Cost of living in Venezuela compared to Nigeria
Currency:
| Food | + 139% | |||
|---|---|---|---|---|
| Food in Venezuela is 139% more expensive than in Nigeria | ||||
| Venezuela | Nigeria | Diff | ||
| Basic lunchtime menu (including a drink) in the business district | US $16 (25,414 ₦) | 6,197 ₦ | + 310% | |
| Combo meal in fast food restaurant (big mac meal or similar) | US $9 (13,826 ₦) | 4,250 ₦ | + 225% | |
| 500 gr (1 lb.) of boneless chicken breast | US $3.79 (5,854 ₦) | 3,207 ₦ | + 83% | |
| 1 liter (1 qt.) of whole fat milk | US $2.05 (3,171 ₦) | 1,143 ₦ | + 177% | |
| 12 eggs, large | US $3.22 (4,969 ₦) | 2,479 ₦ | + 100% | |
| 1 kg (2 lb.) of tomatoes | US $1.81 (2,799 ₦) | 1,495 ₦ | + 87% | |
| 500 gr (16 oz.) of local cheese | US $3.95 (6,098 ₦) | 5,933 ₦ | + 3% | |
| 1 kg (2 lb.) of apples | US $5.83 (9,003 ₦) | 3,488 ₦ | + 158% | |
| 1 kg (2 lb.) of potatoes | US $2.19 (3,386 ₦) | 2,733 ₦ | + 24% | |
| 0.5 l (16 oz) domestic beer in the supermarket | US $1.64 (2,528 ₦) | 1,037 ₦ | + 144% | |
| 1 bottle of red table wine, good quality | US $11 (16,409 ₦) | 9,593 ₦ | + 71% | |
| 2 liters of coca-cola | US $2.22 (3,426 ₦) | 1,084 ₦ | + 216% | |
| Bread for 2 people for 1 day | US $1.20 (1,855 ₦) | 1,323 ₦ | + 40% | |
| Housing | - 12% | |||
| Housing in Venezuela is 12% cheaper than in Nigeria | ||||
| Venezuela | Nigeria | Diff | ||
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in expensive area | US $939 (1,450,137 ₦) | 2,222,680 ₦ | - 35% | |
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in normal area | US $679 (1,048,182 ₦) | 1,328,290 ₦ | - 21% | |
| Utilities 1 month (heating, electricity, gas ...) for 2 people in 85m2 flat | US $55 (85,494 ₦) | 153,894 ₦ | - 44% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in expensive area | US $686 (1,059,556 ₦) | 844,148 ₦ | + 26% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in normal area | US $392 (605,470 ₦) | 754,176 ₦ | - 20% | |
| Utilities 1 month (heating, electricity, gas ...) for 1 person in 45 m2 (480 sqft) studio | US $53 (81,238 ₦) | 240,561 ₦ | - 66% | |
| Internet 8 mbps (1 month) | US $22 (34,060 ₦) | 28,675 ₦ | + 19% | |
| 40” flat screen tv | US $198 (306,040 ₦) | 387,079 ₦ | - 21% | |
| Microwave 800/900 watt (bosch, panasonic, lg, sharp, or equivalent brands) | US $100 (154,722 ₦) | 126,450 ₦ | + 22% | |
| Laundry detergent (3 l. ~ 100 oz.) | US $8 (12,062 ₦) | 2,193 ₦ | + 450% | |
| Hourly rate for cleaning help | US $12 (18,435 ₦) | 2,985 ₦ | + 518% | |
| Clothes | + 233% | |||
| Clothes in Venezuela is 233% more expensive than in Nigeria | ||||
| Venezuela | Nigeria | Diff | ||
| 1 pair of jeans (levis 501 or similar) | US $49 (76,095 ₦) | 17,024 ₦ | + 347% | |
| 1 summer dress in a high street store (zara, h&m or similar retailers) | US $32 (48,785 ₦) | 15,682 ₦ | + 211% | |
| 1 pair of sport shoes (nike, adidas, or equivalent brands) | US $89 (137,693 ₦) | 45,968 ₦ | + 200% | |
