Cost of living comparison

Reykjavik, Iceland

compared to

Asuncion, Paraguay

Asuncion vs. Reykjavik Cost of Living Summary

Asuncion is 61.3% cheaper than Reykjavik.

Restaurants: pay 75.7% less in Asuncion
Groceries: pay 62.1% less in Asuncion
Transportation: pay 63.2% less in Asuncion
Housing: pay 68.0% less in Asuncion
Childcare: pay 32.2% less in Asuncion
Entertainment and Sports: pay 73.4% less in Asuncion
Clothing: pay 54.3% less in Asuncion

Expenses including restaurants, entertainment and sports, housing, transportation, groceries, and clothing are lower in Asuncion.

Asuncion vs. Reykjavik Cost Breakdown

If you lived in Asuncion instead of Reykjavik, you would:

Display currency: USD

pay 75.7% less for restaurants

	Reykjavik	Asuncion
Basic meal with drink at inexpensive restaurant	$20.00 ISK2,545	$4.13 PYG33,028	-79.3%
Fast food combo meal McDonalds, or similar	$18.02 ISK2,293	$4.58 PYG36,585	-74.6%
Bottle of Coca-Cola (11 fl. oz)	$3.15 ISK401	$0.88 PYG7,064	-72.0%
Bottle of water (11 fl. oz)	$2.19 ISK278	$0.51 PYG4,037	-76.9%
Average			-75.7%

Reykjavik vs. Asuncion - Cost of restaurants

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pay 62.1% less for groceries

	Reykjavik	Asuncion
Bread 1 loaf	$3.61 ISK459	$0.67 PYG5,367	-81.4%
Local cheese (8 oz)	$7.76 ISK987	$3.12 PYG24,940	-59.8%
Milk (1 gallon)	$6.40 ISK815	$3.15 PYG25,176	-50.8%
Eggs 1 dozen	$5.76 ISK733	$1.75 PYG13,972	-69.6%
Boneless chicken breast (1 lb)	$9.45 ISK1,202	$1.46 PYG11,708	-84.5%
Apples (1 lb)	$1.40 ISK178	$0.91 PYG7,306	-34.8%
Bananas (1 lb)	$1.01 ISK128	$0.32 PYG2,589	-67.9%
Oranges (1 lb)	$1.22 ISK155	$0.43 PYG3,407	-65.0%
Tomatoes (1 lb)	$2.22 ISK283	$0.73 PYG5,866	-67.0%
Potatoes (1 lb)	$1.43 ISK183	$0.49 PYG3,930	-65.7%
Onions (1 lb)	$0.93 ISK119	$0.59 PYG4,702	-37.0%
Average			-62.1%

Reykjavik vs. Asuncion - Cost of groceries

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pay 63.2% less for transportation

	Reykjavik	Asuncion
Gasoline (1 gallon)	$8.50 ISK1,082	$3.51 PYG28,044	-58.7%
Monthly public transit pass	$74.95 ISK9,538	$25.43 PYG203,249	-66.1%
New Volkswagen Golf 1.4 (standard edition)	$42,450.45 ISK5,401,820	$14,874.44 PYG118,900,719	-65.0%
Taxi trip in downtown area (5 miles)	$24.05 ISK3,060	$8.90 PYG71,137	-63.0%
Average			-63.2%

Reykjavik vs. Asuncion - Cost of transportation

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pay 68.0% less for housing

	Reykjavik	Asuncion
Internet connection 50 mbps or faster, cable/dsl	$69.87 ISK8,890	$16.94 PYG135,386	-75.8%
1-Bedroom apartment in downtown area	$1,971.17 ISK250,832	$425.89 PYG3,404,422	-78.4%
1-Bedroom apartment outside city center	$1,803.44 ISK229,488	$339.02 PYG2,709,988	-81.2%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$53.95 ISK6,866	$34.20 PYG273,384	-36.6%
Average			-68.0%

Reykjavik vs. Asuncion - Cost of housing

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pay 32.2% less for childcare

	Reykjavik	Asuncion
Private preschool for 1 child, monthly	$252.14 ISK32,085	$179.26 PYG1,432,906	-28.9%
Middle school for 1 child, two semesters	$5,993.99 ISK762,736	$3,864.81 PYG30,893,862	-35.5%
Average			-32.2%

Reykjavik vs. Asuncion - Cost of childcare

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pay 73.4% less for entertainment and sports

	Reykjavik	Asuncion
Domestic/local beer (1 pint)	$10.81 ISK1,376	$1.33 PYG10,671	-87.7%
Cappuccino in mid-range area	$5.31 ISK675	$2.00 PYG15,971	-62.3%
Pack of cigarettes Marlboro or similar	$12.25 ISK1,558	$1.27 PYG10,162	-89.6%
Monthly membership at local gym	$69.95 ISK8,901	$26.82 PYG214,428	-61.6%
Movie ticket to theater/cinema	$14.77 ISK1,880	$5.09 PYG40,650	-65.6%
Average			-73.4%

Reykjavik vs. Asuncion - Cost of entertainment and sports

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pay 54.3% less for clothing

	Reykjavik	Asuncion
Regular jeans Levi's brand	$108.97 ISK13,867	$50.60 PYG404,466	-53.6%
Regular dress from H&M or similar store	$49.72 ISK6,327	$31.53 PYG252,029	-36.6%
Running shoes Nike or Adidas	$151.85 ISK19,323	$70.98 PYG567,404	-53.3%
Men's business shoes (leather)	$194.16 ISK24,707	$50.85 PYG406,498	-73.8%
Average			-54.3%

Reykjavik vs. Asuncion - Cost of clothing

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The statistics used to build this comparison are calculated using data from users just like you. We average the price of thousands of data points entered by users across the world. Learn more about our data sources. Page last updated: June 2025

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