Cost of Living in Guayaquil

Cost of Living Index (Excl.Rent): 50.24
Rent Index: 12.91
Groceries Index: 46.01
Restaurants Index: 38.26
Cost of Living Plus Rent Index: 31.96
Local Purchasing Power: 32.85
Restaurants [ Edit ] Avg. Range
Meal, Inexpensive Restaurant 5.00 $ 3.00-6.00
Meal for 2 People, Mid-range Restaurant, Three-course 30.00 $ 25.00-40.00
McMeal at McDonalds (or Equivalent Combo Meal) 6.00 $ 5.00-7.00
Domestic Beer (1 pint draught) 1.38 $ 1.00-1.60
Imported Beer (11.2 oz small bottle) 3.00 $ 2.00-4.00
Cappuccino (regular) 2.38 $ 1.50-3.00
Coke/Pepsi (11.2 oz small bottle) 0.76 $ 0.50-1.50
Water (11.2 oz small bottle) 0.47 $ 0.30-1.00
Markets [ Edit ] Avg.
Milk (regular), (1 gallon) 4.28 $ 3.03-4.92
Loaf of Fresh White Bread (1 lb) 1.33 $ 0.91-1.81
Rice (white), (1 lb) 0.63 $ 0.32-0.91
Eggs (12) 2.03 $ 1.80-2.30
Local Cheese (1 lb) 2.81 $ 1.59-3.50
Chicken Breasts (Boneless, Skinless), (1 lb) 2.56 $ 1.60-3.50
Beef Round (1 lb) (or Equivalent Back Leg Red Meat) 3.56 $ 2.20-4.80
Apples (1 lb) 0.79 $ 0.45-1.04
Banana (1 lb) 0.45 $ 0.45-0.45
Oranges (1 lb) 0.83 $ 0.45-1.81
Tomato (1 lb) 0.54 $ 0.27-0.91
Potato (1 lb) 0.63 $ 0.40-0.91
Onion (1 lb) 0.62 $ 0.41-1.00
Lettuce (1 head) 0.73 $ 0.35-1.00
Water (1.5 liter bottle) 0.97 $ 0.70-1.50
Bottle of Wine (Mid-Range) 13.50 $ 10.00-15.00
Domestic Beer (0.5 liter bottle) 1.05 $ 1.00-1.20
Imported Beer (11.2 oz small bottle) 3.00 $ 2.50-4.00
Pack of Cigarettes (Marlboro) 4.50 $ 4.00-5.00
Transportation [ Edit ] Avg.
One-way Ticket (Local Transport) 0.30 $ 0.25-0.30
Monthly Pass (Regular Price) 10.00 $ 10.00-12.00
Taxi Start (Normal Tariff) 2.00 $ 2.00-2.50
Taxi 1 mile (Normal Tariff) 1.61 $ 0.72-1.61
Taxi 1hour Waiting (Normal Tariff) 10.00 $ 8.00-15.00
Gasoline (1 gallon) 2.08 $ 1.48-2.35
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) 25,000.00 $ 21,000.00-32,000.00
Toyota Corolla 1.6l 97kW Comfort (Or Equivalent New Car) 38,000.00 $ 21,500.00-42,000.00
Utilities (Monthly) [ Edit ] Avg.
Basic (Electricity, Heating, Water, Garbage) for 915 sq ft Apartment 58.98 $ 30.00-90.00
1 min. of Prepaid Mobile Tariff Local (No Discounts or Plans) 0.19 $ 0.10-0.25
Internet (10 Mbps, Unlimited Data, Cable/ADSL) 31.55 $ 22.00-40.00
Sports And Leisure [ Edit ] Avg.
Fitness Club, Monthly Fee for 1 Adult 44.09 $ 30.00-60.00
Tennis Court Rent (1 Hour on Weekend) 35.83 $ 25.00-45.00
Cinema, International Release, 1 Seat 5.00 $ 5.00-8.00
Childcare [ Edit ] Avg.
Preschool (or Kindergarten), Private, Monthly for 1 Child 175.00 $ 150.00-200.00
International Primary School, Yearly for 1 Child 3,580.00 $ 2,160.00-5,000.00
Clothing And Shoes [ Edit ] Avg.
1 Pair of Jeans (Levis 501 Or Similar) 71.25 $ 40.00-150.00
1 Summer Dress in a Chain Store (Zara, H&M, ...) 67.50 $ 35.00-120.00
1 Pair of Nike Running Shoes (Mid-Range) 119.58 $ 100.00-150.00
1 Pair of Men Leather Business Shoes 104.38 $ 50.00-200.00
Rent Per Month [ Edit ] Avg.
Apartment (1 bedroom) in City Centre 331.82 $ 250.00-500.00
Apartment (1 bedroom) Outside of Centre 258.89 $ 180.00-400.00
Apartment (3 bedrooms) in City Centre 602.50 $ 350.00-1,000.00
Apartment (3 bedrooms) Outside of Centre 640.91 $ 380.00-1,000.00
Buy Apartment Price [ Edit ] Avg.
Price per Square Feet to Buy Apartment in City Centre 123.32 $ 55.74-167.22
Price per Square Feet to Buy Apartment Outside of Centre 100.33 $ 78.97-139.35
Salaries And Financing [ Edit ] Avg.
Average Monthly Net Salary (After Tax) 458.89 $
Mortgage Interest Rate in Percentages (%), Yearly 11.36 10.00-12.00

