Cost of Living Comparison Between Guayaquil and Quevedo Cost of Living Comparison Between Guayaquil and Quevedo

Monthly Cost of Living

A single person spends $1,040 per month in Guayaquil vs $954 in Quevedo, rent included.

A couple spends around $1,693 per month in Guayaquil vs $1,450 in Quevedo, rent included.

A family of three spends $2,346 per month in Guayaquil vs $1,945 in Quevedo, rent included.

Guayaquil costs about 9% more than Quevedo, driven mainly by Groceries & Markets.

Both Guayaquil and Quevedo are more affordable than the global median – Guayaquil 22% lower, Quevedo 29% lower.

Meal at Budget Restaurant

$3.44 $3.44

$4.61 $4.61

-25.38%

Three-Course Dinner for Two, Mid-Range

$47.55 $47.55

$32.57 $32.57

45.99%

Fast Food Meal (McDonalds, etc)

$8.05 $8.05

$7.17 $7.17

12.27%

Cappuccino

$2.53 $2.53

$2.93 $2.93

-13.65%

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

$0.84 $0.84

$1.12 $1.12

-25.00%

Water (0.33 liter bottle)

$0.62 $0.62

$0.66 $0.66

-6.06%

Local Beer (0.5 liter draught)

$2.95 $2.95

$2.02 $2.02

46.04%

Imported Beer (0.33 liter bottle)

$4.41 $4.41

$4.09 $4.09

7.82%

Milk (1 liter)

$1.10 $1.10

$1.07 $1.07

2.80%

White Bread (500g)

$1.74 $1.74

$1.50 $1.50

16.00%

Rice (white) (1kg)

$1.77 $1.77

$1.78 $1.78

-0.56%

Eggs

$2.61 $2.61

$2.34 $2.34

11.54%

Local Cheese (1kg)

$5.91 $5.91

$8.41 $8.41

-29.73%

Chicken Fillets (1kg)

$5.37 $5.37

$7.62 $7.62

-29.53%

Beef Round Steak (1kg)

$6.34 $6.34

$8.20 $8.20

-22.68%

Apples (1kg)

$2.09 $2.09

$2.01 $2.01

3.98%

Banana (1kg)

$1.54 $1.54

$1.20 $1.20

28.33%

Oranges (1kg)

$1.04 $1.04

$1.03 $1.03

0.97%

Tomato (1kg)

$1.20 $1.20

$1.29 $1.29

-6.98%

Potato (1kg)

$1.82 $1.82

$1.44 $1.44

26.39%

Onion (1kg)

$1.41 $1.41

$1.06 $1.06

33.02%

Lettuce (1 head)

$0.70 $0.70

$0.84 $0.84

-16.67%

Water (1.5 liter bottle)

$0.99 $0.99

$1.06 $1.06

-6.60%

Cigarettes 20 Pack (Marlboro, Camel)

$6.13 $6.13

$6.07 $6.07

0.99%

Wine (Bottle)

$12.12 $12.12

$10.09 $10.09

20.12%

Local Beer (0.5 liter bottle)

$1.57 $1.57

Imported Beer (0.33 liter bottle)

$2.13 $2.13

$2.87 $2.87

-25.78%

One-way Ticket (Public Transport)

$0.36 $0.36

$0.34 $0.34

5.88%

Public Transport Monthly Pass (Regular Price)

$20.98 $20.98

$23.69 $23.69

-11.44%

Taxi Start (Normal Tariff)

$2.72 $2.72

$1.47 $1.47

85.03%

Taxi (Normal Tariff) (1km)

$2.79 $2.79

$1.47 $1.47

89.80%

Taxi 1hour Waiting (Normal Tariff)

$9.81 $9.81

$9.83 $9.83

-0.20%

Gasoline (1 liter)

$0.68 $0.68

$0.72 $0.72

-5.56%

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

$25.3K $25.3K

$20.3K $20.3K

24.33%

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

$29.1K $29.1K

$25.3K $25.3K

14.94%

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

$109 $109

$34.58 $34.58

216.40%

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

$13.43 $13.43

$14.15 $14.15

-5.09%

Internet (50+ Mbps, Unlimited Data)

$32.21 $32.21

$28.73 $28.73

12.11%

Gym Membership (Monthly)

$35.35 $35.35

$30.57 $30.57

15.64%

Tennis Court (1 Hour on Weekend)

$47.24 $47.24

$14.58 $14.58

224.01%

Cinema Ticket

$7.56 $7.56

$6.99 $6.99

8.15%

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

$310 $310

$282 $282

10.16%

International Primary School, 1 Child (Yearly)

$5,810 $5,810

$8,636 $8,636

-32.72%

Jeans (Levis 501 Or Similar)

$52.0 $52.0

$56.3 $56.3

-7.69%

Summer Dress (H&M, Zara, etc)

$43.76 $43.76

$43.41 $43.41

0.81%

Sport Shoes (Adidas, Nike)

$104 $104

$99.4 $99.4

4.50%

Men's Leather Business Shoes

$113 $113

$87.0 $87.0

29.70%

1-bedroom Apartment, City Center (Monthly)

$336 $336

$342 $342

-1.62%

1-bedroom Apartment, Outside City Center (Monthly)

$364 $364

$319 $319

14.05%

3-bedroom Apartment, City Center (Monthly)

$517 $517

$624 $624

-17.06%

3-bedroom Apartment, Outside City Center (Monthly)

$712 $712

$501 $501

42.28%

Buy Apartment in City Center (m2)

$2,290 $2,290

$1,265 $1,265

81.04%

Buy Apartment Outside City Center (m2)

$1,523 $1,523

$870 $870

75.11%

Average Monthly Net Salary (After Tax)

$578 $578

20-Year Fixed Mortgage Interest Rate (Annual %)

9.35

11.19

-16.44%

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

Last update for Guayaquil: April 27, 2026

Last update for Quevedo: April 28, 2026

Cost Breakdown

A central one-bedroom costs $336 in Guayaquil versus $342 in Quevedo. 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 $33.00 in Quevedo. Groceries tell a different story – $199 in Guayaquil vs $214 in Quevedo – so Guayaquil wins on supermarket bills even if dining out costs more.

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 Quevedo: Cost of Living - Frequently Asked Questions

Yes – Guayaquil is pricier by about 9%, 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 $1,432 in Quevedo. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

Rent is clearly cheaper in Quevedo, 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 $282 in Quevedo. For families with young kids, this one expense can tip the scales when choosing between the two cities.

Interestingly, groceries are about 8% cheaper in Guayaquil – one category where the pricier city actually offers better value, probably thanks to stronger retail competition or local farming.

A $2,000 monthly budget goes further in Quevedo, where all-in costs run around $954, than in Guayaquil at $1,040. In Quevedo it covers expenses comfortably, while in Guayaquil it requires careful planning or may not stretch far enough.

Families tend to lean toward Quevedo – 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 Quevedo. 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.