Moving to Panama from Paraguay

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What to Expect

Everything you need to know before relocating from Paraguay to Panama — costs, safety, healthcare, and practical first steps.

If you moved from Paraguay to Panama, you would find that Panama is 2.1 times more expensive than Paraguay overall. A PYG456,437,648 salary in Paraguay would need to be roughly PAB134,466 in Panama to maintain the same lifestyle. Expect a noticeable climate shift — Panama City averages 93°F vs 83°F in Asuncion, making it significantly warmer.

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How Far Will Your Money Go?

What to expect for your wallet after moving from Paraguay to Panama.

What does your salary buy?

PYG456,437,648 PAB134,466

To maintain the same standard of living in Panama

Calculate with your salary →

Where you'll feel the difference day-to-day

Restaurants

pay 93.4% more

Groceries

pay 2.1 times more

Transportation

pay 53.7% more

Housing

pay 2.5 times more

Childcare

pay 3.1 times more

Entertainment and Sports

pay 2.2 times more

See full cost of living breakdown
Exchange rate: 1 PYG = 0.0002 PAB (July 2026)

Data: MyLifeElsewhere's crowdsourced cost of living database, with prices submitted and updated by users worldwide. Exchange rates are refreshed regularly from public sources.

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Who Else Is Making This Move?

How many people actually move from Paraguay to Panama, based on official data.

Living there in 2020
145 ↑ 19% vs 2015

people born in Paraguay live in Panama · UN DESA

Who's moving to Panama?

Top countries of origin for Panama's foreign-born residents.

Foreign-born population · UN DESA (2020)

Key Indicator Comparison

Key indicators for anyone considering a move from Paraguay to Panama.

Is it safe?

Homicide rate United Nations SDG Indicators, 2022

per 100,000 people per year

PY
7.0
PA
11.3
Feel safe walking at night United Nations SDG Indicators, 2019

of residents who feel safe walking alone at night

PY
43%
PA
33%

Paraguay generally does better on safety, though Panama leads in road traffic deaths.

How's the healthcare?

Healthcare spending per person World Bank, 2023

annual government + private spending per person

PY
$1,469
PA
$3,318
Doctors per 10,000 people United Nations SDG Indicators, 2022

affects wait times and access to care

PY
38.8
PA
17.3

Paraguay generally does better on health & wellbeing, though Panama leads in health coverage index.

What about the environment?

Air pollution deaths United Nations SDG Indicators, 2019

deaths attributable to air pollution per 100k people

PY
25.0
PA
17.0
CO₂ emissions per capita World Bank, 2024

tonnes of CO₂ emitted per person per year

PY
1.2t
PA
2.7t

Paraguay generally does better on environment, though Panama leads in air pollution deaths.

Will I have good infrastructure?

Broadband per 100 people United Nations SDG Indicators, 2022

fixed broadband subscriptions — key for remote work

PY
10.9
PA
15.5
Water stress level United Nations SDG Indicators, 2021

higher means greater strain on freshwater supply

PY
1.8%
PA
0.9%

Panama generally does better on infrastructure, though Paraguay leads in internet access.

What are the job prospects?

Unemployment rate The World Factbook, 2023

percentage of the labour force without work

PY
5.8%
PA
6.7%
GDP per capita The World Factbook, 2023

a broad measure of economic output per person

PY
$15,700
PA
$35,800

Panama generally does better on employment & economy, though Paraguay leads in unemployment rate.

Is it good for families?

Life expectancy The World Factbook, 2022

average years of life at birth

PY
78.4 yrs
PA
77.6 yrs
Infant mortality The World Factbook, 2022

deaths per 1,000 live births — lower is better

PY
23.2
PA
16.4

Panama generally does better on family life, though Paraguay leads in life expectancy.

Data: The World Factbook, United Nations SDG Indicators, World Bank

What's the Climate Like?

Monthly averages — select a city to compare.

