Cost of living comparison

compared to

P'yongyang vs. Caracas Cost of Living Summary

P'yongyang is 62.9% cheaper than Caracas.

Restaurants
pay 9.5% less in P'yongyang
Groceries
pay 47.1% less in P'yongyang
Housing
pay 82.4% less in P'yongyang
Entertainment and Sports
pay 31.1% more in P'yongyang

Expenses including housing, groceries, and restaurants are lower in P'yongyang.

P'yongyang vs. Caracas Cost Breakdown

If you lived in P'yongyang instead of Caracas, you would:

pay 9.5% less for restaurants

 
Caracas
P'yongyang
Basic meal with drink at inexpensive restaurant $10.80
VEF107.76
$4.81
KPW4,327
Fast food combo meal
McDonalds, or similar
$11.00
VEF109.72
$21.26
KPW19,136
Bottle of Coca-Cola (11 fl. oz) $1.53
VEF15.23
$2.21
KPW1,985

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pay 47.1% less for groceries

 
Caracas
P'yongyang
Bread
1 loaf
$2.27
VEF22.67
$2.30
KPW2,071
Local cheese (8 oz) $5.08
VEF50.69
??
Milk (1 gallon) $10.26
VEF102.36
$3.55
KPW3,195

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pay (unknown) more for transportation

 
Caracas
P'yongyang
Gasoline (1 gallon) $3.18
VEF31.72
??
Monthly public transit pass $30.00
VEF299.24
??
New Volkswagen Golf 1.4 (standard edition) $25,000.00
VEF249K
??

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pay 82.4% less for housing

 
Caracas
P'yongyang
Internet connection
50 mbps or faster, cable/dsl
$37.99
VEF378.95
??
1-Bedroom apartment in downtown area $610.08
VEF6,085.28
$89.58
KPW80,621
1-Bedroom apartment outside city center $425.00
VEF4,239.16
$89.58
KPW80,621

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pay (unknown) more for childcare

 
Caracas
P'yongyang
Private preschool for 1 child, monthly $160.00
VEF1,595.92
??
Middle school for 1 child, two semesters $6,100.00
VEF60,844.46
??

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pay 31.1% more for entertainment and sports

 
Caracas
P'yongyang
Domestic/local beer (1 pint) $2.00
VEF19.95
$13.44
KPW12,093
Cappuccino in mid-range area $3.63
VEF36.19
$1.12
KPW1,008
Pack of cigarettes
Marlboro or similar
$4.58
VEF45.68
??

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pay (unknown) more for clothing

 
Caracas
P'yongyang
Regular jeans
Levi's brand
$76.58
VEF763.81
??
Regular dress
from H&M or similar store
$50.89
VEF507.62
??
Running shoes
Nike or Adidas
$133.76
VEF1,334.21
??

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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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