Published: Monday, 21th October 2024
The cost of living in Nigeria is 357.44 times more expensive as compared to Venezuela.
On this page, you will find side-by-side cost comparison between Nigeria and Venezuela. We have created 172 cost-of-living indicators. We average the prices of all those indicators and take a mathematically calculated approach to determine which country is more expensive to live in between Nigeria and Venezuela.
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 Indicators  | Nigeria  | Venezuela  |
|---|---|---|
1 BHK Apartment in City Center  | 500,000 NGN (650 USD) | 7,838.96 VES (2.35 USD) |
2 BHK Apartment in City Center  | 800,000 NGN (1,040 USD) | 13,670 VES (4.10 USD) |
3 BHK Apartment in City Center  | 1,200,000 NGN (1,560 USD) | 18,800 VES (5.64 USD) |
1 BHK Apartment outside City Center  | 300,000 NGN (390 USD) | 5,000 VES (1.50 USD) |
2 BHK Apartment outside City Center  | 500,000 NGN (650 USD) | 8,500 VES (2.55 USD) |
3 BHK Apartment outside City Center  | 800,000 NGN (1,040 USD) | 12,000 VES (3.60 USD) |
Mortgage Rates Per Month  | 1.8 % | 4 % |
Realtor Commission  | 5 % | 4 % |
Property Taxes  | 0.5 to 1.5 % | 0.1 to 0.5 % |
The average housing cost in Nigeria is 266.58 times more expensive than Venezuela.
Indicators | Nigeria | Venezuela |
|---|---|---|
Basic Home Furnishing  | 2,000,000 NGN (2,600 USD) | 2,000 VES (0.60 USD) |
Electricity Cost Per Month  | 20,000 NGN (26 USD) | 100 VES (0.03 USD) |
Heating Cost Per Month  | 15,000 NGN (19.50 USD) | 50 VES (0.01 USD) |
Cooling Cost Per Month  | 25,000 NGN (32.50 USD) | 40 VES (0.01 USD) |
Water Supply Cost Per Month  | 15,000 NGN (19.50 USD) | 30 VES (0.01 USD) |
If you lived in Nigeria, instead of Venezuela, you would have to pay 404930.03% more for Utilities.
The basic home furnishing in Nigeria costs 4333.33 times more compared to Venezuela.
Indicators | Nigeria | Venezuela |
|---|---|---|
Standard Wifi Cost Per Month  | 20,000 NGN (26 USD) | 80 VES (0.02 USD) |
Mobile Phone Basic Plan Cost Per Month  | 7,000 NGN (9.10 USD) | 50 VES (0.01 USD) |
Landline Basic Plan Cost Per Month  | 5,000 NGN (6.50 USD) | 30 VES (0.01 USD) |
Cable TV Basic Plan Cost Per Month  | 15,000 NGN (19.50 USD) | 90 VES (0.03 USD) |
The internet and communication costs 81366.67% more in Nigeria compared to Venezuela.
Indicators | Nigeria | Venezuela |
|---|---|---|
Long Grain Rice (1 KG)  | 800 NGN (1.04 USD) | 15 VES (0 USD) |
Milk (1 Liter)  | 400 NGN (0.52 USD) | 10 VES (0 USD) |
Water (1 Liter)  | 200 NGN (0.26 USD) | 5 VES (0 USD) |
Bread (500 gm)  | 300 NGN (0.39 USD) | 6 VES (0 USD) |
Eggs (1 Dozen)  | 700 NGN (0.91 USD) | 12 VES (0 USD) |
Cheese (1 KG)  | 1,500 NGN (1.95 USD) | 25 VES (0.01 USD) |
Chicken Breast (1 KG)  | 1,500 NGN (1.95 USD) | 20 VES (0.01 USD) |
In Nigeria, the cost of 1 Liter Water and 1 Liter Milk is 173.33 times more expensive than the cost in Venezuela.
If you lived in Nigeria, instead of Venezuela, you would have to pay 25061.29% more for Groceries.
