Cost of living comparison

Venezuela

compared to

Latvia

Riga vs. Caracas Cost of Living Summary

Riga is 18.9% more expensive than Caracas.

Restaurants: pay 14.1% more in Riga
Groceries: pay 32.0% less in Riga
Transportation: pay 32.4% more in Riga
Housing: pay 40.2% more in Riga
Childcare: pay 3.4 times more in Riga
Entertainment and Sports: pay 35.4% more in Riga
Clothing: pay 12.2% less in Riga

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

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Riga vs. Caracas Cost Breakdown

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

Display currency: USD

pay 14.1% more for restaurants

	Caracas	Riga
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	$9.24 €8.22	-16.0%
Bottle of Coca-Cola (11 fl. oz)	$1.53 VEF15.23	$1.61 €1.44	+5.7%
Bottle of water (11 fl. oz)	$1.32 VEF13.13	$1.18 €1.05	-10.5%
Average			+14.1%

Caracas vs. Riga - Cost of restaurants

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pay 32.0% less for groceries

	Caracas	Riga
Bread 1 loaf	$2.27 VEF22.67	$1.43 €1.27	-37.1%
Local cheese (8 oz)	$5.08 VEF50.69	$5.22 €4.65	+2.8%
Milk (1 gallon)	$10.26 VEF102.36	$4.41 €3.92	-57.0%
Eggs 1 dozen	$4.73 VEF47.13	$3.76 €3.34	-20.5%
Boneless chicken breast (1 lb)	$4.21 VEF41.95	$3.91 €3.48	-7.0%
Apples (1 lb)	$3.29 VEF32.80	$1.00 €0.89	-69.7%
Bananas (1 lb)	$0.91 VEF9.08	$0.83 €0.73	-9.2%
Oranges (1 lb)	$0.99 VEF9.84	$1.13 €1.00	+14.4%
Tomatoes (1 lb)	$1.05 VEF10.45	$1.40 €1.24	+33.2%
Potatoes (1 lb)	$1.02 VEF10.17	$0.40 €0.36	-60.6%
Onions (1 lb)	$0.99 VEF9.88	$0.42 €0.37	-57.5%
Average			-32.0%

Caracas vs. Riga - Cost of groceries

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pay 32.4% more for transportation

	Caracas	Riga
Gasoline (1 gallon)	$3.18 VEF31.72	$7.75 €6.90	+143.8%
Monthly public transit pass	$30.00 VEF299.24	$33.59 €29.90	+12.0%
New Volkswagen Golf 1.4 (standard edition)	$25,000.00 VEF249K	$27,308.11 €24,305.20	+9.2%
Taxi trip in downtown area (5 miles)	$27.00 VEF269.31	$11.42 €10.17	-57.7%
Average			+32.4%

Caracas vs. Riga - Cost of transportation

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pay 40.2% more for housing

	Caracas	Riga
Internet connection 50 mbps or faster, cable/dsl	$37.99 VEF378.95	$20.41 €18.17	-46.3%
1-Bedroom apartment in downtown area	$610.08 VEF6,085.28	$582.45 €518.40	-4.5%
1-Bedroom apartment outside city center	$425.00 VEF4,239.16	$385.02 €342.68	-9.4%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$16.60 VEF165.55	$286.52 €255.02	+1626.3%
Average			+40.2%

Caracas vs. Riga - Cost of housing

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pay 3.4 times more for childcare

	Caracas	Riga
Private preschool for 1 child, monthly	$160.00 VEF1,595.92	$645.25 €574.29	+303.3%
Middle school for 1 child, two semesters	$6,100.00 VEF60,844.46	$17,635.84 €15,696.53	+189.1%
Average			+241.5%

Caracas vs. Riga - Cost of childcare

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pay 35.4% more for entertainment and sports

	Caracas	Riga
Domestic/local beer (1 pint)	$2.00 VEF19.95	$5.60 €4.98	+179.9%
Cappuccino in mid-range area	$3.63 VEF36.19	$3.72 €3.31	+2.5%
Pack of cigarettes Marlboro or similar	$4.58 VEF45.68	$6.72 €5.98	+46.7%
Monthly membership at local gym	$66.50 VEF663.30	$49.91 €44.42	-25.0%
Movie ticket to theater/cinema	$6.50 VEF64.83	$10.75 €9.57	+65.4%
Average			+35.4%

Caracas vs. Riga - Cost of entertainment and sports

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pay 12.2% less for clothing

	Caracas	Riga
Regular jeans Levi's brand	$76.58 VEF763.81	$69.42 €61.79	-9.3%
Regular dress from H&M or similar store	$50.89 VEF507.62	$50.39 €44.85	-1.0%
Running shoes Nike or Adidas	$133.76 VEF1,334.21	$85.85 €76.41	-35.8%
Men's business shoes (leather)	$133.87 VEF1,335.27	$138.10 €122.91	+3.2%
Average			-12.2%

Caracas vs. Riga - 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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