Asuncion vs Panama City - Cost of Living Comparison

Updated: March 02, 2025

	Asuncion	Panama City
🚶 Cost of living one person	$635	$1479
👨‍👩‍👧‍👦 Cost of living Family	$1502	$3609
🏠 One person rent	$314	$846
🏘️ Family rent	$525	$1592
🍽️ Food expenses	$208	$440
🚐 Transport expenses	$45.9	$83
💳 Monthly salary after tax	$437	$967
😷 Air quality	Moderate	Good
✈️ Airport proximity	13 km	7 km
🎓 Higher education	35	42
😀 Quality of life	51	67
🏙️ Population	462K	881K

The cost of living in Asuncion is 57% less expensive than in Panama City. Cities ranked 7323rd and 3517th ($635 vs $1479) in the list of the most expensive cities in the world and ranked 1st and 1st in Paraguay and Panama, respectively. Check Paraguay vs Panama comparison.

The average after-tax salary is enough to cover living expenses for 0.7 months in Asuncion compared to 0.7 months in Panama City. Asuncion ranked 1st best city to live in Paraguay vs Panama City ranked 1st in Panama, while ranked 6144th and 3734th among best cities to live in the world.

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Cost of living in Asuncion vs Panama City infographic

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Prices in Asuncion vs Panama City

Prices for goods and services in Asuncion and Panama City are partly crowdsourced by our visitors, just like yourself. Please consider telling us about your city.

	Asuncion	Panama City
Eating Out
🍱 Lunch Menu	$4.55	$10.4
🥂 Dinner in a Restaurant, for 2	$19.9	$48.5
🥪 Fast food meal, equiv. McDonald's	$4.62	$8.06
🍻 Beer in a Pub, 0.5 L or 16 fl oz	$1.4	$2.97
☕ Cappuccino	$2.3	$3.99
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz	$0.91	$1.66
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2	$347	$891
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2	$257	$681
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2	$643	$1749
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2	$430	$1344
🔌 Utility Bill one person, electricity, heating, water, etc.	$24.1	$78
🔌 Utility Bill for a Family, electricity, heating, water, etc.	$37.4	$121
🌐 Internet plan, 50 Mbps+ 1 month unlimited	$15	$45.4
🏦 Mortgage Interest Rate for 20 Years	9.6%	6.28%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2	$1267	$2551
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2	$778	$1632
Transportation
🚌 Local transport ticket	$0.43	$0.42
🎟️ Monthly ticket local transport	$26	$23.2
🚕 Taxi Ride, 8 km or 5 mi	$6.86	$14.3
⛽ Gas / Petrol, 1 L or 0.26 gal	$0.9	$0.96
Groceries
🥛 Milk, 1 L or 1 qt	$0.87	$1.8
🍞 Bread, 0.5 kg or 1.1 lb	$0.66	$2.19
🍚 Rice, 1 kg or 2.2 lb	$0.66	$2.33
🥚 Eggs, x12	$1.67	$2.77
🧀 Cheese, 1 kg or 2.2 lb	$7.16	$12.4
🐔 Chicken Breast, 1 kg or 2.2 lb	$3.02	$7.09
🥩 Round Steak, 1 kg or 2.2 lb	$6.31	$9.99
🍏 Apples, 1 kg or 2.2 lb	$1.97	$3.44
🍌 Banana, 1 kg or 2.2 lb	$0.71	$1.58
🍊 Oranges, 1 kg or 2.2 lb	$0.98	$2.89
🍅 Tomato, 1 kg or 2.2 lb	$1.67	$2.94
🥔 Potato, 1 kg or 2.2 lb	$1.13	$2.23
🧅 Onion, 1 kg or 2.2 lb	$1.19	$2.8
🌊 Water, 1 L or 1 qt	$0.35	$1.07
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz	$1.76	$2.31
🍾 Wine (mid-priced), 750 mL bottle	$6.14	$10
🍺 Beer, 0.5 L or 16 fl oz	$0.79	$1.29
🚬 Cigarette pack	$1.31	$5.98
💊 Cold medicince, 1 week	$6.02	$11.7
🧴 Hair Shampoo	$4.47	$7.94
🧻 Toilet paper, 4 rolls	$1.58	$3.37
👄 Toothpaste, 1 tube	$1.94	$3.71
Other
🏋️ Gym Membership, 1 month	$24.6	$45.3
🎫 Cinema Ticket, 1 person	$5.25	$7.22
👩‍⚕️ Doctor's visit	$18	$54.5
💇 Haircut, simple	$7.21	$12.9
👖 Brand Jeans	$47.7	$56.8
👟 Brand Sneakers	$73.4	$93.2
👶 Daycare or Preschool, 1 month	$179	$477
🏫 International Primary School, 1 year	$3318	$13616

