Cost of living in Venezuela compared to Nigeria
Currency:
| Food | - 93% | |||
|---|---|---|---|---|
| Food in Venezuela is 93% cheaper than in Nigeria | ||||
| Basic lunchtime menu (including a drink) in the business district | 1,124,320 Bs.S. (150 ₦) | 2,296 ₦ | - 93% | |
| Combo meal in fast food restaurant (big mac meal or similar) | 560,893 Bs.S. (75 ₦) | 2,790 ₦ | - 97% | |
| 500 gr (1 lb.) of boneless chicken breast | 271,401 Bs.S. (36 ₦) | 1,085 ₦ | - 97% | |
| 1 liter (1 qt.) of whole fat milk | - | 675 ₦ | - | |
| 12 eggs, large | 245,037 Bs.S. (33 ₦) | 827 ₦ | - 96% | |
| 1 kg (2 lb.) of tomatoes | 399,860 Bs.S. (53 ₦) | 635 ₦ | - 92% | |
| 500 gr (16 oz.) of local cheese | 375,291 Bs.S. (50 ₦) | 3,064 ₦ | - 98% | |
| 1 kg (2 lb.) of apples | 250,000 Bs.S. (33 ₦) | 1,084 ₦ | - 97% | |
| 1 kg (2 lb.) of potatoes | 81,024 Bs.S. (11 ₦) | 1,099 ₦ | - 99% | |
| 0.5 l (16 oz) domestic beer in the supermarket | 244,360 Bs.S. (33 ₦) | 549 ₦ | - 94% | |
| 1 bottle of red table wine, good quality | 1,667,850 Bs.S. (222 ₦) | 2,934 ₦ | - 92% | |
| 2 liters of coca-cola | 74,000 Bs.S. (10 ₦) | 366 ₦ | - 97% | |
| Bread for 2 people for 1 day | 171,000 Bs.S. (23 ₦) | 394 ₦ | - 94% | |
| Housing | - 97% | |||
| Housing in Venezuela is 97% cheaper than in Nigeria | ||||
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in expensive area | 86,491,800 Bs.S. (11,521 ₦) | 544,026 ₦ | - 98% | |
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in normal area | 48,200,900 Bs.S. (6,421 ₦) | 196,901 ₦ | - 97% | |
| Utilities 1 month (heating, electricity, gas ...) for 2 people in 85m2 flat | 6,800,850 Bs.S. (906 ₦) | 34,981 ₦ | - 97% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in expensive area | 41,102,300 Bs.S. (5,475 ₦) | 128,374 ₦ | - 96% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in normal area | 26,900,700 Bs.S. (3,583 ₦) | 191,228 ₦ | - 98% | |
| Utilities 1 month (heating, electricity, gas ...) for 1 person in 45 m2 (480 sqft) studio | 4,347,410 Bs.S. (579 ₦) | 33,513 ₦ | - 98% | |
| Internet 8 mbps (1 month) | 1,889,210 Bs.S. (252 ₦) | 11,792 ₦ | - 98% | |
| 40” flat screen tv | 23,585,800 Bs.S. (3,142 ₦) | 116,113 ₦ | - 97% | |
| Microwave 800/900 watt (bosch, panasonic, lg, sharp, or equivalent brands) | 5,084,150 Bs.S. (677 ₦) | 40,012 ₦ | - 98% | |
| Laundry detergent (3 l. ~ 100 oz.) | 939,431 Bs.S. (125 ₦) | 1,645 ₦ | - 92% | |
| Hourly rate for cleaning help | 731,153 Bs.S. (97 ₦) | 1,000 ₦ | - 90% | |
| Clothes | - 96% | |||
| Clothes in Venezuela is 96% cheaper than in Nigeria | ||||
| 1 pair of jeans (levis 501 or similar) | 3,318,410 Bs.S. (442 ₦) | 7,775 ₦ | - 94% | |
| 1 summer dress in a high street store (zara, h&m or similar retailers) | 3,237,070 Bs.S. (431 ₦) | 14,243 ₦ | - 97% | |
| 1 pair of sport shoes (nike, adidas, or equivalent brands) | 4,757,050 Bs.S. (634 ₦) | 15,717 ₦ | - 96% | |
