Cost of living comparison

Iceland

compared to

Bolivia

Bolivia vs. Iceland Cost of Living Summary

Bolivia is 56.8% cheaper than Iceland overall.

Restaurants: pay 68.4% less in Bolivia
Groceries: pay 54.3% less in Bolivia
Transportation: pay 59.9% less in Bolivia
Housing: pay 63.8% less in Bolivia
Childcare: pay 38.4% less in Bolivia
Entertainment and Sports: pay 60.5% less in Bolivia
Clothing: pay 52.4% less in Bolivia

Expenses including restaurants, housing, entertainment and sports, transportation, groceries, and clothing are lower in Bolivia.

Bolivia vs. Iceland Cost Breakdown

If you lived in Bolivia instead of Iceland, you would:

Display currency: USD

pay 68.4% less for restaurants

	Iceland	Bolivia
Basic meal with drink at inexpensive restaurant	$19.40 ISK2,534	$3.05 BOB21.07	-84.3%
Fast food combo meal McDonalds, or similar	$16.94 ISK2,213	$6.91 BOB47.72	-59.2%
Bottle of Coca-Cola (11 fl. oz)	$2.81 ISK367	$0.94 BOB6.49	-66.6%
Bottle of water (11 fl. oz)	$2.02 ISK264	$0.74 BOB5.08	-63.6%
Average			-68.4%

Iceland vs. Bolivia - Cost of restaurants

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pay 54.3% less for groceries

	Iceland	Bolivia
Bread 1 loaf	$2.95 ISK386	$1.27 BOB8.74	-57.2%
Local cheese (8 oz)	$7.27 ISK949	$2.34 BOB16.18	-67.8%
Milk (1 gallon)	$6.01 ISK784	$3.62 BOB25.02	-39.7%
Eggs 1 dozen	$5.42 ISK708	$1.94 BOB13.38	-64.3%
Boneless chicken breast (1 lb)	$8.51 ISK1,111	$1.55 BOB10.68	-81.8%
Apples (1 lb)	$1.22 ISK160	$0.95 BOB6.58	-22.2%
Bananas (1 lb)	$1.03 ISK134	$0.45 BOB3.08	-56.6%
Oranges (1 lb)	$1.17 ISK153	$0.54 BOB3.72	-54.0%
Tomatoes (1 lb)	$1.87 ISK245	$0.63 BOB4.35	-66.4%
Potatoes (1 lb)	$1.23 ISK161	$0.62 BOB4.29	-49.7%
Onions (1 lb)	$0.78 ISK102	$0.49 BOB3.38	-37.7%
Average			-54.3%

Iceland vs. Bolivia - Cost of groceries

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pay 59.9% less for transportation

	Iceland	Bolivia
Gasoline (1 gallon)	$8.36 ISK1,092	$2.00 BOB13.83	-76.0%
Monthly public transit pass	$71.28 ISK9,310	$25.96 BOB179.30	-63.6%
New Volkswagen Golf 1.4 (standard edition)	$40,660.66 ISK5,310,689	$16,221.21 BOB112,044.39	-60.1%
Taxi trip in downtown area (5 miles)	$22.04 ISK2,878	$13.22 BOB91.35	-40.0%
Average			-59.9%

Iceland vs. Bolivia - Cost of transportation

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pay 63.8% less for housing

	Iceland	Bolivia
Internet connection 50 mbps or faster, cable/dsl	$72.17 ISK9,427	$45.11 BOB311.60	-37.5%
1-Bedroom apartment in downtown area	$1,838.04 ISK240,066	$339.61 BOB2,345.75	-81.5%
1-Bedroom apartment outside city center	$1,497.77 ISK195,624	$201.58 BOB1,392.37	-86.5%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$58.01 ISK7,577	$29.25 BOB202.03	-49.6%
Average			-63.8%

Iceland vs. Bolivia - Cost of housing

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pay 38.4% less for childcare

	Iceland	Bolivia
Private preschool for 1 child, monthly	$258.16 ISK33,719	$177.46 BOB1,225.80	-31.3%
Middle school for 1 child, two semesters	$5,993.99 ISK782,876	$3,275.34 BOB22,623.71	-45.4%
Average			-38.4%

Iceland vs. Bolivia - Cost of childcare

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pay 60.5% less for entertainment and sports

	Iceland	Bolivia
Domestic/local beer (1 pint)	$9.19 ISK1,200	$1.78 BOB12.27	-80.7%
Cappuccino in mid-range area	$4.65 ISK607	$2.57 BOB17.77	-44.6%
Pack of cigarettes Marlboro or similar	$11.76 ISK1,535	$2.60 BOB17.97	-77.9%
Monthly membership at local gym	$61.46 ISK8,027	$34.68 BOB239.54	-43.6%
Movie ticket to theater/cinema	$14.35 ISK1,874	$6.37 BOB44.00	-55.6%
Average			-60.5%

Iceland vs. Bolivia - Cost of entertainment and sports

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pay 52.4% less for clothing

	Iceland	Bolivia
Regular jeans Levi's brand	$111.23 ISK14,528	$41.88 BOB289.28	-62.3%
Regular dress from H&M or similar store	$59.69 ISK7,796	$48.40 BOB334.34	-18.9%
Running shoes Nike or Adidas	$148.00 ISK19,330	$61.94 BOB427.85	-58.1%
Men's business shoes (leather)	$184.49 ISK24,097	$54.65 BOB377.46	-70.4%
Average			-52.4%

Iceland vs. Bolivia - Cost of clothing

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The statistics used to build this comparison are calculated using data from users just like you. We average the price of thousands of data points entered by users across the world. Learn more about our data sources. Page last updated: May 2025

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