Published: Monday, 21th October 2024
The cost of living in Iceland is 2.94 times more expensive as compared to Bolivia.
On this page, you will find side-by-side cost comparison between Iceland and Bolivia. We have created 172 cost-of-living indicators. We average the prices of all those indicators and take a mathematically calculated approach to determine which country is more expensive to live in between Iceland and Bolivia.
We always try to give you the latest data, but sometimes mistakes might occur. If you think some content on our site is not updated, please let us know by emailing us at: info.comparedoo@gmail.com
 Indicators  | Iceland  | Bolivia  |
|---|---|---|
1 BHK Apartment in City Center  | 200,000 ISK (1,420 USD) | 200 BOB (29 USD) |
2 BHK Apartment in City Center  | 300,000 ISK (2,130 USD) | 300 BOB (43.50 USD) |
3 BHK Apartment in City Center  | 400,000 ISK (2,840 USD) | 450 BOB (65.25 USD) |
1 BHK Apartment outside City Center  | 150,000 ISK (1,065 USD) | 150 BOB (21.75 USD) |
2 BHK Apartment outside City Center  | 200,000 ISK (1,420 USD) | 250 BOB (36.25 USD) |
3 BHK Apartment outside City Center  | 300,000 ISK (2,130 USD) | 350 BOB (50.75 USD) |
Mortgage Rates Per Month  | 4 % | 6 % |
Realtor Commission  | 2 % | 5 % |
Property Taxes  | 0.2 to 1.65 % | Yet to Update |
The average housing cost in Iceland is 45.20 times more expensive than Bolivia.
Indicators | Iceland | Bolivia |
|---|---|---|
Basic Home Furnishing  | 300,000 ISK (2,130 USD) | 3,500 BOB (507.50 USD) |
Electricity Cost Per Month  | 20,000 ISK (142 USD) | 150 BOB (21.75 USD) |
Heating Cost Per Month  | 25,000 ISK (177.50 USD) | 100 BOB (14.50 USD) |
Cooling Cost Per Month  | 10,000 ISK (71 USD) | 100 BOB (14.50 USD) |
Water Supply Cost Per Month  | 5,000 ISK (35.50 USD) | 50 BOB (7.25 USD) |
If you lived in Iceland, instead of Bolivia, you would have to pay 351.99% more for Utilities.
The basic home furnishing in Iceland costs 4.20 times more compared to Bolivia.
Indicators | Iceland | Bolivia |
|---|---|---|
Standard Wifi Cost Per Month  | 10,000 ISK (71 USD) | 200 BOB (29 USD) |
Mobile Phone Basic Plan Cost Per Month  | 5,000 ISK (35.50 USD) | 100 BOB (14.50 USD) |
Landline Basic Plan Cost Per Month  | 3,000 ISK (21.30 USD) | 50 BOB (7.25 USD) |
Cable TV Basic Plan Cost Per Month  | 8,000 ISK (56.80 USD) | 200 BOB (29 USD) |
The internet and communication costs 131.47% more in Iceland compared to Bolivia.
Indicators | Iceland | Bolivia |
|---|---|---|
Long Grain Rice (1 KG)  | 500 ISK (3.55 USD) | 8 BOB (1.16 USD) |
Milk (1 Liter)  | 250 ISK (1.78 USD) | 6 BOB (0.87 USD) |
Water (1 Liter)  | 50 ISK (0.36 USD) | 4 BOB (0.58 USD) |
Bread (500 gm)  | 150 ISK (1.07 USD) | 5 BOB (0.72 USD) |
Eggs (1 Dozen)  | 500 ISK (3.55 USD) | 15 BOB (2.17 USD) |
Cheese (1 KG)  | 1,200 ISK (8.52 USD) | 40 BOB (5.80 USD) |
Chicken Breast (1 KG)  | 1,000 ISK (7.10 USD) | 25 BOB (3.62 USD) |
In Iceland, the cost of 1 Liter Water and 1 Liter Milk is 1.47 times more expensive than the cost in Bolivia.
If you lived in Iceland, instead of Bolivia, you would have to pay 73.52% more for Groceries.
