| Apartment Rentals | Rent for a one-bedroom apartment in the city center of Cuenca is around $250-$400 per month. Rent for a three-bedroom apartment in the city center is around $400-$600 per month. Rent for a one-bedroom apartment outside the city center is around $150-$250 per month. Rent for a three-bedroom apartment outside the city center is around $250-$400 per month. |
| Apartment Purchases | The cost of purchasing an apartment in Cuenca varies depending on the size and location. A one-bedroom apartment in the city center can cost around $50,000-$80,000. A three-bedroom apartment in the city center can cost around $80,000-$120,000. A one-bedroom apartment outside the city center can cost around $30,000-$50,000. A three-bedroom apartment outside the city center can cost around $50,000-$80,000. |
| Transportation | Public transportation in Cuenca is very affordable. A one-way bus ticket costs around $0.25-$0.50. Taxis are also available and the cost of a ride is around $2-$4. You can also rent a car for around $30-$50 per day. |
| Groceries | The cost of groceries in Cuenca is very affordable. A loaf of bread costs around $0.50-$1. A dozen eggs costs around $1-$2. A pound of chicken costs around $2-$3. A gallon of milk costs around $2-$3. A pound of apples costs around $1-$2. |
| Restaurants | The cost of eating out in Cuenca is very affordable. A meal at a fast food restaurant costs around $3-$5. A meal at a mid-range restaurant costs around $5-$10. A meal at a high-end restaurant costs around $10-$20. |
| Utilities | The cost of utilities in Cuenca is very affordable. The average cost of electricity is around $30-$50 per month. The average cost of water is around $10-$20 per month. The average cost of internet is around $20-$30 per month. |
| Private School Tuition | The cost of private school tuition in Cuenca varies depending on the school. Preschool tuition is around $100-$200 per month. Elementary school tuition is around $200-$400 per month. Middle school tuition is around $400-$600 per month. High school tuition is around $600-$800 per month. |
Monthly Budget for Retirees in Cuenca
“Everyone’s comfort level is different. There are a variety of price ranges for homes, condos, and apartments,” said one expat living in Cuenca.
“We live on less than our SS income despite traveling. Our rent for a lovely 3 bedroom apartment within walking distance of everything is $450 plus utilities which are a few dollars a month. We do not have a car but do use our bikes and feet,” wrote a member in Cuenca.
“The cost of living in Cuenca is generally quite reasonable, with rent being one of the most affordable expenses. Groceries, health care, restaurants and transportation are all generally quite cost-friendly as well. Depending on your lifestyle and budget, you can find meals in some of the fine restaurants throughout the city for less than ten dollars. The cost of use of public transportation is also very low. In general, living in Cuenca can be quite affordable and enjoyable,” commented one expat who made the move to Cuenca, Ecuador.
Can I live in Cuenca on $1,500 a month?
“I’ve been living in Cuenca for a while now, and I can tell you that it’s definitely possible to live comfortably on $1,500 a month, even if you’re used to modern amenities. However, you might have to make some sacrifices to make it work. For example, you might need to downsize your living space or choose a more affordable neighborhood.In terms of neighborhoods, I’d recommend looking into areas like El Vergel, San Sebas, or Totoracocha. These neighborhoods are more affordable and still offer a good quality of life. You can find a decent apartment for around $400-$600 a month, which should leave you with enough money for other expenses like utilities, groceries, and entertainment.On the other hand, I’d avoid neighborhoods like Puertas del Sol or San Joaquin, as they tend to be more expensive and might not fit within your budget. Living in these areas could mean spending more than half of your monthly budget on rent alone.One sacrifice you might have to make is cutting back on dining out or going to expensive bars and clubs. While there are plenty of affordable restaurants and bars in Cuenca, you’ll need to be mindful of your spending if you want to stick to your budget. Cooking at home and inviting friends over for dinner can be a great way to save money and still enjoy a social life.Another thing to consider is transportation. While Cuenca has a decent public transportation system, you might need to rely on buses and taxis more often than you’re used to. Owning a car can be expensive, so it’s best to avoid that expense if you can.Overall, living in Cuenca on $1,500 a month is doable, but you’ll need to be mindful of your spending and make some sacrifices. By choosing an affordable neighborhood, cutting back on dining out, and relying on public transportation, you should be able to live comfortably and enjoy your time in this beautiful city,” commented an expat living in Cuenca.
