Last update: Oct 2026

Cost of Living Comparison Between Bogota and Isla de Margarita

For one person, living is cheaper in Isla de Margarita: $656 a month against $1,323 in Bogota, rent and utilities included – about $8,000 less a year. Rent and utilities account for most of the difference.

64

Cost of Living Index in Bogota
Learn more

Bogota Living Index

Jump to prices

Bogota

🇨🇴 Colombia

$1,323

/mo nomad

Isla de Margarita

🇻🇪 Venezuela

$656

/mo nomad

Monthly Cost of Living

How much you'll spend in Bogota and in Isla de Margarita

Real prices from locals and on-the-ground checks – rent, groceries, transit and the daily extras. Here's what a month in Bogota and in Isla de Margarita actually costs, broken down by who's living it.

A single person spends $1,323 per month in Bogota vs $656 in Isla de Margarita, rent included.

Bogota $1,323
Isla de Margarita $656

A couple spends around $2,110 per month in Bogota vs $1,223 in Isla de Margarita, rent included.

Bogota $2,110
Isla de Margarita $1,223

A family of three spends $2,897 per month in Bogota vs $1,790 in Isla de Margarita, rent included.

Bogota $2,897
Isla de Margarita $1,790

Bogota costs about 102% more than Isla de Margarita, and outside of rent the biggest gap is in transport.

Both Bogota and Isla de Margarita are more affordable than the global median – Bogota 2% lower, Isla de Margarita 51% lower.

Meal at Budget Restaurant

$7.65 COP 24.3K

$10.12 VES 8,883

-24.41%

Three-Course Dinner for Two, Mid-Range

$41.44 COP 131.4K

$80.7 VES 70.8K

-48.63%

Fast Food Meal (McDonalds, etc)

$10.38 COP 32.9K

Cappuccino

$2.53 COP 8,011

$2.54 VES 2,229

-0.39%

Coke/Pepsi/Fanta/Sprite (0.33 liter bottle)

$1.35 COP 4,277

$1.01 VES 890

33.66%

Water (0.33 liter bottle)

$0.87 COP 2,752

$1.49 VES 1,308

-41.61%

Local Beer (0.5 liter draught)

$2.06 COP 6,542

$1.02 VES 896

101.96%

Imported Beer (0.33 liter bottle)

$3.98 COP 12.6K

$2.98 VES 2,614

33.56%

Milk (1 liter)

$1.65 COP 5,240

$2.03 VES 1,786

-18.72%

White Bread (500g)

$2.40 COP 7,618

$2.92 VES 2,564

-17.81%

Rice (white) (1kg)

$1.69 COP 5,345

$1.98 VES 1,738

-14.65%

Eggs

$3.54 COP 11.2K

$2.33 VES 2,045

51.93%

Local Cheese (1kg)

$7.89 COP 25.0K

$7.93 VES 6,958

-0.50%

Chicken Fillets (1kg)

$7.30 COP 23.1K

$7.93 VES 6,964

-7.94%

Beef Round Steak (1kg)

$9.87 COP 31.3K

$8.13 VES 7,135

21.40%

Apples (1kg)

$3.58 COP 11.4K

$4.11 VES 3,608

-12.90%

Banana (1kg)

$1.84 COP 5,822

$1.48 VES 1,303

24.32%

Oranges (1kg)

$1.90 COP 6,012

$2.04 VES 1,793

-6.86%

Tomato (1kg)

$1.74 COP 5,517

$2.56 VES 2,249

-32.03%

Potato (1kg)

$1.41 COP 4,484

$1.52 VES 1,337

-7.24%

Onion (1kg)

$1.37 COP 4,332

$1.85 VES 1,627

-25.95%

Lettuce (1 head)

$1.30 COP 4,131

$0.97 VES 852

34.02%

Water (1.5 liter bottle)

$1.15 COP 3,643

Cigarettes 20 Pack (Marlboro, Camel)

$4.32 COP 13.7K

Wine (Bottle)

$12.76 COP 40.5K

$5.03 VES 4,413

153.68%

Local Beer (0.5 liter bottle)

$1.43 COP 4,542

$1.03 VES 904

38.83%

Imported Beer (0.33 liter bottle)

$2.83 COP 8,986

$1.53 VES 1,342

84.97%

One-way Ticket (Public Transport)

$1.08 COP 3,434

Public Transport Monthly Pass (Regular Price)

$50.8 COP 161.1K

Taxi Start (Normal Tariff)

$2.38 COP 7,550

$3.08 VES 2,702

-22.73%

Taxi (Normal Tariff) (1km)

$2.34 COP 7,411

$2.96 VES 2,597

-20.95%

Taxi 1hour Waiting (Normal Tariff)

$9.20 COP 29.2K

Gasoline (1 liter)

$1.33 COP 4,213

Midsize Hatchback 1.4l (Volkswagen Golf, Toyota Prius, Honda Civic, etc)

$23.5K COP 74.4M

Compact Sedan 1.6l (Toyota Corolla, Mazda3, Kia K4, Hyundai Elantra, etc)

$35.6K COP 113.0M

Utilities for 2 People in 2-bedroom Apartment (Heating, Electricity, Gas, Water, Garbage) (85m2)

$125 COP 397.8K

$30.45 VES 26.7K

311.99%

SIM Card Monthly Plan (Calls and 10GB+ Data)

$16.29 COP 51.6K

$15.02 VES 13.2K

8.46%

Internet (50+ Mbps, Unlimited Data)

$30.21 COP 95.8K

$39.21 VES 34.4K

-22.95%

Gym Membership (Monthly)

$34.11 COP 108.2K

$49.52 VES 43.5K

-31.12%

Tennis Court (1 Hour on Weekend)

