Last update: Oct 2026

Cost of Living Comparison Between Reykjavik and Paraguay

Name: Paraguay
Address: PY

For one person, living is cheaper in Paraguay: $973 a month against $4,037 in Reykjavik, rent and utilities included – about $36,800 less a year. Rent and utilities account for most of the difference.

193

Cost of Living Index in Reykjavik
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Reykjavik Living Index
47

Cost of Living Index in Paraguay
Learn more

Paraguay Living Index

Jump to prices

Reykjavik

🇮🇸 Iceland

$4,037

/mo nomad

🇵🇾 Paraguay

$973

/mo nomad

😐 Solo nomad: Reykjavik is 227.2% more expensive than Paraguay without rent, and 314.7% more expensive with rent.

😐 Family of 3: Reykjavik is 228.7% more expensive than Paraguay without rent, and 252.3% more expensive with rent.

Meal at Budget Restaurant

$30.59 ISK 3,730

$6.45 ₲36.6K

374.26%

Three-Course Dinner for Two, Mid-Range

$136 ISK 16.5K

$34.41 ₲195.3K

293.81%

Fast Food Meal (McDonalds, etc)

$27.08 ISK 3,302

$6.96 ₲39.5K

289.08%

Cappuccino

$6.72 ISK 819

$2.88 ₲16.4K

133.33%

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

$3.27 ISK 399

$1.08 ₲6,127

202.78%

Water (0.33 liter bottle)

$3.16 ISK 386

$0.56 ₲3,179

464.29%

Local Beer (0.5 liter draught)

$13.91 ISK 1,696

$1.74 ₲9,862

699.43%

Imported Beer (0.33 liter bottle)

$12.06 ISK 1,470

$1.99 ₲11.3K

506.03%

Milk (1 liter)

$2.04 ISK 248

$1.16 ₲6,599

75.86%

White Bread (500g)

$4.32 ISK 527

$1.35 ₲7,648

220.00%

Rice (white) (1kg)

$3.67 ISK 447

$1.29 ₲7,327

184.50%

Eggs

$7.02 ISK 856

$2.30 ₲13.1K

205.22%

Local Cheese (1kg)

$22.01 ISK 2,684

$8.48 ₲48.1K

159.55%

Chicken Fillets (1kg)

$24.70 ISK 3,012

$4.58 ₲26.0K

439.30%

Beef Round Steak (1kg)

$42.66 ISK 5,202

$9.47 ₲53.7K

350.48%

Apples (1kg)

$3.37 ISK 412

$2.77 ₲15.7K

21.66%

Banana (1kg)

$2.85 ISK 347

$1.18 ₲6,725

141.53%

Oranges (1kg)

$3.17 ISK 387

$1.19 ₲6,778

166.39%

Tomato (1kg)

$6.39 ISK 779

$2.29 ₲13.0K

179.04%

Potato (1kg)

$4.01 ISK 489

$1.30 ₲7,351

208.46%

Onion (1kg)

$1.64 ISK 200

$1.26 ₲7,161

30.16%

Lettuce (1 head)

$3.80 ISK 463

$0.77 ₲4,374

393.51%

Water (1.5 liter bottle)

$1.74 ISK 212

$0.72 ₲4,083

141.67%

Cigarettes 20 Pack (Marlboro, Camel)

$13.80 ISK 1,682

$1.72 ₲9,770

702.33%

Wine (Bottle)

$23.38 ISK 2,851

$6.00 ₲34.1K

289.67%

Local Beer (0.5 liter bottle)

$3.53 ISK 430

$1.02 ₲5,795

246.08%

Imported Beer (0.33 liter bottle)

$3.45 ISK 420

$1.78 ₲10.1K

93.82%

One-way Ticket (Public Transport)

$5.77 ISK 704

$0.59 ₲3,337

877.97%

Public Transport Monthly Pass (Regular Price)

$95.1 ISK 11.6K

$35.17 ₲199.6K

170.51%

Taxi Start (Normal Tariff)

$6.63 ISK 808

$1.43 ₲8,131

363.64%

Taxi (Normal Tariff) (1km)

$2.79 ISK 341

$1.52 ₲8,616

83.55%

Taxi 1hour Waiting (Normal Tariff)

$81.4 ISK 9,923

$8.17 ₲46.4K

895.96%

Gasoline (1 liter)

