Moving to Iceland from Paraguay

moving to

What to Expect

Considering a move from Paraguay to Iceland? Here's how the two compare on cost, climate, safety, and more.

If you moved from Paraguay to Iceland, you would find that Iceland is 4.5 times more expensive than Paraguay overall. A PYG454,044,952 salary in Paraguay would need to be roughly ISK38,719,191 in Iceland to maintain the same lifestyle, and you’d need to navigate life in Icelandic. Expect a noticeable climate shift — Reykjavik averages 45°F vs 83°F in Asuncion, making it significantly cooler.

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How Far Will Your Money Go?

A breakdown of how everyday costs differ between Paraguay and Iceland.

What does your salary buy?

PYG454,044,952 ISK38,719,191

To maintain the same standard of living in Iceland

Calculate with your salary →

How key spending categories compare

Restaurants

pay 5.0 times more

Groceries

pay 3.4 times more

Transportation

pay 3.0 times more

Housing

pay 5.0 times more

Childcare

pay 6.6 times more

Entertainment and Sports

pay 5.7 times more

See full cost of living breakdown
Exchange rate: 1 PYG = 0.0207 ISK (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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Who Else Is Making This Move?

What the data shows about people moving from Paraguay to Iceland.

Moved in 2023
1

people moved from Paraguay to Iceland · OECD (latest data available)

Who's moving to Iceland?

Top countries of origin for Iceland's foreign-born residents.

Foreign-born population · UN DESA (2020)

Key Indicator Comparison

The numbers behind daily life in Iceland compared to Paraguay.

Is it safe?

Homicide rate United Nations SDG Indicators, 2022

per 100,000 people per year

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

of residents who feel safe walking alone at night

PY
43%
IS
91%

Iceland performs significantly better than Paraguay across all safety metrics.

How's the healthcare?

Healthcare spending per person World Bank, 2024

annual government + private spending per person

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

affects wait times and access to care

PY
38.8
IS
45.2

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

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

tonnes of CO₂ emitted per person per year

PY
1.2t
IS
8.5t

Paraguay generally does better on environment, though Iceland leads in air pollution deaths.

Will I have good infrastructure?

Broadband per 100 people United Nations SDG Indicators, 2022

fixed broadband subscriptions — key for remote work

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

higher means greater strain on freshwater supply

PY
1.8%
IS
0.4%

Iceland performs significantly 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

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

a broad measure of economic output per person

PY
$15,700
IS
$66,500

Iceland performs significantly 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

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

deaths per 1,000 live births — lower is better

PY
23.2
IS
1.6

Iceland performs significantly 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.

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

Avg. annual high / low

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

Avg. annual high / low

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

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

Visitor Visa Requirements

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

Paraguay passport

Paraguay passport holder visiting Iceland

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

Iceland passport holder visiting Paraguay

Visa Free
Iceland passport holders can enter Paraguay 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 Iceland than Paraguay?

On average Iceland is around 312% pricier than Paraguay, with notable variation by city.

How much money do I need to move to Iceland?

Budget about ISK9,679,798 for 3 months in Iceland (based on a PYG454,044,952 comparable annual salary), then add the one-off costs: flights, shipping, a rental deposit, and visa fees.

Can I work remotely from Iceland?

Connectivity is usually fine (Iceland: 38.2 fixed broadband per 100). What actually decides it is legal: does Iceland offer a digital nomad visa, will your employer permit overseas work, and where are you tax-resident?

Is Iceland safe for expats?

Iceland performs significantly better than Paraguay across all safety metrics. The homicide rate in Iceland is 1.1 per 100,000 people, compared to 7.0 in Paraguay. About 91% of people in Iceland feel safe walking alone at night.

How is healthcare in Iceland compared to Paraguay?

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

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

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

What language do they speak in Iceland?

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

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At a Glance

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