Cost of living in Venezuela compared to Nigeria
Currency:
| Food | + 20% | |||
|---|---|---|---|---|
| Food in Venezuela is 20% more expensive than in Nigeria | ||||
| Venezuela | Nigeria | Diff | ||
| Basic lunchtime menu (including a drink) in the business district | US $17 (6,880 ₦) | 3,461 ₦ | + 99% | |
| Combo meal in fast food restaurant (big mac meal or similar) | US $10 (4,207 ₦) | 3,494 ₦ | + 20% | |
| 500 gr (1 lb.) of boneless chicken breast | US $2.89 (1,202 ₦) | 1,266 ₦ | - 5% | |
| 1 liter (1 qt.) of whole fat milk | US $1.83 (762 ₦) | 1,051 ₦ | - 28% | |
| 12 eggs, large | US $2.96 (1,230 ₦) | 808 ₦ | + 52% | |
| 1 kg (2 lb.) of tomatoes | US $1.38 (571 ₦) | 989 ₦ | - 42% | |
| 500 gr (16 oz.) of local cheese | US $2.53 (1,051 ₦) | 5,019 ₦ | - 79% | |
| 1 kg (2 lb.) of apples | US $5.82 (2,418 ₦) | 1,236 ₦ | + 96% | |
| 1 kg (2 lb.) of potatoes | US $1.56 (649 ₦) | 1,012 ₦ | - 36% | |
| 0.5 l (16 oz) domestic beer in the supermarket | US $1.45 (601 ₦) | 367 ₦ | + 64% | |
| 1 bottle of red table wine, good quality | US $13 (5,281 ₦) | 4,640 ₦ | + 14% | |
| 2 liters of coca-cola | US $2.41 (1,001 ₦) | 659 ₦ | + 52% | |
| Bread for 2 people for 1 day | US $1.24 (513 ₦) | 528 ₦ | - 3% | |
| Housing | - 33% | |||
| Housing in Venezuela is 33% cheaper than in Nigeria | ||||
| Venezuela | Nigeria | Diff | ||
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in expensive area | US $774 (321,532 ₦) | 600,977 ₦ | - 46% | |
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in normal area | US $450 (186,848 ₦) | 344,756 ₦ | - 46% | |
| Utilities 1 month (heating, electricity, gas ...) for 2 people in 85m2 flat | US $37 (15,546 ₦) | 21,473 ₦ | - 28% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in expensive area | US $369 (153,236 ₦) | 319,785 ₦ | - 52% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in normal area | US $310 (128,631 ₦) | 184,708 ₦ | - 30% | |
| Utilities 1 month (heating, electricity, gas ...) for 1 person in 45 m2 (480 sqft) studio | US $27 (11,267 ₦) | 7,649 ₦ | + 47% | |
| Internet 8 mbps (1 month) | US $38 (15,835 ₦) | 17,828 ₦ | - 11% | |
| 40” flat screen tv | US $276 (114,792 ₦) | 105,832 ₦ | + 8% | |
| Microwave 800/900 watt (bosch, panasonic, lg, sharp, or equivalent brands) | US $156 (64,953 ₦) | 74,342 ₦ | - 13% | |
| Laundry detergent (3 l. ~ 100 oz.) | US $5.38 (2,235 ₦) | 1,818 ₦ | + 23% | |
| Hourly rate for cleaning help | US $15 (6,311 ₦) | - | - | |
| Clothes | - 2% | |||
| Clothes in Venezuela is about the same as in Nigeria | ||||
| Venezuela | Nigeria | Diff | ||
| 1 pair of jeans (levis 501 or similar) | US $40 (16,783 ₦) | 9,511 ₦ | + 76% | |
| 1 summer dress in a high street store (zara, h&m or similar retailers) | US $33 (13,546 ₦) | 14,349 ₦ | - 6% | |
| 1 pair of sport shoes (nike, adidas, or equivalent brands) | US $89 (36,974 ₦) | 46,330 ₦ | - 20% | |
