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Ecuador | Is the cost of living in Ecuador high? | Expat Exchange
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Plaza de la Independencia in Loja, Ecuador

Is the cost of living in Ecuador high?

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William Russell
William Russell
William Russell
William Russell

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

"The cost of living down here is a fifth to a quarter of what it is up north if you are at all frugal. This from twelve years of experience in the south, Cuenca and Vilcabamba. Frugal, doesn't mean not spending money, it means spending it with maximum effect. Finding cheaper ways to accomplish the same end. Nothing wrong with being frugal, or cheap.....unless it causes pain. The current minimum level of income for a retiree here in Ecuador is $1200. It was less but went up. That should be plenty down here. The folks who come down BECAUSE it is cheaper don't last. I don't know that many people do come for the cost of living. The cultural hurdles filter the candidates. More than half leave before five years in spite of the cost of living. For emotional reasons. The only real way to answer this question is for you to come down, for at least the 3 months, more is better, and see. You can sample a hundred expats and come up with an idea. The quality of our lives is emotional, not financial," remarked another expat in Ecuador.

"A couple can live here on $1200-$1300 a month which includes for example 3 bedroom 2 bath modern apartment. A single person can live under $1000 a month," said a member in Vilcabamba, Ecuador.

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Ecuador Visas - Law office of Attorney Sara ChacaEcuador Visas - Law office of Attorney Sara Chaca

With Offices in BOTH Ecuador and the US, Ecuador Visas with Attorney Sara Chaca is the No. 1 Visa Law Firm for Your Move! Specializing in Ecuador Residency Visas plus converting from Temporary to Permanent Residency, Containers, Real Estate Closings, Wills and Estate Planning, Driver Licenses, Opening Businesses & Citizenship!
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Is the cost of living in Ecuador high?

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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.

Plaza de la Independencia in Loja, Ecuador

Ecuador Visas - Law office of Attorney Sara Chaca
Ecuador Visas - Law office of Attorney Sara Chaca

Ecuador Visas with Attorney Sara Chaca is the No. 1 Visa Law Firm for Your Move!
Learn More

Ecuador Visas - Law office of Attorney Sara ChacaEcuador Visas - Law office of Attorney Sara Chaca

Ecuador Visas with Attorney Sara Chaca is the No. 1 Visa Law Firm for Your Move!
Learn More

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William Russell
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