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Living in Venezuela: Cost of Living, Healthcare and What to Know About Living in Venezuela | Expat Exchange
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Caracas, Venezuala

Living in Venezuela

By Betsy Burlingame

Last updated on May 09, 2024

Summary: The approximate population of Venezuela is 31 million people. The largest cities in Venezuela are Caracas (the capital), Maracaibo, Valencia, Barquisimeto, and Maracay. Expats love living in Venezuela for its beautiful beaches, vibrant culture, and friendly people. Life in Venezuela is described as being full of energy and excitement, with a strong sense of community and a relaxed atmosphere. Popular foods in Venezuela include arepas (corn cakes), cachapas (corn pancakes), empanadas (stuffed pastries), and pabellón criollo (a dish of rice, black beans, and shredded beef). The cons of living in Venezuela include a high crime rate, a weak economy, and a lack of basic services. The average cost of living for an expat is around $1,000-$1,500 per month in US dollars. This includes rent, utilities, food, and other basic expenses.

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What do I need to know about living in Venezuela?

When we asked people what advice they would give someone preparing to move to Venezuela, they said:

"Before retiring in Venezuela, expats should be aware of the current political and economic situation in the country. It is important to research the cost of living and the availability of goods and services in the area they plan to live in. Expats should also be aware of the crime rate in Venezuela and take necessary precautions to ensure their safety. Additionally, expats should familiarize themselves with the local culture and customs to ensure a smooth transition into their new home. Lastly, expats should make sure to obtain the necessary visas and permits to legally reside in Venezuela," said one expat who made the move to Venezuela.

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About the Author

Betsy Burlingame Betsy Burlingame is the Founder and President of Expat Exchange and is one of the Founders of Digital Nomad Exchange. She launched Expat Exchange in 1997 as her Master's thesis project at NYU. Prior to Expat Exchange, Betsy worked at AT&T in International and Mass Market Marketing. She graduated from Ohio Wesleyan University with a BA in International Business and German.

Some of Betsy's articles include 12 Best Places to Live in Portugal, 7 Best Places to Live in Panama and 12 Things to Know Before Moving to the Dominican Republic. Betsy loves to travel and spend time with her family. Connect with Betsy on LinkedIn.

Caracas, Venezuala

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Flexible solutions allow you to tailor your cover to meet your needs and budget. Use Promocode: LIFE10 and get 10% off your international health insurance for life!
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