Ecuador vs South Korea - Cost of Living Comparison

Updated:

Livingcost

Ecuador South Korea
🚶 Cost of living one person
$815
$1118
👨‍👩‍👧‍👦 Cost of living Family
$2081
$3093
🏠 One person rent
$339
$471
🏘️ Family rent
$618
$1095
🍽️ Food expenses
$292
$454
🚐 Transport expenses
$85.8
$98.5
💳 Monthly salary after tax
$544
$2392
💸 GDP per capita
$6391
$32423
😃 Human freedom index
7.03
8.12
❤️ Life expectancy
73.7
83.5
👮 Corruption perceptions index
34
63
🌐 English speaking %
2%
20%
🎓 Higher education
53
87
😀 Quality of life
45
87
🏙️ Population
18M
51.5M

The average cost of living in Ecuador ($815) is 27% less expensive than in South Korea ($1118). Ecuador ranked 108th vs 62nd 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 2.1 months in South Korea. Ranked 99th and 20th best countries to live in the world.

Salary adjustment calculator
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
$4.58
$6.47
🥂 Dinner in a Restaurant, for 2
$33.6
$35
🥪 Fast food meal, equiv. McDonald's
$6.92
$5.62
🍻 Beer in a Pub, 0.5 L or 16 fl oz
$2.06
$3.31
 Cappuccino
$2.65
$3.63
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz
$0.99
$1.46
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2
$343
$466
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2
$253
$323
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2
$620
$1256
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2
$508
$839
🔌 Utility Bill one person, electricity, heating, water, etc.
$36.5
$99.4
🔌 Utility Bill for a Family, electricity, heating, water, etc.
$56.3
$153
🌐 Internet plan, 50 Mbps+ 1 month unlimited
$32.2
$20.9
🏦 Mortgage Interest Rate for 20 Years
9.76%
4.46%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2
$1320
$10104
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2
$1463
$6925
Transportation
🚌 Local transport ticket
$0.34
$1.06
🎟️ Monthly ticket local transport
$19.6
$44.3
🚕 Taxi Ride, 8 km or 5 mi
$15.3
$9.06
 Gas / Petrol, 1 L or 0.26 gal
$0.71
$1.24
Groceries
🥛 Milk, 1 L or 1 qt
$1.14
$2.07
🍞 Bread, 0.5 kg or 1.1 lb
$1.47
$2.86
🍚 Rice, 1 kg or 2.2 lb
$1.33
$3.19
🥚 Eggs, x12
$2.34
$3.26
🧀 Cheese, 1 kg or 2.2 lb
$6.47
$11.8
🐔 Chicken Breast, 1 kg or 2.2 lb
$6.06
$8.08
🥩 Round Steak, 1 kg or 2.2 lb
$6.6
$31.2
🍏 Apples, 1 kg or 2.2 lb
$2.22
$6.08
🍌 Banana, 1 kg or 2.2 lb
$1.29
$3.32
🍊 Oranges, 1 kg or 2.2 lb
$1.38
$5.58
🍅 Tomato, 1 kg or 2.2 lb
$1.17
$5.12
🥔 Potato, 1 kg or 2.2 lb
$1.24
$3.6
🧅 Onion, 1 kg or 2.2 lb
$1.06
$2.97
🌊 Water, 1 L or 1 qt
$0.7
$0.68
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz
$2
$2.53
🍾 Wine (mid-priced), 750 mL bottle
$10.5
$15.3
🍺 Beer, 0.5 L or 16 fl oz
$1.62
$2.1
🚬 Cigarette pack
$5.31
$3.35
💊 Cold medicince, 1 week
$7.41
$4.94
🧴 Hair Shampoo
$6.35
$5.38
🧻 Toilet paper, 4 rolls
$1.91
$2.37
👄 Toothpaste, 1 tube
$1.96
$2.13
Other
🏋️ Gym Membership, 1 month
$39.6
$51.9
🎫 Cinema Ticket, 1 person
$7.31
$9.9
👩‍⚕️ Doctor's visit
$37.1
$28.1
💇 Haircut, simple
$9.43
$8.02
👖 Brand Jeans
$55.9
$62.1
👟 Brand Sneakers
$103
$78
👶 Daycare or Preschool, 1 month
$239
$385
🏫 International Primary School, 1 year
$6901
$17694

Cost of living in other countries

Cost of living

Cities Comparison in Ecuador vs South Korea

More countries to compare

Cost of Living in Popular cities

In Ecuador

City Cost of living Population
Guayaquil
$903
2.72M
Quito
$851
2.01M
Cuenca
$790
330K
Duran
$801
231K
Santo Domingo
$775
271K
Ambato
$570
165K
Machala
$603
231K
Manta
$870
218K
Milagro
$731
134K
Ibarra
$536
132K
Quevedo
$638
151K
Loja
$637
170K
Portoviejo
$642
207K
Esmeraldas
$612
154K
Babahoyo
$834
90.2K
La Libertad
$814
95.9K
Riobamba
$547
146K
Galapagos Islands
$688
25K
Montanita
$754
1K

In South Korea

City Cost of living Population
Seoul
$1444
9.67M
Busan
$1029
3.45M
Incheon
$1020
2.94M
Daegu
$1113
2.44M
Daejeon
$924
1.48M
Gwangju
$1147
1.49M
Suwon
$987
1.23M
Ulsan
$1078
1.15M
Seongnam
$1121
949K
Changwon
$1073
1.05M
Cheongju
$903
849K
Yongin
$1256
971K
Jeju Island
$1056
678K
Goyang
$1144
1.06M
Hwaseong
$1088
904K
Namyangju
$1106
713K
Bucheon
$1152
793K
Gimhae
$907
534K
Jeju
$1003
435K
Cheonan
$940
652K
Ansan
$1127
653K
Siheung
$1081
425K
Uijeongbu
$986
463K
Anyang
$1097
548K
Gunsan
$975
275K
Pohang
$989
504K
Masan
$1006
430K
Jeonju
$787
653K
Pyeongtaek
$924
458K
Paju
$1072
415K