Last update: Nov 2026

Cost of Living Comparison Between Cambridge Bay and Caracas

For one person, living is cheaper in Caracas: $1,379 a month against $2,280 in Cambridge Bay, rent and utilities included – about $10,800 less a year. Rent and utilities account for most of the difference.

110

Cost of Living Index in Cambridge Bay
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Cambridge Bay Living Index
65

Cost of Living Index in Caracas
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Caracas Living Index

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Cambridge Bay

🇨🇦 Canada

$2,280

/mo nomad

Caracas

🇻🇪 Venezuela

$1,379

/mo nomad

Monthly Cost of Living

How much you'll spend in Cambridge Bay and in Caracas

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

Monthly costs for one person with rent: $2,280 in Cambridge Bay versus $1,379 in Caracas.

Cambridge Bay $2,280
Caracas $1,379

Estimated couple costs with rent: $3,269 in Cambridge Bay versus $2,304 in Caracas.

Cambridge Bay $3,269
Caracas $2,304

Monthly costs for a family of three with rent: $4,258 in Cambridge Bay versus $3,229 in Caracas.

Cambridge Bay $4,258
Caracas $3,229

Living in Cambridge Bay is roughly 65% more expensive than in Caracas, and outside of rent the biggest gap is in eating out.

Both cities are pricier than the global median: Cambridge Bay 69% above, Caracas 2% above.

Meal at Budget Restaurant

$22.30 CA$31.37

$10.91 VES 9,741

104.40%

Three-Course Dinner for Two, Mid-Range

$63.4 CA$89.2

$66.3 VES 59.2K

-4.37%

Fast Food Meal (McDonalds, etc)

$10.54 CA$14.82

$11.16 VES 9,966

-5.56%

Cappuccino

$3.79 CA$5.33

$3.66 VES 3,271

3.55%

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

$2.08 CA$2.93

$1.51 VES 1,346

37.75%

Water (0.33 liter bottle)

$1.62 CA$2.28

$1.28 VES 1,144

26.56%

Local Beer (0.5 liter draught)

$5.15 CA$7.25

$1.96 VES 1,753

162.76%

Imported Beer (0.33 liter bottle)

$5.60 CA$7.87

$3.08 VES 2,751

81.82%

Milk (1 liter)

$2.12 CA$2.99

$2.77 VES 2,469

-23.47%

White Bread (500g)

$2.48 CA$3.49

$2.21 VES 1,970

12.22%

Rice (white) (1kg)

$3.51 CA$4.94

$1.89 VES 1,688

85.71%

Eggs

$3.42 CA$4.81

$4.84 VES 4,322

-29.34%

Local Cheese (1kg)

$10.04 CA$14.12

$10.11 VES 9,026

-0.69%

Chicken Fillets (1kg)

$11.39 CA$16.02

$9.04 VES 8,072

26.00%

Beef Round Steak (1kg)

$14.79 CA$20.80

$11.30 VES 10.1K

30.88%

Apples (1kg)

$3.89 CA$5.47

$7.33 VES 6,544

-46.93%

Banana (1kg)

$1.37 CA$1.92

$2.07 VES 1,845

-33.82%

Oranges (1kg)

$3.61 CA$5.08

$2.12 VES 1,891

70.28%

Tomato (1kg)

$3.93 CA$5.52

$2.35 VES 2,095

67.23%

Potato (1kg)

$2.41 CA$3.39

$2.24 VES 1,999

7.59%

Onion (1kg)

$2.26 CA$3.18

$2.12 VES 1,896

6.60%

Lettuce (1 head)

$2.39 CA$3.36

$1.56 VES 1,396

53.21%

Water (1.5 liter bottle)

$1.58 CA$2.22

$2.30 VES 2,053

-31.30%

Cigarettes 20 Pack (Marlboro, Camel)

$14.17 CA$19.93

$4.65 VES 4,154

204.73%

Wine (Bottle)

$12.93 CA$18.18

$11.96 VES 10.7K

8.11%

Local Beer (0.5 liter bottle)

$2.80 CA$3.93

$1.42 VES 1,269

97.18%

Imported Beer (0.33 liter bottle)

$3.19 CA$4.49

$2.06 VES 1,841

54.85%

One-way Ticket (Public Transport)

$2.35 CA$3.30

$0.43 VES 383

446.51%

Public Transport Monthly Pass (Regular Price)

$62.7 CA$88.1

$29.70 VES 26.5K

111.01%

Taxi Start (Normal Tariff)

$2.87 CA$4.03

$4.98 VES 4,445

-42.37%

Taxi (Normal Tariff) (1km)

$1.48 CA$2.09

$2.83 VES 2,522

-47.70%

Taxi 1hour Waiting (Normal Tariff)

$23.95 CA$33.68

$15.29 VES 13.6K

56.64%

Gasoline (1 liter)

$1.18 CA$1.65

$0.82 VES 735

43.90%

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

$28.1K CA$39.6K

$24.7K VES 22.1M

13.84%

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

$21.0K CA$29.5K

$38.7K VES 34.5M

-45.77%

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

$140 CA$197

$21.98 VES 19.6K

536.31%

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

$38.56 CA$54.2

$11.88 VES 10.6K

224.58%

Internet (50+ Mbps, Unlimited Data)

$54.0 CA$75.9

$38.70 VES 34.5K

39.41%

Gym Membership (Monthly)

$37.08 CA$52.1

$66.8 VES 59.6K

-44.47%

Tennis Court (1 Hour on Weekend)

