Cost of Living: Venezuela vs Canada

Detailed comparison of living costs and expenses between Venezuela and Canada.

Data updated: October 2026

Quick Comparison Summary

In simple terms, living in Venezuela is 82.7% cheaper than Canada. The biggest difference is in Salaries And Financing, where costs are 92.4% lower. This means that for every $100 you spend in Canada, you would spend about $17 in Venezuela for the same standard of living.

Key Differences

Salaries And Financing 92.4%

Venezuela is 92.4% cheaper

Property Prices 89.2%

Venezuela is 89.2% cheaper

Household Utilities 86.6%

Venezuela is 86.6% cheaper

Cost of Living Index

Overall Difference 82.7%

Venezuela is 82.7% cheaper than Canada

Most Expensive Categories

  • Transportation +50.8%

Is Venezuela cheaper than Canada?

Yes, Venezuela is cheaper than Canada

Overall, living costs in Venezuela are 82.7% lower than in Canada.

Where Venezuela is cheaper:

  • Salaries And Financing 92.4% cheaper
  • Property Prices 89.2% cheaper
  • Household Utilities 86.6% cheaper

Where Venezuela is more expensive:

  • Transportation 50.8% more expensive

Practical Examples

Basic restaurant meal

Venezuela: 10.00 $ Canada: 18.20 $
45.1% cheaper in Venezuela

1-bedroom apartment in city center

Venezuela: 225.00 $ Canada: 1,339.05 $
83.2% cheaper in Venezuela

Monthly public transport pass

Venezuela: 30.00 $ Canada: 76.38 $
60.7% cheaper in Venezuela

1 liter of milk

Venezuela: 1.86 $ Canada: 2.24 $
17.0% cheaper in Venezuela

Summary

Based on comprehensive cost of living data, Venezuela is indeed cheaper than Canada. You would save approximately 82.7% on living expenses by choosing Venezuela over Canada. This includes all major expense categories such as housing, food, transportation, and utilities.

