🇻🇪 Cost of Living in Venezuela - Prices & Budget Guide
Last updated: February 2026
Verified Facts
Official NameBolivarian Republic of Venezuela
CapitalCaracas
Population28.5 million
Area916,445 km² (353,841 sq mi)
LanguagesSpanish
CurrencyVenezuelan bolívar soberano (Bs.S.)
TimezoneUTC-04:00
RegionAmericas / South America
Drives onRight
Source: REST Countries API
Economic Indicators
Health Spend per Capita$186 (2023)
Out-of-Pocket Health Spend29.7% (2023)
Education Spend (% GDP)0.0% (2023)
Source: World Bank Open Data
Living in or visiting Venezuela can be relatively affordable, with daily expenses ranging from $20 to $100 USD per day, depending on the individual's lifestyle and preferences.
Quick Facts
Cost LevelAffordable
Daily Budget (Backpacker)$20-40 USD
Daily Budget (Mid-Range)$40-80 USD
Daily Budget (Comfort)$80-100 USD
CurrencyVES
Tipping Customnot expected
How Expensive Is Venezuela?
Venezuela is considered to be an affordable country, with a cost of living that is lower compared to other countries in South America. The country's economy has been affected by various factors, including inflation and economic sanctions, which have led to a decline in the value of the local currency, the Venezuelan bolivar (VES). However, for tourists and expats, Venezuela can still offer a unique and affordable experience, with a wide range of accommodation options, dining experiences, and activities to choose from. Overall, Venezuela is a great destination for those looking for an affordable and culturally rich experience.
Compared to its neighbors, Venezuela is relatively affordable, with prices similar to those found in Colombia and Brazil. However, the country's economic situation can make it challenging to find certain products and services, and the cost of living can vary greatly depending on the location and lifestyle. For example, the capital city of Caracas tends to be more expensive than other parts of the country, while smaller towns and rural areas can offer a more affordable and traditional way of life.
Accommodation Prices
Type
Price Range (USD/night)
Notes
Hostel/Budget
$10-20
Basic dorms and private rooms, often with shared facilities
Mid-Range Hotel
$30-60
Comfortable rooms with private bathrooms, TV, and air conditioning
Luxury/Resort
$80-150
High-end hotels and resorts, often with pools, restaurants, and spas
Apartment Rent (monthly)
$200-500
Furnished apartments in city centers, prices vary depending on location and amenities
Food & Dining Prices
Meal Type
Price Range (USD)
Street Food / Local Eatery
$3-5
Casual Restaurant
$10-20
Mid-Range Restaurant (2 people)
$20-40
Fine Dining
$40-60
Beer (local)
$2-5
Coffee
$1-3
Water (1.5L bottle)
$1-2
Transport Costs
Transport
Cost (USD)
Local bus/metro ride
$0.50-1
Taxi (per km)
$1-2
Domestic flight
$50-100
Fuel (per liter)
$0.50-1
Monthly Budget Breakdown
Category
Budget ($)
Mid-Range ($)
Comfortable ($)
Rent
200
400
600
Food
200
400
600
Transport
50
100
200
Utilities
50
100
150
Entertainment
100
200
300
Total
600
1,200
2,050
Money-Saving Tips
Consider staying in smaller towns or rural areas, where the cost of living is lower and the experience can be more authentic.
Eat at local restaurants and street food stalls, which offer a wide range of traditional dishes at affordable prices.
Use public transportation, which is cheap and efficient, or walk/bike whenever possible.
Avoid exchanging money at airports or hotels, where the rates tend to be less favorable, and instead use ATMs or local exchange offices.
Learn some basic Spanish phrases, which can help you navigate the country and interact with locals.
Be prepared for power outages and water shortages, which can occur in some areas, and take necessary precautions to stay safe and comfortable.