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Home Mailbag

The Rising Cost Of Living In Cuenca, Ecuador

Live And Invest Overseas by Live And Invest Overseas
May 30, 2014
in Mailbag
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Cost of living in Cuenca, Ecuador
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“Kathleen, I just retired from 40 years of OB/GYN, which I loved. I remember you from a Belize conference +/-20 years ago. Impressed with you then, and I know Nashville will be great. Looking forward to the conference. Lots of questions, few answers at this point, though I read everything from you.”

–Swen D., United States

***

“Kathleen, I would love to attend your conference in Ecuador, and I want to retire before the end of year. The process seems pretty straightforward, but here is my concern. I have read where Cuenca has gone up since I discovered it in 2007. With all of the Americans going there to retire, is this a case where it will eventually become too expensive to live there? My pension will be US$1,050 per month until I start drawing Social Security in a few years. I will then have more. Any advice will be helpful.”

–David S., United States

It is true that costs in Cuenca have gone up since the influx of expats began a few years ago. Today, I think a comfortable figure for retirement in Cuenca would start at around US$1,150 per month to be able to take advantage of what this city has to offer. That said, you could probably get by on as little as US$800 if you really had to and still be able to enjoy yourself with fixed-price meals and free cultural activities.

I think your US$1,050 would be OK as an interim income, as long as you didn’t own a car (it’s not necessary anyway), limited your travel, and shopped for local brands instead of imported ones. Once your Social Security kicks in, though, you’d be quite comfortable.

Continue reading: Property Purchase Process In Ecuador

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Live and Invest Overseas is the world's savviest source for top opportunities to live better, retire in style, invest for profit, do business, and own real estate overseas. Established in 2008, the Live and Invest Overseas' editors and correspondents have more experience researching and reporting on top opportunities for living well, investing for profit, doing business, and owning real estate around the world than anyone else you'll find.

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