Last update: Oct 2026

Cost of Living Comparison Between Terrace and Caracas

For one person, living is cheaper in Caracas: $1,338 a month against $1,887 in Terrace, rent and utilities included – about $6,600 less a year. Rent and utilities account for most of the difference.

91

Cost of Living Index in Terrace
Learn more

Terrace Living Index
65

Cost of Living Index in Caracas
Learn more

Caracas Living Index

Jump to prices

Terrace

🇨🇦 Canada

$1,887

/mo nomad

Caracas

🇻🇪 Venezuela

$1,338

/mo nomad

Monthly Cost of Living

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

A single person spends $1,887 per month in Terrace vs $1,338 in Caracas, rent included.

Terrace $1,887
Caracas $1,338

A couple spends around $2,853 per month in Terrace vs $2,238 in Caracas, rent included.

Terrace $2,853
Caracas $2,238

A family of three spends $3,819 per month in Terrace vs $3,138 in Caracas, rent included.

Terrace $3,819
Caracas $3,138

Terrace costs about 41% more than Caracas, and outside of rent the biggest gap is in eating out.

Terrace sits 40% above the global median, while Caracas is 1% below – they fall on opposite sides of the world average.

Meal at Budget Restaurant

$17.53 CA$24.78

$10.82 VES 9,501

62.01%

Three-Course Dinner for Two, Mid-Range

$79.9 CA$113

$67.1 VES 58.9K

18.99%

Fast Food Meal (McDonalds, etc)

$9.87 CA$13.95

$10.83 VES 9,507

-8.86%

Cappuccino

$3.93 CA$5.55

$3.71 VES 3,258

5.93%

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

$2.09 CA$2.95

$1.57 VES 1,380

33.12%

Water (0.33 liter bottle)

$1.62 CA$2.29

$1.31 VES 1,148

23.66%

Local Beer (0.5 liter draught)

$5.19 CA$7.34

$1.97 VES 1,730

163.45%

Imported Beer (0.33 liter bottle)

$6.15 CA$8.69

$3.06 VES 2,690

100.98%

Milk (1 liter)

$2.25 CA$3.19

$2.69 VES 2,364

-16.36%

White Bread (500g)

$2.63 CA$3.72

$2.24 VES 1,967

17.41%

Rice (white) (1kg)

$5.10 CA$7.21

$1.90 VES 1,668

168.42%

Eggs

$3.60 CA$5.10

$4.76 VES 4,181

-24.37%

Local Cheese (1kg)

$8.81 CA$12.45

$10.24 VES 8,987

-13.96%

Chicken Fillets (1kg)

$15.36 CA$21.71

$9.35 VES 8,207

64.28%

Beef Round Steak (1kg)

$13.51 CA$19.10

$11.49 VES 10.1K

17.58%

Apples (1kg)

$4.06 CA$5.73

$7.28 VES 6,388

-44.23%

Banana (1kg)

$1.21 CA$1.72

$2.06 VES 1,805

-41.26%

Oranges (1kg)

$2.99 CA$4.23

$2.16 VES 1,893

38.43%

Tomato (1kg)

$3.67 CA$5.20

$2.27 VES 1,996

61.67%

Potato (1kg)

$3.14 CA$4.44

$2.27 VES 1,990

38.33%

Onion (1kg)

$3.13 CA$4.43

$2.16 VES 1,901

44.91%

Lettuce (1 head)

$2.37 CA$3.36

$1.64 VES 1,438

44.51%

Water (1.5 liter bottle)

$1.01 CA$1.43

$2.36 VES 2,072

-57.20%

Cigarettes 20 Pack (Marlboro, Camel)

$11.27 CA$15.94

$4.68 VES 4,110

140.81%

Wine (Bottle)

$13.44 CA$18.99

$11.92 VES 10.5K

12.75%

Local Beer (0.5 liter bottle)

$2.09 CA$2.96

$1.43 VES 1,252

46.15%

Imported Beer (0.33 liter bottle)

$1.78 CA$2.52

$2.05 VES 1,799

-13.17%

One-way Ticket (Public Transport)

$1.38 CA$1.95

$0.52 VES 459

165.38%

Public Transport Monthly Pass (Regular Price)

$31.40 CA$44.40

$30.37 VES 26.7K

3.39%

Taxi Start (Normal Tariff)

$3.30 CA$4.66

$4.92 VES 4,317

-32.93%

Taxi (Normal Tariff) (1km)

$1.50 CA$2.12

$2.81 VES 2,464

-46.62%

Taxi 1hour Waiting (Normal Tariff)

$20.03 CA$28.31

$14.91 VES 13.1K

34.34%

Gasoline (1 liter)

$1.22 CA$1.72

$0.88 VES 769

38.64%

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

$27.8K CA$39.3K

$24.8K VES 21.8M

12.05%

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

$18.7K CA$26.5K

$38.1K VES 33.5M

-50.90%

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

$93.2 CA$132

$21.49 VES 18.9K

333.88%

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

$38.92 CA$55.0

$11.73 VES 10.3K

231.80%

Internet (50+ Mbps, Unlimited Data)