Indicators | Nigeria | Venezuela |
|---|---|---|
Apples (1 KG)  | 1,000 NGN (1.30 USD) | 15 VES (0 USD) |
Bananas (1 KG)  | 600 NGN (0.78 USD) | 10 VES (0 USD) |
Oranges (1 KG)  | 800 NGN (1.04 USD) | 12 VES (0 USD) |
Tomatoes (1 KG)  | 600 NGN (0.78 USD) | 10 VES (0 USD) |
Potatoes (1 KG)  | 500 NGN (0.65 USD) | 8 VES (0 USD) |
Lemons (1 KG)  | 800 NGN (1.04 USD) | 15 VES (0 USD) |
Onions (1 KG)  | 600 NGN (0.78 USD) | 10 VES (0 USD) |
Lentils (1 KG)  | 1,000 NGN (1.30 USD) | 15 VES (0 USD) |
If you lived in Nigeria, instead of Venezuela, you would have to pay 269.12 times more for Fruits and Vegetables.
Indicators | Nigeria | Venezuela |
|---|---|---|
Meal at a Resonable Restaurant  | 2,000 NGN (2.60 USD) | 40 VES (0.01 USD) |
Three-Course Meal for Two  | 7,000 NGN (9.10 USD) | 100 VES (0.03 USD) |
Fast Food Combo Meal  | 1,000 NGN (1.30 USD) | 25 VES (0.01 USD) |
Normal Coffee  | 300 NGN (0.39 USD) | 10 VES (0 USD) |
Soft Drink  | 200 NGN (0.26 USD) | 7 VES (0 USD) |
Pizza for One  | 3,000 NGN (3.90 USD) | 60 VES (0.02 USD) |
Take-Out Delivery Meal  | 2,000 NGN (2.60 USD) | 50 VES (0.01 USD) |
Cigarette Pack of 20  | 1,500 NGN (1.95 USD) | 15 VES (0 USD) |
Dining-Out costs 23895.66% more in Nigeria compared to Venezuela.
Indicators | Nigeria | Venezuela |
|---|---|---|
Wine Mid-Range Bottle  | 3,000 NGN (3.90 USD) | 50 VES (0.01 USD) |
Glass of Wine  | 1,500 NGN (1.95 USD) | 20 VES (0.01 USD) |
Domestic Beer Half Liter  | 600 NGN (0.78 USD) | 12 VES (0 USD) |
Imported Beer Half Liter  | 1,200 NGN (1.56 USD) | 18 VES (0.01 USD) |
Domestic Alcohol 1 Liter  | 3,000 NGN (3.90 USD) | 30 VES (0.01 USD) |
Branded Alcohol 1 Liter  | 5,000 NGN (6.50 USD) | 50 VES (0.01 USD) |
If you lived in Nigeria, instead of Venezuela, you would have to pay 344.26 times more for usual hard drinks.
Indicators | Nigeria | Venezuela |
|---|---|---|
Monthly Public Transportation Pass  | 15,000 NGN (19.50 USD) | 50 VES (0.01 USD) |
Single Public Transportation Ticket  | 200 NGN (0.26 USD) | 5 VES (0 USD) |
Single Train Ticket  | Yet to Update () | Yet to Update () |
Domestic Airplane Ticket  | 50,000 NGN (65 USD) | 300 VES (0.09 USD) |
Taxi Start Fare  | 500 NGN (0.65 USD) | 20 VES (0.01 USD) |
Taxi Rate Per Kilometer  | 300 NGN (0.39 USD) | 10 VES (0 USD) |
Car Rental Per Day  | 15,000 NGN (19.50 USD) | 60 VES (0.02 USD) |
Parking Fees in City Center Per Hour  | 200 NGN (0.26 USD) | 20 VES (0.01 USD) |
Parking Fees outside City Center Per Hour  | 100 NGN (0.13 USD) | 10 VES (0 USD) |
If you lived in Nigeria, instead of Venezuela, you would have to pay 741.68 times more for transportation.
