- Cost of Living
- Venezuela
- Panama
- Comparison
Cost of living in Venezuela compared to Panama
Currency:
| Food | - 52% | |||
|---|---|---|---|---|
| Food in Venezuela is 52% cheaper than in Panama | ||||
| Basic lunchtime menu (including a drink) in the business district | Bs 665,315 (2.66 B/.) | 9 B/. | - 70% | |
| Combo meal in fast food restaurant (Big Mac Meal or similar) | Bs 534,547 (2.14 B/.) | 6 B/. | - 66% | |
| 500 gr (1 lb.) of boneless chicken breast | Bs 428,126 (1.71 B/.) | 2.73 B/. | - 37% | |
| 1 liter (1 qt.) of whole fat milk | Bs 163,069 (0.65 B/.) | 1.58 B/. | - 59% | |
| 12 eggs, large | Bs 303,427 (1.22 B/.) | 2.42 B/. | - 50% | |
| 1 kg (2 lb.) of tomatoes | Bs 388,321 (1.56 B/.) | 2.54 B/. | - 39% | |
| 500 gr (16 oz.) of local cheese | Bs 540,808 (2.17 B/.) | 8 B/. | - 72% | |
| 1 kg (2 lb.) of apples | Bs 568,359 (2.28 B/.) | 3.48 B/. | - 35% | |
| 1 kg (2 lb.) of potatoes | Bs 189,758 (0.76 B/.) | 1.71 B/. | - 56% | |
| 0.5 l (16 oz) domestic beer in the supermarket | Bs 227,137 (0.91 B/.) | 0.94 B/. | - 3% | |
| 1 bottle of red table wine, good quality | Bs 1,922,010 (8 B/.) | 9 B/. | - 15% | |
| 2 liters of Coca-Cola | Bs 233,187 (0.93 B/.) | 2.17 B/. | - 57% | |
| Bread for 2 people for 1 day | Bs 182,988 (0.73 B/.) | 1.67 B/. | - 56% | |
| Housing | - 33% | |||
| Housing in Venezuela is 33% cheaper than in Panama | ||||
| Monthly rent for 85 m2 (900 Sqft) furnished accommodation in EXPENSIVE area | Bs 148,464,000 (595 B/.) | 1,530 B/. | - 61% | |
| Monthly rent for 85 m2 (900 Sqft) furnished accommodation in NORMAL area | Bs 247,433,000 (991 B/.) | 965 B/. | + 3% | |
| Utilities 1 month (heating, electricity, gas ...) for 2 people in 85m2 flat | Bs 15,000,000 (60 B/.) | 178 B/. | - 66% | |
| Monthly rent for a 45 m2 (480 Sqft) furnished studio in EXPENSIVE area | Bs 174,804,000 (700 B/.) | 1,113 B/. | - 37% | |
| Monthly rent for a 45 m2 (480 Sqft) furnished studio in NORMAL area | Bs 207,499,000 (831 B/.) | 681 B/. | + 22% | |
| Utilities 1 month (heating, electricity, gas ...) for 1 person in 45 m2 (480 Sqft) studio | Bs 9,017,800 (36 B/.) | 118 B/. | - 69% | |
| Internet 8 Mbps (1 month) | Bs 1,000,000 (4.01 B/.) | 33 B/. | - 88% | |
| 40” flat screen TV | Bs 56,656,100 (227 B/.) | 336 B/. | - 32% | |
| Microwave 800/900 Watt (Bosch, Panasonic, LG, Sharp, or equivalent brands) | Bs 21,986,200 (88 B/.) | 79 B/. | + 12% | |
| Laundry detergent (3 l. ~ 100 oz.) | Bs 1,692,890 (7 B/.) | 12 B/. | - 44% | |
| Hourly rate for cleaning help | Bs 6,210,000 (25 B/.) | 4.02 B/. | + 519% | |
| Clothes | - 33% | |||
| Clothes in Venezuela is 33% cheaper than in Panama | ||||
| 1 pair of jeans (Levis 501 or similar) | Bs 6,732,340 (27 B/.) | 56 B/. | - 52% | |
| 1 summer dress in a High Street Store (Zara, H&M or similar retailers) | Bs 6,556,310 (26 B/.) | 38 B/. | - 31% | |
| 1 pair of sport shoes (Nike, Adidas, or equivalent brands) | Bs 14,678,200 (59 B/.) | 78 B/. | - 25% | |
