Last update: Oct 2026

Cost of Living Comparison Between Caracas and Terrace

For one person, living is cheaper in Caracas: $1,338 a month against $1,887 in Terrace, rent and utilities included – about $6,600 less a year. Rent and utilities account for most of the difference.

65

Cost of Living Index in Caracas
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Caracas Living Index
91

Cost of Living Index in Terrace
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Terrace Living Index

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Caracas

🇻🇪 Venezuela

$1,338

/mo nomad

Terrace

🇨🇦 Canada

$1,887

/mo nomad

Monthly Cost of Living

How much you'll spend in Caracas and in Terrace

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 Terrace actually costs, broken down by who's living it.

A single person spends $1,338 per month in Caracas vs $1,887 in Terrace, rent included.

Caracas $1,338
Terrace $1,887

A couple spends around $2,238 per month in Caracas vs $2,853 in Terrace, rent included.

Caracas $2,238
Terrace $2,853

A family of three spends $3,138 per month in Caracas vs $3,819 in Terrace, rent included.

Caracas $3,138
Terrace $3,819

Caracas is about 29% cheaper than Terrace, and outside of rent the biggest gap is in eating out.

Caracas sits 1% below the global median, while Terrace is 40% above – they fall on opposite sides of the world average.

Meal at Budget Restaurant

$10.82 VES 9,501

$17.53 CA$24.78

-38.28%

Three-Course Dinner for Two, Mid-Range

$67.1 VES 58.9K

$79.9 CA$113

-15.96%

Fast Food Meal (McDonalds, etc)

$10.83 VES 9,507

$9.87 CA$13.95

9.73%

Cappuccino

$3.71 VES 3,258

$3.93 CA$5.55

-5.60%

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

$1.57 VES 1,380

$2.09 CA$2.95

-24.88%

Water (0.33 liter bottle)

$1.31 VES 1,148

$1.62 CA$2.29

-19.14%

Local Beer (0.5 liter draught)

$1.97 VES 1,730

$5.19 CA$7.34

-62.04%

Imported Beer (0.33 liter bottle)

$3.06 VES 2,690

$6.15 CA$8.69

-50.24%

Milk (1 liter)

$2.69 VES 2,364

$2.25 CA$3.19

19.56%

White Bread (500g)

$2.24 VES 1,967

$2.63 CA$3.72

-14.83%

Rice (white) (1kg)

$1.90 VES 1,668

$5.10 CA$7.21

-62.75%

Eggs

$4.76 VES 4,181

$3.60 CA$5.10

32.22%

Local Cheese (1kg)

$10.24 VES 8,987

$8.81 CA$12.45

16.23%

Chicken Fillets (1kg)

$9.35 VES 8,207

$15.36 CA$21.71

-39.13%

Beef Round Steak (1kg)

$11.49 VES 10.1K

$13.51 CA$19.10

-14.95%

Apples (1kg)

$7.28 VES 6,388

$4.06 CA$5.73

79.31%

Banana (1kg)

$2.06 VES 1,805

$1.21 CA$1.72

70.25%

Oranges (1kg)

$2.16 VES 1,893

$2.99 CA$4.23

-27.76%

Tomato (1kg)

$2.27 VES 1,996

$3.67 CA$5.20

-38.15%

Potato (1kg)

$2.27 VES 1,990

$3.14 CA$4.44

-27.71%

Onion (1kg)

$2.16 VES 1,901

$3.13 CA$4.43

-30.99%

Lettuce (1 head)

$1.64 VES 1,438

$2.37 CA$3.36

-30.80%

Water (1.5 liter bottle)

$2.36 VES 2,072

$1.01 CA$1.43

133.66%

Cigarettes 20 Pack (Marlboro, Camel)

$4.68 VES 4,110

$11.27 CA$15.94

-58.47%

Wine (Bottle)

$11.92 VES 10.5K

$13.44 CA$18.99

-11.31%

Local Beer (0.5 liter bottle)

$1.43 VES 1,252

$2.09 CA$2.96

-31.58%

Imported Beer (0.33 liter bottle)

$2.05 VES 1,799

$1.78 CA$2.52

15.17%

One-way Ticket (Public Transport)

$0.52 VES 459

$1.38 CA$1.95

-62.32%

Public Transport Monthly Pass (Regular Price)

$30.37 VES 26.7K

$31.40 CA$44.40

-3.28%

Taxi Start (Normal Tariff)

$4.92 VES 4,317

$3.30 CA$4.66

49.09%

Taxi (Normal Tariff) (1km)

$2.81 VES 2,464

$1.50 CA$2.12

87.33%

Taxi 1hour Waiting (Normal Tariff)

$14.91 VES 13.1K

$20.03 CA$28.31

-25.56%

Gasoline (1 liter)

$0.88 VES 769

$1.22 CA$1.72

-27.87%

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

$24.8K VES 21.8M

$27.8K CA$39.3K

-10.75%

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

$38.1K VES 33.5M

$18.7K CA$26.5K

103.68%

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

$21.49 VES 18.9K

$93.2 CA$132

-76.95%

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

$11.73 VES 10.3K

$38.92 CA$55.0

-69.86%

Internet (50+ Mbps, Unlimited Data)

$38.50 VES 33.8K

$58.3 CA$82.5

-34.01%

Gym Membership (Monthly)

