Published: Monday, 21th October 2024
The cost of living in Venezuela is 1571.17 times less expensive as compared to Iceland.
On this page, you will find side-by-side cost comparison between Venezuela and Iceland. 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 Venezuela and Iceland.
We always try to give you the latest data, but sometimes mistakes might occur. If you think some content on our site is not updated, please let us know by emailing us at: info.comparedoo@gmail.com
![]() Indicators ![]() | ![]() Venezuela ![]() | ![]() Iceland ![]() |
---|---|---|
1 BHK Apartment in City Center ![]() | 7,838.96 VES (2.35 USD) | 200,000 ISK (1,420 USD) |
2 BHK Apartment in City Center ![]() | 13,670 VES (4.10 USD) | 300,000 ISK (2,130 USD) |
3 BHK Apartment in City Center ![]() | 18,800 VES (5.64 USD) | 400,000 ISK (2,840 USD) |
1 BHK Apartment outside City Center ![]() | 5,000 VES (1.50 USD) | 150,000 ISK (1,065 USD) |
2 BHK Apartment outside City Center ![]() | 8,500 VES (2.55 USD) | 200,000 ISK (1,420 USD) |
3 BHK Apartment outside City Center ![]() | 12,000 VES (3.60 USD) | 300,000 ISK (2,130 USD) |
Mortgage Rates Per Month ![]() | 4 % | 4 % |
Realtor Commission ![]() | 4 % | 2 % |
Property Taxes ![]() | 0.1 to 0.5 % | 0.2 to 1.65 % |
The average housing cost in Venezuela is 551.29 times less expensive than Iceland.
![]() Indicators ![]() | ![]() Venezuela ![]() | ![]() Iceland ![]() |
---|---|---|
Basic Home Furnishing ![]() | 2,000 VES (0.60 USD) | 300,000 ISK (2,130 USD) |
Electricity Cost Per Month ![]() | 100 VES (0.03 USD) | 20,000 ISK (142 USD) |
Heating Cost Per Month ![]() | 50 VES (0.01 USD) | 25,000 ISK (177.50 USD) |
Cooling Cost Per Month ![]() | 40 VES (0.01 USD) | 10,000 ISK (71 USD) |
Water Supply Cost Per Month ![]() | 30 VES (0.01 USD) | 5,000 ISK (35.50 USD) |
If you lived in Venezuela, instead of Iceland, you would have to pay 99.97% less for Utilities.
The basic home furnishing in Venezuela costs 3550.00 times less compared to Iceland.
![]() Indicators ![]() | ![]() Venezuela ![]() | ![]() Iceland ![]() |
---|---|---|
Standard Wifi Cost Per Month ![]() | 80 VES (0.02 USD) | 10,000 ISK (71 USD) |
Mobile Phone Basic Plan Cost Per Month ![]() | 50 VES (0.01 USD) | 5,000 ISK (35.50 USD) |
Landline Basic Plan Cost Per Month ![]() | 30 VES (0.01 USD) | 3,000 ISK (21.30 USD) |
Cable TV Basic Plan Cost Per Month ![]() | 90 VES (0.03 USD) | 8,000 ISK (56.80 USD) |
The internet and communication costs 99.96% less in Venezuela compared to Iceland.
![]() Indicators ![]() | ![]() Venezuela ![]() | ![]() Iceland ![]() |
---|---|---|
Long Grain Rice (1 KG) ![]() | 15 VES (0 USD) | 500 ISK (3.55 USD) |
Milk (1 Liter) ![]() | 10 VES (0 USD) | 250 ISK (1.78 USD) |
Water (1 Liter) ![]() | 5 VES (0 USD) | 50 ISK (0.36 USD) |
Bread (500 gm) ![]() | 6 VES (0 USD) | 150 ISK (1.07 USD) |
Eggs (1 Dozen) ![]() | 12 VES (0 USD) | 500 ISK (3.55 USD) |
Cheese (1 KG) ![]() | 25 VES (0.01 USD) | 1,200 ISK (8.52 USD) |
Chicken Breast (1 KG) ![]() | 20 VES (0.01 USD) | 1,000 ISK (7.10 USD) |
In Venezuela, the cost of 1 Liter Water and 1 Liter Milk is 473.33 times less expensive than the cost in Iceland.
If you lived in Venezuela, instead of Iceland, you would have to pay 99.89% less for Groceries.