Prices in Guayaquil, Ecuador

These data are based on 732 entries in the past 18 months from 62 different contributors.
Last update: May 2017
Sources and References: Info
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Cost of living in Guayaquil is 49.76% lower than in New York (Info)Our estimator (with default settings) estimate monthly expenses for a single person at 530.91$ and for four person family at 1,926.60$ (without rent).
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13 Comments so far

#Michael on Sep 27, 2015 :
What you said Martin was right. I´m from Guayaquil and everything here is expensive. Even Guayaquil is more expensive than Quito. For a normal mid class family in Guayaquil, both heads of the family need to work for an average salary of $1800 monthly ($900 each, btw. the average salary for a normal worker is $400-$800), in order to pay the bills, pay the private school fees (here public schools are bullshit), pay the rent (starting from $300 now in 2015 in shit neighborhoods) and to have something to eat. And after all they remain with some expeses which need to be covered with credit cards.
I know there is a lot of people saying that my country is cheap. That´s not true, for foreigners could be (If they have more than $2000 monthly for a large trip), but there are other facts to take in count. Insecurity first of all, here if you don´t get appointed with a gun for your $100 watch and your wallet, you are a lucky guy. Don´t trust local people. Here we say "sabidos" to the people who want to take advantage from others who doesn´t know how is the deal in the city. It's like Scam in the clubs, but in whole city.

My comment supplies, Martin, your very accurate comment about my home city and country.
#Arlinda on Sep 25, 2015 :
We're planing to retire in ecuador,which is best Cuenca or Guayaquil, any feedback will be appreciated.
#Kathy on Aug 03, 2015 :
Hello, we are from Miami and moving to Guayaquil soon as Expats. Can anyone tell me where can i find information on salaries for executives at Guayaquil?
Also which is the best private school there. My husbands company will pay for that but I need to know which is the right one for my gifted kids.
#Carlos Molina on Jul 28, 2015 :
Hi i see your commets about Guayaquil, im from Guayaquil, i can tell you that live here cost you for 3 people around $2500 dollars per month but you can save money if you can rent an aparmet in the south of the city in los Esteros it can cost about $250 per month.
in the supermarket you can spend another $300 per month and if you buy a minivan like tracker it can cost $25000 brand new , but its a second hand it can be at $16000 in good conditions . if you open a bank acount you can have a credit line here a can buy a new car its better because you dont need to spend in repairs.

for the security in the city you should be very carefull dont trust in the cheaper taxi because its bad signal.

