Paraguay

Profiled in Asunción · South America

7fit /10

Asunción is a low-slung riverside capital where colonial plazas, mango-shaded streets and some of the lightest taxes on the continent add up to an easygoing, affordable landing spot.

CapitalAsunción
LanguageSpanish and Guaraní, both official
CurrencyParaguayan guaraní (PYG)
PopulationAbout 520,000 in the city, roughly 2.3 million across the metro area

Cost of living

What a month costs

$1,300Comfortable single
$3,200Family of four
$5001-bed, central
$9Casual meal

One of the cheapest capitals in South America. Rent, food and household help are very affordable, but imported goods, electronics and cars cost noticeably more.

The scores

How it rates for a moving family

Safety7
Infrastructure5
English3
Kids’ schools6
Integration6
Healthcare6
Residency path9
Tax9
Climate5

See and do

Top 10 in Asunción

  1. Palacio de los LópezThe grand riverfront presidential palace, floodlit and photogenic after dark.
  2. Panteón Nacional de los HéroesDomed national mausoleum in the heart of downtown, guarded around the clock.
  3. Costanera de AsunciónRiverside promenade along the Paraguay river, good for a run, a bike ride or sunset.
  4. Cabildo Cultural CentreFormer colonial town hall on Plaza de la Independencia, now a museum and arts space.
  5. Manzana de la RiveraCluster of restored colonial houses beside the palace, home to small museums and a café.
  6. Estación Central del FerrocarrilHandsome old railway station and museum from the early steam era.
  7. Mercado 4Sprawling, chaotic street market where the city shops, eats and haggles.
  8. Museo del BarroStandout museum of Paraguayan folk, indigenous and contemporary art.
  9. Catedral MetropolitanaThe city cathedral facing its own plaza in the historic centre.
  10. Loma San JerónimoColourful hillside barrio of painted houses, murals and tiny cafés above the river.

Where to go

Weekend escapes

  1. San BernardinoLakeside resort town on Lake Ypacaraí, about an hour east and the classic Asunción summer escape.
  2. AreguáCobbled artisan town on the same lake, known for ceramics, strawberries and a hilltop basilica.
  3. ItauguáHome of ñandutí, the fine Paraguayan spiderweb lace, half an hour along the road east.
  4. Chololó and PiribebuyWaterfalls, streams and green hills in the Cordillera, a favourite day or weekend trip for cooling off.
  5. Encarnación and TrinidadSouthern river city with sandy beaches, plus the UNESCO Jesuit ruins nearby; a longer five to six hour haul but worth the drive.

Coffee

Best cafes

  1. Café de AcáHome-grown specialty coffee roaster with several bright branches around the city.
  2. HavannaArgentine café and alfajor institution, easy to find in the shopping malls.
  3. La VienesaLong-running confitería and bakery chain for medialunas, cakes and coffee.

Restaurants

Where to eat

  1. TalleyrandOld-guard fine dining, a formal Asunción institution for decades.
  2. Tierra Colorada GastroModern Paraguayan tasting menus from chef Rodolfo Angenscheidt.
  3. Lido BarIconic curved counter across from the Panteón, famous for fish soup and empanadas.
  4. Paulista GrillGenerous Brazilian-style churrascaria for all-you-can-eat grilled meats.
  5. La CabreraArgentine steakhouse with a smart branch at Paseo La Galería.
  6. MburicaóElegant contemporary restaurant popular for special occasions.
  7. Ciervo BlancoDinner with live Paraguayan harp and folklore dancing.

Morning

Best breakfast

  1. BolsiRound-the-clock café-restaurant downtown, an Asunción classic for an early coffee and medialunas.
  2. La VienesaReliable bakery breakfast of fresh pastries, juice and coffee.
  3. HavannaCoffee, medialunas and alfajores when you want something familiar.
  4. Café de AcáBetter beans and a proper brunch plate if you care about the coffee.

Residency

Paraguay is famous for accessible residency, now a two-year temporary permit that converts to permanent status. Naturalisation becomes possible after three years of residence, though in practice it often takes longer.

Tax

Paraguay taxes on a territorial basis, so foreign-source income is generally left untaxed. Local personal income sits at a flat 10 percent, with VAT also at 10 percent.

Thinking about moving here for real? See the verified Paraguay residency and citizenship routes →

Curious what you would actually pay? See the Paraguay tax profile: income, corporate, VAT and exit rules →

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