Indicators | Nigeria | Venezuela |
|---|---|---|
Reasonable Vehicle Purchase Cost  | 1,500,000 NGN (1,950 USD) | 30,000 VES (9 USD) |
Vehicle Registration Cost  | 50,000 NGN (65 USD) | 300 VES (0.09 USD) |
Driving License Fees  | 10,000 NGN (13 USD) | 50 VES (0.01 USD) |
Car Insurance Cost  | 30,000 NGN (39 USD) | 1,000 VES (0.30 USD) |
Car Maintenance Cost  | 15,000 NGN (19.50 USD) | 100 VES (0.03 USD) |
Car Loan Interest Rates  | 12 % | 7 % |
Fuel Per Liter  | 300 NGN (0.39 USD) | 10 VES (0 USD) |
Fuel Per Gallon  | 1,200 NGN (1.56 USD) | 40 VES (0.01 USD) |
Average Toll Fees  | Yet to Update | Yet to Update |
You would have to pay 221.00 times more for Vehicle purchase, daily operation and maintenance in Nigeria compared to that of Venezuela.
Indicators | Nigeria | Venezuela |
|---|---|---|
Doctor Visit  | 3,000 NGN (3.90 USD) | 60 VES (0.02 USD) |
Specialist Visit  | 7,000 NGN (9.10 USD) | 100 VES (0.03 USD) |
Dentist Visit  | 5,000 NGN (6.50 USD) | 50 VES (0.01 USD) |
Eye Exam  | 2,000 NGN (2.60 USD) | 40 VES (0.01 USD) |
Mental Health Counseling  | 5,000 NGN (6.50 USD) | 60 VES (0.02 USD) |
Preventive Health Screening  | 3,000 NGN (3.90 USD) | 30 VES (0.01 USD) |
Physical Therapy  | 3,000 NGN (3.90 USD) | 40 VES (0.01 USD) |
Emergency Room Visit  | 25,000 NGN (32.50 USD) | 300 VES (0.09 USD) |
Hospital Stay Per Night  | 15,000 NGN (19.50 USD) | 200 VES (0.06 USD) |
Vaccinations  | 2,000 NGN (2.60 USD) | 20 VES (0.01 USD) |
Prescription Medication  | 1,000 NGN (1.30 USD) | 30 VES (0.01 USD) |
Over the Counter Medication  | 500 NGN (0.65 USD) | 15 VES (0 USD) |
Health Insurance Premiums  | 25,000 NGN (32.50 USD) | 90 VES (0.03 USD) |
Health Insurance Deductibles  | 10,000 NGN (13 USD) | 60 VES (0.02 USD) |
If you lived in Nigeria, instead of Venezuela, you would have to pay 421.46 times more for Health and Medical Treatment.
Indicators | Nigeria | Venezuela |
|---|---|---|
Cosmetic Procedures  | 8,000 NGN (10.40 USD) | 300 VES (0.09 USD) |
Spa Treatment  | 5,000 NGN (6.50 USD) | 120 VES (0.04 USD) |
Manicure Pedicure Cost  | 2,000 NGN (2.60 USD) | 50 VES (0.01 USD) |
Optical Glasses Cost  | 5,000 NGN (6.50 USD) | 90 VES (0.03 USD) |
Contact Lenses Cost  | 3,000 NGN (3.90 USD) | 70 VES (0.02 USD) |
Haircuts  | 1,500 NGN (1.95 USD) | 30 VES (0.01 USD) |
Hair Coloring  | 3,000 NGN (3.90 USD) | 60 VES (0.02 USD) |
Shampoo Price  | 500 NGN (0.65 USD) | 10 VES (0 USD) |
Toothpaste Price  | 200 NGN (0.26 USD) | 5 VES (0 USD) |
If you lived in Nigeria, instead of Venezuela, you would have to pay 166.26 times more for Personal Care Items and Treatment.
