Cost of living in Valencia (Venezuela) is 65% cheaper than in Aarhus (Denmark)
This comparison is lacking data. It provides a decent comparison, but it is not yet reliable. It is based on 711 prices entered by 72 different people.
For example, to keep the same standard of living that would require kr28,000 in Aarhus you would need to make just about kr9,835 (Bs 122,130,946) in Valencia.