Ecuador vs South Korea - Cost of Living Comparison

Ecuador South Korea
🚶 Cost of living one person
$750
$1062
👨‍👩‍👧‍👦 Cost of living Family
$1875
$2839
🏠 One person rent
$307
$457
🏘️ Family rent
$509
$948
🍽️ Food expenses
$266
$416
🚐 Transport expenses
$85.1
$100
💳 Monthly salary after tax
$515
$2022
💸 GDP per capita
$5600
$31598
😃 Human freedom index
7.43
8.39
❤️ Life expectancy
77.2
83.4
👮 Corruption perceptions index
36
62
🌐 English speaking %
2%
20%
🎓 Higher education
57
88
😀 Quality of life
56
77
🏙️ Population
16.6M
51.5M

The average cost of living in Ecuador ($750) is 29% less expensive than in South Korea ($1062). Ecuador ranked 109th vs 53rd for South Korea in the list of the most expensive countries in the world.

The average after-tax salary is enough to cover living expenses for 0.7 months in Ecuador compared to 1.9 months in South Korea. Ranked 67th and 20th best countries to live in the world.

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the estimated difference in money purchasing power

Cost of living in Ecuador vs South Korea infographic

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Prices in Ecuador vs South Korea

We calculate prices for Ecuador and South Korea as a population-weighted mean of 19 and 87 cities, respectively. Since large cities tend to have a higher cost of living, it's better to visit specific city pages below for more relevant information.

Ecuador South Korea
Eating Out
🍱 Lunch Menu
$4.64
$5.59
🥂 Dinner in a Restaurant, for 2
$26.9
$29.1
🥪 Fast food meal, equiv. McDonald's
$6.31
$5.02
🍻 Beer in a Pub, 0.5 L or 16 fl oz
$2.02
$2.84
 Cappuccino
$2.94
$3.5
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz
$0.87
$1.33
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2
$323
$458
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2
$220
$331
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2
$564
$1094
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2
$389
$733
🔌 Utility Bill one person, electricity, heating, water, etc.
$34.4
$79.7
🔌 Utility Bill for a Family, electricity, heating, water, etc.
$52.7
$122
🌐 Internet plan, 50 Mbps+ 1 month unlimited
$32.1
$21
🏦 Mortgage Interest Rate for 20 Years
9.45%
3.64%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2
$1287
$7604
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2
$1037
$5485
Transportation
🚌 Local transport ticket
$0.34
$1.02
🎟️ Monthly ticket local transport
$21.8
$42.5
🚕 Taxi Ride, 8 km or 5 mi
$14.2
$9.67
 Gas / Petrol, 1 L or 0.26 gal
$0.77
$1.3
Groceries
🥛 Milk, 1 L or 1 qt
$1.02
$1.93
🍞 Bread, 0.5 kg or 1.1 lb
$1.26
$2.34
🍚 Rice, 1 kg or 2.2 lb
$1.18
$3.02
🥚 Eggs, x12
$1.95
$3.25
🧀 Cheese, 1 kg or 2.2 lb
$6.35
$14
🐔 Chicken Breast, 1 kg or 2.2 lb
$5.61
$8.29
🥩 Round Steak, 1 kg or 2.2 lb
$5.77
$28.5
🍏 Apples, 1 kg or 2.2 lb
$1.8
$5.55
🍌 Banana, 1 kg or 2.2 lb
$0.9
$3.31
🍊 Oranges, 1 kg or 2.2 lb
$1.24
$4.48
🍅 Tomato, 1 kg or 2.2 lb
$1.22
$4.69
🥔 Potato, 1 kg or 2.2 lb
$1.1
$2.96
🧅 Onion, 1 kg or 2.2 lb
$1.02
$2.36
🌊 Water, 1 L or 1 qt
$0.65
$0.64
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz
$1.97
$2.33
🍾 Wine (mid-priced), 750 mL bottle
$11.2
$13.5
🍺 Beer, 0.5 L or 16 fl oz
$1.47
$1.93
🚬 Cigarette pack
$4.95
$3.37
💊 Cold medicince, 1 week
$6.22
$4.98
🧴 Hair Shampoo
$6.34
$5.13
🧻 Toilet paper, 4 rolls
$1.77
$2.47
👄 Toothpaste, 1 tube
$1.74
$1.86
Other
🏋️ Gym Membership, 1 month
$39.6
$42.5
🎫 Cinema Ticket, 1 person
$5.61
$8.6
👩‍⚕️ Doctor's visit
$32.5
$29.8
💇 Haircut, simple
$9
$8.47
👖 Brand Jeans
$58.8
$58.1
👟 Brand Sneakers
$99.4
$72.6
👶 Daycare or Preschool, 1 month
$247
$352
🏫 International Primary School, 1 year
$6933
$18313

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Cities Comparison in Ecuador vs South Korea

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Cost of Living in Popular cities

In Ecuador

City Cost of living Population
Guayaquil
$806
2.72M
Quito
$806
2.01M
Santo Domingo
$590
271K
Cuenca
$741
330K
Duran
$665
231K
Machala
$686
231K
Manta
$811
264K
Quevedo
$621
151K
Ambato
$577
165K
Portoviejo
$568
207K
Riobamba
$556
146K
Loja
$567
170K
Milagro
$677
134K
Esmeraldas
$655
154K
Ibarra
$556
132K
La Libertad
$779
95.9K
Babahoyo
$732
90.2K
Galapagos Islands
$650
25K
Montanita
$652
1K

In South Korea

City Cost of living Population
Seoul
$1460
9.67M
Busan
$1031
3.45M
Incheon
$1002
2.91M
Daegu
$918
2.46M
Gwangju
$902
1.49M
Daejeon
$944
1.48M
Seongnam
$1022
949K
Suwon
$977
1.23M
Ulsan
$1066
1.17M
Changwon
$955
1.05M
Goyang
$1002
1.06M
Yongin
$1049
971K
Bucheon
$1121
868K
Cheongju
$880
833K
Namyangju
$970
713K
Jeju Island
$968
696K
Pohang
$775
520K
Jeju
$1542
435K
Hwaseong
$965
655K
Ansan
$921
653K
Anyang
$1102
573K
Jeonju
$791
653K
Cheonan
$930
652K
Gimhae
$839
534K
Pyeongtaek
$809
458K
Masan
$945
430K
Siheung
$945
425K
Uijeongbu
$998
422K
Paju
$941
415K
Gumi
$951
421K