Cost of Living Comparison Between Nicosia and Caracas 

Indices DifferenceInfo
Consumer Prices in Caracas are 20.6% lower than in Nicosia (without rent)
Consumer Prices Including Rent in Caracas are 23.9% lower than in Nicosia
Rent Prices in Caracas are 34.8% lower than in Nicosia
Restaurant Prices in Caracas are 15.1% lower than in Nicosia
Groceries Prices in Caracas are 12.0% lower than in Nicosia
Local Purchasing Power in Caracas is 84.1% lower than in Nicosia
Currency: Sticky Currency      Switch to metric measurement units
Restaurants
Nicosia Edit Caracas Edit Difference
Meal, Inexpensive Restaurant 12.00 €
(12.93 $)
9.28 €
(10.00 $)
     -22.7 %
Meal for 2 People, Mid-range Restaurant, Three-course 60.00 €
(64.67 $)
55.66 €
(60.00 $)
     -7.2 %
McMeal at McDonalds (or Equivalent Combo Meal) 7.00 €
(7.55 $)
10.21 €
(11.00 $)
     +45.8 %
Domestic Beer (1 pint draught) 4.00 €
(4.31 $)
1.39 €
(1.50 $)
     -65.2 %
Imported Beer (12 oz small bottle) 5.00 €
(5.39 $)
2.78 €
(3.00 $)
     -44.3 %
Cappuccino (regular) 3.43 €
(3.70 $)
2.19 €
(2.36 $)
     -36.2 %
Coke/Pepsi (12 oz small bottle) 1.55 €
(1.68 $)
1.21 €
(1.30 $)
     -22.1 %
Water (12 oz small bottle) 0.82 €
(0.88 $)
0.90 €
(0.97 $)
     +10.1 %
Markets
Nicosia Edit Caracas Edit
Milk (regular), (1 gallon) 5.98 €
(6.44 $)
6.91 €
(7.44 $)
     +15.6 %
Loaf of Fresh White Bread (1 lb) 1.63 €
(1.76 $)
1.92 €
(2.07 $)
     +17.3 %
Rice (white), (1 lb) 0.95 €
(1.02 $)
0.54 €
(0.59 $)
     -42.5 %
Eggs (regular) (12) 3.12 €
(3.36 $)
2.33 €
(2.51 $)
     -25.4 %
Local Cheese (1 lb) 5.05 €
(5.45 $)
3.05 €
(3.29 $)
     -39.6 %
Chicken Fillets (1 lb) 3.58 €
(3.86 $)
2.63 €
(2.83 $)
     -26.6 %
Beef Round (1 lb) (or Equivalent Back Leg Red Meat) 4.65 €
(5.01 $)
3.08 €
(3.32 $)
     -33.7 %
Apples (1 lb) 1.20 €
(1.30 $)
1.99 €
(2.15 $)
     +65.3 %
Banana (1 lb) 0.82 €
(0.89 $)
0.58 €
(0.62 $)
     -29.6 %
Oranges (1 lb) 0.86 €
(0.93 $)
0.86 €
(0.93 $)
     +0.1 %
Tomato (1 lb) 1.13 €
(1.22 $)
0.73 €
(0.79 $)
     -35.4 %
Potato (1 lb) 0.60 €
(0.64 $)
0.80 €
(0.86 $)
     +33.0 %
Onion (1 lb) 0.50 €
(0.53 $)
0.78 €
(0.85 $)
     +58.3 %
Lettuce (1 head) 0.43 €
(0.46 $)
0.93 €
(1.00 $)
     +116.6 %
Water (1.5 liter bottle) 0.87 €
(0.93 $)
1.38 €
(1.49 $)
     +59.6 %
Bottle of Wine (Mid-Range) 7.50 €
(8.08 $)
8.35 €
(9.00 $)
     +11.3 %
Domestic Beer (0.5 liter bottle) 1.85 €
(1.99 $)
1.38 €
(1.49 $)
     -25.3 %
Imported Beer (12 oz small bottle) 3.30 €
(3.56 $)
1.73 €
(1.86 $)
     -47.7 %
Cigarettes 20 Pack (Marlboro) 5.00 €
(5.39 $)
3.02 €
(3.25 $)
     -39.7 %
Transportation
Nicosia Edit Caracas Edit
One-way Ticket (Local Transport) 2.40 €
(2.59 $)
0.46 €
(0.50 $)
     -80.7 %
Monthly Pass (Regular Price) 50.00 €
(53.89 $)
27.83 €
(30.00 $)
     -44.3 %
Taxi Start (Normal Tariff) 3.50 €
(3.77 $)
