Cost of Living in Venezuela

How Much Does It Cost to Live In Venezuela?

Venezuela is a country in South America and home to world’s greatest wonders: the highest waterfall, Angel Falls, the second longest river in South America, the Orinoco, and the longest coastline on the Caribbean sea.

Venezuela cost of living is relative. It can be the worlds most expensive country, or the cheapest: namely, there are three official exchange rates, and a black market rate and there’s a huge difference between them.

It would be best to have some guidance from someone who lives there and knows the situation very well.

The quality of life is low in Venezuela, the crime is on a rise and there’s a lack of food basics.

Cost of Living Index:
27.62

Venezuela FlagVenezuela : Cost of Living by City

Restaurants

RESTAURANTS

If you’re a foodie, most food is really cheap here, as in 2$ in El Baretto with soup, beverage and dessert included, or 10$ in a fine restaurant, per person, but eating a few entries, main dish, a dessert and a few drinks. McDonald’s will get you its biggest burger for some 3$. Like pretty much everything else, eating out is cheap in Venezuela.

Markets

MARKETS

Food is a bit tricky. It goes up by the week, so one can’t really put a number on it. But you can eat virtually anything you like with 100$ a month. The price of food in Venezuela is at the moment, probably, the cheapest in the world, with every major globally-sold product costing much less here than anywhere else.

Transportation

TRANSPORTATION

There are three options for travel inside the country: car rental, using buses, and using cars-for-hire. Luckily, the price of gas is very cheap, so the bus system is extensive and extremely affordable. If you want to travel within cities, people usually take the taxi. Taxis are more expensive than any other form of transport, but still affordable. Caracas has a modern and cheap metro system (although it is crowded and a bit dirty!) currently being expanded.

Utilities

UTILITIES (MONTHLY)

Utilities are just worryingly cheap in Venezuela, though it still depends on the size of your apartment. For an apartment of about 85m2, basic utilities including electricity, heating, cooling, water, gas and garbage services will amount to 9$. Internet is relatively expensive compared to that – almost 6$ per month.

Sports and leisure

SPORTS & LEISURE

You can go to the movies for about 0.5$ (and often – even less) per ticket and 2$ for popcorn, chocolates and a huge Pepsi. And outdoor activities like hiking are free in El Ávila, so you can save some money you would otherwise spend on a gym. Practicing sports is definitely costly in Venezuela, but not for foreigners: a membership in a gym or a fitness center will cost you around 7$.

Clothing and shoes

CLOTHING & SHOES

Clothing is cheap too. This means you can buy a whole closet with around 100$ to 200$. Name brands though are around the same price as in the US. Fine Nike shoes will go up to somewhere around 80$, but you can sometimes find them in their stores, certified original for way less, if the dollar goes up suddenly, which happens a few times a year.

Rent per month

RENT PER MONTH

Rent is also very cheap though it still depends on the area. A great apartment in El Rosal, two bedroom, kitchen, washing machine and parking space, could cost around 300$ a month. In Altamira, a really nice zone, it would be at around 500$. Anywhere else, a studio apartment can be as low as 100$, or even 80$. You can even find a place where you can get a two-bedroom with garden and parking space for about 150$.

Cost of Living Averages Table for Venezuela

*Note: All prices are indicated in USD.
Average Restaurant Prices
Meal (Inexpensive Restaurant)$3.00
Domestic Beer (0.5 Liter)$0.55
Water (0.33 Liter)$0.48
Average Market Prices
Milk (1 Liter)$1.02
Loaf Bread (500g)$0.71
Eggs (12)$1.22
Average Transport Prices
One Way Ticket$0.10
Monthly Pass$2.59
Gasoline$0.00
Average Utilities Prices
Basic (Water, Electricity, Garbage, Heating, Cooling)$8.62
1 min. of Prepaid Mobile Tariff Local$0.05
Internet (Unlimited Data, Cable/ADSL)$6.61
Average Leisure Prices
Fitness Club, Monthly Fee for 1 Adult$7.03
Tennis Court Rent (1 Hour)$5.40
Cinema, 1 Seat, International Release$2.00
Average Clothing Prices
1 Pair of Jeans (Levis 501 Or Comparable)$45.15
1 Summer Dress in a Chain Store (Zara, etc...)$41.94
1 Pair of Adidas Walking Shoes (Mid-Range)$82.67
Average Rent Prices
Apartment (1 bedroom) in City Center$190.00
Apartment (1 bedroom) Outside of Center$146.97
Apartment (3 bedrooms) in City Center$295.79

How Does the Average Person Spend Their Money in Venezuela?

