Last update: Oct 2026

Cost of Living Comparison Between Iqaluit, NU and Asuncion

For one person, living is cheaper in Asuncion: $1,032 a month against $3,195 in Iqaluit, NU, rent and utilities included – about $26,000 less a year. Rent and utilities account for most of the difference.

153

Cost of Living Index in Iqaluit, NU
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Iqaluit, NU Living Index
50

Cost of Living Index in Asuncion
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Asuncion Living Index

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Iqaluit, NU

🇨🇦 Canada

$3,195

/mo nomad

Asuncion

🇵🇾 Paraguay

$1,032

/mo nomad

Monthly Cost of Living

How much you'll spend in Iqaluit, NU and in Asuncion

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

A single person spends $3,195 per month in Iqaluit, NU vs $1,032 in Asuncion, rent included.

Iqaluit, NU $3,195
Asuncion $1,032

A couple spends around $4,997 per month in Iqaluit, NU vs $1,625 in Asuncion, rent included.

Iqaluit, NU $4,997
Asuncion $1,625

A family of three spends $6,800 per month in Iqaluit, NU vs $2,217 in Asuncion, rent included.

Iqaluit, NU $6,800
Asuncion $2,217

Iqaluit, NU costs about 210% more than Asuncion, and outside of rent the biggest gap is in eating out.

Iqaluit, NU sits 136% above the global median, while Asuncion is 24% below – they fall on opposite sides of the world average.

Meal at Budget Restaurant

$27.98 CA$39.35

$7.19 ₲45.7K

289.15%

Three-Course Dinner for Two, Mid-Range

$64.0 CA$89.9

$42.94 ₲273.0K

48.93%

Fast Food Meal (McDonalds, etc)

$12.72 CA$17.89

$6.58 ₲41.9K

93.31%

Cappuccino

$7.02 CA$9.87

$3.28 ₲20.9K

114.02%

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

$3.79 CA$5.33

$1.01 ₲6,391

275.25%

Water (0.33 liter bottle)

$4.12 CA$5.79

$0.55 ₲3,521

649.09%

Local Beer (0.5 liter draught)

$6.77 CA$9.53

$2.06 ₲13.1K

228.64%

Imported Beer (0.33 liter bottle)

$5.76 CA$8.10

$1.68 ₲10.7K

242.86%

Milk (1 liter)

$3.37 CA$4.74

$1.24 ₲7,913

171.77%

White Bread (500g)

$5.28 CA$7.42

$1.42 ₲8,997

271.83%

Rice (white) (1kg)

$2.78 CA$3.91

$1.30 ₲8,297

113.85%

Eggs

$4.35 CA$6.11

$2.39 ₲15.2K

82.01%

Local Cheese (1kg)

$12.08 CA$16.99

$9.44 ₲60.0K

27.97%

Chicken Fillets (1kg)

$13.33 CA$18.74

$5.10 ₲32.4K

161.37%

Beef Round Steak (1kg)

$24.77 CA$34.84

$9.66 ₲61.4K

156.42%

Apples (1kg)

$1.97 CA$2.77

$3.00 ₲19.1K

-34.33%

Banana (1kg)

$2.97 CA$4.18

$1.25 ₲7,930

137.60%

Oranges (1kg)

$1.95 CA$2.75

$1.16 ₲7,361

68.10%

Tomato (1kg)

$1.99 CA$2.80

$2.42 ₲15.4K

-17.77%

Potato (1kg)

$2.91 CA$4.10

$1.32 ₲8,365

120.45%

Onion (1kg)

$3.90 CA$5.48

$1.33 ₲8,443

193.23%

Lettuce (1 head)

$3.04 CA$4.27

$0.85 ₲5,388

257.65%

Water (1.5 liter bottle)

$3.58 CA$5.04

$0.69 ₲4,364

418.84%

Cigarettes 20 Pack (Marlboro, Camel)

$14.20 CA$19.97

$2.34 ₲14.9K

506.84%

Wine (Bottle)

$5.05 CA$7.10

$8.87 ₲56.4K

-43.07%

Local Beer (0.5 liter bottle)

$1.40 CA$1.97

$1.30 ₲8,283

7.69%

Imported Beer (0.33 liter bottle)

$2.11 CA$2.97

$1.65 ₲10.5K

27.88%

One-way Ticket (Public Transport)

$4.74 CA$6.66

$0.59 ₲3,783

703.39%

Public Transport Monthly Pass (Regular Price)

$142 CA$200

$35.97 ₲228.7K

295.16%

Taxi Start (Normal Tariff)

$6.68 CA$9.40

$1.44 ₲9,129

363.89%

Taxi (Normal Tariff) (1km)

$0.74 CA$1.05

$1.53 ₲9,743

-51.63%

Taxi 1hour Waiting (Normal Tariff)

$10.03 ₲63.8K

Gasoline (1 liter)

$1.24 CA$1.75

$1.21 ₲7,681

2.48%

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

$37.9K CA$53.3K

$16.8K ₲106.9M

125.32%

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

$31.1K CA$43.7K

$29.2K ₲185.8M

6.41%

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

$118 CA$165

$49.05 ₲311.9K

139.86%

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

$52.9 CA$74.4

$16.79 ₲106.7K

215.13%

Internet (50+ Mbps, Unlimited Data)

$54.1 CA$76.1

$21.60 ₲137.4K

150.37%

Gym Membership (Monthly)

$75.1 CA$106

$35.35 ₲224.8K

112.42%

Tennis Court (1 Hour on Weekend)

$21.82 CA$30.69

$14.61 ₲92.9K

49.35%

Cinema Ticket

$8.27 CA$11.63

$8.51 ₲54.1K

-2.82%

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

$1,011 CA$1,422

$183 ₲1.2M

452.08%

International Primary School, 1 Child (Yearly)

