Is the cost of living in Quito high?

"The cost of living in Quito is relatively inexpensive when compared to many other parts of the world. Basic groceries are quite inexpensive and rent and utilities are relatively cheaper than other cities in South America. Eating out and entertainment expenses can range from mid-range to really expensive depending on the quality of the food and experience desired. Transportation and overall cost of living also tend to be low, making it an attractive option for those wanting to remain on a budget," mentioned another expat when asked about moving to Quito, Ecuador, Ecuador.