Caracas vs Reykjavik - Cost of Living Comparison

Updated: March 02, 2025

	Caracas	Reykjavik
🚶 Cost of living one person	$1075	$2938
👨‍👩‍👧‍👦 Cost of living Family	$2746	$5875
🏠 One person rent	$384	$1801
🏘️ Family rent	$767	$2674
🍽️ Food expenses	$421	$827
🚐 Transport expenses	$154	$90.1
💳 Monthly salary after tax	$231	$3761
😷 Air quality	Excellent	Excellent
✈️ Airport proximity	10 km	4 km
🎓 Higher education	53	53
😀 Quality of life	46	89
🏙️ Population	2.25M	140K

The cost of living in Caracas is 63% less expensive than in Reykjavik. Cities ranked 4987th and 200th ($1075 vs $2938) in the list of the most expensive cities in the world and ranked 1st and 1st in Venezuela and Iceland, respectively. Check Venezuela vs Iceland comparison.

The average after-tax salary is enough to cover living expenses for 0.2 months in Caracas compared to 1.3 months in Reykjavik. Caracas ranked 1st best city to live in Venezuela vs Reykjavik ranked 1st in Iceland, while ranked 6530th and 194th among best cities to live in the world.

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Cost of living in Caracas vs Reykjavik infographic

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<img src="https://livingcost.org/assets/photo/cost/caracas/reykjavik.jpg" alt="Cost of living in Caracas vs Reykjavik infographic" style="max-width: 100%; height: auto;"><p>Source: <a href="https://livingcost.org/cost/caracas/reykjavik" target="_blank">Caracas vs Reykjavik - Cost of Living Comparison</a></p>

Prices in Caracas vs Reykjavik

Prices for goods and services in Caracas and Reykjavik are partly crowdsourced by our visitors, just like yourself. Please consider telling us about your city.

	Caracas	Reykjavik
Eating Out
🍱 Lunch Menu	$12.4	$21.5
🥂 Dinner in a Restaurant, for 2	$48.6	$137
🥪 Fast food meal, equiv. McDonald's	$9.29	$17.9
🍻 Beer in a Pub, 0.5 L or 16 fl oz	$1.54	$10.8
☕ Cappuccino	$3.39	$5.37
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz	$1.5	$3.09
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2	$427	$1839
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2	$310	$1650
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2	$849	$2869
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2	$670	$2456
🔌 Utility Bill one person, electricity, heating, water, etc.	$16.7	$42.1
🔌 Utility Bill for a Family, electricity, heating, water, etc.	$26	$64.6
🌐 Internet plan, 50 Mbps+ 1 month unlimited	$34.4	$71.4
🏦 Mortgage Interest Rate for 20 Years	21.79%	9.41%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2	$879	$6649
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2	$839	$5599
Transportation
🚌 Local transport ticket	$0.5	$4.52
🎟️ Monthly ticket local transport	$32.9	$75.8
🚕 Taxi Ride, 8 km or 5 mi	$22.7	$26.4
⛽ Gas / Petrol, 1 L or 0.26 gal	$0.5	$2.23
Groceries
🥛 Milk, 1 L or 1 qt	$2	$1.66
🍞 Bread, 0.5 kg or 1.1 lb	$2.01	$3.74
🍚 Rice, 1 kg or 2.2 lb	$1.36	$3.24
🥚 Eggs, x12	$3	$5.94
🧀 Cheese, 1 kg or 2.2 lb	$9.28	$15.8
🐔 Chicken Breast, 1 kg or 2.2 lb	$8.09	$20.9
🥩 Round Steak, 1 kg or 2.2 lb	$7.68	$37
🍏 Apples, 1 kg or 2.2 lb	$5.44	$2.94
🍌 Banana, 1 kg or 2.2 lb	$1.63	$2.25
🍊 Oranges, 1 kg or 2.2 lb	$2.1	$2.73
🍅 Tomato, 1 kg or 2.2 lb	$1.86	$4.73
🥔 Potato, 1 kg or 2.2 lb	$2.49	$3.26
🧅 Onion, 1 kg or 2.2 lb	$1.92	$2.11
🌊 Water, 1 L or 1 qt	$1.34	$1.36
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz	$2.38	$2.69
🍾 Wine (mid-priced), 750 mL bottle	$9.32	$21.6
🍺 Beer, 0.5 L or 16 fl oz	$1.49	$3.26
🚬 Cigarette pack	$3.46	$12.3
💊 Cold medicince, 1 week	$4.15	$10.4
🧴 Hair Shampoo	$5.57	$5.23
🧻 Toilet paper, 4 rolls	$3.08	$4.55
👄 Toothpaste, 1 tube	$2.91	$3.2
Other
🏋️ Gym Membership, 1 month	$84.2	$73.2
🎫 Cinema Ticket, 1 person	$5.84	$15.9
👩‍⚕️ Doctor's visit	$41.2	$82.2
💇 Haircut, simple	$17.4	$45.6
👖 Brand Jeans	$58.3	$128
👟 Brand Sneakers	$109	$162
👶 Daycare or Preschool, 1 month	$132	$279
🏫 International Primary School, 1 year	$5488	$2532

