Cost of living in Panama compared to New Zealand
Currency:
Food | - 33% | |||
---|---|---|---|---|
Food in Panama is 33% cheaper than in New Zealand | ||||
Panama | New Zealand | Diff | ||
Basic lunchtime menu (including a drink) in the business district | 14 B/. (NZ$23) | NZ$25 | - 10% | |
Combo meal in fast food restaurant (big mac meal or similar) | 7 B/. (NZ$11) | NZ$17 | - 34% | |
500 gr (1 lb.) of boneless chicken breast | 3.30 B/. (NZ$5.49) | NZ$9 | - 37% | |
1 liter (1 qt.) of whole fat milk | 1.73 B/. (NZ$2.88) | NZ$2.57 | + 12% | |
12 eggs, large | 2.63 B/. (NZ$4.37) | NZ$11 | - 60% | |
1 kg (2 lb.) of tomatoes | 2.58 B/. (NZ$4.30) | NZ$9 | - 51% | |
500 gr (16 oz.) of local cheese | 6 B/. (NZ$10) | NZ$9 | + 17% | |
1 kg (2 lb.) of apples | 1.97 B/. (NZ$3.27) | NZ$4.91 | - 33% | |
1 kg (2 lb.) of potatoes | 2.41 B/. (NZ$4.01) | NZ$4.07 | - 2% | |
0.5 l (16 oz) domestic beer in the supermarket | 1.16 B/. (NZ$1.93) | NZ$7 | - 71% | |
1 bottle of red table wine, good quality | 10 B/. (NZ$17) | NZ$18 | - 10% | |
2 liters of coca-cola | 2.54 B/. (NZ$4.23) | NZ$4.43 | - 5% | |
Bread for 2 people for 1 day | 1.15 B/. (NZ$1.91) | NZ$2.81 | - 32% | |
Housing | - 38% | |||
Housing in Panama is 38% cheaper than in New Zealand | ||||
Panama | New Zealand | Diff | ||
Monthly rent for 85 m2 (900 sqft) furnished accommodation in expensive area | 1,507 B/. (NZ$2,505) | NZ$3,942 | - 36% | |
Monthly rent for 85 m2 (900 sqft) furnished accommodation in normal area | 905 B/. (NZ$1,504) | NZ$3,266 | - 54% | |
Utilities 1 month (heating, electricity, gas ...) for 2 people in 85m2 flat | 107 B/. (NZ$179) | NZ$217 | - 18% | |
Monthly rent for a 45 m2 (480 sqft) furnished studio in expensive area | 875 B/. (NZ$1,454) | NZ$2,548 | - 43% | |
Monthly rent for a 45 m2 (480 sqft) furnished studio in normal area | 559 B/. (NZ$930) | NZ$2,173 | - 57% | |
Utilities 1 month (heating, electricity, gas ...) for 1 person in 45 m2 (480 sqft) studio | 100 B/. (NZ$166) | NZ$156 | + 7% | |
Internet 8 mbps (1 month) | 35 B/. (NZ$59) | NZ$87 | - 33% | |
40” flat screen tv | 317 B/. (NZ$527) | NZ$598 | - 12% | |
Microwave 800/900 watt (bosch, panasonic, lg, sharp, or equivalent brands) | 116 B/. (NZ$193) | NZ$187 | + 3% | |
Laundry detergent (3 l. ~ 100 oz.) | 45 B/. (NZ$75) | NZ$20 | + 265% | |
Hourly rate for cleaning help | 7 B/. (NZ$11) | NZ$34 | - 67% | |
Clothes | - 28% | |||
Clothes in Panama is 28% cheaper than in New Zealand | ||||
Panama | New Zealand | Diff | ||
1 pair of jeans (levis 501 or similar) | 36 B/. (NZ$60) | NZ$142 | - 58% | |
1 summer dress in a high street store (zara, h&m or similar retailers) | 47 B/. (NZ$77) | NZ$92 | - 16% | |
1 pair of sport shoes (nike, adidas, or equivalent brands) | 96 B/. (NZ$159) | NZ$197 | - 19% | |
1 pair of men’s leather business shoes | 94 B/. (NZ$156) | NZ$216 | - 28% | |
Transportation | - 63% | |||
Transportation in Panama is 63% cheaper than in New Zealand | ||||
Panama | New Zealand | Diff | ||
