Cost of Living, Safety & Expat Guide (2026)

Paraguay

Panama
Based on our comparison, Asunción wins 5 out of 8 categories.Panama City wins 3 categories.
For digital nomads choosing between Asunción and Panama City, the answer depends on your priorities. Here's our analysis:
Best for Budget
Asunción
$998/mo
Best Internet
Panama City
120 Mbps
Best NomadIQ Score
Asunción
6.9/10
Our Recommendation: Asunción is the clear winner for digital nomads, offering both affordability and excellent nomad infrastructure.
When comparing Asunción and Panama City for digital nomads, several factors come into play.
Cost of Living: Asunción offers a more affordable lifestyle at $998/month compared to Panama City's $1,948/month.
Internet & Remote Work: Panama City provides faster connectivity at 120 Mbps compared to Asunción's 75 Mbps.
Safety: With a safety score of 5.4/10, Panama City offers better security than Asunción (4.5/10).
Overall: Asunción earns a higher NomadIQ score of 6.9/10, making it slightly more suited for the digital nomad lifestyle.
Asunción is 49% cheaper than Panama City.
Panama City has a higher safety score (5.4/10) compared to Asunción (4.5/10).
4.5/10
Asunción
5.4/10
Panama City
For remote workers, internet speed is crucial. Panama City offers faster internet at 120 Mbps vs 75 Mbps.
75 Mbps
Asunción
120 Mbps
Panama City
Based on our analysis, Asunción edges out as the better choice for expats, winning 5 of 8 comparison factors.
Asunción: Best for budget-conscious expats
Panama City: Best for those prioritizing amenities
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