Cost of living in Quito
Quito, the capital city of Ecuador, is known for its rich history and vibrant culture. Understanding the cost of living in Quito is crucial for anyone considering moving to or visiting this dynamic city.
This guide provides a detailed breakdown of the expenses you can expect, from dining and groceries to housing and transportation, helping you plan your budget effectively.
Cost of Living Summary
Dining and Restaurants
- Inexpensive Restaurant Meal - A meal at a casual restaurant will typically cost $5 on average, with a range between $3 and $9.
- Mid-Range Restaurant (Three-Course Meal for Two) - For a more upscale dining experience, expect to pay around $38, with prices ranging from $25 to $63.
- 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 $1.5 to $6, imported beer $2.5 to $7, cappuccino $1.5 to $3.8, and Coke/Pepsi $0.5 to $2.5.
Grocery Prices
- Milk - Milk is priced between $0.9 and $1.48 per liter, averaging $1.12.
- Bread (Loaf of Fresh White Bread) - A loaf of fresh white bread costs between $1 and $2.2, with an average price of $1.58.
- Eggs (Dozen) - A dozen eggs range from $1.53 to $3.5, averaging $2.31.
- Fruits (e.g., Apples, Oranges) - Apples cost $0.96 to $5 per kg, while oranges range from $1 to $5 per kg.
- Vegetables (e.g., Potatoes, Lettuce) - Potatoes are priced between $0.5 and $2 per kg, and lettuce costs $0.3 to $1 per head.
Transportation
- Public Transport (One-Way Ticket) - A one-way local transport ticket costs between $0.35 and $0.45, with a monthly pass priced between $15 and $42.
- Fuel (Gasoline) - Gasoline is priced between $0.63 and $1.07 per liter.
- Taxi Fares - Taxi fares start at $1.5, with a cost of $1.45 to $2 per km and $8 to $20 per hour of waiting.
Housing Costs
- 1-Bedroom Apartment Rent (City Centre) - Rent for a 1-bedroom apartment in the city centre ranges from $250 to $700, averaging $464.06.
- 1-Bedroom Apartment Rent (Outside Centre) - Outside the centre, rent ranges from $240 to $600, averaging $379.55.
- 3-Bedroom Apartment Rent (City Centre) - Rent for a 3-bedroom apartment in the city centre ranges from $480 to $1200, averaging $802.5.
- 3-Bedroom Apartment Rent (Outside Centre) - Outside the centre, rent ranges from $385 to $800, averaging $580.45.
- Buying Price per Square Meter (City Centre) - The price per square meter to buy an apartment in the city centre ranges from $1300 to $2000, averaging $1666.67.
- Buying Price per Square Meter (Outside Centre) - Outside the centre, the price per square meter ranges from $800 to $1600, averaging $1250.
Utilities
- Basic Utilities (Electricity, Heating, Water, etc.) - Basic utilities for an 85m2 apartment cost between $25 and $80, averaging $41.12.
- Internet - Internet services range from $25 to $40.31, with an average cost of $31.13.
Cost of Living Rankings
Quito ranks 2nd on the Cost of Living rankings in Ecuador. 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
Restaurants
Restaurants
Markets
Markets
Transportation
Transportation
Rent Per Month
Rent Per Month
Utilities (Monthly)
Utilities (Monthly)
Sports And Leisure
Sports And Leisure
Clothing And Shoes
Clothing And Shoes
Buy Apartment Price
Buy Apartment Price
Salaries And Financing
Salaries And Financing
Childcare
Childcare
"Key Takeaways"
Quito offers a relatively affordable cost of living compared to many Western cities, with low prices for dining and public transportation.
Housing costs vary significantly depending on location, with city centre apartments being more expensive.
Groceries and utilities are reasonably priced, making Quito an attractive option for budget-conscious individuals.
Conclusion
In conclusion, Quito provides a cost-effective living environment with affordable dining, transportation, and housing options.
While some areas, like the city centre, may have higher housing costs, overall expenses remain manageable for most residents.
This makes Quito an appealing destination for both expatriates and locals seeking a vibrant city life without the high costs associated with larger metropolitan areas.