Cost of Living in Venezuela

If you've ever considered moving to Venezuela, one of the first questions that likely crossed your mind is, "What is the cost of living in Venezuela?" After all, it's essential to have a clear picture of your potential expenses before making such a life-changing decision. At this page, we'll dive into the nitty-gritty of the cost of living in Venezuela and whether the reported $1159 per month figure aligns with the average monthly salary of $192.19.

Restaurants
Markets
Transportation
Childcare
Clothing
Rent Per Month
Buy Apartment
Salaries
Venezuela
restaurant

Restaurants

Price

World Range

Meal, Inexpensive Restaurant

10.0 $

Meal for 2 People, Mid-range Restaurant, Three-course

50.0 $

McMeal at McDonalds (or Equivalent Combo Meal)

9.0 $

Domestic Beer (1 pint draught)

1.25 $

Imported Beer (12 oz small bottle)

2.0 $

Cappuccino (regular)

1.63 $

Coke/Pepsi (12 oz small bottle)

1.09 $

Water (12 oz small bottle)

0.82 $

store

Markets

Price

World Range

Milk (regular), (1 gallon)

1.71 $

Loaf of Fresh White Bread (1 lb)

2.13 $

Rice (white), (1 lb)

1.09 $

Eggs (regular) (12)

2.05 $

Local Cheese (1 lb)

4.42 $

Chicken Fillets (1 lb)

5.11 $

Beef Round (1 lb) (or Equivalent Back Leg Red Meat)

5.63 $

Apples (1 lb)

4.27 $

Banana (1 lb)

0.95 $

Oranges (1 lb)

1.26 $

Tomato (1 lb)

1.34 $

Potato (1 lb)

1.34 $

Onion (1 lb)

1.62 $

Lettuce (1 head)

0.99 $

Water (1.5 liter bottle)

1.22 $

Bottle of Wine (Mid-Range)

8.0 $

Domestic Beer (0.5 liter bottle)

1.22 $

Imported Beer (12 oz small bottle)

2.12 $

Cigarettes 20 Pack (Marlboro)

3.0 $

commute

Transportation

Price

World Range

One-way Ticket (Local Transport)

0.5 $

Monthly Pass (Regular Price)

30.0 $

Taxi Start (Normal Tariff)

4.0 $

Taxi 1 mile (Normal Tariff)

2.0 $

Taxi 1hour Waiting (Normal Tariff)

10.0 $

Gasoline (1 gallon)

0.5 $

Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car)

32500.0 $

Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car)

30400.0 $

mark_as_unread

Utilities (Monthly)

Price

World Range

Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment

18.17 $

1 min. of Prepaid Mobile Tariff Local (No Discounts or Plans)

0.07 $

Internet (60 Mbps or More, Unlimited Data, Cable/ADSL)

43.16 $

kitesurfing

Sports And Leisure

Price

World Range

Fitness Club, Monthly Fee for 1 Adult

38.42 $

Tennis Court Rent (1 Hour on Weekend)

11.75 $

Cinema, International Release, 1 Seat

6.0 $

child_friendly

Childcare

Price

World Range

Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child

65.28 $

International Primary School, Yearly for 1 Child

11033.33 $

checkroom

Clothing And Shoes

Price

World Range

1 Pair of Jeans (Levis 501 Or Similar)

43.59 $

1 Summer Dress in a Chain Store (Zara, H&M, ...)

34.38 $

1 Pair of Nike Running Shoes (Mid-Range)

67.05 $

1 Pair of Men Leather Business Shoes

67.76 $

night_shelter

Rent Per Month

Price

World Range

Apartment (1 bedroom) in City Centre

227.5 $

Apartment (1 bedroom) Outside of Centre

217.61 $

Apartment (3 bedrooms) in City Centre

463.35 $

Apartment (3 bedrooms) Outside of Centre

352.6 $

home

Buy Apartment Price

Price

World Range

Price per Square Feet to Buy Apartment in City Centre

653.27 $

Price per Square Feet to Buy Apartment Outside of Centre

666.41 $

account_balance_wallet

Salaries And Financing

Price

World Range

Average Monthly Net Salary (After Tax)

192.19 $

Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate

25.87 %

Venezuela

How Safe Is Venezuela for Travel?
Warnings & Dangers in Venezuela

OVERALL RISK: HIGH

Venezuela is not safe for foreigners. Keep that in mind while you plan your trip to your country, remain vigilant at all times as both petty and violent crimes exist in abundance here. Apply maximum possible precaution measures.

TRANSPORT & TAXIS RISK: MEDIUM

Pickpockets operate mostly in buses and subway stations so be careful. Know that the roads are also extremely dangerous as carjacking is a regular occurrence. Buses and trains are also known for robberies.

PICKPOCKETS RISK: HIGH

Pickpockets are virtually everywhere in Venezuela. Pickpocketing and bag snatching are the most common forms of petty crime. Refrain from wearing anything remotely valuable outside.

NATURAL DISASTERS RISK: MEDIUM

As for the natural disasters that hit Venezuela, you can expect floods, earthquakes, and hurricanes. Floods are expected mostly in the period between May and December while the hurricane season lasts from June to November.

MUGGING RISK: HIGH

Violent crimes are also the norm here, and kidnappings as well. There's a new expression developed in this country, "express kidnapping" which means foreigners being kidnapped and possibly tortured until they use their credit card to empty their account and give their money to the muggers. Be extremely careful everywhere.

TERRORISM RISK: LOW

There haven't been any terrorist attacks in Venezuela's recent history. However, they shouldn't be ruled out, so be aware of your surroundings at all times.

SCAMS RISK: HIGH

Be wary of the so-called "virtual kidnappings". Locals in Venezuela generally never complete questionnaires or surveys because they're actually scams devised in order to collect information on you and your family members. Also, don't fall for the airport tax scam: be careful not to get overcharged when paying airport tax for both international and domestic flights.

WOMEN TRAVELERS RISK: MEDIUM

Many women have traveled to Venezuela without having negative experiences. The fact is, it is no more dangerous to women than it is to men. However, do not walk alone, especially after dark, as you might be perceived as an easier target to muggers and robbers.

Useful Information & Tips
credit_card

Visas

Most countries do need a visa in order to enter Venezuela and they cannot be acquired upon arrival or at any of the airports. Make sure your passport is valid for at least 6 months from the date of arrival in Venezuela. If you are not sure about your visa status, visit www.doyouneedvisa.com which will let you know whether or not you need a visa based on your nationality and the country you want to visit.

currency_exchange

Currency

There are two currencies in Venezuela: Venezuelan Bolivar and Petro. ATMs are widespread throughout the country, but they don't all accept foreign credit cards. Banco Provincial and Mercantil accept foreign cards. Credit cards are accepted in most establishments in major cities.

cloudy_snowing

Weather

Venezuela has mostly tropical climate, on the coastline and even in the lowland areas. However, the mountainous region of the country is much cooler, with temperatures there dropping to as low as 9°C. Venezuela has a rainy season that lasts from May to December, and a hurricane season that lasts from June to November.

flight_takeoff

Airports

Simón Bolívar International Airport is the main international airport located in Maiquetía, Vargas. It is located about 21 km from downtown Caracas.

health_and_safety

Travel Insurance

Just like anywhere else, we recommend getting travel insurance when traveling to Venezuela, since it covers not only the costs of medical problems but also theft and loss of valuables.