Indicators | Iceland | Bolivia |
|---|---|---|
Apples (1 KG)  | 800 ISK (5.68 USD) | 10 BOB (1.45 USD) |
Bananas (1 KG)  | 600 ISK (4.26 USD) | 5 BOB (0.72 USD) |
Oranges (1 KG)  | 700 ISK (4.97 USD) | 7 BOB (1.01 USD) |
Tomatoes (1 KG)  | 500 ISK (3.55 USD) | 8 BOB (1.16 USD) |
Potatoes (1 KG)  | 400 ISK (2.84 USD) | 4 BOB (0.58 USD) |
Lemons (1 KG)  | 700 ISK (4.97 USD) | 6 BOB (0.87 USD) |
Onions (1 KG)  | 600 ISK (4.26 USD) | 5 BOB (0.72 USD) |
Lentils (1 KG)  | 600 ISK (4.26 USD) | 20 BOB (2.90 USD) |
If you lived in Iceland, instead of Bolivia, you would have to pay 3.69 times more for Fruits and Vegetables.
Indicators | Iceland | Bolivia |
|---|---|---|
Meal at a Resonable Restaurant  | 3,500 ISK (24.85 USD) | 30 BOB (4.35 USD) |
Three-Course Meal for Two  | 8,000 ISK (56.80 USD) | 150 BOB (21.75 USD) |
Fast Food Combo Meal  | 1,500 ISK (10.65 USD) | 35 BOB (5.07 USD) |
Normal Coffee  | 500 ISK (3.55 USD) | 10 BOB (1.45 USD) |
Soft Drink  | 300 ISK (2.13 USD) | 7 BOB (1.01 USD) |
Pizza for One  | 2,500 ISK (17.75 USD) | 60 BOB (8.70 USD) |
Take-Out Delivery Meal  | 3,000 ISK (21.30 USD) | 50 BOB (7.25 USD) |
Cigarette Pack of 20  | 1,500 ISK (10.65 USD) | 20 BOB (2.90 USD) |
Dining-Out costs 181.35% more in Iceland compared to Bolivia.
Indicators | Iceland | Bolivia |
|---|---|---|
Wine Mid-Range Bottle  | 2,000 ISK (14.20 USD) | 30 BOB (4.35 USD) |
Glass of Wine  | 1,200 ISK (8.52 USD) | 20 BOB (2.90 USD) |
Domestic Beer Half Liter  | 600 ISK (4.26 USD) | 8 BOB (1.16 USD) |
Imported Beer Half Liter  | 800 ISK (5.68 USD) | 15 BOB (2.17 USD) |
Domestic Alcohol 1 Liter  | 3,000 ISK (21.30 USD) | 50 BOB (7.25 USD) |
Branded Alcohol 1 Liter  | 4,000 ISK (28.40 USD) | 100 BOB (14.50 USD) |
If you lived in Iceland, instead of Bolivia, you would have to pay 2.55 times more for usual hard drinks.
Indicators | Iceland | Bolivia |
|---|---|---|
Monthly Public Transportation Pass  | 15,000 ISK (106.50 USD) | 150 BOB (21.75 USD) |
Single Public Transportation Ticket  | 400 ISK (2.84 USD) | 2.50 BOB (0.36 USD) |
Single Train Ticket  | Yet to Update () | 100 BOB (14.50 USD) |
Domestic Airplane Ticket  | 30,000 ISK (213 USD) | 500 BOB (72.50 USD) |
Taxi Start Fare  | 800 ISK (5.68 USD) | 10 BOB (1.45 USD) |
Taxi Rate Per Kilometer  | 200 ISK (1.42 USD) | 3 BOB (0.43 USD) |
Car Rental Per Day  | 10,000 ISK (71 USD) | 300 BOB (43.50 USD) |
Parking Fees in City Center Per Hour  | 500 ISK (3.55 USD) | 10 BOB (1.45 USD) |
Parking Fees outside City Center Per Hour  | 300 ISK (2.13 USD) | 5 BOB (0.72 USD) |
If you lived in Iceland, instead of Bolivia, you would have to pay 2.59 times more for transportation.