if you are in guayaquil you can write me for any sugestions .
#Don on Oct 20, 2014 :
I'am moving to Ecuador in 3 yrs my wife is Ecuadorian but hasent lived there for about 30 yrs,do you think that will be easiar for us for getting a car and other things a little cheaper.since shes a citizen.
#Manuel on Jun 02, 2014 :
Another company for Taxis is
Fastline +593 4 2823333 / +593 4 2622044 / +593 999567111
They are good in all Guayaquil's northern area and have english speakers
#Manuel on Jun 02, 2014 :
Martin pretty good description and closest to what is going on in Ecuador I agree with James about no sugar coating. I am ecuadorian and lived abroad almost 10 years, most of them in Australia.
In regards to taxis, personally I rather to take just company ones, they are a bit dearer but I have peace of mine. Negotiate prices for the ride it is the way to go in Guayaquil, for many years Council have tried to established the taximeter service but negotiating culture has ruled. Short ride of 15 to 20 min is $2.50 to $3 with no heavy traffic, with heavy traffic could cost $4 to $5. Usually peek hours which is from 7am to 10am and 6pm to 8:30pm it is really hard to get a taxi and worst trying to get to downtown or Northern city area and viceversa. So for this reason is advised to keep few numbers of taxis companies to move around until you get yourself a car. Which is convenient in the long run, I got myself a second hand car SUV which is good to keep in mind if you like to travel or you are a bit adventurous and... because once in a while some areas get flooded and with a SUV of 4x4 you will just cruise through it
I would like to invite you to join for free to InterNations (great Expats community) in Guayaquil which is the city where I have settled since I came back from Sydney, Australia. Their website is
Through InterNations I have met a group of English people who gather at the Phoenix Club (British Club) every monday and so. Of course there is a good blend of nationalities on IN group, a bit from everywhere but mostly from US, CAN and UK. My english friend John Abell is member of IN and member of the Phoenix Club once in while we organize social events for our expat community in Guayaquil. When you get in town, send me a message and we could meet for a cold beer or for an InterNations montly meeting.


My email is

Here some Taxi companies in Guayaquil:

Taxi Comfortfast Line: +593 94085586 when dialing from a mobile: 0994085586
This company is good in the Samborondon, Alborada, Sauces, Aeropuerto, Kennedy, Urdesa, Terminal Terrestre (Bus Terminal) and downtown area.

Taxi Paraiso: +593 4 2201877
This company are good in the Ceibos, Pto. Azul, Via a la Costa, Urdesa, Kennedy, Miraflores and downtown area.
#Lenora on Jan 07, 2014 :
Thanks for the detailed info, Martin. Of the three cities you've lived in, which do you like the most? Do you live where you have a view of the Pacific in Quayaquil? For a combined family of retired parents in their late 70s on US Social Security income only of 1100/mo USD and a late 50s daughter - not yet retired - with a military pension of 3455/mo USD, would you say that monthly income of 4500-4600 USD will be more than adequate to live very comfortably?
#Karen on Nov 23, 2013 :
Go to the Ecuador boards in Expat and read the Facebook page for Ecuador Expats. Those sites will give you a good idea of what it is like there.
#Cat Marcuri on Nov 10, 2013 :
I am very interested in moving to Ecuador. I am an American, and after years living in other countries, I am very unhappy being back in the United States. Ecuador seems to be the best place in South America to go to, so I would like very much to know more about the country. My Spanish is not so good, but after three years in Italy I think I wouldn't have much trouble learning to speak the language. I would purchase a health plan, and I have been told that the doctors in Ecuador are on par with the doctors in the U.S. (not saying much these days, I know, but hey...). I would love to have a conversation with someone about the realities of living in Ecuador, so please feel free to email me and tell me what you know. Thanks for reading, and thanks for your time!
#Helen Hung on Sep 09, 2013 :
i do not use debit or credit cards. can i come to live there with just cash and pay everything in cash?
#James on Jun 20, 2013 :
Hi Martin,

Your comments are real, I thank you for your time in collating this information and not sugar-coating the situation. A large beautiful country with less than 15 million people with a socialist ideology. I move to Ecuador mid-2014 to Guayaquil area. This information gave me a good snap-shot so I wanted to say thank for the 'local knowledge'. Email me if you want to meet when I move there, I am from UK have lived in Australia for 10 years - western 'civilizations' not for me, looking forward to the Andean country.

#Martin on May 29, 2013 :
I have lived here since April 2012. Before that I lived in Quito and Cuenca. I have been in Ecuador for 3 years as of May 2013.

