Cost of living comparison

North Korea

compared to

Venezuela

Caracas vs. P'yongyang Cost of Living Summary

Caracas is 2.7 times more expensive than P'yongyang.

Restaurants: pay 10.5% more in Caracas
Groceries: pay 89.0% more in Caracas
Housing: pay 5.7 times more in Caracas
Entertainment and Sports: pay 23.7% less in Caracas

The cost of housing, groceries, and restaurants in Caracas are more expensive than in P'yongyang. Notably, housing and groceries are significantly more expensive in Caracas.

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Caracas vs. P'yongyang Cost Breakdown

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

Display currency: USD

pay 10.5% more for restaurants

	P'yongyang	Caracas
Basic meal with drink at inexpensive restaurant	$4.81 KPW4,327	$10.80 VEF107.76	+124.7%
Fast food combo meal McDonalds, or similar	$21.26 KPW19,136	$11.00 VEF109.72	-48.3%
Bottle of Coca-Cola (11 fl. oz)	$2.21 KPW1,985	$1.53 VEF15.23	-30.8%
Bottle of water (11 fl. oz)	$1.28 KPW1,153	$1.32 VEF13.13	+2.8%
Average			+10.5%

P'yongyang vs. Caracas - Cost of restaurants

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pay 89.0% more for groceries

	P'yongyang	Caracas
Bread 1 loaf	$2.30 KPW2,071	$2.27 VEF22.67	-1.2%
Local cheese (8 oz)	??	$5.08 VEF50.69
Milk (1 gallon)	$3.55 KPW3,195	$10.26 VEF102.36	+189.1%
Eggs 1 dozen	$2.00 KPW1,798	$4.73 VEF47.13	+136.5%
Boneless chicken breast (1 lb)	??	$4.21 VEF41.95
Apples (1 lb)	??	$3.29 VEF32.80
Bananas (1 lb)	??	$0.91 VEF9.08
Oranges (1 lb)	??	$0.99 VEF9.84
Tomatoes (1 lb)	??	$1.05 VEF10.45
Potatoes (1 lb)	??	$1.02 VEF10.17
Onions (1 lb)	??	$0.99 VEF9.88
Average			+89.0%

P'yongyang vs. Caracas - Cost of groceries

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pay (unknown) more for transportation

	P'yongyang	Caracas
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
Taxi trip in downtown area (5 miles)	??	$27.00 VEF269.31

P'yongyang vs. Caracas - Cost of transportation

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pay 5.7 times more for housing

	P'yongyang	Caracas
Internet connection 50 mbps or faster, cable/dsl	??	$37.99 VEF378.95
1-Bedroom apartment in downtown area	$89.58 KPW80,621	$610.08 VEF6,085.28	+581.1%
1-Bedroom apartment outside city center	$89.58 KPW80,621	$425.00 VEF4,239.16	+374.4%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	??	$16.60 VEF165.55
Average			+468.4%

P'yongyang vs. Caracas - Cost of housing

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pay (unknown) more for childcare

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

P'yongyang vs. Caracas - Cost of childcare

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pay 23.7% less for entertainment and sports

	P'yongyang	Caracas
Domestic/local beer (1 pint)	$13.44 KPW12,093	$2.00 VEF19.95	-85.1%
Cappuccino in mid-range area	$1.12 KPW1,008	$3.63 VEF36.19	+224.1%
Pack of cigarettes Marlboro or similar	??	$4.58 VEF45.68
Monthly membership at local gym	$75.02 KPW67,520	$66.50 VEF663.30	-11.4%
Movie ticket to theater/cinema	??	$6.50 VEF64.83
Average			-23.7%

P'yongyang vs. Caracas - Cost of entertainment and sports

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pay (unknown) more for clothing

	P'yongyang	Caracas
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
Men's business shoes (leather)	??	$133.87 VEF1,335.27

P'yongyang vs. Caracas - 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

Compare further: P'yongyang vs. Caracas

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