Cost of Living in Cuenca Ecuador

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So how much do I need to retire/live in Cuenca?

If you are thinking of renting a nice unfurnished apartment I would allow around $1300-$1400 per month. This will certainly I believe give you a very comfortable lifestyle for two people.

This budget does not include household help. If you do consider having live-in help you probably need to allow another $200 per month.

Renter’s Budget in Cuenca, Ecuador per Month 

Rent

$450

Unfurnished modern 2 – 3brm apartment

HOA fees

$150

Sometimes required of renters

Transportation

$40

Gas

$3

Hot water and stove

Electricity

$35

Telephone

$20

Internet

$35

This can be more if you choose a different program

Cable TV

$30

Again it could be slightly higher depending on the program

Food

$250

Entertainment

$240

There are many cultural activities which are free in Cuenca

Total

$1,253

The above is just an estimate and it could be that some of the items differ depending on how you live. You can also include some travel around the country as this is also inexpensive.

These apartments are generally in a good area and depending on the floor have great views to the mountains or over the city. Most have a doorman and groundskeeper. All apartments have underground parking with a personal storage room.

You can also rent a “local style” apartment for much less than the above. Usually you will not pay HOA fees as there would be not be a doorman or garage facility. So you could cut your budget even further.

If you consider buying a home or apartment and don’t have to worry about a mortgage your budget could look something like this.

Budget per month if you own a home/apartment

Property Taxes

$3

Transport

$40

Gas

$3

Electricity

$35

Telephone

$20

Internet

$35

Cable TV

$30

Food

$250

Entertainment

$240

Total

$656



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