Last update: Oct 2026

Cost of Living Comparison Between Asuncion and Panama

Name: Panama
Address: PA

For one person, living is cheaper in Asuncion: $1,049 a month against $1,604 in Panama, rent and utilities included – about $6,700 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
77

Cost of Living Index in Panama
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Panama Living Index

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Asuncion

🇵🇾 Paraguay

$1,049

/mo nomad

🇵🇦 Panama

$1,604

/mo nomad

🙂 Solo nomad: Asuncion is 16.9% cheaper than Panama without rent, and 34.6% cheaper with rent.

🙂 Family of 3: Asuncion is 19.5% cheaper than Panama without rent, and 32.8% cheaper with rent.

Meal at Budget Restaurant

$6.66 ₲37.8K

$7.86 PAB 7.86

-15.27%

Three-Course Dinner for Two, Mid-Range

$43.46 ₲246.7K

$44.75 PAB 44.75

-2.88%

Fast Food Meal (McDonalds, etc)

$6.63 ₲37.6K

$7.89 PAB 7.89

-15.97%

Cappuccino

$3.44 ₲19.5K

$3.84 PAB 3.84

-10.42%

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

$1.07 ₲6,047

$1.59 PAB 1.59

-32.70%

Water (0.33 liter bottle)

$0.58 ₲3,299

$1.41 PAB 1.41

-58.87%

Local Beer (0.5 liter draught)

$1.85 ₲10.5K

$2.19 PAB 2.19

-15.53%

Imported Beer (0.33 liter bottle)

$1.70 ₲9,643

$4.04 PAB 4.04

-57.92%

Milk (1 liter)

$1.25 ₲7,087

$1.85 PAB 1.85

-32.43%

White Bread (500g)

$1.49 ₲8,448

$2.32 PAB 2.32

-35.78%

Rice (white) (1kg)

$1.35 ₲7,645

$2.99 PAB 2.99

-54.85%

Eggs

$2.32 ₲13.2K

$2.48 PAB 2.48

-6.45%

Local Cheese (1kg)

$9.85 ₲55.9K

$12.28 PAB 12.28

-19.79%

Chicken Fillets (1kg)

$5.20 ₲29.5K

$6.94 PAB 6.94

-25.07%

Beef Round Steak (1kg)

$9.91 ₲56.3K

$10.11 PAB 10.11

-1.98%

Apples (1kg)

$2.99 ₲17.0K

$4.18 PAB 4.18

-28.47%

Banana (1kg)

$1.23 ₲6,961

$1.48 PAB 1.48

-16.89%

Oranges (1kg)

$1.21 ₲6,866

$3.65 PAB 3.65

-66.85%

Tomato (1kg)

$2.45 ₲13.9K

$3.73 PAB 3.73

-34.32%

Potato (1kg)

$1.30 ₲7,405

$2.50 PAB 2.50

-48.00%

Onion (1kg)

$1.34 ₲7,583

$3.29 PAB 3.29

-59.27%

Lettuce (1 head)

$0.84 ₲4,746

$2.34 PAB 2.34

-64.10%

Water (1.5 liter bottle)

$0.69 ₲3,926

$1.57 PAB 1.57

-56.05%

Cigarettes 20 Pack (Marlboro, Camel)

$2.24 ₲12.7K

$6.08 PAB 6.08

-63.16%

Wine (Bottle)

$9.02 ₲51.2K

$9.88 PAB 9.88

-8.70%

Local Beer (0.5 liter bottle)

$1.33 ₲7,537

$1.39 PAB 1.39

-4.32%

Imported Beer (0.33 liter bottle)

$1.68 ₲9,516

$2.42 PAB 2.42

-30.58%

One-way Ticket (Public Transport)

$0.57 ₲3,213

$0.43 PAB 0.43

32.56%

Public Transport Monthly Pass (Regular Price)

$38.02 ₲215.8K

$20.96 PAB 20.96

81.39%

Taxi Start (Normal Tariff)

$1.45 ₲8,222

$2.43 PAB 2.43

-40.33%

Taxi (Normal Tariff) (1km)

$1.57 ₲8,936

$1.82 PAB 1.82

-13.74%

Taxi 1hour Waiting (Normal Tariff)

$10.04 ₲57.0K

$21.79 PAB 21.79

-53.92%

Gasoline (1 liter)