Can I live in Cuenca on $3,500 a month?
“I’ve been living in Cuenca for a few years now, and I can tell you that it’s definitely possible to live comfortably on $3,000 a month, even if you’re used to modern amenities. However, there are some sacrifices you might have to make to ensure you stay within your budget.Firstly, you’ll need to be mindful of the neighborhood you choose to live in. Some of the more expensive neighborhoods, like Puertas del Sol and San Joaquin, might be out of your budget if you’re trying to keep your living expenses low. Instead, consider more affordable neighborhoods like El Vergel, Totoracocha, or even the historic center of Cuenca, where you can find reasonably priced apartments or houses.When it comes to utilities and other monthly expenses, you’ll find that they’re generally cheaper than in the US or Europe. However, you might need to cut back on some non-essential services like cable TV or high-speed internet if you want to keep your costs down. You can also save money by shopping at local markets for fresh produce and other groceries, rather than relying on more expensive supermarkets.Eating out can be quite affordable in Cuenca, but if you’re used to dining at high-end restaurants, you might need to adjust your expectations. There are plenty of delicious and inexpensive local eateries to choose from, so you won’t have to sacrifice too much in terms of quality.One thing to keep in mind is that while public transportation is cheap and reliable in Cuenca, owning a car can be quite expensive due to import taxes and high gas prices. If you’re willing to rely on buses and taxis, you can save a significant amount of money on transportation costs.Overall, living in Cuenca on $3,000 a month is definitely doable, but you’ll need to be mindful of your spending and make some adjustments to your lifestyle. By choosing an affordable neighborhood, cutting back on non-essential expenses, and embracing the local culture, you can enjoy a comfortable and fulfilling life in this beautiful city,” said one expat living in Cuenca.
Can I live in Cuenca on $5,000 a month?
“I’ve been living in Cuenca for a while now, and I can confidently say that it’s possible for an expat who is used to modern amenities to live comfortably on $5,000 a month. In fact, you can live quite well on that budget, but there might be a few sacrifices you’ll have to make.First, let’s talk about housing. There are plenty of affordable neighborhoods in Cuenca where you can find modern apartments or houses with all the amenities you’re used to. Some of the more affordable neighborhoods include El Vergel, San Sebas, and Totoracocha. On the other hand, if you’re looking for something more upscale, you might want to consider neighborhoods like Puertas del Sol or Gran Colombia, but keep in mind that these areas can be more expensive.When it comes to utilities, you’ll find that they’re generally cheaper than in the US or Europe. However, you might have to sacrifice a bit on the quality of your internet connection, as it can be slower and less reliable than what you’re used to. But overall, it’s manageable and you can always upgrade to a better plan if needed.Transportation is quite affordable in Cuenca, with public buses costing only $0.25 per ride. Taxis are also reasonably priced, but if you prefer to have your own car, you should be aware that importing a vehicle can be quite expensive due to taxes. Gas prices are also higher than in the US, so that’s something to consider if you plan on driving a lot.As for groceries and dining out, you’ll find that the cost of living in Cuenca is quite affordable. Local markets offer fresh produce at low prices, and there are plenty of restaurants with a wide range of prices, from cheap local eateries to more upscale dining options. However, if you’re used to certain imported products, you might have to pay a premium for them or find local alternatives.In terms of entertainment and leisure activities, there’s plenty to do in Cuenca without breaking the bank. There are numerous parks, museums, and cultural events to enjoy, as well as outdoor activities like hiking and exploring the beautiful surrounding countryside. However, if you’re a fan of high-end shopping or luxury experiences, you might find that Cuenca has fewer options compared to larger cities.Overall, living comfortably on $5,000 a month in Cuenca is definitely achievable, but you might have to make a few sacrifices in terms of certain amenities and luxuries. But in exchange, you’ll get to enjoy a beautiful, culturally rich city with a lower cost of living and a more relaxed pace of life,” commented an expat living in Cuenca.
