Last update: Nov 2026

Cost of Living Comparison Between Farmington, NM and Caracas

For one person, living is cheaper in Caracas: $1,379 a month against $3,241 in Farmington, NM, rent and utilities included – about $22,300 less a year. Rent and utilities account for most of the difference.

156

Cost of Living Index in Farmington, NM
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Farmington, NM Living Index
65

Cost of Living Index in Caracas
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Caracas Living Index

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Farmington, NM

🇺🇸 United States

$3,241

/mo nomad

Caracas

🇻🇪 Venezuela

$1,379

/mo nomad

Monthly Cost of Living

How much you'll spend in Farmington, NM and in Caracas

Real prices from locals and on-the-ground checks – rent, groceries, transit and the daily extras. Here's what a month in Farmington, NM and in Caracas actually costs, broken down by who's living it.

A single person spends $3,241 per month in Farmington, NM vs $1,379 in Caracas, rent included.

Farmington, NM $3,241
Caracas $1,379

A couple spends around $4,359 per month in Farmington, NM vs $2,304 in Caracas, rent included.

Farmington, NM $4,359
Caracas $2,304

A family of three spends $5,477 per month in Farmington, NM vs $3,229 in Caracas, rent included.

Farmington, NM $5,477
Caracas $3,229

Farmington, NM costs about 135% more than Caracas, and outside of rent the biggest gap is in eating out.

Both Farmington, NM and Caracas sit above the global median – Farmington, NM by 140%, Caracas by 2%.

Meal at Budget Restaurant

$20.27 $20.27

$10.91 VES 9,754

85.79%

Three-Course Dinner for Two, Mid-Range

$49.47 $49.47

$66.3 VES 59.3K

-25.40%

Fast Food Meal (McDonalds, etc)

$11.73 $11.73

$11.16 VES 9,980

5.11%

Cappuccino

$6.16 $6.16

$3.66 VES 3,275

68.31%

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

$2.34 $2.34

$1.51 VES 1,348

54.97%

Water (0.33 liter bottle)

$1.74 $1.74

$1.28 VES 1,146

35.94%

Local Beer (0.5 liter draught)

$7.89 $7.89

$1.96 VES 1,756

302.55%

Imported Beer (0.33 liter bottle)

$13.02 $13.02

$3.08 VES 2,755

322.73%

Milk (1 liter)

$0.95 $0.95

$2.77 VES 2,473

-65.70%

White Bread (500g)

$3.48 $3.48

$2.21 VES 1,973

57.47%

Rice (white) (1kg)

$4.45 $4.45

$1.89 VES 1,690

135.45%

Eggs

$4.06 $4.06

$4.84 VES 4,328

-16.12%

Local Cheese (1kg)

$7.57 $7.57

$10.11 VES 9,038

-25.12%

Chicken Fillets (1kg)

$13.14 $13.14

$9.04 VES 8,083

45.35%

Beef Round Steak (1kg)

$16.47 $16.47

$11.30 VES 10.1K

45.75%

Apples (1kg)

$3.15 $3.15

$7.33 VES 6,553

-57.03%

Banana (1kg)

$1.68 $1.68

$2.07 VES 1,848

-18.84%

Oranges (1kg)

$4.37 $4.37

$2.12 VES 1,893

106.13%

Tomato (1kg)

$4.74 $4.74

$2.35 VES 2,098

101.70%

Potato (1kg)

$2.86 $2.86

$2.24 VES 2,002

27.68%

Onion (1kg)

$2.98 $2.98

$2.12 VES 1,899

40.57%

Lettuce (1 head)

$2.22 $2.22

$1.56 VES 1,398

42.31%

Water (1.5 liter bottle)

$2.31 $2.31

$2.30 VES 2,056

0.43%

Cigarettes 20 Pack (Marlboro, Camel)

$10.13 $10.13

$4.65 VES 4,159

117.85%

Wine (Bottle)

$14.85 $14.85

$11.96 VES 10.7K

24.16%

Local Beer (0.5 liter bottle)

$1.79 $1.79

$1.42 VES 1,270

26.06%

Imported Beer (0.33 liter bottle)

$3.65 $3.65

$2.06 VES 1,844

77.18%

One-way Ticket (Public Transport)

$2.02 $2.02

$0.43 VES 384

369.77%

Public Transport Monthly Pass (Regular Price)

$29.95 $29.95

$29.70 VES 26.5K

0.84%

Taxi Start (Normal Tariff)

$3.70 $3.70

$4.98 VES 4,451

-25.70%

Taxi (Normal Tariff) (1km)

$1.87 $1.87

$2.83 VES 2,526

-33.92%

Taxi 1hour Waiting (Normal Tariff)

$31.36 $31.36

$15.29 VES 13.7K

105.10%

Gasoline (1 liter)

$1.06 $1.06

$0.82 VES 736

29.27%

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

$31.6K $31.6K

$24.7K VES 22.1M

27.87%

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

$26.1K $26.1K

$38.7K VES 34.6M

-32.63%

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

$395 $395

$21.98 VES 19.6K

1695.27%

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

$57.8 $57.8

$11.88 VES 10.6K

386.28%

Internet (50+ Mbps, Unlimited Data)

