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Caracas, Venezuala

Cost of Living in Venezuela

By Betsy Burlingame

Last updated on May 07, 2023

Summary: The cost of living in Venezuela is generally quite low compared to other countries. A nice 1 bedroom apartment in Venezuela can cost anywhere from $200 to $400 US Dollars per month, while a nice 2 bedroom apartment can cost anywhere from $400 to $800 US Dollars per month. Dinner at a moderately priced restaurant in Venezuela can cost anywhere from $10 to $20 US Dollars per person.

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Is the cost of living in Venezuela high?

We asked people how much they someone comfortably live on in Venezuela, they wrote:

"The cost of living in Venezuela is generally quite low, with basic necessities such as food and transportation being relatively inexpensive. However, due to the country's economic crisis, the cost of living has been steadily increasing in recent years. Inflation has been particularly high, with prices for basic goods and services rising significantly. Additionally, the availability of certain goods and services can be limited due to shortages, making them more expensive," said one expat in Venezuela.

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Will I save money living in 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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