Cost of living and prices in Banos, prices of food, rent, shopping, etc. 🇪🇨
Updated Jul 2023

Banos is a vibrant city in Ecuador situated in the heart of South America with coordinates of -1.39283 latitude and -78.42688 longitude.

Its affordable cost of living has made it a popular destination for tourists and expats from all over the world. With a favorable exchange rate, one can enjoy a comfortable lifestyle without breaking the bank. The city is surrounded by stunning natural beauty, including waterfalls, hot springs, and lush green forests. A paradise for outdoor enthusiasts, Banos offers a vast range of adventure activities such as hiking, biking, and river rafting.

Moreover, its vibrant nightlife, bustling street food markets, and charming local culture make it an ideal location for those seeking an authentic Ecuadorian experience. The cost of living in Banos offers a perfect balance between quality of life and low expenses, making it an attractive destination for those who wish to live on a budget while still enjoying all the pleasures of life. Visit Banos today and experience a unique and affordable way of living in South America.

Cost of Living Estimate in Banos

Total cost of living in Banos for two person with average consumption for one month will be 630.29 USD, no rent price included. Click here to calculate cost-of-living estimate in Banos

You can calculate cost of living in Banos by changing quantity using input near each good or service. Resulting total will appear in a floating box in the bottom of your screen.

Restaurants prices

Banos, Ecuador is a gem for food enthusiasts. The city is full of traditional restaurants serving Ecuadorian dishes such as ceviche, empanadas, locro soup, and roasted pork, among others. However, if you are looking for more variety, Banos also caters to international cuisine such as Italian, Mexican, and Spanish cuisine. Whether you want street food or a fancy restaurant, the options are endless. For those with a sweet tooth, Banos has an abundance of dessert shops offering cakes, ice cream, and other sweet treats to satisfy your cravings. You can rest assured that you will not go hungry while visiting Banos.

Eating options in Banos are not limited to just restaurants. The city is also known for its street food scene. Street vendors offer delicious local snacks such as grilled corn on the cob, tamales, and humitas that are freshly made. It is worth highlighting that the city is famous for its taffy and you will spot many vendors selling it on the streets. In addition, there are several markets in the city where you can find fresh fruits and vegetables, meat, and fish. Here, you can try popular street foods such as empanadas and churros, among others. You can also bring some of the local produce to your accommodation and cook something delicious for yourself.

Meal in Inexpensive Restaurant
2.00 $
Meal for 2 People, Mid-range Restaurant, Three-course
20.00 $
McMeal at McDonalds or Alternative Combo Meal
4.50 $
Domestic Beer, 0.5 liter Draught
1.75 $
Imported Beer, 0.33 liter Bottle
3.00 $
Cappuccino
2.09 $
Coca-Cola, 0.33 liter Bottle
0.60 $

Markets prices

The market prices in Banos, Ecuador are quite reasonable, making this town a great spot for budget travelers. You can find plenty of fresh fruits and vegetables, as well as locally-made clothing and handicrafts at the markets. It's a great way to support the local economy and get a sense of the vibrant culture of Banos.

While some items may be more expensive than others, overall the market prices in Banos are quite fair and well worth the investment. Whether you're looking for a souvenir to take home or just want to stock up on some healthy snacks for your travels, the markets in Banos have you covered. So be sure to add a visit to the local markets to your itinerary while in Banos, Ecuador.

Water, 0.33 liter Bottle
0.47 $
Milk, Regular,1 liter
0.85 $
Loaf of Fresh White Bread, 0.5 kg
0.80 $
White Rice, 1 kg
1.00 $
Eggs, 12 pack
1.20 $
Local Cheese, 1 kg
3.59 $
Chicken Breasts, Boneless and Skinless, 1 kg
4.62 $
Beef Round or Equivalent Back Leg Red Meat, 1 kg
5.84 $
Apples, 1 kg
1.44 $
Banana, 1 kg
1.01 $
Oranges, 1 kg
0.95 $
Tomato, 1 kg
0.95 $
Potato, 1 kg
0.96 $
Onion, 1 kg
0.95 $
Lettuce, 1 head
0.25 $
Water, 1.5 liter Bottle
0.84 $
Bottle of Wine, Mid-Range Price
7.00 $
Domestic Beer, 0.5 liter Bottle
1.14 $
Imported Beer, 0.33 liter Bottle
2.25 $
Pack of Cigarettes
6.00 $

Transportation prices

Banos, Ecuador is a small town nestled in the Andes Mountains with several transportation options for visitors. For those seeking adventure, renting a bike is a great way to explore the surrounding areas and take in the stunning scenery. There are also opportunities for horseback riding, zip-lining, and kayaking. For those who prefer a more relaxed option, there are taxis and buses available to take visitors to nearby hot springs and waterfalls.

One unique transportation option in Banos is the chiva bus. These festive, open-air buses are a popular choice for tourists and locals alike. They offer an affordable way to explore the city and its surroundings, with stops at popular attractions such as the Casa del Arbol swing and the Pailon del Diablo waterfall. The chiva bus is also a fun way to experience the local culture, as they often have live music and dancing on board.

Taxi Start, Normal Tariff
0.93 $
Taxi, price for 1 km, Normal Tariff
1.38 $
Taxi, price for 1 hour Waiting, Normal Tariff
7.00 $
Gasoline, 1 liter
0.58 $
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car)
24,000.00 $

Utilities Per Month prices

When planning a trip to Banos, it's important to factor in the cost of utilities. Generally speaking, the cost of utilities in Banos tends to be quite affordable compared to other popular tourist destinations. This includes expenses like water, electricity, and gas, which are all generally available and reliable. Many hotels and accommodations in Banos are equipped with modern amenities like hot water and air conditioning, which means you can enjoy a comfortable stay without worrying about high utility bills.

