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Average Salary in Bolivia 2019

How much money does a person working in Bolivia make?

31,500 BOB per month
Average Monthly Salary
A person working in Bolivia typically earns around 31,500 BOB per month.
This is the average monthly salary including housing, transport, and other benefits.
Salaries differ drasticly between different jobs. If you are interested in the salary of a particular job, see below for salaries for specific job titles.

Distribution of Salaries in Bolivia | All Jobs

25% of people earn
29,750 BOB
or less
50% of people earn
31,500 BOB
or less
75% of people earn
33,250 BOB
or less
28,000 BOB
31,500 BOB
35,000 BOB

Abount These Figures: Salary Range, Median and Percentiles

Salaries in Bolivia range between 28,000 BOB per month (minimum salary) to 35,000 BOB per month (maximum salary).

The median salary is 31,500 BOB per month, which means that half (50%) of the population are earning less than 31,500 BOB while the other half are earning more than 31,500 BOB. The median represents the middle salary value. Generally speaking, you would want to be on the right side of the graph with the group earning more than the median salary.

Closely related to the median are two values: the 25th and the 75th percentiles. Reading from the salary distribution diagram, 25% of the population are earning less than 29,750 BOB while 75% of them are earning more than 29,750 BOB. Also from the diagram, 75% of the population are earning less than 33,250 BOB while 25% are earning more than 33,250 BOB.

What is the difference between the median and the average salary? What should you be looking at?

Both are indicators. If your salary is higher than both of the average and the median then you are doing very well. If your salary is lower than both, then many people are earning more than you and there is plently of room for improvement. If your wage is in between the average and median, then things can be a bit confusing. We have written a guide to explain all the different senarios. How to compare your salary

Salaries for specific job categories

Choose your job category from below to explore specific salary details

Salary Trend and Forecast in Bolivia

How are Bolivia salaries changing over time? Listed below is a chart that shows the average salary over the past few years.

Average Salary 2016    =  
29,166 BOB
Average Salary 2017    +3%  
29,982 BOB
Average Salary 2018    +3%  
30,762 BOB
Average Salary 2019    +2%  
31,500 BOB
Percentage increase and decrease are relative to the previous value
Salaries in Bolivia are on the rise in the year 2019 based on recent submitted salaries and reports. As displayed in the chart, salaries in 2019 are 2% higher than those of 2018. The trend suggests a slow yet continous increase in pay in 2020 and future years. These numbers differ slightly from industry to another.

Average Hourly Wage in Bolivia | All Jobs

162 BOB per hour
Average Hourly Wage

The average hourly wage (pay per hour) in Bolivia | All Jobs is 162 BOB. This means that the average person in Bolivia earns approximatly 162 BOB for every worked hour.

Hourly Wage = Annual Salary ÷ ( 52 x 5 x 8 )

The hourly wage is the salary paid in one working hour. Usually jobs are classified into two categories: salaried jobs and hourly jobs. Salaried jobs pay a fix amount regardless of the hours worked. Hourly jobs pay per worked hour. To convert salary into hourly wage the above formula is used (assuming 5 working days in a week and 8 working hours per day which is the standard for most jobs). The hourly wage calculation may differ slightly depending on the worked hours per week and annual vacation allowance. The figures mentioned above are good approximation and they are considered to the be the standard.

Salary Comparison By City

CityAverage Salary
Santa Cruz31,500 BOB
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