Statement:
In Venezuela the cost of living is lower than in Monaco

In the Cost of Living rating Venezuela holds position #12 ²⁰¹³ out of 102 and Monaco is #4 out of 90 ²⁰¹².
Position of Venezuela is better than position of Monaco.
Both countries are leaders of the "Cost of Living" rating. Living in Venezuela and Monaco is really expensive, compared to most countries of the World.

Referencies:

1. Cost of Living ²⁰²² by Numbeo

   The countries in the rating sorted by 'Cost of Living Index' in descending order.

   Venezuela

   'Cost of Living Index' value is

   41.77

2. Cost of Living ²⁰²¹ by Numbeo

   The countries in the rating sorted by 'Cost of Living Index' in descending order.

   Venezuela

   'Cost of Living Index' value is

   45.96

3. Cost of Living ²⁰²⁰ by Numbeo

   The countries in the rating sorted by 'Cost of Living Index' in descending order.
4. Cost of Living ²⁰¹⁹ by Numbeo

   The countries in the rating sorted by 'Cost of Living Index' in descending order.

   Venezuela

   'Cost of Living Index' value is

   27.22

5. Cost of Living ²⁰¹⁸ by Numbeo

   The countries in the rating sorted by 'Cost of Living Index' in descending order.

   Venezuela

   'Cost of Living Index' value is

   27.62

6. Cost of Living ²⁰¹⁷ by Numbeo

   The countries in the rating sorted by 'Cost of Living Index' in descending order.

   Venezuela

   'Cost of Living Index' value is

   35.15

7. Cost of Living ²⁰¹⁶ by Numbeo

   The countries in the rating sorted by 'Cost of Living Index' in descending order.

   Venezuela

   'Cost of Living Index' value is

   40.34

8. Cost of Living ²⁰¹⁵ by Numbeo

   The countries in the rating sorted by 'Cost of Living Index' in descending order.

   Venezuela

   'Cost of Living Index' value is

   82.81

9. Cost of Living ²⁰¹⁴ by Numbeo

   The countries in the rating sorted by 'Cost of Living Index' in descending order.

   Venezuela

   'Cost of Living Index' value is

   119.05

10. Cost of Living ²⁰¹³ by Numbeo

    The countries in the rating sorted by 'Cost of Living Index' in descending order.

    Venezuela

    'Cost of Living Index' value is

    111.01

11. Cost of Living ²⁰¹² by Numbeo

    The countries in the rating sorted by 'Cost of Living Index' in descending order.

    Monaco

    'Cost of Living Index' value is

    128.15