Volkswagen golf 1.4 tsi 150 cv (or equivalent), with no extras, new | 22,809 B/. (NZ$37,907) | NZ$46,501 | - 18% | |
1 liter (1/4 gallon) of gas | 1.01 B/. (NZ$1.68) | NZ$2.77 | - 39% | |
Monthly ticket public transport | 25 B/. (NZ$42) | NZ$185 | - 77% | |
Personal Care | + 24% | |||
Personal Care in Panama is 24% more expensive than in New Zealand | ||||
Panama | New Zealand | Diff | ||
Cold medicine for 6 days (tylenol, frenadol, coldrex, or equivalent brands) | 7 B/. (NZ$12) | NZ$15 | - 20% | |
1 box of antibiotics (12 doses) | 17 B/. (NZ$28) | - | - | |
Short visit to private doctor (15 minutes) | 59 B/. (NZ$98) | NZ$60 | + 64% | |
1 box of 32 tampons (tampax, ob, ...) | 5.50 B/. (NZ$9) | - | - | |
Deodorant, roll-on (50ml ~ 1.5 oz.) | 5.33 B/. (NZ$9) | NZ$5.91 | + 50% | |
Hair shampoo 2-in-1 (400 ml ~ 12 oz.) | 7 B/. (NZ$11) | NZ$8 | + 44% | |
4 rolls of toilet paper | 2.64 B/. (NZ$4.39) | NZ$2.72 | + 62% | |
Tube of toothpaste | 2.96 B/. (NZ$4.91) | NZ$3.49 | + 41% | |
Standard men's haircut in expat area of the city | 14 B/. (NZ$24) | NZ$38 | - 37% | |
Entertainment | - 15% | |||
Entertainment in Panama is 15% cheaper than in New Zealand | ||||
Panama | New Zealand | Diff | ||
Basic dinner out for two in neighborhood pub | 37 B/. (NZ$61) | NZ$82 | - 26% | |
2 tickets to the movies | 12 B/. (NZ$20) | NZ$42 | - 52% | |
2 tickets to the theater (best available seats) | 36 B/. (NZ$59) | NZ$255 | - 77% | |
Dinner for two at an italian restaurant in the expat area including appetisers, main course, wine and dessert | 82 B/. (NZ$137) | NZ$133 | + 3% | |
1 cocktail drink in downtown club | 9 B/. (NZ$15) | NZ$20 | - 26% | |
Cappuccino in expat area of the city | 4.92 B/. (NZ$8) | NZ$5.92 | + 38% | |
1 beer in neighbourhood pub (500ml or 1pt.) | 8 B/. (NZ$13) | NZ$13 | + 5% | |
Ipad wi-fi 128gb | 663 B/. (NZ$1,103) | NZ$1,174 | - 6% | |
1 min. of prepaid mobile tariff (no discounts or plans) | 0.29 B/. (NZ$0.47) | NZ$0.51 | - 7% | |
1 month of gym membership in business district | 80 B/. (NZ$133) | NZ$66 | + 101% | |
1 package of marlboro cigarettes | 6 B/. (NZ$10) | NZ$40 | - 74% | |
TOTAL | - 40% |
These prices were last updated on November 06, 2024.
Exchange rate:
1.662
NZD
/
PAB
This comparison is based on abundant and consistent data. It is based on 900 prices entered by 129 different people.
Cost of living in Panama is 40% cheaper than in New Zealand
Other Country Comparisons
- Cost of living in American Samoa is in New Zealand
- Cost of living in Albania is 55% cheaper than in New Zealand
- Cost of living in Antigua and Barbuda is 20% cheaper than in New Zealand
- Cost of living in Armenia is 42% cheaper than in New Zealand
- Cost of living in Argentina is 35% cheaper than in New Zealand
- Cost of living in Netherlands Antilles is 16% cheaper than in New Zealand
- Cost of living in Angola is 52% cheaper than in New Zealand
- Cost of living in Afghanistan is 57% cheaper than in New Zealand