Sunday, September 25, 2011

Moving to Caracas

Today we look at moving to Caracas in Venezuela from San Antonio in USA. We highlight cost of living and other major differences likely to be experienced in our series of short blogs on moving between different international locations.

In Caracas people speak Spanish and indigenous languages. In San Antonio people speak English.
Caracas is the capital and largest city of Venezuela. San Antonio is the second-largest city in the state of Texas and the seventh-largest city in the United States. Important industries in Caracas include chemicals, textiles, leather, food, iron and wood products. Caracas is a regional center for the distribution of products. San Antonio has a diversified economy with four primary focuses: financial services, government, health care, and tourism. San Antonio also has a strong military presence.

The overall cost of living rank in Caracas is 80 out of 300 global locations, which equates it with high cost of living locations.  An expatriate moving from San Antonio to Caracas will experience a change in cost of living of 40.2%.
In terms of the hardship people are likely to experience, assessed in global terms, Caracas is ranked as an extreme hardship location with a hardship index of 40% compared to San Antonio with a hardship index of 10% which is a minimal hardship location.

Source: Cost of Living Caracas Venezuela as at July 2011.