Is the cost of living in Bolivia high?

"The cost of living in Bolivia is generally quite low compared to other countries in the world. The cost of living in the capital city of La Paz is higher than in other parts of the country, as it is the most populous city and has a higher demand for goods and services. The rental price for a nice 1 bedroom apartment in Bolivia is around $400 USD per month, while a nice 2 bedroom apartment is around $600 USD per month. Eating dinner at a moderately priced restaurant in Bolivia will cost around $10 USD per person," remarked another expat in Bolivia.