- Cost of Living
- Venezuela
- Nigeria
- Comparison
Cost of living in Venezuela compared to Nigeria
Currency:
| Food | + 146% | |||
|---|---|---|---|---|
| Food in Venezuela is 146% more expensive than in Nigeria | ||||
| Basic lunchtime menu (including a drink) in the business district | 650 Bs.S. (3,831 ₦) | 2,358 ₦ | + 62% | |
| Combo meal in fast food restaurant (Big Mac Meal or similar) | 778 Bs.S. (4,581 ₦) | 2,009 ₦ | + 128% | |
| 500 gr (1 lb.) of boneless chicken breast | 300 Bs.S. (1,767 ₦) | 945 ₦ | + 87% | |
| 1 liter (1 qt.) of whole fat milk | 162 Bs.S. (951 ₦) | 891 ₦ | + 7% | |
| 12 eggs, large | 236 Bs.S. (1,390 ₦) | 572 ₦ | + 143% | |
| 1 kg (2 lb.) of tomatoes | 613 Bs.S. (3,612 ₦) | 634 ₦ | + 470% | |
| 500 gr (16 oz.) of local cheese | 254 Bs.S. (1,494 ₦) | 2,069 ₦ | - 28% | |
| 1 kg (2 lb.) of apples | 450 Bs.S. (2,650 ₦) | 1,160 ₦ | + 129% | |
| 1 kg (2 lb.) of potatoes | 229 Bs.S. (1,349 ₦) | 918 ₦ | + 47% | |
| 0.5 l (16 oz) domestic beer in the supermarket | 242 Bs.S. (1,424 ₦) | 333 ₦ | + 328% | |
| 1 bottle of red table wine, good quality | 1,260 Bs.S. (7,421 ₦) | 2,423 ₦ | + 206% | |
| 2 liters of Coca-Cola | 345 Bs.S. (2,030 ₦) | 368 ₦ | + 451% | |
| Bread for 2 people for 1 day | 143 Bs.S. (845 ₦) | 368 ₦ | + 130% | |
| Housing | + 626% | |||
| Housing in Venezuela is 626% more expensive than in Nigeria | ||||
| Monthly rent for 85 m2 (900 Sqft) furnished accommodation in EXPENSIVE area | 628,456 Bs.S. (3,701,300 ₦) | 374,034 ₦ | + 890% | |
| Monthly rent for 85 m2 (900 Sqft) furnished accommodation in NORMAL area | 269,383 Bs.S. (1,586,535 ₦) | 313,093 ₦ | + 407% | |
| Utilities 1 month (heating, electricity, gas ...) for 2 people in 85m2 flat | 6,092 Bs.S. (35,881 ₦) | 30,732 ₦ | + 17% | |
| Monthly rent for a 45 m2 (480 Sqft) furnished studio in EXPENSIVE area | 50,462 Bs.S. (297,194 ₦) | 216,395 ₦ | + 37% | |
| Monthly rent for a 45 m2 (480 Sqft) furnished studio in NORMAL area | 237,541 Bs.S. (1,399,001 ₦) | 113,871 ₦ | + 1129% | |
| Utilities 1 month (heating, electricity, gas ...) for 1 person in 45 m2 (480 Sqft) studio | 3,289 Bs.S. (19,373 ₦) | 18,911 ₦ | + 2% | |
| Internet 8 Mbps (1 month) | 9,137 Bs.S. (53,814 ₦) | 6,931 ₦ | + 676% | |
| 40” flat screen TV | 70,000 Bs.S. (412,266 ₦) | 119,290 ₦ | + 246% | |
| Microwave 800/900 Watt (Bosch, Panasonic, LG, Sharp, or equivalent brands) | 17,500 Bs.S. (103,066 ₦) | 35,316 ₦ | + 192% | |
| Laundry detergent (3 l. ~ 100 oz.) | 970 Bs.S. (5,713 ₦) | 1,142 ₦ | + 400% | |
| Hourly rate for cleaning help | 7,942 Bs.S. (46,772 ₦) | 1,488 ₦ | + 3044% | |
| Clothes | + 43% | |||
| Clothes in Venezuela is 43% more expensive than in Nigeria | ||||
| 1 pair of jeans (Levis 501 or similar) | 5,750 Bs.S. (33,865 ₦) | 6,922 ₦ | + 389% | |
| 1 summer dress in a High Street Store (Zara, H&M or similar retailers) | 1,699 Bs.S. (10,006 ₦) | 11,004 ₦ | - 9% | |
