Last update: Nov 2026

Cost of Living Comparison Between Guayaquil and Ibarra

For one person, living is cheaper in Ibarra: $664 a month against $1,281 in Guayaquil, rent and utilities included – about $7,400 less a year. Rent and utilities account for most of the difference.

61

Cost of Living Index in Guayaquil
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Guayaquil Living Index
32

Cost of Living Index in Ibarra
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Ibarra Living Index

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Guayaquil

🇪🇨 Ecuador

$1,281

/mo nomad

Ibarra

🇪🇨 Ecuador

$664

/mo nomad

Monthly Cost of Living

How much you'll spend in Guayaquil and in Ibarra

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

A single person spends $1,281 per month in Guayaquil vs $664 in Ibarra, rent included.

Guayaquil $1,281
Ibarra $664

A couple spends around $1,944 per month in Guayaquil vs $1,152 in Ibarra, rent included.

Guayaquil $1,944
Ibarra $1,152

A family of three spends $2,607 per month in Guayaquil vs $1,639 in Ibarra, rent included.

Guayaquil $2,607
Ibarra $1,639

Guayaquil costs about 93% more than Ibarra, and outside of rent the biggest gap is in eating out.

Both Guayaquil and Ibarra are more affordable than the global median – Guayaquil 5% lower, Ibarra 51% lower.

Meal at Budget Restaurant

$4.10 $4.10

$2.66 $2.66

54.14%

Three-Course Dinner for Two, Mid-Range

$50.2 $50.2

$25.40 $25.40

97.68%

Fast Food Meal (McDonalds, etc)

$8.92 $8.92

$5.88 $5.88

51.70%

Cappuccino

$2.72 $2.72

$2.23 $2.23

21.97%

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

$0.84 $0.84

$1.05 $1.05

-20.00%

Water (0.33 liter bottle)

$0.64 $0.64

$0.56 $0.56

14.29%

Local Beer (0.5 liter draught)

$3.02 $3.02

$1.98 $1.98

52.53%

Imported Beer (0.33 liter bottle)

$4.35 $4.35

$2.27 $2.27

91.63%

Milk (1 liter)

$1.17 $1.17

$0.99 $0.99

18.18%

White Bread (500g)

$2.01 $2.01

$1.02 $1.02

97.06%

Rice (white) (1kg)

$1.45 $1.45

$1.46 $1.46

-0.68%

Eggs

$2.06 $2.06

$2.13 $2.13

-3.29%

Local Cheese (1kg)

$6.78 $6.78

$3.79 $3.79

78.89%

Chicken Fillets (1kg)

$5.10 $5.10

$5.33 $5.33

-4.32%

Beef Round Steak (1kg)

$9.45 $9.45

$7.76 $7.76

21.78%

Apples (1kg)

$1.53 $1.53

$2.01 $2.01

-23.88%

Banana (1kg)

$1.18 $1.18

$1.20 $1.20

-1.67%

Oranges (1kg)

$0.98 $0.98

$1.33 $1.33

-26.32%

Tomato (1kg)

$0.95 $0.95

$0.92 $0.92

3.26%

Potato (1kg)

$1.28 $1.28

$0.48 $0.48

166.67%

Onion (1kg)

$0.91 $0.91

$1.02 $1.02

-10.78%

Lettuce (1 head)

$0.83 $0.83

$0.70 $0.70

18.57%

Water (1.5 liter bottle)

$0.94 $0.94

$1.03 $1.03

-8.74%

Cigarettes 20 Pack (Marlboro, Camel)

$5.87 $5.87

$3.02 $3.02

94.37%

Wine (Bottle)

$12.21 $12.21

$8.73 $8.73

39.86%

Local Beer (0.5 liter bottle)

$1.54 $1.54

$1.53 $1.53

0.65%

Imported Beer (0.33 liter bottle)

$2.20 $2.20

$3.15 $3.15

-30.16%

One-way Ticket (Public Transport)

$0.36 $0.36

$0.37 $0.37

-2.70%

Public Transport Monthly Pass (Regular Price)

$26.28 $26.28

Taxi Start (Normal Tariff)

$2.82 $2.82

$1.52 $1.52

85.53%

Taxi (Normal Tariff) (1km)

$1.53 $1.53

$1.47 $1.47

4.08%

Taxi 1hour Waiting (Normal Tariff)

$12.06 $12.06

$9.82 $9.82

22.81%

Gasoline (1 liter)

