Cost of living comparison

Venezuela

compared to

Cyprus

Nicosia vs. Caracas Cost of Living Summary

Nicosia is 41.3% more expensive than Caracas.

Restaurants: pay 13.7% more in Nicosia
Groceries: pay 8.5% less in Nicosia
Transportation: pay 52.8% more in Nicosia
Housing: pay 87.8% more in Nicosia
Childcare: pay 2.2 times more in Nicosia
Entertainment and Sports: pay 41.2% more in Nicosia
Clothing: pay 1.4% less in Nicosia

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

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Nicosia vs. Caracas Cost Breakdown

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

Display currency: USD

pay 13.7% more for restaurants

	Caracas	Nicosia
Basic meal with drink at inexpensive restaurant	$10.80 VEF107.76	$16.80 €14.95	+55.5%
Fast food combo meal McDonalds, or similar	$11.00 VEF109.72	$8.96 €7.97	-18.6%
Bottle of Coca-Cola (11 fl. oz)	$1.53 VEF15.23	$2.30 €2.05	+50.8%
Bottle of water (11 fl. oz)	$1.32 VEF13.13	$0.89 €0.79	-32.3%
Average			+13.7%

Caracas vs. Nicosia - Cost of restaurants

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pay 8.5% less for groceries

	Caracas	Nicosia
Bread 1 loaf	$2.27 VEF22.67	$1.96 €1.74	-13.9%
Local cheese (8 oz)	$5.08 VEF50.69	$6.56 €5.84	+29.1%
Milk (1 gallon)	$10.26 VEF102.36	$6.95 €6.19	-32.3%
Eggs 1 dozen	$4.73 VEF47.13	$4.77 €4.25	+1.0%
Boneless chicken breast (1 lb)	$4.21 VEF41.95	$4.06 €3.62	-3.4%
Apples (1 lb)	$3.29 VEF32.80	$1.55 €1.38	-52.9%
Bananas (1 lb)	$0.91 VEF9.08	$0.95 €0.84	+4.3%
Oranges (1 lb)	$0.99 VEF9.84	$1.14 €1.01	+15.6%
Tomatoes (1 lb)	$1.05 VEF10.45	$1.58 €1.40	+50.6%
Potatoes (1 lb)	$1.02 VEF10.17	$0.85 €0.76	-16.5%
Onions (1 lb)	$0.99 VEF9.88	$0.71 €0.63	-28.1%
Average			-8.5%

Caracas vs. Nicosia - Cost of groceries

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pay 52.8% more for transportation

	Caracas	Nicosia
Gasoline (1 gallon)	$3.18 VEF31.72	$6.73 €5.99	+111.6%
Monthly public transit pass	$30.00 VEF299.24	$44.79 €39.86	+49.3%
New Volkswagen Golf 1.4 (standard edition)	$25,000.00 VEF249K	$32,920.23 €29,300.19	+31.7%
Taxi trip in downtown area (5 miles)	$27.00 VEF269.31	$21.86 €19.45	-19.0%
Average			+52.8%

Caracas vs. Nicosia - Cost of transportation

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pay 87.8% more for housing

	Caracas	Nicosia
Internet connection 50 mbps or faster, cable/dsl	$37.99 VEF378.95	$33.22 €29.57	-12.6%
1-Bedroom apartment in downtown area	$610.08 VEF6,085.28	$784.43 €698.17	+28.6%
1-Bedroom apartment outside city center	$425.00 VEF4,239.16	$696.72 €620.11	+63.9%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$16.60 VEF165.55	$158.82 €141.36	+856.9%
Average			+87.8%

Caracas vs. Nicosia - Cost of housing

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pay 2.2 times more for childcare

	Caracas	Nicosia
Private preschool for 1 child, monthly	$160.00 VEF1,595.92	$513.33 €456.88	+220.8%
Middle school for 1 child, two semesters	$6,100.00 VEF60,844.46	$9,282.61 €8,261.86	+52.2%
Average			+121.0%

Caracas vs. Nicosia - Cost of childcare

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pay 41.2% more for entertainment and sports

	Caracas	Nicosia
Domestic/local beer (1 pint)	$2.00 VEF19.95	$4.48 €3.99	+123.9%
Cappuccino in mid-range area	$3.63 VEF36.19	$3.65 €3.25	+0.6%
Pack of cigarettes Marlboro or similar	$4.58 VEF45.68	$5.60 €4.98	+22.2%
Monthly membership at local gym	$66.50 VEF663.30	$74.03 €65.89	+11.3%
Movie ticket to theater/cinema	$6.50 VEF64.83	$11.20 €9.97	+72.3%
Average			+41.2%

Caracas vs. Nicosia - Cost of entertainment and sports

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pay 1.4% less for clothing

	Caracas	Nicosia
Regular jeans Levi's brand	$76.58 VEF763.81	$102.69 €91.40	+34.1%
Regular dress from H&M or similar store	$50.89 VEF507.62	$54.75 €48.73	+7.6%
Running shoes Nike or Adidas	$133.76 VEF1,334.21	$100.22 €89.20	-25.1%
Men's business shoes (leather)	$133.87 VEF1,335.27	$116.92 €104.07	-12.7%
Average			-1.4%

Caracas vs. Nicosia - 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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