Last update: Oct 2026

Cost of Living Comparison Between Isla de Margarita and Caracas

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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Isla de Margarita

🇻🇪 Venezuela

$653

/mo nomad

Caracas

🇻🇪 Venezuela

$1,338

/mo nomad

Monthly Cost of Living

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

A single person spends $656 per month in Isla de Margarita vs $1,338 in Caracas, rent included.

Isla de Margarita $656
Caracas $1,338

A couple spends around $1,223 per month in Isla de Margarita vs $2,238 in Caracas, rent included.

Isla de Margarita $1,223
Caracas $2,238

A family of three spends $1,790 per month in Isla de Margarita vs $3,138 in Caracas, rent included.

Isla de Margarita $1,790
Caracas $3,138

Isla de Margarita is about 51% cheaper than Caracas, and outside of rent the biggest gap is in groceries.

Both Isla de Margarita and Caracas are more affordable than the global median – Isla de Margarita 51% lower, Caracas 1% lower.

Meal at Budget Restaurant

$10.05 VES 8,821

$10.98 VES 9,642

-8.47%

Three-Course Dinner for Two, Mid-Range

$79.6 VES 69.8K

$67.1 VES 58.9K

18.63%

Fast Food Meal (McDonalds, etc)

$11.16 VES 9,796

Cappuccino

$2.45 VES 2,149

$3.55 VES 3,114

-30.99%

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

$0.99 VES 867

$1.52 VES 1,332

-34.87%

Water (0.33 liter bottle)

$1.48 VES 1,300

$1.30 VES 1,144

13.85%

Local Beer (0.5 liter draught)

$1.03 VES 902

$2.06 VES 1,805

-50.00%

Imported Beer (0.33 liter bottle)

$2.98 VES 2,615

$3.05 VES 2,680

-2.30%

Milk (1 liter)

$1.96 VES 1,718

$2.64 VES 2,313

-25.76%

White Bread (500g)

$2.92 VES 2,561

$2.31 VES 2,032

26.41%

Rice (white) (1kg)

$2.02 VES 1,777

$1.85 VES 1,624

9.19%

Eggs

$2.42 VES 2,122

$4.64 VES 4,076

-47.84%

Local Cheese (1kg)

$8.22 VES 7,217

$10.35 VES 9,083

-20.58%

Chicken Fillets (1kg)

$7.79 VES 6,837

$9.20 VES 8,074

-15.33%

Beef Round Steak (1kg)

$8.04 VES 7,057

$11.64 VES 10.2K

-30.93%

Apples (1kg)

$4.08 VES 3,585

$7.43 VES 6,525

-45.09%

Banana (1kg)

$1.54 VES 1,350

$2.04 VES 1,794

-24.51%

Oranges (1kg)

$1.98 VES 1,736

$2.20 VES 1,931

-10.00%

Tomato (1kg)

$2.43 VES 2,129

$2.38 VES 2,087

2.10%

Potato (1kg)

$1.48 VES 1,303

$2.24 VES 1,965

-33.93%

Onion (1kg)

$1.76 VES 1,541

$2.23 VES 1,958

-21.08%

Lettuce (1 head)

$1.02 VES 900

$1.62 VES 1,424

-37.04%

Water (1.5 liter bottle)

$2.41 VES 2,119

Cigarettes 20 Pack (Marlboro, Camel)

$4.71 VES 4,132

Wine (Bottle)

$4.92 VES 4,322

$11.84 VES 10.4K

-58.45%

Local Beer (0.5 liter bottle)

$0.98 VES 857

$1.42 VES 1,246

-30.99%

Imported Beer (0.33 liter bottle)

$1.48 VES 1,296

$2.09 VES 1,839

-29.19%

One-way Ticket (Public Transport)

$0.51 VES 448

Public Transport Monthly Pass (Regular Price)

$30.43 VES 26.7K

Taxi Start (Normal Tariff)

$2.94 VES 2,581

$5.08 VES 4,459

-42.13%

Taxi (Normal Tariff) (1km)

$3.06 VES 2,685

$2.83 VES 2,483

8.13%

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)

$30.35 VES 26.6K

$21.94 VES 19.3K

38.33%

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

$15.23 VES 13.4K

$11.99 VES 10.5K

27.02%

Internet (50+ Mbps, Unlimited Data)

$39.29 VES 34.5K

$37.39 VES 32.8K

5.08%

Gym Membership (Monthly)

$50.3 VES 44.2K

$65.9 VES 57.8K

-23.66%

Tennis Court (1 Hour on Weekend)

$15.25 VES 13.4K

$17.83 VES 15.7K

-14.47%

Cinema Ticket

$5.09 VES 4,469

$6.53 VES 5,735

-22.05%

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)

$79.0 VES 69.4K

$81.6 VES 71.6K

-3.13%

Summer Dress (H&M, Zara, etc)

$51.2 VES 45.0K

Sport Shoes (Adidas, Nike)

$98.5 VES 86.5K

$136 VES 119.2K

-27.41%

Men's Leather Business Shoes

$100 VES 87.9K

$131 VES 115.2K

-23.75%

1-bedroom Apartment, City Center (Monthly)

$297 VES 261.2K

$604 VES 529.9K

-50.71%

1-bedroom Apartment, Outside City Center (Monthly)

$425 VES 373.1K

3-bedroom Apartment, City Center (Monthly)

$494 VES 433.6K

$1,103 VES 968.0K

-55.21%

3-bedroom Apartment, Outside City Center (Monthly)

$861 VES 755.7K

Buy Apartment in City Center (m2)

$597 VES 523.8K

$1,464 VES 1.3M

-59.25%

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 Isla de Margarita: October 19, 2026

Last update for Caracas: October 19, 2026

Monthly budget structure

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

Accommodation & Living

Isla de Margarita

–

Caracas

$425 31.8%

Groceries & Markets

Isla de Margarita

–

Caracas

$339 25.4%

Eating Out

Isla de Margarita

–

Caracas

$192 14.3%

Clothing & Footwear

Isla de Margarita

–

Caracas

$180 13.5%

Sport & Entertainment

Isla de Margarita

–

Caracas

$79 5.9%

Monthly Utilities & Internet

Isla de Margarita

–

Caracas

$71 5.3%

Getting Around

Isla de Margarita

–

Caracas

$52 3.9%

Cost Breakdown

A central one-bedroom costs $294 in Isla de Margarita versus $608 in Caracas. 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 $81.0 in Isla de Margarita versus $67.0 in Caracas. Groceries tell a different story – $235 in Isla de Margarita vs $338 in Caracas – so Isla de Margarita wins on supermarket bills even if dining out costs more.

Good to know

🇻🇪 Isla de Margarita

🇻🇪 Caracas

🕒 Local time

05:58 5:58 AM

Same time as Isla de Margarita

🌤 Weather

👥 Population

90,387

3,274,000 Capital

💱 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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Isla de Margarita Caracas 330 km

From you

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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

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

Yes – Caracas is pricier by about 104%, and outside of rent the gap shows up most in groceries.

For a comfortable life, plan on about $984 per month in Isla de Margarita and $2,007 in Caracas. 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 43% 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 $81.0 in Isla de Margarita and $67.0 in Caracas. 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 $656, 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.