Last update: Oct 2026

Cost of Living Comparison Between Asuncion and Iquitos

For one person, living is cheaper in Iquitos: $663 a month against $1,075 in Asuncion, rent and utilities included – about $4,900 less a year. Other living expenses account for most of the difference.

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Cost of Living Index in Asuncion
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Asuncion Living Index

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Asuncion

🇵🇾 Paraguay

$1,075

/mo nomad

Iquitos

🇵🇪 Peru

$663

/mo nomad

Monthly Cost of Living

How much you'll spend in Asuncion and in Iquitos

Real prices from locals and on-the-ground checks – rent, groceries, transit and the daily extras. Here's what a month in Asuncion and in Iquitos actually costs, broken down by who's living it.

A single person spends $1,075 per month in Asuncion vs $663 in Iquitos, rent included.

Asuncion $1,075
Iquitos $663

A couple spends around $1,684 per month in Asuncion vs $1,185 in Iquitos, rent included.

Asuncion $1,684
Iquitos $1,185

A family of three spends $2,292 per month in Asuncion vs $1,707 in Iquitos, rent included.

Asuncion $2,292
Iquitos $1,707

Asuncion costs about 62% more than Iquitos, and outside of rent the biggest gap is in groceries.

Both Asuncion and Iquitos are more affordable than the global median – Asuncion 20% lower, Iquitos 51% lower.

Meal at Budget Restaurant

$7.15 ₲40.6K

$4.31 PEN 14.81

65.89%

Three-Course Dinner for Two, Mid-Range

$43.57 ₲247.8K

$38.44 PEN 132

13.35%

Fast Food Meal (McDonalds, etc)

$7.10 ₲40.4K

$7.30 PEN 25.06

-2.74%

Cappuccino

$3.51 ₲20.0K

$3.57 PEN 12.26

-1.68%

Coke/Pepsi/Fanta/Sprite (0.33 liter bottle)

$1.05 ₲5,980

$0.85 PEN 2.92

23.53%

Water (0.33 liter bottle)

$0.58 ₲3,289

$0.56 PEN 1.91

3.57%

Local Beer (0.5 liter draught)

$1.89 ₲10.8K

$2.82 PEN 9.69

-32.98%

Imported Beer (0.33 liter bottle)

$1.74 ₲9,906

$7.41 PEN 25.45

-76.52%

Milk (1 liter)

$1.29 ₲7,321

$1.76 PEN 6.05

-26.70%

White Bread (500g)

$1.50 ₲8,514

$2.30 PEN 7.91

-34.78%

Rice (white) (1kg)

$1.39 ₲7,922

Eggs

$2.48 ₲14.1K

$2.56 PEN 8.80

-3.13%

Local Cheese (1kg)

$9.74 ₲55.4K

Chicken Fillets (1kg)

$5.19 ₲29.5K

$3.28 PEN 11.26

58.23%

Beef Round Steak (1kg)

$10.07 ₲57.2K

Apples (1kg)

$2.99 ₲17.0K

Banana (1kg)

$1.32 ₲7,493

Oranges (1kg)

$1.19 ₲6,742

Tomato (1kg)

$2.47 ₲14.1K

Potato (1kg)

$1.40 ₲7,984

Onion (1kg)

$1.33 ₲7,562

Lettuce (1 head)

$0.92 ₲5,243

Water (1.5 liter bottle)

$0.77 ₲4,372

$0.89 PEN 3.07

-13.48%

Cigarettes 20 Pack (Marlboro, Camel)

$2.43 ₲13.8K

Wine (Bottle)

$9.08 ₲51.6K

Local Beer (0.5 liter bottle)

$1.42 ₲8,064

Imported Beer (0.33 liter bottle)

$1.79 ₲10.2K

One-way Ticket (Public Transport)

$0.58 ₲3,315

Public Transport Monthly Pass (Regular Price)

$37.92 ₲215.6K

Taxi Start (Normal Tariff)

$1.54 ₲8,735

Taxi (Normal Tariff) (1km)

$1.62 ₲9,204

Taxi 1hour Waiting (Normal Tariff)

$10.44 ₲59.4K

Gasoline (1 liter)

$1.29 ₲7,320

Midsize Hatchback 1.4l (Volkswagen Golf, Toyota Prius, Honda Civic, etc)

$17.5K ₲99.5M

Compact Sedan 1.6l (Toyota Corolla, Mazda3, Kia K4, Hyundai Elantra, etc)

$35.0K ₲199.2M

Utilities for 2 People in 2-bedroom Apartment (Heating, Electricity, Gas, Water, Garbage) (85m2)

$51.5 ₲293.0K

$34.73 PEN 119

48.37%

SIM Card Monthly Plan (Calls and 10GB+ Data)

$17.68 ₲100.5K

$11.34 PEN 38.95

55.91%

Internet (50+ Mbps, Unlimited Data)

$22.35 ₲127.1K

$8.74 PEN 30.03

155.72%

Gym Membership (Monthly)

$36.60 ₲208.1K

$29.05 PEN 99.8

25.99%

Tennis Court (1 Hour on Weekend)

$15.33 ₲87.2K

$8.75 PEN 30.06

75.20%

Cinema Ticket

$8.89 ₲50.6K

$5.64 PEN 19.37

57.62%

Preschool or Kindergarten, Full Day, Private, 1 Child (Monthly)

$190 ₲1.1M

International Primary School, 1 Child (Yearly)