$65.8 VES 57.8K

$40.14 CA$56.7

63.93%

Tennis Court (1 Hour on Weekend)

$17.81 VES 15.6K

$16.45 CA$23.26

8.27%

Cinema Ticket

$6.35 VES 5,573

$8.91 CA$12.60

-28.73%

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

$157 VES 138.0K

$733 CA$1,037

-78.56%

International Primary School, 1 Child (Yearly)

$6,098 VES 5.4M

$13.4K CA$18.9K

-54.50%

Jeans (Levis 501 Or Similar)

$81.0 VES 71.1K

$36.65 CA$51.8

121.09%

Summer Dress (H&M, Zara, etc)

$50.1 VES 44.0K

$30.29 CA$42.82

65.47%

Sport Shoes (Adidas, Nike)

$133 VES 117.0K

$79.8 CA$113

67.12%

Men's Leather Business Shoes

$134 VES 117.7K

$104 CA$147

29.20%

1-bedroom Apartment, City Center (Monthly)

$608 VES 534.1K

$992 CA$1,402

-38.65%

1-bedroom Apartment, Outside City Center (Monthly)

$428 VES 375.9K

$845 CA$1,194

-49.32%

3-bedroom Apartment, City Center (Monthly)

$1,113 VES 977.4K

$1,556 CA$2,200

-28.45%

3-bedroom Apartment, Outside City Center (Monthly)

$872 VES 765.6K

$1,325 CA$1,874

-34.20%

Buy Apartment in City Center (m2)

$1,462 VES 1.3M

$4,127 CA$5,835

-64.57%

Buy Apartment Outside City Center (m2)

$670 VES 587.9K

$3,426 CA$4,843

-80.45%

Average Monthly Net Salary (After Tax)

$303 VES 265.6K

$3,096 CA$4,376

-90.23%

20-Year Fixed Mortgage Interest Rate (Annual %)

5.05

335.64%

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

Last update for Caracas: October 12, 2026

Last update for Terrace: October 11, 2026

Monthly budget structure

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

Accommodation & Living

Caracas

$428 32%

Terrace

$845 44.8% 97.3% $417

Groceries & Markets

Caracas

$338 25.2%

Terrace

$364 19.3% 7.7% $26

Eating Out

Caracas

$191 14.3%

Terrace

$270 14.3% 41.3% $79

Clothing & Footwear

Caracas

$179 13.4%

Terrace

$113 6% 37.1% $67

Sport & Entertainment

Caracas

$79 5.9%

Terrace

$58 3.1% 26.2% $21

Monthly Utilities & Internet

Caracas

$72 5.4%

Terrace

$191 10.1% 166% $119

Getting Around

Caracas

$51 3.8%

Terrace

$48 2.5% 7.2% $3.7

Cost Breakdown

A central one-bedroom costs $608 in Caracas versus $992 in Terrace. Rent is usually the largest line item in a monthly budget, so the gap here sets the tone for the overall comparison.

Salaries run about 923% higher in Terrace, which partly offsets the higher cost of living there. Purchasing power depends on which expenses matter most to you.

A mid-range dinner for two costs $67.0 in Caracas versus $80.0 in Terrace. Monthly groceries follow the same trend: $338 vs $364 – making Caracas the more affordable choice for daily food spending.

Good to know

🇻🇪 Caracas

🇨🇦 Terrace

🕒 Local time

11:55 11:55 AM

08:55 8:55 AM

3 h behind Caracas

🌤 Weather

👥 Population

3,274,000 Capital

19,443

💱 Currency

Venezuelan Bolívar VES Bs.S

Canadian Dollar CAD $

📈 Exchange rate

1,000 VES = 1.14 USD

1,000 VES = 1.01 EUR

1 CAD = 0.707 USD

1 CAD = 0.629 EUR

Exchange rates and currency converter

CAD, USD, EUR to VES – Venezuelan Bolívar Converter

🇺🇸 United States Dollar ($)

🇻🇪 Venezuelan Bolívar (Bs.S)

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).

Canadian Dollar exchange rates as of October 18, 2026: 1 USD = 1.41 CAD (1 CAD = 0.707 USD). 1 EUR = 1.59 CAD (1 CAD = 0.629 EUR).

USD to VES in detail →

On the map

Lowest

Highest

Between locations

Caracas Terrace 7,250 km ≈ 10 h nonstop flight

From you

Caracas
Terrace

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 Terrace: Cost of Living - Frequently Asked Questions

Yes – Terrace is pricier by about 41%, and outside of rent the gap shows up most in eating out.

For a comfortable life, plan on about $2,007 per month in Caracas and $2,831 in Terrace. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

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

Public transport costs about 3% less in Caracas. For daily commuters, that gap adds up to noticeable savings over a year.

Kindergarten costs $157 per month in Caracas and $733 in Terrace. For families with young kids, this one expense can tip the scales when choosing between the two cities.

A $1,500 monthly budget goes further in Caracas, where all-in costs run around $1,338, than in Terrace at $1,887. In Caracas it covers expenses comfortably, while in Terrace it requires careful planning or may not stretch far enough.

Families tend to lean toward Caracas – 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 Caracas. If higher salaries, better infrastructure, or specific career opportunities are the priority, Terrace makes more sense. Both are solid long-term options with distinct trade-offs.