However, it's worth noting that there may be some fluctuation in utility costs depending on the time of year you visit. During peak tourist season, for instance, you may find that certain utilities are more expensive due to increased demand. Additionally, it's important to be mindful of your own energy consumption while traveling, particularly if you're staying in a budget-friendly accommodation where utilities may be more limited. By taking these factors into account and planning accordingly, you can ensure a stress-free and budget-friendly trip to Banos.

Basic utilities for 85m2 Apartment including Electricity, Heating or Cooling, Water and Garbage
29.83 $
Prepaid Mobile Tariff Local, price per 1 min, No Discounts or Plans
0.09 $
Internet, 60 Mbps or More, Unlimited Data, Cable/ADSL
20.00 $

Salaries And Financing prices

If you're planning a trip to Banos, Ecuador, you may be curious about the salary levels and financing in this charming town. The good news for tourists is that the cost of living is relatively low compared to many other destinations, meaning your money can go further. You'll find a range of affordable accommodation options to suit any budget, from hostels and guesthouses to more luxurious hotels. Restaurants and food stalls offer affordable and tasty options for budget-conscious travelers, while those who want to splurge can dine at one of the town's many high-end eateries.

While salaries in Banos may not be as high as in some other parts of the world, many of the locals make a living from the thriving tourism industry, which means they're accustomed to interacting with travelers and providing great customer service. With that in mind, it's always a good idea to tip when you receive good service, as it can make a significant difference in the life of someone who may be earning a modest income. You'll also find plenty of options for financing your travels, such as ATMs and money changers, so you can keep your wallet stocked with cash to enjoy all the great experiences that Banos has to offer.

Cinema ticket, 1 Seat
5.62 $
Mortgage Interest Rate in Percentages for 20 Years Fixed-Rate, Yearly, Fixed-Rate
11.17 %

Childcare prices

Childcare prices vary in Banos, Ecuador depending on the type of facility. There are a few schools that offer full-day programs starting at a young age, but these tend to be quite pricey. However, they typically provide high-quality education, qualified teachers and small class sizes. In contrast, Kindergartens are a more affordable option. They are usually half-day programs and focus on more basic education and childcare needs. There are also some daycare centers located throughout the city, which offer drop-in care for working parents.

When considering childcare options in Banos, it's important to take into account any individual preferences or special needs your child may have. Some schools, for example, may offer a more structured academic program, while others may prioritize outdoor play and socialization. Ultimately, the decision comes down to what works best for your family and budget. Regardless of the choice made, parents can be assured that their children will be well taken care of in Banos, with a focus on safety and nurturing development.

Private Preschool or Kindergarten, Monthly for 1 Child
80.00 $
International Primary School, Yearly for 1 Child
3,000.00 $

Clothing And Shoes prices

Banos, Ecuador is a wonderful destination for those who love to shop for unique clothing and shoes at reasonable prices. The town is filled with various markets and shops that offer a variety of choices. From traditional Ecuadorian clothes to well-crafted hiking boots, there is something for everyone. Visitors can stroll through colorful streets filled with vendors selling ponchos, hats, and shoes. Additionally, there are several boutique shops where you can find leather boots, sandals, and hats at affordable prices. The best part about shopping in Banos is that you will not only find quality and affordable products, but it's also a way to support local artisans and farmers.

When it comes to buying clothes and shoes in Banos, there are plenty of options available. You can visit the local market and find an impressive array of hand-woven, brightly colored textiles that are unique to Ecuador. Alternatively, head to the artisanal shops to find beautifully designed leather shoes, hats, and bags. The town is also famous for its rubber boots, which are quite useful for hiking in the rainy season. However, if you prefer branded shoes, then you will find several shops offering global brands. In short, Banos is a fantastic shopping destination where you can find everything from traditional Ecuadorian attire to modern footwear, all at very reasonable prices.

Pair of Jeans in a Chain Store Like George, H&M, Zara, etc.
52.22 $
Summer Dress in a Chain Store Like George, H&M, Zara, etc.
43.57 $
Pair of Running Shoes, Mid-Range Price
89.44 $
Pair of Leather Business Shoes
60.00 $

Rent Per Month prices

If you're planning on visiting Banos, Ecuador and searching for short term rental options, you will be pleased to know that there are plenty of affordable and comfortable options available. From cozy apartments to luxurious villas, you can find something that suits your budget and style. Short-term rentals are usually more cost-effective than hotels, and they offer the flexibility of cooking meals and living like a local. The rental prices vary depending on the type of accommodation, location, and the length of stay. However, you can rest assured that Banos offers a wide range of short term rental options that cater to everyone's needs and preferences.

For travelers looking for a brief stay in Banos, Ecuador, there are plenty of lodging options available. You can find comfortable and affordable hotel rooms, hostels, and bed-and-breakfasts. These types of accommodations are perfect for those who are on a tight budget or just need a place to sleep for a night or two. Most of the hotels offer basic amenities such as wifi, bedding, towels, and hot water. The cost of short stays varies depending on the type of accommodation and the season. However, you can be sure that Banos has something to offer for everyone, no matter what your budget is.

One bedroom apartment in city centre
250.00 $
One bedroom apartment outside of city centre
230.00 $
Three bedroom apartment in city centre
500.00 $
Three bedroom apartment outside of city centre
540.00 $