| 1 pair of men’s leather business shoes | US $86 (132,350 ₦) | 50,000 ₦ | + 165% | |
| Transportation | + 67% | |||
| Transportation in Venezuela is 67% more expensive than in Nigeria | ||||
| Venezuela | Nigeria | Diff | ||
| Volkswagen golf 1.4 tsi 150 cv (or equivalent), with no extras, new | US $28,518 (44,017,771 ₦) | 5,000,000 ₦ | + 780% | |
| 1 liter (1/4 gallon) of gas | US $0.51 (794 ₦) | 1,034 ₦ | - 23% | |
| Monthly ticket public transport | US $32 (49,264 ₦) | 34,491 ₦ | + 43% | |
| Personal Care | + 226% | |||
| Personal Care in Venezuela is 226% more expensive than in Nigeria | ||||
| Venezuela | Nigeria | Diff | ||
| Cold medicine for 6 days (tylenol, frenadol, coldrex, or equivalent brands) | US $5.81 (8,969 ₦) | 4,044 ₦ | + 122% | |
| 1 box of antibiotics (12 doses) | US $11 (16,399 ₦) | 1,768 ₦ | + 828% | |
| Short visit to private doctor (15 minutes) | US $42 (64,535 ₦) | 17,619 ₦ | + 266% | |
| 1 box of 32 tampons (tampax, ob, ...) | US $10 (14,834 ₦) | 4,474 ₦ | + 232% | |
| Deodorant, roll-on (50ml ~ 1.5 oz.) | US $4.46 (6,884 ₦) | 1,749 ₦ | + 294% | |
| Hair shampoo 2-in-1 (400 ml ~ 12 oz.) | US $6 (9,752 ₦) | 3,834 ₦ | + 154% | |
| 4 rolls of toilet paper | US $3.06 (4,721 ₦) | 2,923 ₦ | + 62% | |
| Tube of toothpaste | US $3.00 (4,626 ₦) | 1,338 ₦ | + 246% | |
| Standard men's haircut in expat area of the city | US $16 (24,482 ₦) | 3,631 ₦ | + 574% | |
| Entertainment | + 61% | |||
| Entertainment in Venezuela is 61% more expensive than in Nigeria | ||||
| Venezuela | Nigeria | Diff | ||
| Basic dinner out for two in neighborhood pub | US $24 (36,963 ₦) | 43,872 ₦ | - 16% | |
| 2 tickets to the movies | US $8 (12,092 ₦) | 11,069 ₦ | + 9% | |
| 2 tickets to the theater (best available seats) | US $50 (77,834 ₦) | 15,224 ₦ | + 411% | |
| Dinner for two at an italian restaurant in the expat area including appetisers, main course, wine and dessert | US $46 (71,300 ₦) | 42,055 ₦ | + 70% | |
| 1 cocktail drink in downtown club | US $11 (16,943 ₦) | 4,541 ₦ | + 273% | |
| Cappuccino in expat area of the city | US $4.59 (7,091 ₦) | 3,331 ₦ | + 113% | |
| 1 beer in neighbourhood pub (500ml or 1pt.) | US $1.43 (2,213 ₦) | 1,421 ₦ | + 56% | |
| Ipad wi-fi 128gb | US $516 (796,492 ₦) | 298,218 ₦ | + 167% | |
| 1 min. of prepaid mobile tariff (no discounts or plans) | US $0.27 (421 ₦) | - | - | |
| 1 month of gym membership in business district | US $85 (131,774 ₦) | 34,159 ₦ | + 286% | |
| 1 package of marlboro cigarettes | US $3.72 (5,742 ₦) | 2,500 ₦ | + 130% | |
| TOTAL | + 57% | |||
This comparison is lacking data. It provides a decent comparison, but it is not yet reliable. It is based on 1,482 prices entered by 146 different people.
These prices were last updated on June 12, 2025.
Exchange rate:
1543.530
NGN
/
USD
*
Cost of living in Venezuela is 57% more expensive than in Nigeria
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