Cost of living comparison

Paraguay

compared to

Panama

Panama City vs. Asuncion Cost of Living Summary

Panama City is 64.3% more expensive than Asuncion.

Restaurants: pay 57.2% more in Panama City
Groceries: pay 74.9% more in Panama City
Transportation: pay 6.3% less in Panama City
Housing: pay 2.2 times more in Panama City
Childcare: pay 2.2 times more in Panama City
Entertainment and Sports: pay 36.2% more in Panama City
Clothing: pay 6.2% more in Panama City

The cost of housing, childcare, groceries, restaurants, entertainment and sports, and clothing in Panama City are more expensive than in Asuncion. Notably, housing and childcare are significantly more expensive in Panama City.

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Panama City vs. Asuncion Cost Breakdown

If you lived in Panama City instead of Asuncion, you would:

Display currency: USD

pay 57.2% more for restaurants

	Asuncion	Panama City
Basic meal with drink at inexpensive restaurant	$6.86 PYG39,213	$11.50 PAB11.50	+67.7%
Fast food combo meal McDonalds, or similar	$6.86 PYG39,213	$8.00 PAB8.00	+16.7%
Bottle of Coca-Cola (11 fl. oz)	$1.06 PYG6,045	$1.97 PAB1.97	+86.5%
Bottle of water (11 fl. oz)	$0.57 PYG3,268	$1.60 PAB1.60	+180.1%
Average			+57.2%

Asuncion vs. Panama City - Cost of restaurants

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pay 74.9% more for groceries

	Asuncion	Panama City
Bread 1 loaf	$1.48 PYG8,437	$2.52 PAB2.52	+70.6%
Local cheese (8 oz)	$4.85 PYG27,738	$6.18 PAB6.18	+27.5%
Milk (1 gallon)	$4.83 PYG27,620	$7.09 PAB7.09	+46.8%
Eggs 1 dozen	$2.40 PYG13,716	$2.75 PAB2.75	+14.6%
Boneless chicken breast (1 lb)	$2.37 PYG13,532	$3.07 PAB3.07	+29.7%
Apples (1 lb)	$1.35 PYG7,740	$1.87 PAB1.87	+38.2%
Bananas (1 lb)	$0.57 PYG3,271	$0.82 PAB0.82	+44.1%
Oranges (1 lb)	$0.54 PYG3,097	$1.92 PAB1.92	+254.4%
Tomatoes (1 lb)	$1.10 PYG6,300	$1.86 PAB1.86	+68.5%
Potatoes (1 lb)	$0.61 PYG3,502	$1.55 PAB1.55	+152.6%
Onions (1 lb)	$0.60 PYG3,412	$1.96 PAB1.96	+228.2%
Average			+74.9%

Asuncion vs. Panama City - Cost of groceries

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pay 6.3% less for transportation

	Asuncion	Panama City
Gasoline (1 gallon)	$4.68 PYG26,771	$4.62 PAB4.62	-1.3%
Monthly public transit pass	$37.71 PYG216K	$21.00 PAB21.00	-44.3%
New Volkswagen Golf 1.4 (standard edition)	$17,138.81 PYG98M	$21,262.00 PAB21,262.00	+24.1%
Taxi trip in downtown area (5 miles)	$13.81 PYG79,014	$16.98 PAB16.98	+22.9%
Average			-6.3%

Asuncion vs. Panama City - Cost of transportation

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pay 2.2 times more for housing

	Asuncion	Panama City
Internet connection 50 mbps or faster, cable/dsl	$22.03 PYG126K	$48.70 PAB48.70	+121.1%
1-Bedroom apartment in downtown area	$625.19 PYG4M	$1,262.50 PAB1,262.50	+101.9%
1-Bedroom apartment outside city center	$378.03 PYG2M	$874.18 PAB874.18	+131.2%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$38.14 PYG218K	$100.29 PAB100.29	+163.0%
Average			+122.8%

Asuncion vs. Panama City - Cost of housing

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pay 2.2 times more for childcare

	Asuncion	Panama City
Private preschool for 1 child, monthly	$183.39 PYG1M	$543.33 PAB543.33	+196.3%
Middle school for 1 child, two semesters	$5,778.44 PYG33M	$9,641.50 PAB9,641.50	+66.9%
Average			+122.3%

Asuncion vs. Panama City - Cost of childcare

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pay 36.2% more for entertainment and sports

	Asuncion	Panama City
Domestic/local beer (1 pint)	$1.89 PYG10,784	$3.30 PAB3.30	+75.0%
Cappuccino in mid-range area	$3.35 PYG19,171	$4.11 PAB4.11	+22.6%
Pack of cigarettes Marlboro or similar	$2.31 PYG13,234	$6.00 PAB6.00	+159.3%
Monthly membership at local gym	$36.10 PYG206K	$46.40 PAB46.40	+28.5%
Movie ticket to theater/cinema	$8.57 PYG49,016	$8.50 PAB8.50	-0.8%
Average			+36.2%

Asuncion vs. Panama City - Cost of entertainment and sports

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pay 6.2% more for clothing

	Asuncion	Panama City
Regular jeans Levi's brand	$63.41 PYG363K	$66.67 PAB66.67	+5.1%
Regular dress from H&M or similar store	$56.56 PYG324K	$48.43 PAB48.43	-14.4%
Running shoes Nike or Adidas	$106.05 PYG607K	$94.62 PAB94.62	-10.8%
Men's business shoes (leather)	$70.55 PYG404K	$111.67 PAB111.67	+58.3%
Average			+6.2%

Asuncion vs. Panama City - Cost of clothing

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We average the price of thousands of data points entered by users across the world. Sources: MyLifeElsewhere's cost-of-living dataset (prices updated October 2026). How we calculate this

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