Paraguay

Paraguay is rapidly emerging as one of the most affordable destinations in the Americas for US expats, with a Numbeo Cost of Living Index of just 28.5 (NYC = 100) as of February 2026. A single person can live comfortably in Asunción on $1,250–$1,500 per month, with one-bedroom apartments in the city center averaging $391/month. The country's territorial tax system means foreign-sourced income is tax-free, a major draw for retirees and remote workers. In 2024, Paraguay received over 40,000 residency applications, with Americans representing a growing share of new arrivals. Safety is reasonable by regional standards: Paraguay ranks 75th globally on the 2025 Global Peace Index and holds the US State Department's lowest advisory level (Level 1: Exercise Normal Precautions). However, border departments like Alto Paraná and Amambay see higher criminal activity related to transnational trafficking. Healthcare is a two-tier system—the underfunded public system has just 11.1 doctors per 10,000 citizens, but private hospitals in Asunción (British Hospital, Sanatorio Bautista) offer quality care at a fraction of US costs, with monthly insurance running $50–150. The main challenge is the language barrier. Spanish and Guaraní dominate daily life, with English spoken by an estimated 5–10% of the population, though Paraguay ranks 43rd globally on the EF English Proficiency Index (score 531, 'moderate' band). Expat communities are concentrated in Asunción neighborhoods like Villa Morra and Carmelitas, where international services, cafés, and English-speaking professionals are more accessible.