Indicators | Iceland | Bolivia |
|---|---|---|
Reasonable Vehicle Purchase Cost  | 4,000,000 ISK (28,400 USD) | 100,000 BOB (14,500 USD) |
Vehicle Registration Cost  | 15,000 ISK (106.50 USD) | 1,500 BOB (217.50 USD) |
Driving License Fees  | 5,000 ISK (35.50 USD) | 200 BOB (29 USD) |
Car Insurance Cost  | 40,000 ISK (284 USD) | 1,000 BOB (145 USD) |
Car Maintenance Cost  | 15,000 ISK (106.50 USD) | 500 BOB (72.50 USD) |
Car Loan Interest Rates  | 5 % | 5 % |
Fuel Per Liter  | 250 ISK (1.78 USD) | 3.72 BOB (0.54 USD) |
Fuel Per Gallon  | 1,200 ISK (8.52 USD) | 14.08 BOB (2.04 USD) |
Average Toll Fees  | 1,000 ISK 7.10 USD | 20 BOB 2.90 USD |
You would have to pay 1.93 times more for Vehicle purchase, daily operation and maintenance in Iceland compared to that of Bolivia.
Indicators | Iceland | Bolivia |
|---|---|---|
Doctor Visit  | 5,000 ISK (35.50 USD) | 100 BOB (14.50 USD) |
Specialist Visit  | 10,000 ISK (71 USD) | 200 BOB (29 USD) |
Dentist Visit  | 8,000 ISK (56.80 USD) | 150 BOB (21.75 USD) |
Eye Exam  | 3,000 ISK (21.30 USD) | 100 BOB (14.50 USD) |
Mental Health Counseling  | 8,000 ISK (56.80 USD) | 200 BOB (29 USD) |
Preventive Health Screening  | 4,000 ISK (28.40 USD) | 100 BOB (14.50 USD) |
Physical Therapy  | 6,000 ISK (42.60 USD) | 150 BOB (21.75 USD) |
Emergency Room Visit  | 15,000 ISK (106.50 USD) | 300 BOB (43.50 USD) |
Hospital Stay Per Night  | 25,000 ISK (177.50 USD) | 1,000 BOB (145 USD) |
Vaccinations  | 2,500 ISK (17.75 USD) | 50 BOB (7.25 USD) |
Prescription Medication  | 1,500 ISK (10.65 USD) | 50 BOB (7.25 USD) |
Over the Counter Medication  | 800 ISK (5.68 USD) | 20 BOB (2.90 USD) |
Health Insurance Premiums  | 20,000 ISK (142 USD) | 500 BOB (72.50 USD) |
Health Insurance Deductibles  | 5,000 ISK (35.50 USD) | 200 BOB (29 USD) |
If you lived in Iceland, instead of Bolivia, you would have to pay 1.79 times more for Health and Medical Treatment.
Indicators | Iceland | Bolivia |
|---|---|---|
Cosmetic Procedures  | 30,000 ISK (213 USD) | 500 BOB (72.50 USD) |
Spa Treatment  | 10,000 ISK (71 USD) | 100 BOB (14.50 USD) |
Manicure Pedicure Cost  | 3,000 ISK (21.30 USD) | 50 BOB (7.25 USD) |
Optical Glasses Cost  | 10,000 ISK (71 USD) | 200 BOB (29 USD) |
Contact Lenses Cost  | 5,000 ISK (35.50 USD) | 150 BOB (21.75 USD) |
Haircuts  | 2,000 ISK (14.20 USD) | 50 BOB (7.25 USD) |
Hair Coloring  | 6,000 ISK (42.60 USD) | 100 BOB (14.50 USD) |
Shampoo Price  | 500 ISK (3.55 USD) | 20 BOB (2.90 USD) |
Toothpaste Price  | 200 ISK (1.42 USD) | 10 BOB (1.45 USD) |
If you lived in Iceland, instead of Bolivia, you would have to pay 2.77 times more for Personal Care Items and Treatment.
