Last update: Nov 2026

Cost of Living Comparison Between Caracas and Toronto

For one person, living is cheaper in Caracas: $1,379 a month against $2,599 in Toronto, rent and utilities included – about $14,600 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
125

Cost of Living Index in Toronto
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Toronto Living Index

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Caracas

🇻🇪 Venezuela

$1,379

/mo nomad

Toronto

🇨🇦 Canada

$2,599

/mo nomad

Monthly Cost of Living

How much you'll spend in Caracas and in Toronto

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

A single person spends $1,379 per month in Caracas vs $2,599 in Toronto, rent included.

Caracas $1,379
Toronto $2,599

A couple spends around $2,304 per month in Caracas vs $3,700 in Toronto, rent included.

Caracas $2,304
Toronto $3,700

A family of three spends $3,229 per month in Caracas vs $4,801 in Toronto, rent included.

Caracas $3,229
Toronto $4,801

Caracas is about 47% cheaper than Toronto, and outside of rent the biggest gap is in eating out.

Both Caracas and Toronto sit above the global median – Caracas by 2%, Toronto by 92%.

Meal at Budget Restaurant

$10.91 VES 9,741

$17.98 CA$25.09

-39.32%

Three-Course Dinner for Two, Mid-Range

$66.3 VES 59.2K

$72.3 CA$101

-8.23%

Fast Food Meal (McDonalds, etc)

$11.16 VES 9,966

$10.83 CA$15.11

3.05%

Cappuccino

$3.66 VES 3,271

$4.34 CA$6.06

-15.67%

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

$1.51 VES 1,346

$2.16 CA$3.01

-30.09%

Water (0.33 liter bottle)

$1.28 VES 1,144

$1.66 CA$2.31

-22.89%

Local Beer (0.5 liter draught)

$1.96 VES 1,753

$6.35 CA$8.86

-69.13%

Imported Beer (0.33 liter bottle)

$3.08 VES 2,751

$7.34 CA$10.25

-58.04%

Milk (1 liter)

$2.77 VES 2,469

$2.57 CA$3.59

7.78%

White Bread (500g)

$2.21 VES 1,970

$2.71 CA$3.78

-18.45%

Rice (white) (1kg)

$1.89 VES 1,688

$2.28 CA$3.18

-17.11%

Eggs

$4.84 VES 4,322

$3.60 CA$5.03

34.44%

Local Cheese (1kg)

$10.11 VES 9,026

$8.94 CA$12.48

13.09%

Chicken Fillets (1kg)

$9.04 VES 8,072

$11.19 CA$15.62

-19.21%

Beef Round Steak (1kg)

$11.30 VES 10.1K

$15.23 CA$21.25

-25.80%

Apples (1kg)

$7.33 VES 6,544

$3.74 CA$5.23

95.99%

Banana (1kg)

$2.07 VES 1,845

$1.23 CA$1.71

68.29%

Oranges (1kg)

$2.12 VES 1,891

$3.58 CA$5.00

-40.78%

Tomato (1kg)

$2.35 VES 2,095

$4.25 CA$5.93

-44.71%

Potato (1kg)

$2.24 VES 1,999

$1.94 CA$2.71

15.46%

Onion (1kg)

$2.12 VES 1,896

$1.67 CA$2.33

26.95%

Lettuce (1 head)

$1.56 VES 1,396

$2.30 CA$3.21

-32.17%

Water (1.5 liter bottle)

$2.30 VES 2,053

$1.26 CA$1.76

82.54%

Cigarettes 20 Pack (Marlboro, Camel)

$4.65 VES 4,154

$14.19 CA$19.81

-67.23%

Wine (Bottle)

$11.96 VES 10.7K

$14.25 CA$19.89

-16.07%

Local Beer (0.5 liter bottle)

$1.42 VES 1,269

$2.28 CA$3.18

-37.72%

Imported Beer (0.33 liter bottle)

$2.06 VES 1,841

$2.58 CA$3.61

-20.16%

One-way Ticket (Public Transport)

$0.43 VES 383

$2.35 CA$3.29

-81.70%

Public Transport Monthly Pass (Regular Price)

$29.70 VES 26.5K

$111 CA$155

-73.24%

Taxi Start (Normal Tariff)

$4.98 VES 4,445

$3.01 CA$4.21

65.45%

Taxi (Normal Tariff) (1km)

$2.83 VES 2,522

$1.22 CA$1.71

131.97%

Taxi 1hour Waiting (Normal Tariff)

$15.29 VES 13.6K

$21.82 CA$30.47

-29.93%

Gasoline (1 liter)

$0.82 VES 735

$1.23 CA$1.72

-33.33%

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

$24.7K VES 22.1M

$27.0K CA$37.6K

-8.33%

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

$38.7K VES 34.5M

$21.8K CA$30.5K

77.08%

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

$21.98 VES 19.6K

$121 CA$169

-81.80%

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

$11.88 VES 10.6K

$33.10 CA$46.21

-64.11%

Internet (50+ Mbps, Unlimited Data)