Overall Cost of Living Comparison

82.7%

Venezuela is 82.7% cheaper than Canada

Restaurants

33.2%

Venezuela is 33.2% cheaper than Canada in this category

Markets

49.6%

Venezuela is 49.6% cheaper than Canada in this category

Other Expenses

74.7%

Venezuela is 74.7% cheaper than Canada in this category

Transportation

50.8%

Venezuela is 50.8% more expensive than Canada in this category

Household Utilities

86.6%

Venezuela is 86.6% cheaper than Canada in this category

Mobile and Internet

53.6%

Venezuela is 53.6% cheaper than Canada in this category

Sports And Leisure

20.4%

Venezuela is 20.4% cheaper than Canada in this category

Childcare

57.8%

Venezuela is 57.8% cheaper than Canada in this category

Clothing And Shoes

19.3%

Venezuela is 19.3% cheaper than Canada in this category

Rent Per Month

81.7%

Venezuela is 81.7% cheaper than Canada in this category

Property Prices

89.2%

Venezuela is 89.2% cheaper than Canada in this category

Salaries And Financing

92.4%

Venezuela is 92.4% cheaper than Canada in this category

Detailed Cost Comparison

Item Venezuela Canada Difference
Basic Restaurant Meal 10.00 $ 18.20 $ 45.1%
Venezuela is 45.1% cheaper
Three-Course Dinner for Two in Mid Range Restaurant 50.00 $ 72.81 $ 31.3%
Venezuela is 31.3% cheaper
McDonald's Fast Food Combo Meal 10.00 $ 10.92 $ 8.4%
Venezuela is 8.4% cheaper
Regular Cappuccino 2.22 $ 3.77 $ 41.1%
Venezuela is 41.1% cheaper
Soft Drink (330ml) 1.12 $ 2.10 $ 46.7%
Venezuela is 46.7% cheaper
Bottled Water (330ml) 0.94 $ 1.70 $ 44.7%
Venezuela is 44.7% cheaper
Bottled Water (1.5L) 1.55 $ 1.81 $ 14.4%
Venezuela is 14.4% cheaper
Imported Beer (330ml) 1.54 $ 4.55 $ 66.2%
Venezuela is 66.2% cheaper
Milk (1L) 1.86 $ 2.24 $ 17.0%
Venezuela is 17.0% cheaper
Fresh Bread (500g) 1.90 $ 2.70 $ 29.6%
Venezuela is 29.6% cheaper
White Rice (1kg) 1.31 $ 3.66 $ 64.2%
Venezuela is 64.2% cheaper
Eggs (12 pack) 2.49 $ 3.51 $ 29.1%
Venezuela is 29.1% cheaper
Local Cheese (1kg) 5.96 $ 11.48 $ 48.1%
Venezuela is 48.1% cheaper
Chicken Breast (1kg) 6.74 $ 12.22 $ 44.8%
Venezuela is 44.8% cheaper
Beef (1kg) 10.03 $ 14.97 $ 33.0%
Venezuela is 33.0% cheaper
Apples (1kg) 4.64 $ 4.20 $ 10.5%
Venezuela is 10.5% more expensive
Bananas (1kg) 1.42 $ 1.44 $ 1.4%
Venezuela is 1.4% cheaper
Oranges (1kg) 1.71 $ 3.85 $ 55.6%
Venezuela is 55.6% cheaper
Tomatoes (1kg) 1.93 $ 4.14 $ 53.4%
Venezuela is 53.4% cheaper
Potatoes (1kg) 1.85 $ 2.67 $ 30.7%
Venezuela is 30.7% cheaper
Onions (1kg) 1.83 $ 2.66 $ 31.2%
Venezuela is 31.2% cheaper
Lettuce (1 head) 1.26 $ 2.55 $ 50.6%
Venezuela is 50.6% cheaper
Monthly Transit Pass 30.00 $ 76.38 $ 60.7%
Venezuela is 60.7% cheaper
Cigarettes (20 pack) 3.69 $ 14.56 $ 74.7%
Venezuela is 74.7% cheaper
Single Bus/Train Ticket 0.50 $ 2.55 $ 80.4%
Venezuela is 80.4% cheaper
Taxi Base Fare 4.00 $ 3.42 $ 17.0%
Venezuela is 17.0% more expensive
Taxi per Kilometer 3.00 $ 1.59 $ 88.7%
Venezuela is 88.7% more expensive
Taxi Waiting Hourly Rate 10.00 $ 28.35 $ 64.7%
Venezuela is 64.7% cheaper
Gasoline (1L) 0.50 $ 1.17 $ 57.3%
Venezuela is 57.3% cheaper
New Economy Car 30,000.00 $ 24,739.68 $ 21.3%
Venezuela is 21.3% more expensive
New Mid-Range Car 38,166.67 $ 20,433.99 $ 86.8%
Venezuela is 86.8% more expensive
Monthly Utilities (80m² size) 20.19 $ 150.84 $ 86.6%
Venezuela is 86.6% cheaper
10 GB Mobile Plan with Data 12.08 $ 45.41 $ 73.4%
Venezuela is 73.4% cheaper
High-Speed Internet (> 60 Mbps) 37.77 $ 61.96 $ 39.0%
Venezuela is 39.0% cheaper
Gym Membership 37.03 $ 42.65 $ 13.2%
Venezuela is 13.2% cheaper
Tennis Court (Weekend) 14.81 $ 17.42 $ 15.0%
Venezuela is 15.0% cheaper
Movie Ticket 5.00 $ 11.36 $ 56.0%
Venezuela is 56.0% cheaper
Private Preschool (Full Day) 67.42 $ 802.92 $ 91.6%
Venezuela is 91.6% cheaper
International School (Yearly) 5,306.67 $ 11,932.95 $ 55.5%
Venezuela is 55.5% cheaper
1 Pair of Jeans 45.72 $ 55.66 $ 17.9%
Venezuela is 17.9% cheaper
1 Summer Dress 37.36 $ 41.19 $ 9.3%
Venezuela is 9.3% cheaper
1 Pair of Running Shoes 76.96 $ 88.39 $ 12.9%
Venezuela is 12.9% cheaper
1 Pair of Business Shoes 75.91 $ 107.04 $ 29.1%
Venezuela is 29.1% cheaper
1-Bedroom Apartment (City Center) 225.00 $ 1,339.05 $ 83.2%
Venezuela is 83.2% cheaper
1-Bedroom Apartment (Suburbs) 183.72 $ 1,186.00 $ 84.5%
Venezuela is 84.5% cheaper
3-Bedroom Apartment (City Center) 437.52 $ 2,143.71 $ 79.6%
Venezuela is 79.6% cheaper
3-Bedroom Apartment (Suburbs) 347.50 $ 1,856.86 $ 81.3%
Venezuela is 81.3% cheaper
Apartment Price (City Center) per m² 630.31 $ 6,761.35 $ 90.7%
Venezuela is 90.7% cheaper
Apartment Price (Suburbs) per m² 611.99 $ 4,732.37 $ 87.1%
Venezuela is 87.1% cheaper
Average Monthly Salary (after tax) 197.27 $ 2,865.96 $ 93.1%
Venezuela is 93.1% cheaper
20-Year Fixed Mortgage Rate 21.88 6.35 244.6%
Venezuela is 244.6% more expensive

