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Cost of Living in Paraguay | Expat Exchange
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National Pantheon of the Heroes in Asuncion, Paraguay

Cost of Living in Paraguay

By Joshua Wood, LPC

Last updated on Mar 03, 2024

Summary: The cost of living in Paraguay is generally quite affordable. A nice one bedroom apartment in Paraguay can cost anywhere from $200 to $400 per month, while a nice two bedroom apartment can cost from $400 to $600 per month. A dinner at a moderately priced restaurant in Paraguay can cost anywhere from $10 to $20 per person.

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Is the cost of living in Paraguay high?

We asked people how much they someone comfortably live on in Paraguay, they wrote:

"The cost of living in Paraguay is generally considered to be quite affordable. Basic necessities such as food, transportation, and housing are all relatively inexpensive compared to other countries in the region. Prices for consumer goods and services are also quite low, making it a great destination for budget travelers. Additionally, the cost of living in Paraguay is significantly lower than in many other Latin American countries, making it an attractive option for expats and retirees," said one person in Paraguay.

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Will I save money living in Paraguay?

"Living in Paraguay can be significantly cheaper than living in the United States. The cost of living in Paraguay is much lower than in the United States, with basic necessities such as food, housing, and transportation costing significantly less. Additionally, the cost of healthcare is much lower in Paraguay than in the United States, making it a great option for those looking to save money," explained one expat.

What is the average cost of housing in Paraguay?

If you are thinking about moving to Paraguay, cost of living in probably a key consideration. Expats commented about the cost of housing:

"The cost of housing in Paraguay varies depending on the location and type of property. Generally, the cost of renting an apartment in a city center is higher than in the suburbs, while the cost of buying a house is higher in the suburbs than in the city center. On average, renting an apartment in a city center can cost around $400 to $600 per month, while buying a house in the suburbs can cost around $50,000 to $100,000," wrote a person living in Paraguay.

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What are typical rental prices for expats in Paraguay?

"The rental price for a nice 1 bedroom apartment in Paraguay can vary depending on the location and amenities, but generally ranges from around $400 to $800 per month. For a nice 2 bedroom apartment, the rental price can range from around $600 to $1,200 per month," commented one expat who moved to Paraguay.

What appliances are typically included in a rental?

We asked foreigners in Paraguay what appliances are typically included in a rental, and, if there is anything else included or not included that a newcomer would not expect. Replies included:

"In Paraguay, rental properties typically include a refrigerator, stove, oven, and washing machine. Other common appliances may include a microwave, dishwasher, and air conditioning unit. Depending on the property, some landlords may also provide additional appliances such as a clothes dryer, water heater, and/or water purification system," said one expat.

About the Author

Joshua Wood Joshua Wood, LPC joined Expat Exchange in 2000 and serves as one of its Co-Presidents. He is also one of the Founders of Digital Nomad Exchange. Prior to Expat Exchange, Joshua worked for NBC Cable (MSNBC and CNBC Primetime). Joshua has a BA from Syracuse and a Master's in Clinical and Counseling Psychology from Fairleigh Dickinson University. Mr. Wood is also a licensed counselor and psychotherapist.

Some of Joshua's articles include Pros and Cons of Living in Portugal, 10 Best Places to Live in Ireland and Pros and Cons of Living in Uruguay. Connect with Joshua on LinkedIn.

National Pantheon of the Heroes in Asuncion, Paraguay

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