Cost of living comparison
Caracas is 48.8% cheaper than Reykjavik.
If you lived in Caracas instead of Reykjavik, you would:
pay 47.3% less for restaurants
Reykjavik
|
Caracas
|
||
---|---|---|---|
Basic meal with drink at inexpensive restaurant |
$18.40
ISK2,584
|
$10.00
VEF99.75
|
|
Fast food combo meal
McDonalds, or similar
|
$15.62
ISK2,194
|
$10.00
VEF99.75
|
|
Bottle of Coca-Cola (11 fl. oz) |
$2.53
ISK356
|
$1.26
VEF12.56
|
|
Bottle of water (11 fl. oz) |
$2.03
ISK284
|
$0.87
VEF8.65
|
|
pay 33.9% less for groceries
Reykjavik
|
Caracas
|
||
---|---|---|---|
Bread
1 loaf
|
$3.40
ISK478
|
$2.23
VEF22.25
|
|
Local cheese (8 oz) |
$7.20
ISK1,010
|
$2.86
VEF28.55
|
|
Milk (1 gallon) |
$5.90
ISK828
|
$7.06
VEF70.44
|
|
Eggs
1 dozen
|
$5.64
ISK792
|
$2.29
VEF22.79
|
|
Boneless chicken breast (1 lb) |
$8.08
ISK1,135
|
$2.66
VEF26.54
|
|
Apples (1 lb) |
$1.57
ISK220
|
$1.87
VEF18.65
|
|
Bananas (1 lb) |
$0.93
ISK131
|
$0.50
VEF4.98
|
|
Oranges (1 lb) |
$1.23
ISK173
|
$0.73
VEF7.24
|
|
Tomatoes (1 lb) |
$2.22
ISK311
|
$0.68
VEF6.74
|
|
Potatoes (1 lb) |
$1.24
ISK175
|
$0.73
VEF7.31
|
|
Onions (1 lb) |
$0.69
ISK97
|
$0.74
VEF7.40
|
|
pay 47.3% less for transportation
Reykjavik
|
Caracas
|
||
---|---|---|---|
Gasoline (1 gallon) |
$8.90
ISK1,249
|
$1.89
VEF18.88
|
|
Monthly public transit pass |
$65.56
ISK9,205
|
$30.00
VEF299.24
|
|
New Volkswagen Golf 1.4 (standard edition) |
$37,150.35
ISK5,215,909
|
$32,000.00
VEF319,184.03
|
|
Taxi trip in downtown area (5 miles) |
$29.44
ISK4,134
|
$17.00
VEF169.57
|
|
pay 68.0% less for housing
Reykjavik
|
Caracas
|
||
---|---|---|---|
Internet connection
50 mbps or faster, cable/dsl
|
$64.04
ISK8,991
|
$42.00
VEF418.93
|
|
1-Bedroom apartment in downtown area |
$1,613.16
ISK226,488
|
$360.00
VEF3,590.82
|
|
1-Bedroom apartment outside city center |
$1,379.70
ISK193,710
|
$345.00
VEF3,441.20
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$69.31
ISK9,732
|
$10.46
VEF104.34
|
|
pay 40.5% less for childcare
Reykjavik
|
Caracas
|
||
---|---|---|---|
Private preschool for 1 child, monthly |
$282.44
ISK39,654
|
$73.54
VEF733.54
|
|
Middle school for 1 child, two semesters |
$6,058.18
ISK850,568
|
$5,633.33
VEF56,189.69
|
|
pay 58.9% less for entertainment and sports
Reykjavik
|
Caracas
|
||
---|---|---|---|
Domestic/local beer (1 pint) |
$9.47
ISK1,330
|
$1.50
VEF14.96
|
|
Cappuccino in mid-range area |
$4.53
ISK636
|
$1.79
VEF17.82
|
|
Pack of cigarettes
Marlboro or similar
|
$11.66
ISK1,636
|
$3.50
VEF34.91
|
|
Monthly membership at local gym |
$67.30
ISK9,450
|
$51.31
VEF511.77
|
|
Movie ticket to theater/cinema |
$13.66
ISK1,918
|
$6.00
VEF59.85
|
|
pay 45.7% less for clothing
Reykjavik
|
Caracas
|
||
---|---|---|---|
Regular jeans
Levi's brand
|
$108.17
ISK15,186
|
$42.19
VEF420.80
|
|
Regular dress
from H&M or similar store
|
$43.41
ISK6,095
|
$38.00
VEF379.03
|
|
Running shoes
Nike or Adidas
|
$137.74
ISK19,339
|
$75.77
VEF755.76
|
|
Men's business shoes (leather) |
$182.49
ISK25,622
|
$65.25
VEF650.84
|
|
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