| 1 pair of sport shoes (Nike, Adidas, or equivalent brands) | 7,000 Bs.S. (41,227 ₦) | 17,547 ₦ | + 135% | |
| 1 pair of men’s leather business shoes | 3,679 Bs.S. (21,666 ₦) | 30,237 ₦ | - 28% | |
| Transportation | + 267% | |||
| Transportation in Venezuela is 267% more expensive than in Nigeria | ||||
| Volkswagen Golf 1.4 TSI 150 CV (or equivalent), with no extras, new | 4,888,870 Bs.S. (28,793,067 ₦) | 5,470,950 ₦ | + 426% | |
| 1 liter (1/4 gallon) of gas | 50 Bs.S. (296 ₦) | 152 ₦ | + 94% | |
| Monthly ticket public transport | 6,114 Bs.S. (36,008 ₦) | 10,211 ₦ | + 253% | |
| Personal Care | + 162% | |||
| Personal Care in Venezuela is 162% more expensive than in Nigeria | ||||
| Cold medicine for 6 days (Tylenol, Frenadol, Coldrex, or equivalent brands) | 800 Bs.S. (4,712 ₦) | 1,712 ₦ | + 175% | |
| 1 box of antibiotics (12 doses) | 495 Bs.S. (2,918 ₦) | 1,894 ₦ | + 54% | |
| Short visit to private Doctor (15 minutes) | 6,963 Bs.S. (41,007 ₦) | 7,666 ₦ | + 435% | |
| 1 box of 32 tampons (Tampax, OB, ...) | 400 Bs.S. (2,356 ₦) | 1,414 ₦ | + 67% | |
| Deodorant, roll-on (50ml ~ 1.5 oz.) | 315 Bs.S. (1,856 ₦) | 1,096 ₦ | + 69% | |
| Hair shampoo 2-in-1 (400 ml ~ 12 oz.) | 380 Bs.S. (2,236 ₦) | 1,358 ₦ | + 65% | |
| 4 rolls of toilet paper | 166 Bs.S. (976 ₦) | 382 ₦ | + 156% | |
| Tube of toothpaste | 201 Bs.S. (1,184 ₦) | 488 ₦ | + 143% | |
| Standard men's haircut in expat area of the city | 838 Bs.S. (4,936 ₦) | 1,562 ₦ | + 216% | |
| Entertainment | + 208% | |||
| Entertainment in Venezuela is 208% more expensive than in Nigeria | ||||
| Basic dinner out for two in neighborhood pub | 785 Bs.S. (4,623 ₦) | 5,380 ₦ | - 14% | |
| 2 tickets to the movies | 789 Bs.S. (4,645 ₦) | 3,270 ₦ | + 42% | |
| 2 tickets to the theater (best available seats) | 17,471 Bs.S. (102,893 ₦) | 17,434 ₦ | + 490% | |
| Dinner for two at an Italian restaurant in the expat area including appetisers, main course, wine and dessert | 2,146 Bs.S. (12,640 ₦) | 14,287 ₦ | - 12% | |
| 1 cocktail drink in downtown club | 356 Bs.S. (2,094 ₦) | 2,654 ₦ | - 21% | |
| Cappuccino in expat area of the city | 30 Bs.S. (177 ₦) | 1,457 ₦ | - 88% | |
| 1 beer in neighbourhood pub (500ml or 1pt.) | 400 Bs.S. (2,356 ₦) | 559 ₦ | + 322% | |
| iPad Wi-Fi 128GB | 159,273 Bs.S. (938,041 ₦) | 178,066 ₦ | + 427% | |
| 1 min. of prepaid mobile tariff (no discounts or plans) | 11 Bs.S. (66 ₦) | 43 ₦ | + 53% | |
| 1 month of gym membership in business district | 15,793 Bs.S. (93,012 ₦) | 14,754 ₦ | + 530% | |
| 1 package of Marlboro cigarettes | 185 Bs.S. (1,090 ₦) | 461 ₦ | + 136% | |
| TOTAL | + 317% | |||
WARNING! This comparison is based on only a few data points. At this point it is only a guess. It is based on 3,544 prices entered by 322 different people.
These prices were last updated on December 10, 2018.
Exchange rate:
5.890
NGN
/
VES
*
Cost of living in Venezuela is 317% more expensive than in Nigeria
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