Cost of living comparison
Bolivia is 54.6% cheaper than Iceland.
If you lived in Bolivia instead of Iceland, you would:
pay 66.2% less for restaurants
|
Iceland
|
Bolivia
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$19.51
ISK2,682
|
$3.17
BOB21.93
|
|
|
Fast food combo meal
McDonalds, or similar
|
$16.45
ISK2,261
|
$6.97
BOB48.25
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$2.70
ISK372
|
$1.02
BOB7.04
|
|
| Bottle of water (11 fl. oz) |
$1.95
ISK269
|
$0.76
BOB5.26
|
|
pay 52.5% less for groceries
|
Iceland
|
Bolivia
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$3.16
ISK434
|
$1.30
BOB9.02
|
|
| Local cheese (8 oz) |
$6.72
ISK923
|
$2.66
BOB18.43
|
|
| Milk (1 gallon) |
$6.27
ISK862
|
$3.48
BOB24.09
|
|
|
Eggs
1 dozen
|
$6.03
ISK829
|
$1.93
BOB13.40
|
|
| Boneless chicken breast (1 lb) |
$7.60
ISK1,045
|
$1.67
BOB11.55
|
|
| Apples (1 lb) |
$1.13
ISK155
|
$0.89
BOB6.15
|
|
| Bananas (1 lb) |
$1.01
ISK139
|
$0.45
BOB3.08
|
|
| Oranges (1 lb) |
$1.15
ISK159
|
$0.54
BOB3.73
|
|
| Tomatoes (1 lb) |
$1.71
ISK235
|
$0.64
BOB4.44
|
|
| Potatoes (1 lb) |
$1.13
ISK155
|
$0.65
BOB4.49
|
|
| Onions (1 lb) |
$0.68
ISK94
|
$0.46
BOB3.19
|
|
pay 59.5% less for transportation
|
Iceland
|
Bolivia
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$8.42
ISK1,157
|
$2.02
BOB14.01
|
|
| Monthly public transit pass |
$68.29
ISK9,387
|
$26.17
BOB181.29
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$39,714.69
ISK5,458,784
|
$16,174.39
BOB112,030.86
|
|
| Taxi trip in downtown area (5 miles) |
$23.23
ISK3,193
|
$13.68
BOB94.74
|
|
pay 63.3% less for housing
|
Iceland
|
Bolivia
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$74.47
ISK10,236
|
$48.31
BOB334.58
|
|
| 1-Bedroom apartment in downtown area |
$1,518.94
ISK208,778
|
$311.39
BOB2,156.83
|
|
| 1-Bedroom apartment outside city center |
$1,325.48
ISK182,187
|
$215.91
BOB1,495.48
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$66.99
ISK9,208
|
$30.22
BOB209.32
|
|
pay 35.8% less for childcare
|
Iceland
|
Bolivia
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$254.97
ISK35,045
|
$178.93
BOB1,239.37
|
|
| Middle school for 1 child, two semesters |
$5,993.83
ISK823,851
|
$3,497.25
BOB24,223.46
|
|
pay 56.7% less for entertainment and sports
|
Iceland
|
Bolivia
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$9.37
ISK1,288
|
$1.94
BOB13.41
|
|
| Cappuccino in mid-range area |
$4.61
ISK634
|
$2.50
BOB17.29
|
|
|
Pack of cigarettes
Marlboro or similar
|
$11.22
ISK1,542
|
$2.89
BOB19.99
|
|
| Monthly membership at local gym |
$60.00
ISK8,247
|
$40.81
BOB282.66
|
|
| Movie ticket to theater/cinema |
$13.94
ISK1,916
|
$6.69
BOB46.37
|
|
pay 48.0% less for clothing
|
Iceland
|
Bolivia
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$108.23
ISK14,877
|
$45.46
BOB314.90
|
|
|
Regular dress
from H&M or similar store
|
$59.73
ISK8,210
|
$51.97
BOB359.97
|
|
|
Running shoes
Nike or Adidas
|
$146.94
ISK20,197
|
$65.38
BOB452.86
|
|
| Men's business shoes (leather) |
$169.24
ISK23,262
|
$58.33
BOB404.04
|
|
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