Cost of living comparison

Nigeria

compared to

Venezuela

Venezuela vs. Nigeria Cost of Living Summary

Venezuela is 10.6% more expensive than Nigeria overall.

Restaurants: pay 3.1 times more in Venezuela
Groceries: pay 49.3% more in Venezuela
Transportation: pay 37.1% more in Venezuela
Housing: pay 45.1% less in Venezuela
Childcare: pay 39.0% less in Venezuela
Entertainment and Sports: pay 51.5% more in Venezuela
Clothing: pay 2.4 times more in Venezuela

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

Planning a move to Venezuela? Get up to 5 free, no-obligation quotes from vetted international movers. Get free quotes →

Venezuela vs. Nigeria Cost Breakdown

If you lived in Venezuela instead of Nigeria, you would:

Display currency: USD

pay 3.1 times more for restaurants

	Nigeria	Venezuela
Basic meal with drink at inexpensive restaurant	$2.19 NGN2,908.76	$8.26 VEF82.44	+278.2%
Fast food combo meal McDonalds, or similar	$5.09 NGN6,780.76	$10.58 VEF105.56	+107.8%
Bottle of Coca-Cola (11 fl. oz)	$0.36 NGN473.34	$1.48 VEF14.77	+316.6%
Bottle of water (11 fl. oz)	$0.32 NGN419.49	$1.16 VEF11.58	+268.5%
Average			+208.9%

Nigeria vs. Venezuela - Cost of restaurants

Improve prices · Change currency (USD)

pay 49.3% more for groceries

	Nigeria	Venezuela
Bread 1 loaf	$0.95 NGN1,262.10	$1.88 VEF18.74	+98.2%
Local cheese (8 oz)	$2.24 NGN2,979.24	$3.24 VEF32.34	+44.9%
Milk (1 gallon)	$9.26 NGN12,329.33	$7.76 VEF77.39	-16.2%
Eggs 1 dozen	$1.49 NGN1,978.89	$2.87 VEF28.60	+92.9%
Boneless chicken breast (1 lb)	$1.76 NGN2,340.96	$3.13 VEF31.20	+77.9%
Apples (1 lb)	$0.88 NGN1,167.11	$2.15 VEF21.43	+145.1%
Bananas (1 lb)	$0.66 NGN872.87	$0.73 VEF7.27	+11.2%
Oranges (1 lb)	$0.53 NGN709.16	$0.76 VEF7.63	+43.5%
Tomatoes (1 lb)	$0.67 NGN890.29	$0.90 VEF8.99	+34.8%
Potatoes (1 lb)	$0.62 NGN819.78	$0.86 VEF8.62	+40.4%
Onions (1 lb)	$0.57 NGN763.60	$0.77 VEF7.67	+34.1%
Average			+49.3%

Nigeria vs. Venezuela - Cost of groceries

Improve prices · Change currency (USD)

pay 37.1% more for transportation

	Nigeria	Venezuela
Gasoline (1 gallon)	$2.41 NGN3,205.09	$2.52 VEF25.12	+4.6%
Monthly public transit pass	$21.22 NGN28,254.69	$29.00 VEF289.26	+36.6%
New Volkswagen Golf 1.4 (standard edition)	$18,156.84 NGN24M	$26,527.78 VEF265K	+46.1%
Taxi trip in downtown area (5 miles)	$6.88 NGN9,164.43	$20.23 VEF201.73	+193.8%
Average			+37.1%

Nigeria vs. Venezuela - Cost of transportation

Improve prices · Change currency (USD)

pay 45.1% less for housing

	Nigeria	Venezuela
Internet connection 50 mbps or faster, cable/dsl	$18.12 NGN24,120.18	$32.33 VEF322.49	+78.4%
1-Bedroom apartment in downtown area	$372.59 NGN496K	$229.92 VEF2,293.30	-38.3%
1-Bedroom apartment outside city center	$284.75 NGN379K	$144.91 VEF1,445.38	-49.1%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$55.52 NGN73,907.84	$18.46 VEF184.16	-66.7%
Average			-45.1%

Nigeria vs. Venezuela - Cost of housing

Improve prices · Change currency (USD)

pay 39.0% less for childcare

	Nigeria	Venezuela
Private preschool for 1 child, monthly	$219.45 NGN292K	$82.50 VEF822.90	-62.4%
Middle school for 1 child, two semesters	$4,089.03 NGN5M	$4,042.86 VEF40,325.48	-1.1%
Average			-39.0%

Nigeria vs. Venezuela - Cost of childcare

Improve prices · Change currency (USD)

pay 51.5% more for entertainment and sports

	Nigeria	Venezuela
Domestic/local beer (1 pint)	$0.74 NGN982.05	$1.60 VEF15.99	+117.3%
Cappuccino in mid-range area	$2.31 NGN3,070.30	$2.49 VEF24.84	+8.0%
Pack of cigarettes Marlboro or similar	$1.13 NGN1,506.57	$2.91 VEF29.07	+157.5%
Monthly membership at local gym	$19.01 NGN25,311.31	$34.32 VEF342.37	+80.5%
Movie ticket to theater/cinema	$4.40 NGN5,854.04	$4.44 VEF44.33	+1.1%
Average			+51.5%

Nigeria vs. Venezuela - Cost of entertainment and sports

Improve prices · Change currency (USD)

pay 2.4 times more for clothing

	Nigeria	Venezuela
Regular jeans Levi's brand	$13.41 NGN17,851.33	$48.42 VEF482.92	+261.0%
Regular dress from H&M or similar store	$20.94 NGN27,874.19	$42.47 VEF423.65	+102.8%
Running shoes Nike or Adidas	$34.35 NGN45,733.44	$85.14 VEF849.19	+147.8%
Men's business shoes (leather)	$40.18 NGN53,488.77	$76.63 VEF764.38	+90.7%
Average			+142.6%

Nigeria vs. Venezuela - Cost of clothing

Improve prices · Change currency (USD)

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

Compare further: Nigeria vs. Venezuela

Salary Calculator · Free tool

What salary would you need in Venezuela?

Quality of Life Comparison · 23 statistics

Make 2.9 times more money in Venezuela

Size Comparison · See true size

Nigeria is around the same size as Venezuela.

Moving from Nigeria to Venezuela · UN DESA 2020

97 people born in Nigeria live in Venezuela.

More cost comparisons

Nigeria vs.

Ghana

Nigeria vs.

United States

Nigeria vs.

Rwanda

Nigeria vs.

Benin

Nigeria vs.

Kenya

Nigeria vs.

Oman

Nigeria vs.

United Kingdom

Nigeria vs.

Togo

Share this

Compare by city

For example, try comparing the cost of living in Abuja vs. Caracas

Help us improve these prices

MyLifeElsewhere is a collaborative project. Please enter price information for your location to help assist us in making these comparisons more accurate. Learn more

Add prices for Nigeria

Add prices for Venezuela

Ask the Elsewhere Community

Join the Elsewhere community and ask a question about Venezuela or Nigeria. It's a free, question-and-answer based forum to discuss what life is like in countries and cities around the world.