Is the cost of living in Cuenca high?

We asked people about the cost of living in Cuenca, they wrote...

"The cost of living in Cuenca is relatively low compared to other cities in the world. Rent for a nice 1 bedroom apartment in Cuenca is typically around $300 USD per month, while a nice 2 bedroom apartment is around $400 USD per month. Eating dinner at a moderately priced restaurant in Cuenca will usually cost around $10 USD per person," said another in Cuenca, Ecuador.

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"Prices are and product availability and servicing is changing rapidly. Though many things have always been cheaper (food and lodging) technological products were very dear 10+ years ago, they are not now. I bought a new computer yesterday and the price (with a bit of shopping) was 5% more expensive for the same thing on Amazon.com. us. I double-checked, all specifications. That being said, if you are looking for a city and country cheaper than Cuenca, there are plenty. They simply will be far less fun," explained one expat who made the move to Cuenca, Ecuador.