Cost of living comparison

Nigeria

compared to

Venezuela

Caracas vs. Abuja Cost of Living Summary

Caracas is 34.4% more expensive than Abuja.

Restaurants: pay 3.6 times more in Caracas
Groceries: pay 40.4% more in Caracas
Transportation: pay 26.4% more in Caracas
Housing: pay 13.7% less in Caracas
Childcare: pay 2.6 times more in Caracas
Entertainment and Sports: pay 60.7% more in Caracas
Clothing: pay 52.1% more in Caracas

The cost of restaurants, childcare, entertainment and sports, clothing, groceries, and transportation in Caracas are more expensive than in Abuja. Notably, restaurants and childcare are significantly more expensive in Caracas.

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Caracas vs. Abuja Cost Breakdown

If you lived in Caracas instead of Abuja, you would:

Display currency: USD

pay 3.6 times more for restaurants

	Abuja	Caracas
Basic meal with drink at inexpensive restaurant	$2.00 NGN2,662.42	$10.80 VEF107.76	+440.2%
Fast food combo meal McDonalds, or similar	$4.00 NGN5,324.84	$11.00 VEF109.72	+175.0%
Bottle of Coca-Cola (11 fl. oz)	$0.49 NGN650.79	$1.53 VEF15.23	+212.3%
Bottle of water (11 fl. oz)	$0.70 NGN928.07	$1.32 VEF13.13	+88.9%
Average			+263.5%

Abuja vs. Caracas - Cost of restaurants

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pay 40.4% more for groceries

	Abuja	Caracas
Bread 1 loaf	$1.32 NGN1,752.51	$2.27 VEF22.67	+72.6%
Local cheese (8 oz)	$5.51 NGN7,338.86	$5.08 VEF50.69	-7.8%
Milk (1 gallon)	$13.88 NGN18,480.74	$10.26 VEF102.36	-26.1%
Eggs 1 dozen	$1.83 NGN2,442.20	$4.73 VEF47.13	+157.6%
Boneless chicken breast (1 lb)	$2.39 NGN3,184.67	$4.21 VEF41.95	+75.8%
Apples (1 lb)	$0.92 NGN1,224.04	$3.29 VEF32.80	+257.7%
Bananas (1 lb)	$0.66 NGN883.74	$0.91 VEF9.08	+37.1%
Oranges (1 lb)	$0.68 NGN908.26	$0.99 VEF9.84	+44.6%
Tomatoes (1 lb)	$1.05 NGN1,394.13	$1.05 VEF10.45	+0.1%
Potatoes (1 lb)	$0.83 NGN1,104.11	$1.02 VEF10.17	+22.9%
Onions (1 lb)	$1.10 NGN1,468.62	$0.99 VEF9.88	-10.3%
Average			+40.4%

Abuja vs. Caracas - Cost of groceries

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pay 26.4% more for transportation

	Abuja	Caracas
Gasoline (1 gallon)	$2.14 NGN2,847.35	$3.18 VEF31.72	+48.7%
Monthly public transit pass	$32.78 NGN43,636.37	$30.00 VEF299.24	-8.5%
New Volkswagen Golf 1.4 (standard edition)	$26,143.00 NGN35M	$25,000.00 VEF249K	-4.4%
Taxi trip in downtown area (5 miles)	$7.30 NGN9,713.27	$27.00 VEF269.31	+270.0%
Average			+26.4%

Abuja vs. Caracas - Cost of transportation

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pay 13.7% less for housing

	Abuja	Caracas
Internet connection 50 mbps or faster, cable/dsl	$29.15 NGN38,810.71	$37.99 VEF378.95	+30.3%
1-Bedroom apartment in downtown area	$596.02 NGN793K	$610.08 VEF6,085.28	+2.4%
1-Bedroom apartment outside city center	$350.58 NGN467K	$425.00 VEF4,239.16	+21.2%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$86.28 NGN115K	$16.60 VEF165.55	-80.8%
Average			-13.7%

Abuja vs. Caracas - Cost of housing

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pay 2.6 times more for childcare

	Abuja	Caracas
Private preschool for 1 child, monthly	$45.24 NGN60,218.19	$160.00 VEF1,595.92	+253.7%
Middle school for 1 child, two semesters	$3,150.69 NGN4M	$6,100.00 VEF60,844.46	+93.6%
Average			+161.7%

Abuja vs. Caracas - Cost of childcare

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pay 60.7% more for entertainment and sports

	Abuja	Caracas
Domestic/local beer (1 pint)	$1.00 NGN1,331.21	$2.00 VEF19.95	+100.0%
Cappuccino in mid-range area	$3.35 NGN4,464.03	$3.63 VEF36.19	+8.2%
Pack of cigarettes Marlboro or similar	$2.00 NGN2,662.42	$4.58 VEF45.68	+129.0%
Monthly membership at local gym	$26.12 NGN34,764.93	$66.50 VEF663.30	+154.6%
Movie ticket to theater/cinema	$6.41 NGN8,530.91	$6.50 VEF64.83	+1.4%
Average			+60.7%

Abuja vs. Caracas - Cost of entertainment and sports

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pay 52.1% more for clothing

	Abuja	Caracas
Regular jeans Levi's brand	$25.92 NGN34,511.60	$76.58 VEF763.81	+195.4%
Regular dress from H&M or similar store	$60.65 NGN80,732.29	$50.89 VEF507.62	-16.1%
Running shoes Nike or Adidas	$78.11 NGN104K	$133.76 VEF1,334.21	+71.3%
Men's business shoes (leather)	$106.08 NGN141K	$133.87 VEF1,335.27	+26.2%
Average			+52.1%

Abuja vs. Caracas - Cost of clothing

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We average the price of thousands of data points entered by users across the world. Sources: MyLifeElsewhere's cost-of-living dataset (prices updated October 2026). How we calculate this

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