Caracas vs Reykjavik - Cost of Living Comparison

Updated: October 14, 2025

	Caracas	Reykjavik
🚶 Cost of living one person	$1176	$3268
👨‍👩‍👧‍👦 Cost of living Family	$2856	$6787
🏠 One person rent	$445	$2025
🏘️ Family rent	$768	$3029
🍽️ Food expenses	$457	$894
🚐 Transport expenses	$167	$101
💳 Monthly salary after tax	$296	$4361
😷 Air quality	Excellent	Excellent
✈️ Airport proximity	10 km	4 km
🎓 Higher education	54	52
😀 Quality of life	52	91
🏙️ Population	2.25M	140K

The cost of living in Caracas is 64% less expensive than in Reykjavik. Cities ranked 4759th and 88th ($1176 vs $3268) 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 0.3 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 6470th and 191st among best cities to live in the world.

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Cost of living in Caracas vs Reykjavik infographic

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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	$12.3	$27.9
🥂 Dinner in a Restaurant, for 2	$56.1	$79.5
🥪 Fast food meal, equiv. McDonald's	$9.71	$20.5
🍻 Beer in a Pub, 0.5 L or 16 fl oz	$1.58	$13
☕ Cappuccino	$3.46	$6.12
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz	$1.33	$3.33
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2	$524	$2075
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2	$359	$1851
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2	$921	$3279
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2	$651	$2774
🔌 Utility Bill one person, electricity, heating, water, etc.	$19.3	$45.2
🔌 Utility Bill for a Family, electricity, heating, water, etc.	$29.6	$70.4
🌐 Internet plan, 50 Mbps+ 1 month unlimited	$33.9	$84
🏦 Mortgage Interest Rate for 20 Years	21.79%	9.56%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2	$1104	$8015
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2	$632	$6578
Transportation
🚌 Local transport ticket	$0.5	$5.36
🎟️ Monthly ticket local transport	$34.3	$88.4
🚕 Taxi Ride, 8 km or 5 mi	$25.1	$28.3
⛽ Gas / Petrol, 1 L or 0.26 gal	$0.51	$2.55
Groceries
🥛 Milk, 1 L or 1 qt	$2.14	$2.04
🍞 Bread, 0.5 kg or 1.1 lb	$2.04	$4.43
🍚 Rice, 1 kg or 2.2 lb	$1.4	$3.55
🥚 Eggs, x12	$3.41	$6.58
🧀 Cheese, 1 kg or 2.2 lb	$9.13	$19.1
🐔 Chicken Breast, 1 kg or 2.2 lb	$8.88	$25
🥩 Round Steak, 1 kg or 2.2 lb	$8.26	$41.5
🍏 Apples, 1 kg or 2.2 lb	$5.62	$3.59
🍌 Banana, 1 kg or 2.2 lb	$1.98	$2.58
🍊 Oranges, 1 kg or 2.2 lb	$2.57	$3.35
🍅 Tomato, 1 kg or 2.2 lb	$2.25	$5.57
🥔 Potato, 1 kg or 2.2 lb	$2.64	$3.7
🧅 Onion, 1 kg or 2.2 lb	$2.24	$2.56
🌊 Water, 1 L or 1 qt	$1.41	$1.27
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz	$1.94	$3.04
🍾 Wine (mid-priced), 750 mL bottle	$9.08	$25.5
🍺 Beer, 0.5 L or 16 fl oz	$1.43	$3.79
🚬 Cigarette pack	$4.49	$13.6
💊 Cold medicince, 1 week	$6.65	$12.9
🧴 Hair Shampoo	$5.97	$5.86
🧻 Toilet paper, 4 rolls	$3.57	$5.2
👄 Toothpaste, 1 tube	$3.31	$3.63
Other
🏋️ Gym Membership, 1 month	$78.9	$88.2
🎫 Cinema Ticket, 1 person	$5.48	$18
👩‍⚕️ Doctor's visit	$42.4	$92.8
💇 Haircut, simple	$15.8	$46
👖 Brand Jeans	$53.8	$144
👟 Brand Sneakers	$92	$194
👶 Daycare or Preschool, 1 month	$136	$352
🏫 International Primary School, 1 year	$4885	$30378

