Cost of living in Velasco Ibarra
Velasco Ibarra, a city in Ecuador, offers a unique blend of cultural richness and economic considerations. Understanding the cost of living here is crucial for both potential residents and visitors.
This guide provides a detailed breakdown of expenses in Velasco Ibarra, covering essential categories such as dining, groceries, transportation, housing, and utilities.
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
- 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.
- Car Purchase - A new Volkswagen Golf costs between $18,000 and $25,000, while a Toyota Corolla ranges from $22,000 to $32,000.
Housing Costs
- Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child - The cost for private preschool is between $200 and $420 per month.
- International Primary School, Yearly for 1 Child - Yearly fees for international primary schools range from $2,400 to $10,000.
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.
- Mobile Phone Plan - A mobile phone plan with calls and 10GB+ data costs between $10 and $20, averaging $14.53.
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"
Velasco Ibarra offers a relatively affordable cost of living, especially in dining and grocery expenses.
Transportation costs are moderate, with affordable fuel prices and taxi fares.
Utilities and internet services are reasonably priced, contributing to the overall affordability of living in the city.
Conclusion
In conclusion, Velasco Ibarra presents a cost-effective living environment with affordable dining, grocery, and transportation options.
Potential residents can enjoy a balanced lifestyle without the high expenses associated with larger urban centers, making it an attractive option for those seeking economic efficiency.