Venezuela represents exceptional value for money on paper—about 14% cheaper than the South American average overall and 51% cheaper for housing specifically. However, this affordability comes with substantial trade-offs: expats must navigate security concerns, infrastructure limitations (power cuts, supply shortages), political instability, and logistical complexity. The true cost of living for expats is best measured not just in dollars, but in quality of life, safety, and reliability of services. Venezuela is most suitable for resilient, flexible expats with specific reasons to be there, rather than those seeking simply the cheapest destination.