Cost of Living Comparison Between Isla de Margarita and Caracas Cost of Living Comparison Between Isla de Margarita and Caracas

Monthly Cost of Living

A single person spends $663 per month in Isla de Margarita vs $1,187 in Caracas, rent included.

A couple spends around $1,232 per month in Isla de Margarita vs $1,996 in Caracas, rent included.

A family of three spends $1,801 per month in Isla de Margarita vs $2,805 in Caracas, rent included.

Isla de Margarita is about 44% cheaper than Caracas, driven mainly by Eating Out.

Both Isla de Margarita and Caracas are more affordable than the global median – Isla de Margarita 51% lower, Caracas 11% lower.

Meal at Budget Restaurant

$9.96 VES 4,850

$12.09 VES 5,888

-17.62%

Three-Course Dinner for Two, Mid-Range

$79.1 VES 38.5K

$55.6 VES 27.1K

42.09%

Fast Food Meal (McDonalds, etc)

$10.07 VES 4,905

Cappuccino

$2.51 VES 1,224

$2.54 VES 1,238

-1.18%

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

$1.02 VES 495

$1.27 VES 621

-19.69%

Water (0.33 liter bottle)

$1.52 VES 742

$0.97 VES 470

56.70%

Local Beer (0.5 liter draught)

$0.98 VES 477

$1.53 VES 743

-35.95%

Imported Beer (0.33 liter bottle)

$3.09 VES 1,504

$2.93 VES 1,427

5.46%

Milk (1 liter)

$1.96 VES 954

$1.80 VES 876

8.89%

White Bread (500g)

$2.95 VES 1,435

$2.70 VES 1,318

9.26%

Rice (white) (1kg)

$1.96 VES 957

$1.43 VES 697

37.06%

Eggs

$2.45 VES 1,195

$2.87 VES 1,400

-14.63%

Local Cheese (1kg)

$8.24 VES 4,013

$9.94 VES 4,844

-17.10%

Chicken Fillets (1kg)

$7.78 VES 3,792

$7.69 VES 3,745

1.17%

Beef Round Steak (1kg)

$7.90 VES 3,849

$7.42 VES 3,616

6.47%

Apples (1kg)

$3.88 VES 1,891

$5.26 VES 2,564

-26.24%

Banana (1kg)

$1.52 VES 742

$1.78 VES 865

-14.61%

Oranges (1kg)

$2.01 VES 982

$2.20 VES 1,071

-8.64%

Tomato (1kg)

$2.43 VES 1,181

$2.07 VES 1,006

17.39%

Potato (1kg)

$1.47 VES 717

$2.65 VES 1,291

-44.53%

Onion (1kg)

$1.78 VES 866

$2.06 VES 1,004

-13.59%

Lettuce (1 head)

$0.99 VES 481

$1.31 VES 637

-24.43%

Water (1.5 liter bottle)

$1.89 VES 922

Cigarettes 20 Pack (Marlboro, Camel)

$4.07 VES 1,983

Wine (Bottle)

$4.88 VES 2,378

$9.92 VES 4,831

-50.81%

Local Beer (0.5 liter bottle)

$0.98 VES 477

$1.50 VES 731

-34.67%

Imported Beer (0.33 liter bottle)

$1.52 VES 742

$2.02 VES 983

-24.75%

One-way Ticket (Public Transport)

$0.72 VES 353

Public Transport Monthly Pass (Regular Price)

$29.48 VES 14.4K

Taxi Start (Normal Tariff)

$2.92 VES 1,423

$5.10 VES 2,485

-42.75%

Taxi (Normal Tariff) (1km)

$3.02 VES 1,470

$2.73 VES 1,331

10.62%

Taxi 1hour Waiting (Normal Tariff)

$10.02 VES 4,882

Gasoline (1 liter)

$0.48 VES 235

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

$25.4K VES 12.4M

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

$39.1K VES 19.0M

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

$29.45 VES 14.3K

$19.86 VES 9,676

48.29%

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

$14.74 VES 7,178

$13.32 VES 6,490

10.66%

Internet (50+ Mbps, Unlimited Data)

$40.33 VES 19.6K

$39.24 VES 19.1K

2.78%

Gym Membership (Monthly)

$50.9 VES 24.8K

$68.6 VES 33.4K

-25.70%

Tennis Court (1 Hour on Weekend)

$14.73 VES 7,174

$15.51 VES 7,557

-5.03%

Cinema Ticket

$4.92 VES 2,398

$6.09 VES 2,969

-19.21%

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

$133 VES 64.8K

International Primary School, 1 Child (Yearly)

$5,439 VES 2.6M

Jeans (Levis 501 Or Similar)

$78.9 VES 38.4K

$63.1 VES 30.7K

24.94%

Summer Dress (H&M, Zara, etc)

$38.68 VES 18.8K

Sport Shoes (Adidas, Nike)

$101 VES 49.2K

$103 VES 50.4K

-2.27%

Men's Leather Business Shoes

$102 VES 49.6K

$116 VES 56.7K

-12.61%

1-bedroom Apartment, City Center (Monthly)

$298 VES 144.9K

$452 VES 220.0K

-34.14%

1-bedroom Apartment, Outside City Center (Monthly)

$369 VES 179.7K

3-bedroom Apartment, City Center (Monthly)

$498 VES 242.7K

$992 VES 483.1K

-49.75%

3-bedroom Apartment, Outside City Center (Monthly)

$847 VES 412.4K

Buy Apartment in City Center (m2)

$589 VES 286.8K

$1,421 VES 692.3K

-58.58%

Buy Apartment Outside City Center (m2)

$687 VES 334.6K

Average Monthly Net Salary (After Tax)

$304 VES 148.2K

20-Year Fixed Mortgage Interest Rate (Annual %)

21.33

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

Last update for Isla de Margarita: April 27, 2026

Last update for Caracas: April 25, 2026

Cost Breakdown

A central one-bedroom costs $298 in Isla de Margarita versus $452 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 $79.0 in Isla de Margarita versus $56.0 in Caracas. Groceries tell a different story – $232 in Isla de Margarita vs $280 in Caracas – so Isla de Margarita wins on supermarket bills even if dining out costs more.

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 79%, and the gap shows up most in Eating Out. It's not just housing either; the difference applies across most spending categories.

For a comfortable life, plan on about $994 per month in Isla de Margarita and $1,780 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 21% 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 $79.0 in Isla de Margarita and $56.0 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 $663, than in Caracas at $1,187. 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.