$58.3 CA$82.5

$38.50 VES 33.8K

51.53%

Gym Membership (Monthly)

$40.14 CA$56.7

$65.8 VES 57.8K

-39.00%

Tennis Court (1 Hour on Weekend)

$16.45 CA$23.26

$17.81 VES 15.6K

-7.64%

Cinema Ticket

$8.91 CA$12.60

$6.35 VES 5,573

40.31%

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

$733 CA$1,037

$157 VES 138.0K

366.40%

International Primary School, 1 Child (Yearly)

$13.4K CA$18.9K

$6,098 VES 5.4M

119.76%

Jeans (Levis 501 Or Similar)

$36.65 CA$51.8

$81.0 VES 71.1K

-54.77%

Summer Dress (H&M, Zara, etc)

$30.29 CA$42.82

$50.1 VES 44.0K

-39.57%

Sport Shoes (Adidas, Nike)

$79.8 CA$113

$133 VES 117.0K

-40.16%

Men's Leather Business Shoes

$104 CA$147

$134 VES 117.7K

-22.60%

1-bedroom Apartment, City Center (Monthly)

$992 CA$1,402

$608 VES 534.1K

62.99%

1-bedroom Apartment, Outside City Center (Monthly)

$845 CA$1,194

$428 VES 375.9K

97.33%

3-bedroom Apartment, City Center (Monthly)

$1,556 CA$2,200

$1,113 VES 977.4K

39.76%

3-bedroom Apartment, Outside City Center (Monthly)

$1,325 CA$1,874

$872 VES 765.6K

51.99%

Buy Apartment in City Center (m2)

$4,127 CA$5,835

$1,462 VES 1.3M

182.23%

Buy Apartment Outside City Center (m2)

$3,426 CA$4,843

$670 VES 587.9K

411.59%

Average Monthly Net Salary (After Tax)

$3,096 CA$4,376

$303 VES 265.6K

923.27%

20-Year Fixed Mortgage Interest Rate (Annual %)

5.05

-77.05%

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

Last update for Terrace: October 11, 2026

Last update for Caracas: October 12, 2026

Monthly budget structure

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

Accommodation & Living

Terrace

$845 44.8%

Caracas

$428 32% 49.3% $417

Groceries & Markets

Terrace

$364 19.3%

Caracas

$338 25.2% 7.1% $26

Eating Out

Terrace

$270 14.3%

Caracas

$191 14.3% 29.2% $79

Monthly Utilities & Internet

Terrace

$191 10.1%

Caracas

$72 5.4% 62.4% $119

Clothing & Footwear

Terrace

$113 6%

Caracas

$179 13.4% 59.1% $67

Sport & Entertainment

Terrace

$58 3.1%

Caracas

$79 5.9% 35.4% $21

Getting Around

Terrace

$48 2.5%

Caracas

$51 3.8% 7.8% $3.7

Cost Breakdown

A central one-bedroom costs $992 in Terrace 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.

Salaries run about 923% higher in Terrace, 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 $80.0 in Terrace versus $67.0 in Caracas. Monthly groceries follow the same trend: $364 vs $338 – making Caracas the more affordable choice for daily food spending.

Good to know

🇨🇦 Terrace

🇻🇪 Caracas

🕒 Local time

07:59 7:59 AM

10:59 10:59 AM

3 h ahead of Terrace

🌤 Weather

👥 Population

19,443

3,274,000 Capital

💱 Currency

Canadian Dollar CAD $

Venezuelan Bolívar VES Bs.S

📈 Exchange rate

1 CAD = 0.707 USD

1 CAD = 0.629 EUR

1,000 VES = 1.14 USD

1,000 VES = 1.01 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 18, 2026: 1 USD = 1.41 CAD (1 CAD = 0.707 USD). 1 EUR = 1.59 CAD (1 CAD = 0.629 EUR).

Venezuelan Bolívar exchange rates as of October 18, 2026: 1 USD = 878 VES (1,000 VES = 1.14 USD). 1 EUR = 987 VES (1,000 VES = 1.01 EUR).

USD to CAD in detail →

On the map

Lowest

Highest

Between locations

Terrace Caracas 7,250 km ≈ 10 h nonstop flight

From you

Terrace
Caracas

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

Terrace vs Caracas: Cost of Living - Frequently Asked Questions

Yes – Terrace is pricier by about 41%, and outside of rent the gap shows up most in eating out.

For a comfortable life, plan on about $2,831 per month in Terrace 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 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 3% less in Caracas. For daily commuters, that gap adds up to noticeable savings over a year.

Kindergarten costs $733 per month in Terrace and $157 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 $1,338, than in Terrace at $1,887. In Caracas it covers expenses comfortably, while in Terrace 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, Terrace makes more sense. Both are solid long-term options with distinct trade-offs.