Cost of living in Valencia (Venezuela) is 86% 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 583 prices entered by 54 different people.
For example, to keep the same standard of living that would require kr29,000 in Aarhus you would need to make just about kr4,089 (Bs 154,382,176) in Valencia.