$2.11 ISK 257

$1.22 ₲6,919

72.95%

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

$50.8K ISK 6.2M

$16.9K ₲95.7M

201.33%

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

$52.7K ISK 6.4M

$29.9K ₲169.9M

76.21%

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

$88.7 ISK 10.8K

$52.2 ₲296.4K

69.83%

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

$31.53 ISK 3,845

$17.02 ₲96.6K

85.25%

Internet (50+ Mbps, Unlimited Data)

$84.6 ISK 10.3K

$21.23 ₲120.5K

298.68%

Gym Membership (Monthly)

$100 ISK 12.2K

$34.29 ₲194.6K

192.74%

Tennis Court (1 Hour on Weekend)

$48.20 ISK 5,877

$15.41 ₲87.5K

212.78%

Cinema Ticket

$19.87 ISK 2,424

$6.99 ₲39.7K

184.26%

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

$1,277 ISK 155.8K

$184 ₲1.0M

593.45%

International Primary School, 1 Child (Yearly)

$31.0K ISK 3.8M

$4,866 ₲27.6M

535.99%

Jeans (Levis 501 Or Similar)

$161 ISK 19.6K

$57.2 ₲324.9K

181.03%

Summer Dress (H&M, Zara, etc)

$64.9 ISK 7,914

$58.2 ₲330.3K

11.51%

Sport Shoes (Adidas, Nike)

$183 ISK 22.3K

$99.0 ₲562.0K

84.47%

Men's Leather Business Shoes

$254 ISK 31.0K

$69.4 ₲393.8K

265.93%

1-bedroom Apartment, City Center (Monthly)

$2,499 ISK 304.8K

$556 ₲3.2M

349.65%

1-bedroom Apartment, Outside City Center (Monthly)

$2,000 ISK 243.9K

$346 ₲2.0M

477.37%

3-bedroom Apartment, City Center (Monthly)

$3,452 ISK 421.0K

$923 ₲5.2M

273.95%

3-bedroom Apartment, Outside City Center (Monthly)

$2,742 ISK 334.4K

$607 ₲3.4M

352.17%

Buy Apartment in City Center (m2)

$8,001 ISK 975.7K

$1,680 ₲9.5M

376.30%

Buy Apartment Outside City Center (m2)

$6,249 ISK 762.1K

$1,230 ₲7.0M

408.17%

Average Monthly Net Salary (After Tax)

$4,691 ISK 572.0K

$622 ₲3.5M

654.45%

20-Year Fixed Mortgage Interest Rate (Annual %)

8.81

10.19

-13.54%

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

Last update for Reykjavik: October 4, 2026

Last update for Paraguay: October 4, 2026

Monthly budget structure

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

Accommodation & Living

Reykjavik

$2K 50.9%

Paraguay

$346 35.4% 82.7% $1.7K

Groceries & Markets

Reykjavik

$625 15.9%

Paraguay

$192 19.7% 69.3% $433

Eating Out

Reykjavik

$526 13.4%

Paraguay

$126 12.9% 76% $400

Clothing & Footwear

Reykjavik

$298 7.6%

Paraguay

$128 13.1% 57.1% $170

Monthly Utilities & Internet

Reykjavik

$205 5.2%

Paraguay

$90 9.3% 55.8% $114

Sport & Entertainment

Reykjavik

$140 3.6%

Paraguay

$48 4.9% 65.6% $92

Getting Around

Reykjavik

$139 3.5%

Paraguay

$47 4.8% 66.5% $92

Good to know

🇮🇸 Reykjavik

🇵🇾 Paraguay

🕒 Local time

09:46 9:46 AM

06:46 6:46 AM

3 h behind Reykjavik

🌤 Weather

👥 Population

136,894 Capital

6,811,297

💱 Currency

Icelandic Króna ISK kr

Paraguayan Guarani PYG ₲

📈 Exchange rate

1,000 ISK = 8.2 USD

1,000 ISK = 7.32 EUR

10,000 PYG = 1.76 USD

10,000 PYG = 1.57 EUR

Exchange rates and currency converter

PYG, USD, EUR to ISK – Icelandic Króna Converter

🇺🇸 United States Dollar ($)

🇮🇸 Icelandic Króna (kr)

Icelandic Króna exchange rates as of October 10, 2026: 1 USD = 122 ISK (1,000 ISK = 8.2 USD). 1 EUR = 137 ISK (1,000 ISK = 7.32 EUR).

Paraguayan Guarani exchange rates as of October 10, 2026: 1 USD = 5,676 PYG (10,000 PYG = 1.76 USD). 1 EUR = 6,361 PYG (10,000 PYG = 1.57 EUR).

USD to ISK in detail →

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