Last update: Oct 2026

Cost of Living Comparison Between Asuncion and Panama City, FL

For one person, living is cheaper in Asuncion: $1,049 a month against $2,676 in Panama City, FL, rent and utilities included – about $19,500 less a year. Rent and utilities account for most of the difference.

51

Cost of Living Index in Asuncion
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Asuncion Living Index
128

Cost of Living Index in Panama City, FL
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Panama City, FL Living Index

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Asuncion

🇵🇾 Paraguay

$1,049

/mo nomad

Panama City, FL

🇺🇸 United States

$2,676

/mo nomad

Monthly Cost of Living

How much you'll spend in Asuncion and in Panama City, FL

Real prices from locals and on-the-ground checks – rent, groceries, transit and the daily extras. Here's what a month in Asuncion and in Panama City, FL actually costs, broken down by who's living it.

A single person spends $1,049 per month in Asuncion vs $2,676 in Panama City, FL, rent included.

Asuncion $1,049
Panama City, FL $2,676

A couple spends around $1,635 per month in Asuncion vs $3,558 in Panama City, FL, rent included.

Asuncion $1,635
Panama City, FL $3,558

A family of three spends $2,221 per month in Asuncion vs $4,440 in Panama City, FL, rent included.

Asuncion $2,221
Panama City, FL $4,440

Asuncion is about 61% cheaper than Panama City, FL, and outside of rent the biggest gap is in eating out.

Asuncion sits 22% below the global median, while Panama City, FL is 100% above – they fall on opposite sides of the world average.

Meal at Budget Restaurant

$6.66 ₲37.8K

$18.75 $18.75

-64.48%

Three-Course Dinner for Two, Mid-Range

$43.46 ₲246.7K

$54.9 $54.9

-20.88%

Fast Food Meal (McDonalds, etc)

$6.63 ₲37.6K

$12.23 $12.23

-45.79%

Cappuccino

$3.44 ₲19.5K

$5.43 $5.43

-36.65%

Coke/Pepsi/Fanta/Sprite (0.33 liter bottle)

$1.07 ₲6,047

$2.98 $2.98

-64.09%

Water (0.33 liter bottle)

$0.58 ₲3,299

$1.68 $1.68

-65.48%

Local Beer (0.5 liter draught)

$1.85 ₲10.5K

$5.14 $5.14

-64.01%

Imported Beer (0.33 liter bottle)

$1.70 ₲9,643

$7.18 $7.18

-76.32%

Milk (1 liter)

$1.25 ₲7,087

$0.85 $0.85

47.06%

White Bread (500g)

$1.49 ₲8,448

$3.46 $3.46

-56.94%

Rice (white) (1kg)

$1.35 ₲7,645

$2.72 $2.72

-50.37%

Eggs

$2.32 ₲13.2K

$3.24 $3.24

-28.40%

Local Cheese (1kg)

$9.85 ₲55.9K

$10.57 $10.57

-6.81%

Chicken Fillets (1kg)

$5.20 ₲29.5K

$11.72 $11.72

-55.63%

Beef Round Steak (1kg)

$9.91 ₲56.3K

$14.63 $14.63

-32.26%

Apples (1kg)

$2.99 ₲17.0K

$4.10 $4.10

-27.07%

Banana (1kg)

$1.23 ₲6,961

$1.46 $1.46

-15.75%

Oranges (1kg)

$1.21 ₲6,866

$2.70 $2.70

-55.19%

Tomato (1kg)

$2.45 ₲13.9K

$4.33 $4.33

-43.42%

Potato (1kg)

$1.30 ₲7,405

$3.09 $3.09

-57.93%

Onion (1kg)

$1.34 ₲7,583

$2.74 $2.74

-51.09%

Lettuce (1 head)

$0.84 ₲4,746

$2.08 $2.08

-59.62%

Water (1.5 liter bottle)

$0.69 ₲3,926

$2.19 $2.19

-68.49%

Cigarettes 20 Pack (Marlboro, Camel)

$2.24 ₲12.7K

$9.13 $9.13

-75.47%

Wine (Bottle)

