Faro vs Caracas on €60,000: take-home pay, rent and cost of living in 2026
On a gross salary of €60,000 a year, a single employee takes home €3,190 a month in Faro (64% of gross) and VES 3,397,450 a month in Caracas on the equivalent VES 58,242,000 (70%), after income tax and social security contributions.
Caracas is 14% cheaper than Faro overall (cost-of-living index 32.3 vs 37.5, New York = 100). A one-bedroom flat in the city centre rents for about VES 523,237 a month in Caracas and €906 in Faro, which leaves VES 2,874,213 and €2,283 of take-home pay after rent. Keeping the same standard of living and saving 15% of your pay would cost about VES 2,266,792 a month in Caracas — this salary leaves VES 1,130,658 a month on top.
By category, groceries cost 25% more in Caracas than in Faro, eating out 12% more and rent 42% less.
| Faro | Caracas | |
|---|---|---|
| Gross salary per year | €60,000 | VES 58,242,000 |
| Take-home pay per month | €3,190 | VES 3,397,450 |
| One-bedroom rent, city centre | €906 | VES 523,237 |
| Left after rent | €2,283 | VES 2,874,213 |
| Cost-of-living index (New York = 100) | 37.5 | 32.3 |
How each figure is taxed: Portugal tax calculator and Venezuela. Single employee without children; rent and price data from Numbeo, refreshed monthly.
Questions about Faro vs Caracas
Is Caracas, Venezuela more expensive than Faro, Portugal?
Caracas, Venezuela is 14% cheaper than Faro, Portugal overall. On a gross salary of €60,000 a year, you take home €3,190 a month in Faro, Portugal and VES 3,397,450 a month in Caracas, Venezuela after income tax and social contributions.
How much can I save living in Caracas, Venezuela vs Faro, Portugal?
Keeping the same standard of living as in Faro, Portugal, you could save about VES 1,130,658 a month (VES 13,567,893 a year) in Caracas, Venezuela on this salary, after rent and living costs.
What taxes will I pay in Venezuela vs Portugal?
On €60,000 gross a year you take home €3,190 a month in Portugal and VES 3,397,450 a month in Venezuela. The calculation applies each country's 2026 income tax and social security rules for a single employee.