Indicators | Iceland | Bolivia |
|---|---|---|
Pair of Nike Running Shoes  | 15,000 ISK (106.50 USD) | 300 BOB (43.50 USD) |
Men's Shirt  | 5,000 ISK (35.50 USD) | 150 BOB (21.75 USD) |
Women's Dress  | 10,000 ISK (71 USD) | 200 BOB (29 USD) |
Summer Dress  | 5,000 ISK (35.50 USD) | 100 BOB (14.50 USD) |
Men's Suit  | 40,000 ISK (284 USD) | 800 BOB (116 USD) |
Men's Jeans  | 7,000 ISK (49.70 USD) | 200 BOB (29 USD) |
Women's Jeans  | 6,000 ISK (42.60 USD) | 180 BOB (26.10 USD) |
Men's Formal Shoes  | 7,000 ISK (49.70 USD) | 300 BOB (43.50 USD) |
Women's Formal Shoes  | 7,000 ISK (49.70 USD) | 250 BOB (36.25 USD) |
Men's Casual Shoes  | 5,000 ISK (35.50 USD) | 250 BOB (36.25 USD) |
Women's Casual Shoes  | 4,000 ISK (28.40 USD) | 220 BOB (31.90 USD) |
Underwear For Men  | 1,000 ISK (7.10 USD) | 50 BOB (7.25 USD) |
Underwear For Women  | 1,200 ISK (8.52 USD) | 60 BOB (8.70 USD) |
Socks For Men  | 300 ISK (2.13 USD) | 20 BOB (2.90 USD) |
Socks For Women  | 400 ISK (2.84 USD) | 20 BOB (2.90 USD) |
Wintercoat for Adults  | 8,000 ISK (56.80 USD) | 250 BOB (36.25 USD) |
Sportswear  | 6,000 ISK (42.60 USD) | 150 BOB (21.75 USD) |
If you lived in Iceland, instead of Bolivia, you would have to pay 1.79 times more for Clothing and Footwear for Adults.
Indicators | Iceland | Bolivia |
|---|---|---|
Children's Jeans  | 3,500 ISK (24.85 USD) | 100 BOB (14.50 USD) |
Children's Normal Sneakers  | 4,000 ISK (28.40 USD) | 120 BOB (17.40 USD) |
Children's Winter Coat  | 6,000 ISK (42.60 USD) | 150 BOB (21.75 USD) |
Daycare for Infant  | 25,000 ISK (177.50 USD) | 300 BOB (43.50 USD) |
Daycare for Toddler  | 20,000 ISK (142 USD) | 280 BOB (40.60 USD) |
Childcare for Sick Days  | 1,500 ISK (10.65 USD) | 100 BOB (14.50 USD) |
Early Childhood Education Programs  | 6,000 ISK (42.60 USD) | 350 BOB (50.75 USD) |
Extra Curricular Activities  | 3,000 ISK (21.30 USD) | 120 BOB (17.40 USD) |
Summer Camp for Kids  | 8,000 ISK (56.80 USD) | 300 BOB (43.50 USD) |
If you lived in Iceland, instead of Bolivia, you would have to pay 2.07 times more for Childcare and kids clothing.
Indicators | Iceland | Bolivia |
|---|---|---|
PreSchool Fees  | 30,000 ISK (213 USD) | 350 BOB (50.75 USD) |
Primary School Fees  | 40,000 ISK (284 USD) | 400 BOB (58 USD) |
Secondary School Fees  | 60,000 ISK (426 USD) | 450 BOB (65.25 USD) |
Private School Fees  | 80,000 ISK (568 USD) | 800 BOB (116 USD) |
University Tuition Fees  | 150,000 ISK (1,065 USD) | 1,500 BOB (217.50 USD) |
University Private Tuition Fees  | 200,000 ISK (1,420 USD) | 3,000 BOB (435 USD) |
After School Activities  | 5,000 ISK (35.50 USD) | 100 BOB (14.50 USD) |
Special Education Services  | 7,000 ISK (49.70 USD) | 300 BOB (43.50 USD) |
Tutoring  | 5,000 ISK (35.50 USD) | 80 BOB (11.60 USD) |
Textbooks Cost  | 4,000 ISK (28.40 USD) | 200 BOB (29 USD) |
School Supplies  | 2,000 ISK (14.20 USD) | 150 BOB (21.75 USD) |
If you lived in Iceland, instead of Bolivia, you would have to pay 3.89 times more for school and education.
