Last update: Oct 2026

Cost of Living Comparison Between Guayaquil and Toronto

For one person, living is cheaper in Guayaquil: $1,140 a month against $2,530 in Toronto, rent and utilities included – about $16,700 less a year. Rent and utilities account for most of the difference.

55

Cost of Living Index in Guayaquil
Learn more

Guayaquil Living Index
125

Cost of Living Index in Toronto
Learn more

Toronto Living Index

Jump to prices

Guayaquil

🇪🇨 Ecuador

$1,140

/mo nomad

Toronto

🇨🇦 Canada

$2,530

/mo nomad

Monthly Cost of Living

How much you'll spend in Guayaquil and in Toronto

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

A single person spends $1,140 per month in Guayaquil vs $2,530 in Toronto, rent included.

Guayaquil $1,140
Toronto $2,530

A couple spends around $1,766 per month in Guayaquil vs $3,646 in Toronto, rent included.

Guayaquil $1,766
Toronto $3,646

A family of three spends $2,392 per month in Guayaquil vs $4,761 in Toronto, rent included.

Guayaquil $2,392
Toronto $4,761

Guayaquil is about 55% cheaper than Toronto, and outside of rent the biggest gap is in eating out.

Guayaquil sits 15% below the global median, while Toronto is 89% above – they fall on opposite sides of the world average.

Meal at Budget Restaurant

$3.90 $3.90

$17.67 CA$25.19

-77.93%

Three-Course Dinner for Two, Mid-Range

$52.0 $52.0

$77.4 CA$110

-32.86%

Fast Food Meal (McDonalds, etc)

$9.25 $9.25

$10.47 CA$14.93

-11.65%

Cappuccino

$2.80 $2.80

$4.08 CA$5.81

-31.37%

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

$0.87 $0.87

$2.12 CA$3.02

-58.96%

Water (0.33 liter bottle)

$0.71 $0.71

$1.76 CA$2.51

-59.66%

Local Beer (0.5 liter draught)

$3.07 $3.07

$6.17 CA$8.80

-50.24%

Imported Beer (0.33 liter bottle)

$4.20 $4.20

$6.89 CA$9.82

-39.04%

Milk (1 liter)

$1.16 $1.16

$2.43 CA$3.46

-52.26%

White Bread (500g)

$1.98 $1.98

$2.75 CA$3.92

-28.00%

Rice (white) (1kg)

$1.43 $1.43

$2.23 CA$3.18

-35.87%

Eggs

$2.04 $2.04

$3.45 CA$4.91

-40.87%

Local Cheese (1kg)

$7.09 $7.09

$8.93 CA$12.73

-20.60%

Chicken Fillets (1kg)

$5.09 $5.09

$11.44 CA$16.31

-55.51%

Beef Round Steak (1kg)

$8.98 $8.98

$14.61 CA$20.83

-38.54%

Apples (1kg)

$1.46 $1.46

$3.75 CA$5.34

-61.07%

Banana (1kg)

$1.19 $1.19

$1.15 CA$1.64

3.48%

Oranges (1kg)

$0.98 $0.98

$3.55 CA$5.06

-72.39%

Tomato (1kg)

$0.96 $0.96

$4.28 CA$6.10

-77.57%

Potato (1kg)

$1.24 $1.24

$1.85 CA$2.63

-32.97%

Onion (1kg)

$0.93 $0.93

$1.67 CA$2.38

-44.31%

Lettuce (1 head)

$0.83 $0.83

$2.22 CA$3.16

-62.61%

Water (1.5 liter bottle)

$1.03 $1.03

$1.21 CA$1.72

-14.88%

Cigarettes 20 Pack (Marlboro, Camel)

$5.86 $5.86

$13.88 CA$19.78

-57.78%

Wine (Bottle)

$11.93 $11.93

$14.25 CA$20.31

-16.28%

Local Beer (0.5 liter bottle)

$1.49 $1.49

$2.20 CA$3.13

-32.27%

Imported Beer (0.33 liter bottle)

$2.22 $2.22

$2.42 CA$3.45

-8.26%

One-way Ticket (Public Transport)

$0.33 $0.33

$2.42 CA$3.44

-86.36%

Public Transport Monthly Pass (Regular Price)

$19.95 $19.95

$111 CA$158

-81.98%

Taxi Start (Normal Tariff)

$2.70 $2.70

$2.90 CA$4.13

-6.90%

Taxi (Normal Tariff) (1km)

$1.74 $1.74

$1.26 CA$1.80

38.10%

Taxi 1hour Waiting (Normal Tariff)

$12.08 $12.08

$22.03 CA$31.40

-45.17%

Gasoline (1 liter)

$0.89 $0.89

$1.22 CA$1.74

-27.05%

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

$20.9K $20.9K

$27.6K CA$39.4K

-24.45%

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

$30.9K $30.9K

$19.8K CA$28.3K

56.13%

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

$127 $127

$122 CA$174

4.18%

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

$15.01 $15.01

$32.03 CA$45.66

-53.14%

Internet (50+ Mbps, Unlimited Data)

$25.75 $25.75

$47.92 CA$68.3

-46.26%

Gym Membership (Monthly)

$46.73 $46.73

$38.90 CA$55.5

20.13%

Tennis Court (1 Hour on Weekend)

