz
$2.34
$1.88
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2
$1113
$699
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2
$943
$483
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2
$1992
$1448
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2
$1587
$928
🔌 Utility Bill one person, electricity, heating, water, etc.
$82.9
$80
🔌 Utility Bill for a Family, electricity, heating, water, etc.
$126
$122
🌐 Internet plan, 50 Mbps+ 1 month unlimited
$53.3
$47.6
🏦 Mortgage Interest Rate for 20 Years
6.82%
6.19%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2
$6644
$2352
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2
$5526
$1504
Transportation
🚌 Local transport ticket
$2.41
$0.4
🎟️ Monthly ticket local transport
$96.7
$30.2
🚕 Taxi Ride, 8 km or 5 mi
$18.9
$14.8
 Gas / Petrol, 1 L or 0.26 gal
$1.77
$1.05
Groceries
🥛 Milk, 1 L or 1 qt
$1.82
$1.77
🍞 Bread, 0.5 kg or 1.1 lb
$2.01
$2.23
🍚 Rice, 1 kg or 2.2 lb
$1.89
$2.26
🥚 Eggs, x12
$6.89
$2.67
🧀 Cheese, 1 kg or 2.2 lb
$8.83
$12.5
🐔 Chicken Breast, 1 kg or 2.2 lb
$10.1
$7.36
🥩 Round Steak, 1 kg or 2.2 lb
$13.4
$9.88
🍏 Apples, 1 kg or 2.2 lb
$2.93
$3.32
🍌 Banana, 1 kg or 2.2 lb
$2.38
$1.54
🍊 Oranges, 1 kg or 2.2 lb
$3.06
$3.08
🍅 Tomato, 1 kg or 2.2 lb
$5.5
$2.92
🥔 Potato, 1 kg or 2.2 lb
$2.26
$2.23
🧅 Onion, 1 kg or 2.2 lb
$1.99
$2.51
🌊 Water, 1 L or 1 qt
$0.88
$1.01
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz
$2.53
$2.44
🍾 Wine (mid-priced), 750 mL bottle
$11.1
$8.84
🍺 Beer, 0.5 L or 16 fl oz
$3.3
$1.11
🚬 Cigarette pack
$24.2
$5.89
💊 Cold medicince, 1 week
$10.6
$12.1
🧴 Hair Shampoo
$4.26
$6.01
🧻 Toilet paper, 4 rolls
$1.92
$2.89
👄 Toothpaste, 1 tube
$2.6
$2.65
Other
🏋️ Gym Membership, 1 month
$39.4
$38.9
🎫 Cinema Ticket, 1 person
$13
$6.51
👩‍⚕️ Doctor's visit
$36.7
$45.6
💇 Haircut, simple
$17.5
$11.5
👖 Brand Jeans
$74.9
$53.1
👟 Brand Sneakers
$105
$86.4
👶 Daycare or Preschool, 1 month
$798
$438
🏫 International Primary School, 1 year
$12676
$9292

Cost of living in other countries

Cost of living

Cities Comparison in New Zealand vs Panama

More countries to compare

Cost of Living in Popular cities

In New Zealand

City Cost of living Population
Auckland
$2205
1.47M
Manukau
$1939
376K
Christchurch
$1981
383K
Wellington
$2235
216K
Hamilton
$1671
177K
Tauranga
$1791
151K
Lower Hutt
$1866
103K
Dunedin
$1463
106K
Napier
$1403
66.3K
Palmerston North
$1318
81.5K
Rotorua
$1274
58.5K
Hibiscus Coast
$1861
59.8K
New Plymouth
$1447
57.6K
Porirua
$1844
59.6K
Nelson
$1640
51.1K
Whangarei
$1531
54.4K
Invercargill
$1359
50.2K
Upper Hutt
$1784
44.3K
Gisborne
$1654
37K
Hastings
$1205
49K
Timaru
$1879
28.7K
Queenstown
$1928
29K
Whanganui
$1573
42.2K
Paraparaumu
$1729
30.1K
Pukekohe
$1634
26.5K
Taupo
$1569
25.4K
Blenheim
$1406
28.2K
Wanaka
$1916
8.9K
Masterton
$1334
21.4K
Avarua
$1099
4.01K

In Panama

City Cost of living Population
Panama City
$1384
881K
Colon
$1182
242K
Tocumen
$1231
103K
Santiago de Veraguas
$1056
89K
La Chorrera
$953
68.9K
Balboa
$1249
62.9K
David
$833
82.9K
Pacora
$1249
52.5K
Chitre
$1091
46.2K
Penonome
$1098
21.7K