Indicators | Iceland | Bolivia |
|---|---|---|
Movie Ticket (Single)  | 1,000 ISK (7.10 USD) | 30 BOB (4.35 USD) |
Theater Ticket (Single)  | 2,000 ISK (14.20 USD) | 50 BOB (7.25 USD) |
Concert Ticket (Single)  | 2,500 ISK (17.75 USD) | 100 BOB (14.50 USD) |
Sports Event Ticket (Single)  | 1,500 ISK (10.65 USD) | 80 BOB (11.60 USD) |
Gym Membership  | 6,000 ISK (42.60 USD) | 150 BOB (21.75 USD) |
Swimming Pool Access  | 5,000 ISK (35.50 USD) | 100 BOB (14.50 USD) |
Museum Entry Ticket  | 1,000 ISK (7.10 USD) | 20 BOB (2.90 USD) |
Zoo Entry Ticket  | 1,500 ISK (10.65 USD) | 25 BOB (3.62 USD) |
Amusement Park Entry Ticket  | 2,000 ISK (14.20 USD) | 50 BOB (7.25 USD) |
Bowling  | 1,000 ISK (7.10 USD) | 40 BOB (5.80 USD) |
Mini Golf  | 1,500 ISK (10.65 USD) | 30 BOB (4.35 USD) |
Video Games  | 5,000 ISK (35.50 USD) | 300 BOB (43.50 USD) |
Streaming Services  | 1,000 ISK (7.10 USD) | 50 BOB (7.25 USD) |
Outdoor Equipment Rental  | 1,000 ISK (7.10 USD) | 100 BOB (14.50 USD) |
Theme Park Annual Pass  | 50,000 ISK (355 USD) | 500 BOB (72.50 USD) |
If you lived in Iceland, instead of Bolivia, you would have to pay 2.47 times more for entertainment, recreation and fun activities.
Indicators | Iceland | Bolivia |
|---|---|---|
Language Classes  | 5,000 ISK (35.50 USD) | 250 BOB (36.25 USD) |
Parenting Classes  | 5,000 ISK (35.50 USD) | 100 BOB (14.50 USD) |
Art Classes  | 3,000 ISK (21.30 USD) | 80 BOB (11.60 USD) |
Fitness Classes  | 6,000 ISK (42.60 USD) | 50 BOB (7.25 USD) |
Music Lessons  | 4,000 ISK (28.40 USD) | 60 BOB (8.70 USD) |
Dance Lessons  | 4,000 ISK (28.40 USD) | 70 BOB (10.15 USD) |
Reading Materials for Classes  | 1,000 ISK (7.10 USD) | 20 BOB (2.90 USD) |
Educational Software  | 3,000 ISK (21.30 USD) | 200 BOB (29 USD) |
If you lived in Iceland, instead of Bolivia, you would have to pay 1.83 times more for Private Classes.
Indicators | Iceland | Bolivia |
|---|---|---|
Average Gross Monthly Salary  | 450,000 ISK (3,195 USD) | 4,000 BOB (580 USD) |
Average Net Monthly Salary  | 350,000 ISK (2,485 USD) | 3,500 BOB (507.50 USD) |
Minimum Wages  | 6,666.67 ISK per hour (47.33 USD) | 73.33 BOB per hour (10.63 USD) |
Average Bonus  | 40,000 ISK (284 USD) | 500 BOB (72.50 USD) |
Income Tax Rate  | 0 to 24 % | 0 to 13 % |
Social Security Contributions  | 7 % | 10 % |
Pension Contributions  | 8 % | 5 % |
Cost of Living Index  | 12 | 35 |
Median Household Income  | 400,000 ISK (2,840 USD) | 3,000 BOB (435 USD) |
If you lived in Iceland, you would earn 5.51 times more salary as compared to Bolivia.
Indicators | Iceland | Bolivia |
|---|---|---|
Legal Consultation Per Hour Rate  | 10,000 ISK (71 USD) | 200 BOB (29 USD) |
Accounting Services Per Hour Rate  | 7,000 ISK (49.70 USD) | 150 BOB (21.75 USD) |
IT Support Services Per Hour Rate  | 5,000 ISK (35.50 USD) | 100 BOB (14.50 USD) |
Technician Services Per Hour Rate  | 4,000 ISK (28.40 USD) | 80 BOB (11.60 USD) |
Professional Services cost 2.40 times more in Iceland, as compared to Bolivia.
We hope you enjoyed the detailed guide on the cost of living comparsion between Iceland and Bolivia.
For more side-by-side comparsion between Countries, States and Cities, you can use the search box above or click the links below.
The Comparedoo.com family sincerely appreciates your time with us. We look forward to seeing you on our other pages.
