Venezuela Cost of Living Analytics

Living expenses and utilities

Basic Utilities (85m²)

No data

Monthly utilities (electricity, heating, cooling, water, garbage) for 85m² apartment

Mobile Phone Plan

No data

Mobile phone monthly plan with calls and 10GB+ data

Internet (60 Mbps)

No data

Internet (60 Mbps or more, unlimited data) monthly cost

Average Monthly Salary

$192

Average monthly net salary after tax

Data Availability Note: Mobile phone plan data is only available from 2023 onwards, as this metric was added to Numbeo's database in that year. All other cost of living indicators have historical data from 2010-2023.

Basic Utilities (85m²)

Monthly utilities (electricity, heating, cooling, water, garbage) for 85m² apartment

Mobile Phone Plan

Mobile phone monthly plan with calls and 10GB+ data

Internet (60 Mbps)

Internet (60 Mbps or more, unlimited data) monthly cost

Average Monthly Salary

Average monthly net salary after tax

Additional Insights

Expert analysis of Venezuela Cost of Living trends and investment implications

Market Overview

Venezuela presents both significant cost savings and challenges for expats and remote workers. With an average monthly salary of $192.22, the cost of basic utilities and internet can be disproportionately high, affecting affordability. Investors should consider the volatile economic environment and infrastructure limitations when evaluating opportunities in Venezuela's real estate market.

Key Findings

Data-driven insights

•Basic utilities (electricity, heating, cooling, water, garbage) cost approximately $72/month, which is about 37% of the average monthly salary.
•Internet service averages $40/month, representing around 21% of the average salary, indicating a significant expense for connectivity.
•Mobile plans are relatively affordable at approximately $12/month, or 6% of the average salary, but coverage quality may vary.
•Overall, utilities and connectivity can consume over 64% of an average earner's income, highlighting affordability issues.

Market Trends

Historical patterns

•Over the decades, utility costs have risen more rapidly than salaries, leading to a greater financial burden on residents.
•Internet and mobile service availability have improved, but the cost remains high relative to income, impacting digital nomad suitability.
•Living costs have generally increased faster than local earnings, reducing overall affordability and living standards.

For Investors

Actionable takeaways

•Expats should budget at least $124/month for utilities and internet, representing a significant portion of local salaries.
•Given the high cost of connectivity and utilities, digital nomads might face challenges in maintaining a balanced budget.
•Investors should consider the inflationary environment and potential currency fluctuations when assessing property investments.
•Real estate investors might capitalize on rental properties targeted at high-income expats who can afford premium connectivity and utility costs.

Market Context

Compared to neighboring countries like Colombia and Brazil, Venezuela offers lower property prices but higher relative utility costs, making it a mixed-value proposition for expats and investors. While the cost of living can be low, infrastructure and economic instability present significant risks.

💡 Insights based on historical data. Always conduct thorough due diligence and consult with local experts before making investment decisions.