Cost of living in Venezuela

Venezuela, a South American country known for its rich culture and natural beauty, also has its own set of advantages and opportunities for its residents. One of the key benefits of living in Venezuela is the abundance of natural resources, particularly oil. This has allowed the country to develop a strong economy and provide its citizens with various employment opportunities in the energy sector.

Another advantage of living in Venezuela is the low cost of living. Due to government-subsidized essential goods and services, such as food, housing, and education, the cost of living in the country is relatively lower compared to many other nations. This affordability can be especially beneficial for those with limited financial means.

Venezuela’s diverse geography also offers its residents numerous opportunities for outdoor activities and ecotourism. With a beautiful coastline, stunning mountains, and lush rainforests, individuals can engage in activities like surfing, hiking, and wildlife exploration.

Additionally, Venezuela prides itself on its vibrant cultural scene. The country has a rich history and is home to several UNESCO World Heritage sites, including the colonial city of Coro and Canaima National Park. Residents can immerse themselves in cultural festivals, music, art exhibitions, and traditional cuisine, allowing them to experience the unique heritage of the country.

However, it is important to note that Venezuela currently faces significant challenges, including a political and economic crisis that has resulted in hyperinflation, scarcity of basic goods, and social unrest. These difficulties have affected the quality of life for many Venezuelans and should be taken into consideration when evaluating the overall benefits of living in the country.

Average salaries in Venezuela

Here are some examples of average monthly earnings for popular positions in Venezuela:

1. Teacher: The average monthly salary for a teacher in Venezuela is around 5,000,000 VES (approximately 10 EUR or 12 USD).

2. Salesperson: A salesperson in Venezuela earns an average monthly salary of about 3,000,000 VES (approximately 6 EUR or 7 USD).

3. Driver: The average monthly earnings for a driver in Venezuela is around 4,000,000 VES (approximately 8 EUR or 9 USD).

Please note that these figures are approximate and can vary depending on factors such as experience, location, and industry. It’s important to mention that Venezuela has been facing a severe economic crisis, with hyperinflation and a rapidly depreciating currency. As a result, the purchasing power of the local currency has significantly decreased, making it challenging for individuals to meet their basic needs and maintain a decent standard of living.

Food prices in Venezuela

Meals in restaurants

Here are some examples of meal prices in restaurants in Venezuela:

1. Arepa (traditional Venezuelan cornbread filled with various ingredients): 500 VES (0.50 EUR / 0.60 USD)

2. Pabellón Criollo (national dish consisting of shredded beef, black beans, rice, and fried plantains): 2,000 VES (2 EUR / 2.40 USD)

3. Cachapa (sweet corn pancake filled with cheese): 800 VES (0.80 EUR / 0.95 USD)

4. Empanada (fried pastry filled with meat, cheese, or vegetables): 300 VES (0.30 EUR / 0.35 USD)

5. Pollo a la Brasa (rotisserie chicken with sides): 3,500 VES (3.50 EUR / 4.20 USD)

6. Asado Negro (slow-cooked beef in a sweet and savory sauce): 4,000 VES (4 EUR / 4.80 USD)

7. Ceviche (marinated seafood dish): 2,500 VES (2.50 EUR / 3 USD)

8. Pescado Frito (fried fish with sides): 3,000 VES (3 EUR / 3.60 USD)

9. Sopa de Mondongo (tripe soup): 1,500 VES (1.50 EUR / 1.80 USD)

10. Pasticho (Venezuelan-style lasagna): 2,500 VES (2.50 EUR / 3 USD)

Please note that these prices are approximate and can vary depending on the location and type of restaurant. The current economic situation in Venezuela has led to high inflation, so prices may change rapidly. It’s always a good idea to check the latest prices before dining out.

Grocery shopping

Here is a list of basic food products and their prices in Venezuela:

1. Rice: 1 kg – 500,000 VES (0.50 EUR / 0.60 USD)

2. Pasta: 500 g – 400,000 VES (0.40 EUR / 0.48 USD)

3. Flour: 1 kg – 600,000 VES (0.60 EUR / 0.72 USD)

4. Sugar: 1 kg – 700,000 VES (0.70 EUR / 0.84 USD)

5. Milk: 1 liter – 1,200,000 VES (1.20 EUR / 1.44 USD)

6. Eggs: 12 pieces – 1,500,000 VES (1.50 EUR / 1.80 USD)

7. Chicken: 1 kg – 2,000,000 VES (2.00 EUR / 2.40 USD)

8. Beef: 1 kg – 3,500,000 VES (3.50 EUR / 4.20 USD)

9. Bread: 1 loaf – 800,000 VES (0.80 EUR / 0.96 USD)

10. Oil: 1 liter – 1,000,000 VES (1.00 EUR / 1.20 USD)

Please note that these prices are approximate and can vary depending on the location and availability of the products. The economic crisis in Venezuela has led to hyperinflation, making it difficult to provide accurate and up-to-date prices. Additionally, the prices mentioned here are based on the official exchange rate, but there is a significant difference between the official rate and the black market rate. This means that the prices in euros and dollars may not reflect the actual purchasing power of the local currency.