Cost of living in other countries

Cost of living

Cost of Living in the nearest cities

Cities near Asuncion

Distance	City	Cost of living
13 km or 8.3 mi	San Lorenzo	$585
15 km or 9.4 mi	Luque	$567
112 km or 70 mi	Formosa	$413
120 km or 74 mi	Coronel Oviedo	$522
163 km or 101 mi	Caaguazu	$405
212 km or 132 mi	Concepcion	$521
270 km or 168 mi	Corrientes	$534
275 km or 171 mi	Resistencia	$429
287 km or 178 mi	Encarnacion	$496
288 km or 179 mi	Posadas	$397
304 km or 189 mi	Ciudad del Este	$500
307 km or 191 mi	Foz do Iguacu	$626
326 km or 203 mi	Presidencia Roque Saenz Pena	$477
348 km or 216 mi	Obera	$461
361 km or 224 mi	Pedro Juan Caballero	$502
363 km or 226 mi	Ponta Pora	$586
407 km or 253 mi	Sao Borja	$543
422 km or 262 mi	Cascavel	$583
424 km or 264 mi	Santa Rosa	$553
447 km or 278 mi	Dourados	$599
455 km or 283 mi	Goya	$571
471 km or 293 mi	Reconquista	$582
472 km or 293 mi	Santo Angelo	$544
498 km or 310 mi	Uruguaiana	$503
504 km or 313 mi	Ijui	$537
508 km or 315 mi	Pato Branco	$600
539 km or 335 mi	Chapeco	$628
549 km or 341 mi	Campo Mourao	$460
584 km or 363 mi	Carazinho	$551
586 km or 364 mi	Artigas	$889
593 km or 369 mi	Erechim	$577
599 km or 372 mi	Concordia	$589
613 km or 381 mi	Maringa	$610
614 km or 382 mi	Passo Fundo	$540
616 km or 383 mi	Santa Maria	$500
619 km or 385 mi	Campo Grande	$588
621 km or 386 mi	Guarapuava	$506
648 km or 403 mi	Sao Gabriel	$446
654 km or 407 mi	Apucarana	$580
655 km or 407 mi	Santana do Livramento	$510

Cities near Panama City

Distance	City	Cost of living
8.1 km or 5 mi	Balboa	$1328
16 km or 9.9 mi	Tocumen	$1310
26 km or 16 mi	Pacora	$1304
34 km or 21 mi	La Chorrera	$957
59 km or 37 mi	Colon	$1172
108 km or 67 mi	Penonome	$1116
154 km or 96 mi	Chitre	$1117
190 km or 118 mi	Santiago de Veraguas	$1089
321 km or 199 mi	Turbo	$664
329 km or 204 mi	David	$890
398 km or 247 mi	Monteria	$645
403 km or 250 mi	Limon	$1225
406 km or 252 mi	Santa Cruz de Lorica	$669
452 km or 281 mi	Sincelejo	$524
463 km or 288 mi	Cartagena	$760
483 km or 300 mi	Quibdo	$705
494 km or 307 mi	Cartago	$1024
513 km or 319 mi	San Jose	$1324
518 km or 322 mi	Heredia	$1296
521 km or 324 mi	Magangue	$604
526 km or 327 mi	Bello	$839
529 km or 329 mi	Alajuela	$1269
530 km or 329 mi	Medellin	$906
534 km or 332 mi	Envigado	$897
558 km or 347 mi	Soledad	$741
559 km or 348 mi	Barranquilla	$773
595 km or 370 mi	Puntarenas	$801
617 km or 383 mi	Cartago	$649
617 km or 383 mi	Cienaga	$742
623 km or 387 mi	Manizales	$653
627 km or 390 mi	Santa Teresa	$1213
627 km or 390 mi	Pereira	$680
631 km or 392 mi	Santa Marta	$837
632 km or 393 mi	Buenaventura	$742
636 km or 395 mi	Minca	$759
651 km or 404 mi	Salento	$605
652 km or 405 mi	Armenia	$598
657 km or 408 mi	Tulua	$513
658 km or 409 mi	Barrancabermeja	$1031
675 km or 419 mi	Liberia	$932