Bolivia vs Iceland - Cost of Living Comparison

Updated:

Livingcost

Bolivia Iceland
🚶 Cost of living one person
$726
$3200
👨‍👩‍👧‍👦 Cost of living Family
$1744
$6660
🏠 One person rent
$318
$1957
🏘️ Family rent
$523
$2883
🍽️ Food expenses
$245
$907
🚐 Transport expenses
$80.7
$97.3
💳 Monthly salary after tax
$393
$4630
💸 GDP per capita
$4421
$86041
😃 Human freedom index
6.81
8.76
❤️ Life expectancy
68.6
82.6
👮 Corruption perceptions index
28
77
🌐 English speaking %
4%
98%
🎓 Higher education
47
81
😀 Quality of life
41
94
🏙️ Population
12.4M
387K

The average cost of living in Bolivia ($726) is 77% less expensive than in Iceland ($3200). Bolivia ranked 146th vs 4th 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 0.5 months in Bolivia compared to 1.4 months in Iceland. Ranked 127th and 11th best countries to live in the world.

Salary adjustment calculator
the estimated difference in money purchasing power

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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
$3.55
$27.8
🥂 Dinner in a Restaurant, for 2
$17
$103
🥪 Fast food meal, equiv. McDonald's
$6.87
$20.3
🍻 Beer in a Pub, 0.5 L or 16 fl oz
$2.09
$11.6
 Cappuccino
$3.13
$5.87
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz
$0.89
$3.21
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2
$342
$2048
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2
$237
$1758
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2
$616
$3226
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2
$457
$2583
🔌 Utility Bill one person, electricity, heating, water, etc.
$32
$55
🔌 Utility Bill for a Family, electricity, heating, water, etc.
$49.1
$84.8
🌐 Internet plan, 50 Mbps+ 1 month unlimited
$29
$87.6
🏦 Mortgage Interest Rate for 20 Years
6.82%
8.83%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2
$1319
$7289
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2
$1047
$6333
Transportation
🚌 Local transport ticket
$0.36
$5.04
🎟️ Monthly ticket local transport
$23.9
$83
🚕 Taxi Ride, 8 km or 5 mi
$12.4
$29
 Gas / Petrol, 1 L or 0.26 gal
$0.64
$2.51
Groceries
🥛 Milk, 1 L or 1 qt
$1.12
$2
🍞 Bread, 0.5 kg or 1.1 lb
$1.12
$4.25
🍚 Rice, 1 kg or 2.2 lb
$1.16
$3.42
🥚 Eggs, x12
$1.98
$6.9
🧀 Cheese, 1 kg or 2.2 lb
$5.65
$19.6
🐔 Chicken Breast, 1 kg or 2.2 lb
$4.5
$25.7
🥩 Round Steak, 1 kg or 2.2 lb
$6.96
$44.8
🍏 Apples, 1 kg or 2.2 lb
$2.38
$3.4
🍌 Banana, 1 kg or 2.2 lb
$0.91
$2.65
🍊 Oranges, 1 kg or 2.2 lb
$1.27
$3.28
🍅 Tomato, 1 kg or 2.2 lb
$1.28
$5.58
🥔 Potato, 1 kg or 2.2 lb
$1.14
$3.46
🧅 Onion, 1 kg or 2.2 lb
$0.93
$2.09
🌊 Water, 1 L or 1 qt
$0.76
$1.26
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz
$1.76
$3.02
🍾 Wine (mid-priced), 750 mL bottle
$7.2
$23.3
🍺 Beer, 0.5 L or 16 fl oz
$1.79
$3.95
🚬 Cigarette pack
$2.81
$14
💊 Cold medicince, 1 week
$6.13
$12.7
🧴 Hair Shampoo
$4.63
$5.91
🧻 Toilet paper, 4 rolls
$1.5
$5.24
👄 Toothpaste, 1 tube
$2.23
$3.64
Other
🏋️ Gym Membership, 1 month
$33.1
$88.2
🎫 Cinema Ticket, 1 person
$7.27
$17.9
👩‍⚕️ Doctor's visit
$30.8
$93.5
💇 Haircut, simple
$7.94
$46.2
👖 Brand Jeans
$43.5
$139
👟 Brand Sneakers
$87.6
$169
👶 Daycare or Preschool, 1 month
$180
$406
🏫 International Primary School, 1 year
$4225
$30488

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
$829
3.15M
El Alto
$665
842K
La Paz
$675
756K
Cochabamba
$601
632K
Sucre
$626
361K
Oruro
$610
265K
Potosi
$508
190K
Sacaba
$590
172K
Tarija
$556
180K
Trinidad
$775
124K

In Iceland

City Cost of living Population
Reykjavik
$3322
139K
Kopavogur
$3219
40K
Hafnarfjorur
$3212
31.5K
Akureyri
$2974
20.1K
Keflavik
$2621
23.3K