Location Factors

Venezuela

The location factor for Venezuela is 1.08, based on national living costs.

This means a Bs.F. 431,248 per year salary would roughly be compareable to €60,000 in Germany.
If you would have to pay full taxes in Germany, this amount would rise to Bs.F. 466,649.
It would be Bs.F. 78,796 based on market rates, Bs.F. 85,264 with taxes paid in Germany.

You can also start a calculation based on Venezuela.

Name Venezuela
Chosen Factor 1.08 1.17*
Market Rates 0.20 0.21*
Consumer Price Index 1.08 1.17*
Rent Index* 0.90 0.98*
Consumer Price Plus Rent Index 1.01 1.10*
Groceries Index 0.31 0.34*
Restaurant Price Index* 0.91 0.99*
Local Purchasing Power Index* 0.19 0.21*
Buffer Location Bracket* C or B
Currency Venezuelan Bolivar Fuerte (VEF)
Income Tax* 6% to 34%
* Not used for index.* If taxes paid in Germany instead.
Market rates based on National Sources. Living costs based on Numbeo.