| 1 pair of men’s leather business shoes | 5,926,600 Bs.S. (789 ₦) | 15,582 ₦ | - 95% | |
| Transportation | - 88% | |||
| Transportation in Venezuela is 88% cheaper than in Nigeria | ||||
| Volkswagen golf 1.4 tsi 150 cv (or equivalent), with no extras, new | 743,546,000 Bs.S. (99,044 ₦) | 8,553,290 ₦ | - 99% | |
| 1 liter (1/4 gallon) of gas | 10,911 Bs.S. (1.45 ₦) | 157 ₦ | - 99% | |
| Monthly ticket public transport | 5,389,840 Bs.S. (718 ₦) | 12,922 ₦ | - 94% | |
| Personal Care | - 97% | |||
| Personal Care in Venezuela is 97% cheaper than in Nigeria | ||||
| Cold medicine for 6 days (tylenol, frenadol, coldrex, or equivalent brands) | 484,612 Bs.S. (65 ₦) | 1,873 ₦ | - 97% | |
| 1 box of antibiotics (12 doses) | 1,323,340 Bs.S. (176 ₦) | 3,886 ₦ | - 95% | |
| Short visit to private doctor (15 minutes) | 5,482,560 Bs.S. (730 ₦) | 21,360 ₦ | - 97% | |
| 1 box of 32 tampons (tampax, ob, ...) | 277,651 Bs.S. (37 ₦) | 1,776 ₦ | - 98% | |
| Deodorant, roll-on (50ml ~ 1.5 oz.) | 245,133 Bs.S. (33 ₦) | 1,014 ₦ | - 97% | |
| Hair shampoo 2-in-1 (400 ml ~ 12 oz.) | 240,933 Bs.S. (32 ₦) | 2,171 ₦ | - 99% | |
| 4 rolls of toilet paper | 225,646 Bs.S. (30 ₦) | 671 ₦ | - 96% | |
| Tube of toothpaste | 80,271 Bs.S. (11 ₦) | 649 ₦ | - 98% | |
| Standard men's haircut in expat area of the city | 709,887 Bs.S. (95 ₦) | 2,351 ₦ | - 96% | |
| Entertainment | - 96% | |||
| Entertainment in Venezuela is 96% cheaper than in Nigeria | ||||
| Basic dinner out for two in neighborhood pub | 3,262,590 Bs.S. (435 ₦) | 9,428 ₦ | - 95% | |
| 2 tickets to the movies | 1,570,130 Bs.S. (209 ₦) | 4,368 ₦ | - 95% | |
| 2 tickets to the theater (best available seats) | 7,949,540 Bs.S. (1,059 ₦) | 18,463 ₦ | - 94% | |
| Dinner for two at an italian restaurant in the expat area including appetisers, main course, wine and dessert | 6,233,170 Bs.S. (830 ₦) | 21,062 ₦ | - 96% | |
| 1 cocktail drink in downtown club | 700,680 Bs.S. (93 ₦) | 2,330 ₦ | - 96% | |
| Cappuccino in expat area of the city | 281,779 Bs.S. (38 ₦) | 2,500 ₦ | - 98% | |
| 1 beer in neighbourhood pub (500ml or 1pt.) | 583,086 Bs.S. (78 ₦) | 700 ₦ | - 89% | |
| Ipad wi-fi 128gb | 18,876,100 Bs.S. (2,514 ₦) | 178,695 ₦ | - 99% | |
| 1 min. of prepaid mobile tariff (no discounts or plans) | 49,530 Bs.S. (7 ₦) | 108 ₦ | - 94% | |
| 1 month of gym membership in business district | 2,545,750 Bs.S. (339 ₦) | 15,502 ₦ | - 98% | |
| 1 package of marlboro cigarettes | 888,576 Bs.S. (118 ₦) | 632 ₦ | - 81% | |
| TOTAL | - 94% | |||
WARNING! This comparison is based on only a few data points. At this point it is only a guess. It is based on 2,991 prices entered by 242 different people.
These prices were last updated on May 08, 2021.
Exchange rate:
0.00013
NGN
/
VES
*
Cost of living in Venezuela is 94% cheaper than in Nigeria
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