Like in most countries and cities, an average person living in Venezuela spends the biggest part of their salary on food, but it’s extremely noticeable here, in Venezuela where the percentage of income that gets spent on food goes well beyond 40$.

Food takes up a lot more of people’s salaries than rent, which means that rent isn’t the most expensive aspect of living in Venezuela, but it’s definitely expensive.

Apart from rent and food, restaurants take up a huge part of overall expenses, along with transportation costs.

What’s interesting (and unique!) about this country is that it’s among the only ones where the expenses on clothing and shoes go well beyond both utilities expenses and expenses on sports and leisure.

Average Costs Breakdown

14.1%
43.8%
12.4%
2.3%
3.4%
6.4%
17.7%

Venezuela: Average Salary, Minimum Wage & Mortgages

A minimum wage in Venezuela is less than 7$ a month and average wage is less than 25$, making the Venezuelans that don’t have foreign assets or income (though there’s a few million that do) the poorest people in the world.

All this due, of course, to socialist economic measures that have destroyed commerce and industry, and thus – the wages.

An average monthly salary in Venezuela is only around 25$, which – to us is staggeringly low, but for them is just natural at this point.

If you’re renting – then paying all your bills and buying necessities is a bit more difficult.

Minimum wage in Venezuela is around 6$.

Average Salary$25.76
Minimum Wage$6.70
Mortgage Interest Rate20.39%

What About Travel Safety in Venezuela?

Venezuela Safety Overview

READ THE FULL REPORT: Venezuela Safety Review

Safety Index:
33
  • OVERALL RISK : HIGH
  • TRANSPORT & TAXIS RISK : MEDIUM
  • PICKPOCKETS RISK : HIGH
  • NATURAL DISASTERS RISK : MEDIUM
  • MUGGING RISK : HIGH
  • TERRORISM RISK : LOW
  • SCAMS RISK : HIGH
  • WOMEN TRAVELERS RISK : MEDIUM

Cost of Living by City in Venezuela

CityCost of Living Index
Caracas27.82

Where to Next?

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Or, browse the country/city indexes:

Cost of Living - Country Index Cost of Living - City Index

41 Reviews on Venezuela

  1. I would like to see what the apartment’s look like.

  2. E
    Ernest Pollard says:

    If rent of a studio apartment cost $140 a month but the average monthly salary is $25 how in F### can they live, this site makes no sense at all.

    1. A
      Anonymous says:

      Imagine 5 to 8 people crammed into a small apartment trying to make ends meet.

    2. Ignorance.

      In many countries, whole families of 5-8, or more live in a home. You lived privileged, so it is understandable that you wouldn’t understand this.

    3. privileged

      Coming from a relatively poorer country, we used to have 9 people crammed into 2 rooms, You probably come from a well privileged country where you can go to a hotel and blow your week’s wage on a single night hotel room, They are probably renting a 1 room apartment, or 2 families sharing one to keep costs down.

    4. This site is actually the most accurate on Venezuela living costs. Prices described are true and those places are in rich part of town. As mentioned in article, poverty is extreme and very hard for us in US to comprehend. Only 21% of country population actually can afford close to normal life. Rest of them, literally pick left overs from garbage. I have seen it with my own eyes, and I still have difficulties understanding how they are still alive.

      1. A
        Anonymous says:

        This is where the USA is heading if we don’t get rid of all the liberals and progressives.

        1. A
          Anonymous says:

          Pfft

          There’s a gigantic difference between Democratic socialism and a country that is run by an opportunist with no checks and balances.—- yeah sorta like that last guy——— smh.

        2. Reality for you

          Did you suggest we get rid of people in the united states, like some kimd of dictatorship or authoritarian regime like the maga tried to do on J6. Get out of fox news and look at other footage of the insurrection. Remember hang mike pence? Sounds like an authoritarian regime to me.

    5. I guess the page is meant for foreign people who want to live there. Obviously people with a low income can only afford housing in low income neighborhood.