| 1 pair of men’s leather business shoes | Bs 18,913,000 (76 B/.) | 98 B/. | - 22% | |
| Transportation | - 54% | |||
| Transportation in Venezuela is 54% cheaper than in Panama | ||||
| Volkswagen Golf 1.4 TSI 150 CV (or equivalent), with no extras, new | Bs 2,958,490,000 (11,849 B/.) | 18,395 B/. | - 36% | |
| 1 liter (1/4 gallon) of gas | Bs 100,000 (0.40 B/.) | 0.78 B/. | - 49% | |
| Monthly ticket public transport | Bs 2,000,000 (8 B/.) | 33 B/. | - 76% | |
| Personal Care | - 36% | |||
| Personal Care in Venezuela is 36% cheaper than in Panama | ||||
| Cold medicine for 6 days (Tylenol, Frenadol, Coldrex, or equivalent brands) | Bs 783,758 (3.14 B/.) | 9 B/. | - 65% | |
| 1 box of antibiotics (12 doses) | Bs 3,507,630 (14 B/.) | 31 B/. | - 54% | |
| Short visit to private Doctor (15 minutes) | Bs 5,222,220 (21 B/.) | 44 B/. | - 53% | |
| 1 box of 32 tampons (Tampax, OB, ...) | Bs 978,594 (3.92 B/.) | 6 B/. | - 40% | |
| Deodorant, roll-on (50ml ~ 1.5 oz.) | Bs 415,924 (1.67 B/.) | 5.68 B/. | - 71% | |
| Hair shampoo 2-in-1 (400 ml ~ 12 oz.) | Bs 1,634,940 (7 B/.) | 5.15 B/. | + 27% | |
| 4 rolls of toilet paper | Bs 1,192,990 (4.78 B/.) | 3.51 B/. | + 36% | |
| Tube of toothpaste | Bs 210,071 (0.84 B/.) | 2.54 B/. | - 67% | |
| Standard men's haircut in expat area of the city | Bs 2,655,230 (11 B/.) | 12 B/. | - 11% | |
| Entertainment | - 35% | |||
| Entertainment in Venezuela is 35% cheaper than in Panama | ||||
| Basic dinner out for two in neighborhood pub | Bs 8,073,760 (32 B/.) | 43 B/. | - 25% | |
| 2 tickets to the movies | Bs 2,371,370 (9 B/.) | 11 B/. | - 14% | |
| 2 tickets to the theater (best available seats) | Bs 3,167,120 (13 B/.) | 86 B/. | - 85% | |
| Dinner for two at an Italian restaurant in the expat area including appetisers, main course, wine and dessert | Bs 10,211,900 (41 B/.) | 73 B/. | - 44% | |
| 1 cocktail drink in downtown club | Bs 732,051 (2.93 B/.) | 9 B/. | - 67% | |
| Cappuccino in expat area of the city | Bs 362,112 (1.45 B/.) | 4.43 B/. | - 67% | |
| 1 beer in neighbourhood pub (500ml or 1pt.) | Bs 488,101 (1.95 B/.) | 4.17 B/. | - 53% | |
| iPad Wi-Fi 128GB | Bs 77,438,400 (310 B/.) | 526 B/. | - 41% | |
| 1 min. of prepaid mobile tariff (no discounts or plans) | Bs 50,000 (0.20 B/.) | 0.15 B/. | + 34% | |
| 1 month of gym membership in business district | Bs 7,159,920 (29 B/.) | 61 B/. | - 53% | |
| 1 package of Marlboro cigarettes | Bs 1,372,140 (5.50 B/.) | 5.11 B/. | + 8% | |
| TOTAL | - 41% | |||
This comparison is lacking data. It provides a decent comparison, but it is not yet reliable. It is based on 3,912 prices entered by 328 different people.
These prices were last updated on September 13, 2018.
Exchange rate:
0.00000
PAB
/
VEF
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Cost of living in Venezuela is 41% cheaper than in Panama
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