Iceland vs Paraguay - Cost of Living Comparison

Updated:

Livingcost

Iceland Paraguay
🚶 Cost of living one person
$2685
$580
👨‍👩‍👧‍👦 Cost of living Family
$5605
$1341
🏠 One person rent
$1593
$283
🏘️ Family rent
$2495
$437
🍽️ Food expenses
$794
$190
🚐 Transport expenses
$85.7
$44.3
💳 Monthly salary after tax
$3865
$337
💸 GDP per capita
$78811
$6260
😃 Human freedom index
8.73
7.06
❤️ Life expectancy
82.2
70.5
👮 Corruption perceptions index
72
28
🌐 English speaking %
98%
1%
🎓 Higher education
81
52
😀 Quality of life
92
35
🏙️ Population
364K
6.81M

The average cost of living in Iceland ($2685) is 363% more expensive than in Paraguay ($580). Iceland ranked 5th vs 166th for Paraguay in the list of the most expensive countries in the world.

The average after-tax salary is enough to cover living expenses for 1.4 months in Iceland compared to 0.6 months in Paraguay. Ranked 11th and 134th best countries to live in the world.

Salary adjustment calculator
the estimated difference in money purchasing power

Cost of living in Iceland vs Paraguay infographic

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Prices in Iceland vs Paraguay

We calculate prices for Iceland and Paraguay as a population-weighted mean of 5 and 9 cities, respectively. Since large cities tend to have a higher cost of living, it's better to visit specific city pages below for more relevant information.

Iceland Paraguay
Eating Out
🍱 Lunch Menu
$22.1
$4.32
🥂 Dinner in a Restaurant, for 2
$115
$17.9
🥪 Fast food meal, equiv. McDonald's
$18.3
$4.36
🍻 Beer in a Pub, 0.5 L or 16 fl oz
$10.4
$1.15
 Cappuccino
$5.1
$1.84
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz
$2.95
$0.84
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2
$1639
$323
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2
$1432
$217
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2
$2535
$552
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2
$2304
$335
🔌 Utility Bill one person, electricity, heating, water, etc.
$46.2
$26.6
🔌 Utility Bill for a Family, electricity, heating, water, etc.
$71.2
$41
🌐 Internet plan, 50 Mbps+ 1 month unlimited
$73.9
$18.1
🏦 Mortgage Interest Rate for 20 Years
7.22%
9.86%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2
$5677
$1269
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2
$4632
$617
Transportation
🚌 Local transport ticket
$4.47
$0.49
🎟️ Monthly ticket local transport
$74.2
$32.4
🚕 Taxi Ride, 8 km or 5 mi
$24.9
$8.93
 Gas / Petrol, 1 L or 0.26 gal
$2.28
$0.93
Groceries
🥛 Milk, 1 L or 1 qt
$1.67
$0.81
🍞 Bread, 0.5 kg or 1.1 lb
$3.6
$0.48
🍚 Rice, 1 kg or 2.2 lb
$3.11
$0.64
🥚 Eggs, x12
$5.77
$1.63
🧀 Cheese, 1 kg or 2.2 lb
$15.4
$5.62
🐔 Chicken Breast, 1 kg or 2.2 lb
$19.7
$3.07
🥩 Round Steak, 1 kg or 2.2 lb
$33.9
$5.81
🍏 Apples, 1 kg or 2.2 lb
$2.88
$1.87
🍌 Banana, 1 kg or 2.2 lb
$2.31
$0.67
🍊 Oranges, 1 kg or 2.2 lb
$2.69
$1.02
🍅 Tomato, 1 kg or 2.2 lb
$4.65
$1.4
🥔 Potato, 1 kg or 2.2 lb
$2.99
$0.93
🧅 Onion, 1 kg or 2.2 lb
$1.84
$0.89
🌊 Water, 1 L or 1 qt
$1.28
$0.26
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz
$2.74
$1.67
🍾 Wine (mid-priced), 750 mL bottle
$21.3
$5.51
🍺 Beer, 0.5 L or 16 fl oz
$3.27
$0.71
🚬 Cigarette pack
$12
$1.3
💊 Cold medicince, 1 week
$11.6
$6.26
🧴 Hair Shampoo
$5.35
$3.4
🧻 Toilet paper, 4 rolls
$4.7
$1.39
👄 Toothpaste, 1 tube
$3.32
$1.6
Other
🏋️ Gym Membership, 1 month
$67.9
$19.4
🎫 Cinema Ticket, 1 person
$14.9
$4.47
👩‍⚕️ Doctor's visit
$84.3
$18
💇 Haircut, simple
$47.3
$6.41
👖 Brand Jeans
$113
$46.7
👟 Brand Sneakers
$152
$68.6
👶 Daycare or Preschool, 1 month
$257
$156
🏫 International Primary School, 1 year
$6163
$2948

Cost of living in other countries

Cost of living

More countries to compare

Cost of Living in Popular cities

In Iceland

City Cost of living Population
Reykjavik
$2915
140K
Kopavogur
$2371
39.8K
Hafnarfjorur
$2602
30.6K
Akureyri
$2300
19.9K
Keflavik
$2091
15.9K

In Paraguay

City Cost of living Population
Asuncion
$666
462K
Ciudad del Este
$531
326K
San Lorenzo
$620
225K
Luque
$604
260K
Pedro Juan Caballero
$524
127K
Caaguazu
$411
127K
Encarnacion
$515
107K
Coronel Oviedo
$534
52.4K
Concepcion
$541
45.1K