Cost of Living Comparison Between Caracas and Isla de Margarita Cost of Living Comparison Between Caracas and Isla de Margarita

Monthly Cost of Living

A single person spends $1,346 per month in Caracas vs $667 in Isla de Margarita, rent included.

A couple spends around $2,233 per month in Caracas vs $1,238 in Isla de Margarita, rent included.

A family of three spends $3,120 per month in Caracas vs $1,808 in Isla de Margarita, rent included.

Caracas costs about 102% more than Isla de Margarita, driven mainly by Groceries & Markets.

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

Meal at Budget Restaurant

$10.93 VES 8,474

$9.92 VES 7,695

10.18%

Three-Course Dinner for Two, Mid-Range

$67.5 VES 52.3K

$79.8 VES 61.9K

-15.46%

Fast Food Meal (McDonalds, etc)

$11.12 VES 8,624

Cappuccino

$3.60 VES 2,789

$2.57 VES 1,995

40.08%

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

$1.56 VES 1,210

$0.98 VES 763

59.18%

Water (0.33 liter bottle)

$1.35 VES 1,043

$1.52 VES 1,182

-11.18%

Local Beer (0.5 liter draught)

$1.96 VES 1,523

$1.02 VES 795

92.16%

Imported Beer (0.33 liter bottle)

$2.93 VES 2,275

$3.04 VES 2,356

-3.62%

Milk (1 liter)

$2.68 VES 2,081

$1.97 VES 1,527

36.04%

White Bread (500g)

$2.22 VES 1,718

$2.93 VES 2,272

-24.23%

Rice (white) (1kg)

$1.90 VES 1,474

$1.97 VES 1,529

-3.55%

Eggs

$4.80 VES 3,723

$2.41 VES 1,872

99.17%

Local Cheese (1kg)

$10.12 VES 7,850

$7.85 VES 6,088

28.92%

Chicken Fillets (1kg)

$9.29 VES 7,202

$7.80 VES 6,048

19.10%

Beef Round Steak (1kg)

$11.28 VES 8,750

$7.91 VES 6,133

42.60%

Apples (1kg)

$7.05 VES 5,466

$4.05 VES 3,140

74.07%

Banana (1kg)

$1.95 VES 1,512

$1.49 VES 1,153

30.87%

Oranges (1kg)

$2.18 VES 1,691

$1.97 VES 1,527

10.66%

Tomato (1kg)

$2.26 VES 1,749

$2.43 VES 1,882

-7.00%

Potato (1kg)

$2.28 VES 1,765

$1.47 VES 1,138

55.10%

Onion (1kg)

$2.16 VES 1,678

$1.82 VES 1,415

18.68%

Lettuce (1 head)

$1.61 VES 1,250

$1.01 VES 785

59.41%

Water (1.5 liter bottle)

$2.30 VES 1,781

Cigarettes 20 Pack (Marlboro, Camel)

$4.50 VES 3,489

Wine (Bottle)

$12.24 VES 9,488

$5.13 VES 3,980

138.60%

Local Beer (0.5 liter bottle)

$1.42 VES 1,103

$1.02 VES 791

39.22%

Imported Beer (0.33 liter bottle)

$2.16 VES 1,676

$1.47 VES 1,139

46.94%

One-way Ticket (Public Transport)

$0.51 VES 398

Public Transport Monthly Pass (Regular Price)

$29.99 VES 23.3K

Taxi Start (Normal Tariff)

$4.95 VES 3,838

$3.05 VES 2,362

62.30%

Taxi (Normal Tariff) (1km)

$2.82 VES 2,186

$3.05 VES 2,367

-7.54%

Taxi 1hour Waiting (Normal Tariff)

$15.19 VES 11.8K

Gasoline (1 liter)

$0.79 VES 610

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

$25.1K VES 19.5M

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

$37.8K VES 29.3M

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

$23.27 VES 18.0K

$29.75 VES 23.1K

-21.78%

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

$11.68 VES 9,056

$15.07 VES 11.7K

-22.50%

Internet (50+ Mbps, Unlimited Data)

$37.92 VES 29.4K

$39.69 VES 30.8K

-4.46%

Gym Membership (Monthly)

$67.0 VES 51.9K

$50.9 VES 39.5K

31.53%

Tennis Court (1 Hour on Weekend)

$17.70 VES 13.7K

$15.20 VES 11.8K

16.45%

Cinema Ticket

$6.68 VES 5,177

$4.88 VES 3,783

36.89%

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

$163 VES 126.2K

International Primary School, 1 Child (Yearly)

$6,026 VES 4.7M

Jeans (Levis 501 Or Similar)

$74.7 VES 57.9K

$78.8 VES 61.1K

-5.14%

Summer Dress (H&M, Zara, etc)

$45.49 VES 35.3K

Sport Shoes (Adidas, Nike)

$127 VES 98.2K

$99.1 VES 76.8K

27.87%

Men's Leather Business Shoes

$137 VES 106.6K

$99.6 VES 77.2K

38.04%

1-bedroom Apartment, City Center (Monthly)

$610 VES 473.0K

$294 VES 228.1K

107.40%

1-bedroom Apartment, Outside City Center (Monthly)

$425 VES 329.3K

3-bedroom Apartment, City Center (Monthly)

$1,125 VES 872.5K

$508 VES 394.2K

121.37%

3-bedroom Apartment, Outside City Center (Monthly)

$879 VES 681.3K

Buy Apartment in City Center (m2)

$1,487 VES 1.2M

$596 VES 462.0K

149.56%

Buy Apartment Outside City Center (m2)

$679 VES 526.3K

Average Monthly Net Salary (After Tax)

$300 VES 232.6K

20-Year Fixed Mortgage Interest Rate (Annual %)

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

Last update for Caracas: August 18, 2026

Last update for Isla de Margarita: August 18, 2026

Cost Breakdown

A central one-bedroom costs $610 in Caracas 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 $67.0 in Caracas versus $80.0 in Isla de Margarita. Groceries tell a different story – $334 in Caracas vs $232 in Isla de Margarita – so Isla de Margarita wins on supermarket bills even if dining out costs more.

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

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

Yes – Caracas is pricier by about 102%, and the gap shows up most in Groceries & Markets. It's not just housing either; the difference applies across most spending categories.

For a comfortable life, plan on about $2,019 per month in Caracas and $1,000 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 44% more in Caracas, 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 $67.0 in Caracas and $80.0 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 $667, than in Caracas at $1,346. In Isla de Margarita it covers expenses comfortably, while in Caracas 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, Caracas makes more sense. Both are solid long-term options with distinct trade-offs.