Cost of living comparison
Iceland is 2.9 times more expensive than Bolivia.
If you lived in Iceland instead of Bolivia, you would:
pay 3.6 times more for restaurants
|
Bolivia
|
Iceland
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$3.05
BOB21.14
|
$19.40
ISK2,670
|
|
|
Fast food combo meal
McDonalds, or similar
|
$6.91
BOB47.88
|
$16.94
ISK2,332
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$0.94
BOB6.51
|
$2.81
ISK387
|
|
| Bottle of water (11 fl. oz) |
$0.74
BOB5.10
|
$2.02
ISK278
|
|
pay 2.5 times more for groceries
|
Bolivia
|
Iceland
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$1.27
BOB8.77
|
$2.95
ISK407
|
|
| Local cheese (8 oz) |
$2.34
BOB16.23
|
$7.27
ISK1,000
|
|
| Milk (1 gallon) |
$3.62
BOB25.10
|
$6.01
ISK827
|
|
|
Eggs
1 dozen
|
$1.94
BOB13.43
|
$5.42
ISK746
|
|
| Boneless chicken breast (1 lb) |
$1.55
BOB10.71
|
$8.51
ISK1,171
|
|
| Apples (1 lb) |
$0.95
BOB6.60
|
$1.22
ISK168
|
|
| Bananas (1 lb) |
$0.45
BOB3.09
|
$1.03
ISK141
|
|
| Oranges (1 lb) |
$0.54
BOB3.73
|
$1.17
ISK161
|
|
| Tomatoes (1 lb) |
$0.63
BOB4.36
|
$1.87
ISK258
|
|
| Potatoes (1 lb) |
$0.62
BOB4.30
|
$1.23
ISK170
|
|
| Onions (1 lb) |
$0.49
BOB3.39
|
$0.78
ISK108
|
|
pay 2.8 times more for transportation
|
Bolivia
|
Iceland
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$2.00
BOB13.88
|
$8.36
ISK1,151
|
|
| Monthly public transit pass |
$25.96
BOB179.92
|
$71.28
ISK9,812
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$16,221.21
BOB112,427.85
|
$40,660.66
ISK5,596,940
|
|
| Taxi trip in downtown area (5 miles) |
$13.22
BOB91.66
|
$22.04
ISK3,033
|
|
pay 4.1 times more for housing
|
Bolivia
|
Iceland
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$45.11
BOB312.67
|
$72.17
ISK9,935
|
|
| 1-Bedroom apartment in downtown area |
$339.61
BOB2,353.78
|
$1,838.04
ISK253,006
|
|
| 1-Bedroom apartment outside city center |
$201.58
BOB1,397.13
|
$1,497.77
ISK206,168
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$29.25
BOB202.72
|
$58.01
ISK7,986
|
|
pay 64.2% more for childcare
|
Bolivia
|
Iceland
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$177.46
BOB1,229.99
|
$258.16
ISK35,536
|
|
| Middle school for 1 child, two semesters |
$3,275.34
BOB22,701.14
|
$5,993.99
ISK825,073
|
|
pay 3.1 times more for entertainment and sports
|
Bolivia
|
Iceland
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$1.78
BOB12.31
|
$9.19
ISK1,265
|
|
| Cappuccino in mid-range area |
$2.57
BOB17.84
|
$4.65
ISK640
|
|
|
Pack of cigarettes
Marlboro or similar
|
$2.60
BOB18.03
|
$11.76
ISK1,618
|
|
| Monthly membership at local gym |
$34.68
BOB240.36
|
$61.46
ISK8,460
|
|
| Movie ticket to theater/cinema |
$6.37
BOB44.15
|
$14.35
ISK1,975
|
|
pay 2.4 times more for clothing
|
Bolivia
|
Iceland
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$41.88
BOB290.27
|
$111.23
ISK15,311
|
|
|
Regular dress
from H&M or similar store
|
$48.40
BOB335.48
|
$59.69
ISK8,216
|
|
|
Running shoes
Nike or Adidas
|
$61.94
BOB429.32
|
$148.00
ISK20,372
|
|
| Men's business shoes (leather) |
$54.65
BOB378.75
|
$184.49
ISK25,396
|
|
Change currency:
ASK THE ELSEWHERE COMMUNITY
Join the Elsewhere community and ask a question about Iceland or Bolivia. It's a free, question-and-answer based forum to discuss what life is like in countries and cities around the world.