Last update: Oct 2026

Cost of Living Comparison Between Panama City, FL and Asuncion

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.

128

Cost of Living Index in Panama City, FL
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Panama City, FL Living Index
51

Cost of Living Index in Asuncion
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Asuncion Living Index

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Panama City, FL

🇺🇸 United States

$2,676

/mo nomad

Asuncion

🇵🇾 Paraguay

$1,049

/mo nomad

Monthly Cost of Living

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

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

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

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

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

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

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

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

Panama City, FL costs about 155% more than Asuncion, and outside of rent the biggest gap is in eating out.

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

Meal at Budget Restaurant

$18.75 $18.75

$6.66 ₲37.8K

181.53%

Three-Course Dinner for Two, Mid-Range

$54.9 $54.9

$43.46 ₲246.7K

26.39%

Fast Food Meal (McDonalds, etc)

$12.23 $12.23

$6.63 ₲37.6K

84.46%

Cappuccino

$5.43 $5.43

$3.44 ₲19.5K

57.85%

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

$2.98 $2.98

$1.07 ₲6,047

178.50%

Water (0.33 liter bottle)

$1.68 $1.68

$0.58 ₲3,299

189.66%

Local Beer (0.5 liter draught)

$5.14 $5.14

$1.85 ₲10.5K

177.84%

Imported Beer (0.33 liter bottle)

$7.18 $7.18

$1.70 ₲9,643

322.35%

Milk (1 liter)

$0.85 $0.85

$1.25 ₲7,087

-32.00%

White Bread (500g)

$3.46 $3.46

$1.49 ₲8,448

132.21%

Rice (white) (1kg)

$2.72 $2.72

$1.35 ₲7,645

101.48%

Eggs

$3.24 $3.24

$2.32 ₲13.2K

39.66%

Local Cheese (1kg)

$10.57 $10.57

$9.85 ₲55.9K

7.31%

Chicken Fillets (1kg)

$11.72 $11.72

$5.20 ₲29.5K

125.38%

Beef Round Steak (1kg)

$14.63 $14.63

$9.91 ₲56.3K

47.63%

Apples (1kg)

$4.10 $4.10

$2.99 ₲17.0K

37.12%

Banana (1kg)

$1.46 $1.46

$1.23 ₲6,961

18.70%

Oranges (1kg)

$2.70 $2.70

$1.21 ₲6,866

123.14%

Tomato (1kg)

$4.33 $4.33

$2.45 ₲13.9K

76.73%

Potato (1kg)

$3.09 $3.09

$1.30 ₲7,405

137.69%

Onion (1kg)

$2.74 $2.74

$1.34 ₲7,583

104.48%

Lettuce (1 head)

$2.08 $2.08

$0.84 ₲4,746

147.62%

Water (1.5 liter bottle)

$2.19 $2.19

$0.69 ₲3,926

217.39%

Cigarettes 20 Pack (Marlboro, Camel)

$9.13 $9.13

$2.24 ₲12.7K

307.59%

Wine (Bottle)

$12.08 $12.08

$9.02 ₲51.2K

33.92%

Local Beer (0.5 liter bottle)

$1.77 $1.77

$1.33 ₲7,537

33.08%

Imported Beer (0.33 liter bottle)

$3.84 $3.84

$1.68 ₲9,516

128.57%

One-way Ticket (Public Transport)

$1.54 $1.54

$0.57 ₲3,213

170.18%

Public Transport Monthly Pass (Regular Price)

$38.02 ₲215.8K

Taxi Start (Normal Tariff)

$2.53 $2.53

$1.45 ₲8,222

74.48%

Taxi (Normal Tariff) (1km)

$1.58 $1.58

$1.57 ₲8,936

0.64%

Taxi 1hour Waiting (Normal Tariff)

$26.14 $26.14

$10.04 ₲57.0K

160.36%

Gasoline (1 liter)

$0.96 $0.96

$1.21 ₲6,842

-20.66%

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

$36.8K $36.8K

$16.9K ₲96.1M

117.61%

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

$26.4K $26.4K

$35.3K ₲200.5M

-25.40%

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

$175 $175

$50.1 ₲284.3K

250.40%

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

$44.07 $44.07

$16.94 ₲96.2K

160.15%

Internet (50+ Mbps, Unlimited Data)

