Last update: Oct 2026

Cost of Living Comparison Between Toronto and Guayaquil

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.

125

Cost of Living Index in Toronto
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Toronto Living Index
55

Cost of Living Index in Guayaquil
Learn more

Guayaquil Living Index

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Toronto

🇨🇦 Canada

$2,530

/mo nomad

Guayaquil

🇪🇨 Ecuador

$1,140

/mo nomad

Monthly Cost of Living

How much you'll spend in Toronto and in Guayaquil

Real prices from locals and on-the-ground checks – rent, groceries, transit and the daily extras. Here's what a month in Toronto and in Guayaquil actually costs, broken down by who's living it.

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

Toronto $2,530
Guayaquil $1,140

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

Toronto $3,646
Guayaquil $1,766

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

Toronto $4,761
Guayaquil $2,392

Toronto costs about 122% more than Guayaquil, and outside of rent the biggest gap is in eating out.

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

Meal at Budget Restaurant

$17.67 CA$25.19

$3.90 $3.90

353.08%

Three-Course Dinner for Two, Mid-Range

$77.4 CA$110

$52.0 $52.0

48.95%

Fast Food Meal (McDonalds, etc)

$10.47 CA$14.93

$9.25 $9.25

13.19%

Cappuccino

$4.08 CA$5.81

$2.80 $2.80

45.71%

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

$2.12 CA$3.02

$0.87 $0.87

143.68%

Water (0.33 liter bottle)

$1.76 CA$2.51

$0.71 $0.71

147.89%

Local Beer (0.5 liter draught)

$6.17 CA$8.80

$3.07 $3.07

100.98%

Imported Beer (0.33 liter bottle)

$6.89 CA$9.82

$4.20 $4.20

64.05%

Milk (1 liter)

$2.43 CA$3.46

$1.16 $1.16

109.48%

White Bread (500g)

$2.75 CA$3.92

$1.98 $1.98

38.89%

Rice (white) (1kg)

$2.23 CA$3.18

$1.43 $1.43

55.94%

Eggs

$3.45 CA$4.91

$2.04 $2.04

69.12%

Local Cheese (1kg)

$8.93 CA$12.73

$7.09 $7.09

25.95%

Chicken Fillets (1kg)

$11.44 CA$16.31

$5.09 $5.09

124.75%

Beef Round Steak (1kg)

$14.61 CA$20.83

$8.98 $8.98

62.69%

Apples (1kg)

$3.75 CA$5.34

$1.46 $1.46

156.85%

Banana (1kg)

$1.15 CA$1.64

$1.19 $1.19

-3.36%

Oranges (1kg)

$3.55 CA$5.06

$0.98 $0.98

262.24%

Tomato (1kg)

$4.28 CA$6.10

$0.96 $0.96

345.83%

Potato (1kg)

$1.85 CA$2.63

$1.24 $1.24

49.19%

Onion (1kg)

$1.67 CA$2.38

$0.93 $0.93

79.57%

Lettuce (1 head)

$2.22 CA$3.16

$0.83 $0.83

167.47%

Water (1.5 liter bottle)

$1.21 CA$1.72

$1.03 $1.03

17.48%

Cigarettes 20 Pack (Marlboro, Camel)

$13.88 CA$19.78

$5.86 $5.86

136.86%

Wine (Bottle)

$14.25 CA$20.31

$11.93 $11.93

19.45%

Local Beer (0.5 liter bottle)

$2.20 CA$3.13

$1.49 $1.49

47.65%

Imported Beer (0.33 liter bottle)

$2.42 CA$3.45

$2.22 $2.22

9.01%

One-way Ticket (Public Transport)

$2.42 CA$3.44

$0.33 $0.33

633.33%

Public Transport Monthly Pass (Regular Price)

$111 CA$158

$19.95 $19.95

455.09%

Taxi Start (Normal Tariff)

$2.90 CA$4.13

$2.70 $2.70

7.41%

Taxi (Normal Tariff) (1km)

$1.26 CA$1.80

$1.74 $1.74

-27.59%

Taxi 1hour Waiting (Normal Tariff)

$22.03 CA$31.40

$12.08 $12.08

82.37%

Gasoline (1 liter)

