Last update: Oct 2026

Cost of Living Comparison Between Panama and Asuncion

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.

77

Cost of Living Index in Panama
Learn more

Panama Living Index
51

Cost of Living Index in Asuncion
Learn more

Asuncion Living Index

Jump to prices

🇵🇦 Panama

$1,604

/mo nomad

Asuncion

🇵🇾 Paraguay

$1,049

/mo nomad

😐 Solo nomad: Panama is 20.4% more expensive than Asuncion without rent, and 52.8% more expensive with rent.

😐 Family of 3: Panama is 24.2% more expensive than Asuncion without rent, and 48.7% more expensive with rent.

Meal at Budget Restaurant

$7.86 PAB 7.86

$6.66 ₲37.8K

18.02%

Three-Course Dinner for Two, Mid-Range

$44.75 PAB 44.75

$43.46 ₲246.7K

2.97%

Fast Food Meal (McDonalds, etc)

$7.89 PAB 7.89

$6.63 ₲37.6K

19.00%

Cappuccino

$3.84 PAB 3.84

$3.44 ₲19.5K

11.63%

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

$1.59 PAB 1.59

$1.07 ₲6,047

48.60%

Water (0.33 liter bottle)

$1.41 PAB 1.41

$0.58 ₲3,299

143.10%

Local Beer (0.5 liter draught)

$2.19 PAB 2.19

$1.85 ₲10.5K

18.38%

Imported Beer (0.33 liter bottle)

$4.04 PAB 4.04

$1.70 ₲9,643

137.65%

Milk (1 liter)

$1.85 PAB 1.85

$1.25 ₲7,087

48.00%

White Bread (500g)

$2.32 PAB 2.32

$1.49 ₲8,448

55.70%

Rice (white) (1kg)

$2.99 PAB 2.99

$1.35 ₲7,645

121.48%

Eggs

$2.48 PAB 2.48

$2.32 ₲13.2K

6.90%

Local Cheese (1kg)

$12.28 PAB 12.28

$9.85 ₲55.9K

24.67%

Chicken Fillets (1kg)

$6.94 PAB 6.94

$5.20 ₲29.5K

33.46%

Beef Round Steak (1kg)

$10.11 PAB 10.11

$9.91 ₲56.3K

2.02%

Apples (1kg)

$4.18 PAB 4.18

$2.99 ₲17.0K

39.80%

Banana (1kg)

$1.48 PAB 1.48

$1.23 ₲6,961

20.33%

Oranges (1kg)

$3.65 PAB 3.65

$1.21 ₲6,866

201.65%

Tomato (1kg)

$3.73 PAB 3.73

$2.45 ₲13.9K

52.24%

Potato (1kg)

$2.50 PAB 2.50

$1.30 ₲7,405

92.31%

Onion (1kg)

$3.29 PAB 3.29

$1.34 ₲7,583

145.52%

Lettuce (1 head)

$2.34 PAB 2.34

$0.84 ₲4,746

178.57%

Water (1.5 liter bottle)

$1.57 PAB 1.57

$0.69 ₲3,926

127.54%

Cigarettes 20 Pack (Marlboro, Camel)

$6.08 PAB 6.08

$2.24 ₲12.7K

171.43%

Wine (Bottle)

$9.88 PAB 9.88

$9.02 ₲51.2K

9.53%

Local Beer (0.5 liter bottle)

$1.39 PAB 1.39

$1.33 ₲7,537

4.51%

Imported Beer (0.33 liter bottle)

$2.42 PAB 2.42

$1.68 ₲9,516

44.05%

One-way Ticket (Public Transport)

$0.43 PAB 0.43

$0.57 ₲3,213

-24.56%

Public Transport Monthly Pass (Regular Price)

$20.96 PAB 20.96

$38.02 ₲215.8K

-44.87%

Taxi Start (Normal Tariff)

$2.43 PAB 2.43

$1.45 ₲8,222

67.59%

Taxi (Normal Tariff) (1km)

