Cost of Living Comparison Between Guayaquil and Latacunga Cost of Living Comparison Between Guayaquil and Latacunga

Monthly Cost of Living

A single person spends $1,040 per month in Guayaquil vs $672 in Latacunga, rent included.

A couple spends around $1,693 per month in Guayaquil vs $1,085 in Latacunga, rent included.

A family of three spends $2,346 per month in Guayaquil vs $1,498 in Latacunga, rent included.

Guayaquil costs about 55% more than Latacunga, driven mainly by Groceries & Markets.

Both Guayaquil and Latacunga are more affordable than the global median – Guayaquil 22% lower, Latacunga 50% lower.

Meal at Budget Restaurant

$3.44 $3.44

$2.44 $2.44

40.98%

Three-Course Dinner for Two, Mid-Range

$47.55 $47.55

$27.80 $27.80

71.04%

Fast Food Meal (McDonalds, etc)

$8.05 $8.05

$8.19 $8.19

-1.71%

Cappuccino

$2.53 $2.53

$2.51 $2.51

0.80%

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

$0.84 $0.84

$0.85 $0.85

-1.18%

Water (0.33 liter bottle)

$0.62 $0.62

Local Beer (0.5 liter draught)

$2.95 $2.95

Imported Beer (0.33 liter bottle)

$4.41 $4.41

$4.55 $4.55

-3.08%

Milk (1 liter)

$1.10 $1.10

$1.13 $1.13

-2.65%

White Bread (500g)

$1.74 $1.74

$1.68 $1.68

3.57%

Rice (white) (1kg)

$1.77 $1.77

$1.02 $1.02

73.53%

Eggs

$2.61 $2.61

$1.82 $1.82

43.41%

Local Cheese (1kg)

$5.91 $5.91

$4.91 $4.91

20.37%

Chicken Fillets (1kg)

$5.37 $5.37

$5.29 $5.29

1.51%

Beef Round Steak (1kg)

$6.34 $6.34

$6.21 $6.21

2.09%

Apples (1kg)

$2.09 $2.09

$2.12 $2.12

-1.42%

Banana (1kg)

$1.54 $1.54

$1.05 $1.05

46.67%

Oranges (1kg)

$1.04 $1.04

$1.06 $1.06

-1.89%

Tomato (1kg)

$1.20 $1.20

$1.03 $1.03

16.50%

Potato (1kg)

$1.82 $1.82

$0.98 $0.98

85.71%

Onion (1kg)

$1.41 $1.41

$0.98 $0.98

43.88%

Lettuce (1 head)

$0.70 $0.70

$0.48 $0.48

45.83%

Water (1.5 liter bottle)

$0.99 $0.99

$0.97 $0.97

2.06%

Cigarettes 20 Pack (Marlboro, Camel)

$6.13 $6.13

$5.92 $5.92

3.55%

Wine (Bottle)

$12.12 $12.12

$10.04 $10.04

20.72%

Local Beer (0.5 liter bottle)

$1.57 $1.57

$1.51 $1.51

3.97%

Imported Beer (0.33 liter bottle)

$2.13 $2.13

$2.22 $2.22

-4.05%

One-way Ticket (Public Transport)

$0.36 $0.36

$0.37 $0.37

-2.70%

Public Transport Monthly Pass (Regular Price)

$20.98 $20.98

$23.46 $23.46

-10.57%

Taxi Start (Normal Tariff)

$2.72 $2.72

$1.46 $1.46

86.30%

Taxi (Normal Tariff) (1km)

$2.79 $2.79

$1.48 $1.48

88.51%

Taxi 1hour Waiting (Normal Tariff)

$9.81 $9.81

Gasoline (1 liter)

$0.68 $0.68

$0.66 $0.66

3.03%

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

$25.3K $25.3K

$24.9K $24.9K

1.38%

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

$29.1K $29.1K

$28.8K $28.8K

1.05%

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

$109 $109

$36.88 $36.88

196.66%

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

$13.43 $13.43

$13.61 $13.61

-1.32%

Internet (50+ Mbps, Unlimited Data)

$32.21 $32.21

$32.40 $32.40

-0.59%

Gym Membership (Monthly)

$35.35 $35.35

$29.99 $29.99

17.87%

Tennis Court (1 Hour on Weekend)

$47.24 $47.24

$14.84 $14.84

218.33%

Cinema Ticket

$7.56 $7.56

$7.59 $7.59

-0.40%

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

$310 $310

$315 $315

-1.52%

International Primary School, 1 Child (Yearly)

$5,810 $5,810

$5,795 $5,795

0.25%

Jeans (Levis 501 Or Similar)

$52.0 $52.0

$52.9 $52.9

-1.70%

Summer Dress (H&M, Zara, etc)

$43.76 $43.76

$44.14 $44.14

-0.86%

Sport Shoes (Adidas, Nike)

$104 $104

$102 $102

1.60%

Men's Leather Business Shoes

$113 $113

$110 $110

2.75%

1-bedroom Apartment, City Center (Monthly)

$336 $336

$120 $120

179.29%

1-bedroom Apartment, Outside City Center (Monthly)

$364 $364

$81.1 $81.1

348.42%

3-bedroom Apartment, City Center (Monthly)

$517 $517

$255 $255

103.24%

3-bedroom Apartment, Outside City Center (Monthly)

$712 $712

$198 $198

258.98%

Buy Apartment in City Center (m2)

$2,290 $2,290

$1,122 $1,122

104.06%

Buy Apartment Outside City Center (m2)

$1,523 $1,523

$749 $749

103.27%

Average Monthly Net Salary (After Tax)

$578 $578

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: April 27, 2026

Last update for Latacunga: April 26, 2026

Cost Breakdown

A central one-bedroom costs $336 in Guayaquil versus $120 in Latacunga. 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 $48.00 in Guayaquil versus $28.00 in Latacunga. Monthly groceries follow the same trend: $199 vs $176 – making Latacunga the more affordable choice for daily food spending.

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 Latacunga: Cost of Living - Frequently Asked Questions

Yes – Guayaquil is pricier by about 55%, and the gap shows up most in Groceries & Markets. It's not just housing either; the difference applies across most spending categories.

For a comfortable life, plan on about $1,560 per month in Guayaquil and $1,008 in Latacunga. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

Rent is clearly cheaper in Latacunga, especially for central apartments. Housing is actually the single biggest factor behind the overall cost gap between these two cities.

Kindergarten costs $310 per month in Guayaquil and $315 in Latacunga. For families with young kids, this one expense can tip the scales when choosing between the two cities.

Groceries cost about 13% more in Guayaquil, though it depends on what you buy. Local produce may be comparable; imported and premium items show the biggest price gap.

$1,200 covers both cities comfortably – all-in costs are $1,040 in Guayaquil and $672 in Latacunga, leaving budget for savings and extras in both cases.

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

If budget matters most, go with Latacunga. If higher salaries, better infrastructure, or specific career opportunities are the priority, Guayaquil makes more sense. Both are solid long-term options with distinct trade-offs.