4.64 €
(5.00 $)
     +32.5 %
Taxi 1 mile (Normal Tariff) 1.61 €
(1.73 $)
2.99 €
(3.22 $)
     +85.5 %
Taxi 1hour Waiting (Normal Tariff) 50.00 €
(53.89 $)
9.28 €
(10.00 $)
     -81.4 %
Gasoline (1 gallon) 5.26 €
(5.67 $)
1.76 €
(1.89 $)
     -66.6 %
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) 24,950.00 €
(26,893.02 $)
31,079.62 €
(33,500.00 $)
     +24.6 %
Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) 26,683.33 €
(28,761.34 $)
36,800.75 €
(39,666.67 $)
     +37.9 %
Utilities (Monthly)
Nicosia Edit Caracas Edit
Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment 188.12 €
(202.77 $)
12.69 €
(13.68 $)
     -93.3 %
Mobile Phone Monthly Plan with Calls and 10GB+ Data 20.92 €
(22.55 $)
13.92 €
(15.00 $)
     -33.5 %
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) 27.25 €
(29.37 $)
39.22 €
(42.27 $)
     +43.9 %
Sports And Leisure
Nicosia Edit Caracas Edit
Fitness Club, Monthly Fee for 1 Adult 60.50 €
(65.21 $)
53.56 €
(57.73 $)
     -11.5 %
Tennis Court Rent (1 Hour on Weekend) 20.00 €
(21.56 $)
12.52 €
(13.50 $)
     -37.4 %
Cinema, International Release, 1 Seat 10.00 €
(10.78 $)
4.64 €
(5.00 $)
     -53.6 %
Childcare
Nicosia Edit Caracas Edit
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child 371.00 €
(399.89 $)
87.94 €
(94.79 $)
     -76.3 %
International Primary School, Yearly for 1 Child 6,736.38 €
(7,260.98 $)
4,378.98 €
(4,720.00 $)
     -35.0 %
Clothing And Shoes
Nicosia Edit Caracas Edit
1 Pair of Jeans (Levis 501 Or Similar) 72.78 €
(78.45 $)
46.00 €
(49.58 $)
     -36.8 %
1 Summer Dress in a Chain Store (Zara, H&M, ...) 29.25 €
(31.53 $)
38.73 €
(41.75 $)
     +32.4 %
1 Pair of Nike Running Shoes (Mid-Range) 76.67 €
(82.64 $)
87.75 €
(94.58 $)
     +14.5 %
1 Pair of Men Leather Business Shoes 89.17 €
(96.11 $)
66.15 €
(71.30 $)
     -25.8 %
Rent Per Month
Nicosia Edit Caracas Edit
Apartment (1 bedroom) in City Centre 634.13 €
(683.51 $)
347.91 €
(375.00 $)
     -45.1 %
Apartment (1 bedroom) Outside of Centre 522.14 €
(562.81 $)
343.27 €
(370.00 $)
     -34.3 %
Apartment (3 bedrooms) in City Centre 1,180.53 €
(1,272.46 $)
807.14 €
(870.00 $)
     -31.6 %
Apartment (3 bedrooms) Outside of Centre 951.67 €
(1,025.78 $)
645.21 €
(695.45 $)
     -32.2 %
Buy Apartment Price
Nicosia Edit Caracas Edit
Price per Square Feet to Buy Apartment in City Centre 178.84 €
(192.76 $)
72.36 €
(78.00 $)
     -59.5 %
Price per Square Feet to Buy Apartment Outside of Centre 163.51 €
(176.24 $)
105.89 €
(114.14 $)
     -35.2 %
Salaries And Financing
Nicosia Edit Caracas Edit
Average Monthly Net Salary (After Tax) 1,430.83 €
(1,542.26 $)
173.42 €
(186.92 $)
     -87.9 %
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 3.60 23.33      +548.1 %
Last update: May 2024April 2024
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