Cafes and bars

The average prices of beverages served in bars and cafes in Venezuela are as follows:

1. Coffee (Café): 1,500 VES (0.50 EUR / 0.60 USD)

2. Soft drinks (Refrescos): 2,000 VES (0.67 EUR / 0.80 USD)

3. Bottled water (Agua mineral): 1,500 VES (0.50 EUR / 0.60 USD)

4. Fruit juice (Jugo de frutas): 2,500 VES (0.83 EUR / 1.00 USD)

5. Beer (Cerveza): 3,000 VES (1.00 EUR / 1.20 USD)

6. Wine (Vino): 5,000 VES (1.67 EUR / 2.00 USD)

7. Cocktails (Cocteles): 6,000 VES (2.00 EUR / 2.40 USD)

Please note that these prices are approximate and may vary depending on the location and establishment. The current economic situation in Venezuela has led to high inflation and fluctuating prices. It is advisable to check with specific bars and cafes for the most up-to-date prices.

In summary, the average prices of beverages in bars and cafes in Venezuela are relatively affordable compared to European and American standards. However, it is important to consider the economic challenges faced by the country, which may affect the availability and pricing of certain items.

Accomodation

Flat rental in Venezuela

The approximate costs of renting apartments in Venezuela are as follows:

1. Studio apartment in the city center: 1,500,000 VES per month (approximately 15 EUR or 18 USD)

2. One-bedroom apartment in the city center: 2,500,000 VES per month (approximately 25 EUR or 30 USD)

3. Three-bedroom apartment in the city center: 4,500,000 VES per month (approximately 45 EUR or 55 USD)

4. Studio apartment outside the city center: 1,000,000 VES per month (approximately 10 EUR or 12 USD)

5. One-bedroom apartment outside the city center: 1,800,000 VES per month (approximately 18 EUR or 22 USD)

6. Three-bedroom apartment outside the city center: 3,000,000 VES per month (approximately 30 EUR or 36 USD)

Please note that these prices are approximate and can vary depending on the location, size, and condition of the apartment. Additionally, due to the economic situation in Venezuela, the prices may change rapidly. It is advisable to consult local real estate agencies or online platforms for the most up-to-date information on rental prices.

Buy a house or apartament in Venezuela

– Średnia cena zakupu domu w Wenezueli wynosi około 300 000 000 VES (ok. 1 000 EUR, ok. 1 200 USD).

– Średnia cena zakupu mieszkania w Wenezueli wynosi około 150 000 000 VES (ok. 500 EUR, ok. 600 USD).

– Ceny nieruchomości w Wenezueli mogą się znacznie różnić w zależności od lokalizacji, rozmiaru, stanu i innych czynników.

– W niektórych ekskluzywnych dzielnicach Caracas, stolicy Wenezueli, ceny domów mogą sięgać nawet kilku milionów VES (kilku tysięcy EUR, kilku tysięcy USD).

– W mniejszych miastach i na obszarach wiejskich ceny nieruchomości mogą być znacznie niższe, np. około 100 000 000 VES (ok. 330 EUR, ok. 400 USD) za dom.

– W ostatnich latach inflacja w Wenezueli była bardzo wysoka, co wpłynęło na wzrost cen nieruchomości.

– Warto zauważyć, że ze względu na trudną sytuację gospodarczą i polityczną w Wenezueli, rynek nieruchomości może być niestabilny, a ceny mogą się zmieniać szybko.

– Przed zakupem nieruchomości w Wenezueli zaleca się skonsultowanie się z lokalnymi ekspertami i dokładne zbadanie rynku.

Transport in Venezuela

Public transport

Here is a list of different forms of public transportation in Venezuela and their approximate prices in the local currency, bolivar (VEF), as well as in euros (EUR) and US dollars (USD):

1. Metro: The metro system in Caracas charges a fare of around 0.50 VEF (0.001 EUR / 0.0012 USD) per ride.

2. Bus: The bus fares vary depending on the distance traveled. Short trips within the city usually cost around 0.50 VEF (0.001 EUR / 0.0012 USD), while longer trips can cost up to 2 VEF (0.004 EUR / 0.0048 USD).

3. Colectivo: Colectivos are shared vans or minibusses that operate on fixed routes. The fare for a colectivo ride is typically around 1 VEF (0.002 EUR / 0.0024 USD).

4. Tram: The tram system in Maracaibo charges a fare of approximately 1 VEF (0.002 EUR / 0.0024 USD) per ride.

5. Cable Car: The cable car ride to the top of Ávila Mountain in Caracas costs around 10 VEF (0.02 EUR / 0.024 USD) for a round trip.

