Cost of Living in Venezuela
Last updated on Nov 27, 2021
Summary: What is the cost of living in Venezuela? Expats, digital nomads and retirees living in Venezuela talk about the general living costs, the cost of housing and health insurance.
Will I save money living in Venezuela?
"Financially, I live very well because the $ has gone up 800% inflation is enormous," said another expat in Porlamar.
What is the average cost of housing in Venezuela?
If you are thinking about moving to Venezuela, cost of living in probably a key consideration. Expats commented about the cost of housing:
"In comparison to South Florida, housing prices are much more expensive. There are expats who pay 3,000 Euro for a 3 bedroom, two bathroom apartment. I would say the average cost for a 2 bedroom, 2 bathroom apartment is about $1,200," explained one expat living in Caracas.
"The housing average I don't know. But I know I'm paying a lot more in house and a lot less in the electrical bill," said another expat in Maracaibo.
About the Author
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.