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    Cost Of Living In Ecuador

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        shopping car with dollar money banknote over the national flag of ecuador. Starting A Business In Ecuador
        Adobe Stock/luzitanija

        Cost Of Living In 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 US$2.50 at many mom-and-pop restaurants.

        Currency conversion at today’s exchange rate.

        Lief Simon, Director of Overseas Property Alert, Founde of Simon Letter, and Founder, of Global Property Advisor

        Reviewed By Lief Simon

        Lief Simon is the managing editor of Global Property Advisor, Simon Letter, and Offshore Living Letter. He has purchased more than 45 properties, investing in 23 different countries around the world.

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          Owning Your Own Apartment In Ecuador

           
          Expense Monthly Cost Notes
          Rent US$0
          HOA Fees US$150 Not required in houses or some older apartments, usually less than $200 in a luxury gated community.
          Property Taxes US$17 0.025 – .5% of the value of the property, as determined by the municipal government.
          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$25
          Cell Phone US$13 Basic plan with calls + 10gbs data.
          Internet and Cable TV US$36
          Medical Appointment US$30 A basic doctor/clinic appointment; per visit.
          Household help US$70 Two full-days visits per week.
          Groceries US$400 Basic items for a couple.
          Water US$11
          Entertainment US$250 For two people dining out at mid-range restaurant six times a month (with drinks, dessert, and tips).

          Orchestra, theater, and cultural activities are usually free.

          Total US$1,058
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          Owning Your Own House In Ecuador

           
          Expense Monthly 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.
          Internet and Cable tv US$36
          Cell Phone US$28 Basic monthly plan with unlimited minutes, calling, texting, and 10GB of data.
          Household help US$70 Two full-day visits per week.
          Groceries US$400 Basic items for a couple.
          Medical Appointment US$30 A basic doctor/clinic appointment; per visit.
          Entertainment US$250 For two people dining out at mid-range restaurant six times a month (with drinks, dessert, and tips).

          Orchestra, theater, and cultural activities are usually free.

          Maintenance US$100
          Total US$1,076
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          Budget For Renting An Apartment In Ecuador

           
          Expense Monthly Cost Notes
          Rent US$400 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$50 Little heating or air conditioning needed.
          Phone US$15 for landline, includes 200 minutes (From ETAPA).
          Internet and cable tv US$36
          Medical Appointment US$30 A basic doctor/clinic appointment; per visit.
          Household help US$70 Two full-day visits per week.
          Groceries US$400 Basic items for a couple.
          Entertainment US$200 For two people dining out at mid-range restaurant six times a month (with drinks, dessert, and tips).

          Orchestra, theater, and cultural activities are usually free.

          Total US$1,357
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          Average Cost Of Owning A Car

           
          Expense Monthly Cost Notes
          Car registration US$166 There is a “green tax” for large vehicles.
          Insurance US$25 3-4% the value of the car.
          Maintenance US$50  
          Fuel US$50 Gas is 65 cents per liter and Diesel is 78 cents per liter.
          Car total US$291  
          Lief Simon, Director of Overseas Property Alert, Founde of Simon Letter, and Founder, of Global Property Advisor

          Reviewed By Lief Simon

          Lief Simon is the managing editor of Global Property Advisor, Simon Letter, and Offshore Living Letter. He has purchased more than 45 properties, investing in 23 different countries around the world.

          Start Your New Overseas Life Today

          A world full of fun, adventure, and profit awaits! Sign up for our free daily e-letter, Overseas Opportunity Letter, and we’ll send you a FREE report on the 10 Best Places To Retire In Style Overseas Today 2024






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            Cost Of Living In Ecuador- FAQs

            Yes. The Ecuadorian residency process follows two steps. Firstly, you need to hold a temporary resident visa. Once you have this you can apply for a permanent residency visa. The application for residency needs to be in Ecuador.

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