Asuncion vs Panama City - Cost of Living Comparison

Updated: March 11, 2026

	Asuncion	Panama City
🚶 Cost of living one person	$752	$1583
👨‍👩‍👧‍👦 Cost of living Family	$1837	$3567
🏠 One person rent	$348	$976
🏘️ Family rent	$617	$1633
🍽️ Food expenses	$262	$432
🚐 Transport expenses	$59.3	$69.1
💳 Monthly salary after tax	$536	$936
😷 Air quality	Moderate	Excellent
✈️ Airport proximity	13 km	7 km
🎓 Higher education	35	42
😀 Quality of life	57	69
🏙️ Population	462K	410K

The cost of living in Asuncion is 52% less expensive than in Panama City. Cities ranked 6973rd and 3744th ($752 vs $1583) 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 0.6 months in Panama City. Asuncion ranked 1st best city to live in Paraguay vs Panama City ranked 1st in Panama, while ranked 6216th and 4400th among best cities to live in the world.

Salary adjustment calculator
the estimated difference in money purchasing power

Share this infographic!

Use the link below to embed the infographic from our site and automatically keep the data layer up to date.

If you prefer to download the image, please credit us as a source.

<img src="https://livingcost.org/assets/photo/cost/asuncion/panama-city.jpg" alt="Cost of living in Asuncion vs Panama City infographic" style="max-width: 100%; height: auto;"><p>Source: <a href="https://livingcost.org/cost/asuncion/panama-city" target="_blank">Asuncion vs Panama City - Cost of Living Comparison</a></p>

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	$5.88	$10.6
🥂 Dinner in a Restaurant, for 2	$29.9	$45.3
🥪 Fast food meal, equiv. McDonald's	$6.01	$7.39
🍻 Beer in a Pub, 0.5 L or 16 fl oz	$1.64	$2.97
☕ Cappuccino	$3.05	$3.94
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz	$0.99	$1.71
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2	$448	$1062
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2	$268	$794
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2	$825	$1911
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2	$493	$1347
🔌 Utility Bill one person, electricity, heating, water, etc.	$26.1	$82.5
🔌 Utility Bill for a Family, electricity, heating, water, etc.	$40.1	$128
🌐 Internet plan, 50 Mbps+ 1 month unlimited	$17.6	$45.4
🏦 Mortgage Interest Rate for 20 Years	9.83%	6.26%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2	$1605	$3048
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2	$1243	$1725
Transportation
🚌 Local transport ticket	$0.52	$0.35
🎟️ Monthly ticket local transport	$32	$22.2
🚕 Taxi Ride, 8 km or 5 mi	$9.59	$17.4
⛽ Gas / Petrol, 1 L or 0.26 gal	$1.08	$0.93
Groceries
🥛 Milk, 1 L or 1 qt	$1.1	$1.84
🍞 Bread, 0.5 kg or 1.1 lb	$0.93	$2.23
🍚 Rice, 1 kg or 2.2 lb	$0.93	$2.33
🥚 Eggs, x12	$2.08	$3.26
🧀 Cheese, 1 kg or 2.2 lb	$8.57	$11.2
🐔 Chicken Breast, 1 kg or 2.2 lb	$4.25	$6.57
🥩 Round Steak, 1 kg or 2.2 lb	$8.31	$9.64
🍏 Apples, 1 kg or 2.2 lb	$2.31	$3.53
🍌 Banana, 1 kg or 2.2 lb	$1.06	$1.62
🍊 Oranges, 1 kg or 2.2 lb	$1.08	$3.29
🍅 Tomato, 1 kg or 2.2 lb	$2.04	$3.03
🥔 Potato, 1 kg or 2.2 lb	$1.25	$2.46
🧅 Onion, 1 kg or 2.2 lb	$1.22	$3.74
🌊 Water, 1 L or 1 qt	$0.44	$1.16
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz	$2.08	$2.41
🍾 Wine (mid-priced), 750 mL bottle	$6.46	$11.6
🍺 Beer, 0.5 L or 16 fl oz	$1.07	$1.44
🚬 Cigarette pack	$1.75	$6.04
💊 Cold medicince, 1 week	$5.93	$8.16
🧴 Hair Shampoo	$5.6	$8.03
🧻 Toilet paper, 4 rolls	$1.65	$2.96
👄 Toothpaste, 1 tube	$2.21	$3.04
Other
🏋️ Gym Membership, 1 month	$31.4	$42.8
🎫 Cinema Ticket, 1 person	$6.79	$7.3
👩‍⚕️ Doctor's visit	$23	$50.2
💇 Haircut, simple	$9.66	$14.5
👖 Brand Jeans	$53.4	$53.6
👟 Brand Sneakers	$89.5	$91.3
👶 Daycare or Preschool, 1 month	$186	$503
🏫 International Primary School, 1 year	$4760	$13402

