Last update: Nov 2026

Cost of Living Comparison Between Toronto and Caracas

For one person, living is cheaper in Caracas: $1,379 a month against $2,599 in Toronto, rent and utilities included – about $14,600 less a year. Rent and utilities account for most of the difference.

125

Cost of Living Index in Toronto
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Toronto Living Index
65

Cost of Living Index in Caracas
Learn more

Caracas Living Index

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Toronto

🇨🇦 Canada

$2,599

/mo nomad

Caracas

🇻🇪 Venezuela

$1,379

/mo nomad

Monthly Cost of Living

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

A single person spends $2,599 per month in Toronto vs $1,379 in Caracas, rent included.

Toronto $2,599
Caracas $1,379

A couple spends around $3,700 per month in Toronto vs $2,304 in Caracas, rent included.

Toronto $3,700
Caracas $2,304

A family of three spends $4,801 per month in Toronto vs $3,229 in Caracas, rent included.

Toronto $4,801
Caracas $3,229

Toronto costs about 89% more than Caracas, and outside of rent the biggest gap is in eating out.

Both Toronto and Caracas sit above the global median – Toronto by 92%, Caracas by 2%.

Meal at Budget Restaurant

$17.98 CA$25.20

$10.91 VES 9,741

64.80%

Three-Course Dinner for Two, Mid-Range

$72.3 CA$101

$66.3 VES 59.2K

8.97%

Fast Food Meal (McDonalds, etc)

$10.83 CA$15.18

$11.16 VES 9,966

-2.96%

Cappuccino

$4.34 CA$6.09

$3.66 VES 3,271

18.58%

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

$2.16 CA$3.03

$1.51 VES 1,346

43.05%

Water (0.33 liter bottle)

$1.66 CA$2.32

$1.28 VES 1,144

29.69%

Local Beer (0.5 liter draught)

$6.35 CA$8.90

$1.96 VES 1,753

223.98%

Imported Beer (0.33 liter bottle)

$7.34 CA$10.29

$3.08 VES 2,751

138.31%

Milk (1 liter)

$2.57 CA$3.60

$2.77 VES 2,469

-7.22%

White Bread (500g)

$2.71 CA$3.79

$2.21 VES 1,970

22.62%

Rice (white) (1kg)

$2.28 CA$3.19

$1.89 VES 1,688

20.63%

Eggs

$3.60 CA$5.05

$4.84 VES 4,322

-25.62%

Local Cheese (1kg)

$8.94 CA$12.54

$10.11 VES 9,026

-11.57%

Chicken Fillets (1kg)

$11.19 CA$15.69

$9.04 VES 8,072

23.78%

Beef Round Steak (1kg)

$15.23 CA$21.34

$11.30 VES 10.1K

34.78%

Apples (1kg)

$3.74 CA$5.25

$7.33 VES 6,544

-48.98%

Banana (1kg)

$1.23 CA$1.72

$2.07 VES 1,845

-40.58%

Oranges (1kg)

$3.58 CA$5.02

$2.12 VES 1,891

68.87%

Tomato (1kg)

$4.25 CA$5.96

$2.35 VES 2,095

80.85%

Potato (1kg)

$1.94 CA$2.72

$2.24 VES 1,999

-13.39%

Onion (1kg)

$1.67 CA$2.34

$2.12 VES 1,896

-21.23%

Lettuce (1 head)

$2.30 CA$3.22

$1.56 VES 1,396

47.44%

Water (1.5 liter bottle)

$1.26 CA$1.77

$2.30 VES 2,053

-45.22%

Cigarettes 20 Pack (Marlboro, Camel)

$14.19 CA$19.90

$4.65 VES 4,154

205.16%

Wine (Bottle)

$14.25 CA$19.97

$11.96 VES 10.7K

19.15%

Local Beer (0.5 liter bottle)

$2.28 CA$3.20

$1.42 VES 1,269

60.56%

Imported Beer (0.33 liter bottle)

$2.58 CA$3.62

$2.06 VES 1,841

25.24%

One-way Ticket (Public Transport)

$2.35 CA$3.30

$0.43 VES 383

446.51%

Public Transport Monthly Pass (Regular Price)

$111 CA$156

$29.70 VES 26.5K

273.67%

Taxi Start (Normal Tariff)

$3.01 CA$4.22

$4.98 VES 4,445

-39.56%

Taxi (Normal Tariff) (1km)

$1.22 CA$1.71

$2.83 VES 2,522

-56.89%

Taxi 1hour Waiting (Normal Tariff)

$21.82 CA$30.59

$15.29 VES 13.6K

42.71%

Gasoline (1 liter)

$1.23 CA$1.73

$0.82 VES 735

50.00%

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

$27.0K CA$37.8K

$24.7K VES 22.1M

9.08%

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

$21.8K CA$30.6K

$38.7K VES 34.5M

-43.53%

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

$121 CA$169

$21.98 VES 19.6K

449.50%

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

$33.10 CA$46.40

$11.88 VES 10.6K

178.62%

Internet (50+ Mbps, Unlimited Data)

