Last update: Oct 2026

Cost of Living Comparison Between Panama City and Paraguay

Name: Paraguay
Address: PY

For one person, living is cheaper in Paraguay: $973 a month against $1,837 in Panama City, rent and utilities included – about $10,400 less a year. Rent and utilities account for most of the difference.

90

Cost of Living Index in Panama City
Learn more

Panama City Living Index
47

Cost of Living Index in Paraguay
Learn more

Paraguay Living Index

Jump to prices

Panama City

🇵🇦 Panama

$1,837

/mo nomad

🇵🇾 Paraguay

$973

/mo nomad

😐 Solo nomad: Panama City is 50.6% more expensive than Paraguay without rent, and 88.8% more expensive with rent.

😐 Family of 3: Panama City is 44.5% more expensive than Paraguay without rent, and 84.1% more expensive with rent.

Meal at Budget Restaurant

$11.34 PAB 11.34

$6.45 ₲36.6K

75.81%

Three-Course Dinner for Two, Mid-Range

$47.85 PAB 47.85

$34.41 ₲195.3K

39.06%

Fast Food Meal (McDonalds, etc)

$8.07 PAB 8.07

$6.96 ₲39.5K

15.95%

Cappuccino

$4.02 PAB 4.02

$2.88 ₲16.4K

39.58%

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

$1.94 PAB 1.94

$1.08 ₲6,127

79.63%

Water (0.33 liter bottle)

$1.62 PAB 1.62

$0.56 ₲3,179

189.29%

Local Beer (0.5 liter draught)

$3.26 PAB 3.26

$1.74 ₲9,862

87.36%

Imported Beer (0.33 liter bottle)

$3.99 PAB 3.99

$1.99 ₲11.3K

100.50%

Milk (1 liter)

$1.83 PAB 1.83

$1.16 ₲6,599

57.76%

White Bread (500g)

$2.57 PAB 2.57

$1.35 ₲7,648

90.37%

Rice (white) (1kg)

$3.33 PAB 3.33

$1.29 ₲7,327

158.14%

Eggs

$2.69 PAB 2.69

$2.30 ₲13.1K

16.96%

Local Cheese (1kg)

$12.33 PAB 12.33

$8.48 ₲48.1K

45.40%

Chicken Fillets (1kg)

$6.69 PAB 6.69

$4.58 ₲26.0K

46.07%

Beef Round Steak (1kg)

$10.40 PAB 10.40

$9.47 ₲53.7K

9.82%

Apples (1kg)

$4.16 PAB 4.16

$2.77 ₲15.7K

50.18%

Banana (1kg)

$1.84 PAB 1.84

$1.18 ₲6,725

55.93%

Oranges (1kg)

$4.18 PAB 4.18

$1.19 ₲6,778

251.26%

Tomato (1kg)

$4.08 PAB 4.08

$2.29 ₲13.0K

78.17%

Potato (1kg)

$3.50 PAB 3.50

$1.30 ₲7,351

169.23%

Onion (1kg)

$4.37 PAB 4.37

$1.26 ₲7,161

246.83%

Lettuce (1 head)

$2.34 PAB 2.34

$0.77 ₲4,374

203.90%

Water (1.5 liter bottle)

$1.75 PAB 1.75

$0.72 ₲4,083

143.06%

Cigarettes 20 Pack (Marlboro, Camel)

$6.06 PAB 6.06

$1.72 ₲9,770

252.33%

Wine (Bottle)

$11.72 PAB 11.72

$6.00 ₲34.1K

95.33%

Local Beer (0.5 liter bottle)

$1.37 PAB 1.37

$1.02 ₲5,795

34.31%

Imported Beer (0.33 liter bottle)

$2.84 PAB 2.84

$1.78 ₲10.1K

59.55%

One-way Ticket (Public Transport)

$0.36 PAB 0.36

$0.59 ₲3,337

-38.98%

Public Transport Monthly Pass (Regular Price)

$20.96 PAB 20.96

$35.17 ₲199.6K

-40.40%

Taxi Start (Normal Tariff)

$2.52 PAB 2.52

$1.43 ₲8,131

76.22%

Taxi (Normal Tariff) (1km)

$1.79 PAB 1.79

$1.52 ₲8,616

17.76%

Taxi 1hour Waiting (Normal Tariff)

