Cost of living in Venezuela, Latin America
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How much does it cost to live in Venezuela?

Country Latin America Updated July 2026

Priced in dollars, which is how daily life effectively works now: CostLiving tracks Venezuela at $840 a month on a tight budget, $1,400 at the moderate tier, and $2,170 for a comfortable single-person lifestyle. Caracas runs above the national figure at $1,775 a month moderate. Housing is the bargain line, around $291 a month at the moderate tier, a legacy of years of emigration leaving supply behind. Food is the expensive line relative to everything else, $358 a month, because so much is imported and dollar-priced. Two practical realities shape any foreignerโ€™s budget: the economy runs on cash dollars and informal exchange in ways that take adjusting to, and services that are cheap on paper (utilities, transport) come with reliability trade-offs, so most expats budget for backups, from water storage to generator access. Anyone weighing it against neighbours should note Colombiaโ€™s moderate benchmark of $1,175 buys more stability per dollar. Full figures on our Venezuela cost of living page.

About the author

Jo Berks

Jo Berks

Global Cost of Living Research & Data Analyst

Jo is an independent researcher with over a decade of experience delivering data, analysis, and structured reports across multiple industries. Her work focuses on sourcing and validating datasets to produce clear, usable insights. At CostLiving, she analyses global pricing data and identifies regional cost trends to support research-led content and comparative resources.

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