$1.22 CA$1.74

$0.89 $0.89

37.08%

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

$27.6K CA$39.4K

$20.9K $20.9K

32.36%

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

$19.8K CA$28.3K

$30.9K $30.9K

-35.95%

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

$122 CA$174

$127 $127

-4.01%

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

$32.03 CA$45.66

$15.01 $15.01

113.39%

Internet (50+ Mbps, Unlimited Data)

$47.92 CA$68.3

$25.75 $25.75

86.10%

Gym Membership (Monthly)

$38.90 CA$55.5

$46.73 $46.73

-16.76%

Tennis Court (1 Hour on Weekend)

$23.24 CA$33.12

$26.66 $26.66

-12.83%

Cinema Ticket

$12.61 CA$17.97

$7.57 $7.57

66.58%

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

$834 CA$1,189

$403 $403

106.69%

International Primary School, 1 Child (Yearly)

$23.3K CA$33.3K

$6,002 $6,002

288.86%

Jeans (Levis 501 Or Similar)

$52.6 CA$75.0

$64.6 $64.6

-18.61%

Summer Dress (H&M, Zara, etc)

$40.26 CA$57.4

$40.19 $40.19

0.17%

Sport Shoes (Adidas, Nike)

$96.2 CA$137

$125 $125

-23.01%

Men's Leather Business Shoes

$123 CA$175

$93.6 $93.6

31.29%

1-bedroom Apartment, City Center (Monthly)

$1,598 CA$2,278

$477 $477

234.99%

1-bedroom Apartment, Outside City Center (Monthly)

$1,435 CA$2,045

$390 $390

267.74%

3-bedroom Apartment, City Center (Monthly)

$2,657 CA$3,787

$795 $795

234.01%

3-bedroom Apartment, Outside City Center (Monthly)

$2,096 CA$2,988

$739 $739

183.54%

Buy Apartment in City Center (m2)

$8,033 CA$11.5K

$2,298 $2,298

249.61%

Buy Apartment Outside City Center (m2)

$6,557 CA$9,347

$1,445 $1,445

353.83%

Average Monthly Net Salary (After Tax)

$3,743 CA$5,335

$626 $626

497.75%

20-Year Fixed Mortgage Interest Rate (Annual %)

4.47

10.05

-55.52%

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

Last update for Toronto: October 4, 2026

Last update for Guayaquil: October 4, 2026

Monthly budget structure

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

Accommodation & Living

Toronto

$1.4K 55.4%

Guayaquil

$390 34.8% 72.8% $1K

Groceries & Markets

Toronto

$340 13.1%

Guayaquil

$199 17.8% 41.5% $141

Eating Out

Toronto

$282 10.9%

Guayaquil

$123 11% 56.5% $159

Monthly Utilities & Internet

Toronto

$202 7.8%

Guayaquil

$168 15% 16.9% $34

Clothing & Footwear

Toronto

$140 5.4%

Guayaquil

$146 13% 3.7% $5.1

Getting Around

Toronto

$130 5%

Guayaquil

$33 2.9% 74.8% $97

Sport & Entertainment

Toronto

$64 2.5%

Guayaquil

$62 5.5% 3.5% $2.2

Cost Breakdown

A central one-bedroom costs $1,598 in Toronto versus $477 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 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 $77.0 in Toronto versus $52.0 in Guayaquil. Monthly groceries follow the same trend: $340 vs $199 – making Guayaquil the more affordable choice for daily food spending.

Good to know

🇨🇦 Toronto

🇪🇨 Guayaquil

🕒 Local time

07:50 7:50 AM

06:50 6:50 AM

1 h behind Toronto

🌤 Weather

👥 Population

2,731,571

3,500,000

💱 Currency

Canadian Dollar CAD $

United States Dollar USD $

📈 Exchange rate

1 CAD = 0.702 USD

1 CAD = 0.626 EUR

1 USD = 0.892 EUR

Exchange rates and currency converter

USD, EUR to CAD – Canadian Dollar Converter

🇺🇸 United States Dollar ($)

🇨🇦 Canadian Dollar ($)

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).

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

USD to CAD in detail →

On the map

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Between locations

Toronto Guayaquil 5,110 km ≈ 7 h nonstop flight

From you

Toronto
Guayaquil

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

Toronto vs Guayaquil: 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 $3,795 per month in Toronto and $1,710 in Guayaquil. 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 $834 per month in Toronto and $403 in Guayaquil. 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.