🇵🇾 Cost of Living in Paraguay - Prices & Budget Guide
Last updated: February 2026
Verified Facts
Official NameRepublic of Paraguay
CapitalAsunción
Population6.1 million
Area406,752 km² (157,048 sq mi)
LanguagesGuaraní, Spanish
CurrencyParaguayan guaraní (₲)
TimezoneUTC-04:00
RegionAmericas / South America
Drives onRight
Source: REST Countries API
Economic Indicators
GDP per Capita (PPP)$18,524 (2024)
Inflation Rate3.8% (2024)
Health Spend per Capita$527 (2023)
Out-of-Pocket Health Spend36.3% (2023)
Education Spend (% GDP)3.4% (2023)
Source: World Bank Open Data
Quick Facts
Cost LevelAffordable
Daily Budget (Backpacker)$30-50 USD
Daily Budget (Mid-Range)$50-100 USD
Daily Budget (Comfort)$100-200 USD
CurrencyPYG
Tipping Customnot expected
How Expensive Is Paraguay?
Paraguay is considered one of the most affordable countries in South America, with a cost of living that is significantly lower than its neighbors, Argentina, Bolivia, and Brazil. The country's economy is largely based on agriculture and manufacturing, which keeps the cost of goods and services relatively low. As a result, visitors and expats can enjoy a comfortable lifestyle without breaking the bank. From accommodation to food and transportation, Paraguay offers a great value for money, making it an attractive destination for travelers and those looking to relocate.
Compared to other countries in the region, Paraguay's cost of living is approximately 30-50% lower. For example, a meal at a mid-range restaurant in Asuncion, the capital city, can cost between $10-20 USD, while a similar meal in Buenos Aires, Argentina, can cost upwards of $25-35 USD. Additionally, the cost of accommodation in Paraguay is relatively low, with a one-bedroom apartment in the city center costing around $200-300 USD per month, compared to $500-700 USD in other major cities in South America.
Accommodation Prices
Type
Price Range (USD/night)
Notes
Hostel/Budget
$10-20
basic amenities, shared rooms
Mid-Range Hotel
$30-60
private rooms, TV, Wi-Fi
Luxury/Resort
$100-200
high-end amenities, pool, gym
Apartment Rent (monthly)
$150-400
city center: $250-400, outside: $150-300
Food & Dining Prices
Meal Type
Price Range (USD)
Street Food / Local Eatery
$3-5
Casual Restaurant
$10-15
Mid-Range Restaurant (2 people)
$20-30
Fine Dining
$50-70
Beer (local)
$2-3
Coffee
$1-2
Water (1.5L bottle)
$1-2
Transport Costs
Transport
Cost (USD)
Local bus/metro ride
$0.50-1.00
Taxi (per km)
$1.00-2.00
Domestic flight
$50-100
Fuel (per liter)
$0.70-1.00
Monthly Budget Breakdown
Category
Budget ($)
Mid-Range ($)
Comfortable ($)
Rent
150
250
400
Food
200
350
500
Transport
50
100
150
Utilities
50
100
150
Entertainment
100
200
300
Total
550
1000
1500
Money-Saving Tips
Consider staying in a hostel or budget hotel, which can cost significantly less than a mid-range hotel.
Eat at local eateries or street food stalls, which offer delicious and affordable meals.
Use public transportation, such as buses or taxis, which are relatively cheap and convenient.
Avoid drinking bottled water and instead opt for filtered water, which is widely available.
Shop at local markets or supermarkets, which offer fresh produce and other essentials at lower prices than tourist areas.
Learn some basic Spanish or Guarani phrases, which can help you navigate the country and negotiate prices more effectively.
Overall, Paraguay is a great destination for travelers and expats looking for an affordable and comfortable lifestyle. With its low cost of living, rich culture, and friendly people, Paraguay is an excellent choice for those looking to experience the best of South America without breaking the bank.