$9.02 ₲51.2K

$12.08 $12.08

-25.33%

Local Beer (0.5 liter bottle)

$1.33 ₲7,537

$1.77 $1.77

-24.86%

Imported Beer (0.33 liter bottle)

$1.68 ₲9,516

$3.84 $3.84

-56.25%

One-way Ticket (Public Transport)

$0.57 ₲3,213

$1.54 $1.54

-62.99%

Public Transport Monthly Pass (Regular Price)

$38.02 ₲215.8K

Taxi Start (Normal Tariff)

$1.45 ₲8,222

$2.53 $2.53

-42.69%

Taxi (Normal Tariff) (1km)

$1.57 ₲8,936

$1.58 $1.58

-0.63%

Taxi 1hour Waiting (Normal Tariff)

$10.04 ₲57.0K

$26.14 $26.14

-61.59%

Gasoline (1 liter)

$1.21 ₲6,842

$0.96 $0.96

26.04%

Midsize Hatchback 1.4l (Volkswagen Golf, Toyota Prius, Honda Civic, etc)

$16.9K ₲96.1M

$36.8K $36.8K

-54.05%

Compact Sedan 1.6l (Toyota Corolla, Mazda3, Kia K4, Hyundai Elantra, etc)

$35.3K ₲200.5M

$26.4K $26.4K

34.05%

Utilities for 2 People in 2-bedroom Apartment (Heating, Electricity, Gas, Water, Garbage) (85m2)

$50.1 ₲284.3K

$175 $175

-71.46%

SIM Card Monthly Plan (Calls and 10GB+ Data)

$16.94 ₲96.2K

$44.07 $44.07

-61.56%

Internet (50+ Mbps, Unlimited Data)

$21.75 ₲123.5K

$59.9 $59.9

-63.68%

Gym Membership (Monthly)

$36.50 ₲207.2K

$40.67 $40.67

-10.25%

Tennis Court (1 Hour on Weekend)

$14.89 ₲84.5K

Cinema Ticket

$8.59 ₲48.8K

$12.82 $12.82

-33.00%

Preschool or Kindergarten, Full Day, Private, 1 Child (Monthly)

$184 ₲1.0M

$608 $608

-69.72%

International Primary School, 1 Child (Yearly)

$5,873 ₲33.3M

$14.0K $14.0K

-58.14%

Jeans (Levis 501 Or Similar)

$62.4 ₲354.4K

$47.63 $47.63

31.07%

Summer Dress (H&M, Zara, etc)

$55.4 ₲314.2K

$40.60 $40.60

36.35%

Sport Shoes (Adidas, Nike)

$104 ₲592.2K

$86.0 $86.0

21.29%

Men's Leather Business Shoes

$69.2 ₲392.6K

$95.5 $95.5

-27.56%

1-bedroom Apartment, City Center (Monthly)

$620 ₲3.5M

$1,669 $1,669

-62.82%

1-bedroom Apartment, Outside City Center (Monthly)

$373 ₲2.1M

$1,504 $1,504

-75.19%

3-bedroom Apartment, City Center (Monthly)

$1,050 ₲6.0M

$2,737 $2,737

-61.64%

3-bedroom Apartment, Outside City Center (Monthly)

$624 ₲3.5M

$1,901 $1,901

-67.17%

Buy Apartment in City Center (m2)

$1,716 ₲9.7M

$3,682 $3,682

-53.40%

Buy Apartment Outside City Center (m2)

$1,242 ₲7.0M

$3,639 $3,639

-65.88%

Average Monthly Net Salary (After Tax)

$723 ₲4.1M

$3,989 $3,989

-81.88%

20-Year Fixed Mortgage Interest Rate (Annual %)

10.15

6.54

55.20%

CityCost data is based on AI and user input – minor inaccuracies may occur.

Last update for Asuncion: October 4, 2026

Last update for Panama City, FL: October 4, 2026

Monthly budget structure

Share of the monthly basket for one person, rent included.

