Which place is cheaper, Panama City or Asuncion?
These are the overall average travel costs for the two destinations.
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Should you visit Asuncion or Panama City?
Which is cheaper to visit? Which is more expensive for vacation?
If you're trying to decide where to visit between Asuncion or Panama City, this travel comparison, which includes costs, can help. The overall cost of travel is usually a consideration when deciding where to go next, and the cost comparison down below can help you decide based on the average prices from other travelers along with your own travel budget.
Where Should I go: Asuncion or Panama City?
Asuncion
Asuncion is a vastly underrated city. It is the capital but also the administrative economic and cultural center of Paraguay. It is located in the south central part of the country, near the border with Argentina and it is one of the oldest cities in South America, with people living here since almost 500 years. The city has a beautiful and simple center, with a few unique colonial and beaux arts buildings, international cuisine, shady plazas and friendly people. Its handful of historic buildings around the Plaza de los Heroes, Plaza Uruguaya and Manzana de la Ribera, two or three small museums, old bars and cafes, but also smart suburbs, ritzy shopping malls and fashionable nightclubs will keep you entertained for a day or two. It is a very charming city for travellers and apart from the sights, the city boasts a good tourist infrastructure with hotels and restaurants.
Panama City
Panama City is the cosmopolitan capital city of the country of Panama. With a population of almost 900,000 and almost 1.5 million in the metropolitan area, it's a very diverse city with expat residents from all over the world. You don't have to search far to find someone who speaks English, and many Panamanians are quite helpful and friendly.
For some great organized tour ideas, see The Best 2-Week Tours from Panama City, and The Best Adventure Tours to Panama.
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Average Daily Cost Per person, per dayAsuncion $68Panama City $86
The average daily cost (per person) in Asuncion is $68, while the average daily cost in Panama City is $86. These costs include accommodation (assuming double occupancy, so the traveler is sharing the room), food, transportation, and entertainment. While every person is different, these costs are an average of past travelers in each destination. What follows is a categorical breakdown of travel costs for Asuncion and Panama City in more detail.
Accommodation
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Accommodation Hotel or hostel for one personAsuncion $22Panama City $35
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Accommodation Typical double-occupancy roomAsuncion $44Panama City $70
Compare Hotels in Asuncion and Panama City
Looking for a hotel in Asuncion or Panama City? Prices vary by location, date, season, and the level of luxury. See below for options and compare which is best for your budget and travel style.
Kayak helps you find the best prices for hotels, flights, and rental cars for destinations around the world. Compare prices for multiple destinations when planning your next trip.
Our Analysis
We've analyzed the average and typical hotel prices based on guest reviews, star ratings, and hotel amenities here: Asuncion Hotel Prices and Panama City Hotel Prices.
Local Transportation
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Local Transportation Taxis, local buses, subway, etc.Asuncion $8.82Panama City $11
Hired Cars and Shuttles in Asuncion
Also for Asuncion, here are a few examples of actual transportation services:
- RoundTrip Transfer in Private Minivan Asuncion Airport (ASU) - Asuncion City: $59
- RoundTrip Private Transfer Asuncion Airport (ASU) - Asuncion City: $52
- Transfer in private minivan from Asuncion Airport (ASU) - Asuncion City: $29
- Transfer in private minivan Asuncion City - Silvio Pettirosi Airport (ASU): $29
- Transfer in Private Car from Asuncion Airport (ASU) - Asuncion City: $21
- Transfer in private car from Asuncion City - Asuncion Airport (ASU): $20
Hired Cars and Shuttles in Panama City
Also for Panama City, here are a few examples of actual transportation services:
- Transfers Airport - Hotels Riu Playa Blanca, Decameron, Bijao, Playa Blanca: $70
- Transfers: $37
- Transfer to Panama City, Hotel and City tour - 1 night: $266
- Transfer in private vehicle from Panama Tocumen Airport (PTY)- Panama City: $15
- Transfer in private vehicle from Panama City - Panama Tocumen Airport (PTY): $15
- Transfer in private minivan from Playa Bonita to Panama Tocumen Airport: $70
- Transfer in private minivan from Panama Tocumen Airport to Playa Bonita: $70
- Transfer in private minivan from Panama Tocumen Airport to Playa Blanca-Farallon: $160
- Transfer from Panama City Hotel to Tocumen Airport: $23
- Transfer from PTY Airport or Panama City to Playa Blanca and Back: $77
- Transfer Tocumen Airport to Panama City Hotels.: $25
- Transfer Panama Airport- Colon Cruise Terminal: $90
Is it cheaper to fly into Asuncion or Panama City?