Asuncion Rain: 55.2 in/yr (1401 mm)
83° / 65°F

Avg. annual high / low

Panama City Rain: 75.1 in/yr (1907 mm)
93° / 68°F

Avg. annual high / low

Months Asuncion Panama City
Jan–Mar 91°/72°F (33°/22°C) 94°/65°F (34°/18°C)
Apr–Jun 78°/61°F (26°/16°C) 94°/69°F (35°/21°C)
Jul–Sep 77°/58°F (25°/14°C) 92°/70°F (34°/21°C)
Oct–Dec 87°/68°F (31°/20°C) 91°/68°F (33°/20°C)
View all months
Month Asuncion Panama City
Jan 92°/73°F (33.5°/22.8°C) 92°/65°F (33.4°/18.5°C)
Feb 91°/72°F (32.6°/22.3°C) 94°/65°F (34.2°/18.4°C)
Mar 89°/70°F (31.6°/21.3°C) 95°/65°F (34.8°/18.4°C)
Apr 83°/65°F (28.4°/18.6°C) 96°/67°F (35.4°/19.5°C)
May 77°/60°F (25.0°/15.7°C) 94°/70°F (34.5°/21.1°C)
Jun 74°/57°F (23.1°/13.8°C) 93°/70°F (33.8°/21.3°C)
Jul 74°/56°F (23.2°/13.1°C) 93°/70°F (33.9°/21.0°C)
Aug 77°/58°F (24.8°/14.3°C) 93°/70°F (33.9°/20.9°C)
Sep 80°/61°F (26.4°/15.9°C) 91°/70°F (32.9°/21.0°C)
Oct 85°/65°F (29.2°/18.6°C) 91°/69°F (32.6°/20.8°C)
Nov 87°/68°F (30.7°/20.1°C) 91°/69°F (32.9°/20.3°C)
Dec 90°/71°F (32.3°/21.8°C) 92°/67°F (33.3°/19.2°C)

Data: Dirección de Meteorología e Hidrología (DMH) Dirección de Meteorología e Hidrología (DMH), IMHPA - Instituto de Meteorología e Hidrología de Panamá IMHPA - Instituto de Meteorología e Hidrología de Panamá

Visitor Visa Requirements

Short-stay tourist visa rules between Paraguay and Panama. To live, work, or study long-term in Panama, you'll need a separate residence or work visa — check Panama's immigration authority.

Paraguay passport

Paraguay passport holder visiting Panama

Visa Free
Paraguay passport holders can enter Panama without a visa.
Panama passport

Panama passport holder visiting Paraguay

Visa Free
Panama passport holders can enter Paraguay without a visa.

Data: Henley Passport Index. Check with the destination country's embassy for the most current requirements.

Frequently Asked Questions

Is it cheaper to live in Panama than Paraguay?

No — Panama is on average about 79% more expensive than Paraguay. City-level variation matters.

How much money do I need to move to Panama?

Plan for at least 3 months of living expenses — roughly PAB33,616 in Panama on a PYG456,437,648 comparable salary — plus one-off moving costs (flights, shipping, a rental deposit, and visa fees).

Can I work remotely from Panama?

Internet is rarely the blocker — Panama has 15.5 fixed broadband subscriptions per 100 people. The real questions are legal: digital nomad visa eligibility, your employer's overseas-work policy, and tax residency in both countries.

Is Panama safe for expats?

Paraguay generally does better on safety, though Panama leads in road traffic deaths. The homicide rate in Panama is 11.3 per 100,000 people, compared to 7.0 in Paraguay. About 33% of people in Panama feel safe walking alone at night.

How is healthcare in Panama compared to Paraguay?

Paraguay generally does better on health & wellbeing, though Panama leads in health coverage index. There are 17.3 doctors per 10,000 people in Panama, compared to 38.8 in Paraguay. Panama scores 78 on the WHO universal health coverage index (Paraguay: 72).

What's the weather like in Panama compared to Paraguay?

The average high temperature in Panama City is 93°F, compared to 83°F in Asuncion. Panama City receives around 75.1 in of rainfall per year, while Asuncion gets 55.2 in.

What language do they speak in Panama?

The official language in Panama is Spanish. In Paraguay, the official languages are Guaraní and Spanish.

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At a Glance

PY PA
Population 7,356,409 4,337,768
Currency Paraguayan Guarani (PYG) Panamanian Balboa (PAB)
Languages Guaraní, Spanish Spanish
Driving side Right Right
Calling code +595 +507
Time zones 1 1
Emergency number 911 911