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 $1,187 per month in Caracas vs $663 in Isla de Margarita, rent included.

A couple spends around $1,996 per month in Caracas vs $1,232 in Isla de Margarita, rent included.

A family of three spends $2,805 per month in Caracas vs $1,801 in Isla de Margarita, rent included.

Caracas costs about 79% more than Isla de Margarita, driven mainly by Eating Out.

Both Caracas and Isla de Margarita are more affordable than the global median – Caracas 11% lower, Isla de Margarita 51% lower.

Meal at Budget Restaurant

$12.09 VES 5,888

$9.96 VES 4,850

21.39%

Three-Course Dinner for Two, Mid-Range

$55.6 VES 27.1K

$79.1 VES 38.5K

-29.62%

Fast Food Meal (McDonalds, etc)

$10.07 VES 4,905

Cappuccino

$2.54 VES 1,238

$2.51 VES 1,224

1.20%

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

$1.27 VES 621

$1.02 VES 495

24.51%

Water (0.33 liter bottle)

$0.97 VES 470

$1.52 VES 742

-36.18%

Local Beer (0.5 liter draught)

$1.53 VES 743

$0.98 VES 477

56.12%

Imported Beer (0.33 liter bottle)

$2.93 VES 1,427

$3.09 VES 1,504

-5.18%

Milk (1 liter)

$1.80 VES 876

$1.96 VES 954

-8.16%

White Bread (500g)

$2.70 VES 1,318

$2.95 VES 1,435

-8.47%

Rice (white) (1kg)

$1.43 VES 697

$1.96 VES 957

-27.04%

Eggs

$2.87 VES 1,400

$2.45 VES 1,195

17.14%

Local Cheese (1kg)

$9.94 VES 4,844

$8.24 VES 4,013

20.63%

Chicken Fillets (1kg)

$7.69 VES 3,745

$7.78 VES 3,792

-1.16%

Beef Round Steak (1kg)

$7.42 VES 3,616

$7.90 VES 3,849

-6.08%

Apples (1kg)

$5.26 VES 2,564

$3.88 VES 1,891

35.57%

Banana (1kg)

$1.78 VES 865

$1.52 VES 742

17.11%

Oranges (1kg)

$2.20 VES 1,071

$2.01 VES 982

9.45%

Tomato (1kg)

$2.07 VES 1,006

$2.43 VES 1,181

-14.81%

Potato (1kg)

$2.65 VES 1,291

$1.47 VES 717

80.27%

Onion (1kg)

$2.06 VES 1,004

$1.78 VES 866

15.73%

Lettuce (1 head)

$1.31 VES 637

$0.99 VES 481

32.32%

Water (1.5 liter bottle)

$1.89 VES 922

Cigarettes 20 Pack (Marlboro, Camel)

$4.07 VES 1,983

Wine (Bottle)

$9.92 VES 4,831

$4.88 VES 2,378

103.28%

Local Beer (0.5 liter bottle)

$1.50 VES 731

$0.98 VES 477

53.06%

Imported Beer (0.33 liter bottle)

$2.02 VES 983

$1.52 VES 742

32.89%

One-way Ticket (Public Transport)

$0.72 VES 353

Public Transport Monthly Pass (Regular Price)

$29.48 VES 14.4K

Taxi Start (Normal Tariff)

$5.10 VES 2,485

$2.92 VES 1,423

74.66%

Taxi (Normal Tariff) (1km)

$2.73 VES 1,331

$3.02 VES 1,470

-9.60%

Taxi 1hour Waiting (Normal Tariff)

$10.02 VES 4,882

Gasoline (1 liter)

$0.48 VES 235

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

$25.4K VES 12.4M

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

$39.1K VES 19.0M

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

$19.86 VES 9,676

$29.45 VES 14.3K

-32.56%

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

$13.32 VES 6,490

$14.74 VES 7,178

-9.63%

Internet (50+ Mbps, Unlimited Data)

$39.24 VES 19.1K

$40.33 VES 19.6K

-2.70%

Gym Membership (Monthly)

$68.6 VES 33.4K

$50.9 VES 24.8K

34.59%

Tennis Court (1 Hour on Weekend)

$15.51 VES 7,557

$14.73 VES 7,174

5.30%

Cinema Ticket

$6.09 VES 2,969

$4.92 VES 2,398

23.78%

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

$133 VES 64.8K

International Primary School, 1 Child (Yearly)

$5,439 VES 2.6M

Jeans (Levis 501 Or Similar)

$63.1 VES 30.7K

$78.9 VES 38.4K

-19.96%

Summer Dress (H&M, Zara, etc)

$38.68 VES 18.8K

Sport Shoes (Adidas, Nike)

$103 VES 50.4K

$101 VES 49.2K

2.33%

Men's Leather Business Shoes

$116 VES 56.7K

$102 VES 49.6K

14.43%

1-bedroom Apartment, City Center (Monthly)

$452 VES 220.0K

$298 VES 144.9K

51.84%

1-bedroom Apartment, Outside City Center (Monthly)

$369 VES 179.7K

3-bedroom Apartment, City Center (Monthly)

$992 VES 483.1K

$498 VES 242.7K

98.99%

3-bedroom Apartment, Outside City Center (Monthly)

$847 VES 412.4K

Buy Apartment in City Center (m2)

$1,421 VES 692.3K

$589 VES 286.8K

141.44%

Buy Apartment Outside City Center (m2)

$687 VES 334.6K

Average Monthly Net Salary (After Tax)

$304 VES 148.2K

20-Year Fixed Mortgage Interest Rate (Annual %)

21.33

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

Last update for Caracas: April 25, 2026

Last update for Isla de Margarita: April 27, 2026

Cost Breakdown

A central one-bedroom costs $452 in Caracas versus $298 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 $56.0 in Caracas versus $79.0 in Isla de Margarita. Groceries tell a different story – $280 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 79%, and the gap shows up most in Eating Out. It's not just housing either; the difference applies across most spending categories.

For a comfortable life, plan on about $1,780 per month in Caracas and $994 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 21% 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 $56.0 in Caracas and $79.0 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 $663, than in Caracas at $1,187. 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.