6. Ferry: The ferry service between mainland Venezuela and the islands of Margarita and Coche has varying fares depending on the route and the type of cabin. Prices can range from 10 VEF (0.02 EUR / 0.024 USD) to 50 VEF (0.1 EUR / 0.12 USD) per person.

Please note that these prices are approximate and may vary depending on the location and current economic conditions in Venezuela. It is always recommended to check the latest fares before using public transportation.

Fuel prices

Here are some examples of fuel prices in Venezuela:

– Gasoline (95 octane): 5,000 VES per liter (0.01 EUR or 0.01 USD)

– Diesel: 3,000 VES per liter (0.006 EUR or 0.007 USD)

Please note that these prices are approximate and may vary depending on the location and current economic situation in Venezuela. The country has been facing hyperinflation and economic instability, which has led to frequent changes in fuel prices.

It is important to mention that the Venezuelan government heavily subsidizes fuel prices, making them one of the cheapest in the world. This subsidy has been in place for many years, aiming to provide affordable fuel to the population. However, it has also contributed to smuggling and fuel shortages in the country.

Due to the economic crisis, the government has occasionally adjusted fuel prices, but they still remain significantly lower compared to international standards. The low fuel prices have been a controversial topic, as they have led to smuggling and the use of subsidized fuel for illegal activities.

In recent years, there have been discussions about gradually increasing fuel prices to reduce the fiscal burden on the government and promote more efficient use of resources. However, any changes in fuel prices are highly sensitive and can have significant social and economic implications in Venezuela.

Vehicles rental

Here are some examples of rental prices for vehicles in Venezuela:

1. Car rental:

– Economy car: 50,000 VES per day (approximately 5 EUR or 6 USD)

– Mid-size car: 80,000 VES per day (approximately 8 EUR or 10 USD)

– SUV: 120,000 VES per day (approximately 12 EUR or 15 USD)

2. Scooter rental:

– 50cc scooter: 30,000 VES per day (approximately 3 EUR or 4 USD)

– 125cc scooter: 50,000 VES per day (approximately 5 EUR or 6 USD)

– 250cc scooter: 80,000 VES per day (approximately 8 EUR or 10 USD)

Please note that these prices are approximate and may vary depending on the rental company, location, and duration of the rental. It’s always recommended to check with local rental agencies for the most accurate and up-to-date prices.

Venezuela has been facing a severe economic crisis, with hyperinflation and a rapidly depreciating currency. Therefore, it’s important to keep in mind that these prices may change frequently due to the volatile economic situation in the country.

Entertainment prices in Venezuela

In Venezuela, the prices of various forms of entertainment can vary depending on the location and type of activity. Here is a list of some common forms of entertainment and their approximate prices in Venezuelan bolívars (VEF), euros (EUR), and US dollars (USD):

1. Movie ticket: 500 VEF (0.50 EUR, 0.60 USD)

2. Concert ticket: 1,000-10,000 VEF (1-10 EUR, 1.20-12 USD)

3. Theater ticket: 1,000-5,000 VEF (1-5 EUR, 1.20-6 USD)

4. Museum admission: 500-2,000 VEF (0.50-2 EUR, 0.60-2.40 USD)

5. Theme park admission: 2,000-10,000 VEF (2-10 EUR, 2.40-12 USD)

6. Sports event ticket: 1,000-5,000 VEF (1-5 EUR, 1.20-6 USD)

7. Nightclub cover charge: 1,000-5,000 VEF (1-5 EUR, 1.20-6 USD)

8. Bowling game: 500-1,000 VEF (0.50-1 EUR, 0.60-1.20 USD)

9. Karaoke session: 500-2,000 VEF (0.50-2 EUR, 0.60-2.40 USD)

10. Escape room experience: 2,000-5,000 VEF (2-5 EUR, 2.40-6 USD)

Please note that these prices are approximate and can vary depending on the specific venue, location, and time of year. Additionally, due to the economic situation in Venezuela, prices may fluctuate rapidly. It is always recommended to check the current prices before planning any entertainment activities.

Basic services in Venezuela

Here is a list of basic services and their approximate prices in Venezuela:

1. Cinema ticket: 500,000 VES (0.50 EUR / 0.60 USD)

2. Haircut: 1,000,000 VES (1 EUR / 1.20 USD)

3. Beauty salon (manicure/pedicure): 1,500,000 VES (1.50 EUR / 1.80 USD)

4. Massage (1 hour): 3,000,000 VES (3 EUR / 3.60 USD)

5. Car mechanic (hourly rate): 2,000,000 VES (2 EUR / 2.40 USD)

Please note that these prices are approximate and can vary depending on the location and quality of the service. It’s also important to mention that due to the hyperinflation and economic crisis in Venezuela, prices can change rapidly.

