Moving to Paraguay from Iceland

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What to Expect

Everything you need to know before relocating from Iceland to Paraguay — costs, safety, healthcare, and practical first steps.

If you moved from Iceland to Paraguay, you would find that Paraguay is 71.2% cheaper than Iceland overall. A ISK9,423,000 salary in Iceland would need to be roughly PYG110,835,233 in Paraguay to maintain the same lifestyle, and you’d need to navigate life in Guaraní and Spanish. Expect a noticeable climate shift — Asuncion averages 83°F vs 45°F in Reykjavik, making it significantly warmer.

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How Far Will Your Money Go?

What to expect for your wallet after moving from Iceland to Paraguay.

What does your salary buy?

ISK9,423,000 PYG110,835,233

To maintain the same standard of living in Paraguay

Calculate with your salary →

Where you'll feel the difference day-to-day

Restaurants

pay 79.0% less

Groceries

pay 66.1% less

Transportation

pay 66.6% less

Housing

pay 76.7% less

Childcare

pay 77.2% less

Entertainment and Sports

pay 76.0% less

See full cost of living breakdown
Exchange rate: 1 ISK = 48.44 PYG (July 2026)

Data: MyLifeElsewhere's crowdsourced cost of living database, with prices submitted and updated by users worldwide. Exchange rates are refreshed regularly from public sources.

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Key Indicator Comparison

Key indicators for anyone considering a move from Iceland to Paraguay.

Is it safe?

Homicide rate United Nations SDG Indicators, 2022

per 100,000 people per year

IS
1.1
PY
7.0
Feel safe walking at night United Nations SDG Indicators, 2022

of residents who feel safe walking alone at night

IS
91%
PY
43%

Iceland performs better than Paraguay across all safety metrics.

How's the healthcare?

Healthcare spending per person World Bank, 2024

annual government + private spending per person

IS
$6,927
PY
$1,469
Doctors per 10,000 people United Nations SDG Indicators, 2022

affects wait times and access to care

IS
45.2
PY
38.8

Paraguay generally does better on health & wellbeing, though Iceland leads in doctors per 10,000 people.

What about the environment?

Air pollution deaths United Nations SDG Indicators, 2019

deaths attributable to air pollution per 100k people

IS
8.0
PY
25.0
CO₂ emissions per capita World Bank, 2024

tonnes of CO₂ emitted per person per year

IS
8.5t
PY
1.2t

Iceland generally does better on environment, though Paraguay leads in co₂ emissions per capita.

Will I have good infrastructure?

Broadband per 100 people United Nations SDG Indicators, 2022

fixed broadband subscriptions — key for remote work

IS
38.2
PY
10.9
Water stress level United Nations SDG Indicators, 2021

higher means greater strain on freshwater supply

IS
0.4%
PY
1.8%

Iceland performs better than Paraguay across all infrastructure metrics.

What are the job prospects?

Unemployment rate The World Factbook, 2023

percentage of the labour force without work

IS
3.6%
PY
5.8%
GDP per capita The World Factbook, 2023

a broad measure of economic output per person

IS
$66,500
PY
$15,700

Iceland performs better than Paraguay across all employment & economy metrics.

Is it good for families?

Life expectancy The World Factbook, 2022

average years of life at birth

IS
83.6 yrs
PY
78.4 yrs
Infant mortality The World Factbook, 2022

deaths per 1,000 live births — lower is better

IS
1.6
PY
23.2

Iceland performs better than Paraguay across all family life metrics.

Data: The World Factbook, United Nations SDG Indicators, World Bank

What's the Climate Like?

Monthly averages — select a city to compare.

