Last update: Oct 2026

Cost of Living Comparison Between Caracas and Isla de Margarita

For one person, living is cheaper in Isla de Margarita: $653 a month against $1,338 in Caracas, rent and utilities included – about $8,200 less a year. Rent and utilities account for most of the difference.

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Cost of Living Index in Caracas
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Caracas Living Index

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Caracas

🇻🇪 Venezuela

$1,338

/mo nomad

Isla de Margarita

🇻🇪 Venezuela

$653

/mo nomad

Monthly Cost of Living

How much you'll spend in Caracas 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 Caracas and in Isla de Margarita actually costs, broken down by who's living it.

A single person spends $1,338 per month in Caracas vs $653 in Isla de Margarita, rent included.

Caracas $1,338
Isla de Margarita $653

A couple spends around $2,235 per month in Caracas vs $1,215 in Isla de Margarita, rent included.

Caracas $2,235
Isla de Margarita $1,215

A family of three spends $3,133 per month in Caracas vs $1,777 in Isla de Margarita, rent included.

Caracas $3,133
Isla de Margarita $1,777

Caracas costs about 105% more than Isla de Margarita, and outside of rent the biggest gap is in groceries.

Both Caracas and Isla de Margarita are more affordable than the global median – Caracas 1% lower, Isla de Margarita 52% lower.

Meal at Budget Restaurant

$10.98 VES 9,642

$10.05 VES 8,821

9.25%

Three-Course Dinner for Two, Mid-Range

$67.1 VES 58.9K

$79.6 VES 69.8K

-15.70%

Fast Food Meal (McDonalds, etc)

$11.16 VES 9,796

Cappuccino

$3.55 VES 3,114

$2.45 VES 2,149

44.90%

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

$1.52 VES 1,332

$0.99 VES 867

53.54%

Water (0.33 liter bottle)

$1.30 VES 1,144

$1.48 VES 1,300

-12.16%

Local Beer (0.5 liter draught)

$2.06 VES 1,805

$1.03 VES 902

100.00%

Imported Beer (0.33 liter bottle)

$3.05 VES 2,680

$2.98 VES 2,615

2.35%

Milk (1 liter)

$2.64 VES 2,313

$1.96 VES 1,718

34.69%

White Bread (500g)

$2.31 VES 2,032

$2.92 VES 2,561

-20.89%

Rice (white) (1kg)

$1.85 VES 1,624

$2.02 VES 1,777

-8.42%

Eggs

$4.64 VES 4,076

$2.42 VES 2,122

91.74%

Local Cheese (1kg)

$10.35 VES 9,083

$8.22 VES 7,217

25.91%

Chicken Fillets (1kg)

$9.20 VES 8,074

$7.79 VES 6,837

18.10%

Beef Round Steak (1kg)

$11.64 VES 10.2K

$8.04 VES 7,057

44.78%

Apples (1kg)

$7.43 VES 6,525

$4.08 VES 3,585

82.11%

Banana (1kg)

$2.04 VES 1,794

$1.54 VES 1,350

32.47%

Oranges (1kg)

$2.20 VES 1,931

$1.98 VES 1,736

11.11%

Tomato (1kg)

$2.38 VES 2,087

$2.43 VES 2,129

-2.06%

Potato (1kg)

$2.24 VES 1,965

$1.48 VES 1,303

51.35%

Onion (1kg)

$2.23 VES 1,958

$1.76 VES 1,541

26.70%

Lettuce (1 head)

$1.62 VES 1,424

$1.02 VES 900

58.82%

Water (1.5 liter bottle)

$2.41 VES 2,119

Cigarettes 20 Pack (Marlboro, Camel)

$4.71 VES 4,132

Wine (Bottle)

$11.84 VES 10.4K

$4.92 VES 4,322

140.65%

Local Beer (0.5 liter bottle)

$1.42 VES 1,246

$0.98 VES 857

44.90%

Imported Beer (0.33 liter bottle)

$2.09 VES 1,839

$1.48 VES 1,296

41.22%

One-way Ticket (Public Transport)

$0.51 VES 448

Public Transport Monthly Pass (Regular Price)

