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Cost Of Living In Paraguay
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Cost Of Living In Paraguay

What does it cost to live in Paraguay?

When deciding whether it is really less expensive to live in Paraguay, consider the following:

Housing

It depends on the location, size, amenities, etc. Do you want to rent or buy? Do you want to live in Asuncion or outside the city? In the city, on the lower end, a small decent rental apartment can be found for $500 monthly or you can buy a small place for $50,000 USD. Buying a new three bedroom duplex will run you somewhere in the neighborhood of $100,000-200,000 USD. If you wish to have more luxurious amenities, the sky’s the limit. Renting a large apartment with gates, guards, pool etc, could cost you about $2,400 USD monthly. If you decided to buy the same place, the cost would be about $300,000-400,000 USD, depending of course on your location. Outside the city, the prices drop considerably, but so does the amount of conveniences, such as groceries, stores and restaurants. There are luxury properties that go much, much higher, such as high rise condominiums, penthouses, and individual homes. It all depends on what you want and where you want it. Whatever you decide to get, a real estate agent or broker will be most helpful, as Paraguay doesn’t have a multiple listing site or service that you can browse through.

Health Insurance

According to locals we met, full coverage health insurance can be had for around $100 USD per month, depending on your age. A little less if you are under 50 years of age, slightly more if you are older than 50. This coverage will take care of everything at any of the five local hospitals in Asuncion, including tests. Visits to the doctor’s office are not included in this nor are prescription medications.

Transportation

Cars can cost considerably more in Paraguay than other places. Gas is also expensive compare to the United States. Car insurance is optional. Cars also need to be repaired more frequently due to the extremely rough condition of the roads. Alternatives include taxis, which are abundant, the local bus service (not the safest) or you can hire a driver. If you live in Asuncion, it is quite possible to walk to many facilities.

Food

Grocery prices are comparable to what we are used to paying in the U.S. Dining out, is much less expensive in Asuncion than in major U.S. or European cities. We eat at some really nice, upscale restaurants with top quality service, food and drinks, and never pay over $100 for a meal for two. (That includes drinks and dessert). Many meals are much less and Asuncion has a nice variety of restaurants.

Utilities

Again, these seem comparable to U.S. prices, depending on the location and size of your property.

All in all, the cost of living is very affordable; it all just depends on your budget and the lifestyle that you are seeking. If you are interested in getting more information, specifically on steps to obtain residency in Paraguay, feel free to click here. Obtaining a residency overseas doesn’t mean that you are required to live there permanently or part-time. Each country is different.


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