Last update: Oct 2026

Cost of Living Comparison Between Banos and Quito

For one person, living is cheaper in Banos: $819 a month against $1,015 in Quito, rent and utilities included – about $2,400 less a year. Other living expenses account for most of the difference.

39

Cost of Living Index in Banos
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Banos Living Index
49

Cost of Living Index in Quito
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Quito Living Index

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Banos

🇪🇨 Ecuador

$819

/mo nomad

Quito

🇪🇨 Ecuador

$1,015

/mo nomad

Monthly Cost of Living

How much you'll spend in Banos and in Quito

Real prices from locals and on-the-ground checks – rent, groceries, transit and the daily extras. Here's what a month in Banos and in Quito actually costs, broken down by who's living it.

Monthly costs for one person with rent: $819 in Banos versus $1,015 in Quito.

Banos $819
Quito $1,015

Estimated couple costs with rent: $1,260 in Banos versus $1,636 in Quito.

Banos $1,260
Quito $1,636

Monthly costs for a family of three with rent: $1,701 in Banos versus $2,258 in Quito.

Banos $1,701
Quito $2,258

Living in Banos costs roughly 19% less than in Quito, and outside of rent the biggest gap is in eating out.

Both cities sit below the global median: Banos 40% lower, Quito 25% lower.

Meal at Budget Restaurant

$2.78 $2.78

$5.41 $5.41

-48.61%

Three-Course Dinner for Two, Mid-Range

$30.08 $30.08

$55.2 $55.2

-45.46%

Fast Food Meal (McDonalds, etc)

$5.02 $5.02

$7.66 $7.66

-34.46%

Cappuccino

$2.60 $2.60

$3.31 $3.31

-21.45%

Coke/Pepsi/Fanta/Sprite (0.33 liter bottle)

$0.92 $0.92

$1.36 $1.36

-32.35%

Water (0.33 liter bottle)

$0.73 $0.73

$1.09 $1.09

-33.03%

Local Beer (0.5 liter draught)

$2.99 $2.99

$3.46 $3.46

-13.58%

Imported Beer (0.33 liter bottle)

$2.02 $2.02

$5.85 $5.85

-65.47%

Milk (1 liter)

$1.05 $1.05

$1.09 $1.09

-3.67%

White Bread (500g)

$1.99 $1.99

$1.55 $1.55

28.39%

Rice (white) (1kg)

$0.86 $0.86

$1.56 $1.56

-44.87%

Eggs

$1.49 $1.49

$2.16 $2.16

-31.02%

Local Cheese (1kg)

$7.04 $7.04

$6.45 $6.45

9.15%

Chicken Fillets (1kg)

$5.04 $5.04

$5.22 $5.22

-3.45%

Beef Round Steak (1kg)

$5.85 $5.85

$7.66 $7.66

-23.63%

Apples (1kg)

$1.49 $1.49

$2.34 $2.34

-36.32%

Banana (1kg)

$0.49 $0.49

$1.20 $1.20

-59.17%

Oranges (1kg)

$1.02 $1.02

$1.27 $1.27

-19.69%

Tomato (1kg)

$0.95 $0.95

$1.12 $1.12

-15.18%

Potato (1kg)

$0.51 $0.51

$1.19 $1.19

-57.14%

Onion (1kg)

$0.91 $0.91

$1.02 $1.02

-10.78%

Lettuce (1 head)

$0.51 $0.51

$0.90 $0.90

-43.33%

Water (1.5 liter bottle)

$1.02 $1.02

$1.00 $1.00

2.00%

Cigarettes 20 Pack (Marlboro, Camel)

$5.83 $5.83

$6.14 $6.14

-5.05%

Wine (Bottle)

$11.80 $11.80

$8.62 $8.62

36.89%

Local Beer (0.5 liter bottle)

$1.55 $1.55

$1.58 $1.58

-1.90%

Imported Beer (0.33 liter bottle)

$2.15 $2.15

$3.10 $3.10

-30.65%

One-way Ticket (Public Transport)

$0.36 $0.36

Public Transport Monthly Pass (Regular Price)

$21.34 $21.34

Taxi Start (Normal Tariff)

$1.27 $1.27

$1.46 $1.46

-13.01%

Taxi (Normal Tariff) (1km)

$1.23 $1.23

$1.54 $1.54

-20.13%

Taxi 1hour Waiting (Normal Tariff)

$11.90 $11.90

$10.07 $10.07

18.17%

Gasoline (1 liter)

$0.87 $0.87

$0.86 $0.86

1.16%

Midsize Hatchback 1.4l (Volkswagen Golf, Toyota Prius, Honda Civic, etc)

$23.1K $23.1K

$23.3K $23.3K

-1.01%

Compact Sedan 1.6l (Toyota Corolla, Mazda3, Kia K4, Hyundai Elantra, etc)

$30.6K $30.6K

$30.5K $30.5K

0.40%

Utilities for 2 People in 2-bedroom Apartment (Heating, Electricity, Gas, Water, Garbage) (85m2)

