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

Discover the cost of living in Ibarra, Ecuador – a charming city located in South America with a population of 131,856 people. Situated at an altitude of 2,208 meters above sea level, Ibarra boasts a pleasant climate and stunning mountain views.

With a low cost of living compared to other South American destinations, Ibarra is an ideal place to explore Ecuadorian culture and tradition. Here, you can enjoy delicious local cuisine, bustling markets, and beautiful colonial architecture. Whether you are looking to retire to a peaceful city or explore the region as a digital nomad, Ibarra has something to offer everyone.

When it comes to accommodations and transportation, Ibarra is an affordable city with plenty of budget-friendly options. Whether you prefer to rent a cozy apartment or a spacious house, you can find a variety of options that suit your needs and budget. Transportation in Ibarra is also budget-friendly, with local buses and taxis available at very reasonable prices.

Overall, Ibarra is a hidden gem in Ecuador that offers affordable living, beautiful scenery, and a rich cultural experience. Come explore this charming city and see for yourself why it is quickly becoming a popular destination for expats and travelers alike.

Cost of Living Estimate in Ibarra

Total cost of living in Ibarra for two person with average consumption for one month will be 599.43 USD, no rent price included. Click here to calculate cost-of-living estimate in Ibarra

You can calculate cost of living in Ibarra 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

Traveling to Ibarra, Ecuador? You're in luck because the culinary scene in this charming town is diverse and delightful. Locals recommend trying out the traditional cuisine which includes dishes such as fanesca, a soup made of grains and vegetables that is commonly prepared during Easter. For a more casual dining experience, head over to the popular food markets where you can try out different kinds of street food such as empanadas, chochos, and humitas. For a fine dining experience, you may opt to visit one of the restaurants that serve a fusion of traditional and modern cuisine. Make sure to try out the locally grown coffee and chocolate, which are known for their bold and unique flavors.

Vegetarians and vegans will also find plenty of options in Ibarra. There are several restaurants that specialize in vegetarian and vegan dishes, using fresh and organic ingredients. Some of these restaurants also cater to special dietary needs, such as gluten-free and lactose-free options, making dining out an enjoyable and hassle-free experience. And for those looking for a taste of international cuisine, there are various restaurants that serve Italian, Chinese, and even Peruvian dishes. Whether you're looking for a quick bite or a fancy dinner, Ibarra offers a range of dining options that are sure to satisfy your taste buds.

Meal in Inexpensive Restaurant
2.50 $
Meal for 2 People, Mid-range Restaurant, Three-course
25.00 $
McMeal at McDonalds or Alternative Combo Meal
5.00 $
Domestic Beer, 0.5 liter Draught
3.25 $
Imported Beer, 0.33 liter Bottle
4.50 $
Cappuccino
2.00 $
Coca-Cola, 0.33 liter Bottle
0.50 $

Markets prices

Market prices in Ibarra, Ecuador can be quite different compared to other parts of the country. Due to Ibarra's location in the mountainous region of Ecuador, some fruits and vegetables are not always readily available which can impact prices. However, products that can be grown in the area, such as potatoes and corn, tend to be more affordable. Additionally, the prices can also vary depending on the time of year and the availability of certain products.

The cost of goods in Ibarra's local markets is generally quite reasonable, particularly when compared to prices found in the larger cities. It's not uncommon for locals and tourists alike to come to the markets in Ibarra to get their weekly groceries or to enjoy a meal from the various food stalls that are set up. The markets are a hub of activity and provide an excellent opportunity to take in the sights, sounds and flavors of this beautiful region of Ecuador.

Water, 0.33 liter Bottle
0.50 $
Milk, Regular,1 liter
1.00 $
Loaf of Fresh White Bread, 0.5 kg
1.50 $
White Rice, 1 kg
1.05 $
Eggs, 12 pack
1.28 $
Local Cheese, 1 kg
3.55 $
Chicken Breasts, Boneless and Skinless, 1 kg
2.00 $
Beef Round or Equivalent Back Leg Red Meat, 1 kg
6.00 $
Apples, 1 kg
1.50 $
Banana, 1 kg
1.50 $
Oranges, 1 kg
1.50 $
Tomato, 1 kg
0.80 $
Potato, 1 kg
0.80 $
Onion, 1 kg
1.00 $
Lettuce, 1 head
0.70 $
Water, 1.5 liter Bottle
0.50 $
Bottle of Wine, Mid-Range Price
6.00 $
Domestic Beer, 0.5 liter Bottle
1.00 $
Imported Beer, 0.33 liter Bottle
3.00 $
Pack of Cigarettes
6.00 $

Transportation prices

When it comes to transportation in Ibarra, Ecuador, visitors have several options to choose from. One popular choice is taking a taxi, which can easily be found throughout the city and can be a convenient way to travel directly to your destination. Additionally, shared taxis, called "colectivos," are available and can be more affordable than a regular taxi. Another option is taking a bus, which are often crowded but can take you to various destinations around the city and nearby towns.