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	$989
12 km or 7.3 mi	Maiquetia	$969
16 km or 9.7 mi	Catia La Mar	$1015
21 km or 13 mi	Los Teques	$963
30 km or 18 mi	Charallave	$757
37 km or 23 mi	Cua	$712
40 km or 25 mi	Santa Lucia	$759
43 km or 27 mi	Santa Teresa del Tuy	$787
43 km or 27 mi	Guatire	$890
43 km or 27 mi	Guarenas	$894
46 km or 29 mi	Ocumare del Tuy	$596
53 km or 33 mi	La Victoria	$803
67 km or 41 mi	Turmero	$813
67 km or 41 mi	Cagua	$775
75 km or 47 mi	Santa Rita	$742
78 km or 48 mi	Maracay	$768
78 km or 49 mi	Palo Negro	$743
80 km or 50 mi	El Limon	$716
82 km or 51 mi	San Juan de los Morros	$768
93 km or 58 mi	Altagracia de Orituco	$811
108 km or 67 mi	Guacara	$791
115 km or 71 mi	Los Guayos	$719
119 km or 74 mi	Puerto Cabello	$779
122 km or 76 mi	Valencia	$739
135 km or 84 mi	Tocuyito	$714
163 km or 101 mi	Tinaquillo	$733
176 km or 109 mi	Valle de la Pascua	$774
184 km or 114 mi	Calabozo	$843
199 km or 124 mi	San Felipe	$730
204 km or 127 mi	San Carlos	$779
219 km or 136 mi	Zaraza	$803
235 km or 146 mi	Kralendijk	$2005
245 km or 152 mi	Yaritagua	$650
247 km or 154 mi	Lecheria	$760
249 km or 155 mi	Barcelona	$908
255 km or 159 mi	Puerto la Cruz	$696
260 km or 162 mi	Cabudare	$618
268 km or 167 mi	Barquisimeto	$627
270 km or 167 mi	Acarigua	$723
271 km or 168 mi	Araure	$719

Cities near Reykjavik

Distance	City	Cost of living
6.8 km or 4.2 mi	Kopavogur	$3175
9.8 km or 6.1 mi	Hafnarfjorur	$3148
38 km or 24 mi	Keflavik	$2596
247 km or 153 mi	Akureyri	$2990
795 km or 494 mi	Torshavn	$2077
1204 km or 748 mi	Inverness	$2021
1230 km or 764 mi	Elgin	$1507
1300 km or 808 mi	Derry	$1551
1309 km or 813 mi	Greenock	$1575
1321 km or 821 mi	Aberdeen	$1769
1325 km or 823 mi	Perth	$1641
1328 km or 825 mi	Stirling	$1711
1331 km or 827 mi	Paisley	$1837
1333 km or 828 mi	Alloa	$1762
1337 km or 831 mi	Glasgow	$2058
1339 km or 832 mi	Dundee	$1480
1340 km or 833 mi	Omagh	$1703
1341 km or 833 mi	Cumbernauld	$1619
1342 km or 834 mi	Irvine	$1630
1348 km or 838 mi	East Kilbride	$1840
1349 km or 838 mi	Kilmarnock	$1527
1351 km or 839 mi	Dunfermline	$1728
1353 km or 841 mi	Hamilton	$1797
1357 km or 843 mi	Ayr	$1522
1360 km or 845 mi	Kirkcaldy	$1768
1365 km or 848 mi	Livingston	$1775
1372 km or 852 mi	Edinburgh	$2310
1382 km or 859 mi	Newtownabbey	$1808
1387 km or 862 mi	Belfast	$1884
1390 km or 864 mi	Bangor	$1484
1391 km or 864 mi	Lisburn	$1879
1401 km or 871 mi	Alesund	$1797
1413 km or 878 mi	Galway	$2768
1425 km or 886 mi	Dundalk	$1955
1431 km or 889 mi	Dumfries	$1485
1433 km or 891 mi	Nuuk	$2217
1441 km or 895 mi	Molde	$1986
1454 km or 903 mi	Kristiansund	$1887
1455 km or 904 mi	Drogheda	$2902
1455 km or 904 mi	Bergen	$2242