Cost of living and prices in Quito, prices of food, rent, shopping, etc. 🇪🇨
Updated Jul 2023
Discover the cost of living in Quito, Ecuador, one of South America's most beautiful cities. Located at an elevation of 2854 meters above sea level, Quito boasts stunning views of the surrounding Andes mountains. With a population of over 2 million people, it is the perfect blend of modern and traditional, with a mix of colonial and contemporary architecture.
Despite being the capital city of Ecuador, Quito is relatively affordable compared to other major cities. With a variety of affordable housing options and a low cost of food, transportation and healthcare, living in Quito can be a great option for those seeking a high quality of life without breaking the bank.
If you are planning to visit or move to Quito, be sure to plan your budget properly and take advantage of the low cost of living in this beautiful city.
Cost of Living Estimate in Quito
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Restaurants prices
Quito, the capital city of Ecuador, offers a wide range of dining options, catering to different tastes and budgets. From small street food vendors to elegant fine dining establishments, visitors can indulge in a diverse array of Ecuadorian and international cuisine. One of the most popular dishes is the hearty and filling "ceviche," which consists of marinated raw seafood with citrus juices and spices. Other traditional Ecuadorian dishes include "hornado," roast pork served with potatoes and corn, and "llapingachos," potato patties filled with cheese and topped with peanut sauce. Visitors can also find international favorites such as pizza, sushi, and burgers, as well as vegetarian and vegan options. Dining options range from casual eateries to upscale restaurants with stunning city views.
For a more authentic experience, visitors should explore the local markets such as Mercado Central and La Mariscal. These bustling markets offer a wide variety of street food and snacks, including empanadas, sweet corn and cheese cakes, and fried plantains. The markets are also a great place to buy fresh fruits and vegetables, as well as souvenirs. As for drinks, visitors should try the traditional hot cocoa served with cheese and cornbread, or the "canelazo," a spiced warm alcoholic beverage made with cinnamon, fruit, and sugarcane. Whether visitors are looking for a quick bite or a fancy dinner, Quito has plenty of dining options to satisfy their cravings.
Markets prices
Market prices in Quito, Ecuador tend to be lower than in many other countries. This is due to a combination of factors, including the fact that many goods are locally produced and there is a lower cost of living in the country. Additionally, bargaining and haggling are common practices in markets throughout the city, allowing shoppers to negotiate for even lower prices. From fresh produce to handmade crafts, there are plenty of options for budget-conscious shoppers in Quito.
However, it's important to note that prices can vary widely depending on the neighborhood and establishment. Touristy areas or higher-end markets may have prices that are more similar to those in other countries. Additionally, certain products may be more expensive due to import costs or scarcity. As with any market, it's important for shoppers to do their research, compare prices, and be willing to negotiate to get the best deals.
Transportation prices
If you're traveling to Quito, one transportation option you won't want to miss is the cable car ride up to the top of the Pichincha volcano. From the top, you'll be treated to sweeping views of the city, the mountains, and the surrounding countryside. It's an exhilarating experience that's sure to be unforgettable. You'll want to dress warmly, though, as it can get quite chilly at the top, and don't forget your camera!
Another unique way to get around Quito is by trolleybus. These brightly colored buses run on electric tracks and are a great way to see the city from a unique perspective. They stop at all the major sights and attractions, making it easy to hop on and off as often as you like. Plus, they're eco-friendly and offer a comfortable and safe way to get around. So if you're looking for an interesting and sustainable way to explore Quito, give the trolleybus a try.
Utilities Per Month prices
Utilities cost in Quito, Ecuador are relatively affordable compared to other major cities in South America. The cost of electricity, water, and gas is significantly lower than in neighboring countries such as Colombia and Brazil. However, it is important to note that the cost of utilities can vary depending on the location and type of accommodation. Some areas in Quito may have higher water bills due to being located on higher grounds, while apartments may have cheaper electricity bills due to their smaller size.
It is worth noting that while utilities are generally affordable, there may be additional costs to consider such as internet and cable. These services are not bundled with utilities and may come at an extra cost. It is also important to be mindful of water usage in Quito as the country experiences occasional water shortages during the dry season. Overall, utilities cost in Quito is relatively manageable for travelers, allowing them to enjoy their stay without breaking the bank.
