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 $667 per month in Isla de Margarita vs $1,346 in Caracas, rent included.

A couple spends around $1,238 per month in Isla de Margarita vs $2,233 in Caracas, rent included.

A family of three spends $1,808 per month in Isla de Margarita vs $3,120 in Caracas, rent included.

Isla de Margarita is about 50% 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 2% lower.

Meal at Budget Restaurant

$9.92 VES 7,695

$10.93 VES 8,474

-9.24%

Three-Course Dinner for Two, Mid-Range

$79.8 VES 61.9K

$67.5 VES 52.3K

18.28%

Fast Food Meal (McDonalds, etc)

$11.12 VES 8,624

Cappuccino

$2.57 VES 1,995

$3.60 VES 2,789

-28.61%

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

$0.98 VES 763

$1.56 VES 1,210

-37.18%

Water (0.33 liter bottle)

$1.52 VES 1,182

$1.35 VES 1,043

12.59%

Local Beer (0.5 liter draught)

$1.02 VES 795

$1.96 VES 1,523

-47.96%

Imported Beer (0.33 liter bottle)

$3.04 VES 2,356

$2.93 VES 2,275

3.75%

Milk (1 liter)

$1.97 VES 1,527

$2.68 VES 2,081

-26.49%

White Bread (500g)

$2.93 VES 2,272

$2.22 VES 1,718

31.98%

Rice (white) (1kg)

$1.97 VES 1,529

$1.90 VES 1,474

3.68%

Eggs

$2.41 VES 1,872

$4.80 VES 3,723

-49.79%

Local Cheese (1kg)

$7.85 VES 6,088

$10.12 VES 7,850

-22.43%

Chicken Fillets (1kg)

$7.80 VES 6,048

$9.29 VES 7,202

-16.04%

Beef Round Steak (1kg)

$7.91 VES 6,133

$11.28 VES 8,750

-29.88%

Apples (1kg)

$4.05 VES 3,140

$7.05 VES 5,466

-42.55%

Banana (1kg)

$1.49 VES 1,153

$1.95 VES 1,512

-23.59%

Oranges (1kg)

$1.97 VES 1,527

$2.18 VES 1,691

-9.63%

Tomato (1kg)

$2.43 VES 1,882

$2.26 VES 1,749

7.52%

Potato (1kg)

$1.47 VES 1,138

$2.28 VES 1,765

-35.53%

Onion (1kg)

$1.82 VES 1,415

$2.16 VES 1,678

-15.74%

Lettuce (1 head)

$1.01 VES 785

$1.61 VES 1,250

-37.27%

Water (1.5 liter bottle)

$2.30 VES 1,781

Cigarettes 20 Pack (Marlboro, Camel)

$4.50 VES 3,489

Wine (Bottle)

$5.13 VES 3,980

$12.24 VES 9,488

-58.09%

Local Beer (0.5 liter bottle)

$1.02 VES 791

$1.42 VES 1,103

-28.17%

Imported Beer (0.33 liter bottle)

$1.47 VES 1,139

$2.16 VES 1,676

-31.94%

One-way Ticket (Public Transport)

$0.51 VES 398

Public Transport Monthly Pass (Regular Price)

$29.99 VES 23.3K

Taxi Start (Normal Tariff)

$3.05 VES 2,362

$4.95 VES 3,838

-38.38%

Taxi (Normal Tariff) (1km)

$3.05 VES 2,367

$2.82 VES 2,186

8.16%

Taxi 1hour Waiting (Normal Tariff)

$15.19 VES 11.8K

Gasoline (1 liter)

$0.79 VES 610

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

$25.1K VES 19.5M

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

$37.8K VES 29.3M

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

$29.75 VES 23.1K

$23.27 VES 18.0K

27.85%

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

$15.07 VES 11.7K

$11.68 VES 9,056

29.02%

Internet (50+ Mbps, Unlimited Data)

$39.69 VES 30.8K

$37.92 VES 29.4K

4.67%

Gym Membership (Monthly)

$50.9 VES 39.5K

$67.0 VES 51.9K

-23.97%

Tennis Court (1 Hour on Weekend)

$15.20 VES 11.8K

$17.70 VES 13.7K

-14.12%

Cinema Ticket

$4.88 VES 3,783

$6.68 VES 5,177

-26.95%

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

$163 VES 126.2K

International Primary School, 1 Child (Yearly)

$6,026 VES 4.7M

Jeans (Levis 501 Or Similar)

$78.8 VES 61.1K

$74.7 VES 57.9K

5.42%

Summer Dress (H&M, Zara, etc)

$45.49 VES 35.3K

Sport Shoes (Adidas, Nike)

$99.1 VES 76.8K

$127 VES 98.2K

-21.80%

Men's Leather Business Shoes

$99.6 VES 77.2K

$137 VES 106.6K

-27.56%

1-bedroom Apartment, City Center (Monthly)

$294 VES 228.1K

$610 VES 473.0K

-51.78%

1-bedroom Apartment, Outside City Center (Monthly)

$425 VES 329.3K

3-bedroom Apartment, City Center (Monthly)

$508 VES 394.2K

$1,125 VES 872.5K

-54.83%

3-bedroom Apartment, Outside City Center (Monthly)

$879 VES 681.3K

Buy Apartment in City Center (m2)

$596 VES 462.0K

$1,487 VES 1.2M

-59.93%

Buy Apartment Outside City Center (m2)

$679 VES 526.3K

Average Monthly Net Salary (After Tax)

$300 VES 232.6K

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: August 18, 2026

Last update for Caracas: August 18, 2026

Cost Breakdown

A central one-bedroom costs $294 in Isla de Margarita versus $610 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 $80.0 in Isla de Margarita versus $67.0 in Caracas. Groceries tell a different story – $232 in Isla de Margarita vs $334 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 102%, 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 $1,000 per month in Isla de Margarita and $2,019 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 44% 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 $80.0 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 $667, than in Caracas at $1,346. 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.