Nigeria vs Venezuela - Cost of Living Comparison

Updated:

Livingcost

Nigeria Venezuela
🚶 Cost of living one person
$879
$805
👨‍👩‍👧‍👦 Cost of living Family
$1884
$2050
🏠 One person rent
$499
$217
🏘️ Family rent
$813
$357
🍽️ Food expenses
$227
$399
🚐 Transport expenses
$108
$102
💳 Monthly salary after tax
$85
$376
💸 GDP per capita
$807
$15944
😃 Human freedom index
5.61
4.18
❤️ Life expectancy
54.5
72.5
👮 Corruption perceptions index
26
10
🌐 English speaking %
60.6%
1%
🎓 Higher education
61
65
😀 Quality of life
13
29
🏙️ Population
233M
28.4M

The average cost of living in Nigeria ($879) is 9% more expensive than in Venezuela ($805). Nigeria ranked 114th vs 127th for Venezuela in the list of the most expensive countries in the world.

The average after-tax salary is enough to cover living expenses for 0.1 months in Nigeria compared to 0.5 months in Venezuela. Ranked 188th and 156th best countries to live in the world.

Salary adjustment calculator
the estimated difference in money purchasing power

Cost of living in Nigeria vs Venezuela infographic

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Prices in Nigeria vs Venezuela

We calculate prices for Nigeria and Venezuela as a population-weighted mean of 33 and 77 cities, respectively. Since large cities tend to have a higher cost of living, it's better to visit specific city pages below for more relevant information.

Nigeria Venezuela
Eating Out
🍱 Lunch Menu
$2.69
$10.4
🥂 Dinner in a Restaurant, for 2
$33.1
$43.4
🥪 Fast food meal, equiv. McDonald's
$4.5
$9.82
🍻 Beer in a Pub, 0.5 L or 16 fl oz
$0.98
$1.48
 Cappuccino
$2.26
$2.55
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz
$0.44
$1.22
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2
$576
$228
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2
$418
$152
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2
$1753
$496
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2
$1082
$377
🔌 Utility Bill one person, electricity, heating, water, etc.
$22.4
$15.4
🔌 Utility Bill for a Family, electricity, heating, water, etc.
$34.3
$23.7
🌐 Internet plan, 50 Mbps+ 1 month unlimited
$26.6
$34.4
🏦 Mortgage Interest Rate for 20 Years
19.64%
21.38%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2
$1323
$653
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2
$1239
$425
Transportation
🚌 Local transport ticket
$0.59
$0.44
🎟️ Monthly ticket local transport
$27.4
$32.1
🚕 Taxi Ride, 8 km or 5 mi
$12.8
$25.3
 Gas / Petrol, 1 L or 0.26 gal
$0.6
$0.55
Groceries
🥛 Milk, 1 L or 1 qt
$2.17
$2
🍞 Bread, 0.5 kg or 1.1 lb
$1.16
$1.93
🍚 Rice, 1 kg or 2.2 lb
$1.84
$1.33
🥚 Eggs, x12
$1.78
$2.85
🧀 Cheese, 1 kg or 2.2 lb
$5.03
$6.36
🐔 Chicken Breast, 1 kg or 2.2 lb
$3.96
$7.11
🥩 Round Steak, 1 kg or 2.2 lb
$4.78
$7.57
🍏 Apples, 1 kg or 2.2 lb
$2.84
$5.35
🍌 Banana, 1 kg or 2.2 lb
$2.06
$1.59
🍊 Oranges, 1 kg or 2.2 lb
$1.82
$1.92
🍅 Tomato, 1 kg or 2.2 lb
$1.77
$1.89
🥔 Potato, 1 kg or 2.2 lb
$1.79
$2.18
🧅 Onion, 1 kg or 2.2 lb
$2
$2.01
🌊 Water, 1 L or 1 qt
$0.39
$1.24
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz
$0.71
$2.2
🍾 Wine (mid-priced), 750 mL bottle
$3.74
$9.46
🍺 Beer, 0.5 L or 16 fl oz
$0.76
$1.43
🚬 Cigarette pack
$1.39
$3.89
💊 Cold medicince, 1 week
$1.92
$6.81
🧴 Hair Shampoo
$1.26
$5.58
🧻 Toilet paper, 4 rolls
$0.81
$3.1
👄 Toothpaste, 1 tube
$0.75
$2.57
Other
🏋️ Gym Membership, 1 month
$28.5
$38
🎫 Cinema Ticket, 1 person
$5.12
$5.24
👩‍⚕️ Doctor's visit
$9.39
$39.8
💇 Haircut, simple
$1.66
$10.9
👖 Brand Jeans
$18.5
$43.9
👟 Brand Sneakers
$59.3
$79
👶 Daycare or Preschool, 1 month
$85.4
$98.1
🏫 International Primary School, 1 year
$1849
$4781

Cost of living in other countries

Cost of living

Cities Comparison in Nigeria vs Venezuela

More countries to compare

Cost of Living in Popular cities

In Nigeria

City Cost of living Population
Lagos
$1102
15.1M
Kano
$563
4.35M
Ibadan
$752
2.55M
Port Harcourt
$676
3.33M
Abuja
$1514
1.69M
Benin
$632
1.78M
Onitsha
$1051
1.48M
Akure
$644
848K
Enugu
$563
1.03M
Ilorin
$526
848K
Kaduna
$393
760K
Aba
$674
1.16M
Maiduguri
$618
1.2M
Bauchi
$781
694K
Owerri
$1774
908K
Ado Ekiti
$642
447K
Abeokuta
$1013
889K
Oyo
$664
387K
Zaria
$652
408K
Jos
$810
623K
Gusau
$638
383K
Minna
$852
322K
Warri
$926
363K
Katsina
$618
318K
Ife
$778
502K
Sokoto
$466
428K
Owo
$664
222K
Osogbo
$705
202K
Umuahia
$961
359K
Calabar
$397
371K

In Venezuela

City Cost of living Population
Caracas
$1176
2.25M
Maracaibo
$714
1.55M
Valencia
$739
1.48M
Ciudad Bolivar
$868
568K
Santa Teresa del Tuy
$787
525K
Barquisimeto
$627
1.06M
Barinas
$817
874K
Maracay
$768
1.1M
Cabimas
$701
352K
Ciudad Guayana
$889
751K
Maturin
$838
753K
San Cristobal
$684
286K
Turmero
$813
255K
Valera
$722
250K
Barcelona
$908
550K
San Felipe
$730
221K
Catia La Mar
$1015
662K
Puerto Cabello
$779
209K
Guacara
$791
200K
Carupano
$697
174K
Cumana
$688
375K
Palo Negro
$743
154K
Ocumare del Tuy
$596
150K
Puerto Ayacucho
$768
130K
Ciudad Ojeda
$674
122K
La Asuncion
$638
118K
Carora
$677
113K
Los Teques
$963
333K
Coro
$576
266K
Socopo
$692
111K