Sports And Leisure prices
Quito, Ecuador is a hub for outdoor enthusiasts looking for adventure. There are plenty of opportunities for hiking, mountain biking, and rock climbing in the surrounding Andean mountains. One popular destination for hiking is the Pichincha Volcano, which rises to over 15,000 feet and offers stunning views of the city and surrounding landscape. For those seeking more extreme sports, the city also offers paragliding and bungee jumping. Sports lovers can also catch a game of Ecuadorian soccer at the Atahualpa Olympic Stadium, where the national team plays.
Those seeking more leisurely activities can find plenty to do in Quito as well. The city has many parks and gardens, such as the Parque La Carolina and the Botanic Garden. Visitors can also take a relaxing stroll through the historic Old Town, which is full of charming cobblestone streets and colonial architecture. For a truly unique experience, visitors can also participate in a chocolate tasting tour, which offers a glimpse into the history and production of one of Ecuador's most popular exports. Whatever your interests may be, Quito offers an array of sports and leisure activities for travelers of all types.
Salaries And Financing prices
When it comes to salaries and financing in Quito, Ecuador, it's important to keep in mind that the cost of living can vary greatly depending on your lifestyle and needs. While salaries in the city may not be as high as in other major cities around the world, it's possible to live comfortably on a budget if you plan ahead and are mindful of your expenses. You can expect to find a mix of modern and traditional banking services available, although it's always a good idea to have a backup plan as some ATMs may not be reliable.
If you're planning on working or starting a business in Quito, it's helpful to keep in mind that there are a number of resources available to help you navigate the local economy. The city has a strong startup scene, with a number of co-working spaces and accelerators available. Additionally, there are a variety of financing options available for businesses of all sizes, including traditional bank loans and non-traditional forms of financing. No matter what your financial goals may be, taking advantage of the various resources available in Quito can help increase your chances for success.
Childcare prices
Childcare prices in Quito, Ecuador can vary depending on the type of facility and services offered. Schools and kindergartens tend to be on the pricier side due to their educational curriculum and long hours of care. However, the quality of care and education is well worth the cost.
When comparing childcare options in Quito, parents should consider what is included in the price such as meals and activities. Many schools and kindergartens offer extracurricular activities and provide a structured learning environment. Additionally, some facilities may offer transportation services which can be convenient for busy working parents. It is always recommended to do research and visit multiple facilities before making a decision on where to enroll your child.
Clothing And Shoes prices
Quito, Ecuador is a great place to find affordable clothing and shoes. From street vendors to high-end stores, the options are endless. If you're looking for trendy and unique pieces, head to the La Mariscal neighborhood where you'll find small boutique shops and large shopping centers. For a more traditional shopping experience, visit the historic San Francisco market where you'll find an array of colorful textiles and handmade leather goods. Don't forget to bargain for the best deals!
For those looking for international brands, Quito has several malls such as Quicentro and Plaza de las Americas, which offer a range of prices and styles. And if you're on a tight budget, head to the outdoor markets in the local neighborhoods where you can find second-hand clothing or knockoff designer items. Overall, Quito offers a diverse shopping experience for all tastes and budgets.
Rent Per Month prices
If you're looking for a short-term stay in Quito, Ecuador, you'll be happy to know that there are plenty of options available. Whether you're traveling for business or pleasure, you can find a wide range of accommodations to fit your needs and your budget. From hostels and budget hotels to luxury apartments and homestays, there's something for everyone here. Many short-term rentals come fully furnished and equipped with all the amenities you need to feel right at home. And with so many great gastronomic options and cultural activities in Quito, you'll never be bored during your stay.
Short-term rentals in Quito are available in a range of neighborhoods, from the historic Old Town to the trendy La Mariscal district. Depending on what you're looking for, you can find a quiet and peaceful retreat or a lively and bustling location that's close to all the action. Prices for short-term rentals in Quito vary depending on the time of year and the type of accommodation you choose. It's best to do your research ahead of time and compare prices and amenities to find the best deal for your budget and needs.
Buy Apartment prices
Quito, Ecuador is a vibrant city with a rich cultural history and a growing real estate market. Prospective buyers have many options to choose from, including traditional homes, apartments, and condos. Homes can range in size from small, cozy spaces perfect for singles or couples to large, family-sized properties. Apartments and condos are also popular options, offering modern amenities and often breathtaking views of the city and surrounding mountains.
While prices vary depending on the specific location and size of the property, real estate in Quito is generally more affordable than in many other major cities around the world. The market is currently experiencing an uptick in demand, with many investors recognizing the potential for growth and strong returns on their investment. Whether you're looking for a starter home, a vacation property, or an investment opportunity, Quito's real estate market offers something for everyone.