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Isla de Margarita, Venezuela

Follows Venezuela Residency Rules. Check Digital Nomad & Retiree Pathways →
Est. Monthly Cost (1 Person)
$650
Retiree Score
49.0
Safety Index
42.1
Healthcare
3 facilities

With a population of just under 440,000, Isla de Margarita is a major tourist draw, but the reality on the ground is far from the picturesque images. The island's duty-free status has made it a hub for organized crime, with the primary industry of tourism declining 90% between 2010 and 2020 due to safety concerns. Bureaucracy is a persistent headache, and the tropical climate, while sunny, can be oppressive. This island may appeal to the adventurous, but for most, the risks likely outweigh the rewards.

Can I afford Isla de Margarita?

$

Isla de Margarita

You could save

2,350/mo

Savings Rate78%

Monthly Costs

Rent $250
Living (Country Average Adjusted)$400

Attractiveness Scores

FIRE Score
(i)
78/100
Retiree Score
(i)
49/100
Lifestyle Score
(i)
54/100
💻Nomad Score
(i)
50/100
Meets Venezuela Digital Nomad Visa Income Rule.
42
Safety
3
Healthcare
80
Walkability
5
Nomad

Grocery Basket

Milk (1L) $2
Bread (loaf) *$1
Eggs (12) $2
Rice (1kg) *$1
Chicken (1kg) *$7

* Estimated based on regional averages.

Eating Out

Meal (Inexpensive) *$10
Meal (Mid-range) $100
Cappuccino $3
Water (0.33L) *$2

* Estimated based on regional averages.

Utilities & Lifestyle

Utilities (mo) $30
Mobile Plan (mo) $15
Gym (mo) *$50
Cinema Ticket $5

* Estimated based on regional averages.

Housing

1BR Center (mo) $200
1BR Outside (mo) *$165
3BR Center (mo) $400
3BR Outside (mo) *$313

* Estimated based on regional averages.

🧳 Expat Life

English Proficiency
Limited
Expat Community
Small
Top Neighborhoods
Pampatar
Best For
adventurous retirees

Expat Life Notes

A beautiful island destination currently struggling with economic decline; attractive only for adventurous long-term residents.

Pros

  • ✓ Beautiful beaches
  • ✓ Extremely cheap coastal life
  • ✓ High safety relative to mainland

Cons

  • ✗ Lack of basic services
  • ✗ Poor internet
  • ✗ Very few expat amenities left

🌐 Infrastructure & Lifestyle

Avg Internet
—
Temperature
—
Annual Rainfall
549 mm
Coworking Spaces
—
Best Months to Visit
May, Jun, Jul, Aug

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Frequently Asked Questions

FAQ

Frequently Asked Questions about Isla de Margarita

Click any question to expand the answer.

Isla de Margarita has a population of approximately 489,917 people.

A single person can expect to spend around $625 per month in Isla de Margarita, including rent. A 1-bedroom apartment in the city center costs approximately $250/month.

The nearest airport to Isla de Margarita is PMV, approximately 9km away.

Isla de Margarita is considered moderate in terms of safety, with a safety index of 42.1. As with any city abroad, expats should research specific neighborhoods before committing to a location.

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