Before I go into the specifics I want to say how fortunate it is for my wife and I to have the privilege of living in Ecuador. The purpose of this article is to review some of the costs and to debunk some of the myths that you read about concerning unrealistic low costs. Everyone is is an individual and what is a good for me may not be that person’s choice.
Last year at this time I wrote an extensive post on my family’s cost of living. You can see the post here . I highly recommend you read the post because I’m only going to amend the costs that have changed.
Here is what has changed from last year.
- Food in the Mercados and SuperMaxi have increased significantly in costs. For example Milk has increased from $1.07 to $1.37 a liter. Thc cost of fruits and vegetables have also increased significantly and the prices of imported products (i.e. liquor, wine, specialty items) have gone up as well.
- Water and Electricity have also risen. Today, I paid my water bill and it was $7.95. Last year it was $4.95 per month.
- We are enrolled in the IESS Medical insurance program. The premiums increased about $4 per month but more significantly last year 5 of the 8 family monthly prescriptions were on the formulary now it is 3 adding additional monthly medical costs.
- One of the houses on our street had a home invasion and for safety we installed an electric fence around the perimeter of the house. That amortized to an extra $50 per month for this year.
- We added fiber optic Internet since the previous provider could not provide adequate bandwidth for streaming video. That added another $30 per month.
- Going out to eat to at a fine restaurant has increased. A meal for two, with wine, tip and a taxi is $60
- We have two cats and they eat IAMs cat food. Our first cat died from the local cat food here. A 15 kg bag is $132. Up about $30
- Airfare back to the United States once a year has increased and the cost of staying a month in the U.S. (i.e. rental cars, gasoline, food, presents) has also increased.
Again I encourage you to read last year’s posting on costs to get the full picture and the difference between last year and this year.
My point is that to flourish, travel and maintain good medical and dental health requires much more than you read in some of the comments and blogs. My estimate for 2015 has increased 10% from last year.