Key Cost of Living Data
Paraguay 2026 · NYC baseline = 100
vs NYC baseline
| Category | Index | Est. USD | Tier |
|---|---|---|---|
| Cost of Living | 40.0 | 60% cheaper than NYC | Moderate |
| Rent (1-bed city) | 14.0 | —/mo est. | Cheap |
| Groceries | 42.0 | —/mo est. | Moderate |
| Restaurants | 26.0 | —/meal est. | Cheap |
| Local Purch. Power | 41.16 | ×2.50 expat stretch | |
| GNI per Capita | $17.9k | World Bank PPP | |
| Inflation Rate | 3.84% | Annual 2026 |
Housing & Rent
USD per month · 2026
Food & Dining
Per-item prices in USD
Transport
Monthly costs in USD
Healthcare & Quality of Life
Key indicators for expats
Life Expectancy74.8 yrs
Physicians / 1,0003.9
Safety Index3.1Low Safety
HDI Score0.731High Development
Education Index0.676
Gini Coefficient44.2
Air Quality PM2.512.6 µg/m³
Key Insight
Paraguay is the quiet tax haven hiding in plain sight — 10% flat income tax, territorial taxation (foreign income untaxed), and near-zero property tax combine with stunning affordability, crypto-friendly banking laws, and permanent residency achievable in 2–3 months. No other country offers this precise combination for the digitally independent.
Budget-Friendly
Our Verdict for Paraguay
Paraguay offers strong value for money at CoL 40.0 — significantly below NYC and most Western cities. Digital nomads and expats from high-cost countries benefit most from this gap.
Best for
- Digital nomads & remote workers on foreign income
- Budget-conscious expats maximising lifestyle quality
May not suit
- Those requiring Western-standard amenities everywhere
Related · TaxRatesByCountry.com
Tax Rates in Paraguay for Expats 2026
Income tax, corporate rates, capital gains, VAT & special regimes
Read guide →
Free resource
Planning a move to Paraguay?
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Monthly Budget Estimates
Paraguay · all-in USD per month
Frugal
$700–$900per month
Shared housing, cooking at home, local transport
Comfortable
$1,000–$1,400per month
Private apartment, regular dining out, occasional travel
Western Expat
$2,000+per month
Premium lifestyle, frequent travel, international standard
Monthly Budget Estimator
Cost of living in —
Estimated monthly total
$0
10-Year Economic Trend
GDP per capita PPP (USD)
Annual Inflation (%)
Country vs Region Average
Regional cost comparison
This country
Region average
Frequently Asked Questions
Paraguay cost of living
Comparisons
Sources: World Bank Open Data 2026 · GlobalCostData Research 2026 · OECD Statistics. Data verified April 2026. Not financial or legal advice.