Cost of Living in Guayaquil, Ecuador
Ecuador · South America
Cost of Living in Guayaquil: Quick Answer
The average cost of living in Guayaquil, Ecuador is approximately $950 per month for one person. This page covers rent, groceries, transportation, utilities, salaries and quality of life. The cost of living index is 34, using New York City as the 100-point benchmark.
$950
Monthly Cost
avg/person
34
Cost Index
NYC = 100
28
Rent Index
NYC = 100
56
Quality of Life
Moderate
35
Safety Index
Below Average
2.7M
Population
USD
| Item | Price (USD) |
|---|---|
| Meal (inexpensive) | $3.5 |
| Meal for 2 (mid-range) | $14 |
| McMeal at McDonald's | $5 |
| Domestic Beer (0.5L) | $1.8 |
| Imported Beer (0.33L) | $3 |
| Cappuccino | $2.2 |
| Coke/Pepsi (0.33L) | $0.9 |
| Water (0.33L) | $0.45 |
| Item | Price (USD) |
|---|---|
| Milk (1L) | $0.9 |
| Bread (500g) | $0.7 |
| Rice (1kg) | $0.65 |
| Eggs (12) | $1.9 |
| Chicken (1kg) | $2.8 |
| Beef (1kg) | $4.8 |
| Apples (1kg) | $1.1 |
| Banana (1kg) | $0.38 |
| Tomato (1kg) | $0.7 |
| Potato (1kg) | $0.45 |
| Onion (1kg) | $0.45 |
| Water (1.5L) | $0.45 |
| Item | Price (USD) |
|---|---|
| 1-way Ticket (local) | $0.3 |
| Monthly Pass | $14 |
| Taxi 1km | $0.4 |
| Gasoline (1L) | $0.65 |
| Volkswagen Golf | $25000 |
| Toyota Corolla | $20000 |
| Item | Price (USD) |
|---|---|
| Basic (85m² apt) | $50 |
| Mobile Plan | $11 |
| Internet (60 Mbps) | $20 |
| Fitness Club/month | $26 |
| Item | Price (USD) |
|---|---|
| 1BR Center | $440/mo |
| 1BR Outside | $270/mo |
| 3BR Center | $1,000/mo |
| 3BR Outside | $600/mo |
| Price/m² Center | $1,600/m² |
| Price/m² Outside | $950/m² |
| Item | Price (USD) |
|---|---|
| Average Net Salary | $600 |
| Mortgage Interest Rate | 9% |
Cost of Living in Guayaquil: Complete Guide
The cost of living in Guayaquil, Ecuador, depends mainly on housing, transportation, food, utilities and lifestyle. The estimated monthly cost for one person is $950. The city's cost of living index is 34, compared with a New York City benchmark of 100.
Monthly Expenses in Guayaquil
A typical monthly budget in Guayaquil includes rent, groceries, transportation, utilities and other everyday expenses. Housing is usually one of the largest parts of the monthly budget.
Rent and Housing Costs in Guayaquil
A one-bedroom apartment outside the city center costs approximately $270 per month, while a one-bedroom apartment in the city center costs around $440. A three-bedroom apartment in the center averages $1,000 per month.
Average Salary in Guayaquil
The average net salary in Guayaquil is approximately $600 per month. Purchasing power is rated 44out of 100.
Is Guayaquil Expensive to Live In?
With a cost of living index of 34,Guayaquil is less expensive than the New York City benchmark. Housing, groceries and transportation are important factors when comparing the total monthly cost.
Quality of Life in Guayaquil
Safety
Guayaquil has a safety score of 35/100. Safety is one of the factors to consider when comparing living costs and choosing a city.
Healthcare
Healthcare in Guayaquil is rated 60/100. Healthcare access and medical costs can affect the total monthly budget for residents and families.
Climate
The climate index for Guayaquil is 65/100. Climate and seasonal conditions can influence housing, transport and lifestyle expenses.
Purchasing Power
Guayaquil has a purchasing power score of 44/100. Comparing salary levels with living expenses provides a better picture of affordability than looking at rent alone.
Living in Guayaquil
Cost of Living for Students
Students should budget for accommodation, food, transportation, utilities and study expenses. Shared housing and public transportation may reduce monthly expenses.
Cost of Living for Expats
Expats considering Guayaquil should compare rent, healthcare, transportation, taxes, groceries and salary levels before relocating.
Cost of Living for Remote Workers
Remote workers can compare housing, transportation, internet, food and purchasing power to estimate whether Guayaquil fits their monthly budget.
Is Guayaquil Affordable?
Affordability depends on income and housing choices. The cost index of 34provides a useful benchmark when comparing Guayaquil with other cities.
Key Cost of Living Facts for Guayaquil
- Average Monthly Cost
- $950
- Cost Index
- 34
- Rent Index
- 28
- Average Net Salary
- $600
- Quality of Life
- 56/100
- Safety
- 35/100
- Healthcare
- 60/100
- Currency
- USD
Frequently Asked Questions About Guayaquil
What is the cost of living in Guayaquil?
The estimated cost of living in Guayaquil, Ecuador, is approximately $950 per month for one person. This estimate includes major living expenses such as housing, food, transportation and utilities.
How much is rent in Guayaquil?
A one-bedroom apartment outside the center costs approximately $270 per month, while a one-bedroom apartment in the center costs about $440.
Is Guayaquil expensive to live in?
Guayaquil has a cost index of 34 compared with New York City's benchmark of 100. The overall affordability depends on housing, salary and lifestyle.
What is the average salary in Guayaquil?
The average net salary in Guayaquil is approximately $600 per month.
Is Guayaquil good for expats?
Expats should evaluate housing, salaries, transportation, healthcare, safety and quality of life before deciding whether Guayaquil is suitable for relocation.