If you're looking for a more unique transportation experience, consider taking a ride on the "chivas." These brightly decorated buses are a popular mode of transportation in Ibarra and offer a fun and lively atmosphere. Another interesting option is taking a scenic train ride through the Andes mountains, which offers stunning views of the surrounding landscape. No matter which transportation option you choose, getting around Ibarra is fairly easy and accessible for visitors.

One-way Ticket, Local Transport
0.32 $
Taxi Start, Normal Tariff
1.25 $
Taxi, price for 1 km, Normal Tariff
1.38 $
Taxi, price for 1 hour Waiting, Normal Tariff
8.50 $
Gasoline, 1 liter
0.73 $
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car)
43,500.00 $

Utilities Per Month prices

When it comes to utilities cost in Ibarra, Ecuador, travelers will be pleased to know that it is relatively cheap compared to other cities in South America. The cost of electricity, water, and gas are quite affordable, allowing visitors to enjoy their stay without worrying about breaking the bank on utility bills. Additionally, Ibarra benefits from a reliable and consistent supply of utilities, which is not always the case in other developing countries. This means that tourists can enjoy hot showers, air conditioning, and other comforts without worrying about interruptions in service.

Another interesting thing to note about utilities cost in Ibarra, Ecuador, is that some accommodations may include certain utilities in their rates. This is especially true for hotels and guesthouses, which often include water, electricity, and Wi-Fi in their prices. It's always a good idea to check with your accommodation beforehand to see if any utilities are included, as this can save you some money during your stay. Additionally, many restaurants and cafes in Ibarra offer free Wi-Fi, which can be a convenient and cost-effective way to stay connected while traveling. Overall, visitors to Ibarra can expect to enjoy affordable utilities and reliable service during their stay in this charming Ecuadorian city.

Basic utilities for 85m2 Apartment including Electricity, Heating or Cooling, Water and Garbage
30.00 $
Prepaid Mobile Tariff Local, price per 1 min, No Discounts or Plans
0.04 $
Internet, 60 Mbps or More, Unlimited Data, Cable/ADSL
48.33 $

Sports And Leisure prices

Ibarra, Ecuador is a haven for sports enthusiasts, with an abundance of outdoor activities and adventure sports for locals and tourists alike. The region is known for its stunning mountain vistas, clear streams, and lush greenery, providing a picturesque backdrop for hiking, cycling, and horseback riding. The Imbabura Volcano also offers a challenging trek for experienced climbers, or for something less strenuous, visitors can opt for a scenic drive around Lake Yahuarcocha. Sports seekers can also enjoy kayaking or rafting down the rapids of the Chota River, or head to the nearby town of Otavalo for paragliding and zip-lining.

If you're looking for a more relaxed pace, Ibarra has plenty of leisure activities to offer. For a unique cultural experience, travelers can visit the Otavalo Market, one of the largest indigenous markets in South America, where they can practice their bargaining skills and purchase beautiful textiles, pottery, and jewelry made by local artisans. For a tranquil escape, visitors can relax in one of the area's many hot springs, such as Chachimbiro or La Esperanza, known for their therapeutic properties. Or for something a little different, they can take a cooking class to learn how to prepare traditional Ecuadorian cuisine, or enjoy a cup of locally sourced coffee while admiring the stunning colonial architecture of the city center. Whatever your interests, Ibarra has something to offer for everyone.

Fitness Club, Monthly Fee for 1 Adult
33.33 $
Tennis Court Rent, 1 Hour on Weekend
5.00 $

Salaries And Financing prices

Salaries in Ibarra, Ecuador may not be as high as in other cities, but the cost of living is much lower. This means that residents of Ibarra have a higher purchasing power and can afford a decent living. As a traveler, you can also benefit from the lower cost of living and find affordable accommodation, food, and transport. Additionally, some may find work opportunities available to them, as the local economy is developing and expanding. This could be an interesting option for those who wish to stay longer in Ibarra and immerse themselves in the local culture.

Financing in Ibarra, Ecuador might be challenging for foreigners, as the banking system and financial regulations can be different from what they are accustomed to in their home countries. However, it is possible to find some larger international banks that offer services in Ecuador. As a traveler, it is recommended to bring cash, or have an international debit or credit card to withdraw local currency from ATMs or banks. It is generally best to have some cash on hand, as some smaller shops and restaurants may not accept cards. While it is important to be vigilant against scams and theft, generally Ibarra is a safe place to travel and conduct financial transactions.

