- Cost of Living
- Venezuela
- Panama
- Comparison
Cost of living in Venezuela compared to Panama
Currency:
| Food | + 16% | |||
|---|---|---|---|---|
| Food in Venezuela is 16% more expensive than in Panama | ||||
| Basic lunchtime menu (including a drink) in the business district | Bs 468,135 (5.87 B/.) | 9 B/. | - 31% | |
| Combo meal in fast food restaurant (Big Mac Meal or similar) | Bs 463,051 (5.80 B/.) | 6 B/. | - 5% | |
| 500 gr (1 lb.) of boneless chicken breast | Bs 377,900 (4.74 B/.) | 2.42 B/. | + 96% | |
| 1 liter (1 qt.) of whole fat milk | Bs 163,069 (2.04 B/.) | 1.53 B/. | + 34% | |
| 12 eggs, large | Bs 273,088 (3.42 B/.) | 2.62 B/. | + 31% | |
| 1 kg (2 lb.) of tomatoes | Bs 178,256 (2.23 B/.) | 2.83 B/. | - 21% | |
| 500 gr (16 oz.) of local cheese | Bs 450,859 (5.65 B/.) | 7 B/. | - 18% | |
| 1 kg (2 lb.) of apples | Bs 568,359 (7 B/.) | 3.23 B/. | + 120% | |
| 1 kg (2 lb.) of potatoes | Bs 190,319 (2.38 B/.) | 1.45 B/. | + 64% | |
| 0.5 l (16 oz) domestic beer in the supermarket | Bs 122,179 (1.53 B/.) | 0.88 B/. | + 73% | |
| 1 bottle of red table wine, good quality | Bs 1,814,510 (23 B/.) | 10 B/. | + 132% | |
| 2 liters of Coca-Cola | Bs 227,124 (2.85 B/.) | 2.13 B/. | + 34% | |
| Bread for 2 people for 1 day | Bs 77,571 (0.97 B/.) | 1.52 B/. | - 36% | |
| Housing | + 53% | |||
| Housing in Venezuela is 53% more expensive than in Panama | ||||
| Monthly rent for 85 m2 (900 Sqft) furnished accommodation in EXPENSIVE area | Bs 93,826,700 (1,176 B/.) | 1,492 B/. | - 21% | |
| Monthly rent for 85 m2 (900 Sqft) furnished accommodation in NORMAL area | Bs 211,700,000 (2,653 B/.) | 926 B/. | + 186% | |
| Utilities 1 month (heating, electricity, gas ...) for 2 people in 85m2 flat | Bs 2,000,000 (25 B/.) | 164 B/. | - 85% | |
| Monthly rent for a 45 m2 (480 Sqft) furnished studio in EXPENSIVE area | Bs 211,782,000 (2,654 B/.) | 1,109 B/. | + 139% | |
| Monthly rent for a 45 m2 (480 Sqft) furnished studio in NORMAL area | Bs 180,100,000 (2,257 B/.) | 681 B/. | + 232% | |
| Utilities 1 month (heating, electricity, gas ...) for 1 person in 45 m2 (480 Sqft) studio | Bs 2,263,590 (28 B/.) | 123 B/. | - 77% | |
| Internet 8 Mbps (1 month) | Bs 772,202 (10 B/.) | 33 B/. | - 71% | |
| 40” flat screen TV | Bs 56,656,100 (710 B/.) | 329 B/. | + 115% | |
| Microwave 800/900 Watt (Bosch, Panasonic, LG, Sharp, or equivalent brands) | Bs 21,986,200 (276 B/.) | 78 B/. | + 251% | |
| Laundry detergent (3 l. ~ 100 oz.) | Bs 1,876,800 (24 B/.) | 13 B/. | + 81% | |
| Hourly rate for cleaning help | Bs 420,000 (5.26 B/.) | 4.02 B/. | + 31% | |
| Clothes | + 99% | |||
| Clothes in Venezuela is 99% more expensive than in Panama | ||||
| 1 pair of jeans (Levis 501 or similar) | Bs 6,473,010 (81 B/.) | 54 B/. | + 49% | |
| 1 summer dress in a High Street Store (Zara, H&M or similar retailers) | Bs 6,137,440 (77 B/.) | 36 B/. | + 114% | |
