Your question: What is the standard of living in Bolivia?

What is the cost of living like in Bolivia?

A single person estimated monthly costs are 489$ (3,393Bs.) without rent. Cost of living in Bolivia is, on average, 50.18% lower than in United States. Rent in Bolivia is, on average, 73.81% lower than in United States.

How much does an average house cost in Bolivia?

Residential properties in Bolivia are much cheaper than most parts of South America. One- to two-bedroom houses and condominiums are priced below US$50,000. On the other hand, larger houses with several bedrooms located in the city are sold below US$100,000.

Is Bolivia poor or rich?

Bolivia is the poorest country in South America. Although classified as middle income, it is at the very low end of the scale. Since 2006, the Government of Bolivia has introduced economic and social reforms designed to meet the basic needs of the poorest people.

How much money do you need to live comfortably in Bolivia?

A couple could live well in Sucre on $1,000 a month, Steve says. A single person could live on $600 to $800. And that low-cost lifestyle is not one of minimalistic denial.

Example of the Cost of Living in Bolivia.

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Expense U.S. $
Savings/Travel/Misc. $200
Monthly total $1,543

Are people happy in Bolivia?

Bolivia: Happiness Index, 0 (unhappy) – 10 (happy)

The average value for Bolivia during that period was 5.81 points with a minimum of 5.72 points in 2020 and a maximum of 5.89 points in 2015. The latest value from 2020 is 5.72 points. For comparison, the world average in 2020 based on 150 countries is 5.51 points.

Is Bolivia a good place to live?

Bolivia is poor, with a per-capita income of less than $6,000. But few of it’s people lack the basics like food, shelter, and access to education and healthcare. It is generally a very safe country, as there is very little violent crime.

How much is a bottle of Coke in Bolivia?

Prices in restaurants in Bolivia.

Meal in a cheap restaurant 20 BOB (10.00-45)
Coke/Pepsi (0.33 liter bottle) 5.60 BOB (3.50-10.00)
Water (0.33 liter bottle) 5.00 BOB (4.00-8.00)
Cappuccino (regular) 18 BOB (8.00-25)
Espresso Coffee 12 BOB (5.60-18)

What is the average income of Bolivia?

Gross national income per capita in Bolivia from 2010 to 2020 (in U.S. dollars)

Characteristic Income per capita in U.S. dollars
2020 3,200
2019 3,530
2018 3,370
2017 3,090

Can I buy a house in Bolivia?

Foreigners have the same rights as locals when it comes to buying real estate in Bolivia, there are no restrictions. Foreigners can own property in their own name here and you can obtain residence by owning property. There is no title insurance in Bolivia to be sure to do your homework before you pay any money.

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Is Bolivia a good country to retire?

The Takeaway

Bolivia is a South American country on the rise, working to better its infrastructure. The low cost of living may be enough to convince you that Bolivia is the right country for you to retire in. However, life for a U.S. expat is probably most compatible with Bolivia’s most populated cities.

How safe is Bolivia?

OVERALL RISK : MEDIUM

Bolivia is somewhat safe to visit, though it has many dangers. You should be aware that tourist hotspots, restaurants, shops and public transportation are places where most thefts and pickpocketing occur, and that violent crime exists on the streets, too.