Expat Guide: The Cost of Living in a Paradise Like Ecuador
LiveTheLifeinEcuador | April 10, 2015
Before making the move to a new home, let alone a new country, it is critical to create a new budget to account for a new cost of living. Even if you’re already projecting the cost to be lower, it’s better to actually put it on paper. Here are some important things to remember when moving to Ecuador.
It’s easy to see the cost of a move to Ecuador as expensive after you move all the furniture and household items such as a vehicle or other large items, but what about after you arrive and settle in? What kind of costs can you expect to have while living in a new country? Everything from food to utilities will be variables you have to plan for. Remember that local items at the stores will be less expensive than the items shipped to the country from the US or other places. You may have to get used to different brands, sizes and flavors to save money. The good news is that many of the items will be considerably less than what you would spend in the US for the same item. Try locally grown produce, meats and products instead of the imported brands. Not only will it help immerse you in the culture but you will find some new favorites.
The major cities in Ecuador have relatively lower healthcare costs than the surrounding countries and do provide adequate care. Before moving, price the health insurance companies who specialize in out-of-country medical coverage to find one that suits your needs and budget.
The majority of properties in the larger cities will cost more, as is the case with any city in the world so finding any size apartment or condo will be more difficult if you are on a tight budget. Consider moving outside the city if you have the flexibility. Ecuador has several smaller cities with reasonably priced homes and you can buy a larger property for much less than you would in the States and there are some near beaches, mountains and forests.
Have questions? Connect with me today to gain a better understanding of the real estate market in Ecuador and what you should expect when moving here. I look forward to hearing from you and to helping you find your own piece of paradise.