Cost of Living 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.



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.



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.



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 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


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 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 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

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.

Utilities (Monthly)
Sports & Leisure
Clothing & Shoes
Rent Per Month

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%

Cost of Living by City in Venezuela

*Click the name of the city for more information.

City Cost of Living Index
Caracas 27.82


  1. Sleem

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

  2. Ernest Pollard

    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.

  3. Paddy

    Is it a good place to live for a month

  4. Vincent

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

  5. Anonymous

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

  6. John Wood

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

  7. TheVenezuelanGuy

    @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. Harold Earhart

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

  9. Stephen Wilcox

    Sounds scary to me.
    Retired on social security.

  10. Anonymous

    @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. Mikey

    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.

  12. Raphael

    Coming to the USA courtesy election fraud and the democrats.

  13. Harold Earhart

    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. Anonymous

    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 venezuelan expat

    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. ms. m

    does venezuela have a teacher’s union? does the venezuelan gov’t. enforce propaganda in thei r school system?


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