$1.21 ₲6,842

$1.18 PAB 1.18

2.54%

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

$16.9K ₲96.1M

$21.5K PAB 21.5K

-21.23%

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

$35.3K ₲200.5M

$22.2K PAB 22.2K

59.18%

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

$50.1 ₲284.3K

$119 PAB 119

-57.92%

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

$16.94 ₲96.2K

$27.03 PAB 27.03

-37.33%

Internet (50+ Mbps, Unlimited Data)

$21.75 ₲123.5K

$47.70 PAB 47.70

-54.40%

Gym Membership (Monthly)

$36.50 ₲207.2K

$48.94 PAB 48.94

-25.42%

Tennis Court (1 Hour on Weekend)

$14.89 ₲84.5K

$30.16 PAB 30.16

-50.63%

Cinema Ticket

$8.59 ₲48.8K

$7.84 PAB 7.84

9.57%

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

$184 ₲1.0M

$536 PAB 536

-65.61%

International Primary School, 1 Child (Yearly)

$5,873 ₲33.3M

$8,069 PAB 8,069

-27.22%

Jeans (Levis 501 Or Similar)

$62.4 ₲354.4K

$53.5 PAB 53.5

16.71%

Summer Dress (H&M, Zara, etc)

$55.4 ₲314.2K

$42.77 PAB 42.77

29.44%

Sport Shoes (Adidas, Nike)

$104 ₲592.2K

$87.4 PAB 87.4

19.38%

Men's Leather Business Shoes

$69.2 ₲392.6K

$103 PAB 103

-33.07%

1-bedroom Apartment, City Center (Monthly)

$620 ₲3.5M

$944 PAB 944

-34.29%

1-bedroom Apartment, Outside City Center (Monthly)

$373 ₲2.1M

$697 PAB 697

-46.43%

3-bedroom Apartment, City Center (Monthly)

$1,050 ₲6.0M

$1,728 PAB 1,728

-39.23%

3-bedroom Apartment, Outside City Center (Monthly)

$624 ₲3.5M

$1,262 PAB 1,262

-50.55%

Buy Apartment in City Center (m2)

$1,716 ₲9.7M

$2,941 PAB 2,941

-41.67%

Buy Apartment Outside City Center (m2)

$1,242 ₲7.0M

$1,673 PAB 1,673

-25.78%

Average Monthly Net Salary (After Tax)

$723 ₲4.1M

$826 PAB 826

-12.44%

20-Year Fixed Mortgage Interest Rate (Annual %)

10.15

6.37

59.34%

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

Last update for Asuncion: October 4, 2026

Last update for Panama: October 5, 2026

Monthly budget structure

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

Accommodation & Living

Asuncion

$373 35.8%

Panama

$697 44% 86.7% $323

Groceries & Markets

Asuncion

$213 20.4%

Panama

$302 19.1% 41.9% $89

Eating Out

Asuncion

$134 12.8%

Panama

$164 10.3% 22.5% $30

Clothing & Footwear

Asuncion

$131 12.6%

Panama

$129 8.2% 1.5% $1.9

Monthly Utilities & Internet

Asuncion

$89 8.5%

Panama

$194 12.2% 118% $105

Sport & Entertainment

Asuncion

$54 5.2%

Panama

$65 4.1% 20.4% $11

Getting Around

Asuncion

$50 4.8%

Panama

$34 2.2% 31% $15

Good to know

🇵🇾 Asuncion

🇵🇦 Panama

🕒 Local time

02:45 2:45 AM

00:45 12:45 AM

2 h behind Asuncion

🌤 Weather

👥 Population

742,023 Capital

4,098,587

💱 Currency

Paraguayan Guarani PYG ₲

Panamanian Balboa PAB B/.

📈 Exchange rate

10,000 PYG = 1.76 USD

10,000 PYG = 1.57 EUR

1 PAB = 1 USD

1 PAB = 0.892 EUR

Exchange rates and currency converter

PAB, USD, EUR to PYG – Paraguayan Guarani Converter

🇺🇸 United States Dollar ($)

🇵🇾 Paraguayan Guarani (₲)

Paraguayan Guarani exchange rates as of October 10, 2026: 1 USD = 5,676 PYG (10,000 PYG = 1.76 USD). 1 EUR = 6,366 PYG (10,000 PYG = 1.57 EUR).

Panamanian Balboa exchange rates as of October 10, 2026: 1 USD = 1 PAB (1 PAB = 1 USD). 1 EUR = 1.12 PAB (1 PAB = 0.892 EUR).

USD to PYG in detail →

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