| 1 pair of men’s leather business shoes | US $78 (32,411 ₦) | 37,979 ₦ | - 15% | |
| Transportation | + 48% | |||
| Transportation in Venezuela is 48% more expensive than in Nigeria | ||||
| Venezuela | Nigeria | Diff | ||
| Volkswagen golf 1.4 tsi 150 cv (or equivalent), with no extras, new | US $30,217 (12,548,036 ₦) | 7,857,240 ₦ | + 60% | |
| 1 liter (1/4 gallon) of gas | US $0.77 (320 ₦) | 182 ₦ | + 75% | |
| Monthly ticket public transport | US $29 (12,030 ₦) | 8,326 ₦ | + 44% | |
| Personal Care | + 44% | |||
| Personal Care in Venezuela is 44% more expensive than in Nigeria | ||||
| Venezuela | Nigeria | Diff | ||
| Cold medicine for 6 days (tylenol, frenadol, coldrex, or equivalent brands) | US $4.48 (1,861 ₦) | 526 ₦ | + 254% | |
| 1 box of antibiotics (12 doses) | US $8 (3,513 ₦) | 1,787 ₦ | + 97% | |
| Short visit to private doctor (15 minutes) | US $35 (14,578 ₦) | 15,152 ₦ | - 4% | |
| 1 box of 32 tampons (tampax, ob, ...) | US $5.31 (2,207 ₦) | 1,295 ₦ | + 70% | |
| Deodorant, roll-on (50ml ~ 1.5 oz.) | US $3.24 (1,345 ₦) | 1,096 ₦ | + 23% | |
| Hair shampoo 2-in-1 (400 ml ~ 12 oz.) | US $4.83 (2,004 ₦) | 1,223 ₦ | + 64% | |
| 4 rolls of toilet paper | US $2.04 (847 ₦) | 604 ₦ | + 40% | |
| Tube of toothpaste | US $1.89 (783 ₦) | 529 ₦ | + 48% | |
| Standard men's haircut in expat area of the city | US $11 (4,661 ₦) | 1,631 ₦ | + 186% | |
| Entertainment | + 28% | |||
| Entertainment in Venezuela is 28% more expensive than in Nigeria | ||||
| Venezuela | Nigeria | Diff | ||
| Basic dinner out for two in neighborhood pub | US $22 (9,186 ₦) | 5,323 ₦ | + 73% | |
| 2 tickets to the movies | US $10 (4,256 ₦) | 5,345 ₦ | - 20% | |
| 2 tickets to the theater (best available seats) | US $45 (18,526 ₦) | 19,661 ₦ | - 6% | |
| Dinner for two at an italian restaurant in the expat area including appetisers, main course, wine and dessert | US $37 (15,492 ₦) | 9,858 ₦ | + 57% | |
| 1 cocktail drink in downtown club | US $9 (3,679 ₦) | 970 ₦ | + 279% | |
| Cappuccino in expat area of the city | US $3.46 (1,437 ₦) | 596 ₦ | + 141% | |
| 1 beer in neighbourhood pub (500ml or 1pt.) | US $1.65 (687 ₦) | 579 ₦ | + 19% | |
| Ipad wi-fi 128gb | US $573 (237,961 ₦) | 182,671 ₦ | + 30% | |
| 1 min. of prepaid mobile tariff (no discounts or plans) | US $0.10 (40 ₦) | 25 ₦ | + 61% | |
| 1 month of gym membership in business district | US $38 (15,673 ₦) | 20,152 ₦ | - 22% | |
| 1 package of marlboro cigarettes | US $3.36 (1,396 ₦) | 501 ₦ | + 179% | |
| TOTAL | + 6% | |||
This comparison has some inconsistent or sparse data. It already provides a reliable comparison but it is not bullet-proof. It is based on 2,662 prices entered by 240 different people.
These prices were last updated on May 14, 2022.
Exchange rate:
415.260
NGN
/
USD
*
Cost of living in Venezuela is 6% more expensive than in Nigeria
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