MigrantoCost of living in Bolivia
What a month costs, how prices compare with other countries
Monthly cost in Bolivia
Spending runs from BOB 678 a month in the poorest fifth to BOB 5,900 in the richest
Per person, whole country
BOB 1,890
what a typical person spends in a month
Spending across the population
BOB 678richest 20%
BOB 5,900
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Key facts
The cost of living in Bolivia in numbers
The cheapest of its neighbours
No neighbouring country is cheaper. The same basket costs BOB 5,190 here against BOB 5,590 in Paraguay, the closest on price.
Among the cheapest countries in the world
Cheaper than 81% of countries. A basket that costs BOB 6,920 at world-middle prices costs BOB 5,190 here.
Typical spending takes 53% of the average wage
A typical person spends BOB 1,890 a month while the average take-home wage is BOB 3,580, so 47% of an average wage sits above what a typical person spends.
The richest fifth spends 8.7× the poorest
Spending runs from BOB 678 a month in the poorest fifth to BOB 5,900 in the richest, which is #31 of 185 countries by that gap. A single national average hides a lot here.
How living costs in Bolivia compare
Neighbours, region and the world on the same monthly figure
What things cost here
How much the same goods and services cost in Bolivia against other countries
Cheaper than 81% of countries
Where Bolivia sits when every country is lined up from cheapest to most expensive
Pakistanmost expensive
Bermuda
middle
A basket of goods and services that costs BOB 6,920 at world-middle prices costs BOB 5,190 here.
Data source: household consumption 2024 (World Bank), International Comparison Program 2021 (World Bank), adjusted to 2026 using IMF GDP-per-capita growth
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What it costs to live in Bolivia
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Cost of living in Bolivia
BOB 678/mo
vs BOB 5,540 in your country
Take-home
BOB 1,920
vs BOB 8,300 in your country
Potential savings
BOB 1,250
more than in your country
Standard of living
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Frequently asked questions
What is the cost of living in Bolivia?
A typical person in Bolivia spends about BOB 1,890 a month — around BOB 22,700 a year — on housing, groceries, transport and other everyday costs. It's a nationwide average across different regions, cities and types of housing.
What is the standard of living in Bolivia?
By spending, Bolivia ranks #107 of 185 countries. A typical person spends about BOB 1,890 a month, the poorest 20% about BOB 678 and the richest 20% about BOB 5,900. The gap between them shows how unevenly people live.
What is the cost of living in Bolivia in US dollars?
The cost of living in Bolivia is about $273 a month, or roughly $3,276 a year per person.
How much money do you need to live comfortably in Bolivia?
It all depends on your standard of living. A modest budget runs about BOB 678 a month per person, a typical one around BOB 1,890, and a comfortable life around BOB 2,800. In big cities and for a family, costs are usually higher.
Is the average salary in Bolivia enough to live on?
Yes, with room to spare. Average spending is about BOB 1,890 a month, while the average take-home pay in Bolivia is about BOB 3,580. For more on incomes, see salaries in Bolivia.
Is Bolivia an expensive country to live in?
Somewhat. Bolivia is more expensive than 42% of countries worldwide and ranks 30th of 33 in Latin America by cost of living.
What currency is used in Bolivia?
Bolivia uses the Bolivian Boliviano (BOB). Amounts on this page are shown in it; the currency switcher converts them.
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Living in Bolivia
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