$59.9 $59.9

$21.75 ₲123.5K

175.31%

Gym Membership (Monthly)

$40.67 $40.67

$36.50 ₲207.2K

11.42%

Tennis Court (1 Hour on Weekend)

$14.89 ₲84.5K

Cinema Ticket

$12.82 $12.82

$8.59 ₲48.8K

49.24%

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

$608 $608

$184 ₲1.0M

230.25%

International Primary School, 1 Child (Yearly)

$14.0K $14.0K

$5,873 ₲33.3M

138.90%

Jeans (Levis 501 Or Similar)

$47.63 $47.63

$62.4 ₲354.4K

-23.71%

Summer Dress (H&M, Zara, etc)

$40.60 $40.60

$55.4 ₲314.2K

-26.66%

Sport Shoes (Adidas, Nike)

$86.0 $86.0

$104 ₲592.2K

-17.55%

Men's Leather Business Shoes

$95.5 $95.5

$69.2 ₲392.6K

38.05%

1-bedroom Apartment, City Center (Monthly)

$1,669 $1,669

$620 ₲3.5M

168.93%

1-bedroom Apartment, Outside City Center (Monthly)

$1,504 $1,504

$373 ₲2.1M

303.10%

3-bedroom Apartment, City Center (Monthly)

$2,737 $2,737

$1,050 ₲6.0M

160.67%

3-bedroom Apartment, Outside City Center (Monthly)

$1,901 $1,901

$624 ₲3.5M

204.56%

Buy Apartment in City Center (m2)

$3,682 $3,682

$1,716 ₲9.7M

114.59%

Buy Apartment Outside City Center (m2)

$3,639 $3,639

$1,242 ₲7.0M

193.07%

Average Monthly Net Salary (After Tax)

$3,989 $3,989

$723 ₲4.1M

451.93%

20-Year Fixed Mortgage Interest Rate (Annual %)

6.54

10.15

-35.57%

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

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

Last update for Asuncion: October 4, 2026

Monthly budget structure

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

Accommodation & Living

Panama City, FL

$1.5K 56.7%

Asuncion

$373 35.8% 75.2% $1.1K

Groceries & Markets

Panama City, FL

$353 13.3%

Asuncion

$213 20.4% 39.6% $140

Eating Out

Panama City, FL

$311 11.7%

Asuncion

$134 12.8% 57% $177

Monthly Utilities & Internet

Panama City, FL

$279 10.5%

Asuncion

$89 8.5% 68.2% $191

Clothing & Footwear

Panama City, FL

$121 4.6%

Asuncion

$131 12.6% 8% $9.7

Sport & Entertainment

Panama City, FL

$66 2.5%

Asuncion

$54 5.2% 19% $13

Getting Around

Panama City, FL

$17 * 0.6%

Asuncion

$50 4.8% 199% $33

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

Cost Breakdown

A central one-bedroom costs $1,669 in Panama City, FL versus $620 in Asuncion. 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 $55.0 in Panama City, FL versus $43.00 in Asuncion. Monthly groceries follow the same trend: $353 vs $213 – making Asuncion the more affordable choice for daily food spending.

Good to know

🇺🇸 Panama City, FL

🇵🇾 Asuncion

🕒 Local time

20:17 8:17 PM

22:17 10:17 PM

2 h ahead of Panama City, FL

🌤 Weather

👥 Population

36,484

742,023 Capital

💱 Currency

United States Dollar USD $

Paraguayan Guarani PYG ₲

📈 Exchange rate

1 USD = 0.892 EUR

10,000 PYG = 1.76 USD

10,000 PYG = 1.57 EUR

Exchange rates and currency converter

PYG, EUR to USD – United States Dollar Converter

🇵🇾 Paraguayan Guarani (₲)

🇺🇸 United States Dollar ($)

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

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).

PYG to USD in detail →

On the map

Lowest

Highest

Between locations

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

From you

Panama City, FL
Asuncion

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

Panama City, FL vs Asuncion: 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 $4,014 per month in Panama City, FL and $1,574 in Asuncion. 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 $2,676 in Panama City, FL and $1,049 in Asuncion. That's a gap of about 155%.

Kindergarten costs $608 per month in Panama City, FL and $184 in Asuncion. 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.