At a Glance
Cost of Living
low
Safety
moderate
English Level
low
Climate
Subtropical: hot humid summers (Nov-Mar), mild winters (May-Aug)
Essentials
Cost of Living
Paraguay is one of the most affordable countries in South America. A comfortable lifestyle in Asuncion costs $800-1,500/month including rent. About 60-65% cheaper than the US or Western Europe.
Healthcare
Paraguay has a dual public-private healthcare system. Public care is free but overcrowded with limited resources. Private healthcare in Asuncion is good quality and affordable by international standards.
Banking
Opening a bank account requires a Cedula (Paraguayan ID). Foreigners must first obtain residency. USD accounts are available but require demonstrating income sources. The banking system is straightforward once you have proper documentation.
Housing
Housing is very affordable. Modern apartments in Asuncion's best neighborhoods cost $400-700/month. Foreigners can buy property without restrictions. Rental process is straightforward with typically 1-2 month deposits.
Lifestyle
Working Remotely
Paraguay is increasingly popular for digital nomads due to 0% tax on foreign income, good internet in cities (50+ Mbps), and low cost of living. No digital nomad visa exists, but temporary residency grants full work rights.
Transportation
Asuncion relies on buses and ride-sharing (Uber/Bolt). No metro system exists. Car ownership is common but not essential in the city. Road quality varies - major highways improving, secondary roads poor.
Language
Paraguay is uniquely bilingual: Spanish and Guarani are both official languages. Spanish is essential for daily life. English is rarely spoken. Guarani is deeply embedded in culture and appreciated by locals when foreigners try it.
Expat Community
Growing international community, especially in Asuncion. Strong presence of German, Brazilian, and Argentine expats historically. Recent surge of American and European digital nomads. Active Facebook groups and regular meetups.
Food & Dining
Paraguayan cuisine centers on grilled meat (asado), corn, and mandioca (cassava). Dining is very affordable. Terere (cold mate) is the national drink. Good variety of international restaurants in Asuncion. No tipping culture.
More Topics
Taxes
Paraguay uses a territorial tax system - only income earned within Paraguay is taxed. Foreign income (remote work, investments, pensions from abroad) is 100% tax-free. Local income taxed at 8-10%. No wealth, inheritance, or gift taxes.
Safety
Paraguay is one of South America's safer countries with a homicide rate of ~8 per 100,000 (lower than regional average). Main concerns are petty crime in cities and poor road safety. Avoid border areas with known drug trafficking.
Climate & Weather
Subtropical climate with hot, humid summers (Nov-Mar, up to 40°C/104°F) and mild winters (May-Aug, 15-25°C). No extreme cold or snow. Seasons are opposite to Northern Hemisphere. Summer heat can be intense.
Education
Paraguay has public and private schools. Private bilingual schools (Spanish/English) available in Asuncion for expat families. Universities affordable but limited international recognition. Many expats homeschool or use online programs.
Family Life
Paraguay is family-oriented with a relaxed pace of life. Good for families seeking affordable, safe environment. Childcare is inexpensive. Main challenges are healthcare quality and education options.
Culture & Lifestyle
Paraguayan culture is warm, family-centered, and relaxed. Key elements include terere sharing, asado gatherings, and strong community bonds. Pace of life is slower than Western countries. Guarani heritage adds unique character.