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Cost of Living in Guayaquil, Ecuador

Guayaquil is the main commercial center and port in Ecuador.

Besides the tourism development, the citizens in this city work in such branches of industry as fishing, trading, shipping etc.

The guests of Guayaquil get the most interested in its old architectural monuments.

Also, this place is worth being visited by real gourmets who are eager to taste the most delicious meals the Ecuadorian cuisine has to offer here.

Did you also know that Guayaquil is involved in the refinery processing?

Let’s loop over the main expenditure items to decide whether Guayaquil is worth living and working.

Restaurants

RESTAURANTS

We have already mentioned it but it’s worth repeating again: Guayaquil has much to offer to gourmets.

Some really cool restaurants and cafes can be visited here, which are also cheap.

In fact, you can find some reservations for the rich and then the food will cost more there, of course.

Markets

MARKETS

In Guayaquil, people spend most of their salary to buy fresh food on the markets.

Undoubtedly, there are plenty of great products that only market sellers will give you.

Vegetables, fruits, and fresh fish off the charts.

The markets open by the break of day to give you the opportunity to buy the night and the morning take.

Transportation

TRANSPORTATION

Since this is the biggest city in Ecuador, Guayaquil comes with different means of transport for any needs.

The most popular and convenient means of transport is the bus.

People also choose taxis to get to the job or reach the city from the airport.

If you want to buy a car, remember that Guayaquil sells 2nd most expensive Volkswagen Golf 1.4 90 KW trendline ($30,000.00).

Utilities

UTILITIES (MONTHLY)

If you already live or just plan you’re moving to Guayaquil, keep in mind some average prices for the home comforts that you will use and receive the bills for.

Electricity, water, garbage, cooling or heating will cost $76 on the average, or maybe even $80.

The Internet is not expensive, just $45,89 for the unlimited data connection.

Sports and leisure

SPORTS & LEISURE

The Ecuadorians and the tourists in this country, and in Guayaquil, in particular, love sports and active lifestyle.

There are many sports centers and clubs that you can join to get fit or just spend your time with pleasure and use.

Also, you can visit some sports bars and restaurants to watch a football match, or you can even book a hotel room near the Sports Federation.

Clothing and shoes

CLOTHING & SHOES

Women in Guayaquil love dressing nicely.

Beads and necklaces are especially popular here, so you can find lots of small stores and chain stores selling traditional and casual clothes and accessories.

You can buy Levis 501 jeans, Zara summer dresses, Nike running shoes or business leather shoes for reasonable prices here.

Rent per month

RENT PER MONTH

The size of the monthly rent for accommodation in Guayaquil depends on the number of square meters you rent, the remoteness of the object, the presence of the playground or swimming pool etc.

You can rent a three-bedroom apartment outside the city center and pay $722.00 or choose to live in a one-bedroom cozy apartment in the downtown for $465.38.

Cost of Living Averages Table for Guayaquil

Average Restaurant Prices
Meal (Inexpensive Restaurant) $ 4.00
Domestic Beer (0.5 Liter) $ 1.50
Water (0.33 Liter) $ 0.45
Average Market Prices
Milk (1 Liter) $ 3.87
Loaf Bread (500g) $ 1.56
Eggs (12) $ 1.98
Average Transport Prices
One Way Ticket $ 0.30
Monthly Pass $ 14.00
Gasoline $ 2.07
Average Utilities Prices
Basic (Water, Electricity, Garbage, Heating, Cooling) $ 74.42
1 min. of Prepaid Mobile Tariff Local $ 0.15
Internet (Unlimited Data, Cable/ADSL) $ 45.89
Average Leisure Prices
Fitness Club, Monthly Fee for 1 Adult $ 49.67
Tennis Court Rent (1 Hour) $ 19.40
Cinema, 1 Seat, International Release $ 5.50
Average Clothing Prices
1 Pair of Jeans (Levis 501 Or Comparable) $ 64.93
1 Summer Dress in a Chain Store (Zara, etc...) $ 60.83
1 Pair of Adidas Walking Shoes (Mid-Range) $ 103.24
Average Rent Prices
Apartment (1 bedroom) in City Center $ 465.38
Apartment (1 bedroom) Outside of Center $ 360.71
Apartment (3 bedrooms) in City Center $ 722.00

How Does the Average Person Spend Their Money in Guayaquil?

An average person in this beautiful city on the river shores is rather rich than poor.

A lot of elite premises are available for rent, the prices for cars are higher than in most countries in South America, and the salaries in many branches of industry are much higher than average.

According to the chart below, the top three expenditure items are markets, monthly rent and transportation.

They are followed by restaurants and sports.

People spend 6.8% of their income on the basic utilities and pay the least for the shoes and clothes.

11.3%
33.4%
11.8%
6.8%
8.3%
4.7%
23.6%
Restaurants
Markets
Transportation
Utilities (Monthly)
Sports & Leisure
Clothing & Shoes
Rent Per Month

Guayaquil: Average Salary, Minimum Wage & Mortgages

The more experience you have working in Guayaquil, the higher salary you get at your job position.

Besides, your salary will critically depend on the type of qualifications you have.

If you have much money, you can invest in the real estate in Guayaquil, or take a 20-year mortgage at the 10.50% rate.

By the way, the apartments for rent and sale are available to both the citizens and the travelers in Ecuador.

They are going to increase the minimum wage and the average net salary after tax in the near future.

Average Salary$ 491.14
Minimum Wage$ 318.00
Mortgage Interest Rate10.50%

Cost of Living by City in Ecuador

*Click the name of the city for more information.

City Cost of Living Index
Cuenca 36.13
Guayaquil 47.21
Quito 49.42

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