Cost of Living in Bolivia
Last updated on Jun 13, 2023
Summary: The cost of living in Bolivia is relatively low compared to other countries. A nice one bedroom apartment in Bolivia can cost anywhere from $200 to $400 per month, while a nice two bedroom apartment can cost from $400 to $600 per month. Dinner at a moderately priced restaurant in Bolivia can cost anywhere from $10 to $20 per person.
Is the cost of living in Bolivia high?
We asked people how much they someone comfortably live on in Bolivia, they wrote:
"The cost of living in Bolivia is generally considered to be quite low compared to other countries in the region. Basic necessities such as food, transportation, and housing are relatively inexpensive, and the cost of entertainment and leisure activities is also quite affordable. In addition, Bolivia has a wide range of accommodation options, from budget hostels to luxury hotels, so it is possible to find something to suit any budget," explained one expat living in Bolivia.
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Will I save money living in Bolivia?
"Living in Bolivia can be significantly cheaper than living in the United States. The cost of living in Bolivia is much lower than in the United States, with basic necessities such as food, transportation, and housing costing significantly less. Additionally, Bolivia has a much lower tax rate than the United States, which can help to further reduce the cost of living," said one expat in Bolivia.
What is the average cost of housing in Bolivia?
If you are thinking about moving to Bolivia, cost of living in probably a key consideration. Expats commented about the cost of housing:
"The cost of housing in Bolivia varies greatly depending on the location and type of housing. Generally, housing in the cities is more expensive than in rural areas. Renting an apartment in a city can cost anywhere from $200 to $500 per month, while renting a house in a rural area can cost as little as $50 per month," said one expat in Bolivia.
What are typical rental prices for expats in Bolivia?
"The rental price for a nice 1 bedroom apartment in Bolivia can vary depending on the location, but generally ranges from around $400 to $800 per month. For a nice 2 bedroom apartment, the rental price can range from around $600 to $1,200 per month," commented one expat living in Bolivia.
What appliances are typically included in a rental?
We asked foreigners in Bolivia what appliances are typically included in a rental, and, if there is anything else included or not included that a newcomer would not expect. Replies included:
"Rental properties in Bolivia typically include a refrigerator, stove, oven, and washing machine. Other common appliances may include a microwave, dishwasher, and air conditioning unit. Depending on the property, some may also include a clothes dryer," said one expat living in Bolivia.
About the Author
Betsy Burlingame is the Founder and President of Expat Exchange and is one of the Founders of Digital Nomad Exchange. She launched Expat Exchange in 1997 as her Master's thesis project at NYU. Prior to Expat Exchange, Betsy worked at AT&T in International and Mass Market Marketing. She graduated from Ohio Wesleyan University with a BA in International Business and German.
Some of Betsy's articles include 12 Best Places to Live in Portugal, 7 Best Places to Live in Panama and 12 Things to Know Before Moving to the Dominican Republic. Betsy loves to travel and spend time with her family. Connect with Betsy on LinkedIn.
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