Panama vs Paraguay - Cost of Living Comparison

Updated:

Livingcost

Panama Paraguay
🚶 Cost of living one person
$1323
$551
👨‍👩‍👧‍👦 Cost of living Family
$3204
$1328
🏠 One person rent
$721
$260
🏘️ Family rent
$1275
$439
🍽️ Food expenses
$435
$189
🚐 Transport expenses
$66.2
$40
💳 Monthly salary after tax
$894
$414
💸 GDP per capita
$18686
$6276
😃 Human freedom index
8
7.24
❤️ Life expectancy
76.8
70.5
👮 Corruption perceptions index
33
24
🌐 English speaking %
14%
1%
🎓 Higher education
47
51
😀 Quality of life
55
36
🏙️ Population
4.1M
6.81M

The average cost of living in Panama ($1323) is 140% more expensive than in Paraguay ($551). Panama ranked 44th vs 172nd for Paraguay in the list of the most expensive countries in the world.

The average after-tax salary is enough to cover living expenses for 0.7 months in Panama compared to 0.8 months in Paraguay. Ranked 69th and 127th best countries to live in the world.

Salary adjustment calculator
the estimated difference in money purchasing power

Cost of living in Panama vs Paraguay infographic

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Prices in Panama vs Paraguay

We calculate prices for Panama and Paraguay as a population-weighted mean of 10 and 9 cities, respectively. Since large cities tend to have a higher cost of living, it's better to visit specific city pages below for more relevant information.

Panama Paraguay
Eating Out
🍱 Lunch Menu
$9.43
$4.24
🥂 Dinner in a Restaurant, for 2
$47.5
$18.7
🥪 Fast food meal, equiv. McDonald's
$7.88
$4.2
🍻 Beer in a Pub, 0.5 L or 16 fl oz
$2.86
$1.19
 Cappuccino
$3.78
$1.85
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz
$1.64
$0.89
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2
$748
$300
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2
$554
$200
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2
$1451
$570
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2
$1015
$341
🔌 Utility Bill one person, electricity, heating, water, etc.
$82
$23.2
🔌 Utility Bill for a Family, electricity, heating, water, etc.
$127
$35.6
🌐 Internet plan, 50 Mbps+ 1 month unlimited
$46
$16.2
🏦 Mortgage Interest Rate for 20 Years
6.34%
9.62%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2
$2471
$1261
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2
$1596
$783
Transportation
🚌 Local transport ticket
$0.46
$0.51
🎟️ Monthly ticket local transport
$28.1
$31.9
🚕 Taxi Ride, 8 km or 5 mi
$15.1
$7.02
 Gas / Petrol, 1 L or 0.26 gal
$1.01
$0.9
Groceries
🥛 Milk, 1 L or 1 qt
$1.79
$0.83
🍞 Bread, 0.5 kg or 1.1 lb
$2.28
$0.64
🍚 Rice, 1 kg or 2.2 lb
$2.48
$0.68
🥚 Eggs, x12
$2.77
$1.58
🧀 Cheese, 1 kg or 2.2 lb
$12
$6.26
🐔 Chicken Breast, 1 kg or 2.2 lb
$7.24
$2.96
🥩 Round Steak, 1 kg or 2.2 lb
$9.54
$6
🍏 Apples, 1 kg or 2.2 lb
$3.58
$1.78
🍌 Banana, 1 kg or 2.2 lb
$1.58
$0.71
🍊 Oranges, 1 kg or 2.2 lb
$2.89
$0.92
🍅 Tomato, 1 kg or 2.2 lb
$2.93
$1.28
🥔 Potato, 1 kg or 2.2 lb
$2.27
$0.93
🧅 Onion, 1 kg or 2.2 lb
$2.78
$0.9
🌊 Water, 1 L or 1 qt
$1.07
$0.3
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz
$2.3
$1.66
🍾 Wine (mid-priced), 750 mL bottle
$9.69
$5.19
🍺 Beer, 0.5 L or 16 fl oz
$1.22
$0.7
🚬 Cigarette pack
$5.98
$1.29
💊 Cold medicince, 1 week
$12.9
$5.9
🧴 Hair Shampoo
$6.69
$3.6
🧻 Toilet paper, 4 rolls
$3.06
$1.35
👄 Toothpaste, 1 tube
$3.1
$1.56
Other
🏋️ Gym Membership, 1 month
$39.8
$21.6
🎫 Cinema Ticket, 1 person
$7.1
$4.42
👩‍⚕️ Doctor's visit
$49.2
$18.2
💇 Haircut, simple
$10.9
$6.2
👖 Brand Jeans
$53.9
$45.5
👟 Brand Sneakers
$88.4
$67
👶 Daycare or Preschool, 1 month
$475
$178
🏫 International Primary School, 1 year
$13168
$2854

Cost of living in other countries

Cost of living

Cities Comparison in Panama vs Paraguay

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Cost of Living in Popular cities

In Panama

City Cost of living Population
Panama City
$1479
881K
Colon
$1172
242K
Tocumen
$1310
103K
Santiago de Veraguas
$1089
89K
La Chorrera
$957
68.9K
Balboa
$1328
62.9K
David
$890
82.9K
Chitre
$1117
60.5K
Pacora
$1304
52.5K
Penonome
$1116
21.7K

In Paraguay

City Cost of living Population
Asuncion
$635
462K
Ciudad del Este
$500
340K
Luque
$567
260K
San Lorenzo
$585
225K
Pedro Juan Caballero
$502
127K
Caaguazu
$405
127K
Encarnacion
$496
107K
Coronel Oviedo
$522
52.4K
Concepcion
$521
45.1K