Expat Exchange
Free MembershipSign In
Street Tres de Noveimbre in Cuenca, Ecuador

Cost of Living in Ecuador

By Joshua Wood, LPC

Last updated on Feb 06, 2023

Summary: The cost of living in Ecuador is generally quite affordable. A nice one bedroom apartment can cost anywhere from $400 to $800 per month in US Dollars, while a nice two bedroom apartment can cost anywhere from $600 to $1,200 per month in US Dollars. The cost of dinner at a moderately priced restaurant can range from $10 to $20 per person in US Dollars.

William Russell Health Insurance
William Russell Health Insurance
William Russell Health Insurance
William Russell Health Insurance

Is the cost of living in Ecuador high?

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

"The cost of living in Ecuador is generally lower than in more developed countries, especially in rural areas. Prices for basic goods, such as groceries and accommodation, are particularly affordable, making it possible for expats to maintain a comfortable lifestyle on even modest wages," said one expat in Ecuador.

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

Answer Question & View More Answers

William Russell's private medical insurance will cover you and your family wherever you may be. Whether you need primary care or complex surgery, you'll have access to the best hospitals & doctors available. Unlike some insurers, we also include medical evacuation and mental health cover in our plans (except SilverLite). Get a quote from our partner, William Russell.
William Russell Health InsuranceExpat Health Insurance in Ecuador

William Russell's private medical insurance will cover you and your family wherever you may be. Whether you need primary care or complex surgery, you'll have access to the best hospitals & doctors available. Unlike some insurers, we also include medical evacuation and mental health cover in our plans (except SilverLite). Get a quote from our partner, William Russell.
GET A QUOTE

Will I save money living in Ecuador?

"Living in Ecuador can be much more economical compared to living in other countries. You can usually find decent rental prices, particularly if you are living in smaller towns and cities. Food costs may also be lower, as you can find seasonal fruits and vegetables at local markets and grocery stores. Similarly, transportation costs can be relatively low, and gas prices tend to be less expensive than in the United States," remarked another in Ecuador.

"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," explained one expat.

Answer Question & View More Answers

What is the average cost of housing in Ecuador?

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

"You don't need a car in Cuenca because there is a tram, buses, and taxis that are very inexpensive, especially for seniors. That is a big savings just for gas, insurance and maintenance. In Cuenca, you do not need AC or heat. A little portable heater at breakfast will suffice. The water is very cheap, $8-$10/mo. Some may try to give you tourist prices on rent or buying. Shop around.. There are some very reasonable prices. Plus, the interest rates for 1 year cd's so much better than US! Enjoy," said another expat in Ecuador.

"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," added another person living in Salinas.

Answer Question & View More Answers

William Russell Health Insurance

William Russell's private medical insurance will cover you and your family wherever you may be. Whether you need primary care or complex surgery, you'll have access to the best hospitals & doctors available. Unlike some insurers, we also include medical evacuation and mental health cover in our plans (except SilverLite). Get a quote from our partner, William Russell.

Learn MoreGET A QUOTE

William Russell Health Insurance

William Russell's private medical insurance will cover you and your family wherever you may be. Whether you need primary care or complex surgery, you'll have access to the best hospitals & doctors available. Unlike some insurers, we also include medical evacuation and mental health cover in our plans (except SilverLite). Get a quote from our partner, William Russell.

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.

Street Tres de Noveimbre in Cuenca, Ecuador

William Russell Health InsuranceExpat Health Insurance

Get a quote for international health insurance from our partner, William Russell.
GET A QUOTE

William Russell Health InsuranceExpat Health Insurance

Get a quote for international health insurance from our partner, William Russell.
GET A QUOTE

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

William Russell Health Insurance
William Russell Health Insurance

Copyright 1997-2023 Burlingame Interactive, Inc.

Privacy Policy Legal