Cost of living in Formosa is 40% lower than in Machala (without rent).
Rent in Formosa is 50% cheaper than in Machala.
Cost of living including rent in Formosa is 44% lower than in Machala.
Food in Formosa is 38% cheaper than in Machala.
Transport in Formosa is 46% cheaper than in Machala.
| Formosa | Machala | |
|---|---|---|
| Cost of Living, including rent | ||
| Without Rent | ||
| Rent & Utilities | ||
| Food | ||
| Transport | ||
| Monthly Salary, after tax | ||
| Quality of Life | ||
| Population |
| Formosa | Machala | |
|---|---|---|
Restaurants |
||
| Lunch menu, inexpensive restaurant |
2.15 $ | 2.82 $ |
| Dinner, for 2 | 2.6 $ | 22.2 $ |
| Fast food, McDonalds or KFC | 2.3 $ | 6.41 $ |
| Beer, 0.5 L or 16 fl oz | 2.1 $ | 1.96 $ |
| Capuccino | 0.26 $ | 2.92 $ |
| Coke, 330ml | 1.37 $ | 0.75 $ |
Markets |
Milk, 1 L or 1 qt | 1.46 $ | 1.05 $ |
| Bread, 0.5 kg or 1 lb | 0.24 $ | 0.91 $ |
| Rice, 1 kg or 2 lb | 0.24 $ | 0.83 $ |
| Eggs, 12 pack | 1.38 $ | 1.77 $ |
| Cheese, 1 kg or 2 lb | 3.02 $ | 3.9 $ |
| Chicken Breast, 1 kg or 2 lb | 3.8 $ | 3.82 $ |
| Round Steak, 1 kg or 2 lb | 6.28 $ | 4.76 $ |
| Apples, 1 kg or 2 lb | 0.65 $ | 2.21 $ |
| Banana, 1 kg or 2 lb | 1.5 $ | 0.62 $ |
| Oranges, 1 kg or 2 lb | 1.46 $ | 0.75 $ |
| Potatoes, 1 kg or 2 lb | 0.5 $ | 0.59 $ |
| Onions, 1 kg or 2 lb | 0.97 $ | 0.5 $ |
| Water, 1 L or 1 qt | 0.85 $ | 0.73 $ |
| Coca-Cola / Pepsi, 2 L or 67.6 fl oz | 1.77 $ | 1.87 $ |
| Wine, 750 mL bottle | 2.46 $ | 12.9 $ |
| Beer, 0.5 L or 16 fl oz | 0.86 $ | 1.67 $ |
| Cigarette pack | 1.99 $ | 4.06 $ |
Transport |
||
| Local transport ticket, One-way Ticket | 0.44 $ | 0.35 $ |
| Monthly pass, Monthly Ticket | 3.08 $ | 22.7 $ |
| Gas or petrol, 1 L or 0.26 gal | 0.96 $ | 0.58 $ |
| Taxi, 8 km | 9.95 $ | 15.8 $ |
Personal Care |
||
| Doctor visit, private clinic | 2.18 $ | 29.2 $ |
| Cold medicine, for 1 week | 2.39 $ | 6.85 $ |
| Hair shampoo, 400 ml or 12 oz | 1.38 $ | 5.44 $ |
| Toilet paper, 4 rolls | 1.13 $ | 1.94 $ |
| Toothpaste, 1 tube | 1.15 $ | 1.23 $ |
Utilities per Month |
||
| Utility bill - 1 person, electricity, heating, water & garbage |
4.25 $ | 33.4 $ |
| Utility bill - family, electricity, heating, water & garbage |
6.59 $ | 50.9 $ |
| Internet plan, +60 Mbps |
8.04 $ | 25.1 $ |
Rent per Month |
||
| 1 Bedroom Apartment, outside of center, 40 sq.m | 87.8 $ | 154 $ |
| 3 Bedroom Apartment, outside of center, 85 sq.m | 73.7 $ | 245 $ |
| 1 Bedroom Apartment, in city center, 40 sq.m | 163 $ | 234 $ |
| 3 Bedroom Apartment, in city center, 85 sq.m | 127 $ | 359 $ |
Buy Apartment Price |
||
| Price per Square Meter to Buy Apartment, in city center | 2,250 $ | 1,098 $ |
| Price per Square Meter to Buy House, in suburbs | 987 $ | 1,600 $ |
Salaries and Financing |
||
| Average Monthly Net Salary, after tax | 407 $ | 453 $ |
| Mortgage Interest Rate, for 20 years fixed-rate | 39.99 % | 5.05 % |
Sports and Leisure |
||
| Fitness Club, Monthly Fee for 1 Adult | 12.1 $ | 39.3 $ |
| Cinema, 1 seat | 0.83 $ | 4.97 $ |
| Haircut | 2.98 $ | 7.95 $ |
Clothing and Shoes |
||
| Brand Sneakers, mid-range, Nike or similar | 102 $ | 83.7 $ |
| Brand Jeans, Levis 501 | 30.2 $ | 57 $ |
Childcare |
||
| Preschool, full day, monthly for 1 child | 83.7 $ | 134 $ |
| International Primary School, yearly for 1 child | 1,622 $ | 7,011 $ |