$49.09 CA$68.8

$38.70 VES 34.5K

26.85%

Gym Membership (Monthly)

$36.65 CA$51.4

$66.8 VES 59.6K

-45.11%

Tennis Court (1 Hour on Weekend)

$25.01 CA$35.06

$17.64 VES 15.7K

41.78%

Cinema Ticket

$12.78 CA$17.91

$6.44 VES 5,744

98.45%

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

$754 CA$1,058

$160 VES 142.5K

372.56%

International Primary School, 1 Child (Yearly)

$33.7K CA$47.2K

$6,063 VES 5.4M

455.66%

Jeans (Levis 501 Or Similar)

$50.4 CA$70.6

$82.4 VES 73.5K

-38.82%

Summer Dress (H&M, Zara, etc)

$41.43 CA$58.1

$51.9 VES 46.3K

-20.13%

Sport Shoes (Adidas, Nike)

$101 CA$142

$135 VES 120.6K

-25.08%

Men's Leather Business Shoes

$130 CA$183

$134 VES 120.0K

-3.16%

1-bedroom Apartment, City Center (Monthly)

$1,590 CA$2,228

$654 VES 583.7K

143.10%

1-bedroom Apartment, Outside City Center (Monthly)

$1,424 CA$1,996

$467 VES 416.8K

205.01%

3-bedroom Apartment, City Center (Monthly)

$2,641 CA$3,702

$1,182 VES 1.1M

123.41%

3-bedroom Apartment, Outside City Center (Monthly)

$2,090 CA$2,930

$964 VES 860.9K

116.71%

Buy Apartment in City Center (m2)

$7,730 CA$10.8K

$1,488 VES 1.3M

419.39%

Buy Apartment Outside City Center (m2)

$6,892 CA$9,661

$689 VES 615.2K

899.97%

Average Monthly Net Salary (After Tax)

$3,623 CA$5,078

$309 VES 276.2K

1070.97%

20-Year Fixed Mortgage Interest Rate (Annual %)

4.45

-79.77%

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

Last update for Toronto: November 2, 2026

Last update for Caracas: November 1, 2026

Monthly budget structure

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

Accommodation & Living

Toronto

$1.4K 54.8%

Caracas

$467 33.9% 67.2% $957

Groceries & Markets

Toronto

$345 13.3%

Caracas

$335 24.3% 2.8% $9.6

Eating Out

Toronto

$290 11.2%

Caracas

$192 13.9% 33.8% $98

Monthly Utilities & Internet

Toronto

$203 7.8%

Caracas

$73 5.3% 64.3% $130

Clothing & Footwear

Toronto

$145 5.6%

Caracas

$182 13.2% 24.9% $36

Getting Around

Toronto

$130 5%

Caracas

$51 3.7% 61% $79

Sport & Entertainment

Toronto

$62 2.4%

Caracas

$80 5.8% 28% $17

Cost Breakdown

A central one-bedroom costs $1,590 in Toronto versus $654 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 in Toronto are about 12 times higher. Purchasing power depends on which expenses matter most to you.

A mid-range dinner for two costs $72 in Toronto versus $66 in Caracas. Monthly groceries follow the same trend: $345 vs $335 – making Caracas the more affordable choice for daily food spending.

Good to know

🇨🇦 Toronto

🇻🇪 Caracas

🕒 Local time

23:30 11:30 PM

00:30 12:30 AM

1 h ahead of Toronto

🌤 Weather

👥 Population

2,731,571

3,274,000 Capital

💱 Currency

Canadian Dollar CAD $

Venezuelan Bolívar VES Bs.S

📈 Exchange rate

1 CAD = 0.713 USD

1 CAD = 0.635 EUR

10,000 VES = 11.2 USD

10,000 VES = 9.98 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 November 6, 2026: 1 USD = 1.4 CAD (1 CAD = 0.713 USD). 1 EUR = 1.57 CAD (1 CAD = 0.635 EUR).

Venezuelan Bolívar exchange rates as of November 6, 2026: 1 USD = 893 VES (1,000 VES = 1.12 USD). 1 EUR = 1,002 VES (10,000 VES = 9.98 EUR).

USD to CAD in detail →

On the map

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Between locations

Toronto Caracas 3,880 km ≈ 5 h nonstop flight

From you

Toronto
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

Toronto vs Caracas: Cost of Living - Frequently Asked Questions

Yes – Toronto is pricier by about 89%, and outside of rent the gap shows up most in eating out.

For a comfortable life, plan on about $3,899 per month in Toronto and $2,068 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: a one-bedroom in the center costs $654 there versus $1,590 in Toronto.

Public transport costs about 73% less in Caracas. For daily commuters, that gap adds up to noticeable savings over a year.

Kindergarten costs $754 per month in Toronto and $160 in Caracas. For families with young kids, this one expense can tip the scales when choosing between the two cities.

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