Cost of living comparison
Iceland is 2.4 times more expensive than Caracas.
If you lived in Iceland instead of Caracas, you would:
pay 87.5% more for restaurants
Caracas
|
Iceland
|
||
---|---|---|---|
Basic meal with drink at inexpensive restaurant |
$10.00
Bs99.75
|
$17.84
kr2,506
|
|
Fast food combo meal
McDonalds, or similar
|
$10.00
Bs99.75
|
$14.27
kr2,005
|
|
Bottle of Coca-Cola (11 fl. oz) |
$1.26
Bs12.56
|
$2.32
kr326
|
|
Bottle of water (11 fl. oz) |
$0.87
Bs8.65
|
$2.12
kr298
|
|
pay 67.6% more for groceries
Caracas
|
Iceland
|
||
---|---|---|---|
Bread
1 loaf
|
$2.23
Bs22.25
|
$3.42
kr481
|
|
Local cheese (8 oz) |
$2.86
Bs28.55
|
$5.98
kr841
|
|
Milk (1 gallon) |
$7.06
Bs70.44
|
$5.33
kr748
|
|
Eggs
1 dozen
|
$2.29
Bs22.79
|
$5.66
kr795
|
|
Boneless chicken breast (1 lb) |
$2.66
Bs26.54
|
$7.09
kr997
|
|
Apples (1 lb) |
$1.87
Bs18.65
|
$1.16
kr163
|
|
Bananas (1 lb) |
$0.50
Bs4.98
|
$0.98
kr138
|
|
Oranges (1 lb) |
$0.73
Bs7.24
|
$1.17
kr165
|
|
Tomatoes (1 lb) |
$0.68
Bs6.74
|
$1.84
kr258
|
|
Potatoes (1 lb) |
$0.73
Bs7.31
|
$0.96
kr134
|
|
Onions (1 lb) |
$0.74
Bs7.40
|
$0.51
kr72
|
|
pay 2.3 times more for transportation
Caracas
|
Iceland
|
||
---|---|---|---|
Gasoline (1 gallon) |
$1.89
Bs18.88
|
$8.03
kr1,129
|
|
Monthly public transit pass |
$30.00
Bs299.24
|
$77.40
kr10,876
|
|
New Volkswagen Golf 1.4 (standard edition) |
$32,000.00
Bs319,184.03
|
$29,836.83
kr4,192,672
|
|
Taxi trip in downtown area (5 miles) |
$17.00
Bs169.57
|
$23.97
kr3,368
|
|
pay 3.9 times more for housing
Caracas
|
Iceland
|
||
---|---|---|---|
Internet connection
50 mbps or faster, cable/dsl
|
$42.00
Bs418.93
|
$62.40
kr8,769
|
|
1-Bedroom apartment in downtown area |
$360.00
Bs3,590.82
|
$1,437.14
kr201,947
|
|
1-Bedroom apartment outside city center |
$345.00
Bs3,441.20
|
$1,215.63
kr170,820
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$10.46
Bs104.34
|
$68.63
kr9,644
|
|
pay 2.0 times more for childcare
Caracas
|
Iceland
|
||
---|---|---|---|
Private preschool for 1 child, monthly |
$73.54
Bs733.54
|
$259.34
kr36,443
|
|
Middle school for 1 child, two semesters |
$5,633.33
Bs56,189.69
|
$2,750.10
kr386,444
|
|
pay 2.8 times more for entertainment and sports
Caracas
|
Iceland
|
||
---|---|---|---|
Domestic/local beer (1 pint) |
$1.50
Bs14.96
|
$8.52
kr1,198
|
|
Cappuccino in mid-range area |
$1.79
Bs17.82
|
$4.15
kr584
|
|
Pack of cigarettes
Marlboro or similar
|
$3.50
Bs34.91
|
$10.64
kr1,494
|
|
Monthly membership at local gym |
$51.31
Bs511.77
|
$56.90
kr7,996
|
|
Movie ticket to theater/cinema |
$6.00
Bs59.85
|
$12.27
kr1,725
|
|
pay 2.2 times more for clothing
Caracas
|
Iceland
|
||
---|---|---|---|
Regular jeans
Levi's brand
|
$42.19
Bs420.80
|
$118.08
kr16,592
|
|
Regular dress
from H&M or similar store
|
$38.00
Bs379.03
|
$50.39
kr7,081
|
|
Running shoes
Nike or Adidas
|
$75.77
Bs755.76
|
$151.12
kr21,235
|
|
Men's business shoes (leather) |
$65.25
Bs650.84
|
$175.20
kr24,619
|
|
Change currency:
ASK THE ELSEWHERE COMMUNITY
Join the Elsewhere community and ask a question about Iceland or Caracas. It's a free, question-and-answer based forum to discuss what life is like in countries and cities around the world.