$26.66 $26.66

$23.24 CA$33.12

14.72%

Cinema Ticket

$7.57 $7.57

$12.61 CA$17.97

-39.97%

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

$403 $403

$834 CA$1,189

-51.62%

International Primary School, 1 Child (Yearly)

$6,002 $6,002

$23.3K CA$33.3K

-74.28%

Jeans (Levis 501 Or Similar)

$64.6 $64.6

$52.6 CA$75.0

22.87%

Summer Dress (H&M, Zara, etc)

$40.19 $40.19

$40.26 CA$57.4

-0.17%

Sport Shoes (Adidas, Nike)

$125 $125

$96.2 CA$137

29.89%

Men's Leather Business Shoes

$93.6 $93.6

$123 CA$175

-23.83%

1-bedroom Apartment, City Center (Monthly)

$477 $477

$1,598 CA$2,278

-70.15%

1-bedroom Apartment, Outside City Center (Monthly)

$390 $390

$1,435 CA$2,045

-72.81%

3-bedroom Apartment, City Center (Monthly)

$795 $795

$2,657 CA$3,787

-70.06%

3-bedroom Apartment, Outside City Center (Monthly)

$739 $739

$2,096 CA$2,988

-64.73%

Buy Apartment in City Center (m2)

$2,298 $2,298

$8,033 CA$11.5K

-71.40%

Buy Apartment Outside City Center (m2)

$1,445 $1,445

$6,557 CA$9,347

-77.97%

Average Monthly Net Salary (After Tax)

$626 $626

$3,743 CA$5,335

-83.27%

20-Year Fixed Mortgage Interest Rate (Annual %)

10.05

4.47

124.83%

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

Last update for Guayaquil: October 4, 2026

Last update for Toronto: October 4, 2026

Monthly budget structure

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

Accommodation & Living

Guayaquil

$390 34.8%

Toronto

$1.4K 55.4% 268% $1K

Groceries & Markets

Guayaquil

$199 17.8%

Toronto

$340 13.1% 70.9% $141

Monthly Utilities & Internet

Guayaquil

$168 15%

Toronto

$202 7.8% 20.3% $34

Clothing & Footwear

Guayaquil

$146 13%

Toronto

$140 5.4% 3.5% $5.1

Eating Out

Guayaquil

$123 11%

Toronto

$282 10.9% 130% $159

Sport & Entertainment

Guayaquil

$62 5.5%

Toronto

$64 2.5% 3.6% $2.2

Getting Around

Guayaquil

$33 2.9%

Toronto

$130 5% 297% $97

Cost Breakdown

A central one-bedroom costs $477 in Guayaquil versus $1,598 in Toronto. Rent is usually the largest line item in a monthly budget, so the gap here sets the tone for the overall comparison.

Salaries run about 498% higher in Toronto, which partly offsets the higher cost of living there. Purchasing power depends on which expenses matter most to you.

A mid-range dinner for two costs $52.0 in Guayaquil versus $77.0 in Toronto. Monthly groceries follow the same trend: $199 vs $340 – making Guayaquil the more affordable choice for daily food spending.

Good to know

🇪🇨 Guayaquil

🇨🇦 Toronto

🕒 Local time

05:22 5:22 AM

06:22 6:22 AM

1 h ahead of Guayaquil

🌤 Weather

👥 Population

3,500,000

2,731,571

💱 Currency

United States Dollar USD $

Canadian Dollar CAD $

📈 Exchange rate

1 USD = 0.892 EUR

1 CAD = 0.702 USD

1 CAD = 0.626 EUR

Exchange rates and currency converter

CAD, EUR to USD – United States Dollar Converter

🇨🇦 Canadian Dollar ($)

🇺🇸 United States Dollar ($)

United States Dollar exchange rates as of October 10, 2026: 1 EUR = 1.12 USD (1 USD = 0.892 EUR).

Canadian Dollar exchange rates as of October 10, 2026: 1 USD = 1.43 CAD (1 CAD = 0.702 USD). 1 EUR = 1.6 CAD (1 CAD = 0.626 EUR).

CAD to USD in detail →

On the map

Lowest

Highest

Between locations

Guayaquil Toronto 5,110 km ≈ 7 h nonstop flight

From you

Guayaquil
Toronto

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 Toronto: Cost of Living - Frequently Asked Questions

Yes – Toronto is pricier by about 122%, and outside of rent the gap shows up most in eating out.

For a comfortable life, plan on about $1,710 per month in Guayaquil and $3,795 in Toronto. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

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

Kindergarten costs $403 per month in Guayaquil and $834 in Toronto. For families with young kids, this one expense can tip the scales when choosing between the two cities.

Groceries cost about 71% more in Toronto, though it depends on what you buy. Local produce may be comparable; imported and premium items show the biggest price gap.

A $1,500 monthly budget goes further in Guayaquil, where all-in costs run around $1,140, than in Toronto at $2,530. In Guayaquil it covers expenses comfortably, while in Toronto it requires careful planning or may not stretch far enough.

Families tend to lean toward Guayaquil – 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 Guayaquil. If higher salaries, better infrastructure, or specific career opportunities are the priority, Toronto makes more sense. Both are solid long-term options with distinct trade-offs.