Cost of living comparison
La Paz is 56.0% cheaper than Reykjavik.
- Restaurants
-
pay 69.4% less in La Paz
- Groceries
-
pay 64.2% less in La Paz
- Transportation
-
pay 60.1% less in La Paz
- Housing
-
pay 63.9% less in La Paz
- Childcare
-
pay 41.3% less in La Paz
- Entertainment and Sports
-
pay 62.7% less in La Paz
- Clothing
-
pay 30.2% less in La Paz
Expenses including restaurants, groceries, housing, entertainment and sports, transportation, and childcare are lower in La Paz.
If you lived in La Paz instead of Reykjavik, you would:
pay 69.4% less for restaurants
|
Reykjavik
|
La Paz
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$20.00
ISK2,632
|
$2.87
BOB19.84
|
|
|
Fast food combo meal
McDonalds, or similar
|
$18.02
ISK2,371
|
$7.18
BOB49.59
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$3.15
ISK415
|
$1.05
BOB7.24
|
|
| Bottle of water (11 fl. oz) |
$2.19
ISK288
|
$0.77
BOB5.29
|
|
pay 64.2% less for groceries
|
Reykjavik
|
La Paz
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$3.61
ISK475
|
$0.75
BOB5.16
|
|
| Local cheese (8 oz) |
$7.76
ISK1,021
|
$2.36
BOB16.33
|
|
| Milk (1 gallon) |
$6.40
ISK843
|
$3.58
BOB24.72
|
|
|
Eggs
1 dozen
|
$5.76
ISK757
|
$1.70
BOB11.74
|
|
| Boneless chicken breast (1 lb) |
$9.45
ISK1,243
|
$1.37
BOB9.45
|
|
| Apples (1 lb) |
$1.40
ISK185
|
$0.94
BOB6.48
|
|
| Bananas (1 lb) |
$1.01
ISK133
|
$0.48
BOB3.32
|
|
| Oranges (1 lb) |
$1.22
ISK160
|
$0.45
BOB3.14
|
|
| Tomatoes (1 lb) |
$2.22
ISK293
|
$0.47
BOB3.27
|
|
| Potatoes (1 lb) |
$1.43
ISK189
|
$0.45
BOB3.11
|
|
| Onions (1 lb) |
$0.93
ISK123
|
$0.36
BOB2.48
|
|
pay 60.1% less for transportation
|
Reykjavik
|
La Paz
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$8.50
ISK1,119
|
$2.03
BOB14.04
|
|
| Monthly public transit pass |
$74.95
ISK9,863
|
$25.84
BOB178.53
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$42,450.45
ISK5,585,630
|
$15,790.55
BOB109,102.56
|
|
| Taxi trip in downtown area (5 miles) |
$24.05
ISK3,165
|
$15.36
BOB106.13
|
|
pay 63.9% less for housing
|
Reykjavik
|
La Paz
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$69.87
ISK9,193
|
$42.49
BOB293.59
|
|
| 1-Bedroom apartment in downtown area |
$1,971.17
ISK259,367
|
$286.71
BOB1,981.00
|
|
| 1-Bedroom apartment outside city center |
$1,803.44
ISK237,297
|
$185.42
BOB1,281.13
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$53.95
ISK7,099
|
$31.83
BOB219.96
|
|
pay 41.3% less for childcare
|
Reykjavik
|
La Paz
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$252.14
ISK33,177
|
$157.91
BOB1,091.03
|
|
| Middle school for 1 child, two semesters |
$5,993.99
ISK788,690
|
$3,282.52
BOB22,680.11
|
|
pay 62.7% less for entertainment and sports
|
Reykjavik
|
La Paz
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$10.81
ISK1,422
|
$2.15
BOB14.88
|
|
| Cappuccino in mid-range area |
$5.31
ISK698
|
$2.73
BOB18.84
|
|
|
Pack of cigarettes
Marlboro or similar
|
$12.25
ISK1,611
|
$3.01
BOB20.83
|
|
| Monthly membership at local gym |
$69.95
ISK9,204
|
$32.73
BOB226.14
|
|
| Movie ticket to theater/cinema |
$14.77
ISK1,944
|
$6.46
BOB44.63
|
|
pay 30.2% less for clothing
|
Reykjavik
|
La Paz
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$108.97
ISK14,339
|
$44.79
BOB309.45
|
|
|
Regular dress
from H&M or similar store
|
$49.72
ISK6,542
|
$84.16
BOB581.47
|
|
|
Running shoes
Nike or Adidas
|
$151.85
ISK19,981
|
$62.30
BOB430.46
|
|
| Men's business shoes (leather) |
$194.16
ISK25,547
|
$53.71
BOB371.11
|
|
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