Quick Answer: How Much Does An Apartment Cost In Venezuela?

How dangerous is Venezuela?


There is a high threat from violent crime and kidnapping throughout Venezuela, which has one of the highest murder rates in the world.

Armed robbery, mugging, carjacking, and burglary are all common and are often accompanied by extreme levels of violence – do not resist an attacker..

What is minimum wage in Venezuela?

Venezuelan president Nicolas Maduro ordered the eleventh minimum wage hike in 24 months yesterday, boosting the basic salary by 67% to 250,000 bolivars ($3.61) plus a 200,000 “food bonus” as the country struggles to deal with hyperinflation.

What is the average cost of living in Venezuela?

The total cost of living is around $382 in Caracas. The average rent in Caracas for a one-bedroom apartment in the city centre is approximately $264 per month, and utilities cost around $8 a month. Other costs will be around $126 including markets, transportation, restaurants, and sports and leisure for one-person.

How much is a dollar worth in Venezuela?

Venezuelan bolívarVenezuelan bolívar soberanoWebsitewww.bcv.org.veValuationInflation1,698,488% (2018 est.)ValueOfficial rate US$1 = Bs.S 1,062,000 (Dec 19, 2020) Parallel rate US$1 = Bs.S 1,315,515 (Jan 16, 2021)18 more rows

How much is a Big Mac in Venezuela?

The way you look at the index is this, as you said Big Mac is $7.15 in Venezuela, it is more expensive than in the USA, around 1.5 times higher, in fact.

Can a foreigner buy a house in Venezuela?

Any foreigner can buy a property in Venezuela with just a valid passport, a tourist visa and a Registro de Informacion Fiscal (RIF). … Foreigners may also buy indirectly, through local companies or through foreign companies.

How much is 1 million bolivars?

For one million bolivares you get today 100,125 dollars 17 cents.

Is Venezuela a good place to live?

Life in Venezuela. The city tends to be a safer place to live in Venezuela. … Most expats in Venezuela can be found living in cities such as Caracas, Puerto La Cruz, Maracaibo and Valencia. There, they have access to better healthcare facilities, private schools, places to shop, and good local transportation.

Is it expensive to live in Venezuela?

Cost of living in Venezuela is 32.89% lower than in United States (aggregate data for all cities, rent is not taken into account). Rent in Venezuela is, on average, 75.46% lower than in United States.

Why is everything so expensive in Venezuela?

Venezuela infamously tried fixing prices in the grocery stores and ended up with crippling shortages of everything from beef to toilet paper. Then they decided to try capital controls by forcing a completely absurd ‘official’ exchange rate to the local currency. And that’s what makes this country so expensive.

Why Venezuela is so poor?

Political corruption, chronic shortages of food and medicine, closure of companies, unemployment, deterioration of productivity, authoritarianism, human rights violations, sanctions from other countries, gross economic mismanagement and high dependence on oil have also contributed to the worsening crisis.

What is the average salary in Venezuela?

Average salary in Venezuela is VEF 479,199. Average take home earning is VEF 383,501 (Net). The most typical salary is VEF 1,832,333 (Gross)….COMPARE YOUR SALARY WITH OTHERS »CityCaracasAvg. gross salaryVEF 423,851(USD)US$ 73,236Salary entries507 more columns