Last update: Oct 2026

Cost of Living Comparison Between Guayaquil and Latacunga

For one person, living is cheaper in Latacunga: $844 a month against $1,235 in Guayaquil, rent and utilities included – about $4,700 less a year. Rent and utilities account for most of the difference.

60

Cost of Living Index in Guayaquil
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Guayaquil Living Index
41

Cost of Living Index in Latacunga
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Latacunga Living Index

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Guayaquil

🇪🇨 Ecuador

$1,235

/mo nomad

Latacunga

🇪🇨 Ecuador

$844

/mo nomad

Monthly Cost of Living

How much you'll spend in Guayaquil and in Latacunga

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 Latacunga actually costs, broken down by who's living it.

A single person spends $1,235 per month in Guayaquil vs $844 in Latacunga, rent included.

Guayaquil $1,235
Latacunga $844

A couple spends around $1,918 per month in Guayaquil vs $1,324 in Latacunga, rent included.

Guayaquil $1,918
Latacunga $1,324

A family of three spends $2,600 per month in Guayaquil vs $1,803 in Latacunga, rent included.

Guayaquil $2,600
Latacunga $1,803

Guayaquil costs about 46% more than Latacunga, and outside of rent the biggest gap is in transport.

Both Guayaquil and Latacunga are more affordable than the global median – Guayaquil 9% lower, Latacunga 38% lower.

Meal at Budget Restaurant

$3.91 $3.91

$2.56 $2.56

52.73%

Three-Course Dinner for Two, Mid-Range

$53.3 $53.3

$27.74 $27.74

92.18%

Fast Food Meal (McDonalds, etc)

$8.76 $8.76

$9.04 $9.04

-3.10%

Cappuccino

$2.82 $2.82

$2.83 $2.83

-0.35%

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

$0.94 $0.94

$0.92 $0.92

2.17%

Water (0.33 liter bottle)

$0.68 $0.68

$0.48 $0.48

41.67%

Local Beer (0.5 liter draught)

$3.03 $3.03

$3.06 $3.06

-0.98%

Imported Beer (0.33 liter bottle)

$4.35 $4.35

$4.29 $4.29

1.40%

Milk (1 liter)

$1.22 $1.22

$1.17 $1.17

4.27%

White Bread (500g)

$1.93 $1.93

$1.99 $1.99

-3.02%

Rice (white) (1kg)

$1.45 $1.45

$1.02 $1.02

42.16%

Eggs

$2.06 $2.06

$1.76 $1.76

17.05%

Local Cheese (1kg)

$7.02 $7.02

$5.08 $5.08

38.19%

Chicken Fillets (1kg)

$5.23 $5.23

$5.02 $5.02

4.18%

Beef Round Steak (1kg)

$9.29 $9.29

$9.27 $9.27

0.22%

Apples (1kg)

$1.48 $1.48

$1.46 $1.46

1.37%

Banana (1kg)

$1.15 $1.15

$1.14 $1.14

0.88%

Oranges (1kg)

$0.98 $0.98

$0.97 $0.97

1.03%

Tomato (1kg)

$0.90 $0.90

Potato (1kg)

$1.23 $1.23

$1.01 $1.01

21.78%

Onion (1kg)

$0.93 $0.93

$0.98 $0.98

-5.10%

Lettuce (1 head)

$0.81 $0.81

$0.48 $0.48

68.75%

Water (1.5 liter bottle)

$0.97 $0.97

$1.00 $1.00

-3.00%

Cigarettes 20 Pack (Marlboro, Camel)

$5.90 $5.90

$5.97 $5.97

-1.17%

Wine (Bottle)

$12.15 $12.15

$10.18 $10.18

19.35%

Local Beer (0.5 liter bottle)

$1.56 $1.56

$1.48 $1.48

5.41%

Imported Beer (0.33 liter bottle)

$2.15 $2.15

$2.22 $2.22

-3.15%

One-way Ticket (Public Transport)

$0.34 $0.34

Public Transport Monthly Pass (Regular Price)

$20.71 $20.71

Taxi Start (Normal Tariff)

$2.72 $2.72

$1.51 $1.51

80.13%

Taxi (Normal Tariff) (1km)

$1.72 $1.72

$1.79 $1.79

-3.91%

Taxi 1hour Waiting (Normal Tariff)

$12.07 $12.07

$12.11 $12.11

-0.33%

Gasoline (1 liter)

