Paraguay
Overall Score
58.1
Good
Avg. Rent (1BR)
$453.32
-73% vs US Avg
Safety Index
48.2
COL Index
23
Level 2 — Exercise Increased Caution
Please check the latest official travel advisories for Paraguay before planning your trip.
You can establish residency in Paraguay with just $5,500 deposited in a local bank and no ongoing income requirement — that's it. The Permanent Residency visa doesn't ask you to prove pension income, doesn't impose minimum stay requirements after you're approved, and costs roughly $6,000 to $7,000 total when you include legal fees and the required deposit. This makes it one of the cheapest and most straightforward residency programs in Latin America, particularly appealing if you're looking for a legal foothold in South America without committing to live there full-time. Your monthly expenses in Asunción, the capital where most expats settle, will run $1,200 to $1,800 for rent, utilities, food, and basic services — more if you want imported goods or a lifestyle that mirrors what you had in the States.
The catch is that Paraguay is genuinely underdeveloped compared to what most Americans expect from a retirement destination. Infrastructure is unreliable, healthcare outside the capital is limited, and the country runs on a cash economy with corruption baked into everyday transactions. You'll deal with power outages, spotty internet, and a banking system that still resists credit cards in many places. The population is around 7.1 million, and English is almost nonexistent outside expat circles, so you'll need at least functional Spanish to navigate anything beyond ordering food. Paraguay works for someone who wants the cheapest possible residency in a stable country with low taxes and doesn't mind roughing it a bit — not for anyone expecting modern conveniences or easy access to quality medical care.
Recommended Destinations in Paraguay
Best for Retirees
Best for Geoarbitrage
Best for Remote Workers
- Capital
- Asunción
- Official Language
- Guaraní, Spanish
- Time Zone
- UTC-04:00
- Region
- Latin America
- Population
- 7,132,530
- Healthcare Index
- 40.4
- Internet Speed
- 108.01 Mbps
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Explore data visually
🏙️ Top Cities in Paraguay
Explore cost of living, walkability scores, and expat ratings for individual cities in Paraguay.
CoL Index: 45
Est. Total: ~$1,170/mo
CoL Index: 43
Est. Total: ~$1,030/mo
CoL Index: 37
Est. Total: ~$900/mo
CoL Index: 38
Est. Total: ~$870/mo
CoL Index: 35
Est. Total: ~$900/mo
CoL Index: 42
Est. Total: ~$930/mo
CoL Index: 35
Est. Total: ~$740/mo
CoL Index: 29
Est. Total: ~$670/mo
CoL Index: 23
Est. Total: ~$857/mo
CoL Index: 25
Est. Total: ~$700/mo
CoL Index: 23
Est. Total: ~$959/mo
CoL Index: 23
Est. Total: ~$959/mo
How far does $2,500 go in Paraguay?
With a monthly budget of $2,500, you can live comfortably in Paraguay. After accounting for an average rent of $453.32, you have approximately $2,046.68 remaining for daily expenses.
Calculate your FIRE timeline with these costs →💰 Cost of Living in Paraguay
Relative to New York City (NYC = 100). A lower number means it's cheaper.
Relative to New York City (NYC = 100). A lower number means rent is cheaper.
Relative to New York City (NYC = 100). A lower number means groceries are cheaper.
Relative to New York City (NYC = 100). A lower number means eating out is cheaper.
Cost Comparison Notes:
Summary of cost of living in Paraguay: The estimated monthly costs for a family of four are $1,878.3 (12,151,726.1Gs), excluding rent. The estimated monthly costs for a single person are $505.2 (3,268,097.8Gs), excluding rent. Cost of living in Paraguay is, on average, 57.5% lower than in United States. Rent in Paraguay is, on average, 74.9% lower than in United States.
🛒 Grocery & Family Costs
Family Costs
⚕️ Healthcare System
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Flexible, subscription-based health cover for remote workers in Paraguay.
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An estimation of the overall quality of the health care system. Higher is better.
Quality & Affordability:
Paraguay's public health system faces challenges in availability, accessibility, acceptability, and quality of services, particularly in primary healthcare. Public spending on health is approximately $2.5 billion annually, highlighting the need for improved resource allocation and management.
Insurance Insights:
The system relies heavily on public funding, but inefficiencies necessitate reforms to enhance coverage and reduce out-of-pocket expenses.
🛂 Visa & Residency Pathways
🛂 Visa Services
Ready to apply for a Paraguay visa?
Get help with your application — tourist, long-stay, and residency visas processed online.
General Overview
Process & Requirements:
Paraguay is renowned for having one of the most 'clear' and straightforward permanent residency programs in the world. The process allows a foreigner to apply directly for a permanent residence permit. The primary requirement is to deposit a sum of money equivalent to 35 minimum monthly wages (approximately $5,000 USD) into a Paraguayan bank account. Other required documents include a birth certificate, marriage certificate (if applicable), and a police background check, all of which must be apostilled. The application is submitted in person in Paraguay at the immigration office (Dirección General de Migraciones).
The simplicity and low cost of this direct-to-permanent-residency path make it exceptionally accessible. While using a local lawyer is highly recommended to ensure the process goes smoothly, the legal requirements themselves are minimal, earning it a high score.