Reykjavik Rain: 31.4 in/yr (798 mm)
45° / 35°F

Avg. annual high / low

Asuncion Rain: 55.2 in/yr (1401 mm)
83° / 65°F

Avg. annual high / low

Months Reykjavik Asuncion
Jan–Mar 37°/28°F (3°/-2°C) 91°/72°F (33°/22°C)
Apr–Jun 48°/38°F (9°/4°C) 78°/61°F (26°/16°C)
Jul–Sep 54°/45°F (12°/7°C) 77°/58°F (25°/14°C)
Oct–Dec 39°/31°F (4°/-1°C) 87°/68°F (31°/20°C)
View all months
Month Reykjavik Asuncion
Jan 35°/27°F (1.9°/-3.0°C) 92°/73°F (33.5°/22.8°C)
Feb 37°/28°F (2.8°/-2.1°C) 91°/72°F (32.6°/22.3°C)
Mar 38°/28°F (3.2°/-2.0°C) 89°/70°F (31.6°/21.3°C)
Apr 42°/33°F (5.7°/0.4°C) 83°/65°F (28.4°/18.6°C)
May 49°/38°F (9.4°/3.6°C) 77°/60°F (25.0°/15.7°C)
Jun 53°/44°F (11.7°/6.7°C) 74°/57°F (23.1°/13.8°C)
Jul 56°/47°F (13.3°/8.3°C) 74°/56°F (23.2°/13.1°C)
Aug 55°/46°F (13.0°/7.9°C) 77°/58°F (24.8°/14.3°C)
Sep 50°/41°F (10.1°/5.0°C) 80°/61°F (26.4°/15.9°C)
Oct 44°/36°F (6.8°/2.2°C) 85°/65°F (29.2°/18.6°C)
Nov 38°/30°F (3.4°/-1.3°C) 87°/68°F (30.7°/20.1°C)
Dec 36°/27°F (2.2°/-2.8°C) 90°/71°F (32.3°/21.8°C)

Data: Icelandic Meteorological Office Icelandic Meteorological Office, Dirección de Meteorología e Hidrología (DMH) Dirección de Meteorología e Hidrología (DMH)

Visitor Visa Requirements

Short-stay tourist visa rules between Iceland and Paraguay. To live, work, or study long-term in Paraguay, you'll need a separate residence or work visa — check Paraguay's immigration authority.

Iceland passport

Iceland passport holder visiting Paraguay

Visa Free
Iceland passport holders can enter Paraguay without a visa.
Paraguay passport

Paraguay passport holder visiting Iceland

Visa Free
Paraguay passport holders can enter Iceland without a visa.

Data: Henley Passport Index. Check with the destination country's embassy for the most current requirements.

Frequently Asked Questions

Is it cheaper to live in Paraguay than Iceland?

Yes — Paraguay is on average about 76% cheaper than Iceland. City-level variation can be significant.

How much money do I need to move to Paraguay?

Plan for at least 3 months of living expenses — roughly PYG27,708,808 in Paraguay on a ISK9,423,000 comparable salary — plus one-off moving costs (flights, shipping, a rental deposit, and visa fees).

Can I work remotely from Paraguay?

Internet is rarely the blocker — Paraguay has 10.9 fixed broadband subscriptions per 100 people. The real questions are legal: digital nomad visa eligibility, your employer's overseas-work policy, and tax residency in both countries.

Is Paraguay safe for expats?

Iceland performs better than Paraguay across all safety metrics. The homicide rate in Paraguay is 7.0 per 100,000 people, compared to 1.1 in Iceland. About 43% of people in Paraguay feel safe walking alone at night.

How is healthcare in Paraguay compared to Iceland?

Paraguay generally does better on health & wellbeing, though Iceland leads in doctors per 10,000 people. There are 38.8 doctors per 10,000 people in Paraguay, compared to 45.2 in Iceland. Paraguay scores 72 on the WHO universal health coverage index (Iceland: 89).

What's the weather like in Paraguay compared to Iceland?

The average high temperature in Asuncion is 83°F, compared to 45°F in Reykjavik. Asuncion receives around 55.2 in of rainfall per year, while Reykjavik gets 31.4 in.

What language do they speak in Paraguay?

The official languages in Paraguay are Guaraní and Spanish. In Iceland, the official language is Icelandic.

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At a Glance

IS PY
Population 357,603 7,356,409
Currency Icelandic Króna (ISK) Paraguayan Guarani (PYG)
Languages Icelandic Guaraní, Spanish
Driving side Right Right
Calling code +354 +595
Time zones 1 1
Emergency number 112 911