$0.84 $0.84

$0.63 $0.63

33.33%

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

$23.1K $23.1K

$22.6K $22.6K

2.35%

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

$30.8K $30.8K

$31.1K $31.1K

-0.98%

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

$128 $128

$34.48 $34.48

272.16%

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

$14.99 $14.99

$14.78 $14.78

1.42%

Internet (50+ Mbps, Unlimited Data)

$25.69 $25.69

$25.63 $25.63

0.23%

Gym Membership (Monthly)

$44.63 $44.63

$29.18 $29.18

52.95%

Tennis Court (1 Hour on Weekend)

$26.98 $26.98

$16.01 $16.01

68.52%

Cinema Ticket

$7.55 $7.55

$7.54 $7.54

0.13%

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

$370 $370

$371 $371

-0.40%

International Primary School, 1 Child (Yearly)

$5,607 $5,607

$5,698 $5,698

-1.59%

Jeans (Levis 501 Or Similar)

$64.1 $64.1

$65.1 $65.1

-1.54%

Summer Dress (H&M, Zara, etc)

$40.54 $40.54

$41.22 $41.22

-1.65%

Sport Shoes (Adidas, Nike)

$126 $126

$123 $123

2.66%

Men's Leather Business Shoes

$93.4 $93.4

$91.5 $91.5

2.08%

1-bedroom Apartment, City Center (Monthly)

$656 $656

$427 $427

53.50%

1-bedroom Apartment, Outside City Center (Monthly)

$505 $505

$273 $273

84.58%

3-bedroom Apartment, City Center (Monthly)

$1,001 $1,001

$804 $804

24.54%

3-bedroom Apartment, Outside City Center (Monthly)

$929 $929

$499 $499

86.30%

Buy Apartment in City Center (m2)

$2,039 $2,039

Buy Apartment Outside City Center (m2)

$1,205 $1,205

Average Monthly Net Salary (After Tax)

$622 $622

20-Year Fixed Mortgage Interest Rate (Annual %)

10.05

0.50%

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

Last update for Guayaquil: October 27, 2026

Last update for Latacunga: October 26, 2026

Monthly budget structure

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

Accommodation & Living

Guayaquil

$505 40.9%

Latacunga

$273 32.4% 45.8% $231

Groceries & Markets

Guayaquil

$200 16.2%

Latacunga

$185 21.9% 7.8% $16

Monthly Utilities & Internet

Guayaquil

$169 13.7%

Latacunga

$75 8.9% 55.7% $94

Clothing & Footwear

Guayaquil

$146 11.8%

Latacunga

$144 17.1% 1.1% $1.6

Eating Out

Guayaquil

$122 9.9%

Latacunga

$111 13.2% 8.8% $11

Sport & Entertainment

Guayaquil

$60 4.8%

Latacunga

$44 5.2% 25.9% $15

Getting Around

Guayaquil

$33 2.7%

Latacunga

$12 * 1.4% 64.7% $22

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

Cost Breakdown

A central one-bedroom costs $656 in Guayaquil versus $427 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 $53 in Guayaquil versus $28 in Latacunga. Monthly groceries follow the same trend: $200 vs $185 – making Latacunga the more affordable choice for daily food spending.

Good to know

🇪🇨 Guayaquil

🇪🇨 Latacunga

🕒 Local time

23:46 11:46 PM

Same time as Guayaquil

🌤 Weather

👥 Population

3,500,000

57,127

💱 Currency

United States Dollar USD $

📈 Exchange rate

1 USD = 0.896 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 Latacunga: Cost of Living - Frequently Asked Questions

Yes – Guayaquil is pricier by about 46%, and outside of rent the gap shows up most in transport.

For a comfortable life, plan on about $1,852 per month in Guayaquil and $1,267 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: a one-bedroom in the center costs $427 there versus $656 in Guayaquil.

A mid-range dinner for two costs $53 in Guayaquil and $28 in Latacunga. That’s a good indicator of the overall restaurant and café pricing gap between the two cities.

Groceries cost about 8% more in Guayaquil, though the gap depends on what you buy.

A $1,200 monthly budget goes further in Latacunga, where all-in costs run around $844, than in Guayaquil at $1,235. In Latacunga it covers expenses comfortably, while in Guayaquil it requires careful planning or may not stretch far enough.

It depends on your priorities. Guayaquil has an edge in some lifestyle areas, with costs from $844 in Latacunga to $1,235 in Guayaquil. Climate, culture, job market, and personal taste all factor in.