Is the cost of living in Paraguay high?

"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 another expat in Paraguay.