Accommodation & Living

Asuncion

$373 35.8%

Panama City, FL

$1.5K 56.7% 303% $1.1K

Groceries & Markets

Asuncion

$213 20.4%

Panama City, FL

$353 13.3% 65.7% $140

Eating Out

Asuncion

$134 12.8%

Panama City, FL

$311 11.7% 133% $177

Clothing & Footwear

Asuncion

$131 12.6%

Panama City, FL

$121 4.6% 7.4% $9.7

Monthly Utilities & Internet

Asuncion

$89 8.5%

Panama City, FL

$279 10.5% 215% $191

Sport & Entertainment

Asuncion

$54 5.2%

Panama City, FL

$66 2.5% 23.5% $13

Getting Around

Asuncion

$50 4.8%

Panama City, FL

$17 * 0.6% 66.5% $33

Categories marked with * are only partly priced – their share counts the items that do have prices.

Cost Breakdown

A central one-bedroom costs $620 in Asuncion versus $1,669 in Panama City, FL. Rent is usually the largest line item in a monthly budget, so the gap here sets the tone for the overall comparison.

Salaries run about 452% higher in Panama City, FL, which partly offsets the higher cost of living there. Purchasing power depends on which expenses matter most to you.

A mid-range dinner for two costs $43.00 in Asuncion versus $55.0 in Panama City, FL. Monthly groceries follow the same trend: $213 vs $353 – making Asuncion the more affordable choice for daily food spending.

Good to know

🇵🇾 Asuncion

🇺🇸 Panama City, FL

🕒 Local time

23:08 11:08 PM

21:08 9:08 PM

2 h behind Asuncion

🌤 Weather

👥 Population

742,023 Capital

36,484

💱 Currency

Paraguayan Guarani PYG ₲

United States Dollar USD $

📈 Exchange rate

10,000 PYG = 1.76 USD

10,000 PYG = 1.57 EUR

1 USD = 0.892 EUR

Exchange rates and currency converter

USD, EUR to PYG – Paraguayan Guarani Converter

🇺🇸 United States Dollar ($)

🇵🇾 Paraguayan Guarani (₲)

Paraguayan Guarani exchange rates as of October 12, 2026: 1 USD = 5,676 PYG (10,000 PYG = 1.76 USD). 1 EUR = 6,361 PYG (10,000 PYG = 1.57 EUR).

United States Dollar exchange rates as of October 12, 2026: 1 EUR = 1.12 USD (1 USD = 0.892 EUR).

USD to PYG in detail →

On the map

Lowest

Highest

Between locations

Asuncion Panama City, FL 6,850 km ≈ 9 h nonstop flight

From you

Asuncion
Panama City, FL

Distances are measured in a straight line. Your location is detected approximately.

City Median Internet Speeds Comparison (Updated April 2026)

The chart highlights the Precision Threshold for mobile and fixed broadband internet speeds, updated quarterly.

Digital Nomad Cost of Living Index

Asuncion vs Panama City, FL: Cost of Living - Frequently Asked Questions

Yes – Panama City, FL is pricier by about 155%, and outside of rent the gap shows up most in eating out.

For a comfortable life, plan on about $1,574 per month in Asuncion and $4,014 in Panama City, FL. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

Rent is clearly cheaper in Asuncion, especially for central apartments. Housing is actually the single biggest factor behind the overall cost gap between these two cities.

Monthly expenses with rent come to $1,049 in Asuncion and $2,676 in Panama City, FL. That's a gap of about 155%.

Kindergarten costs $184 per month in Asuncion and $608 in Panama City, FL. For families with young kids, this one expense can tip the scales when choosing between the two cities.

A $1,500 monthly budget goes further in Asuncion, where all-in costs run around $1,049, than in Panama City, FL at $2,676. In Asuncion it covers expenses comfortably, while in Panama City, FL it requires careful planning or may not stretch far enough.

Families tend to lean toward Asuncion – lower housing and cheaper childcare make a real difference, especially on a single income or when paying for private education.

If budget matters most, go with Asuncion. If higher salaries, better infrastructure, or specific career opportunities are the priority, Panama City, FL makes more sense. Both are solid long-term options with distinct trade-offs.