Cost of Living Comparison Between Guayaquil and Banos Cost of Living Comparison Between Guayaquil and Banos

Monthly Cost of Living

Monthly costs for one person with rent: $1,081 in Guayaquil versus $895 in Banos.

Estimated couple costs with rent: $1,691 in Guayaquil versus $1,360 in Banos.

Monthly costs for a family of three with rent: $2,301 in Guayaquil versus $1,824 in Banos.

Living in Guayaquil is roughly 21% more expensive than in Banos, driven mainly by Eating Out.

Both cities sit below the global median: Guayaquil 19% lower, Banos 33% lower.

Meal at Budget Restaurant

$3.53 $3.53

$2.71 $2.71

30.26%

Three-Course Dinner for Two, Mid-Range

$48.37 $48.37

$29.86 $29.86

61.99%

Fast Food Meal (McDonalds, etc)

$8.19 $8.19

$4.95 $4.95

65.45%

Cappuccino

$2.63 $2.63

$2.61 $2.61

0.77%

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

$0.85 $0.85

$0.91 $0.91

-6.59%

Water (0.33 liter bottle)

$0.62 $0.62

$0.61 $0.61

1.64%

Local Beer (0.5 liter draught)

$3.08 $3.08

$3.06 $3.06

0.65%

Imported Beer (0.33 liter bottle)

$4.43 $4.43

$2.01 $2.01

120.40%

Milk (1 liter)

$1.13 $1.13

$1.00 $1.00

13.00%

White Bread (500g)

$1.71 $1.71

Rice (white) (1kg)

$1.70 $1.70

$0.92 $0.92

84.78%

Eggs

$2.51 $2.51

$1.49 $1.49

68.46%

Local Cheese (1kg)

$6.17 $6.17

$6.14 $6.14

0.49%

Chicken Fillets (1kg)

$5.28 $5.28

$5.08 $5.08

3.94%

Beef Round Steak (1kg)

$6.17 $6.17

$5.93 $5.93

4.05%

Apples (1kg)

$2.13 $2.13

$2.04 $2.04

4.41%

Banana (1kg)

$1.51 $1.51

$1.05 $1.05

43.81%

Oranges (1kg)

$1.10 $1.10

$1.09 $1.09

0.92%

Tomato (1kg)

$1.17 $1.17

$1.03 $1.03

13.59%

Potato (1kg)

$1.89 $1.89

$0.48 $0.48

293.75%

Onion (1kg)

$1.39 $1.39

$1.02 $1.02

36.27%

Lettuce (1 head)

$0.70 $0.70

$0.48 $0.48

45.83%

Water (1.5 liter bottle)

$0.97 $0.97

Cigarettes 20 Pack (Marlboro, Camel)

$6.09 $6.09

$5.89 $5.89

3.40%

Wine (Bottle)

$12.11 $12.11

$11.85 $11.85

2.19%

Local Beer (0.5 liter bottle)

$1.63 $1.63

Imported Beer (0.33 liter bottle)

$2.12 $2.12

$2.23 $2.23

-4.93%

One-way Ticket (Public Transport)

$0.33 $0.33

$0.36 $0.36

-8.33%

Public Transport Monthly Pass (Regular Price)

$20.99 $20.99

$24.20 $24.20

-13.26%

Taxi Start (Normal Tariff)

$2.83 $2.83

$1.26 $1.26

124.60%

Taxi (Normal Tariff) (1km)

$2.70 $2.70

$0.98 $0.98

175.51%

Taxi 1hour Waiting (Normal Tariff)

$9.82 $9.82

$9.84 $9.84

-0.20%

Gasoline (1 liter)

$0.67 $0.67

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

$25.3K $25.3K

$25.1K $25.1K

0.93%

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

$29.6K $29.6K

$29.0K $29.0K

2.24%

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

$107 $107

$37.36 $37.36

186.78%

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

$13.46 $13.46

$13.82 $13.82

-2.60%

Internet (50+ Mbps, Unlimited Data)

$31.64 $31.64

$32.29 $32.29

-2.01%

Gym Membership (Monthly)

$35.50 $35.50

$29.71 $29.71

19.49%

Tennis Court (1 Hour on Weekend)

$46.72 $46.72

$14.42 $14.42

223.99%

Cinema Ticket

$7.80 $7.80

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

$312 $312

$313 $313

-0.36%

International Primary School, 1 Child (Yearly)

$5,902 $5,902

$5,863 $5,863

0.68%

Jeans (Levis 501 Or Similar)

$52.9 $52.9

$52.2 $52.2

1.44%

Summer Dress (H&M, Zara, etc)

$43.13 $43.13

$42.73 $42.73

0.94%

Sport Shoes (Adidas, Nike)

$103 $103

$101 $101

1.41%

Men's Leather Business Shoes

$111 $111

$112 $112

-0.61%

1-bedroom Apartment, City Center (Monthly)

$339 $339

$337 $337

0.56%

1-bedroom Apartment, Outside City Center (Monthly)

$371 $371

$314 $314

18.17%

3-bedroom Apartment, City Center (Monthly)

$516 $516

$614 $614

-15.97%

3-bedroom Apartment, Outside City Center (Monthly)

$700 $700

$503 $503

39.14%

Buy Apartment in City Center (m2)

$2,272 $2,272

$1,117 $1,117

103.30%

Buy Apartment Outside City Center (m2)

$1,417 $1,417

$790 $790

79.43%

Average Monthly Net Salary (After Tax)

$582 $582

20-Year Fixed Mortgage Interest Rate (Annual %)

9.35

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

Last update for Guayaquil: July 25, 2026

Last update for Banos: July 25, 2026

Cost Breakdown

A one-bedroom apartment in the center runs $339 in Guayaquil and $337 in Banos. Housing cost is often the main lever when comparing two cities.

Dining out: $48.00 in Guayaquil vs $30.00 in Banos for a mid-range dinner for two. Groceries echo the gap at $198 vs $178 per month, with Banos cheaper across the board.

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

Guayaquil vs Banos: Cost of Living - Frequently Asked Questions

Banos wins on cost – living expenses run 21% lower than in Guayaquil. 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 $1,621 in Guayaquil and $1,343 in Banos 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: $339 in Guayaquil versus $337 in Banos. Housing is usually the single largest factor when comparing overall living costs between the two.

Supermarket bills run roughly 11% higher in Guayaquil. For households that cook at home regularly, that difference adds up over a month.

Dining out is cheaper in Banos – a meal for two runs $30.00 versus $48.00 in Guayaquil. If you eat out regularly, this makes a real dent in your monthly spending.

Either city works on $800 a month, though Banos gives you more room to save. At this income level, the choice is more about lifestyle than financial pressure.

Both work as nomad bases, but Banos delivers better value – similar infrastructure at $895 monthly. If stretching your runway or maximizing savings is the goal, the price difference makes Banos hard to pass up.

Safety-wise, Guayaquil and Banos are on par. Petty crime is typical for cities this size, and most residents feel comfortable going about their daily routines in either place.

Expats usually find Banos gentler on the wallet – expenses run 21% less than in Guayaquil. Beyond cost, consider language, visa policies, and how big the international community is in each city.