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 $648 per month in Isla de Margarita vs $1,192 in Caracas, rent included.

A couple spends around $1,210 per month in Isla de Margarita vs $2,011 in Caracas, rent included.

A family of three spends $1,771 per month in Isla de Margarita vs $2,830 in Caracas, rent included.

Isla de Margarita is about 46% cheaper than Caracas, driven mainly by Groceries & Markets.

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

$10.10 VES 6,013

$11.97 VES 7,126

-15.62%

Three-Course Dinner for Two, Mid-Range

$81.5 VES 48.5K

$55.1 VES 32.8K

48.04%

Fast Food Meal (McDonalds, etc)

$10.15 VES 6,044

Cappuccino

$2.48 VES 1,474

$2.62 VES 1,557

-5.34%

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

$0.97 VES 580

$1.26 VES 750

-23.02%

Water (0.33 liter bottle)

$1.53 VES 911

$1.04 VES 618

47.12%

Local Beer (0.5 liter draught)

$1.02 VES 609

$1.46 VES 868

-30.14%

Imported Beer (0.33 liter bottle)

$3.06 VES 1,824

$2.97 VES 1,766

3.03%

Milk (1 liter)

$1.97 VES 1,171

$1.87 VES 1,114

5.35%

White Bread (500g)

$2.97 VES 1,767

$2.71 VES 1,616

9.59%

Rice (white) (1kg)

$1.96 VES 1,167

$1.50 VES 893

30.67%

Eggs

$2.35 VES 1,398

$2.81 VES 1,672

-16.37%

Local Cheese (1kg)

$8.17 VES 4,865

$10.00 VES 5,951

-18.30%

Chicken Fillets (1kg)

$8.09 VES 4,813

$7.41 VES 4,412

9.18%

Beef Round Steak (1kg)

$8.03 VES 4,778

$7.51 VES 4,471

6.92%

Apples (1kg)

$3.89 VES 2,316

$5.24 VES 3,121

-25.76%

Banana (1kg)

$1.46 VES 870

$1.78 VES 1,058

-17.98%

Oranges (1kg)

$1.98 VES 1,179

$2.28 VES 1,359

-13.16%

Tomato (1kg)

$2.57 VES 1,528

$2.00 VES 1,189

28.50%

Potato (1kg)

$1.48 VES 883

$2.68 VES 1,596

-44.78%

Onion (1kg)

$1.78 VES 1,060

$2.06 VES 1,229

-13.59%

Lettuce (1 head)

$1.02 VES 607

$1.35 VES 802

-24.44%

Water (1.5 liter bottle)

$1.87 VES 1,113

Cigarettes 20 Pack (Marlboro, Camel)

$4.12 VES 2,452

Wine (Bottle)

$4.94 VES 2,938

$11.98 VES 7,131

-58.76%

Local Beer (0.5 liter bottle)

$1.02 VES 608

$1.45 VES 864

-29.66%

Imported Beer (0.33 liter bottle)

$1.48 VES 882

$1.95 VES 1,158

-24.10%

One-way Ticket (Public Transport)

$0.77 VES 460

Public Transport Monthly Pass (Regular Price)

$29.76 VES 17.7K

Taxi Start (Normal Tariff)

$2.92 VES 1,736

$5.06 VES 3,013

-42.29%

Taxi (Normal Tariff) (1km)

$3.02 VES 1,801

$2.65 VES 1,578

13.96%

Taxi 1hour Waiting (Normal Tariff)

$10.15 VES 6,043

Gasoline (1 liter)

$0.48 VES 288

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

$25.3K VES 15.1M

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

$40.1K VES 23.9M

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

$30.35 VES 18.1K

$20.56 VES 12.2K

47.62%

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

$15.09 VES 8,982

$12.82 VES 7,633

17.71%

Internet (50+ Mbps, Unlimited Data)

$39.38 VES 23.4K

$40.73 VES 24.2K

-3.31%

Gym Membership (Monthly)

$50.4 VES 30.0K

$67.0 VES 39.9K

-24.87%

Tennis Court (1 Hour on Weekend)

$15.23 VES 9,064

$14.99 VES 8,925

1.60%

Cinema Ticket

$5.08 VES 3,023

$5.96 VES 3,550

-14.77%

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

$134 VES 79.5K

International Primary School, 1 Child (Yearly)

$5,422 VES 3.2M

Jeans (Levis 501 Or Similar)

$78.9 VES 47.0K

$63.1 VES 37.6K

25.14%

Summer Dress (H&M, Zara, etc)

$39.62 VES 23.6K

Sport Shoes (Adidas, Nike)

$99.3 VES 59.1K

$105 VES 62.4K

-5.25%

Men's Leather Business Shoes

$101 VES 60.0K

$117 VES 69.6K

-13.84%

1-bedroom Apartment, City Center (Monthly)

$304 VES 181.0K

$459 VES 273.3K

-33.78%

1-bedroom Apartment, Outside City Center (Monthly)

$374 VES 222.4K

3-bedroom Apartment, City Center (Monthly)

$494 VES 294.1K

$970 VES 577.2K

-49.04%

3-bedroom Apartment, Outside City Center (Monthly)

$837 VES 498.5K

Buy Apartment in City Center (m2)

$604 VES 359.4K

$1,501 VES 893.6K

-59.78%

Buy Apartment Outside City Center (m2)

$681 VES 405.6K

Average Monthly Net Salary (After Tax)

$297 VES 176.8K

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: June 14, 2026

Last update for Caracas: June 14, 2026

Cost Breakdown

A central one-bedroom costs $304 in Isla de Margarita versus $459 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 $82.0 in Isla de Margarita versus $55.0 in Caracas. Groceries tell a different story – $235 in Isla de Margarita vs $284 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 84%, and the gap shows up most in Groceries & Markets. It's not just housing either; the difference applies across most spending categories.

For a comfortable life, plan on about $972 per month in Isla de Margarita and $1,788 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 $82.0 in Isla de Margarita and $55.0 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 $648, than in Caracas at $1,192. 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.