Cost of living in Portoviejo
Portoviejo, a vibrant city in Ecuador, offers a unique blend of cultural heritage and modern living. Understanding the cost of living here is crucial for anyone considering relocating or planning an extended stay.
This guide provides a detailed breakdown of expenses, including housing, dining, transportation, and more, to help you budget effectively and make informed decisions.
Cost of Living Summary
Dining and Restaurants
- Inexpensive Restaurant Meal - A meal at a casual restaurant will typically cost $3 on average, with a range between $2.5 and $5.
- Mid-Range Restaurant (Three-Course Meal for Two) - For a more upscale dining experience, expect to pay around $50, with prices ranging from $40 to $80.
- Fast Food (e.g., McDonald's) - A McMeal or equivalent combo meal averages $8, with a range between $7 and $8.
- Beverages (e.g., Domestic Beer, Imported Beer, Cappuccino, Coke/Pepsi) - Domestic beer ranges from $1.4 to $3, imported beer $2.5 to $5, cappuccino $1 to $3, and Coke/Pepsi $0.6 to $1.5.
Grocery Prices
- Milk - Milk is priced between $1 and $1.44 per liter, averaging $1.21.
- Bread (Loaf of Fresh White Bread) - A loaf of fresh white bread costs between $1.25 and $2.65, with an average price of $1.76.
- Eggs (Dozen) - A dozen eggs range from $1 to $3.6, averaging $2.45.
- Fruits (e.g., Apples, Oranges) - Apples cost $1 to $3.54 per kg, while oranges range from $0.6 to $2.81 per kg.
- Vegetables (e.g., Potatoes, Lettuce) - Potatoes are priced between $0.5 and $2.5 per kg, and lettuce costs $0.6 to $0.99 per head.
Transportation
- Public Transport (One-Way Ticket) - A one-way local transport ticket costs $0.4.
- Fuel (Gasoline) - Gasoline is priced between $0.63 and $0.76 per liter.
- Taxi Fares - Taxi fares start at $2.75, with a cost of $2 per km and $9.5 per hour of waiting.
Housing Costs
- 1-Bedroom Apartment Rent (City Centre) - Rent for a 1-bedroom apartment in the city centre averages $300.
- 1-Bedroom Apartment Rent (Outside Centre) - Outside the centre, rent averages $250.
Utilities
- Basic Utilities (Electricity, Heating, Water, etc.) - Basic utilities for an 85m2 apartment cost between $53.13 and $144.5, averaging $90.97.
- Internet - Internet services range from $25 to $40, with an average cost of $31.46.
Cost of Living Rankings
The cost of living indices for Ecuador are compared to New York City (NYC), which serves as the baseline with an index of 100. These provide insights into the relative cost of living in different cities in Ecuador, covering factors like consumer goods, rent, and purchasing power.
Cost of Living Data
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"Key Takeaways"
Portoviejo offers a relatively affordable cost of living compared to many other cities. Dining out is particularly inexpensive, making it easy to enjoy local cuisine without breaking the bank.
Housing costs are moderate, with affordable options both in the city centre and outside. Transportation is also budget-friendly, with low costs for public transport and fuel.
Grocery prices are reasonable, allowing for a balanced diet without excessive spending. Utilities and internet services are also competitively priced, contributing to the overall affordability of living in Portoviejo.
Conclusion
In conclusion, Portoviejo presents an attractive option for those seeking a cost-effective lifestyle in Ecuador. The city combines affordable living with cultural richness, making it an appealing destination for both locals and expatriates.
Whether you're planning a short visit or a long-term stay, understanding the cost of living in Portoviejo will help you manage your budget effectively and enjoy all that this vibrant city has to offer.