Last update: Oct 2026

Cost of Living Comparison Between Paraguay and Panama City

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.

47

Cost of Living Index in Paraguay
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Paraguay Living Index
90

Cost of Living Index in Panama City
Learn more

Panama City Living Index

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🇵🇾 Paraguay

$973

/mo nomad

Panama City

🇵🇦 Panama

$1,837

/mo nomad

🙂 Solo nomad: Paraguay is 33.6% cheaper than Panama City without rent, and 47% cheaper with rent.

🙂 Family of 3: Paraguay is 30.8% cheaper than Panama City without rent, and 45.7% cheaper with rent.

Meal at Budget Restaurant

$6.45 ₲36.9K

$11.34 PAB 11.34

-43.12%

Three-Course Dinner for Two, Mid-Range

$34.41 ₲196.9K

$47.85 PAB 47.85

-28.09%

Fast Food Meal (McDonalds, etc)

$6.96 ₲39.8K

$8.07 PAB 8.07

-13.75%

Cappuccino

$2.88 ₲16.5K

$4.02 PAB 4.02

-28.36%

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

$1.08 ₲6,177

$1.94 PAB 1.94

-44.33%

Water (0.33 liter bottle)

$0.56 ₲3,205

$1.62 PAB 1.62

-65.43%

Local Beer (0.5 liter draught)

$1.74 ₲9,942

$3.26 PAB 3.26

-46.63%

Imported Beer (0.33 liter bottle)

$1.99 ₲11.4K

$3.99 PAB 3.99

-50.13%

Milk (1 liter)

$1.16 ₲6,652

$1.83 PAB 1.83

-36.61%

White Bread (500g)

$1.35 ₲7,710

$2.57 PAB 2.57

-47.47%

Rice (white) (1kg)

$1.29 ₲7,386

$3.33 PAB 3.33

-61.26%

Eggs

$2.30 ₲13.2K

$2.69 PAB 2.69

-14.50%

Local Cheese (1kg)

$8.48 ₲48.5K

$12.33 PAB 12.33

-31.22%

Chicken Fillets (1kg)

$4.58 ₲26.2K

$6.69 PAB 6.69

-31.54%

Beef Round Steak (1kg)

$9.47 ₲54.2K

$10.40 PAB 10.40

-8.94%

Apples (1kg)

$2.77 ₲15.8K

$4.16 PAB 4.16

-33.41%

Banana (1kg)

$1.18 ₲6,779

$1.84 PAB 1.84

-35.87%

Oranges (1kg)

$1.19 ₲6,833

$4.18 PAB 4.18

-71.53%

Tomato (1kg)

$2.29 ₲13.1K

$4.08 PAB 4.08

-43.87%

Potato (1kg)

$1.30 ₲7,410

$3.50 PAB 3.50

-62.86%

Onion (1kg)

$1.26 ₲7,219

$4.37 PAB 4.37

-71.17%

Lettuce (1 head)

$0.77 ₲4,409

$2.34 PAB 2.34

-67.09%

Water (1.5 liter bottle)

$0.72 ₲4,116

$1.75 PAB 1.75

-58.86%

Cigarettes 20 Pack (Marlboro, Camel)

$1.72 ₲9,849

$6.06 PAB 6.06

-71.62%

Wine (Bottle)

$6.00 ₲34.3K

$11.72 PAB 11.72

-48.81%

Local Beer (0.5 liter bottle)

$1.02 ₲5,842

$1.37 PAB 1.37

-25.55%

Imported Beer (0.33 liter bottle)

$1.78 ₲10.2K

$2.84 PAB 2.84

-37.32%

One-way Ticket (Public Transport)

$0.59 ₲3,364

$0.36 PAB 0.36

63.89%

Public Transport Monthly Pass (Regular Price)

$35.17 ₲201.2K

$20.96 PAB 20.96

67.80%

Taxi Start (Normal Tariff)

$1.43 ₲8,196

$2.52 PAB 2.52

-43.25%

Taxi (Normal Tariff) (1km)

$1.52 ₲8,685

$1.79 PAB 1.79

-15.08%

Taxi 1hour Waiting (Normal Tariff)