$30.43 VES 26.7K

Taxi Start (Normal Tariff)

$5.08 VES 4,459

$2.94 VES 2,581

72.79%

Taxi (Normal Tariff) (1km)

$2.83 VES 2,483

$3.06 VES 2,685

-7.52%

Taxi 1hour Waiting (Normal Tariff)

$14.80 VES 13.0K

Gasoline (1 liter)

$0.88 VES 772

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

$24.7K VES 21.7M

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

$39.7K VES 34.8M

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

$21.94 VES 19.3K

$30.35 VES 26.6K

-27.71%

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

$11.99 VES 10.5K

$15.23 VES 13.4K

-21.27%

Internet (50+ Mbps, Unlimited Data)

$37.39 VES 32.8K

$39.29 VES 34.5K

-4.84%

Gym Membership (Monthly)

$65.9 VES 57.8K

$50.3 VES 44.2K

31.00%

Tennis Court (1 Hour on Weekend)

$17.83 VES 15.7K

$15.25 VES 13.4K

16.92%

Cinema Ticket

$6.53 VES 5,735

$5.09 VES 4,469

28.29%

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

$158 VES 138.4K

International Primary School, 1 Child (Yearly)

$6,066 VES 5.3M

Jeans (Levis 501 Or Similar)

$81.6 VES 71.6K

$79.0 VES 69.4K

3.23%

Summer Dress (H&M, Zara, etc)

$51.2 VES 45.0K

Sport Shoes (Adidas, Nike)

$136 VES 119.2K

$98.5 VES 86.5K

37.77%

Men's Leather Business Shoes

$131 VES 115.2K

$100 VES 87.9K

31.15%

1-bedroom Apartment, City Center (Monthly)

$604 VES 529.9K

$297 VES 261.2K

102.90%

1-bedroom Apartment, Outside City Center (Monthly)

$425 VES 373.1K

3-bedroom Apartment, City Center (Monthly)

$1,103 VES 968.0K

$494 VES 433.6K

123.24%

3-bedroom Apartment, Outside City Center (Monthly)

$861 VES 755.7K

Buy Apartment in City Center (m2)

$1,464 VES 1.3M

$597 VES 523.8K

145.42%

Buy Apartment Outside City Center (m2)

$683 VES 599.8K

Average Monthly Net Salary (After Tax)

$303 VES 266.1K

20-Year Fixed Mortgage Interest Rate (Annual %)

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

Last update for Caracas: October 19, 2026

Last update for Isla de Margarita: October 19, 2026

Monthly budget structure

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

Accommodation & Living

Caracas

$425 31.8%

Isla de Margarita

–

Groceries & Markets

Caracas

$339 25.4%

Isla de Margarita

–

Eating Out

Caracas

$192 14.3%

Isla de Margarita

–

Clothing & Footwear

Caracas

$180 13.5%

Isla de Margarita

–

Sport & Entertainment

Caracas

$79 5.9%

Isla de Margarita

–

Monthly Utilities & Internet

Caracas

$71 5.3%

Isla de Margarita

–

Getting Around

Caracas

$52 3.9%

Isla de Margarita

–

Cost Breakdown

A central one-bedroom costs $604 in Caracas versus $297 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 – $339 in Caracas vs $234 in Isla de Margarita – so Isla de Margarita wins on supermarket bills even if dining out costs more.

Good to know

🇻🇪 Caracas

🇻🇪 Isla de Margarita

🕒 Local time

08:36 8:36 AM

Same time as Caracas

🌤 Weather

👥 Population

3,274,000 Capital

90,387

💱 Currency

Venezuelan Bolívar VES Bs.S

📈 Exchange rate

1,000 VES = 1.14 USD

1,000 VES = 1.01 EUR

1,000 VES = 1.14 USD

1,000 VES = 1.01 EUR

Exchange rates and currency converter

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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

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

Yes – Caracas is pricier by about 105%, and outside of rent the gap shows up most in groceries.

For a comfortable life, plan on about $2,006 per month in Caracas and $979 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 45% 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 $653, than in Caracas at $1,338. 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.