Cost of living in Formosa is 59% lower than in Guayaquil (without rent).
Rent in Formosa is 69% cheaper than in Guayaquil.
Cost of living including rent in Formosa is 63% lower than in Guayaquil.
Food in Formosa is 53% cheaper than in Guayaquil.
Transport in Formosa is 78% cheaper than in Guayaquil.
| Formosa | Guayaquil | |
|---|---|---|
| Cost of Living, including rent | ||
| Without Rent | ||
| Rent & Utilities | ||
| Food | ||
| Transport | ||
| Monthly Salary, after tax | ||
| Quality of Life | ||
| Population |
| Formosa | Guayaquil | |
|---|---|---|
Restaurants |
||
| Lunch menu, inexpensive restaurant |
2.15 $ | 4.82 $ |
| Dinner, for 2 | 2.6 $ | 37.6 $ |
| Fast food, McDonalds or KFC | 2.3 $ | 7.5 $ |
| Beer, 0.5 L or 16 fl oz | 2.1 $ | 1.77 $ |
| Capuccino | 0.26 $ | 2.73 $ |
| Coke, 330ml | 1.37 $ | 0.83 $ |
Markets |
Milk, 1 L or 1 qt | 1.46 $ | 1.18 $ |
| Bread, 0.5 kg or 1 lb | 0.24 $ | 1.44 $ |
| Rice, 1 kg or 2 lb | 0.24 $ | 1.26 $ |
| Eggs, 12 pack | 1.38 $ | 2.35 $ |
| Cheese, 1 kg or 2 lb | 3.02 $ | 6.87 $ |
| Chicken Breast, 1 kg or 2 lb | 3.8 $ | 5.5 $ |
| Round Steak, 1 kg or 2 lb | 6.28 $ | 8.77 $ |
| Apples, 1 kg or 2 lb | 0.65 $ | 2.38 $ |
| Banana, 1 kg or 2 lb | 1.5 $ | 1.72 $ |
| Oranges, 1 kg or 2 lb | 1.46 $ | 1.53 $ |
| Potatoes, 1 kg or 2 lb | 0.5 $ | 1.62 $ |
| Onions, 1 kg or 2 lb | 0.97 $ | 1.52 $ |
| Water, 1 L or 1 qt | 0.85 $ | 0.74 $ |
| Coca-Cola / Pepsi, 2 L or 67.6 fl oz | 1.77 $ | 2.25 $ |
| Wine, 750 mL bottle | 2.46 $ | 10.6 $ |
| Beer, 0.5 L or 16 fl oz | 0.86 $ | 1.65 $ |
| Cigarette pack | 1.99 $ | 5.55 $ |
Transport |
||
| Local transport ticket, One-way Ticket | 0.44 $ | 0.3 $ |
| Monthly pass, Monthly Ticket | 3.08 $ | 20.8 $ |
| Gas or petrol, 1 L or 0.26 gal | 0.96 $ | 0.78 $ |
| Taxi, 8 km | 9.95 $ | 18.9 $ |
Personal Care |
||
| Doctor visit, private clinic | 2.18 $ | 37.4 $ |
| Cold medicine, for 1 week | 2.39 $ | 6.76 $ |
| Hair shampoo, 400 ml or 12 oz | 1.38 $ | 5.64 $ |
| Toilet paper, 4 rolls | 1.13 $ | 2.22 $ |
| Toothpaste, 1 tube | 1.15 $ | 2.13 $ |
Utilities per Month |
||
| Utility bill - 1 person, electricity, heating, water & garbage |
4.25 $ | 53.1 $ |
| Utility bill - family, electricity, heating, water & garbage |
6.59 $ | 82.5 $ |
| Internet plan, +60 Mbps |
8.04 $ | 30.6 $ |
Rent per Month |
||
| 1 Bedroom Apartment, outside of center, 40 sq.m | 87.8 $ | 274 $ |
| 3 Bedroom Apartment, outside of center, 85 sq.m | 73.7 $ | 571 $ |
| 1 Bedroom Apartment, in city center, 40 sq.m | 163 $ | 359 $ |
| 3 Bedroom Apartment, in city center, 85 sq.m | 127 $ | 608 $ |
Buy Apartment Price |
||
| Price per Square Meter to Buy Apartment, in city center | 2,250 $ | 1,130 $ |
| Price per Square Meter to Buy House, in suburbs | 987 $ | 1,872 $ |
Salaries and Financing |
||
| Average Monthly Net Salary, after tax | 407 $ | 567 $ |
| Mortgage Interest Rate, for 20 years fixed-rate | 39.99 % | 8.29 % |
Sports and Leisure |
||
| Fitness Club, Monthly Fee for 1 Adult | 12.1 $ | 35.2 $ |
| Cinema, 1 seat | 0.83 $ | 7.15 $ |
| Haircut | 2.98 $ | 8.01 $ |
Clothing and Shoes |
||
| Brand Sneakers, mid-range, Nike or similar | 102 $ | 104 $ |
| Brand Jeans, Levis 501 | 30.2 $ | 60.3 $ |
Childcare |
||
| Preschool, full day, monthly for 1 child | 83.7 $ | 269 $ |
| International Primary School, yearly for 1 child | 1,622 $ | 6,982 $ |