$8.17 ₲46.8K

$22.01 PAB 22.01

-62.88%

Gasoline (1 liter)

$1.22 ₲6,975

$1.25 PAB 1.25

-2.40%

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

$16.9K ₲96.5M

$21.5K PAB 21.5K

-21.69%

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

$29.9K ₲171.3M

$21.2K PAB 21.2K

41.22%

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

$52.2 ₲298.8K

$131 PAB 131

-60.20%

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

$17.02 ₲97.4K

$27.68 PAB 27.68

-38.51%

Internet (50+ Mbps, Unlimited Data)

$21.23 ₲121.5K

$48.59 PAB 48.59

-56.31%

Gym Membership (Monthly)

$34.29 ₲196.2K

$46.11 PAB 46.11

-25.63%

Tennis Court (1 Hour on Weekend)

$15.41 ₲88.2K

$35.01 PAB 35.01

-55.98%

Cinema Ticket

$6.99 ₲40.0K

$8.73 PAB 8.73

-19.93%

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

$184 ₲1.1M

$551 PAB 551

-66.54%

International Primary School, 1 Child (Yearly)

$4,866 ₲27.8M

$9,560 PAB 9,560

-49.10%

Jeans (Levis 501 Or Similar)

$57.2 ₲327.5K

$67.6 PAB 67.6

-15.34%

Summer Dress (H&M, Zara, etc)

$58.2 ₲333.0K

$48.03 PAB 48.03

21.17%

Sport Shoes (Adidas, Nike)

$99.0 ₲566.5K

$94.9 PAB 94.9

4.34%

Men's Leather Business Shoes

$69.4 ₲397.0K

$113 PAB 113

-38.57%

1-bedroom Apartment, City Center (Monthly)

$556 ₲3.2M

$1,238 PAB 1,238

-55.09%

1-bedroom Apartment, Outside City Center (Monthly)

$346 ₲2.0M

$873 PAB 873

-60.33%

3-bedroom Apartment, City Center (Monthly)

$923 ₲5.3M

$2,197 PAB 2,197

-57.98%

3-bedroom Apartment, Outside City Center (Monthly)

$607 ₲3.5M

$1,538 PAB 1,538

-60.57%

Buy Apartment in City Center (m2)

$1,680 ₲9.6M

$3,116 PAB 3,116

-46.09%

Buy Apartment Outside City Center (m2)

$1,230 ₲7.0M

$1,725 PAB 1,725

-28.70%

Average Monthly Net Salary (After Tax)

$622 ₲3.6M

$934 PAB 934

-33.46%

20-Year Fixed Mortgage Interest Rate (Annual %)

10.19

6.39

59.47%

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

Last update for Paraguay: October 4, 2026

Last update for Panama City: October 3, 2026

Monthly budget structure

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

Accommodation & Living

Paraguay

$346 35.4%

Panama City

$873 47.2% 152% $527

Groceries & Markets

Paraguay

$192 19.7%

Panama City

$324 17.5% 68.7% $132

Clothing & Footwear

Paraguay

$128 13.1%

Panama City

$146 7.9% 14% $18

Eating Out

Paraguay

$126 12.9%

Panama City

$202 10.9% 59.7% $75

Monthly Utilities & Internet

Paraguay

$90 9.3%

Panama City

$207 11.2% 129% $117

Sport & Entertainment

Paraguay

$48 4.9%

Panama City

$64 3.4% 31.7% $15

Getting Around

Paraguay

$47 4.8%

Panama City

$34 1.8% 27.2% $13

Good to know

🇵🇾 Paraguay

🇵🇦 Panama City

🕒 Local time

07:48 7:48 AM

05:48 5:48 AM

2 h behind Paraguay

🌤 Weather

👥 Population

6,811,297

1,086,990 Capital

💱 Currency

Paraguayan Guarani PYG ₲

Panamanian Balboa PAB B/.

📈 Exchange rate

10,000 PYG = 1.75 USD

10,000 PYG = 1.56 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 = 5,722 PYG (10,000 PYG = 1.75 USD). 1 EUR = 6,412 PYG (10,000 PYG = 1.56 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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