![]() Indicators ![]() | ![]() Venezuela ![]() | ![]() Iceland ![]() |
---|---|---|
Apples (1 KG) ![]() | 15 VES (0 USD) | 800 ISK (5.68 USD) |
Bananas (1 KG) ![]() | 10 VES (0 USD) | 600 ISK (4.26 USD) |
Oranges (1 KG) ![]() | 12 VES (0 USD) | 700 ISK (4.97 USD) |
Tomatoes (1 KG) ![]() | 10 VES (0 USD) | 500 ISK (3.55 USD) |
Potatoes (1 KG) ![]() | 8 VES (0 USD) | 400 ISK (2.84 USD) |
Lemons (1 KG) ![]() | 15 VES (0 USD) | 700 ISK (4.97 USD) |
Onions (1 KG) ![]() | 10 VES (0 USD) | 600 ISK (4.26 USD) |
Lentils (1 KG) ![]() | 15 VES (0 USD) | 600 ISK (4.26 USD) |
If you lived in Venezuela, instead of Iceland, you would have to pay 1220.70 times less for Fruits and Vegetables.
![]() Indicators ![]() | ![]() Venezuela ![]() | ![]() Iceland ![]() |
---|---|---|
Meal at a Resonable Restaurant ![]() | 40 VES (0.01 USD) | 3,500 ISK (24.85 USD) |
Three-Course Meal for Two ![]() | 100 VES (0.03 USD) | 8,000 ISK (56.80 USD) |
Fast Food Combo Meal ![]() | 25 VES (0.01 USD) | 1,500 ISK (10.65 USD) |
Normal Coffee ![]() | 10 VES (0 USD) | 500 ISK (3.55 USD) |
Soft Drink ![]() | 7 VES (0 USD) | 300 ISK (2.13 USD) |
Pizza for One ![]() | 60 VES (0.02 USD) | 2,500 ISK (17.75 USD) |
Take-Out Delivery Meal ![]() | 50 VES (0.01 USD) | 3,000 ISK (21.30 USD) |
Cigarette Pack of 20 ![]() | 15 VES (0 USD) | 1,500 ISK (10.65 USD) |
Dining-Out costs 99.94% less in Venezuela compared to Iceland.
![]() Indicators ![]() | ![]() Venezuela ![]() | ![]() Iceland ![]() |
---|---|---|
Wine Mid-Range Bottle ![]() | 50 VES (0.01 USD) | 2,000 ISK (14.20 USD) |
Glass of Wine ![]() | 20 VES (0.01 USD) | 1,200 ISK (8.52 USD) |
Domestic Beer Half Liter ![]() | 12 VES (0 USD) | 600 ISK (4.26 USD) |
Imported Beer Half Liter ![]() | 18 VES (0.01 USD) | 800 ISK (5.68 USD) |
Domestic Alcohol 1 Liter ![]() | 30 VES (0.01 USD) | 3,000 ISK (21.30 USD) |
Branded Alcohol 1 Liter ![]() | 50 VES (0.01 USD) | 4,000 ISK (28.40 USD) |
If you lived in Venezuela, instead of Iceland, you would have to pay 1525.19 times less for usual hard drinks.
![]() Indicators ![]() | ![]() Venezuela ![]() | ![]() Iceland ![]() |
---|---|---|
Monthly Public Transportation Pass ![]() | 50 VES (0.01 USD) | 15,000 ISK (106.50 USD) |
Single Public Transportation Ticket ![]() | 5 VES (0 USD) | 400 ISK (2.84 USD) |
Single Train Ticket ![]() | Yet to Update () | Yet to Update () |
Domestic Airplane Ticket ![]() | 300 VES (0.09 USD) | 30,000 ISK (213 USD) |
Taxi Start Fare ![]() | 20 VES (0.01 USD) | 800 ISK (5.68 USD) |
Taxi Rate Per Kilometer ![]() | 10 VES (0 USD) | 200 ISK (1.42 USD) |
Car Rental Per Day ![]() | 60 VES (0.02 USD) | 10,000 ISK (71 USD) |
Parking Fees in City Center Per Hour ![]() | 20 VES (0.01 USD) | 500 ISK (3.55 USD) |
Parking Fees outside City Center Per Hour ![]() | 10 VES (0 USD) | 300 ISK (2.13 USD) |
If you lived in Venezuela, instead of Iceland, you would have to pay 2849.96 times less for transportation.
