Cost of living in Valle de La Pascua
Valle de La Pascua, a city in Venezuela, offers a unique blend of cultural heritage and modern living. Understanding the cost of living here is crucial for anyone considering a move or planning a visit.
This guide provides a detailed breakdown of expenses, from dining and groceries to transportation and housing, helping you make informed financial decisions.
Cost of Living Summary
Dining and Restaurants
- Inexpensive Restaurant Meal - A meal at a casual restaurant will typically cost $14.25 on average, with a range between $6 and $25.
- Mid-Range Restaurant (Three-Course Meal for Two) - For a more upscale dining experience, expect to pay around $42.5, with prices ranging from $35 to $100.
- Fast Food (e.g., McDonald's) - A McMeal or equivalent combo meal averages $7.5, with a range between $5 and $15.
- Beverages (e.g., Domestic Beer, Imported Beer, Cappuccino, Coke/Pepsi) - Domestic beer ranges from $1 to $3, imported beer $1.75 to $5, cappuccino $1.5 to $4, and Coke/Pepsi $0.75 to $2.5.
Grocery Prices
- Milk - Milk is priced between $1.32 and $3 per liter, averaging $1.99.
- Bread (Loaf of Fresh White Bread) - A loaf of fresh white bread costs between $1 and $4, with an average price of $2.54.
- Eggs (Dozen) - A dozen eggs range from $1.8 to $5, averaging $2.8.
- Fruits (e.g., Apples, Oranges) - Apples cost $2 to $8.82 per kg, while oranges range from $0.54 to $4.41 per kg.
- Vegetables (e.g., Potatoes, Lettuce) - Potatoes are priced between $1 and $3 per kg, and lettuce costs $0.76 to $2 per head.
Transportation
- Fuel (Gasoline) - Gasoline is consistently priced at $0.5 per liter.
- Taxi Fares - Taxi fares start at $5, with a cost of $1 to $3.11 per km and $9.5 to $12 per hour of waiting.
- Car Purchase - A new Volkswagen Golf costs between $25,000 and $35,000, while a Toyota Corolla ranges from $35,000 to $45,000.
Housing Costs
- Mortgage Interest Rate - The mortgage interest rate for a 20-year fixed-rate loan ranges from 16% to 60%, averaging 22%.
Utilities
- Basic Utilities (Electricity, Heating, Water, etc.) - Basic utilities for an 85m2 apartment cost between $10 and $19.13, averaging $12.64.
- Internet - Internet services range from $25 to $50, with an average cost of $37.18.
Cost of Living Rankings
The cost of living indices for Venezuela are compared to New York City (NYC), which serves as the baseline with an index of 100. These provide insights into the relative cost of living in different cities in Venezuela, covering factors like consumer goods, rent, and purchasing power.
Cost of Living Data
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Transportation
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Salaries And Financing
Salaries And Financing
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"Key Takeaways"
Valle de La Pascua offers a relatively affordable cost of living, especially in terms of dining and utilities.
Transportation costs are low, particularly for gasoline, making it economical for car owners.
Housing costs can vary significantly, particularly with high mortgage interest rates, which could impact long-term financial planning.
Conclusion
In conclusion, Valle de La Pascua presents a cost-effective living environment with affordable dining and transportation options.
However, potential residents should be mindful of the variable housing costs and high mortgage rates when planning their finances.