$5,930 ₲33.7M

$2,789 PEN 9,576

112.66%

Jeans (Levis 501 Or Similar)

$64.7 ₲368.0K

$87.7 PEN 301

-26.20%

Summer Dress (H&M, Zara, etc)

$57.9 ₲329.4K

$35.24 PEN 121

64.36%

Sport Shoes (Adidas, Nike)

$107 ₲610.0K

$52.9 PEN 182

102.70%

Men's Leather Business Shoes

$73.3 ₲416.8K

$26.21 PEN 90.0

179.66%

1-bedroom Apartment, City Center (Monthly)

$645 ₲3.7M

$343 PEN 1,180

87.82%

1-bedroom Apartment, Outside City Center (Monthly)

$385 ₲2.2M

$265 PEN 909

45.54%

3-bedroom Apartment, City Center (Monthly)

$1,061 ₲6.0M

$882 PEN 3,029

20.31%

3-bedroom Apartment, Outside City Center (Monthly)

$654 ₲3.7M

$712 PEN 2,445

-8.21%

Buy Apartment in City Center (m2)

$1,715 ₲9.8M

Buy Apartment Outside City Center (m2)

$1,205 ₲6.9M

Average Monthly Net Salary (After Tax)

$747 ₲4.2M

$573 PEN 1,968

30.32%

20-Year Fixed Mortgage Interest Rate (Annual %)

10.5

CityCost data is based on AI and user input – minor inaccuracies may occur.

Last update for Asuncion: October 11, 2026

Last update for Iquitos: October 11, 2026

Monthly budget structure

Share of the monthly basket for one person, rent included.

Accommodation & Living

Asuncion

$385 35.9%

Iquitos

–

Groceries & Markets

Asuncion

$217 20.2%

Iquitos

–

Eating Out

Asuncion

$140 13%

Iquitos

–

Clothing & Footwear

Asuncion

$136 12.7%

Iquitos

–

Monthly Utilities & Internet

Asuncion

$92 8.5%

Iquitos

–

Sport & Entertainment

Asuncion

$54 5.1%

Iquitos

–

Getting Around

Asuncion

$50 4.6%

Iquitos

–

Cost Breakdown

A central one-bedroom costs $645 in Asuncion versus $343 in Iquitos. Rent is usually the largest line item in a monthly budget, so the gap here sets the tone for the overall comparison.

Salaries run about 30% higher in Asuncion, which partly offsets the higher cost of living there. Purchasing power depends on which expenses matter most to you.

A mid-range dinner for two costs $44.00 in Asuncion versus $38.00 in Iquitos. Monthly groceries follow the same trend: $217 vs $78.0 – making Iquitos the more affordable choice for daily food spending.

Good to know

🇵🇾 Asuncion

🇵🇪 Iquitos

🕒 Local time

18:33 6:33 PM

16:33 4:33 PM

2 h behind Asuncion

🌤 Weather

👥 Population

742,023 Capital

32,853

💱 Currency

Paraguayan Guarani PYG ₲

Peruvian Sol PEN S/

📈 Exchange rate

10,000 PYG = 1.76 USD

10,000 PYG = 1.56 EUR

1 PEN = 0.291 USD

1 PEN = 0.259 EUR

Exchange rates and currency converter

PEN, USD, EUR to PYG – Paraguayan Guarani Converter

🇺🇸 United States Dollar ($)

🇵🇾 Paraguayan Guarani (₲)

Paraguayan Guarani exchange rates as of October 17, 2026: 1 USD = 5,686 PYG (10,000 PYG = 1.76 USD). 1 EUR = 6,393 PYG (10,000 PYG = 1.56 EUR).

Peruvian Sol exchange rates as of October 17, 2026: 1 USD = 3.43 PEN (1 PEN = 0.291 USD). 1 EUR = 3.86 PEN (1 PEN = 0.259 EUR).

USD to PYG in detail →

On the map

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Between locations

Asuncion Iquitos 2,920 km ≈ 4 h 15 min nonstop flight

From you

Asuncion
Iquitos

Distances are measured in a straight line. Your location is detected approximately.

City Median Internet Speeds Comparison (Updated April 2026)

The chart highlights the Precision Threshold for mobile and fixed broadband internet speeds, updated quarterly.

Digital Nomad Cost of Living Index

Asuncion vs Iquitos: Cost of Living - Frequently Asked Questions

Yes – Asuncion is pricier by about 62%, and outside of rent the gap shows up most in groceries.

For a comfortable life, plan on about $1,613 per month in Asuncion and $994 in Iquitos. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

Rent is clearly cheaper in Iquitos, especially for central apartments. Housing is actually the single biggest factor behind the overall cost gap between these two cities.

Groceries cost about 179% more in Asuncion, though it depends on what you buy. Local produce may be comparable; imported and premium items show the biggest price gap.

A mid-range dinner for two costs $44.00 in Asuncion and $38.00 in Iquitos. That's a good indicator of the overall restaurant and café pricing gap between the two cities.

A $1,500 monthly budget goes further in Iquitos, where all-in costs run around $663, than in Asuncion at $1,075. In Iquitos it covers expenses comfortably, while in Asuncion it requires careful planning or may not stretch far enough.

Families tend to lean toward Iquitos – lower housing and cheaper childcare make a real difference, especially on a single income or when paying for private education.

If budget matters most, go with Iquitos. If higher salaries, better infrastructure, or specific career opportunities are the priority, Asuncion makes more sense. Both are solid long-term options with distinct trade-offs.