Cost of living in Venezuela compared to Nigeria
Currency:
| Food | + 41% | |||
|---|---|---|---|---|
| Food in Venezuela is 41% more expensive than in Nigeria | ||||
| Venezuela | Nigeria | Diff | ||
| Basic lunchtime menu (including a drink) in the business district | US $20 (9,323 ₦) | 2,597 ₦ | + 259% | |
| Combo meal in fast food restaurant (big mac meal or similar) | US $11 (4,946 ₦) | 3,245 ₦ | + 52% | |
| 500 gr (1 lb.) of boneless chicken breast | US $3.29 (1,521 ₦) | 1,758 ₦ | - 14% | |
| 1 liter (1 qt.) of whole fat milk | US $2.26 (1,045 ₦) | 1,508 ₦ | - 31% | |
| 12 eggs, large | US $2.97 (1,373 ₦) | 1,104 ₦ | + 24% | |
| 1 kg (2 lb.) of tomatoes | US $1.93 (892 ₦) | 1,146 ₦ | - 22% | |
| 500 gr (16 oz.) of local cheese | US $3.35 (1,549 ₦) | 1,311 ₦ | + 18% | |
| 1 kg (2 lb.) of apples | US $5.11 (2,360 ₦) | 1,908 ₦ | + 24% | |
| 1 kg (2 lb.) of potatoes | US $2.27 (1,048 ₦) | 1,283 ₦ | - 18% | |
| 0.5 l (16 oz) domestic beer in the supermarket | US $1.83 (847 ₦) | 511 ₦ | + 66% | |
| 1 bottle of red table wine, good quality | US $10 (4,679 ₦) | 3,367 ₦ | + 39% | |
| 2 liters of coca-cola | US $2.39 (1,103 ₦) | 1,012 ₦ | + 9% | |
| Bread for 2 people for 1 day | US $1.21 (558 ₦) | 615 ₦ | - 9% | |
| Housing | - 50% | |||
| Housing in Venezuela is 50% cheaper than in Nigeria | ||||
| Venezuela | Nigeria | Diff | ||
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in expensive area | US $806 (372,600 ₦) | 1,087,280 ₦ | - 66% | |
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in normal area | US $465 (214,840 ₦) | 480,899 ₦ | - 55% | |
| Utilities 1 month (heating, electricity, gas ...) for 2 people in 85m2 flat | US $55 (25,485 ₦) | 50,320 ₦ | - 49% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in expensive area | US $544 (251,279 ₦) | 441,651 ₦ | - 43% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in normal area | US $319 (147,418 ₦) | 270,421 ₦ | - 45% | |
| Utilities 1 month (heating, electricity, gas ...) for 1 person in 45 m2 (480 sqft) studio | US $46 (21,115 ₦) | 80,318 ₦ | - 74% | |
| Internet 8 mbps (1 month) | US $27 (12,526 ₦) | 17,872 ₦ | - 30% | |
| 40” flat screen tv | US $258 (119,095 ₦) | 97,009 ₦ | + 23% | |
| Microwave 800/900 watt (bosch, panasonic, lg, sharp, or equivalent brands) | US $148 (68,316 ₦) | 56,399 ₦ | + 21% | |
| Laundry detergent (3 l. ~ 100 oz.) | US $8 (3,809 ₦) | 6,433 ₦ | - 41% | |
| Hourly rate for cleaning help | US $6 (2,834 ₦) | 1,500 ₦ | + 89% | |
| Clothes | + 39% | |||
| Clothes in Venezuela is 39% more expensive than in Nigeria | ||||
| Venezuela | Nigeria | Diff | ||
| 1 pair of jeans (levis 501 or similar) | US $52 (23,854 ₦) | 8,462 ₦ | + 182% | |
| 1 summer dress in a high street store (zara, h&m or similar retailers) | US $30 (13,882 ₦) | 12,300 ₦ | + 13% | |
| 1 pair of sport shoes (nike, adidas, or equivalent brands) | US $95 (43,802 ₦) | 28,695 ₦ | + 53% | |