$4,036 CA$5,676

$5,730 ₲36.4M

-29.56%

Jeans (Levis 501 Or Similar)

$59.8 CA$84.1

$63.2 ₲401.8K

-5.36%

Summer Dress (H&M, Zara, etc)

$36.16 CA$50.9

$56.7 ₲360.2K

-36.18%

Sport Shoes (Adidas, Nike)

$101 CA$142

$104 ₲662.3K

-2.79%

Men's Leather Business Shoes

$119 CA$167

$70.2 ₲446.2K

68.88%

1-bedroom Apartment, City Center (Monthly)

$1,810 CA$2,545

$611 ₲3.9M

195.94%

1-bedroom Apartment, Outside City Center (Monthly)

$1,711 CA$2,406

$367 ₲2.3M

366.69%

3-bedroom Apartment, City Center (Monthly)

$2,857 CA$4,018

$1,033 ₲6.6M

176.54%

3-bedroom Apartment, Outside City Center (Monthly)

$3,458 CA$4,863

$630 ₲4.0M

448.59%

Buy Apartment in City Center (m2)

$10.1K CA$14.2K

$1,747 ₲11.1M

480.06%

Buy Apartment Outside City Center (m2)

$7,150 CA$10.1K

$1,234 ₲7.8M

479.30%

Average Monthly Net Salary (After Tax)

$4,189 CA$5,892

$676 ₲4.3M

519.94%

20-Year Fixed Mortgage Interest Rate (Annual %)

5.32

10.15

-47.59%

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

Last update for Iqaluit, NU: October 31, 2026

Last update for Asuncion: November 1, 2026

Monthly budget structure

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

Accommodation & Living

Iqaluit, NU

$1.7K 53.6%

Asuncion

$367 35.5% 78.6% $1.3K

Groceries & Markets

Iqaluit, NU

$431 13.5%

Asuncion

$209 20.3% 51.4% $221

Eating Out

Iqaluit, NU

$423 13.3%

Asuncion

$137 13.2% 67.7% $287

Monthly Utilities & Internet

Iqaluit, NU

$225 7%

Asuncion

$87 8.5% 61.1% $137

Getting Around

Iqaluit, NU

$172 5.4%

Asuncion

$47 4.6% 72.3% $124

Clothing & Footwear

Iqaluit, NU

$142 4.5%

Asuncion

$132 12.8% 6.8% $9.7

Sport & Entertainment

Iqaluit, NU

$92 2.9%

Asuncion

$52 5.1% 42.8% $39

Cost Breakdown

A central one-bedroom costs $1,810 in Iqaluit, NU versus $611 in Asuncion. Rent is usually the largest line item in a monthly budget, so the gap here sets the tone for the overall comparison.

Salaries in Iqaluit, NU are about 6.2 times higher. Purchasing power depends on which expenses matter most to you.

A mid-range dinner for two costs $64 in Iqaluit, NU versus $43 in Asuncion. Monthly groceries follow the same trend: $431 vs $209 – making Asuncion the more affordable choice for daily food spending.

Good to know

🇨🇦 Iqaluit, NU

🇵🇾 Asuncion

🕒 Local time

15:19 3:19 PM

17:19 5:19 PM

2 h ahead of Iqaluit, NU

🌤 Weather

👥 Population

8,000

742,023 Capital

💱 Currency

Canadian Dollar CAD $

Paraguayan Guarani PYG ₲

📈 Exchange rate

1 CAD = 0.711 USD

1 CAD = 0.636 EUR

10,000 PYG = 1.57 USD

10,000 PYG = 1.41 EUR

Exchange rates and currency converter

PYG, USD, EUR to CAD – Canadian Dollar Converter

🇺🇸 United States Dollar ($)

🇨🇦 Canadian Dollar ($)

Canadian Dollar exchange rates as of November 6, 2026: 1 USD = 1.41 CAD (1 CAD = 0.711 USD). 1 EUR = 1.57 CAD (1 CAD = 0.636 EUR).

Paraguayan Guarani exchange rates as of November 6, 2026: 1 USD = 6,358 PYG (10,000 PYG = 1.57 USD). 1 EUR = 7,106 PYG (10,000 PYG = 1.41 EUR).

USD to CAD in detail →

On the map

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Highest

Between locations

Iqaluit, NU Asuncion 9,950 km ≈ 13 h nonstop flight

From you

Iqaluit, NU
Asuncion

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

Iqaluit, NU vs Asuncion: Cost of Living - Frequently Asked Questions

Yes – Iqaluit, NU is pricier by about 210%, and outside of rent the gap shows up most in eating out.

For a comfortable life, plan on about $4,792 per month in Iqaluit, NU and $1,548 in Asuncion. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

Rent is clearly cheaper in Asuncion, especially for central apartments: a one-bedroom in the center costs $611 there versus $1,810 in Iqaluit, NU.

Public transport costs about 75% less in Asuncion. For daily commuters, that gap adds up to noticeable savings over a year.

Kindergarten costs $1,011 per month in Iqaluit, NU and $183 in Asuncion. For families with young kids, this one expense can tip the scales when choosing between the two cities.

A $1,500 monthly budget goes further in Asuncion, where all-in costs run around $1,032, than in Iqaluit, NU at $3,195. In Asuncion it covers expenses comfortably, while in Iqaluit, NU it requires careful planning or may not stretch far enough.

Families tend to lean toward Asuncion – 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 Asuncion. If higher salaries or specific career opportunities are the priority, Iqaluit, NU makes more sense. Both are solid long-term options with distinct trade-offs.