$114 $114

$38.70 VES 34.6K

194.81%

Gym Membership (Monthly)

$40.36 $40.36

$66.8 VES 59.7K

-39.55%

Tennis Court (1 Hour on Weekend)

$17.64 VES 15.8K

Cinema Ticket

$12.21 $12.21

$6.44 VES 5,752

89.60%

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

$1,524 $1,524

$160 VES 142.7K

854.54%

International Primary School, 1 Child (Yearly)

$22.9K $22.9K

$6,063 VES 5.4M

278.45%

Jeans (Levis 501 Or Similar)

$52.5 $52.5

$82.4 VES 73.6K

-36.25%

Summer Dress (H&M, Zara, etc)

$41.85 $41.85

$51.9 VES 46.4K

-19.32%

Sport Shoes (Adidas, Nike)

$88.1 $88.1

$135 VES 120.8K

-34.78%

Men's Leather Business Shoes

$114 $114

$134 VES 120.2K

-14.99%

1-bedroom Apartment, City Center (Monthly)

$1,740 $1,740

$654 VES 584.5K

166.04%

1-bedroom Apartment, Outside City Center (Monthly)

$1,692 $1,692

$467 VES 417.4K

262.43%

3-bedroom Apartment, City Center (Monthly)

$2,572 $2,572

$1,182 VES 1.1M

117.58%

3-bedroom Apartment, Outside City Center (Monthly)

$2,494 $2,494

$964 VES 862.1K

158.64%

Buy Apartment in City Center (m2)

$2,113 $2,113

$1,488 VES 1.3M

41.99%

Buy Apartment Outside City Center (m2)

$2,107 $2,107

$689 VES 616.1K

205.75%

Average Monthly Net Salary (After Tax)

$7,157 $7,157

$309 VES 276.6K

2213.35%

20-Year Fixed Mortgage Interest Rate (Annual %)

6.59

-70.05%

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

Last update for Farmington, NM: November 1, 2026

Last update for Caracas: November 1, 2026

Monthly budget structure

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

Accommodation & Living

Farmington, NM

$1.7K 52.2%

Caracas

$467 33.9% 72.4% $1.2K

Monthly Utilities & Internet

Farmington, NM

$566 17.5%

Caracas

$73 5.3% 87.2% $494

Groceries & Markets

Farmington, NM

$380 11.7%

Caracas

$335 24.3% 11.8% $45

Eating Out

Farmington, NM

$353 10.9%

Caracas

$192 13.9% 45.6% $161

Clothing & Footwear

Farmington, NM

$134 4.1%

Caracas

$182 13.2% 36.1% $48

Sport & Entertainment

Farmington, NM

$65 2%

Caracas

$80 5.8% 22.9% $15

Getting Around

Farmington, NM

$51 1.6%

Caracas

$51 3.7% 1.1% $0.6

Cost Breakdown

A central one-bedroom costs $1,740 in Farmington, NM versus $654 in Caracas. Rent is usually the largest line item in a monthly budget, so the gap here sets the tone for the overall comparison.

Salaries in Farmington, NM are about 23 times higher. Purchasing power depends on which expenses matter most to you.

A mid-range dinner for two costs $49 in Farmington, NM versus $66 in Caracas. Groceries tell a different story – $380 in Farmington, NM vs $335 in Caracas – so Caracas wins on supermarket bills even if dining out costs more.

Good to know

🇺🇸 Farmington, NM

🇻🇪 Caracas

🕒 Local time

17:09 5:09 PM

20:09 8:09 PM

3 h ahead of Farmington, NM

🌤 Weather

👥 Population

18,207

3,274,000 Capital

💱 Currency

United States Dollar USD $

Venezuelan Bolívar VES Bs.S

📈 Exchange rate

1 USD = 0.895 EUR

1,000 VES = 1.12 USD

1,000 VES = 1 EUR

Exchange rates and currency converter

VES, EUR to USD – United States Dollar Converter

🇻🇪 Venezuelan Bolívar (Bs.S)

🇺🇸 United States Dollar ($)

United States Dollar exchange rates as of November 7, 2026: 1 EUR = 1.12 USD (1 USD = 0.895 EUR).

Venezuelan Bolívar exchange rates as of November 7, 2026: 1 USD = 894 VES (1,000 VES = 1.12 USD). 1 EUR = 999 VES (1,000 VES = 1 EUR).

VES to USD in detail →

On the map

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Between locations

Farmington, NM Caracas 5,060 km ≈ 7 h nonstop flight

From you

Farmington, NM
Caracas

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

Farmington, NM vs Caracas: Cost of Living - Frequently Asked Questions

Yes – Farmington, NM is pricier by about 135%, and outside of rent the gap shows up most in eating out.

For a comfortable life, plan on about $4,862 per month in Farmington, NM and $2,068 in Caracas. 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 $1,740 in Farmington, NM.

Monthly expenses with rent come to $3,241 in Farmington, NM and $1,379 in Caracas. That makes Caracas about 57% cheaper.

Kindergarten costs $1,524 per month in Farmington, NM and $160 in Caracas. 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, Farmington, NM makes more sense. Both are solid long-term options with distinct trade-offs.