| 1 pair of men’s leather business shoes | US $82 (37,936 ₦) | 29,497 ₦ | + 29% | |
| Transportation | - 16% | |||
| Transportation in Venezuela is 16% cheaper than in Nigeria | ||||
| Venezuela | Nigeria | Diff | ||
| Volkswagen golf 1.4 tsi 150 cv (or equivalent), with no extras, new | US $22,097 (10,208,953 ₦) | 8,000,000 ₦ | + 28% | |
| 1 liter (1/4 gallon) of gas | US $0.52 (240 ₦) | 279 ₦ | - 14% | |
| Monthly ticket public transport | US $28 (12,900 ₦) | 19,283 ₦ | - 33% | |
| Personal Care | + 76% | |||
| Personal Care in Venezuela is 76% more expensive than in Nigeria | ||||
| Venezuela | Nigeria | Diff | ||
| Cold medicine for 6 days (tylenol, frenadol, coldrex, or equivalent brands) | US $3.90 (1,801 ₦) | 383 ₦ | + 371% | |
| 1 box of antibiotics (12 doses) | US $9 (4,268 ₦) | 1,629 ₦ | + 162% | |
| Short visit to private doctor (15 minutes) | US $41 (18,867 ₦) | 19,489 ₦ | - 3% | |
| 1 box of 32 tampons (tampax, ob, ...) | US $5.35 (2,470 ₦) | 2,247 ₦ | + 10% | |
| Deodorant, roll-on (50ml ~ 1.5 oz.) | US $3.96 (1,829 ₦) | 835 ₦ | + 119% | |
| Hair shampoo 2-in-1 (400 ml ~ 12 oz.) | US $4.93 (2,280 ₦) | 1,660 ₦ | + 37% | |
| 4 rolls of toilet paper | US $3.02 (1,395 ₦) | 651 ₦ | + 114% | |
| Tube of toothpaste | US $2.32 (1,073 ₦) | 663 ₦ | + 62% | |
| Standard men's haircut in expat area of the city | US $16 (7,319 ₦) | 1,692 ₦ | + 333% | |
| Entertainment | + 81% | |||
| Entertainment in Venezuela is 81% more expensive than in Nigeria | ||||
| Venezuela | Nigeria | Diff | ||
| Basic dinner out for two in neighborhood pub | US $20 (9,035 ₦) | 8,546 ₦ | + 6% | |
| 2 tickets to the movies | US $8 (3,659 ₦) | 6,169 ₦ | - 41% | |
| 2 tickets to the theater (best available seats) | US $56 (26,074 ₦) | 8,826 ₦ | + 195% | |
| Dinner for two at an italian restaurant in the expat area including appetisers, main course, wine and dessert | US $41 (18,728 ₦) | 17,024 ₦ | + 10% | |
| 1 cocktail drink in downtown club | US $10 (4,473 ₦) | 3,233 ₦ | + 38% | |
| Cappuccino in expat area of the city | US $4.09 (1,889 ₦) | 1,074 ₦ | + 76% | |
| 1 beer in neighbourhood pub (500ml or 1pt.) | US $1.60 (740 ₦) | 500 ₦ | + 48% | |
| Ipad wi-fi 128gb | US $695 (320,895 ₦) | 137,406 ₦ | + 134% | |
| 1 min. of prepaid mobile tariff (no discounts or plans) | US $0.32 (150 ₦) | 24 ₦ | + 530% | |
| 1 month of gym membership in business district | US $60 (27,529 ₦) | 20,543 ₦ | + 34% | |
| 1 package of marlboro cigarettes | US $3.03 (1,399 ₦) | 519 ₦ | + 170% | |
| TOTAL | - 3% | |||
This comparison is lacking data. It provides a decent comparison, but it is not yet reliable. It is based on 3,588 prices entered by 279 different people.
These prices were last updated on June 03, 2023.
Exchange rate:
462.000
NGN
/
USD
*
Cost of living in Venezuela is about the same as in Nigeria
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