  3. Is it a good place to live for a month

  4. V
    Vincent says:

    What are the three official exchange rate to dollar including the black marketrate

  5. A
    Anonymous says:

    That’s communism for you – even if prices seem low. It’s still unaffordable.

  6. J
    John Wood says:

    How long would $50 usd last buying food to cook at home

  7. T
    TheVenezuelanGuy says:

    @Ernest Pollard that is completely true. People cannot live anymore. The dictator Maduro took everything from the people. The economy is completely destroyed and this is an example of the socialistic aberration

  8. H
    Harold Earhart says:

    Would it be safe for older Canadians to vacation in porta la cruz in Febuary?

    1. A
      Anonymous venezuelan born says:

      Do not travel to Venezuela

      Not in Puerto La Cruz or any city in the country. Be aware! You will be tagged by the “authorities” and subject to kidnaping. If lucky, you’ll live to tell the story. My brother was an airline pilot, kidnaped twice, survived because he faked his death. His credentials were stolen to gain access to airport facilities. Do yourself a favor: Don’t go , even if you are a progressive/socialist loving left wing. Venezuelan authorities don’t care even if you sympathize with them

      1. C
        Crystal V says:

        I’m wondering what the Venezuelan government does with the billions of US tax payer money that they got between Obama and Biden. Privileged? Americans go to work everyday to pay for our housing, we don’t all own houses and our homeless rate has increased since Biden took over, I’ve been homeless before, there’s no privilege in being homeless. Besides, Venezuela has the lithium mines.

    2. NOT SAFE

      No , you wouldn’t be safe EVER hire bodyguards, a local guide to keep you from saying too much or getting involved in a delicate situation SPECIALLY if you don’t speak Spanish DO NOT talk to strangers and DO NOT offer money to anyone, keep to yourself, plan ahead of everything, plan your transportation to and from the airport (there’s actually bulletproof cabs for international travelers) if you don’t wanna bother with any of this either hire a private security detail or don’t go down there at all, I used to live there . You gotta be on edge at all times, it is BY NO MEANS safe.

  9. S
    Stephen Wilcox says:

    Sounds scary to me.
    Retired on social security.

  10. A
    Anonymous says:

    @Harold E. I wouldn’t recommend it. Venezuela in general is not safe.

    @Ernest P. The Venezuelan people do magic with their salary. They can stretch it a long way. It is very sad The situation that the Venezuelan people are living now days. Maybe one day they don’t eat or one month they don’t pay rent. Too sad.

  11. You say that the food is the cheapest in the world, yet it is $100 per month. I live in the UK, which is one of the most expensive places in the world. I can shop for £15 per week, toiletries, 3 meals a day and snacks. That is £60 (about $80) so, no $100 is not cheap.

    Nobody I know, and I know people from all around thw world, spends most of their money on food. It is rent that takes up the largest portion of peoples salary.

    As one of the comments said above: how are you going to tell me that the usual wage is $25, but the rent is $150 per month, for a cheap place? Even though Venezuelans get given food stamps, that maths is not physically possible, as they would be homeless, starve and be in mass amounts of debt still.

    1. This is an example of someone that doesn’t know until he had seen it and experienced it with his own eyes.
      Please take some time and read up on the situation is with Venezuela.

  12. R
    Raphael says:

    Coming to the USA courtesy election fraud and the democrats.

    1. A
      Anonymous says:

      Agreed. This is the way America is going. Donald Trump said, “They want you to be like Venezuela.” Venezuela a once prospering country brought to their knees and impoverished. America learn from the Venezuelans how to live. This is where we are going.

  13. H
    Harold Earhart says:

    Canada is a wonderful place to live but in the winter it can be exspensive and cold. We will get about $1900 per month if the the math is right we could live very comfortably and still save for air fare back in summer .Mexico was amazing WE don’t wear the newest clothing or spend on high end stuff to show off. We spend on site seeing and food, schools and people who treat us well. We don’t have any thing to steal. $1.00=1,500,000ves I was there in 1986 and loved it Is there still a Troppy burger there.

  14. A
    Anonymous says:

    @Mikey
    I would think both parents and all of their children would be working from a young age. This would allow them to barely have enough to make rent.

