Bolivia vs Iceland - Cost of Living Comparison

Updated:

Livingcost

Bolivia Iceland
🚶 Cost of living one person
$702
$2828
👨‍👩‍👧‍👦 Cost of living Family
$1714
$5680
🏠 One person rent
$310
$1717
🏘️ Family rent
$532
$2549
🍽️ Food expenses
$235
$808
🚐 Transport expenses
$79.1
$86.4
💳 Monthly salary after tax
$411
$3932
💸 GDP per capita
$3686
$79637
😃 Human freedom index
6.88
8.8
❤️ Life expectancy
64.9
82.2
👮 Corruption perceptions index
28
77
🌐 English speaking %
4%
98%
🎓 Higher education
43
81
😀 Quality of life
34
92
🏙️ Population
12.2M
364K

The average cost of living in Bolivia ($702) is 75% less expensive than in Iceland ($2828). Bolivia ranked 136th vs 5th for Iceland in the list of the most expensive countries in the world.

The average after-tax salary is enough to cover living expenses for 0.6 months in Bolivia compared to 1.4 months in Iceland. Ranked 135th and 7th best countries to live in the world.

Salary adjustment calculator
the estimated difference in money purchasing power

Cost of living in Bolivia vs Iceland infographic

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Prices in Bolivia vs Iceland

We calculate prices for Bolivia and Iceland as a population-weighted mean of 10 and 5 cities, respectively. Since large cities tend to have a higher cost of living, it's better to visit specific city pages below for more relevant information.

Bolivia Iceland
Eating Out
🍱 Lunch Menu
$3.54
$21.6
🥂 Dinner in a Restaurant, for 2
$18.8
$124
🥪 Fast food meal, equiv. McDonald's
$6.48
$18
🍻 Beer in a Pub, 0.5 L or 16 fl oz
$2.14
$10.1
 Cappuccino
$3.16
$5.09
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz
$0.82
$2.8
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2
$354
$1778
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2
$224
$1557
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2
$569
$2758
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2
$428
$2322
🔌 Utility Bill one person, electricity, heating, water, etc.
$29.7
$44.1
🔌 Utility Bill for a Family, electricity, heating, water, etc.
$45.7
$67.7
🌐 Internet plan, 50 Mbps+ 1 month unlimited
$30
$71.6
🏦 Mortgage Interest Rate for 20 Years
7.25%
9.41%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2
$1135
$6265
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2
$910
$5556
Transportation
🚌 Local transport ticket
$0.3
$4.36
🎟️ Monthly ticket local transport
$22.8
$72.2
🚕 Taxi Ride, 8 km or 5 mi
$12.2
$26.1
 Gas / Petrol, 1 L or 0.26 gal
$0.61
$2.24
Groceries
🥛 Milk, 1 L or 1 qt
$1.01
$1.71
🍞 Bread, 0.5 kg or 1.1 lb
$0.96
$3.65
🍚 Rice, 1 kg or 2.2 lb
$0.85
$3.1
🥚 Eggs, x12
$1.87
$5.9
🧀 Cheese, 1 kg or 2.2 lb
$5.24
$15.9
🐔 Chicken Breast, 1 kg or 2.2 lb
$3.71
$20.8
🥩 Round Steak, 1 kg or 2.2 lb
$5.97
$37.2
🍏 Apples, 1 kg or 2.2 lb
$2.06
$2.84
🍌 Banana, 1 kg or 2.2 lb
$0.95
$2.24
🍊 Oranges, 1 kg or 2.2 lb
$1.17
$2.66
🍅 Tomato, 1 kg or 2.2 lb
$1.22
$4.59
🥔 Potato, 1 kg or 2.2 lb
$1.13
$3.21
🧅 Onion, 1 kg or 2.2 lb
$0.86
$2.08
🌊 Water, 1 L or 1 qt
$0.76
$1.36
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz
$1.62
$2.68
🍾 Wine (mid-priced), 750 mL bottle
$6.64
$20.7
🍺 Beer, 0.5 L or 16 fl oz
$1.64
$3.26
🚬 Cigarette pack
$2.47
$12.3
💊 Cold medicince, 1 week
$7.27
$10.5
🧴 Hair Shampoo
$4.19
$5.22
🧻 Toilet paper, 4 rolls
$1.59
$4.58
👄 Toothpaste, 1 tube
$2.27
$3.22
Other
🏋️ Gym Membership, 1 month
$33.4
$70
🎫 Cinema Ticket, 1 person
$6.3
$15.1
👩‍⚕️ Doctor's visit
$29.6
$82.3
💇 Haircut, simple
$7.07
$45.6
👖 Brand Jeans
$46.2
$128
👟 Brand Sneakers
$75.2
$158
👶 Daycare or Preschool, 1 month
$191
$282
🏫 International Primary School, 1 year
$3835
$2527

Cost of living in other countries

Cost of living

More countries to compare

Cost of Living in Popular cities

In Bolivia

City Cost of living Population
Santa Cruz de la Sierra
$780
3.15M
El Alto
$673
842K
Cochabamba
$535
632K
La Paz
$688
756K
Oruro
$600
265K
Sucre
$666
300K
Sacaba
$538
172K
Potosi
$507
190K
Tarija
$630
180K
Trinidad
$774
124K

In Iceland

City Cost of living Population
Reykjavik
$2938
140K
Kopavogur
$2802
39.8K
Hafnarfjorur
$2817
30.6K
Akureyri
$2678
19.9K
Keflavik
$2355
23.3K