Residency & Citizenship Notes:
The pathway to permanent residency is exceptionally 'clear' and fast. The pathway to citizenship is also 'clear'. After three years of holding permanent resident status, a person can apply for naturalization. The applicant must demonstrate some ties to the country, such as property ownership, a local business, or consistent tax payments. A basic knowledge of Spanish and Paraguayan history is also required. Paraguay allows dual citizenship, so you are not required to renounce your previous nationality. The combination of easy permanent residency, a short three-year path to citizenship, and acceptance of dual nationality makes Paraguay's program highly attractive.
Detailed Visa Options
🛡️ Safety & Stability
An estimation of overall safety level. Higher is better.
An estimation of the overall level of crime. Lower is better.
Reflects perceptions of political stability. Higher is better.
Safety Notes:
Crime Rate: High. Paraguay experiences high levels of crime, including violent crime and organized criminal activities.
Types of Crime: Armed robbery, assault, kidnapping, and drug-related violence.
Kidnapping Risk: High; incidents are common, particularly in certain regions.
🏦 Taxation & Finance
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bordr →Recommended Partner
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Send money to Paraguay with Wise Money Transfer →Recommended Partner
Fidelity →Recommended Partner
SoFi →🏦 Tax Snapshot
{"rate":0.1,"notes":"Paraguay taxes capital gains at 10% for non-residents. Residents may pay between 8% to 10% depending on the type of asset.","details":{"tax_type":"Capital Gains Tax","real_estate":{"description":"Real estate capital gains are subject to the same rates as other capital gains, but the acquisition cost may be adjusted for inflation when calculating the gain."},"additional_notes":["Paraguay has a relatively favorable tax environment compared to many neighboring countries.","Tax laws are subject to change. Always consult with a qualified tax professional for the most current information."],"country_iso_code":"PRY","source_references":["Subsecretaría de Estado de Tributación (SET)","Paraguayan Tax Code"],"last_verified_date":"2024-05-21","general_description":"Paraguay taxes capital gains under its income tax system, with different rates applying to residents and non-residents.","resident_capital_gains":{"personal_income_tax":{"rate":0.08,"description":"Individuals who are residents of Paraguay are subject to Personal Income Tax (IRP) at 8% on capital gains."},"corporate_income_tax":{"rate":0.1,"description":"Corporations are subject to Corporate Income Tax (IRE) at 10% on capital gains."}},"non_resident_capital_gains":{"rate":0.15,"description":"Non-residents are generally subject to a 15% withholding tax on capital gains derived from Paraguayan sources."}}}
{"notes":"5% withholding tax on dividends.","rates":[{"rate":0.05,"type":"withholding"}]}
Tax Treaties Notes:
Paraguay does not have an income tax treaty with the United States, which may result in potential double taxation for U.S. citizens residing in Paraguay. [Source: PwC](https://taxsummaries.pwc.com/paraguay/individual/foreign-tax-relief-and-tax-treaties)
Retiree Tax Benefits:
No specific tax benefits for foreign retirees have been identified in Paraguay. U.S. citizens must comply with U.S. tax obligations on their global income.
Cost Savings vs. U.S.:
Paraguay offers a lower cost of living compared to the United States, with affordable healthcare and housing, making it appealing for retirees.
☀️ Climate & Environment
Our proprietary index measuring annual average PM2.5 concentration. Lower is better (0-5 is good).
Our proprietary index for drinking water quality and sanitation. Higher is better.
Seasonal Variations:
Paraguay has a subtropical to tropical climate with distinct wet and dry seasons. The rainy season occurs from October to March, while the dry season spans from May to August.
😊 Quality of Life
Cultural Amenities:
Museums & Cultural Institutions
Paraguay is home to several museums, including the National Museum of Fine Arts in Asunción, showcasing Paraguayan art and history.
The Museum of the History of the National Police in Asunción offers exhibits on the country's law enforcement history.
Performing Arts
Paraguay has a rich tradition of music and dance, with performances held during festivals and cultural events.
The National Symphony Orchestra of Paraguay is a prominent institution in the performing arts community.
Cultural Festivals
The Festival Internacional de Jazz de Asunción is an annual event attracting jazz musicians from around the world.
The Fiesta de San Juan is a traditional festival featuring music, dance, and local cuisine.
Culinary Culture
Paraguayan cuisine includes dishes like sopa paraguaya (cornbread), chipa (cheese bread), and asado (barbecue).
The country is known for its yerba mate tea and traditional stews.
🌐 Infrastructure & Connectivity
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Radical Storage →Recommended Partner
GetRentacar.com →Recommended Partner
Drimsim →Our proprietary ranking of public transit accessibility and reliability.
Internet Reliability:
Paraguay has moderate internet infrastructure with ongoing improvements, particularly in urban areas.
Speed & Quality: Fixed broadband averages around 45 Mbps in cities, with fiber networks expanding in Asunción and other major centers.
Availability: Good coverage in urban areas, but rural connectivity remains limited. Mobile 4G coverage is expanding.
Cost: Competitively priced for the region, with residential plans typically $25-40/month.
Reliability for Remote Work: Generally reliable in urban areas with adequate speeds for most remote work activities. Rural areas may face connectivity challenges.
Transportation Network:
Paraguay has basic transportation infrastructure as a landlocked country with developing road and river transport systems.
Roads: Road network connects major cities; many rural roads are unpaved.
Rail: Very limited rail service with minimal passenger operations.
Domestic Travel: Domestic flights available; buses and river transport provide primary means of travel.
Frequently Asked Questions about Paraguay
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