Which place is cheaper, La Paz or Reykjavik?
These are the overall average travel costs for the two destinations.
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Should you visit Reykjavik or La Paz?
Which is cheaper to visit? Which is more expensive for vacation?
If you're trying to decide where to visit between Reykjavik or La Paz, this travel comparison, which includes costs, can help. The overall cost of travel is usually a consideration when deciding where to go next, and the cost comparison down below can help you decide based on the average prices from other travelers along with your own travel budget.
Where Should I go: Reykjavik or La Paz?
Reykjavik
Reykjavik is the capital and largest city in the country of Iceland. The city is where the vast majority of the country's population resides and the urban area has about 200,000 residents. The city is sprawling, with a large area covered in suburbs. The the city center is quite compact, with many interesting and colorful houses. There are a lot of things that attract tourists to this city, including an interesting culture and history as well as plenty of shopping and dining opportunities.
La Paz
La Paz, the administrative capital of Bolivia, has a breathtaking setting. The city is the highest national capital in the world, with an altitude ranging from about 4,058 m (13,313 ft) above sea level in El Alto, where the airport is located, to 3,100 m (10,170 ft) in the lower residential area. The dynamic and chaotic city was built in a canyon created by the Choqueyapu River. La Paz is now a fusion of architectural styles, cultures and beliefs, welcoming everyday new boutique hotels, modern shops, delicious restaurants and reinventing standing establishments. However, generally speaking, Bolivia remains more a backpacker hit than a mainstream tourist destination.
For some great organized tour ideas, see The Best Budget Tours to Iceland, The Best Tours for Seniors to Iceland, The Best Luxury Tours to Bolivia, and The Best Budget Tours to Bolivia.
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Average Daily Cost Per person, per dayReykjavik $246La Paz $44
The average daily cost (per person) in Reykjavik is $246, while the average daily cost in La Paz is $44. These costs include accommodation (assuming double occupancy, so the traveler is sharing the room), food, transportation, and entertainment. While every person is different, these costs are an average of past travelers in each destination. What follows is a categorical breakdown of travel costs for Reykjavik and La Paz in more detail.
Accommodation
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Accommodation Hotel or hostel for one personReykjavik $139La Paz $16
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Accommodation Typical double-occupancy roomReykjavik $278La Paz $32
Compare Hotels in Reykjavik and La Paz
Looking for a hotel in Reykjavik or La Paz? Prices vary by location, date, season, and the level of luxury. See below for options and compare which is best for your budget and travel style.
Kayak helps you find the best prices for hotels, flights, and rental cars for destinations around the world. Compare prices for multiple destinations when planning your next trip.
Our Analysis
We've analyzed the average and typical hotel prices based on guest reviews, star ratings, and hotel amenities here: Reykjavik Hotel Prices and La Paz Hotel Prices.
Local Transportation
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Local Transportation Taxis, local buses, subway, etc.Reykjavik $46La Paz $9.47
Hired Cars and Shuttles in Reykjavik
Also for Reykjavik, here are a few examples of actual transportation services:
- To/from Blue Lagoon Private Transfer in Iceland: $160
- The Blue Lagoon Comfort Package Including Transfer from Reykjavik: $167
- Sky Lagoon Entry with 7-Step Ritual and Transfers from Reykjavik: $115
- Skarfabakki Cruise Port to Keflavik Airport (KEF) - Departure Private Transfer: $92
- Skarfabakki Cruise Port Transfers To/From Keflavik Airport.: $161
- Skálafell to Reykjavik Airport (RKV) - Departure Private Transfer: $22
- Sky Lagoon Admission with Transfer: $125
- Roundtrip Bus Transfer to the Blue Lagoon: $45
- Private Transfer to/from Keflavík Airport: $169
- Private Luxury Airport Transfer Service: $280
- Private Airport Transfer - RVK to KEF: $54
- Private Airport Transfer: $167
Typical Local Transportation Prices in La Paz
Some typical examples of transportation costs in La Paz are as follows:
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Taxi Ride$0.58
Hired Cars and Shuttles in La Paz
Also for La Paz, here are a few examples of actual transportation services:
- Transfer in Private Vehicle from La Paz City - La Paz Airport (LPB): $21
- Transfer in Private Minivan from La Paz Airport (LPB) - La Paz City: $27
- Roundtrip Transfer Private Vehicle La Paz Airport (LPB) - La Paz City: $43
- Roundtrip Transfer Private Minivan La Paz Airport (LPB) - La Paz City: $55
- Private transfer 24/7 El Alto Airport - Hotels La Paz: $28
- Private Transfer from La Paz to Uyuni.: $295
- Private Transfer from Airport to your Hotel in La Paz City : $77
- Private Transfer from Airport to your Hotel in La Paz City : $54
- Private Transfer La Paz Airport LPB to La Paz City by MiniVan/Bus: $28
- Private Transfer From your Hotel to Bus Station in La Paz City : $68
- Private Transfer From Hotel to Bus Station in La Paz City : $52
- Private Transfer From Hotel to Airport in La Paz City : $68
Is it cheaper to fly into Reykjavik or La Paz?
Prices for flights to both La Paz and Reykjavik change regularly based on dates and travel demand. We suggest you find the best prices for your next trip on Kayak, because you can compare the cost of flights across multiple airlines for your prefered dates.
