Last update: Oct 2026

Cost of Living Comparison Between Richmond and Caracas

For one person, living is cheaper in Caracas: $1,312 a month against $2,453 in Richmond, rent and utilities included – about $13,700 less a year. Rent and utilities account for most of the difference.

119

Cost of Living Index in Richmond
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Richmond Living Index
65

Cost of Living Index in Caracas
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Caracas Living Index

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Richmond

🇨🇦 Canada

$2,453

/mo nomad

Caracas

🇻🇪 Venezuela

$1,312

/mo nomad

Monthly Cost of Living

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

A single person spends $2,453 per month in Richmond vs $1,312 in Caracas, rent included.

Richmond $2,453
Caracas $1,312

A couple spends around $3,549 per month in Richmond vs $2,236 in Caracas, rent included.

Richmond $3,549
Caracas $2,236

A family of three spends $4,646 per month in Richmond vs $3,160 in Caracas, rent included.

Richmond $4,646
Caracas $3,160

Richmond costs about 87% more than Caracas, and outside of rent the biggest gap is in eating out.

Richmond sits 83% above the global median, while Caracas is 2% below – they fall on opposite sides of the world average.

Meal at Budget Restaurant

$15.91 CA$22.68

$10.63 VES 9,293

49.67%

Three-Course Dinner for Two, Mid-Range

$70.1 CA$99.9

$68.2 VES 59.6K

2.79%

Fast Food Meal (McDonalds, etc)

$8.96 CA$12.78

$10.99 VES 9,611

-18.47%

Cappuccino

$4.33 CA$6.17

$3.73 VES 3,266

16.09%

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

$1.93 CA$2.75

$1.54 VES 1,349

25.32%

Water (0.33 liter bottle)

$1.50 CA$2.14

$1.28 VES 1,122

17.19%

Local Beer (0.5 liter draught)

$5.34 CA$7.62

$2.05 VES 1,796

160.49%

Imported Beer (0.33 liter bottle)

$5.63 CA$8.02

$2.91 VES 2,546

93.47%

Milk (1 liter)

$2.17 CA$3.09

$2.76 VES 2,413

-21.38%

White Bread (500g)

$2.14 CA$3.04

$2.32 VES 2,030

-7.76%

Rice (white) (1kg)

$2.30 CA$3.28

$1.89 VES 1,655

21.69%

Eggs

$3.06 CA$4.36

$4.82 VES 4,219

-36.51%

Local Cheese (1kg)

$8.49 CA$12.11

$10.18 VES 8,900

-16.60%

Chicken Fillets (1kg)

$10.80 CA$15.40

$9.44 VES 8,260

14.41%

Beef Round Steak (1kg)

$9.91 CA$14.13

$11.51 VES 10.1K

-13.90%

Apples (1kg)

$2.57 CA$3.67

$7.23 VES 6,322

-64.45%

Banana (1kg)

$1.29 CA$1.84

$1.96 VES 1,713

-34.18%

Oranges (1kg)

$2.55 CA$3.63

$2.13 VES 1,864

19.72%

Tomato (1kg)

$3.60 CA$5.13

$2.37 VES 2,070

51.90%

Potato (1kg)

$2.12 CA$3.02

$2.24 VES 1,956

-5.36%

Onion (1kg)

$1.79 CA$2.55

$2.24 VES 1,957

-20.09%

Lettuce (1 head)

$2.03 CA$2.90

$1.61 VES 1,411

26.09%

Water (1.5 liter bottle)

$1.18 CA$1.68

$2.41 VES 2,104

-51.04%

Cigarettes 20 Pack (Marlboro, Camel)

$14.05 CA$20.03

$4.57 VES 3,994

207.44%

Wine (Bottle)

$12.81 CA$18.26

$12.02 VES 10.5K

6.57%

Local Beer (0.5 liter bottle)

$2.07 CA$2.96

$1.37 VES 1,196

51.09%

Imported Beer (0.33 liter bottle)

$2.17 CA$3.09

$2.17 VES 1,896

One-way Ticket (Public Transport)

$2.04 CA$2.90

$0.51 VES 449

300.00%

Public Transport Monthly Pass (Regular Price)

$72.7 CA$104

$29.63 VES 25.9K

145.22%

Taxi Start (Normal Tariff)

$2.84 CA$4.05

$4.88 VES 4,271

-41.80%

Taxi (Normal Tariff) (1km)

$1.37 CA$1.96

$2.68 VES 2,346

-48.88%

Taxi 1hour Waiting (Normal Tariff)

$15.17 VES 13.3K

Gasoline (1 liter)

$1.31 CA$1.87

$0.86 VES 754

52.33%

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

$23.4K CA$33.4K

$25.1K VES 22.0M

-6.74%

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

$18.6K CA$26.5K

$38.6K VES 33.8M

-51.96%

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

$131 CA$186

$22.07 VES 19.3K

491.84%

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

$32.78 CA$46.72

$11.81 VES 10.3K

177.56%

Internet (50+ Mbps, Unlimited Data)

$45.17 CA$64.4

$38.64 VES 33.8K

16.90%

Gym Membership (Monthly)

$25.84 CA$36.83

$66.8 VES 58.5K

-61.33%

Tennis Court (1 Hour on Weekend)