Cost of Living Calculator

Calculate how your current expenses would change if you moved to Canada. Enter your monthly expenses in Venezuela to see the equivalent costs.

Housing

Food & Dining

Transportation

Other Expenses

Our Methodology

Our cost of living comparisons are based on a robust methodology that combines multiple data sources and regular updates to ensure accuracy:

Data Collection

  • Regular price surveys conducted in major cities
  • Official government statistics and economic indicators
  • User-contributed data from expatriates and local residents
  • Real estate market reports and rental price indices
  • Consumer price indices and inflation data

Calculation Methods

  • Prices are normalized to USD for consistent comparison
  • Exchange rates are updated monthly
  • Regional price variations are weighted by population
  • Seasonal fluctuations are accounted for in the averages
  • Quality of life factors are considered in the overall assessment

Quality Assurance

  • Data is verified by local experts
  • Regular cross-checking with multiple sources
  • User feedback is incorporated into updates
  • Statistical outliers are identified and reviewed
  • Methodology is reviewed quarterly

Note: While we strive for accuracy, cost of living data can vary significantly within countries and cities. These comparisons should be used as a general guide, and we recommend conducting additional research for specific locations.

Lifestyle Impact

Understanding the cost of living differences between Venezuela and Canada goes beyond just numbers. Here's how these differences might affect your daily life:

Daily Living

  • Grocery shopping habits and meal planning
  • Public transportation usage vs. car ownership
  • Frequency of dining out and entertainment
  • Healthcare access and insurance coverage
  • Housing choices and neighborhood selection

Long-term Planning

  • Savings and investment strategies
  • Retirement planning considerations
  • Education costs for children
  • Property ownership opportunities
  • Business and career development

Quality of Life Considerations

While cost of living is important, it's just one aspect of quality of life. Consider also:

  • Healthcare system quality and accessibility
  • Education system standards
  • Public safety and security
  • Environmental quality
  • Cultural and recreational opportunities
  • Work-life balance norms

Making the Most of Your Budget

Tips for adapting to cost of living differences:

  • Research local shopping habits and markets
  • Learn about public transportation options
  • Understand local tax systems and benefits
  • Explore community resources and discounts
  • Network with locals for insider tips

Local Insights for Venezuela vs Canada

While both countries have similar overall costs, there are nuanced differences in how money is spent on daily necessities.

Cultural Cost Differences

Venezuela

Canada

  • Lower grocery costs suggest different shopping and consumption patterns.
  • Lower fuel costs indicate different transportation infrastructure.

Seasonal Cost Variations

Both countries experience moderate seasonal variations in living costs, with prices typically higher during peak tourist seasons and major holidays.

Explore more

Cost of living in Venezuela Cost of living in Canada

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