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	$720
15 km or 9.4 mi	Luque	$744
112 km or 70 mi	Formosa	$429
120 km or 74 mi	Coronel Oviedo	$643
163 km or 101 mi	Caaguazu	$457
212 km or 132 mi	Concepcion	$652
270 km or 168 mi	Corrientes	$622
275 km or 171 mi	Resistencia	$398
287 km or 178 mi	Encarnacion	$619
288 km or 179 mi	Posadas	$385
304 km or 189 mi	Ciudad del Este	$649
307 km or 191 mi	Foz do Iguacu	$712
326 km or 203 mi	Presidencia Roque Saenz Pena	$474
348 km or 216 mi	Obera	$469
361 km or 224 mi	Pedro Juan Caballero	$629
363 km or 226 mi	Ponta Pora	$654
407 km or 253 mi	Sao Borja	$607
422 km or 262 mi	Cascavel	$633
424 km or 264 mi	Santa Rosa	$568
447 km or 278 mi	Dourados	$670
455 km or 283 mi	Goya	$622
471 km or 293 mi	Reconquista	$633
472 km or 293 mi	Santo Angelo	$585
498 km or 310 mi	Uruguaiana	$566
504 km or 313 mi	Ijui	$584
508 km or 315 mi	Pato Branco	$663
539 km or 335 mi	Chapeco	$713
549 km or 341 mi	Campo Mourao	$513
584 km or 363 mi	Carazinho	$628
586 km or 364 mi	Artigas	$1021
593 km or 369 mi	Erechim	$659
599 km or 372 mi	Concordia	$672
613 km or 381 mi	Maringa	$674
614 km or 382 mi	Passo Fundo	$613
616 km or 383 mi	Santa Maria	$557
619 km or 385 mi	Campo Grande	$672
621 km or 386 mi	Guarapuava	$579
648 km or 403 mi	Sao Gabriel	$509
654 km or 407 mi	Apucarana	$627
655 km or 407 mi	Santana do Livramento	$578

Cities near Panama City

Distance	City	Cost of living
8.1 km or 5 mi	Balboa	$1425
16 km or 9.9 mi	Tocumen	$1403
26 km or 16 mi	Pacora	$1395
34 km or 21 mi	La Chorrera	$977
59 km or 37 mi	Colon	$1179
108 km or 67 mi	Penonome	$1153
154 km or 96 mi	Chitre	$1154
190 km or 118 mi	Santiago de Veraguas	$1122
321 km or 199 mi	Turbo	$764
329 km or 204 mi	David	$922
398 km or 247 mi	Monteria	$703
403 km or 250 mi	Limon	$1332
406 km or 252 mi	Santa Cruz de Lorica	$764
452 km or 281 mi	Sincelejo	$572
463 km or 288 mi	Cartagena	$1155
483 km or 300 mi	Quibdo	$757
494 km or 307 mi	Cartago	$1290
513 km or 319 mi	San Jose	$1454
518 km or 322 mi	Heredia	$1378
521 km or 324 mi	Magangue	$707
526 km or 327 mi	Bello	$915
529 km or 329 mi	Alajuela	$1323
530 km or 329 mi	Medellin	$1071
534 km or 332 mi	Envigado	$992
558 km or 347 mi	Soledad	$950
559 km or 348 mi	Barranquilla	$909
595 km or 370 mi	Puntarenas	$825
617 km or 383 mi	Cartago	$738
617 km or 383 mi	Cienaga	$874
623 km or 387 mi	Manizales	$717
627 km or 390 mi	Santa Teresa	$1273
627 km or 390 mi	Pereira	$789
631 km or 392 mi	Santa Marta	$971
632 km or 393 mi	Buenaventura	$825
636 km or 395 mi	Minca	$887
651 km or 404 mi	Salento	$709
652 km or 405 mi	Armenia	$719
657 km or 408 mi	Tulua	$537
658 km or 409 mi	Barrancabermeja	$1040
675 km or 419 mi	Liberia	$957