Cost of living comparison

Venezuela

compared to

Ethiopia

Addis Ababa vs. Caracas Cost of Living Summary

Addis Ababa is 10.0% cheaper than Caracas.

Restaurants: pay 54.8% less in Addis Ababa
Groceries: pay 50.2% less in Addis Ababa
Transportation: pay 1.8% less in Addis Ababa
Housing: pay 57.2% more in Addis Ababa
Childcare: pay 2.1 times more in Addis Ababa
Entertainment and Sports: pay 47.4% less in Addis Ababa
Clothing: pay 31.6% less in Addis Ababa

The cost of childcare and housing in Addis Ababa are more expensive than in Caracas. Expenses including restaurants, groceries, entertainment and sports, clothing, and transportation are lower in Addis Ababa. Notably, childcare is significantly more expensive in Addis Ababa.

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Addis Ababa vs. Caracas Cost Breakdown

If you lived in Addis Ababa instead of Caracas, you would:

Display currency: USD

pay 54.8% less for restaurants

	Caracas	Addis Ababa
Basic meal with drink at inexpensive restaurant	$10.80 VEF107.76	$4.00 ETB654.34	-63.0%
Fast food combo meal McDonalds, or similar	$11.00 VEF109.72	$6.50 ETB1,063.31	-40.9%
Bottle of Coca-Cola (11 fl. oz)	$1.53 VEF15.23	$0.61 ETB99.06	-60.3%
Bottle of water (11 fl. oz)	$1.32 VEF13.13	$0.66 ETB107.50	-50.1%
Average			-54.8%

Caracas vs. Addis Ababa - Cost of restaurants

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pay 50.2% less for groceries

	Caracas	Addis Ababa
Bread 1 loaf	$2.27 VEF22.67	$1.19 ETB194.58	-47.7%
Local cheese (8 oz)	$5.08 VEF50.69	$3.70 ETB604.57	-27.3%
Milk (1 gallon)	$10.26 VEF102.36	$4.09 ETB669.40	-60.1%
Eggs 1 dozen	$4.73 VEF47.13	$1.77 ETB289.63	-62.5%
Boneless chicken breast (1 lb)	$4.21 VEF41.95	$4.59 ETB750.34	+9.1%
Apples (1 lb)	$3.29 VEF32.80	$2.44 ETB399.44	-25.8%
Bananas (1 lb)	$0.91 VEF9.08	$0.30 ETB48.73	-67.3%
Oranges (1 lb)	$0.99 VEF9.84	$0.99 ETB161.65	+0.2%
Tomatoes (1 lb)	$1.05 VEF10.45	$0.31 ETB50.42	-70.6%
Potatoes (1 lb)	$1.02 VEF10.17	$0.22 ETB35.99	-78.4%
Onions (1 lb)	$0.99 VEF9.88	$0.49 ETB79.77	-50.8%
Average			-50.2%

Caracas vs. Addis Ababa - Cost of groceries

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pay 1.8% less for transportation

	Caracas	Addis Ababa
Gasoline (1 gallon)	$3.18 VEF31.72	$3.53 ETB577.22	+11.0%
Monthly public transit pass	$30.00 VEF299.24	$21.11 ETB3,453.30	-29.6%
New Volkswagen Golf 1.4 (standard edition)	$25,000.00 VEF249K	$55,000.00 ETB9M	+120.0%
Taxi trip in downtown area (5 miles)	$27.00 VEF269.31	$3.53 ETB576.64	-86.9%
Average			-1.8%

Caracas vs. Addis Ababa - Cost of transportation

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pay 57.2% more for housing

	Caracas	Addis Ababa
Internet connection 50 mbps or faster, cable/dsl	$37.99 VEF378.95	$212.33 ETB34,734.76	+458.9%
1-Bedroom apartment in downtown area	$610.08 VEF6,085.28	$706.95 ETB116K	+15.9%
1-Bedroom apartment outside city center	$425.00 VEF4,239.16	$394.55 ETB64,542.82	-7.2%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$16.60 VEF165.55	$156.76 ETB25,644.51	+844.5%
Average			+57.2%

Caracas vs. Addis Ababa - Cost of housing

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pay 2.1 times more for childcare

	Caracas	Addis Ababa
Private preschool for 1 child, monthly	$160.00 VEF1,595.92	$136.41 ETB22,314.75	-14.7%
Middle school for 1 child, two semesters	$6,100.00 VEF60,844.46	$30,187.50 ETB5M	+394.9%
Average			+105.4%

Caracas vs. Addis Ababa - Cost of childcare

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pay 47.4% less for entertainment and sports

	Caracas	Addis Ababa
Domestic/local beer (1 pint)	$2.00 VEF19.95	$0.80 ETB130.87	-60.0%
Cappuccino in mid-range area	$3.63 VEF36.19	$0.92 ETB150.32	-74.7%
Pack of cigarettes Marlboro or similar	$4.58 VEF45.68	$8.00 ETB1,308.69	+74.7%
Monthly membership at local gym	$66.50 VEF663.30	$44.15 ETB7,221.55	-33.6%
Movie ticket to theater/cinema	$6.50 VEF64.83	$3.75 ETB613.45	-42.3%
Average			-47.4%

Caracas vs. Addis Ababa - Cost of entertainment and sports

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pay 31.6% less for clothing

	Caracas	Addis Ababa
Regular jeans Levi's brand	$76.58 VEF763.81	$33.14 ETB5,421.12	-56.7%
Regular dress from H&M or similar store	$50.89 VEF507.62	$70.86 ETB11,591.24	+39.2%
Running shoes Nike or Adidas	$133.76 VEF1,334.21	$78.65 ETB12,865.68	-41.2%
Men's business shoes (leather)	$133.87 VEF1,335.27	$82.70 ETB13,529.26	-38.2%
Average			-31.6%

Caracas vs. Addis Ababa - 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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