Cost of Living in Guayaquil, Ecuador

Last updated on Jul 01, 2023

Summary: The cost of living in Guayaquil, Ecuador is generally considered to be quite affordable. A nice one bedroom apartment in the city can cost anywhere from $400 to $600 per month, while a nice two bedroom apartment can cost from $600 to $800 per month. The cost of dinner at a moderately priced restaurant in Guayaquil is usually around $10 to $15 per person.

Is the cost of living in Guayaquil high?

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

"The cost of living in Guayaquil is generally considered to be lower than other more developed cities. Groceries, housing and entertainment expenses tend to be among the most affordable in the region. Public transportation in the city is also quite reasonable, as are medical costs and other miscellaneous services. While prices may be slightly higher in more touristic areas, generally Guayaquil offers an excellent value in regards to cost of living," explained one expat.

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About the Author

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.