| 1 pair of sport shoes (Nike, Adidas, or equivalent brands) | Bs 14,594,400 (183 B/.) | 74 B/. | + 146% | |
| 1 pair of men’s leather business shoes | Bs 12,756,500 (160 B/.) | 100 B/. | + 60% | |
| Transportation | - 53% | |||
| Transportation in Venezuela is 53% cheaper than in Panama | ||||
| Volkswagen Golf 1.4 TSI 150 CV (or equivalent), with no extras, new | Bs 500,820,000 (6,276 B/.) | 18,091 B/. | - 65% | |
| 1 liter (1/4 gallon) of gas | Bs 60,000 (0.75 B/.) | 0.78 B/. | - 4% | |
| Monthly ticket public transport | Bs 797,116 (10 B/.) | 33 B/. | - 70% | |
| Personal Care | + 52% | |||
| Personal Care in Venezuela is 52% more expensive than in Panama | ||||
| Cold medicine for 6 days (Tylenol, Frenadol, Coldrex, or equivalent brands) | Bs 542,543 (7 B/.) | 7 B/. | - 7% | |
| 1 box of antibiotics (12 doses) | Bs 2,293,790 (29 B/.) | 10 B/. | + 187% | |
| Short visit to private Doctor (15 minutes) | Bs 2,868,600 (36 B/.) | 42 B/. | - 14% | |
| 1 box of 32 tampons (Tampax, OB, ...) | Bs 978,594 (12 B/.) | 7 B/. | + 72% | |
| Deodorant, roll-on (50ml ~ 1.5 oz.) | Bs 420,035 (5.26 B/.) | 5.81 B/. | - 9% | |
| Hair shampoo 2-in-1 (400 ml ~ 12 oz.) | Bs 725,714 (9 B/.) | 4.93 B/. | + 84% | |
| 4 rolls of toilet paper | Bs 799,871 (10 B/.) | 3.38 B/. | + 197% | |
| Tube of toothpaste | Bs 209,830 (2.63 B/.) | 2.42 B/. | + 8% | |
| Standard men's haircut in expat area of the city | Bs 286,572 (3.59 B/.) | 11 B/. | - 66% | |
| Entertainment | - 9% | |||
| Entertainment in Venezuela is 9% cheaper than in Panama | ||||
| Basic dinner out for two in neighborhood pub | Bs 1,351,710 (17 B/.) | 40 B/. | - 57% | |
| 2 tickets to the movies | Bs 469,090 (5.88 B/.) | 11 B/. | - 47% | |
| 2 tickets to the theater (best available seats) | Bs 2,497,640 (31 B/.) | 86 B/. | - 63% | |
| Dinner for two at an Italian restaurant in the expat area including appetisers, main course, wine and dessert | Bs 2,786,700 (35 B/.) | 69 B/. | - 49% | |
| 1 cocktail drink in downtown club | Bs 488,923 (6 B/.) | 9 B/. | - 29% | |
| Cappuccino in expat area of the city | Bs 290,108 (3.64 B/.) | 4.37 B/. | - 17% | |
| 1 beer in neighbourhood pub (500ml or 1pt.) | Bs 212,921 (2.67 B/.) | 3.81 B/. | - 30% | |
| iPad Wi-Fi 128GB | Bs 56,988,800 (714 B/.) | 630 B/. | + 13% | |
| 1 min. of prepaid mobile tariff (no discounts or plans) | Bs 50,000 (0.63 B/.) | 0.15 B/. | + 319% | |
| 1 month of gym membership in business district | Bs 1,344,110 (17 B/.) | 60 B/. | - 72% | |
| 1 package of Marlboro cigarettes | Bs 163,686 (2.05 B/.) | 5.04 B/. | - 59% | |
| TOTAL | + 17% | |||
This comparison is lacking data. It provides a decent comparison, but it is not yet reliable. It is based on 5,281 prices entered by 428 different people.
These prices were last updated on June 23, 2018.
Exchange rate:
0.00001
PAB
/
VEF
*
Cost of living in Venezuela is 17% more expensive than in Panama
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