  15. A
    A venezuelan expat says:

    My home town Caracas very different from the rest of the country as standard of living is concerned nowadays, with few exceptions, Valencia etc.. First most of the middle class owns its living space. Therefore renters are few and far between, mostly foreigners or persons who left the country and/or for some reason sold their house/apartments in the past at higher prices. In the latter cases they earn and/or have savings in dollars. The economy is a disaster since some years now therefore very polarized btw the have and have nots. For instance to fill up your tank when there is fuel to begin with you either spend hours at a subsidized price or pay pretty much the equivalent of $2 a gallon. In other words a very anachronic economy in some things very inexpensive yet in other things impossible for the persons who have no access to foreign exchange. Nowadays end of January 2021 you would need aprox. $ 1000 a month for rent, food, etc.

  16. does Venezuela have a teacher’s union? does the Venezuelan gov’t. enforce propaganda in their school system?

  17. S
    South American traveler says:

    So what is the realistic salary for the average person who does unskilled labor but still can afford a phone? The article mentioned $25 USD/month. Is that realistic in 2021 with dollars now being allowed as currency in Venezuela (or only in Caracas)?

  18. J
    Jenica Capitanescu says:

    I read about Venezuela almost all day. I am interested because my health is severely affected because of cold weather. Barely walking because of fibromyalgia symptoms during cold, so I know getting better means moving somewhere else where is hot always but also where I can be on freshwater, not swimming pools. Seams Venezuela has it. My fixed income after retirement is about $25,500/ year which could help me be better there, even stress-free not as in Canada asking for help from a food bank. Is ridiculous after working hard in Canada since 1981 ending up with such a small amount. If anyone can advise please do so.

    1. M
      Malaysian says:

      If you like hot weather and looking for a retirement place, read up about Southeast Asia country or my home country in Malaysia. Despite all the scandal news going about, Malaysia is a nice place to visit or even retire.

  19. T
    TaoPaiPai says:

    Dude, this information is not accurate, with 100$ you can buy some stuff if you live alone and modest but food is expensive, and if you rent a apartament you need to pay the first six months, and a decent apartament could be from 200 to 1500 if you want sometime like altamira. The milk is expensive here, a litre of milk can cost even 3$ and clothes? well a nice shirt can cost 25 and pant 15, shoes? well if you want decent shoes you can but a par with 50$. If you want to live like a king and buy a decent apartament in a middle class place you can pay 50k$ to 1.000.000 or even more depends the place. This is not a cheap place to live.

  20. P
    Phillippe Alejandro says:

    I was living in Cumaná between 1984 to the mid 90. A real paradise. I´m now living in Thailand since 2006. 2 different words. Unfortunately did I left my heart and son there. I’m, at 69, thinking to return. But the turbulence is confusing. Do I suppose to smuggle in a suitcase full of $??? In 2004-7 was it advisable to use a reliable source to change $ to Boliváres. And take a trip to Curacao and refuel with $.

  21. @Mikey you eating baked beans and bread.

  22. In abject poverty mostly. Or with assistance from relatives outside of the country. It’s not really that complicated.

  23. Good luck getting that suitcase into the country and not stolen by customs. Skip it, the country is a complete disaster now. Very dangerous too. Everyone who can is leaving, it would be insane to immigrate there.

  24. Just too bad.....

    The land and the women are beautiful! It’s too bad that the quality of life there is subpar. Though it sounds inviting to pack up and find refuge in one of the many fine apartments there, the risk factor just may not be worth it. I would love to see how far my USD would go (Which I know would go far). I would get me an apartment, a couple beautiful live-in ladies and have fun.

  25. A
    Anonymous says:

    If we don’t stop republicans. They’ll turn us into Venezuela and charge women with murder if they miscarry for any reason.

  26. A
    Anonymous says:

    What would it cost to sponsor an a person to come to the US to live from that country?

  27. D
    David Roy Griffin says:

    Quit blaming it on Socialism.

    Venezuela is in urgent need to reconstruct its devastated healthcare system, secure sustainable food and medication access. For over 15 years, the United States has imposed sanctions in response to activities of the Venezuelan government and Venezuelan individuals. The Obama Administration imposed targeted sanctions against individuals for antidemocratic actions and the Trump Administration then imposed sanctions on Venezuela’s state oil company PDVSA), crimpling their economy. Quit blaming it on Socialism.

Rated 3.66 / 5 based on 41 user reviews.

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