$22.01 PAB 22.01

$8.17 ₲46.4K

169.40%

Gasoline (1 liter)

$1.25 PAB 1.25

$1.22 ₲6,919

2.46%

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

$21.5K PAB 21.5K

$16.9K ₲95.7M

27.70%

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

$21.2K PAB 21.2K

$29.9K ₲169.9M

-29.19%

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

$131 PAB 131

$52.2 ₲296.4K

151.25%

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

$27.68 PAB 27.68

$17.02 ₲96.6K

62.63%

Internet (50+ Mbps, Unlimited Data)

$48.59 PAB 48.59

$21.23 ₲120.5K

128.87%

Gym Membership (Monthly)

$46.11 PAB 46.11

$34.29 ₲194.6K

34.47%

Tennis Court (1 Hour on Weekend)

$35.01 PAB 35.01

$15.41 ₲87.5K

127.19%

Cinema Ticket

$8.73 PAB 8.73

$6.99 ₲39.7K

24.89%

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

$551 PAB 551

$184 ₲1.0M

198.89%

International Primary School, 1 Child (Yearly)

$9,560 PAB 9,560

$4,866 ₲27.6M

96.45%

Jeans (Levis 501 Or Similar)

$67.6 PAB 67.6

$57.2 ₲324.9K

18.12%

Summer Dress (H&M, Zara, etc)

$48.03 PAB 48.03

$58.2 ₲330.3K

-17.47%

Sport Shoes (Adidas, Nike)

$94.9 PAB 94.9

$99.0 ₲562.0K

-4.16%

Men's Leather Business Shoes

$113 PAB 113

$69.4 ₲393.8K

62.78%

1-bedroom Apartment, City Center (Monthly)

$1,238 PAB 1,238

$556 ₲3.2M

122.66%

1-bedroom Apartment, Outside City Center (Monthly)

$873 PAB 873

$346 ₲2.0M

152.05%

3-bedroom Apartment, City Center (Monthly)

$2,197 PAB 2,197

$923 ₲5.2M

138.01%

3-bedroom Apartment, Outside City Center (Monthly)

$1,538 PAB 1,538

$607 ₲3.4M

153.62%

Buy Apartment in City Center (m2)

$3,116 PAB 3,116

$1,680 ₲9.5M

85.48%

Buy Apartment Outside City Center (m2)

$1,725 PAB 1,725

$1,230 ₲7.0M

40.25%

Average Monthly Net Salary (After Tax)

$934 PAB 934

$622 ₲3.5M

50.29%

20-Year Fixed Mortgage Interest Rate (Annual %)

6.39

10.19

-37.29%

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

Last update for Panama City: October 3, 2026

Last update for Paraguay: October 4, 2026

Monthly budget structure

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

Accommodation & Living

Panama City

$873 47.2%

Paraguay

$346 35.4% 60.3% $527

Groceries & Markets

Panama City

$324 17.5%

Paraguay

$192 19.7% 40.7% $132

Monthly Utilities & Internet

Panama City

$207 11.2%

Paraguay

$90 9.3% 56.4% $117

Eating Out

Panama City

$202 10.9%

Paraguay

$126 12.9% 37.4% $75

Clothing & Footwear

Panama City

$146 7.9%

Paraguay

$128 13.1% 12.3% $18

Sport & Entertainment

Panama City

$64 3.4%

Paraguay

$48 4.9% 24.1% $15

Getting Around

Panama City

$34 1.8%

Paraguay

$47 4.8% 37.4% $13

Good to know

🇵🇦 Panama City

🇵🇾 Paraguay

🕒 Local time

06:37 6:37 AM

08:37 8:37 AM

2 h ahead of Panama City

🌤 Weather

👥 Population

1,086,990 Capital

6,811,297

💱 Currency

Panamanian Balboa PAB B/.

Paraguayan Guarani PYG ₲

📈 Exchange rate

1 PAB = 1 USD

1 PAB = 0.892 EUR

10,000 PYG = 1.76 USD

10,000 PYG = 1.57 EUR

Exchange rates and currency converter

PYG, USD, EUR to PAB – Panamanian Balboa Converter

🇺🇸 United States Dollar ($)

🇵🇦 Panamanian Balboa (B/.)

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).

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

USD to PAB in detail →

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