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Cost of Living in Ecuador

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The Cost Of Living In The Ecuador

Country-wide, the cost of living in Ecuador is about as inexpensive as it gets in Latin America. And within Ecuador, cities like Cuenca and Loja have living costs less than you’ll find in other major cities throughout the region. In fact, they are among the cheapest you’ll find for cities that still have the full complement of city amenities. Dinner out in Ecuador is inexpensive, and a three-course lunch can still be found for one dollar at many mom-and-pop restaurants.

 

Owning your own apartment

Expense Monthly Cost Notes
Rent US$0
HOA Fees US$120 Not required in houses or some older apartments
Property Taxes US$17
Transportation US$50 For taxis and motos around town, plus gasoline for personal car use.
Gas US$6 Used for hot water and cooking
Electricity US$30
Telephone US$60
Internet and cable tv US$44.91 Up to 10GB, 110 channels
Cell Phone US$28 Basic monthly plan with unlimited minutes, calling, texting, and 5 GB of data.
Medical Appointment US$30 A basic doctor/clinic appointment; per visit
Household help US$40 Two four-hour visits per week; 5 per hour
Groceries US$300 Basic items for a couple.
Water US$11
Entertainment US$172 Orchestra, theater, and cultural activities are usually free
TotalUS$908.91

 

Owning your own house

ExpenseMonthly Cost Notes
Rent US$0
HOA Fees US$0
Property Taxes US$25 Based on a large house in town
Transportation US$50
Gas US$6 Used for hot water and cooking, subsidized
Water US$11
Electricity US$70 Little heating or air conditioning needed.
Telephone US$1.99
Internet and Cable tv US$44.91 Up to 10GB, 110 channels.
Cell Phone US$28 Basic monthly plan with unlimited minutes, calling, texting, and 5 GB of data.
Household help US$40 Two four-hour visits per week; 5 per hour.
Groceries US$300 Basic items for a couple
Medical Appointment US$30 A basic doctor/clinic appointment; per visit
Entertainment US$172 Orchestra, theater, and cultural activities are usually free
Maintenance US$100
TotalUS$878.90

 

Renting an apartment

ExpenseMonthly Cost Notes
RentUS$300 Unfurnished, two-bedroom, comfortable apartment of 75–80 square meters in the town center with a walled garden and gated entry.
HOA Fees US$100 Average: HOA is often required of renters
Property Taxes US$0
Car costs US$0 An unnecessary burden in the city
Auto Insurance US$0
Transportation US$50 For taxis and motos around town, plus gasoline for personal car use.
Gas US$6 Used for hot water and cooking
Electricity US$70 Little heating or air conditioning needed.
Telephone US$1.99 for landline, includes 200 minutes (From ETAPA, July, 2018)
Internet and cable tv US$44.91 Up to 10 GB, 110 channels
Medical Appointment US$30 A basic doctor/clinic appointment; per visit
Household help US$40 Two four-hour visits per week; 5 per hour
Groceries US$300 Basic items for a couple
Entertainment US$172 Orchestra, theater, and cultural activities are usually free in Cuenca
TotalUS$1,806.90

 

Owning a Car

Expense Monthly Cost Notes
Car registration US$12.50
InsuranceUS$54.17
Maintenance US$50
Fuel US$40 Gas is $1.48 and Diesel is $1.03, subsidize
Car total US$156.67

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​Is Ecuador Your Dream Destination?

​Learn more about ​​​ECUADOR ​​​and other countries in our free, daily Overseas Opportunity Letter​​​​​​​​​. Simply enter your email address below and we’ll send you our FREE REPORT – ​Ecuador: The World’s Most Affordable Overseas Haven