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Catedral de la Inmaculada Concepcion de Cuenca
Catedral de la Inmaculada Concepcion de Cuenca
Catedral de la Inmaculada Concepcion de Cuenca

Cost of Living in Ecuador

By Joshua Wood, LPC

Last updated on Nov 27, 2021

Summary: What is the cost of living in Ecuador? Hear what expats, digital nomads and retirees living in Ecuador have to say about the cost of housing, health insurance and general living costs.

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Allianz Care International Health Insurance
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Is the cost of living in Ecuador high?

Live in Ecuador? Answer this Question

We asked people how much they someone comfortably live on in Ecuador, they wrote:

"Very comfortable Under 2,000. It depends on where you live — mountains or beach," said another person in Manta .

"One person can live on around $1000 a month, a couple on $1500 but it also depends on the area and personal needs," remarked another expat in Vilcabamba.

"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," explained one expat living in Cuenca.

"Everyone's comfort level is different. There are a variety of price ranges for homes, condos, and apartments," said another expat in Cuenca.

"I have meet folks who live on $1200/mo including rent. Our lifestyle is more like $1200-1500 and we own our place. That includes eating out, 2 grocery runs/month, beer deliveries and biweekly massages for two," added another person living in Manglaralto.

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Will I save money living in Ecuador?

Live in Ecuador? Answer this Question

"Yes, I live on much less than I would have to spend in the US. Living expenses are much lower. I can safe some money for future travels," said another person in Vilcabamba.

"We have been blessed with a senior benefit in Ecuador of discounted airfare. As a result, travel is more feasible than when we lived in the states. As a result we’ve visited Africa and Antartica, future trips are on hold for now," remarked another expat in Cuenca.

"Yes. Actually we have found more advantages and ways to save money since we have arrived," explained one expat living in Cuenca.

"Yes, I could have retired 10 years earlier if I was able to get down here earlier," said another expat in Cuenca.

"Most of the time - yes. However imported goods have a major tax on them so that electrical goods etc. are far more expensive. Food is plentiful and cheap and oceanfront property very good value," added another person living in Bahia de Caraquez.

"It's too early to tell. It's been a slow tourist year here, so we are seeing some higher prices for food at the local restaurants and shops. We are still paying for move in costs and the usual set up fees so we don't know what typical is yet," explained one expat living in Manglaralto.

What is the average cost of housing in Ecuador?

Live in Ecuador? Answer this Question

If you are thinking about moving to Ecuador, cost of living in probably a key consideration. Expats commented about the cost of housing:

"They are much lower. The average cost is hard to say because the range is so broad depending on what you want. I will say the property taxes are 1% of the purchase price per year," explained one expat living in Salinas.

"I could never find a place like what I would get in the US. It is probably 3 to 4 less than in the states," said another expat in Cuenca.

"Housing for expats seems to be going up mostly because new expats will pay the asking prices which are still much cheaper then in the US. Furnished apartments average $500-$700. Unfurnished $300-$500 http://gas2335.blogspot.com/2013/05/update-on-my-cuenca-ecuador-condo.html," added another person living in Cuenca.

"If you have funds, you can afford to live anywhere in the world. Ecuador can cost almost as much as the U.S. because of "gringo gouging" Best way to find housing is not to read paid ads but to first find a neighborhood and buildings you might like, then look for signs and call the numbers directly. It takes an enormous amount of work to figure out which landlords are honest and fair and those who are not. Even if they seem correct, they may turn on you. The name of the game is $$$ and if you are not on a budget, then nothing really matters and you can pay double or more than a local would... This later remark is noteworthy... paying more contributes to the economy, but also creates understandable resentment among locals," explained one expat living in Cuenca.

"Much lower. We paid cash for our land and to build our house. Electric is about 100 per month. We get 2 trucks of water a month roughly and it equates to about $50/month in water. There are no other bills," said another in Puerto Cayo.

"The housing costs here are substantially less than anywhere in the US. Our costs in the US for similar housing would be at least $1500mo," explained one expat who made the move to Cuenca.

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Get a free international health insurance quote from our partner, Allianz Care, whose plans ensure that you have access to quality healthcare whenever you need it. Allianz's flexible solutions allow you to tailor your cover to meet your needs and budget.

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Allianz Care International Health Insurance

Get a free international health insurance quote from our partner, Allianz Care, whose plans ensure that you have access to quality healthcare whenever you need it. Allianz's flexible solutions allow you to tailor your cover to meet your needs and budget.

Learn MoreGet a Quote

About the Author

Joshua Wood Joshua Wood, LPC joined Expat Exchange in 2000 and serves as one of its Co-Presidents. He is also one of the Founders of Digital Nomad Exchange. Prior to Expat Exchange, Joshua worked for NBC Cable (MSNBC and CNBC Primetime). Joshua has a BA from Syracuse and a Master's in Clinical and Counseling Psychology from Fairleigh Dickinson University. Mr. Wood is also a licensed counselor and psychotherapist.

Some of Joshua's articles include Pros and Cons of Living in Portugal, 10 Best Places to Live in Ireland and Pros and Cons of Living in Uruguay. Connect with Joshua on LinkedIn.

Allianz Care International Health InsuranceInternational Health Insurance

Get a quote for health insurance from our partner, Allianz Care.
Get a Quote

Allianz Care International Health InsuranceInternational Health Insurance

Get a quote for health insurance from our partner, Allianz Care.
Get a Quote

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Catedral de la Inmaculada Concepcion de Cuenca

Allianz Care International Health InsuranceInternational Health Insurance

Get a quote for health insurance from our partner, Allianz Care.
Get a Quote

Allianz Care International Health InsuranceInternational Health Insurance

Get a quote for health insurance from our partner, Allianz Care.
Get a Quote

Ecuador GuideEcuador Guide
Learn what members have to say about living in Ecuador.

Ecuador Forum Ecuador Forum
Talk with other digital nomads and expats in Ecuador on our Ecuador forum - meet people, get advice and help others.

Ecuador Index Ecuador Index
An index of all of our site's Ecuador information.

Contribute to Ecuador Network Contribute
Help others in Ecuador by answering questions about the challenges and adventures of living in Ecuador.

Expat Healthcare Advice in EcuadorHealthcare & Health Insurance in Ecuador

Expats in Ecuador offer advice about healthcare, hospital visits, emergency rooms visits, finding a doctor and buying health insurance in Ecuador.

Expat Talk about Healthcare Advice in EcuadorMembers Talk about Healthcare & Health Insurance in Ecuador

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Expats share some of their favorite places to live in Ecuador from beautiful colonial cities to affordable beach towns.

Real Estate in EcuadorReal Estate in Ecuador

Real estate listings in popular cities and towns in Ecuador.

Guide to Real Estate in EcuadorGuide to Real Estate in Ecuador

Advice for people renting and buying real estate in Ecuador.

Pros Cons of Living in EcuadorPros & Cons of Living in Ecuador

Take off your rose-colored glasses and learn what digital nomads & expats have to say about the biggest challenges and the greatest rewards of living in Ecuador.

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