It is not cheap. The apartments in South GYE start at $300.00 for unsecured and that means no gates. Go north to Samborondon and the rent for a 1 bedroom starts at $400.00 without security. Samborondon is like living in Ventura County, California. Samborondon has an attitude. If you don't have money you don't fit in.

Prices here are not cheap in Megamaxi. Fruits and veggies at the mercados is fair but deal with them. Every thing is packaged to sell for $1.00 so buy 2 packages and maybe pay $1.75.

Visit other cities and adjust prices by 10% up and down. Beer in Ecuador is $1.25 for a big bottle at the tienda. A good beer "Club" is $4.85 6pk for small bottles. The same beer will be 3X that in a restaurant.

Food in restaurants catering to gringos is not cheap. McDonalds is not cheap. Papa Johns is not cheap. Either is KFC.

Gas for the car is cheap. Utilities are like in the states. $50 pays for running a small air conditioner 1/2 time. Propane is $3.50 and should last 2 months. Water is $8.00 per month. Expect to pay $80 per week for food at least for 2 people. That is eating pasta and chicken.

So really, you can live here for about $1,200 month. But you won't have much fun. If you live in your apartment 80% of the time you can do it. Go out and you will spend money just like in Europe or the USA. A budget of $2,000 month for 2 will be more in line. I budget $3,000 for the two of us. That give me a nice buffer and a little in the bank.

Travel from GYE to UIO is $70 one way. From GYE to LOH it is $50. Buses are cheap. From GYE to UIO via bus is 9 hrs and $8.00. About 6 hrs from GYE to LOH and it cost about $6.00. Travel via LAN Air and Tame. Visit their direct sights.

Health clubs are $38.00 and up. Samborondon charges $57 month and discounts slightly for advance payment. Most places are $5 per day. Most do not have steam or sauna. Some clubs restrict your hours to 4 per day! Ask them.

Get a price from the taxi driver before you get in the car! Do it. It shouldn't be more than $6 to drive from the airport to downtown Hilton. I go for $5. Do not tip taxi drivers in EC. They operate independently.

Get a business card from the taxi driver. You can usually trust it if it is a large business and has radio dispatch. Taxis here are the same as NYC. If you need to schedule for a early or late pick up, no problem.

Banks are another story. They charge for everything. Even to check your balance. The clerks will charge what ever the want to transfer your money. No set rules. Ask before you take cash from your debit card.

Use to transfer money. Use your bank card to take money from the ATM and take a max per day. Usually $400 on 2 withdraws. Do not use the "other" option. Make several withdraws.

Do not believe anything from the investors here. That includes Gary Scott. He is the worst offender and liar. He even wrote that the cops don't take bribes in Ecuador. He is a joke.

The tours are expensive. Use caution. They don't pay for food and they don't show you much.

A driver with car charges $8.00 hr or by trip. From Quito to Cuenca it is about $350 in a SUV for 3 passengers. Don't pay more. The city drivers are nuts. But go with it and relax.

Caution about hiring full time help. You must pay their social security on top of their salaries. So for a salary of $400 you will pay $500. Talk to the attorney. If you mess this up they will jail you and fine you and you will have to pay penalties. Keep a signed receipt of all payments with signatures, dates, times and duty.

Down payment on a house is 30%. Most banks want you to be in their system for 1 year or 6 months before they will finance you. About the same with a car purchase. Open a savings account when you get here. It will turn to a checking account after 6 months. Apply for a credit card. Show them proof of your income.

Ask questions. Remember, this is their country not yours. It isn't the same as in the USA. Remember, if you do not have health insurance you must use your credit card and not a debit card or show them lots of cash.

A CT cost $200 plus the contrast. The MRI here is $400 to $500. X-rays about $30 for you chest. EKG about $25 in the docs office. Hospital is more. Doctors are only "fair". Best to fly to the states for surgery.

Most pills are available non prescription. Sleeping pills and psychotropics require a doc. Just depends. Ask them. Get a discount card from the drug store and from megamaxi. Most all food and clothing stores have discounts. Some do not take your "debit" card. It must be a "credit" card.

Have fun.