This post is a brief analysis of the average and minimum salary in La Paz, Bolivia, one of the highest capitals in the world
Considering investing or living in Bolivia? Check below the up to date data for the average and minimum salary in La Paz, the capital of this South American country.
Nuestra Señora de la Paz, commonly known as La Paz, is the third most populated city of Bolivia. Its unique elevation with points as high as 4,100 meters make this city surpass the capital of the country, Sucre, and its largest city, Santa Cruz de la Sierra, in terms of population.
It also houses a number of religious festivals surrounded by a notable culture and an improved economy. Bolivia is however often neglected by tourists and investors. In this post we will analyze its salaries and costs, for those who are interested in the country.
Minimum Salary in La Paz
La Paz government offers its inhabitants a minimum salary of 2060 BOB (292 USD, approximately). Bolivia is currently the country with the highest real minimum salary growth in South America. More information here (in Spanish).
Average Salary in La Paz
According to Numbeo, the average salary perceived by La Paz inhabitants is 415 USD, which is slightly higher than Asunción, Paraguay, its “rival” and southern neighbor.
The cost of living of this demographically heterogeneous city is proportional to its average salary: if you rent a house with one bedroom in the center of the city, you need to pay out 253 USD, so saving money is rather easy, if your salary is above the average
Bolivia Economic Outlook
La Paz, being the capital of Bolivia, has a much better economic situation than the rest of the country. Bolivia GDP per capita is considerably lower than other wealthier nations in South America.
That explains a constantly flux of Bolivians to other countries like Chile, Brazil, Argentina and Spain. That doesn’t mean that Bolivia doesn’t offer interesting opportunities. For those working for multinationals or earning money online, Bolivia can be a great place to save money and live very comfortably.
Interesting Resources for Working and Living Abroad
Are you really considering to work and live abroad, temporarily or permanently? Below are some resources that might be useful for you around the web:
World Nomads: this company provides travel insurance in most countries around the world, and it might be a good option if you going for a long travel.
TransferWise: A great way to send money abroad paying lower fees.
Booking.com:Booking.com is the best choice for finding accommodation for your next trip, with a wide variety of choices for all types of travelers.
You may also want to check our website guides:
Train Travel Guide: in our railway travel guide, you will learn how to choose and ride the most scenic train routes around the world, always in the most comfortable way with optimal prices to enhance your travel experience.
Dating Guide: our dating guide will help you not only to find love but to understand the social customs of each country. It will also help you to avoid dating scams around the internet and find people really interested in honest relationships.
Work Abroad Guide: Learn how to find a job and employment requirements in different countries. From the initial job search, to bargaining salaries, this guide will help you to find job in most countries around the world. It also covers about remote work and TEFL jobs.