![]() Indicators ![]() | ![]() Venezuela ![]() | ![]() Iceland ![]() |
---|---|---|
Reasonable Vehicle Purchase Cost ![]() | 30,000 VES (9 USD) | 4,000,000 ISK (28,400 USD) |
Vehicle Registration Cost ![]() | 300 VES (0.09 USD) | 15,000 ISK (106.50 USD) |
Driving License Fees ![]() | 50 VES (0.01 USD) | 5,000 ISK (35.50 USD) |
Car Insurance Cost ![]() | 1,000 VES (0.30 USD) | 40,000 ISK (284 USD) |
Car Maintenance Cost ![]() | 100 VES (0.03 USD) | 15,000 ISK (106.50 USD) |
Car Loan Interest Rates ![]() | 7 % | 5 % |
Fuel Per Liter ![]() | 10 VES (0 USD) | 250 ISK (1.78 USD) |
Fuel Per Gallon ![]() | 40 VES (0.01 USD) | 1,200 ISK (8.52 USD) |
Average Toll Fees ![]() | Yet to Update | 1,000 ISK 7.10 USD |
You would have to pay 3063.48 times less for Vehicle purchase, daily operation and maintenance in Venezuela compared to that of Iceland.
![]() Indicators ![]() | ![]() Venezuela ![]() | ![]() Iceland ![]() |
---|---|---|
Doctor Visit ![]() | 60 VES (0.02 USD) | 5,000 ISK (35.50 USD) |
Specialist Visit ![]() | 100 VES (0.03 USD) | 10,000 ISK (71 USD) |
Dentist Visit ![]() | 50 VES (0.01 USD) | 8,000 ISK (56.80 USD) |
Eye Exam ![]() | 40 VES (0.01 USD) | 3,000 ISK (21.30 USD) |
Mental Health Counseling ![]() | 60 VES (0.02 USD) | 8,000 ISK (56.80 USD) |
Preventive Health Screening ![]() | 30 VES (0.01 USD) | 4,000 ISK (28.40 USD) |
Physical Therapy ![]() | 40 VES (0.01 USD) | 6,000 ISK (42.60 USD) |
Emergency Room Visit ![]() | 300 VES (0.09 USD) | 15,000 ISK (106.50 USD) |
Hospital Stay Per Night ![]() | 200 VES (0.06 USD) | 25,000 ISK (177.50 USD) |
Vaccinations ![]() | 20 VES (0.01 USD) | 2,500 ISK (17.75 USD) |
Prescription Medication ![]() | 30 VES (0.01 USD) | 1,500 ISK (10.65 USD) |
Over the Counter Medication ![]() | 15 VES (0 USD) | 800 ISK (5.68 USD) |
Health Insurance Premiums ![]() | 90 VES (0.03 USD) | 20,000 ISK (142 USD) |
Health Insurance Deductibles ![]() | 60 VES (0.02 USD) | 5,000 ISK (35.50 USD) |
If you lived in Venezuela, instead of Iceland, you would have to pay 2459.60 times less for Health and Medical Treatment.
![]() Indicators ![]() | ![]() Venezuela ![]() | ![]() Iceland ![]() |
---|---|---|
Cosmetic Procedures ![]() | 300 VES (0.09 USD) | 30,000 ISK (213 USD) |
Spa Treatment ![]() | 120 VES (0.04 USD) | 10,000 ISK (71 USD) |
Manicure Pedicure Cost ![]() | 50 VES (0.01 USD) | 3,000 ISK (21.30 USD) |
Optical Glasses Cost ![]() | 90 VES (0.03 USD) | 10,000 ISK (71 USD) |
Contact Lenses Cost ![]() | 70 VES (0.02 USD) | 5,000 ISK (35.50 USD) |
Haircuts ![]() | 30 VES (0.01 USD) | 2,000 ISK (14.20 USD) |
Hair Coloring ![]() | 60 VES (0.02 USD) | 6,000 ISK (42.60 USD) |
Shampoo Price ![]() | 10 VES (0 USD) | 500 ISK (3.55 USD) |
Toothpaste Price ![]() | 5 VES (0 USD) | 200 ISK (1.42 USD) |
If you lived in Venezuela, instead of Iceland, you would have to pay 2147.71 times less for Personal Care Items and Treatment.
