Is Montevideo more expensive than Caracas?

Montevideo is 16.6% more expensive than Caracas overall. Rent is 14.8% higher, groceries 1.3% cheaper, and restaurants 20.7% more expensive.

Which city has better purchasing power, Caracas or Montevideo?

Caracas has a purchasing power index of 17.7 while Montevideo has 63.2 (NYC = 100). Montevideo offers better purchasing power.

Cost of Living Comparison · 2026

🇻🇪 Caracas vs 🇺🇾 Montevideo

2026

Montevideo is 16.6% more expensive

Category	🇻🇪 Caracas	🇺🇾 Montevideo	Difference
Cost of Living	49.3	57.5	+16.6%
Rent	14.2	16.3	+14.8%
Groceries	61.7	60.9	-1.3%
Restaurants	50.2	60.6	+20.7%
Purchasing Power	17.7	63.2	+257.1%

Data verified Q1 2026 · Source: Numbeo cost-of-living indices (NYC = 100 baseline) · Indices reflect relative costs; absolute prices vary by neighbourhood.

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🇻🇪 Cost of Living in Caracas

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🇺🇾 Cost of Living in Montevideo

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🇻🇪 Should I Move to Caracas?

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🇺🇾 Should I Move to Montevideo?