$0.80 $0.80

$0.69 $0.69

15.94%

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

$22.7K $22.7K

$22.9K $22.9K

-1.09%

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

$30.7K $30.7K

$30.0K $30.0K

2.64%

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

$130 $130

$28.33 $28.33

360.43%

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

$14.70 $14.70

$14.95 $14.95

-1.67%

Internet (50+ Mbps, Unlimited Data)

$25.68 $25.68

$18.29 $18.29

40.40%

Gym Membership (Monthly)

$44.56 $44.56

$29.75 $29.75

49.78%

Tennis Court (1 Hour on Weekend)

$27.30 $27.30

$16.24 $16.24

68.10%

Cinema Ticket

$7.52 $7.52

$6.64 $6.64

13.25%

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

$368 $368

$111 $111

230.59%

International Primary School, 1 Child (Yearly)

$9,002 $9,002

$8,911 $8,911

1.02%

Jeans (Levis 501 Or Similar)

$65.8 $65.8

$59.7 $59.7

10.21%

Summer Dress (H&M, Zara, etc)

$39.98 $39.98

$45.20 $45.20

-11.55%

Sport Shoes (Adidas, Nike)

$125 $125

$91.6 $91.6

36.10%

Men's Leather Business Shoes

$93.4 $93.4

$50.6 $50.6

84.71%

1-bedroom Apartment, City Center (Monthly)

$653 $653

$228 $228

185.94%

1-bedroom Apartment, Outside City Center (Monthly)

$545 $545

$178 $178

205.65%

3-bedroom Apartment, City Center (Monthly)

$976 $976

$817 $817

19.50%

3-bedroom Apartment, Outside City Center (Monthly)

$940 $940

$508 $508

84.95%

Buy Apartment in City Center (m2)

$2,009 $2,009

$759 $759

164.78%

Buy Apartment Outside City Center (m2)

$1,201 $1,201

$625 $625

92.26%

Average Monthly Net Salary (After Tax)

$613 $613

$603 $603

1.66%

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 Guayaquil: November 1, 2026

Last update for Ibarra: November 1, 2026

Monthly budget structure

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

Accommodation & Living

Guayaquil

$545 42.5%

Ibarra

$178 26.9% 67.3% $367

Groceries & Markets

Guayaquil

$200 15.6%

Ibarra

$173 26.1% 13.6% $27

Monthly Utilities & Internet

Guayaquil

$171 13.3%

Ibarra

$62 9.3% 64% $109

Clothing & Footwear

Guayaquil

$146 11.4%

Ibarra

$111 16.7% 23.7% $35

Eating Out

Guayaquil

$122 9.5%

Ibarra

$87 13% 29% $35

Sport & Entertainment

Guayaquil

$60 4.7%

Ibarra

$43 6.5% 27.8% $17

Getting Around

Guayaquil

$38 3%

Ibarra

$10 * 1.6% 73% $28

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

Cost Breakdown

A central one-bedroom costs $653 in Guayaquil versus $228 in Ibarra. Rent is usually the largest line item in a monthly budget, so the gap here sets the tone for the overall comparison.

A mid-range dinner for two costs $50 in Guayaquil versus $25 in Ibarra. Monthly groceries follow the same trend: $200 vs $173 – making Ibarra the more affordable choice for daily food spending.

Good to know

🇪🇨 Guayaquil

🇪🇨 Ibarra

🕒 Local time

17:03 5:03 PM

Same time as Guayaquil

🌤 Weather

👥 Population

3,500,000

108,666

💱 Currency

United States Dollar USD $

📈 Exchange rate

1 USD = 0.894 EUR

Exchange rates and currency converter

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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

Guayaquil vs Ibarra: Cost of Living - Frequently Asked Questions

Yes – Guayaquil is pricier by about 93%, and outside of rent the gap shows up most in eating out.

For a comfortable life, plan on about $1,922 per month in Guayaquil and $996 in Ibarra. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

Rent is clearly cheaper in Ibarra, especially for central apartments: a one-bedroom in the center costs $228 there versus $653 in Guayaquil.

A mid-range dinner for two costs $50 in Guayaquil and $25 in Ibarra. That’s a good indicator of the overall restaurant and café pricing gap between the two cities.

Groceries cost about 16% more in Guayaquil, though the gap depends on what you buy.

A $800 monthly budget goes further in Ibarra, where all-in costs run around $664, than in Guayaquil at $1,281. In Ibarra it covers expenses comfortably, while in Guayaquil it requires careful planning or may not stretch far enough.

Families tend to lean toward Ibarra – lower housing and cheaper childcare make a real difference, especially on a single income or when paying for private education.