Food
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Food Meals for one dayReykjavik $30La Paz $17
Typical Food Prices in Reykjavik
For Reykjavik, here are some examples of average food and meal prices for travelers:
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Dinner (Fish Market)$178
Food Tours and Cooking Classes in Reykjavik
For Reykjavik, here are some samples of tours and activities related to meals and dining experiences:
- Exclusive dinner with a local family - Visit a Reykjavík home: $98
- Icelandic Food Tour: $124
- The Reykjavik Christmas Food Tour: $128
- 3 Hour Shared Christmas Food Tour with Guide in Reykjavik: $129
- Reykjavik Market & Lunch Food Tour - BitesizedIceland.com: $142
- Reykjavik Old Harbor Food Tour - BitesizedIceland.com: $145
- Private Reykjavik Christmas Food Tour: $209
- Icelandic Cooking Class in Downtown Reykjavik with Musical Hosts: $296
Typical Food Prices in La Paz
For La Paz, here are some examples of average food and meal prices for travelers:
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Fruit$0.72
Food Tours and Cooking Classes in La Paz
For La Paz, here are some samples of tours and activities related to meals and dining experiences:
- La Paz Food Tour + Cable Car Cultural City tour: $45
Entertainment
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Entertainment Entrance tickets, shows, etc.Reykjavik $72La Paz $16
Typical Entertainment Prices in Reykjavik
Below are a few sample prices from actual travelers for Reykjavik's activities, tours, and tickets:
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Art Museum$11
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Wine and Spa$29
Tours and Activities in Reykjavik
For Reykjavik, here are a few prices for actual activities, tours, and tickets provided by various companies:
- #1 Northern Lights Tour In Iceland from Reykjavik with PRO photos: $145
- 1 hour Reykjavík E Scooter Adventure: $66
- 1 hour Reykjavík E-Scooter Adventure: $64
- 1-Hour ATV Quad Tour from Reykjavik: $131
- 1-Hour Helicopter Tour in Iceland: The Geothermal Tour: $438
- 1hr ATV & Golden Circle Adventure from Reykjavik: $276
- 1hr Buggy Adventure & Whale Watching from Reykjavik: $289
- 1hr Buggy Adventure from Reykjavik: $172
- 2-Hour RIB Boat Whale Watching Tour from Reykjavik: $169
- 2hr Buggy 'Lava Field Adventure' from Reykjavik: $219
- 3-Hour Private Discover Reykjavik Photography Tour: $172
- 3hr Volcanic Springs ATV Adventure from Reykjavik: $299
Tours and Activities in La Paz
For La Paz, here are a few prices for actual activities, tours, and tickets provided by various companies:
- From Private Tour to Tiwanaku Ruins and Puma Punku.: $173
- 2-Day Private Lake Titicaca and Sun Island Tour from La Paz: $520
- 2-day Private Guided Tour in Uyuni and La Paz: $240
- 3 Day Death Road + Uyuni Salt Flats Tour From La Paz City: $280
- Bike Tour to the Death Road: $85
- Chacaltaya 5,435m & Valle De Luna. 2 For 1 Special Tour.: $30
- Cholet Tour - Andean Architecture and Culture - El Alto: $26
- City Tour plus Cable Car La Paz: $10
- City Tour with Drone!: $204
- City Walking Tour in La Paz: $8.00
- Copacabana-Lake Titicaca&Isla del Sol Full Day PRIVATE GUIDE TOUR: $110
- Cusco Bus Ticket from La Paz City 7:30 a.m. : $60
Alcohol
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Alcohol Drinks for one dayReykjavik $28La Paz $11
Typical Alcohol Prices in Reykjavik
Some typical examples of the costs for nightlife and alcohol in Reykjavik are as follows:
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Beer$8.79
Sample the Local Flavors in Reykjavik
Some specific costs for nightlife related activities in Reykjavik:
- Gin Distillery tour and tasting: $25
- Eimverk Distillery Tour with Tasting: $32
Sample the Local Flavors in La Paz
Some specific costs for nightlife related activities in La Paz:
- Cultural Pub Crawl La Paz Nightlife Tour : $50
When we compare the travel costs of actual travelers between Reykjavik and La Paz, we can see that Reykjavik is more expensive. And not only is La Paz much less expensive, but it is actually a significantly cheaper destination. Since Reykjavik is in Europe and La Paz is in South America, this is one of the main reasons why the costs are so different, as different regions of the world tend to have overall different travel costs. So, traveling to La Paz would let you spend less money overall. Or, you could decide to spend more money in La Paz and be able to afford a more luxurious travel style by staying in nicer hotels, eating at more expensive restaurants, taking tours, and experiencing more activities. The same level of travel in Reykjavik would naturally cost you much more money, so you would probably want to keep your budget a little tighter in Reykjavik than you might in La Paz.
If you're trying to decide if either of these two destinations are within your price range, also see Is Reykjavik Expensive? and Is La Paz Expensive?.
Which is Bigger, Reykjavik or La Paz?
La Paz has a larger population, and is about 7 times larger than the population of Reykjavik. When comparing the sizes of Reykjavik and La Paz, keep in mind that a larger population does not always imply the destination has more attractions or better activities. So, always research the type of place that you want to visit along with the activities and attractions that interest you.
Budget Your Trip is all about finding out how much everything costs so that you can travel cheaper and longer. Created by avid travelers Laurie and Bryan, our goal is to help you plan your next trip on the right budget. With average daily travel costs that are calculated from the budgets of real travelers, plus an analysis of hotel and tour prices, you can find out how much money you need to plan your next adventure. We also have plenty of travel advice, accommodation reviews, and activity suggestions.