Venezuela has been facing severe economic challenges in recent years, with hyperinflation reaching unprecedented levels. The local currency, the Venezuelan bolivar (VES), has significantly depreciated, leading to skyrocketing prices for goods and services. This has made it extremely difficult for the average Venezuelan to afford basic necessities, let alone luxury services.

The prices mentioned above are just a snapshot of the current situation and may not reflect the reality in the future. The economic instability in Venezuela has made it challenging for businesses to operate and maintain consistent pricing. Additionally, the availability of certain services may be limited due to the scarcity of resources and the ongoing economic crisis.

It’s important to keep in mind that these prices are subject to change and may not accurately represent the current situation in Venezuela. The economic conditions in the country are highly volatile, and it’s advisable to consult local sources or individuals for the most up-to-date information.

Healthcare

Here is a list of prices related to private healthcare in Venezuela:

1. Visit to a specialist doctor: Approximately 10,000,000 VES (10 EUR / 12 USD)

2. Visit to a dentist: Approximately 8,000,000 VES (8 EUR / 10 USD)

3. Eye examination by an ophthalmologist: Approximately 6,000,000 VES (6 EUR / 7 USD)

4. Dental cleaning: Approximately 5,000,000 VES (5 EUR / 6 USD)

5. X-ray: Approximately 4,000,000 VES (4 EUR / 5 USD)

6. Blood tests: Approximately 3,000,000 VES (3 EUR / 4 USD)

7. Ultrasound: Approximately 12,000,000 VES (12 EUR / 14 USD)

8. MRI scan: Approximately 40,000,000 VES (40 EUR / 47 USD)

9. CT scan: Approximately 30,000,000 VES (30 EUR / 35 USD)

10. Vaccination: Approximately 2,000,000 VES (2 EUR / 2.5 USD)

Please note that these prices are approximate and can vary depending on the location and specific healthcare provider. The economic situation in Venezuela has led to hyperinflation, making it difficult to provide exact prices. It is important to consult with healthcare providers directly for the most accurate and up-to-date information.

Vacations and trips

Here is a list of prices related to vacations and trips in Venezuela:

1. Accommodation:

– Budget hotel: 50,000 VES per night (approximately 0.50 EUR or 0.60 USD)

– Mid-range hotel: 150,000 VES per night (approximately 1.50 EUR or 1.80 USD)

– Luxury hotel: 300,000 VES per night (approximately 3 EUR or 3.60 USD)

2. Transportation:

– Public bus: 5,000 VES for a short ride (approximately 0.05 EUR or 0.06 USD)

– Taxi: 20,000 VES for a short ride (approximately 0.20 EUR or 0.24 USD)

– Domestic flight: 500,000 VES for a one-way ticket (approximately 5 EUR or 6 USD)

3. Food and drinks:

– Local restaurant: 20,000 VES for a basic meal (approximately 0.20 EUR or 0.24 USD)

– Fast food meal: 15,000 VES (approximately 0.15 EUR or 0.18 USD)

– Bottle of water: 5,000 VES (approximately 0.05 EUR or 0.06 USD)

– Local beer: 10,000 VES (approximately 0.10 EUR or 0.12 USD)

4. Activities and attractions:

– Entrance fee to a national park: 10,000 VES (approximately 0.10 EUR or 0.12 USD)

– Guided tour: 50,000 VES per person (approximately 0.50 EUR or 0.60 USD)

– Boat trip to an island: 100,000 VES per person (approximately 1 EUR or 1.20 USD)

Please note that these prices are approximate and can vary depending on the location and season. It’s always a good idea to check the current exchange rates and prices before planning your trip to Venezuela.

Clothes and accessories

The average prices of clothing and accessories in Venezuela are as follows:

1. T-shirts: $5-10 (€4-8)

2. Jeans: $15-30 (€12-24)

3. Dresses: $20-40 (€16-32)

4. Shoes: $30-60 (€24-48)

5. Handbags: $20-50 (€16-40)

6. Sunglasses: $10-20 (€8-16)

7. Hats: $5-15 (€4-12)

8. Belts: $10-20 (€8-16)

9. Scarves: $5-15 (€4-12)

10. Jewelry: $10-30 (€8-24)

Please note that these prices are approximate and can vary depending on the brand, quality, and location of the store. The current economic situation in Venezuela has led to high inflation and fluctuating prices, so it is advisable to check the latest prices before making a purchase.

It is important to mention that the local currency used in Venezuela is the Venezuelan bolívar (VEF). However, due to the hyperinflation and the unstable exchange rate, it is difficult to provide an accurate conversion to euros or US dollars. Therefore, the approximate values in euros and US dollars mentioned above are based on the exchange rate at the time of writing and may not reflect the current situation.