$18.53 CA$26.06

$17.64 VES 15.7K

5.05%

Cinema Ticket

$10.51 CA$14.77

$6.44 VES 5,744

63.20%

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

$644 CA$906

$160 VES 142.5K

303.36%

International Primary School, 1 Child (Yearly)

$13.3K CA$18.7K

$6,063 VES 5.4M

119.00%

Jeans (Levis 501 Or Similar)

$54.3 CA$76.4

$82.4 VES 73.5K

-34.09%

Summer Dress (H&M, Zara, etc)

$38.98 CA$54.8

$51.9 VES 46.3K

-24.85%

Sport Shoes (Adidas, Nike)

$86.4 CA$121

$135 VES 120.6K

-36.08%

Men's Leather Business Shoes

$102 CA$143

$134 VES 120.0K

-24.31%

1-bedroom Apartment, City Center (Monthly)

$1,301 CA$1,830

$654 VES 583.7K

98.93%

1-bedroom Apartment, Outside City Center (Monthly)

$1,120 CA$1,575

$467 VES 416.8K

139.81%

3-bedroom Apartment, City Center (Monthly)

$1,968 CA$2,767

$1,182 VES 1.1M

66.46%

3-bedroom Apartment, Outside City Center (Monthly)

$1,647 CA$2,316

$964 VES 860.9K

70.72%

Buy Apartment in City Center (m2)

$4,314 CA$6,067

$1,488 VES 1.3M

189.87%

Buy Apartment Outside City Center (m2)

$3,537 CA$4,974

$689 VES 615.2K

413.18%

Average Monthly Net Salary (After Tax)

$309 VES 276.2K

20-Year Fixed Mortgage Interest Rate (Annual %)

4.68

-78.73%

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

Last update for Cambridge Bay: November 2, 2026

Last update for Caracas: November 1, 2026

Monthly budget structure

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

Accommodation & Living

Cambridge Bay

$1.1K 49.1%

Caracas

$467 33.9% 58.3% $653

Groceries & Markets

Cambridge Bay

$353 15.5%

Caracas

$335 24.3% 5.1% $18

Eating Out

Cambridge Bay

$307 13.5%

Caracas

$192 13.9% 37.5% $115

Monthly Utilities & Internet

Cambridge Bay

$232 10.2%

Caracas

$73 5.3% 68.8% $160

Clothing & Footwear

Cambridge Bay

$127 5.6%

Caracas

$182 13.2% 43.5% $55

Getting Around

Cambridge Bay

$82 3.6%

Caracas

$51 3.7% 38.6% $32

Sport & Entertainment

Cambridge Bay

$58 2.6%

Caracas

$80 5.8% 37.1% $22

Cost Breakdown

A one-bedroom apartment in the center runs $1,301 in Cambridge Bay and $654 in Caracas. Housing cost is often the main lever when comparing two cities.

Dining out: $63 in Cambridge Bay vs $66 in Caracas. Groceries flip the comparison at $353 vs $335, with Caracas cheaper for home cooking.

Good to know

🇨🇦 Cambridge Bay

🇻🇪 Caracas

🕒 Local time

06:19 6:19 AM

09:19 9:19 AM

3 h ahead of Cambridge Bay

🌤 Weather

👥 Population

1,800

3,274,000 Capital

💱 Currency

Canadian Dollar CAD $

Venezuelan Bolívar VES Bs.S

📈 Exchange rate

1 CAD = 0.711 USD

1 CAD = 0.633 EUR

10,000 VES = 11.2 USD

10,000 VES = 9.97 EUR

Exchange rates and currency converter

VES, USD, EUR to CAD – Canadian Dollar Converter

🇺🇸 United States Dollar ($)

🇨🇦 Canadian Dollar ($)

Canadian Dollar exchange rates as of November 6, 2026: 1 USD = 1.41 CAD (1 CAD = 0.711 USD). 1 EUR = 1.58 CAD (1 CAD = 0.633 EUR).

Venezuelan Bolívar exchange rates as of November 6, 2026: 1 USD = 893 VES (1,000 VES = 1.12 USD). 1 EUR = 1,003 VES (10,000 VES = 9.97 EUR).

USD to CAD in detail →

On the map

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Between locations

Cambridge Bay Caracas 7,060 km ≈ 9 h nonstop flight

From you

Cambridge Bay
Caracas

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

Cambridge Bay vs Caracas: Cost of Living - Frequently Asked Questions

Total monthly costs including rent come to $2,280 in Cambridge Bay and $1,379 in Caracas, so Caracas is about 40% cheaper – a gap that matters a lot on a fixed or modest income.

You’d need roughly $3,420 in Cambridge Bay and $2,068 in Caracas to live well. The gap comes down to housing and overall price levels. Both cities are liveable on less, but these numbers represent actual comfort.

Rent for a central apartment: $1,301 in Cambridge Bay versus $654 in Caracas. Housing is usually the single largest factor when comparing overall living costs between the two.

All in, you’ll spend $2,280 per month in Cambridge Bay versus $1,379 in Caracas – Caracas is about 40% cheaper, which adds up to real savings over time.

A monthly transit pass in Caracas runs roughly 53% less than in Cambridge Bay. The price difference matters if you commute daily and watch your budget.

Both cities offer a good standard of living with different trade-offs. Neither is objectively better – the right pick depends on what matters most: affordability, career, cultural scene, or climate.