Cinema ticket, 1 Seat
7.00 $
Average Monthly Net Salary, After Tax
483.75 $
Mortgage Interest Rate in Percentages for 20 Years Fixed-Rate, Yearly, Fixed-Rate
14.5 %

Childcare prices

Childcare prices in Ibarra, Ecuador vary depending on the type of institution and level of education. Schools in Ibarra offer a wide range of educational programs. Parents can choose between public and private schools for their children. Private schools have higher tuition fees than public schools, but they also typically offer better facilities and higher quality education. Some schools also require parents to pay additional fees for books, uniforms, and extracurricular activities. Overall, the cost of enrolling a child in a school in Ibarra can be quite high, but parents can find some affordable options if they do proper research and take advantage of available financial aid programs.

For parents with young children, Kindergarten or pre-school programs are also available in Ibarra. These programs offer early childhood education that focuses on the social, physical, and academic development of children. Kindergartens are also available in both public and private institutions. Private Kindergartens typically have higher tuition fees and are thought to offer better facilities and a higher quality of education. Overall, the cost of Kindergarten programs is lower than the cost of enrolling a child in a primary or secondary school in Ibarra. Parents should still carefully research all available options to find the best possible options within their budgets.

Private Preschool or Kindergarten, Monthly for 1 Child
170.00 $
International Primary School, Yearly for 1 Child
4,000.00 $

Clothing And Shoes prices

Ibarra, Ecuador is a great place for shopping for clothing and shoes. There are a variety of different stores available to choose from, ranging from high-end boutiques to budget-friendly options. Whether you're looking for something trendy and stylish or something more practical and affordable, you'll be able to find it here in Ibarra. Many of the stores here offer a variety of different styles and sizes to choose from, so you're sure to find something that fits your needs.

When it comes to shopping for clothing and shoes in Ibarra, you'll have plenty of options to choose from. Some of the best places to shop include local markets and street vendors, as well as larger stores and shopping centers. These shops offer a wide variety of different types of clothing and shoes, from traditional local styles to more modern and trendy options. Whether you're looking for formal attire or something more casual, you'll be able to find it here in Ibarra. So if you're looking for some new clothes or shoes, make sure to check out the city's many shops and markets for some great deals!

Pair of Jeans in a Chain Store Like George, H&M, Zara, etc.
51.00 $
Summer Dress in a Chain Store Like George, H&M, Zara, etc.
18.33 $
Pair of Running Shoes, Mid-Range Price
62.50 $
Pair of Leather Business Shoes
57.50 $

Rent Per Month prices

For those seeking a short rent stay option in Ibarra, Ecuador, there are various accommodation options to choose from depending on your preferences and budget. Whether you are searching for a luxurious experience or something that's budget-friendly, with a little research, you can always find a suitable place to stay. You can opt for apartments, condos, or even hotels that offer short stay options. Some of the apartments and condos have fully equipped kitchens, making it a great option for travelers who prefer cooking their own meals. Similarly, some hotels offer continental breakfast or on-site dining options for a luxurious experience. Overall, Ibarra has various short rent stay options suitable for various budgets and preferences.

When it comes to prices, short rent stay options in Ibarra, Ecuador, are quite affordable. Depending on your preferences and budget, you should be able to find a suitable place to stay without breaking your bank. Of course, prices vary depending on the type of accommodation you choose and how long you plan to stay. Apartments and condos that offer fully-equipped kitchens are more budget-friendly, especially if you're staying for an extended period. Meanwhile, hotels that offer luxurious amenities such as on-site dining options and swimming pools may be a bit more expensive. Overall, there's something for everyone in Ibarra when it comes to short term stay options and prices.

One bedroom apartment in city centre
167.50 $
One bedroom apartment outside of city centre
108.33 $
Three bedroom apartment in city centre
370.00 $
Three bedroom apartment outside of city centre
266.67 $

Buy Apartment prices

Looking to invest in the real estate market in Ibarra, Ecuador? You'll be pleasantly surprised with the variety of buying options available. Whether you're in the market for a sprawling estate or a cozy apartment, Ibarra has it all. From traditional houses to modern apartments, there's something for everyone. Prices vary depending on the location, size, and amenities offered, but all options are reasonably priced compared to other popular real estate markets in the region.

With its picturesque landscapes and vibrant culture, Ibarra has emerged as a popular destination for real estate investment. The area offers a wide range of options, from buying to renting, making it an ideal choice for both homebuyers and investors. In Ibarra, you'll find a wide range of property types, from spacious family homes to quaint vacation properties, all at fair and reasonable prices. With plenty of amenities and excellent access to public transportation, Ibarra provides an excellent opportunity for real estate investors who want to be part of a thriving community in one of the most beautiful regions on earth.

Price per m2 to Buy Apartment in City Center
700.00 $
Price per m2 to Buy Apartment Outside of City Center
487.50 $