Cost of living in other countries

Cost of living

Cost of Living in the nearest cities

Cities near Caracas

Distance	City	Cost of living
11 km or 6.9 mi	La Guaira	$938
12 km or 7.3 mi	Maiquetia	$919
16 km or 9.7 mi	Catia La Mar	$974
21 km or 13 mi	Los Teques	$960
30 km or 18 mi	Charallave	$904
37 km or 23 mi	Cua	$910
40 km or 25 mi	Santa Lucia	$892
43 km or 27 mi	Santa Teresa del Tuy	$939
43 km or 27 mi	Guatire	$917
43 km or 27 mi	Guarenas	$918
46 km or 29 mi	Ocumare del Tuy	$901
53 km or 33 mi	La Victoria	$858
67 km or 41 mi	Turmero	$857
67 km or 41 mi	Cagua	$818
75 km or 47 mi	Santa Rita	$780
78 km or 48 mi	Maracay	$817
78 km or 49 mi	Palo Negro	$775
80 km or 50 mi	El Limon	$745
82 km or 51 mi	San Juan de los Morros	$807
93 km or 58 mi	Altagracia de Orituco	$847
108 km or 67 mi	Guacara	$795
115 km or 71 mi	Los Guayos	$728
119 km or 74 mi	Puerto Cabello	$781
122 km or 76 mi	Valencia	$769
135 km or 84 mi	Tocuyito	$724
163 km or 101 mi	Tinaquillo	$738
176 km or 109 mi	Valle de la Pascua	$782
184 km or 114 mi	Calabozo	$845
199 km or 124 mi	San Felipe	$739
204 km or 127 mi	San Carlos	$776
219 km or 136 mi	Zaraza	$804
235 km or 146 mi	Kralendijk	$1962
245 km or 152 mi	Yaritagua	$685
247 km or 154 mi	Lecheria	$837
249 km or 155 mi	Barcelona	$858
255 km or 159 mi	Puerto la Cruz	$791
260 km or 162 mi	Cabudare	$666
268 km or 167 mi	Barquisimeto	$722
270 km or 167 mi	Acarigua	$723
271 km or 168 mi	Araure	$723

Cities near Reykjavik

Distance	City	Cost of living
6.8 km or 4.2 mi	Kopavogur	$2802
9.8 km or 6.1 mi	Hafnarfjorur	$2817
38 km or 24 mi	Keflavik	$2355
247 km or 153 mi	Akureyri	$2678
795 km or 494 mi	Torshavn	$1828
1204 km or 748 mi	Inverness	$1722
1230 km or 764 mi	Elgin	$1393
1300 km or 808 mi	Derry	$1390
1309 km or 813 mi	Greenock	$1601
1321 km or 821 mi	Aberdeen	$1614
1325 km or 823 mi	Perth	$1500
1328 km or 825 mi	Stirling	$1604
1331 km or 827 mi	Paisley	$1765
1333 km or 828 mi	Alloa	$1649
1337 km or 831 mi	Glasgow	$2011
1339 km or 832 mi	Dundee	$1482
1340 km or 833 mi	Omagh	$1562
1341 km or 833 mi	Cumbernauld	$1475
1342 km or 834 mi	Irvine	$1551
1348 km or 838 mi	East Kilbride	$1763
1349 km or 838 mi	Kilmarnock	$1480
1351 km or 839 mi	Dunfermline	$1692
1353 km or 841 mi	Hamilton	$1699
1357 km or 843 mi	Ayr	$1404
1360 km or 845 mi	Kirkcaldy	$1610
1365 km or 848 mi	Livingston	$1608
1372 km or 852 mi	Edinburgh	$2140
1382 km or 859 mi	Newtownabbey	$1692
1387 km or 862 mi	Belfast	$1755
1390 km or 864 mi	Bangor	$1382
1391 km or 864 mi	Lisburn	$1713
1401 km or 871 mi	Alesund	$1603
1413 km or 878 mi	Galway	$2297
1425 km or 886 mi	Dundalk	$1767
1431 km or 889 mi	Dumfries	$1246
1433 km or 891 mi	Nuuk	$2031
1441 km or 895 mi	Molde	$1813
1454 km or 903 mi	Kristiansund	$1700
1455 km or 904 mi	Drogheda	$2628
1455 km or 904 mi	Bergen	$2006