$33.82 $33.82

$28.33 $28.33

19.38%

SIM Card Monthly Plan (Calls and 10GB+ Data)

$14.62 $14.62

$18.08 $18.08

-19.14%

Internet (50+ Mbps, Unlimited Data)

$25.86 $25.86

$28.84 $28.84

-10.33%

Gym Membership (Monthly)

$29.84 $29.84

$42.86 $42.86

-30.38%

Tennis Court (1 Hour on Weekend)

$14.62 $14.62

$17.92 $17.92

-18.42%

Cinema Ticket

$7.28 $7.28

$6.75 $6.75

7.85%

Preschool or Kindergarten, Full Day, Private, 1 Child (Monthly)

$369 $369

$750 $750

-50.79%

International Primary School, 1 Child (Yearly)

$5,777 $5,777

$8,967 $8,967

-35.58%

Jeans (Levis 501 Or Similar)

$64.8 $64.8

$69.7 $69.7

-7.02%

Summer Dress (H&M, Zara, etc)

$39.86 $39.86

$49.06 $49.06

-18.75%

Sport Shoes (Adidas, Nike)

$127 $127

$112 $112

13.41%

Men's Leather Business Shoes

$91.7 $91.7

$110 $110

-16.29%

1-bedroom Apartment, City Center (Monthly)

$440 $440

$548 $548

-19.68%

1-bedroom Apartment, Outside City Center (Monthly)

$275 $275

$362 $362

-23.84%

3-bedroom Apartment, City Center (Monthly)

$705 $705

$1,126 $1,126

-37.42%

3-bedroom Apartment, Outside City Center (Monthly)

$448 $448

$637 $637

-29.71%

Buy Apartment in City Center (m2)

$1,654 $1,654

Buy Apartment Outside City Center (m2)

$664 $664

Average Monthly Net Salary (After Tax)

$606 $606

20-Year Fixed Mortgage Interest Rate (Annual %)

10.05

10.12

-0.69%

CityCost data is based on AI and user input – minor inaccuracies may occur.

Last update for Banos: October 25, 2026

Last update for Quito: October 25, 2026

Monthly budget structure

Share of the monthly basket for one person, rent included.

Accommodation & Living

Banos

$275 33.6%

Quito

$362 35.6% 31.3% $86

Groceries & Markets

Banos

$176 21.5%

Quito

$192 18.9% 8.8% $16

Clothing & Footwear

Banos

$146 17.8%

Quito

$153 15.1% 5.2% $7.6

Eating Out

Banos

$94 11.5%

Quito

$145 14.3% 54% $51

Monthly Utilities & Internet

Banos

$74 9.1%

Quito

$75 7.4% 1.3% $1

Sport & Entertainment

Banos

$44 5.4%

Quito

$56 5.6% 26.9% $12

Getting Around

Banos

$8.9 * 1.1%

Quito

$32 3.2% 260% $23

Categories marked with * are only partly priced – their share counts the items that do have prices.

Cost Breakdown

A one-bedroom apartment in the center runs $440 in Banos and $548 in Quito. Housing cost is often the main lever when comparing two cities.

Dining out: $30 in Banos vs $55 in Quito for a mid-range dinner for two. Groceries echo the gap at $176 vs $192 per month, with Banos cheaper across the board.

Good to know

🇪🇨 Banos

🇪🇨 Quito

🕒 Local time

02:05 2:05 AM

Same time as Banos

🌤 Weather

👥 Population

9,501

2,671,191 Capital

💱 Currency

United States Dollar USD $

📈 Exchange rate

1 USD = 0.899 EUR

Exchange rates and currency converter

On the map

Lowest

Highest

Between locations

Banos Quito 130 km

From you

Banos
Quito

Distances are measured in a straight line. Your location is detected approximately.

City Median Internet Speeds Comparison (Updated April 2026)

The chart highlights the Precision Threshold for mobile and fixed broadband internet speeds, updated quarterly.

Digital Nomad Cost of Living Index

Banos vs Quito: Cost of Living - Frequently Asked Questions

Banos wins on cost – living expenses run 19% lower than in Quito. Housing and daily spending are where you’ll feel the difference most, making Banos the obvious pick if budget is a priority.

You’d need roughly $1,228 in Banos and $1,522 in Quito to live well. The gap comes down to housing and overall price levels. Both cities are liveable on less, but these numbers represent actual comfort.

Rent for a central apartment: $440 in Banos versus $548 in Quito. Housing is usually the single largest factor when comparing overall living costs between the two.

Childcare runs $369 in Banos versus $750 in Quito. Over years of preschool, even a modest monthly gap compounds into a major financial factor for families.

Dining out is cheaper in Banos – a meal for two runs $30 versus $55 in Quito. If you eat out regularly, this makes a real dent in your monthly spending.

Both cities are expensive relative to $800. Banos is the more realistic option, but even there you’ll need to be disciplined with housing, food, and fun money.

Both work as nomad bases, but Banos delivers better value – similar infrastructure at $819 monthly. If stretching your runway or maximizing savings is the goal, the price difference makes Banos hard to pass up.