$1.82 PAB 1.82

$1.57 ₲8,936

15.92%

Taxi 1hour Waiting (Normal Tariff)

$21.79 PAB 21.79

$10.04 ₲57.0K

117.03%

Gasoline (1 liter)

$1.18 PAB 1.18

$1.21 ₲6,842

-2.48%

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

$21.5K PAB 21.5K

$16.9K ₲96.1M

26.95%

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

$22.2K PAB 22.2K

$35.3K ₲200.5M

-37.18%

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

$119 PAB 119

$50.1 ₲284.3K

137.62%

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

$27.03 PAB 27.03

$16.94 ₲96.2K

59.56%

Internet (50+ Mbps, Unlimited Data)

$47.70 PAB 47.70

$21.75 ₲123.5K

119.31%

Gym Membership (Monthly)

$48.94 PAB 48.94

$36.50 ₲207.2K

34.08%

Tennis Court (1 Hour on Weekend)

$30.16 PAB 30.16

$14.89 ₲84.5K

102.55%

Cinema Ticket

$7.84 PAB 7.84

$8.59 ₲48.8K

-8.73%

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

$536 PAB 536

$184 ₲1.0M

190.78%

International Primary School, 1 Child (Yearly)

$8,069 PAB 8,069

$5,873 ₲33.3M

37.39%

Jeans (Levis 501 Or Similar)

$53.5 PAB 53.5

$62.4 ₲354.4K

-14.32%

Summer Dress (H&M, Zara, etc)

$42.77 PAB 42.77

$55.4 ₲314.2K

-22.74%

Sport Shoes (Adidas, Nike)

$87.4 PAB 87.4

$104 ₲592.2K

-16.24%

Men's Leather Business Shoes

$103 PAB 103

$69.2 ₲392.6K

49.41%

1-bedroom Apartment, City Center (Monthly)

$944 PAB 944

$620 ₲3.5M

52.18%

1-bedroom Apartment, Outside City Center (Monthly)

$697 PAB 697

$373 ₲2.1M

86.69%

3-bedroom Apartment, City Center (Monthly)

$1,728 PAB 1,728

$1,050 ₲6.0M

64.57%

3-bedroom Apartment, Outside City Center (Monthly)

$1,262 PAB 1,262

$624 ₲3.5M

102.24%

Buy Apartment in City Center (m2)

$2,941 PAB 2,941

$1,716 ₲9.7M

71.45%

Buy Apartment Outside City Center (m2)

$1,673 PAB 1,673

$1,242 ₲7.0M

34.74%

Average Monthly Net Salary (After Tax)

$826 PAB 826

$723 ₲4.1M

14.21%

20-Year Fixed Mortgage Interest Rate (Annual %)

6.37

10.15

-37.24%

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

Last update for Panama: October 5, 2026

Last update for Asuncion: October 4, 2026

Monthly budget structure

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

Accommodation & Living

Panama

$697 44%

Asuncion

$373 35.8% 46.4% $323

Groceries & Markets

Panama

$302 19.1%

Asuncion

$213 20.4% 29.5% $89

Monthly Utilities & Internet

Panama

$194 12.2%

Asuncion

$89 8.5% 54.2% $105

Eating Out

Panama

$164 10.3%

Asuncion

$134 12.8% 18.4% $30

Clothing & Footwear

Panama

$129 8.2%

Asuncion

$131 12.6% 1.5% $1.9

Sport & Entertainment

Panama

$65 4.1%

Asuncion

$54 5.2% 16.9% $11

Getting Around

Panama

$34 2.2%

Asuncion

$50 4.8% 44.9% $15

Good to know

🇵🇦 Panama

🇵🇾 Asuncion

🕒 Local time

23:47 11:47 PM

01:47 1:47 AM

2 h ahead of Panama

🌤 Weather

👥 Population

4,098,587

742,023 Capital

💱 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 = 6,366 PYG (10,000 PYG = 1.57 EUR).

USD to PAB in detail →

On the map

Lowest

Highest

Between locations