$2.36 CA$3.37

$17.23 VES 15.1K

-86.30%

Cinema Ticket

$11.93 CA$17.01

$6.48 VES 5,666

84.10%

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

$792 CA$1,129

$159 VES 139.5K

396.78%

International Primary School, 1 Child (Yearly)

$10.4K CA$14.9K

$6,138 VES 5.4M

70.15%

Jeans (Levis 501 Or Similar)

$51.4 CA$73.2

$77.8 VES 68.0K

-33.94%

Summer Dress (H&M, Zara, etc)

$32.59 CA$46.46

$50.6 VES 44.2K

-35.55%

Sport Shoes (Adidas, Nike)

$92.0 CA$131

$136 VES 119.2K

-32.51%

Men's Leather Business Shoes

$116 CA$166

$136 VES 119.2K

-14.69%

1-bedroom Apartment, City Center (Monthly)

$1,843 CA$2,627

$619 VES 541.0K

198.00%

1-bedroom Apartment, Outside City Center (Monthly)

$1,421 CA$2,026

$418 VES 365.3K

240.32%

3-bedroom Apartment, City Center (Monthly)

$2,799 CA$3,990

$1,106 VES 966.9K

153.18%

3-bedroom Apartment, Outside City Center (Monthly)

$2,328 CA$3,318

$887 VES 775.5K

162.56%

Buy Apartment in City Center (m2)

$9,724 CA$13.9K

$1,458 VES 1.3M

566.77%

Buy Apartment Outside City Center (m2)

$8,013 CA$11.4K

$690 VES 603.7K

1060.86%

Average Monthly Net Salary (After Tax)

$3,072 CA$4,379

$304 VES 265.6K

911.58%

20-Year Fixed Mortgage Interest Rate (Annual %)

4.77

-78.32%

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

Last update for Richmond: October 4, 2026

Last update for Caracas: October 3, 2026

Monthly budget structure

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

Accommodation & Living

Richmond

$1.4K 57.9%

Caracas

$418 31.4% 70.6% $1K

Groceries & Markets

Richmond

$295 12%

Caracas

$340 25.6% 15.2% $45

Eating Out

Richmond

$258 10.5%

Caracas

$190 14.3% 26.2% $68

Monthly Utilities & Internet

Richmond

$209 8.5%

Caracas

$73 5.5% 65.2% $136

Clothing & Footwear

Richmond

$131 5.4%

Caracas

$180 13.6% 37.2% $49

Getting Around

Richmond

$91 3.7%

Caracas

$50 3.8% 44.8% $41

Sport & Entertainment

Richmond

$50 2%

Caracas

$80 6% 60.5% $30

Cost Breakdown

A central one-bedroom costs $1,843 in Richmond versus $619 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 run about 912% higher in Richmond, which partly offsets the higher cost of living there. Purchasing power depends on which expenses matter most to you.

A mid-range dinner for two costs $70.0 in Richmond versus $68.0 in Caracas. Groceries tell a different story – $295 in Richmond vs $340 in Caracas – so Richmond wins on supermarket bills even if dining out costs more.

Good to know

🇨🇦 Richmond

🇻🇪 Caracas

🕒 Local time

22:39 10:39 PM

01:39 1:39 AM

3 h ahead of Richmond

🌤 Weather

👥 Population

198,309

3,274,000 Capital

💱 Currency

Canadian Dollar CAD $

Venezuelan Bolívar VES Bs.S

📈 Exchange rate

1 CAD = 0.702 USD

1 CAD = 0.626 EUR

1,000 VES = 1.14 USD

1,000 VES = 1.02 EUR

Exchange rates and currency converter

VES, USD, EUR to CAD – Canadian Dollar Converter

🇺🇸 United States Dollar ($)

🇨🇦 Canadian Dollar ($)

Canadian Dollar exchange rates as of October 10, 2026: 1 USD = 1.43 CAD (1 CAD = 0.702 USD). 1 EUR = 1.6 CAD (1 CAD = 0.626 EUR).

Venezuelan Bolívar exchange rates as of October 10, 2026: 1 USD = 875 VES (1,000 VES = 1.14 USD). 1 EUR = 981 VES (1,000 VES = 1.02 EUR).

USD to CAD in detail →

On the map

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Between locations

Richmond Caracas 6,710 km ≈ 9 h nonstop flight

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

Richmond vs Caracas: Cost of Living - Frequently Asked Questions

Yes – Richmond is pricier by about 87%, and outside of rent the gap shows up most in eating out.

For a comfortable life, plan on about $3,679 per month in Richmond and $1,968 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. Housing is actually the single biggest factor behind the overall cost gap between these two cities.

Public transport costs about 145% less in Caracas. For daily commuters, that gap adds up to noticeable savings over a year.

Kindergarten costs $792 per month in Richmond and $159 in Caracas. For families with young kids, this one expense can tip the scales when choosing between the two cities.

A $1,500 monthly budget goes further in Caracas, where all-in costs run around $1,312, than in Richmond at $2,453. In Caracas it covers expenses comfortably, while in Richmond it requires careful planning or may not stretch far enough.

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, better infrastructure, or specific career opportunities are the priority, Richmond makes more sense. Both are solid long-term options with distinct trade-offs.