Indicators | Nigeria | Venezuela |
|---|---|---|
Pair of Nike Running Shoes  | 40,000 NGN (52 USD) | 150 VES (0.04 USD) |
Men's Shirt  | 6,000 NGN (7.80 USD) | 50 VES (0.01 USD) |
Women's Dress  | 12,000 NGN (15.60 USD) | 90 VES (0.03 USD) |
Summer Dress  | 8,000 NGN (10.40 USD) | 70 VES (0.02 USD) |
Men's Suit  | 30,000 NGN (39 USD) | 500 VES (0.15 USD) |
Men's Jeans  | 10,000 NGN (13 USD) | 70 VES (0.02 USD) |
Women's Jeans  | 8,000 NGN (10.40 USD) | 70 VES (0.02 USD) |
Men's Formal Shoes  | 20,000 NGN (26 USD) | 120 VES (0.04 USD) |
Women's Formal Shoes  | 20,000 NGN (26 USD) | 120 VES (0.04 USD) |
Men's Casual Shoes  | 15,000 NGN (19.50 USD) | 80 VES (0.02 USD) |
Women's Casual Shoes  | 12,000 NGN (15.60 USD) | 80 VES (0.02 USD) |
Underwear For Men  | 1,000 NGN (1.30 USD) | 25 VES (0.01 USD) |
Underwear For Women  | 1,500 NGN (1.95 USD) | 25 VES (0.01 USD) |
Socks For Men  | 500 NGN (0.65 USD) | 12 VES (0 USD) |
Socks For Women  | 500 NGN (0.65 USD) | 12 VES (0 USD) |
Wintercoat for Adults  | 12,000 NGN (15.60 USD) | 150 VES (0.04 USD) |
Sportswear  | 8,000 NGN (10.40 USD) | 100 VES (0.03 USD) |
If you lived in Nigeria, instead of Venezuela, you would have to pay 514.02 times more for Clothing and Footwear for Adults.
Indicators | Nigeria | Venezuela |
|---|---|---|
Children's Jeans  | 4,000 NGN (5.20 USD) | 50 VES (0.01 USD) |
Children's Normal Sneakers  | 6,000 NGN (7.80 USD) | 60 VES (0.02 USD) |
Children's Winter Coat  | 8,000 NGN (10.40 USD) | 90 VES (0.03 USD) |
Daycare for Infant  | 25,000 NGN (32.50 USD) | 300 VES (0.09 USD) |
Daycare for Toddler  | 20,000 NGN (26 USD) | 250 VES (0.07 USD) |
Childcare for Sick Days  | 4,000 NGN (5.20 USD) | 150 VES (0.04 USD) |
Early Childhood Education Programs  | 20,000 NGN (26 USD) | 150 VES (0.04 USD) |
Extra Curricular Activities  | 6,000 NGN (7.80 USD) | 120 VES (0.04 USD) |
Summer Camp for Kids  | 20,000 NGN (26 USD) | 200 VES (0.06 USD) |
If you lived in Nigeria, instead of Venezuela, you would have to pay 357.42 times more for Childcare and kids clothing.
Indicators | Nigeria | Venezuela |
|---|---|---|
PreSchool Fees  | 40,000 NGN (52 USD) | 200 VES (0.06 USD) |
Primary School Fees  | 60,000 NGN (78 USD) | 500 VES (0.15 USD) |
Secondary School Fees  | 70,000 NGN (91 USD) | 600 VES (0.18 USD) |
Private School Fees  | 90,000 NGN (117 USD) | 1,000 VES (0.30 USD) |
University Tuition Fees  | 120,000 NGN (156 USD) | 2,000 VES (0.60 USD) |
University Private Tuition Fees  | 180,000 NGN (234 USD) | 3,000 VES (0.90 USD) |
After School Activities  | 5,000 NGN (6.50 USD) | 100 VES (0.03 USD) |
Special Education Services  | 30,000 NGN (39 USD) | 150 VES (0.04 USD) |
Tutoring  | 3,000 NGN (3.90 USD) | 80 VES (0.02 USD) |
Textbooks Cost  | 5,000 NGN (6.50 USD) | 100 VES (0.03 USD) |
School Supplies  | 2,000 NGN (2.60 USD) | 50 VES (0.01 USD) |
If you lived in Nigeria, instead of Venezuela, you would have to pay 336.98 times more for school and education.
