Venezuela is a country in South America and home to world’s greatest wonders: the highest waterfall, Angel Falls, the second longest river in South America, the Orinoco, and the longest coastline on the Caribbean sea. Venezuela cost of living is relative. It can be the worlds most expensive country, or the cheapest: namely, there are three official exchange rates, and a black market rate and there’s a huge difference between them. It would be best to have some guidance from someone who lives there and knows the situation very well.