$15.37 COP 48.7K

$14.94 VES 13.1K

2.88%

Cinema Ticket

$7.84 COP 24.8K

$5.01 VES 4,402

56.49%

Preschool or Kindergarten, Full Day, Private, 1 Child (Monthly)

$501 COP 1.6M

International Primary School, 1 Child (Yearly)

$7,450 COP 23.6M

Jeans (Levis 501 Or Similar)

$82.8 COP 262.6K

$79.8 VES 70.1K

3.73%

Summer Dress (H&M, Zara, etc)

$47.40 COP 150.3K

Sport Shoes (Adidas, Nike)

$142 COP 449.4K

$98.3 VES 86.3K

44.18%

Men's Leather Business Shoes

$106 COP 337.4K

$102 VES 89.2K

4.68%

1-bedroom Apartment, City Center (Monthly)

$803 COP 2.5M

$294 VES 258.2K

173.07%

1-bedroom Apartment, Outside City Center (Monthly)

$452 COP 1.4M

3-bedroom Apartment, City Center (Monthly)

$1,244 COP 3.9M

$506 VES 444.1K

145.91%

3-bedroom Apartment, Outside City Center (Monthly)

$974 COP 3.1M

Buy Apartment in City Center (m2)

$2,816 COP 8.9M

$602 VES 528.6K

367.73%

Buy Apartment Outside City Center (m2)

$2,354 COP 7.5M

Average Monthly Net Salary (After Tax)

$813 COP 2.6M

20-Year Fixed Mortgage Interest Rate (Annual %)

12.81

CityCost data is based on AI and user input – minor inaccuracies may occur.

Last update for Bogota: October 11, 2026

Last update for Isla de Margarita: October 12, 2026

Monthly budget structure

Share of the monthly basket for one person, rent included.

Accommodation & Living

Bogota

$452 34.1%

Isla de Margarita

–

Groceries & Markets

Bogota

$261 19.7%

Isla de Margarita

–

Monthly Utilities & Internet

Bogota

$172 13%

Isla de Margarita

–

Clothing & Footwear

Bogota

$170 12.9%

Isla de Margarita

–

Eating Out

Bogota

$150 11.3%

Isla de Margarita

–

Getting Around

Bogota

$69 5.2%

Isla de Margarita

–

Sport & Entertainment

Bogota

$50 3.8%

Isla de Margarita

–

Cost Breakdown

A central one-bedroom costs $803 in Bogota versus $294 in Isla de Margarita. Rent is usually the largest line item in a monthly budget, so the gap here sets the tone for the overall comparison.

A mid-range dinner for two costs $41.00 in Bogota versus $81.0 in Isla de Margarita. Groceries tell a different story – $261 in Bogota vs $235 in Isla de Margarita – so Isla de Margarita wins on supermarket bills even if dining out costs more.

Good to know

🇨🇴 Bogota

🇻🇪 Isla de Margarita

🕒 Local time

09:22 9:22 AM

10:22 10:22 AM

1 h ahead of Bogota

🌤 Weather

👥 Population

8,181,047 Capital

90,387

💱 Currency

Colombian Peso COP $

Venezuelan Bolívar VES Bs.S

📈 Exchange rate

10,000 COP = 3.15 USD

10,000 COP = 2.81 EUR

1,000 VES = 1.14 USD

1,000 VES = 1.01 EUR

Exchange rates and currency converter

VES, USD, EUR to COP – Colombian Peso Converter

🇺🇸 United States Dollar ($)

🇨🇴 Colombian Peso ($)

Colombian Peso exchange rates as of October 18, 2026: 1 USD = 3,171 COP (10,000 COP = 3.15 USD). 1 EUR = 3,565 COP (10,000 COP = 2.81 EUR).

Venezuelan Bolívar exchange rates as of October 18, 2026: 1 USD = 878 VES (1,000 VES = 1.14 USD). 1 EUR = 987 VES (1,000 VES = 1.01 EUR).

USD to COP in detail →

On the map

Lowest

Highest

Between locations

Bogota Isla de Margarita 1,320 km ≈ 2 h 15 min nonstop flight

From you

Bogota
Isla de Margarita

Distances are measured in a straight line. Your location is detected approximately.

City Median Internet Speeds Comparison (Updated April 2026)

The chart highlights the Precision Threshold for mobile and fixed broadband internet speeds, updated quarterly.

Digital Nomad Cost of Living Index

Bogota vs Isla de Margarita: Cost of Living - Frequently Asked Questions

Yes – Bogota is pricier by about 102%, and outside of rent the gap shows up most in transport.

For a comfortable life, plan on about $1,985 per month in Bogota and $984 in Isla de Margarita. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

Rent is clearly cheaper in Isla de Margarita, especially for central apartments. Housing is actually the single biggest factor behind the overall cost gap between these two cities.

Groceries cost about 11% more in Bogota, though it depends on what you buy. Local produce may be comparable; imported and premium items show the biggest price gap.

A mid-range dinner for two costs $41.00 in Bogota and $81.0 in Isla de Margarita. That's a good indicator of the overall restaurant and café pricing gap between the two cities.

A $1,500 monthly budget goes further in Isla de Margarita, where all-in costs run around $656, than in Bogota at $1,323. In Isla de Margarita it covers expenses comfortably, while in Bogota it requires careful planning or may not stretch far enough.

Families tend to lean toward Isla de Margarita – lower housing and cheaper childcare make a real difference, especially on a single income or when paying for private education.

If budget matters most, go with Isla de Margarita. If higher salaries, better infrastructure, or specific career opportunities are the priority, Bogota makes more sense. Both are solid long-term options with distinct trade-offs.