Indicators | Nigeria | Venezuela |
|---|---|---|
Movie Ticket (Single)  | 1,500 NGN (1.95 USD) | 20 VES (0.01 USD) |
Theater Ticket (Single)  | 2,000 NGN (2.60 USD) | 40 VES (0.01 USD) |
Concert Ticket (Single)  | 3,000 NGN (3.90 USD) | 50 VES (0.01 USD) |
Sports Event Ticket (Single)  | 2,500 NGN (3.25 USD) | 45 VES (0.01 USD) |
Gym Membership  | 5,000 NGN (6.50 USD) | 70 VES (0.02 USD) |
Swimming Pool Access  | 3,000 NGN (3.90 USD) | 60 VES (0.02 USD) |
Museum Entry Ticket  | 1,000 NGN (1.30 USD) | 25 VES (0.01 USD) |
Zoo Entry Ticket  | 1,500 NGN (1.95 USD) | 30 VES (0.01 USD) |
Amusement Park Entry Ticket  | 2,000 NGN (2.60 USD) | 50 VES (0.01 USD) |
Bowling  | 1,500 NGN (1.95 USD) | 30 VES (0.01 USD) |
Mini Golf  | 1,500 NGN (1.95 USD) | 25 VES (0.01 USD) |
Video Games  | 6,000 NGN (7.80 USD) | 60 VES (0.02 USD) |
Streaming Services  | 2,000 NGN (2.60 USD) | 30 VES (0.01 USD) |
Outdoor Equipment Rental  | 1,500 NGN (1.95 USD) | 50 VES (0.01 USD) |
Theme Park Annual Pass  | 50,000 NGN (65 USD) | 250 VES (0.07 USD) |
If you lived in Nigeria, instead of Venezuela, you would have to pay 435.93 times more for entertainment, recreation and fun activities.
Indicators | Nigeria | Venezuela |
|---|---|---|
Language Classes  | 25,000 NGN (32.50 USD) | 80 VES (0.02 USD) |
Parenting Classes  | 15,000 NGN (19.50 USD) | 80 VES (0.02 USD) |
Art Classes  | 3,000 NGN (3.90 USD) | 60 VES (0.02 USD) |
Fitness Classes  | 2,000 NGN (2.60 USD) | 35 VES (0.01 USD) |
Music Lessons  | 4,000 NGN (5.20 USD) | 50 VES (0.01 USD) |
Dance Lessons  | 4,000 NGN (5.20 USD) | 45 VES (0.01 USD) |
Reading Materials for Classes  | 1,000 NGN (1.30 USD) | 35 VES (0.01 USD) |
Educational Software  | 15,000 NGN (19.50 USD) | 60 VES (0.02 USD) |
If you lived in Nigeria, instead of Venezuela, you would have to pay 671.91 times more for Private Classes.
Indicators | Nigeria | Venezuela |
|---|---|---|
Average Gross Monthly Salary  | 200,000 NGN (260 USD) | 5,000 VES (1.50 USD) |
Average Net Monthly Salary  | 120,000 NGN (156 USD) | 3,500 VES (1.05 USD) |
Minimum Wages  | 1,000 NGN per hour (1.30 USD) | 66.67 VES per hour (0.02 USD) |
Average Bonus  | 20,000 NGN (26 USD) | 500 VES (0.15 USD) |
Income Tax Rate  | 0 to 7.5 % | 0 to 16 % |
Social Security Contributions  | 7 % | 7 % |
Pension Contributions  | 8 % | 7 % |
Cost of Living Index  | 40 | 35 |
Median Household Income  | 1,200,000 NGN (1,560 USD) | 4,000 VES (1.20 USD) |
If you lived in Nigeria, you would earn 511.05 times more salary as compared to Venezuela.
Indicators | Nigeria | Venezuela |
|---|---|---|
Legal Consultation Per Hour Rate  | 5,000 NGN (6.50 USD) | 150 VES (0.04 USD) |
Accounting Services Per Hour Rate  | 7,000 NGN (9.10 USD) | 120 VES (0.04 USD) |
IT Support Services Per Hour Rate  | 7,000 NGN (9.10 USD) | 100 VES (0.03 USD) |
Technician Services Per Hour Rate  | 6,000 NGN (7.80 USD) | 80 VES (0.02 USD) |
Professional Services cost 240.74 times more in Nigeria, as compared to Venezuela.
We hope you enjoyed the detailed guide on the cost of living comparsion between Nigeria and Venezuela.
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