Prices for flights to both Panama City and Asuncion change regularly based on dates and travel demand. We suggest you find the best prices for your next trip on Kayak, because you can compare the cost of flights across multiple airlines for your prefered dates.
Food
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Food Meals for one dayAsuncion $17Panama City $21
Typical Food Prices in Panama City
Here are some examples of typical meal expenses from previous travelers to Panama City:
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Sandwich$8.27
Food Tours and Cooking Classes in Panama City
For Panama City, here are some samples of tours and activities related to meals and dining experiences:
- Panama Evening Food Tour: $60
- 10-Recipe Boozy Panamanian Cooking Class : $85
- 4-Hour Guided Panamanian Cooking Class and Markets Experience: $85
- Panama: 10-Recipe Boozy Panamanian Cooking Class + Dinner: $85
- The 'Real' Panamanian Private Food Tour: $200
Entertainment
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Entertainment Entrance tickets, shows, etc.Asuncion $16Panama City $66
Tours and Activities in Asuncion
For Asuncion, here are a few prices for actual activities, tours, and tickets provided by various companies:
- Asunción Like a Local: Customized Private Tour: $35
- Asuncion Birding Tour: $70
- Birding and Nature Chaco Tour: $140
- Crystal Fall - day tour in a reduced group: $85
- Day Tour “Cerrito”: $231
- Day tour “Circuito San Bernardino”: $214
- Day tour “Circuito Sapucai”: $221
- Day tour “Pai Pukú”: $230
- Day tour to “National Park Ybycuí”: $265
- Full day Paraguay River Nature and Wildlife Boat Tour: $207
- Golden Triangle Tour: $110
- Half-Day Yparacai Lake Tour from Asuncion with Pick Up: $185
Tours and Activities in Panama City
Also, here are some specific examples of entertainment, tickets, and activities for Panama City.
- City Tour y Canal de Panamá: $35
- #1 Walking Tour in Casco Viejo, Panama Canal Museum & Lunch : $77
- "Bridge of the Americas Stand-Up Paddle Private 2 hours Tour " : $100
- 1- or 2-Night Experience in San Blas Islands: $260
- 2 Hours Private Luxury Tour in a Convertible Car in Panama City: $255
- 2 Hours Tour to Panama La Vieja for Groups: $170
- 2 Hr Express Tour for Business Travellers & Airport Layovers: $75
- 2-Day San Blas Adventure from Panama City: $270
- 3 Hours Private Photo Tour in Casco Antiguo: $90
- 3-Hour Private Tour in Panama La Vieja: $45
- 5 Hours Tour to Monkey Island Embera community Gamboa Panama: $165
- 5-Hour Tour in Agua Clara New Locks: $100
Alcohol
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Alcohol Drinks for one dayAsuncion $10Panama City $18
Typical Alcohol Prices in Asuncion
Some typical examples of the costs for nightlife and alcohol in Asuncion are as follows:
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Beer$1.22
When we compare the travel costs of actual travelers between Asuncion and Panama City, we can see that Panama City is more expensive. And not only is Asuncion much less expensive, but it is actually a significantly cheaper destination. Since Asuncion is in South America and Panama City is in Central America, this is one of the main reasons why the costs are so different, as different regions of the world tend to have overall different travel costs. So, traveling to Asuncion would let you spend less money overall. Or, you could decide to spend more money in Asuncion and be able to afford a more luxurious travel style by staying in nicer hotels, eating at more expensive restaurants, taking tours, and experiencing more activities. The same level of travel in Panama City would naturally cost you much more money, so you would probably want to keep your budget a little tighter in Panama City than you might in Asuncion.
If you're trying to decide if either of these two destinations are within your price range, also see Is Asuncion Expensive? and Is Panama City Expensive?.
Which is Bigger, Asuncion or Panama City?
Asuncion has a larger population, and is about 4 times larger than the population of Panama City. When comparing the sizes of Asuncion and Panama City, keep in mind that a larger population does not always imply the destination has more attractions or better activities. So, always research the type of place that you want to visit along with the activities and attractions that interest you.
Budget Your Trip is all about finding out how much everything costs so that you can travel cheaper and longer. Created by avid travelers Laurie and Bryan, our goal is to help you plan your next trip on the right budget. With average daily travel costs that are calculated from the budgets of real travelers, plus an analysis of hotel and tour prices, you can find out how much money you need to plan your next adventure. We also have plenty of travel advice, accommodation reviews, and activity suggestions.