Cost of living comparison
Venezuela is 34.1% cheaper than Iceland.
If you lived in Venezuela instead of Iceland, you would:
pay 50.6% less for restaurants
Iceland
|
Venezuela
|
||
---|---|---|---|
Basic meal with drink at inexpensive restaurant |
$17.84
kr2,519
|
$7.99
Bs79.74
|
|
Fast food combo meal
McDonalds, or similar
|
$14.27
kr2,015
|
$8.68
Bs86.60
|
|
Bottle of Coca-Cola (11 fl. oz) |
$2.32
kr327
|
$1.17
Bs11.71
|
|
Bottle of water (11 fl. oz) |
$2.12
kr300
|
$0.88
Bs8.79
|
|
pay 27.3% less for groceries
Iceland
|
Venezuela
|
||
---|---|---|---|
Bread
1 loaf
|
$3.42
kr484
|
$1.84
Bs18.31
|
|
Local cheese (8 oz) |
$5.98
kr845
|
$2.19
Bs21.84
|
|
Milk (1 gallon) |
$5.33
kr752
|
$6.36
Bs63.46
|
|
Eggs
1 dozen
|
$5.66
kr799
|
$2.09
Bs20.87
|
|
Boneless chicken breast (1 lb) |
$7.09
kr1,002
|
$2.45
Bs24.41
|
|
Apples (1 lb) |
$1.16
kr164
|
$1.99
Bs19.86
|
|
Bananas (1 lb) |
$0.98
kr139
|
$0.46
Bs4.59
|
|
Oranges (1 lb) |
$1.17
kr166
|
$0.57
Bs5.65
|
|
Tomatoes (1 lb) |
$1.84
kr259
|
$0.70
Bs6.98
|
|
Potatoes (1 lb) |
$0.96
kr135
|
$0.56
Bs5.63
|
|
Onions (1 lb) |
$0.51
kr72
|
$0.79
Bs7.92
|
|
pay 28.6% less for transportation
Iceland
|
Venezuela
|
||
---|---|---|---|
Gasoline (1 gallon) |
$8.03
kr1,135
|
$1.90
Bs18.92
|
|
Monthly public transit pass |
$77.40
kr10,932
|
$37.75
Bs376.54
|
|
New Volkswagen Golf 1.4 (standard edition) |
$29,836.83
kr4,214,452
|
$31,166.67
Bs310,871.95
|
|
Taxi trip in downtown area (5 miles) |
$23.97
kr3,385
|
$26.10
Bs260.30
|
|
pay 72.9% less for housing
Iceland
|
Venezuela
|
||
---|---|---|---|
Internet connection
50 mbps or faster, cable/dsl
|
$62.40
kr8,814
|
$39.45
Bs393.53
|
|
1-Bedroom apartment in downtown area |
$1,437.14
kr202,996
|
$172.69
Bs1,722.45
|
|
1-Bedroom apartment outside city center |
$1,215.63
kr171,707
|
$151.81
Bs1,514.18
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$68.63
kr9,694
|
$14.14
Bs141.06
|
|
pay 50.1% more for childcare
Iceland
|
Venezuela
|
||
---|---|---|---|
Private preschool for 1 child, monthly |
$259.34
kr36,632
|
$61.35
Bs611.96
|
|
Middle school for 1 child, two semesters |
$2,750.10
kr388,451
|
$7,600.00
Bs75,806.21
|
|
pay 61.6% less for entertainment and sports
Iceland
|
Venezuela
|
||
---|---|---|---|
Domestic/local beer (1 pint) |
$8.52
kr1,204
|
$1.30
Bs12.94
|
|
Cappuccino in mid-range area |
$4.15
kr587
|
$1.61
Bs16.07
|
|
Pack of cigarettes
Marlboro or similar
|
$10.64
kr1,502
|
$3.77
Bs37.65
|
|
Monthly membership at local gym |
$56.90
kr8,037
|
$33.33
Bs332.45
|
|
Movie ticket to theater/cinema |
$12.27
kr1,734
|
$5.39
Bs53.75
|
|
pay 48.0% less for clothing
Iceland
|
Venezuela
|
||
---|---|---|---|
Regular jeans
Levi's brand
|
$118.08
kr16,678
|
$52.98
Bs528.42
|
|
Regular dress
from H&M or similar store
|
$50.39
kr7,117
|
$38.48
Bs383.83
|
|
Running shoes
Nike or Adidas
|
$151.12
kr21,345
|
$68.40
Bs682.30
|
|
Men's business shoes (leather) |
$175.20
kr24,747
|
$72.31
Bs721.21
|
|
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