![]() Indicators ![]() | ![]() Venezuela ![]() | ![]() Iceland ![]() |
---|---|---|
Pair of Nike Running Shoes ![]() | 150 VES (0.04 USD) | 15,000 ISK (106.50 USD) |
Men's Shirt ![]() | 50 VES (0.01 USD) | 5,000 ISK (35.50 USD) |
Women's Dress ![]() | 90 VES (0.03 USD) | 10,000 ISK (71 USD) |
Summer Dress ![]() | 70 VES (0.02 USD) | 5,000 ISK (35.50 USD) |
Men's Suit ![]() | 500 VES (0.15 USD) | 40,000 ISK (284 USD) |
Men's Jeans ![]() | 70 VES (0.02 USD) | 7,000 ISK (49.70 USD) |
Women's Jeans ![]() | 70 VES (0.02 USD) | 6,000 ISK (42.60 USD) |
Men's Formal Shoes ![]() | 120 VES (0.04 USD) | 7,000 ISK (49.70 USD) |
Women's Formal Shoes ![]() | 120 VES (0.04 USD) | 7,000 ISK (49.70 USD) |
Men's Casual Shoes ![]() | 80 VES (0.02 USD) | 5,000 ISK (35.50 USD) |
Women's Casual Shoes ![]() | 80 VES (0.02 USD) | 4,000 ISK (28.40 USD) |
Underwear For Men ![]() | 25 VES (0.01 USD) | 1,000 ISK (7.10 USD) |
Underwear For Women ![]() | 25 VES (0.01 USD) | 1,200 ISK (8.52 USD) |
Socks For Men ![]() | 12 VES (0 USD) | 300 ISK (2.13 USD) |
Socks For Women ![]() | 12 VES (0 USD) | 400 ISK (2.84 USD) |
Wintercoat for Adults ![]() | 150 VES (0.04 USD) | 8,000 ISK (56.80 USD) |
Sportswear ![]() | 100 VES (0.03 USD) | 6,000 ISK (42.60 USD) |
If you lived in Venezuela, instead of Iceland, you would have to pay 1755.78 times less for Clothing and Footwear for Adults.
![]() Indicators ![]() | ![]() Venezuela ![]() | ![]() Iceland ![]() |
---|---|---|
Children's Jeans ![]() | 50 VES (0.01 USD) | 3,500 ISK (24.85 USD) |
Children's Normal Sneakers ![]() | 60 VES (0.02 USD) | 4,000 ISK (28.40 USD) |
Children's Winter Coat ![]() | 90 VES (0.03 USD) | 6,000 ISK (42.60 USD) |
Daycare for Infant ![]() | 300 VES (0.09 USD) | 25,000 ISK (177.50 USD) |
Daycare for Toddler ![]() | 250 VES (0.07 USD) | 20,000 ISK (142 USD) |
Childcare for Sick Days ![]() | 150 VES (0.04 USD) | 1,500 ISK (10.65 USD) |
Early Childhood Education Programs ![]() | 150 VES (0.04 USD) | 6,000 ISK (42.60 USD) |
Extra Curricular Activities ![]() | 120 VES (0.04 USD) | 3,000 ISK (21.30 USD) |
Summer Camp for Kids ![]() | 200 VES (0.06 USD) | 8,000 ISK (56.80 USD) |
If you lived in Venezuela, instead of Iceland, you would have to pay 1330.17 times less for Childcare and kids clothing.
![]() Indicators ![]() | ![]() Venezuela ![]() | ![]() Iceland ![]() |
---|---|---|
PreSchool Fees ![]() | 200 VES (0.06 USD) | 30,000 ISK (213 USD) |
Primary School Fees ![]() | 500 VES (0.15 USD) | 40,000 ISK (284 USD) |
Secondary School Fees ![]() | 600 VES (0.18 USD) | 60,000 ISK (426 USD) |
Private School Fees ![]() | 1,000 VES (0.30 USD) | 80,000 ISK (568 USD) |
University Tuition Fees ![]() | 2,000 VES (0.60 USD) | 150,000 ISK (1,065 USD) |
University Private Tuition Fees ![]() | 3,000 VES (0.90 USD) | 200,000 ISK (1,420 USD) |
After School Activities ![]() | 100 VES (0.03 USD) | 5,000 ISK (35.50 USD) |
Special Education Services ![]() | 150 VES (0.04 USD) | 7,000 ISK (49.70 USD) |
Tutoring ![]() | 80 VES (0.02 USD) | 5,000 ISK (35.50 USD) |
Textbooks Cost ![]() | 100 VES (0.03 USD) | 4,000 ISK (28.40 USD) |
School Supplies ![]() | 50 VES (0.01 USD) | 2,000 ISK (14.20 USD) |
If you lived in Venezuela, instead of Iceland, you would have to pay 1773.48 times less for school and education.