$38.70 VES 34.5K

$49.09 CA$68.5

-21.17%

Gym Membership (Monthly)

$66.8 VES 59.6K

$36.65 CA$51.2

82.18%

Tennis Court (1 Hour on Weekend)

$17.64 VES 15.7K

$25.01 CA$34.91

-29.47%

Cinema Ticket

$6.44 VES 5,744

$12.78 CA$17.84

-49.61%

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

$160 VES 142.5K

$754 CA$1,053

-78.84%

International Primary School, 1 Child (Yearly)

$6,063 VES 5.4M

$33.7K CA$47.0K

-82.00%

Jeans (Levis 501 Or Similar)

$82.4 VES 73.5K

$50.4 CA$70.3

63.46%

Summer Dress (H&M, Zara, etc)

$51.9 VES 46.3K

$41.43 CA$57.8

25.20%

Sport Shoes (Adidas, Nike)

$135 VES 120.6K

$101 CA$141

33.48%

Men's Leather Business Shoes

$134 VES 120.0K

$130 CA$182

3.26%

1-bedroom Apartment, City Center (Monthly)

$654 VES 583.7K

$1,590 CA$2,219

-58.86%

1-bedroom Apartment, Outside City Center (Monthly)

$467 VES 416.8K

$1,424 CA$1,988

-67.21%

3-bedroom Apartment, City Center (Monthly)

$1,182 VES 1.1M

$2,641 CA$3,687

-55.24%

3-bedroom Apartment, Outside City Center (Monthly)

$964 VES 860.9K

$2,090 CA$2,918

-53.85%

Buy Apartment in City Center (m2)

$1,488 VES 1.3M

$7,730 CA$10.8K

-80.75%

Buy Apartment Outside City Center (m2)

$689 VES 615.2K

$6,892 CA$9,620

-90.00%

Average Monthly Net Salary (After Tax)

$309 VES 276.2K

$3,623 CA$5,057

-91.46%

20-Year Fixed Mortgage Interest Rate (Annual %)

4.45

394.38%

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

Last update for Caracas: November 1, 2026

Last update for Toronto: November 2, 2026

Monthly budget structure

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

Accommodation & Living

Caracas

$467 33.9%

Toronto

$1.4K 54.8% 205% $957

Groceries & Markets

Caracas

$335 24.3%

Toronto

$345 13.3% 2.9% $9.6

Eating Out

Caracas

$192 13.9%

Toronto

$290 11.2% 51.2% $98

Clothing & Footwear

Caracas

$182 13.2%

Toronto

$145 5.6% 20% $36

Sport & Entertainment

Caracas

$80 5.8%

Toronto

$62 2.4% 21.9% $17

Monthly Utilities & Internet

Caracas

$73 5.3%

Toronto

$203 7.8% 180% $130

Getting Around

Caracas

$51 3.7%

Toronto

$130 5% 156% $79

Cost Breakdown

A central one-bedroom costs $654 in Caracas versus $1,590 in Toronto. Rent is usually the largest line item in a monthly budget, so the gap here sets the tone for the overall comparison.

Salaries in Toronto are about 12 times higher. Purchasing power depends on which expenses matter most to you.

A mid-range dinner for two costs $66 in Caracas versus $72 in Toronto. Monthly groceries follow the same trend: $335 vs $345 – making Caracas the more affordable choice for daily food spending.

Good to know

🇻🇪 Caracas

🇨🇦 Toronto

🕒 Local time

20:33 8:33 PM

19:33 7:33 PM

1 h behind Caracas

🌤 Weather

👥 Population

3,274,000 Capital

2,731,571

💱 Currency

Venezuelan Bolívar VES Bs.S

Canadian Dollar CAD $

📈 Exchange rate

10,000 VES = 11.2 USD

10,000 VES = 9.98 EUR

1 CAD = 0.716 USD

1 CAD = 0.638 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 November 6, 2026: 1 USD = 893 VES (1,000 VES = 1.12 USD). 1 EUR = 1,002 VES (10,000 VES = 9.98 EUR).

Canadian Dollar exchange rates as of November 6, 2026: 1 USD = 1.4 CAD (1 CAD = 0.716 USD). 1 EUR = 1.57 CAD (1 CAD = 0.638 EUR).

USD to VES in detail →

On the map

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Between locations

Caracas Toronto 3,880 km ≈ 5 h nonstop flight

From you

Caracas
Toronto

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 Toronto: Cost of Living - Frequently Asked Questions

Yes – Toronto is pricier by about 89%, and outside of rent the gap shows up most in eating out.

For a comfortable life, plan on about $2,068 per month in Caracas and $3,899 in Toronto. 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: a one-bedroom in the center costs $654 there versus $1,590 in Toronto.

Public transport costs about 73% less in Caracas. For daily commuters, that gap adds up to noticeable savings over a year.

Kindergarten costs $160 per month in Caracas and $754 in Toronto. For families with young kids, this one expense can tip the scales when choosing between the two cities.

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 or specific career opportunities are the priority, Toronto makes more sense. Both are solid long-term options with distinct trade-offs.