Cost of Living Comparison Between Ibarra and Guayaquil Cost of Living Comparison Between Ibarra and Guayaquil

Monthly Cost of Living

A single person spends $618 per month in Ibarra vs $1,043 in Guayaquil, rent included.

A couple spends around $957 per month in Ibarra vs $1,654 in Guayaquil, rent included.

A family of three spends $1,295 per month in Ibarra vs $2,264 in Guayaquil, rent included.

Ibarra is about 41% cheaper than Guayaquil, driven mainly by Groceries & Markets.

Both Ibarra and Guayaquil are more affordable than the global median – Ibarra 54% lower, Guayaquil 22% lower.

Meal at Budget Restaurant

$2.95 $2.95

$3.55 $3.55

-16.90%

Three-Course Dinner for Two, Mid-Range

$24.70 $24.70

$47.65 $47.65

-48.16%

Fast Food Meal (McDonalds, etc)

$5.81 $5.81

$7.98 $7.98

-27.19%

Cappuccino

$2.23 $2.23

$2.54 $2.54

-12.20%

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

$0.76 $0.76

$0.89 $0.89

-14.61%

Water (0.33 liter bottle)

$0.45 $0.45

$0.61 $0.61

-26.23%

Local Beer (0.5 liter draught)

$0.98 $0.98

$3.09 $3.09

-68.28%

Imported Beer (0.33 liter bottle)

$1.95 $1.95

$4.57 $4.57

-57.33%

Milk (1 liter)

$0.94 $0.94

$1.09 $1.09

-13.76%

White Bread (500g)

$1.15 $1.15

$1.75 $1.75

-34.29%

Rice (white) (1kg)

$1.69 $1.69

$1.76 $1.76

-3.98%

Eggs

$1.42 $1.42

$2.53 $2.53

-43.87%

Local Cheese (1kg)

$2.79 $2.79

$5.93 $5.93

-52.95%

Chicken Fillets (1kg)

$2.93 $2.93

$5.19 $5.19

-43.55%

Beef Round Steak (1kg)

$6.10 $6.10

$6.43 $6.43

-5.13%

Apples (1kg)

$1.54 $1.54

$2.06 $2.06

-25.24%

Banana (1kg)

$0.64 $0.64

$1.54 $1.54

-58.44%

Oranges (1kg)

$1.08 $1.08

$1.09 $1.09

-0.92%

Tomato (1kg)

$0.77 $0.77

$1.16 $1.16

-33.62%

Potato (1kg)

$0.43 $0.43

$1.88 $1.88

-77.13%

Onion (1kg)

$1.02 $1.02

$1.42 $1.42

-28.17%

Lettuce (1 head)

$0.57 $0.57

$0.68 $0.68

-16.18%

Water (1.5 liter bottle)

$1.01 $1.01

Cigarettes 20 Pack (Marlboro, Camel)

$6.14 $6.14

$5.96 $5.96

3.02%

Wine (Bottle)

$9.86 $9.86

$12.01 $12.01

-17.90%

Local Beer (0.5 liter bottle)

$1.51 $1.51

$1.57 $1.57

-3.82%

Imported Beer (0.33 liter bottle)

$1.47 $1.47

$2.23 $2.23

-34.08%

One-way Ticket (Public Transport)

$0.43 $0.43

$0.34 $0.34

26.47%

Public Transport Monthly Pass (Regular Price)

$5.07 $5.07

$20.82 $20.82

-75.65%

Taxi Start (Normal Tariff)

$1.47 $1.47

$2.76 $2.76

-46.74%

Taxi (Normal Tariff) (1km)

$1.10 $1.10

$2.67 $2.67

-58.80%

Taxi 1hour Waiting (Normal Tariff)

$4.95 $4.95

$9.96 $9.96

-50.30%

Gasoline (1 liter)

$0.61 $0.61

$0.63 $0.63

-3.17%

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

$19.8K $19.8K

$24.7K $24.7K

-20.08%

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

$25.1K $25.1K

$28.9K $28.9K

-13.03%

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

$34.75 $34.75

$109 $109

-68.07%

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

$14.32 $14.32

$13.63 $13.63

5.06%

Internet (50+ Mbps, Unlimited Data)

$28.52 $28.52

$31.94 $31.94

-10.71%

Gym Membership (Monthly)

$29.77 $29.77

$35.49 $35.49

-16.12%

Tennis Court (1 Hour on Weekend)

$15.26 $15.26

$47.53 $47.53

-67.89%

Cinema Ticket

$4.10 $4.10

$7.72 $7.72

-46.89%

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

$91.2 $91.2

$308 $308

-70.45%

International Primary School, 1 Child (Yearly)

$8,676 $8,676

$5,870 $5,870

47.80%

Jeans (Levis 501 Or Similar)

$56.5 $56.5

$51.1 $51.1

10.40%

Summer Dress (H&M, Zara, etc)

$32.90 $32.90

$42.44 $42.44

-22.48%

Sport Shoes (Adidas, Nike)

$68.8 $68.8

$101 $101

-32.00%

Men's Leather Business Shoes

$75.9 $75.9

$112 $112

-32.30%

1-bedroom Apartment, City Center (Monthly)

$185 $185

$347 $347

-46.65%

1-bedroom Apartment, Outside City Center (Monthly)

$168 $168

$369 $369

-54.51%

3-bedroom Apartment, City Center (Monthly)

$247 $247

$511 $511

-51.64%

3-bedroom Apartment, Outside City Center (Monthly)

$246 $246

$713 $713

-65.46%

Buy Apartment in City Center (m2)

$746 $746

$2,301 $2,301

-67.60%

Buy Apartment Outside City Center (m2)

$624 $624

$1,568 $1,568

-60.24%

Average Monthly Net Salary (After Tax)

$598 $598

$577 $577

3.52%

20-Year Fixed Mortgage Interest Rate (Annual %)

11.19

9.35

19.68%

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

Last update for Ibarra: April 20, 2026

Last update for Guayaquil: April 21, 2026

Cost Breakdown

A central one-bedroom costs $185 in Ibarra versus $347 in Guayaquil. 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 4% higher in Ibarra, which reinforces the cost advantage – you earn more and spend less. Purchasing power leans clearly in its favor.

A mid-range dinner for two costs $25 in Ibarra versus $48 in Guayaquil. Monthly groceries follow the same trend: $142 vs $198 – making Ibarra 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

Ibarra vs Guayaquil: Cost of Living - Frequently Asked Questions

Yes – Guayaquil is pricier by about 69%, 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 $927 per month in Ibarra and $1,565 in Guayaquil. 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. Housing is actually the single biggest factor behind the overall cost gap between these two cities.

Kindergarten costs $91.2 per month in Ibarra and $308 in Guayaquil. For families with young kids, this one expense can tip the scales when choosing between the two cities.

Groceries cost about 39% more in Guayaquil, though it depends on what you buy. Local produce may be comparable; imported and premium items show the biggest price gap.

$800 covers both cities comfortably – all-in costs are $618 in Ibarra and $1,043 in Guayaquil, leaving budget for savings and extras in both cases.

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.

If budget matters most, go with Ibarra. 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.