![]() Indicators ![]() | ![]() Venezuela ![]() | ![]() Iceland ![]() |
---|---|---|
Movie Ticket (Single) ![]() | 20 VES (0.01 USD) | 1,000 ISK (7.10 USD) |
Theater Ticket (Single) ![]() | 40 VES (0.01 USD) | 2,000 ISK (14.20 USD) |
Concert Ticket (Single) ![]() | 50 VES (0.01 USD) | 2,500 ISK (17.75 USD) |
Sports Event Ticket (Single) ![]() | 45 VES (0.01 USD) | 1,500 ISK (10.65 USD) |
Gym Membership ![]() | 70 VES (0.02 USD) | 6,000 ISK (42.60 USD) |
Swimming Pool Access ![]() | 60 VES (0.02 USD) | 5,000 ISK (35.50 USD) |
Museum Entry Ticket ![]() | 25 VES (0.01 USD) | 1,000 ISK (7.10 USD) |
Zoo Entry Ticket ![]() | 30 VES (0.01 USD) | 1,500 ISK (10.65 USD) |
Amusement Park Entry Ticket ![]() | 50 VES (0.01 USD) | 2,000 ISK (14.20 USD) |
Bowling ![]() | 30 VES (0.01 USD) | 1,000 ISK (7.10 USD) |
Mini Golf ![]() | 25 VES (0.01 USD) | 1,500 ISK (10.65 USD) |
Video Games ![]() | 60 VES (0.02 USD) | 5,000 ISK (35.50 USD) |
Streaming Services ![]() | 30 VES (0.01 USD) | 1,000 ISK (7.10 USD) |
Outdoor Equipment Rental ![]() | 50 VES (0.01 USD) | 1,000 ISK (7.10 USD) |
Theme Park Annual Pass ![]() | 250 VES (0.07 USD) | 50,000 ISK (355 USD) |
If you lived in Venezuela, instead of Iceland, you would have to pay 2324.15 times less for entertainment, recreation and fun activities.
![]() Indicators ![]() | ![]() Venezuela ![]() | ![]() Iceland ![]() |
---|---|---|
Language Classes ![]() | 80 VES (0.02 USD) | 5,000 ISK (35.50 USD) |
Parenting Classes ![]() | 80 VES (0.02 USD) | 5,000 ISK (35.50 USD) |
Art Classes ![]() | 60 VES (0.02 USD) | 3,000 ISK (21.30 USD) |
Fitness Classes ![]() | 35 VES (0.01 USD) | 6,000 ISK (42.60 USD) |
Music Lessons ![]() | 50 VES (0.01 USD) | 4,000 ISK (28.40 USD) |
Dance Lessons ![]() | 45 VES (0.01 USD) | 4,000 ISK (28.40 USD) |
Reading Materials for Classes ![]() | 35 VES (0.01 USD) | 1,000 ISK (7.10 USD) |
Educational Software ![]() | 60 VES (0.02 USD) | 3,000 ISK (21.30 USD) |
If you lived in Venezuela, instead of Iceland, you would have to pay 1648.69 times less for Private Classes.
![]() Indicators ![]() | ![]() Venezuela ![]() | ![]() Iceland ![]() |
---|---|---|
Average Gross Monthly Salary ![]() | 5,000 VES (1.50 USD) | 450,000 ISK (3,195 USD) |
Average Net Monthly Salary ![]() | 3,500 VES (1.05 USD) | 350,000 ISK (2,485 USD) |
Minimum Wages ![]() | 66.67 VES per hour (0.02 USD) | 6,666.67 ISK per hour (47.33 USD) |
Average Bonus ![]() | 500 VES (0.15 USD) | 40,000 ISK (284 USD) |
Income Tax Rate ![]() | 0 to 16 % | 0 to 24 % |
Social Security Contributions ![]() | 7 % | 7 % |
Pension Contributions ![]() | 7 % | 8 % |
Cost of Living Index ![]() | 35 | 12 |
Median Household Income ![]() | 4,000 VES (1.20 USD) | 400,000 ISK (2,840 USD) |
If you lived in Venezuela, you would earn 2257.99 times less salary as compared to Iceland.
![]() Indicators ![]() | ![]() Venezuela ![]() | ![]() Iceland ![]() |
---|---|---|
Legal Consultation Per Hour Rate ![]() | 150 VES (0.04 USD) | 10,000 ISK (71 USD) |
Accounting Services Per Hour Rate ![]() | 120 VES (0.04 USD) | 7,000 ISK (49.70 USD) |
IT Support Services Per Hour Rate ![]() | 100 VES (0.03 USD) | 5,000 ISK (35.50 USD) |
Technician Services Per Hour Rate ![]() | 80 VES (0.02 USD) | 4,000 ISK (28.40 USD) |
Professional Services cost 1367.41 times less in Venezuela, as compared to Iceland.
We hope you enjoyed the detailed guide on the cost of living comparsion between Venezuela and Iceland.
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