Question 1

How far does your money go in Maracaibo compared with the US?

Accepted Answer

Based on the current PPP estimate, the same home-country income goes about 22.4x further in Maracaibo. We are using the country-level cost index for Venezuela here because a defensible city-level aggregate index is not available yet.

Question 2

Is Maracaibo cheaper or more expensive overall than New York City?

Accepted Answer

Overall living costs are about 62% cheaper than New York City for Maracaibo. We are using the country-level cost index for Venezuela here because a defensible city-level aggregate index is not available yet.

Question 3

How does rent in Maracaibo compare with New York City?

Accepted Answer

Rent are about 93% cheaper than New York City in Maracaibo. We are using the country-level cost index for Venezuela here because a defensible city-level aggregate index is not available yet.

Question 4

How expensive are groceries and restaurants in Maracaibo?

Accepted Answer

Groceries are about 58% cheaper than New York City and restaurant prices are about 59% cheaper than New York City. We are using the country-level cost index for Venezuela here because a defensible city-level aggregate index is not available yet.

Maracaibo, Venezuela

Purchasing Power vs. United States

How Far Your Money Goes

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